company background image
NOL

NobleOak Life ASX:NOL Stock Report

Last Price

AU$1.89

Market Cap

AU$162.5m

7D

4.1%

1Y

-18.2%

Updated

28 Sep, 2022

Data

Company Financials +
NOL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends0/6

NOL Stock Overview

NobleOak Life Limited manufactures and distributes life insurance products in Australia.

NobleOak Life Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NobleOak Life
Historical stock prices
Current Share PriceAU$1.89
52 Week HighAU$2.45
52 Week LowAU$1.74
Beta0
1 Month Change2.16%
3 Month Change-11.68%
1 Year Change-18.18%
3 Year Changen/a
5 Year Changen/a
Change since IPO-3.08%

Recent News & Updates

Shareholder Returns

NOLAU InsuranceAU Market
7D4.1%-2.1%-3.3%
1Y-18.2%-6.4%-10.6%

Return vs Industry: NOL underperformed the Australian Insurance industry which returned -6.4% over the past year.

Return vs Market: NOL underperformed the Australian Market which returned -10.6% over the past year.

Price Volatility

Is NOL's price volatile compared to industry and market?
NOL volatility
NOL Average Weekly Movement6.3%
Insurance Industry Average Movement3.8%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.3%

Stable Share Price: NOL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: NOL's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1861n/aAnthony Brownhttps://www.nobleoak.com.au

NobleOak Life Limited manufactures and distributes life insurance products in Australia. The company offers term death, total and permanent disability, trauma, and income protection and business expenses insurance products. It sells its products through direct-to-market and alliance partners, as well as strategic partner channels.

NobleOak Life Fundamentals Summary

How do NobleOak Life's earnings and revenue compare to its market cap?
NOL fundamental statistics
Market CapAU$162.47m
Earnings (TTM)AU$1.69m
Revenue (TTM)AU$83.40m

96.2x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NOL income statement (TTM)
RevenueAU$83.40m
Cost of RevenueAU$55.98m
Gross ProfitAU$27.43m
Other ExpensesAU$25.74m
EarningsAU$1.69m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.02
Gross Margin32.88%
Net Profit Margin2.02%
Debt/Equity Ratio0%

How did NOL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is NOL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NOL?

Other financial metrics that can be useful for relative valuation.

NOL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.6x
Enterprise Value/EBITDA21.8x
PEG Ratio3.2x

Price to Earnings Ratio vs Peers

How does NOL's PE Ratio compare to its peers?

NOL PE Ratio vs Peers
The above table shows the PE ratio for NOL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average59.5x
GDG Generation Development Group
124.1x34.2%AU$254.7m
NHF nib holdings
25x9.1%AU$3.4b
MPL Medibank Private
24.4x7.3%AU$9.5b
PSI PSC Insurance Group
62.8x23.6%AU$1.7b
NOL NobleOak Life
96.2x29.8%AU$162.5m

Price-To-Earnings vs Peers: NOL is expensive based on its Price-To-Earnings Ratio (96.2x) compared to the peer average (59.5x).


Price to Earnings Ratio vs Industry

How does NOL's PE Ratio compare vs other companies in the Global Insurance Industry?

Price-To-Earnings vs Industry: NOL is expensive based on its Price-To-Earnings Ratio (96.2x) compared to the Global Insurance industry average (11.3x)


Price to Earnings Ratio vs Fair Ratio

What is NOL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NOL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio96.2x
Fair PE Ratio38.7x

Price-To-Earnings vs Fair Ratio: NOL is expensive based on its Price-To-Earnings Ratio (96.2x) compared to the estimated Fair Price-To-Earnings Ratio (38.7x).


Share Price vs Fair Value

What is the Fair Price of NOL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NOL (A$1.89) is trading above our estimate of fair value (A$1.53)

Significantly Below Fair Value: NOL is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


Discover undervalued companies

Future Growth

How is NobleOak Life forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


29.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOL's forecast earnings growth (29.8% per year) is above the savings rate (1.8%).

Earnings vs Market: NOL's earnings (29.8% per year) are forecast to grow faster than the Australian market (6.7% per year).

High Growth Earnings: NOL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NOL's revenue (10.6% per year) is forecast to grow faster than the Australian market (3.7% per year).

High Growth Revenue: NOL's revenue (10.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NOL's Return on Equity is forecast to be low in 3 years time (11.5%).


Discover growth companies

Past Performance

How has NobleOak Life performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NOL has a large one-off loss of A$2.8M impacting its June 30 2022 financial results.

Growing Profit Margin: NOL's current net profit margins (2%) are lower than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: NOL's earnings have grown by 3.7% per year over the past 5 years.

Accelerating Growth: NOL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NOL had negative earnings growth (-65.6%) over the past year, making it difficult to compare to the Insurance industry average (-20.4%).


Return on Equity

High ROE: NOL's Return on Equity (1.5%) is considered low.


Discover strong past performing companies

Financial Health

How is NobleOak Life's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NOL's short term assets (A$97.3M) do not cover its short term liabilities (A$98.2M).

Long Term Liabilities: NOL's short term assets (A$97.3M) do not cover its long term liabilities (A$-61.3M).


Debt to Equity History and Analysis

Debt Level: NOL is debt free.

Reducing Debt: NOL has not had any debt for past 5 years.

Debt Coverage: NOL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NOL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is NobleOak Life current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

NobleOak Life Dividend Yield vs Market
How does NobleOak Life dividend yield compare to the market?
SegmentDividend Yield
Company (NobleOak Life)n/a
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Insurance)3.0%
Analyst forecast in 3 Years (NobleOak Life)0%

Notable Dividend: Unable to evaluate NOL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NOL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NOL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NOL's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NOL has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Anthony Brown

9.17yrs

Tenure

AU$1,113,884

Compensation

Mr. Anthony R. Brown serves as Chief Executive Officer of NobleOak Life Limited since July 2012 and serves as its Executive Director since July 2013. He has many years of experience in marketing, strategy,...


CEO Compensation Analysis

Anthony Brown's Compensation vs NobleOak Life Earnings
How has Anthony Brown's remuneration changed compared to NobleOak Life's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022AU$1mAU$537k

AU$2m

Mar 31 2022n/an/a

AU$3m

Dec 31 2021n/an/a

AU$4m

Sep 30 2021n/an/a

AU$5m

Jun 30 2021AU$1mAU$466k

AU$5m

Mar 31 2021n/an/a

AU$6m

Dec 31 2020n/an/a

AU$7m

Sep 30 2020n/an/a

AU$7m

Jun 30 2020AU$745kAU$448k

AU$8m

Compensation vs Market: Anthony's total compensation ($USD717.66K) is above average for companies of similar size in the Australian market ($USD274.98K).

Compensation vs Earnings: Anthony's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NOL's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: NOL's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NOL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:NOL Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
19 Sep 22BuyAU$28,078Anthony BrownIndividual15,000AU$1.90
31 Aug 22BuyAU$3,665,421Ethical Partners Funds ManagementCompany1,805,773AU$2.03
31 Aug 22BuyAU$2,423,063Magellan Financial Group LimitedCompany1,275,587AU$1.93
08 Mar 22BuyAU$1,583,662Samuel Terry Asset Management Pty LtdCompany700,000AU$2.26
08 Mar 22BuyAU$9,848,890UniSuper LimitedCompany4,403,617AU$2.24
08 Mar 22SellAU$6,233,513Asset Resolution Limited, Asset Management ArmCompany2,785,773AU$2.24
08 Mar 22SellAU$12,202Perpetual LimitedCompany5,305AU$2.30
25 Jan 22BuyAU$2,494,146Magellan Financial Group LimitedCompany1,088,158AU$2.39
24 Jan 22BuyAU$1,650,656Perpetual LimitedCompany703,231AU$2.39
06 Jan 22BuyAU$3,544,668Ethical Partners Funds ManagementCompany1,548,275AU$2.29
23 Nov 21BuyAU$2,469,852Ethical Partners Funds ManagementCompany1,071,021AU$2.31
23 Nov 21SellAU$14,280Ethical Partners Funds ManagementCompany6,413AU$2.23

Ownership Breakdown

What is the ownership structure of NOL?
Owner TypeNumber of SharesOwnership Percentage
Private Companies16,197,39617.3%
Individual Insiders18,806,17720.0%
Institutions58,801,05562.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 108.7% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
14.1%
Samuel Terry Asset Management Pty Ltd
12,088,205A$22.8m0%8.99%
12.7%
Magellan Financial Group Limited
10,887,348A$20.6m13.27%29.69%
10.7%
Ethical Partners Funds Management
9,177,256A$17.3m24.5%3.67%
8.61%
Private Portfolio Managers
7,378,446A$13.9m0%40.24%
8.22%
UniSuper Limited
7,049,853A$13.3m0%0.11%
6.42%
Anthony Brown
5,508,310A$10.4m0.27%no data
6.26%
Evan Gordon
5,363,718A$10.1m0%no data
5.41%
Scott Gant
4,638,168A$8.8m0%no data
4.8%
Firetrail Investments Pty Ltd
4,112,157A$7.8m0%1.46%
4.22%
ES Gordon Pty Ltd
3,620,865A$6.8m0%no data
3.62%
FF Okram Pty Ltd
3,102,439A$5.9m0%no data
3.5%
Perpetual Limited
3,004,560A$5.7m0%0.1%
3.38%
Netwealth Investments Ltd.
2,895,367A$5.5m106.84%0.07%
2.86%
Moneris Pty Ltd
2,449,466A$4.6m2.06%no data
1.94%
Pinnacle Fund Services Limited
1,666,666A$3.1m0%0.08%
1.91%
BGL Group Limited
1,641,025A$3.1m0%no data
1.88%
Evanic Investments Pty Limited
1,611,807A$3.0m0%no data
1.86%
Greenwich Capital Partners Pty Ltd
1,597,793A$3.0m0%no data
1.43%
Tg Family Trust
1,226,554A$2.3m0%no data
1.28%
Kevin Hamman
1,100,002A$2.1m0%no data
0.84%
Trevor Groeneveld
720,714A$1.4m0%no data
0.84%
Jodie Groeneveld
720,714A$1.4m0%no data
0.81%
Gwlh Pty Ltd
697,447A$1.3m0%no data
0.63%
Greenwich Capital Advisory Pty Ltd, Investment Arm
541,197A$1.0m0%no data
0.45%
Emery Feyzeny
390,000A$737.1k0%no data

Company Information

NobleOak Life Limited's employee growth, exchange listings and data sources


Key Information

  • Name: NobleOak Life Limited
  • Ticker: NOL
  • Exchange: ASX
  • Founded: 1861
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Implied Market Cap: AU$162.468m
  • Shares outstanding: 85.74m
  • Website: https://www.nobleoak.com.au

Number of Employees


Location

  • NobleOak Life Limited
  • 66 Clarence Street
  • Level 7
  • Sydney
  • New South Wales
  • 2000
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NOLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.