NOL

NobleOak LifeASX:NOL Stock Report

Market Cap

AU$195.9m

7D

0%

1Y

n/a

Updated

17 Oct, 2021

Data

Company Financials +
NOL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance1/6
Financial Health5/6
Dividends0/6

NOL Overview

NobleOak Life Limited manufactures, underwrites, administers, markets, and distributes life insurance products in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for NobleOak Life
Historical stock prices
Current Share PriceAU$2.29
52 Week HighAU$1.92
52 Week LowAU$2.40
Beta0
1 Month Change-1.29%
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO17.44%

Recent News & Updates

Shareholder Returns

NOLAU InsuranceAU Market
7D0%-3.2%0.9%
1Yn/a28.2%20.2%

Return vs Industry: Insufficient data to determine how NOL performed against the Australian Insurance industry.

Return vs Market: Insufficient data to determine how NOL performed against the Australian Market.

Price Volatility

Is NOL's price volatile compared to industry and market?
NOL volatility
NOL Beta0
Industry Beta0.72
Market Beta1

Stable Share Price: NOL is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: Insufficient data to determine NOL's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1861130Anthony Brownhttps://www.nobleoak.com.au

NobleOak Life Limited manufactures, underwrites, administers, markets, and distributes life insurance products in Australia. It offers term life, income protection, trauma, total and permanent disability, and business expenses insurance products. The company 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$195.94m
Earnings (TTM)AU$4.90m
Revenue (TTM)AU$63.49m

40.0x

P/E Ratio

3.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NOL income statement (TTM)
RevenueAU$63.49m
Cost of RevenueAU$34.96m
Gross ProfitAU$28.53m
ExpensesAU$23.63m
EarningsAU$4.90m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.057
Gross Margin44.94%
Net Profit Margin7.72%
Debt/Equity Ratio0%

How did NOL perform over the long term?

See historical performance and comparison

Valuation

Is NobleOak Life undervalued compared to its fair value and its price relative to the market?

39.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NOL (A$2.29) is trading above our estimate of fair value (A$1.8)

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


Price To Earnings Ratio

PE vs Industry: NOL is poor value based on its PE Ratio (40x) compared to the Australian Insurance industry average (28.6x).

PE vs Market: NOL is poor value based on its PE Ratio (40x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: NOL is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: NOL is good value based on its PB Ratio (2.3x) compared to the AU Insurance industry average (3.8x).


Future Growth

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

25.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOL's forecast earnings growth (25.8% per year) is above the savings rate (1.9%).

Earnings vs Market: NOL's earnings (25.8% per year) are forecast to grow faster than the Australian market (11.8% per year).

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

Revenue vs Market: Insufficient data to determine if NOL's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if NOL's revenue is forecast to grow faster 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 (18%).


Past Performance

How has NobleOak Life performed over the past 5 years?

22.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NOL has a high level of non-cash earnings.

Growing Profit Margin: NOL's current net profit margins (7.7%) are lower than last year (13.8%).


Past Earnings Growth Analysis

Earnings Trend: NOL's earnings have grown significantly by 22.1% 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 (-35.8%) over the past year, making it difficult to compare to the Insurance industry average (57.5%).


Return on Equity

High ROE: NOL's Return on Equity (5.8%) is considered low.


Financial Health

How is NobleOak Life's financial position?


Financial Position Analysis

Short Term Liabilities: NOL's short term assets (A$101.8M) exceed its short term liabilities (A$81.4M).

Long Term Liabilities: NOL's short term assets (A$101.8M) do not cover its long term liabilities (A$-57.9M).


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


Dividend

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


Dividend Yield vs Market

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NOL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

AU$1m

CEO Compensation


CEO

Anthony Brown

no data

Tenure

AU$1,008,838

Compensation

Mr. Anthony R. Brown serves as Chief Executive Officer and Director of NobleOak Life Limited. He has many years of experience in marketing, strategy, operations and distribution. He was previously COO at A...


CEO Compensation Analysis

Compensation vs Market: Anthony's total compensation ($USD748.78K) is above average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: Anthony's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


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

Ownership Breakdown

Dilution of Shares: NOL only recently listed within the past 12 months.


Top Shareholders

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
  • Market Cap: AU$195.938m
  • Shares outstanding: 85.56m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:05
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.