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NOL

NobleOak Life ASX:NOL Stock Report

Last Price

AU$2.10

Market Cap

AU$180.0m

7D

15.4%

1Y

n/a

Updated

28 Jun, 2022

Data

Company Financials +
NOL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance1/6
Financial Health4/6
Dividends0/6

NOL Stock Overview

NobleOak Life Limited manufactures, underwrites, administers, markets, 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$2.10
52 Week HighAU$2.45
52 Week LowAU$1.82
Beta0
1 Month Change-1.87%
3 Month Change-3.23%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO7.69%

Recent News & Updates

Shareholder Returns

NOLAU InsuranceAU Market
7D15.4%2.9%2.8%
1Yn/a3.7%-9.6%

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 Average Weekly Movement8.0%
Insurance Industry Average Movement3.9%
Market Average Movement9.8%
10% most volatile stocks in AU Market16.5%
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 +/- 8% a week.

Volatility Over Time: NOL's weekly volatility (8%) has been stable 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$180.04m
Earnings (TTM)AU$4.21m
Revenue (TTM)AU$74.02m

42.8x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NOL income statement (TTM)
RevenueAU$74.02m
Cost of RevenueAU$39.83m
Gross ProfitAU$34.19m
Other ExpensesAU$29.98m
EarningsAU$4.21m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.049
Gross Margin46.19%
Net Profit Margin5.69%
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

  • PEG Ratio

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/Revenue1.9x
Enterprise Value/EBITDA11.9x
PEG Ratio1.5x

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 Average34.4x
GDG Generation Development Group
63.6x33.1%AU$235.3m
NHF nib holdings
19.2x4.5%AU$3.4b
MPL Medibank Private
20.8x6.7%AU$9.1b
PSI PSC Insurance Group
33.8x14.4%AU$1.5b
NOL NobleOak Life
42.8x28.7%AU$180.0m

Price-To-Earnings vs Peers: NOL is expensive based on its Price-To-Earnings Ratio (42.8x) compared to the peer average (34.4x).


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 (42.8x) compared to the Global Insurance industry average (10.9x)


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 Ratio42.8x
Fair PE Ratio36.3x

Price-To-Earnings vs Fair Ratio: NOL is expensive based on its Price-To-Earnings Ratio (42.8x) compared to the estimated Fair Price-To-Earnings Ratio (36.3x).


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$2.1) is trading above our estimate of fair value (A$1.79)

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


Price to Earnings Growth Ratio

PEG Ratio: NOL is poor value based on its PEG Ratio (1.5x)


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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


28.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOL's forecast earnings growth (28.7% per year) is above the savings rate (1.8%).

Earnings vs Market: NOL's earnings (28.7% per year) are forecast to grow faster than the Australian market (6% per year).

High Growth Earnings: NOL's 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 (11.7%).


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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


13.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NOL has a large one-off loss of A$1.9M impacting its December 31 2021 financial results.

Growing Profit Margin: NOL's current net profit margins (5.7%) are lower than last year (12%).


Past Earnings Growth Analysis

Earnings Trend: NOL's earnings have grown by 13.8% 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 (-41.6%) over the past year, making it difficult to compare to the Insurance industry average (64.4%).


Return on Equity

High ROE: NOL's Return on Equity (3.8%) is considered low.


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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$77.4M) do not cover its short term liabilities (A$82.7M).

Long Term Liabilities: NOL's short term assets (A$77.4M) do not cover its long term liabilities (A$-65.0M).


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


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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

  • Future Dividend Coverage

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.


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?

2.5yrs

Average board tenure


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 ($USD700.73K) is above average for companies of similar size in the Australian market ($USD289.00K).

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


Board Members

Experienced Board: NOL's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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
  • Implied Market Cap: AU$180.044m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2021/12/31
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.