DB:95S

Stock Analysis Report

Insr Insurance Group

Executive Summary

Insr Insurance Group ASA, a non-life insurance company, focuses on property and casualty insurance for the retail, and small and medium sized enterprises in Norway.

Snowflake

Fundamentals

Concerning outlook with worrying balance sheet.

Share Price & News

How has Insr Insurance Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.3%

95S

2.9%

DE Insurance

1.4%

DE Market


1 Year Return

-4.0%

95S

22.0%

DE Insurance

3.7%

DE Market

Return vs Industry: 95S underperformed the German Insurance industry which returned 22% over the past year.

Return vs Market: 95S underperformed the German Market which returned 3.7% over the past year.


Shareholder returns

95SIndustryMarket
7 Day-0.3%2.9%1.4%
30 Day-7.8%4.4%1.8%
90 Day3.2%3.4%3.4%
1 Year-4.0%-4.0%27.3%22.0%7.0%3.7%
3 Year-10.0%-10.0%70.6%50.0%18.5%8.3%
5 Year-87.5%-97.6%119.6%75.9%42.2%22.9%

Price Volatility Vs. Market

How volatile is Insr Insurance Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Insr Insurance Group undervalued compared to its fair value and its price relative to the market?

3.41x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate 95S's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate 95S's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 95S is unprofitable, so we can't compare its PE Ratio to the Insurance industry average.

PE vs Market: 95S is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 95S's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 95S is overvalued based on its PB Ratio (3.4x) compared to the DE Insurance industry average (1.1x).


Next Steps

Future Growth

How is Insr Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

104.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 95S is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 95S is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 95S is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: 95S's revenue (14.3% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: 95S's revenue (14.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 95S's Return on Equity is forecast to be low in 3 years time (16.9%).


Next Steps

Past Performance

How has Insr Insurance Group performed over the past 5 years?

10.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 95S is unprofitable, but has reduced losses over the past 5 years at a rate of 10.6% per year.

Accelerating Growth: Unable to compare 95S's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 95S is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (15.2%).


Return on Equity

High ROE: 95S has a negative Return on Equity (-28.36%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 95S is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 95S is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Insr Insurance Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 95S has a low level of unsold assets or inventory.

Debt Coverage by Assets: 95S's debt is covered by short term assets (assets are 16.050330x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 95S has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 95S is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 121.9% per year.


Financial Institutions Analysis

Asset Level: 95S's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if 95S has a sufficient allowance for bad loans.

Low Risk Liabilities: 95S reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 95S has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 95S has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 95S has an appropriate level of bad loans.


Next Steps

Dividend

What is Insr Insurance Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage3.9%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 95S's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 95S's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 95S's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 95S'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 95S's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Insr Insurance Group's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Espen Husstad (51yo)

4yrs

Tenure

kr5,298,000

Compensation

Mr. Espen Husstad has been Chief Executive Officer of Insr Insurance Group ASA (“Insr Insurance”) since October 2015. Mr. Husstad has extensive experience from the insurance industry. Before he joined Insr ...


CEO Compensation Analysis

Compensation vs. Market: Espen's total compensation ($USD576.92K) is about average for companies of similar size in the German market ($USD216.74K).

Compensation vs Earnings: Espen's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

1.8yrs

Average Tenure

51yo

Average Age

Experienced Management: 95S's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

1.0yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 95S's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: 95S insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buykr32,76211 Sep 19
Øystein Engebretsen
EntityIndividual
Role
Vice Chairman
Vice Chairman
Shares37,500
Max Pricekr0.87
Buykr66,87106 Sep 19
Øystein Engebretsen
EntityIndividual
Role
Vice Chairman
Vice Chairman
Shares75,000
Max Pricekr0.89
Buykr11,09905 Sep 19
Øystein Engebretsen
EntityIndividual
Role
Vice Chairman
Vice Chairman
Shares12,500
Max Pricekr0.89
Buykr22,19805 Sep 19
Øystein Engebretsen
EntityIndividual
Role
Vice Chairman
Vice Chairman
Shares25,000
Max Pricekr0.89
Buykr88,48905 Sep 19
Øystein Engebretsen
EntityIndividual
Role
Vice Chairman
Vice Chairman
Shares100,000
Max Pricekr0.88
Buykr32,88427 Feb 19
Espen Husstad
EntityIndividual
Role
Chief Executive Officer
Chief Executive Officer
Shares40,963
Max Pricekr0.80
Buykr4,13927 Feb 19
Christoffer Rudbeck
EntityIndividual
Role
Member of the Board of Directors
Employee Representative Director
Shares5,129
Max Pricekr0.81

Ownership Breakdown


Management Team

  • Sigmund Romskoug (66yo)

    Senior Vice President and Managing Director of Vardia Agencies As

    • Tenure: 6.8yrs
    • Compensation: kr2.36m
  • Espen Husstad (51yo)

    Chief Executive Officer

    • Tenure: 4yrs
    • Compensation: kr5.30m
  • Bård Standal (45yo)

    Deputy Chief Executive Officer

    • Tenure: 0.5yrs
    • Compensation: kr3.32m
  • Pål Lauvrak (45yo)

    Chief Marketing Officer and Marketing Director

    • Tenure: 0yrs
    • Compensation: kr2.05m
  • Ingvild Gråberg

    Executive Vice President of Delivery

    • Tenure: 3yrs
    • Compensation: kr2.25m
  • Cathrine Christiansen

    Executive Vice President of Sales

    • Tenure: 1.8yrs
    • Compensation: kr2.98m
  • Linda Mulehamn

    Executive Vice President of Insight

    • Tenure: 1.8yrs
    • Compensation: kr1.51m
  • Terje Løyning

    Executive Vice President of Services

    • Tenure: 1.8yrs
    • Compensation: kr1.76m
  • Hans Madsen (51yo)

    Chief Financial Officer

    • Tenure: 0.5yrs
  • Anne Knudtzon

    Senior Vice President of Business Controlling & Investor Relations

    • Tenure: 0yrs

Board Members

  • Åge Korsvold (73yo)

    Chairman of the Board

    • Tenure: 8.5yrs
  • Ulf Spång (71yo)

    Director

    • Tenure: 3yrs
  • Ragnhild Wiborg (58yo)

    Director

    • Tenure: 3.8yrs
  • Øystein Engebretsen (39yo)

    Vice Chairman

    • Tenure: 0.3yrs
  • Benedicte Gedde-Dahl

    Employee Representative Director

    • Tenure: 1yrs
  • Christoffer Rudbeck

    Employee Representative Director

    • Tenure: 1yrs
  • Kari Moen

    Director

    • Tenure: 0.3yrs
  • Stephanie Kleipass

    Director

    • Tenure: 0.3yrs

Company Information

Insr Insurance Group ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Insr Insurance Group ASA
  • Ticker: 95S
  • Exchange: DB
  • Founded: 2009
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: kr1.203b
  • Listing Market Cap: kr117.610m
  • Shares outstanding: 148.17m
  • Website: https://www.insr.io

Number of Employees


Location

  • Insr Insurance Group ASA
  • Haakon VII’s Gate 2
  • Oslo
  • Oslo
  • 161
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INSROB (Oslo Bors)YesOrdinary SharesNONOKMay 2014
95SDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2014
INSROBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKMay 2014

Biography

Insr Insurance Group ASA, a non-life insurance company, focuses on property and casualty insurance for the retail, and small and medium sized enterprises in Norway. It serves customers through insurance ag ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:17
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.