Gjensidige Forsikring ASA operates as a general insurance company in Norway, Denmark, Sweden, Lithuania, Latvia, and Estonia. More Details
Established dividend payer with adequate balance sheet.
Share Price & News
How has Gjensidige Forsikring's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: XGJ has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: XGJ exceeded the German Insurance industry which returned -27.9% over the past year.
Return vs Market: XGJ exceeded the German Market which returned -7.4% over the past year.
Price Volatility Vs. Market
How volatile is Gjensidige Forsikring's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Gjensidige Forsikring undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: XGJ (€16.31) is trading below our estimate of fair value (€17.08)
Significantly Below Fair Value: XGJ is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: XGJ is poor value based on its PE Ratio (20.4x) compared to the DE Insurance industry average (9.4x).
PE vs Market: XGJ is good value based on its PE Ratio (20.4x) compared to the German market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: XGJ is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: XGJ is overvalued based on its PB Ratio (3.9x) compared to the DE Insurance industry average (0.9x).
How is Gjensidige Forsikring forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: XGJ's forecast earnings growth (8% per year) is above the savings rate (0.2%).
Earnings vs Market: XGJ's earnings (8% per year) are forecast to grow slower than the German market (26% per year).
High Growth Earnings: XGJ's earnings are forecast to grow, but not significantly.
Revenue vs Market: XGJ's revenue (3% per year) is forecast to grow slower than the German market (5.9% per year).
High Growth Revenue: XGJ's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: XGJ's Return on Equity is forecast to be low in 3 years time (19.9%).
How has Gjensidige Forsikring performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: XGJ has high quality earnings.
Growing Profit Margin: XGJ's current net profit margins (15.8%) are lower than last year (23.5%).
Past Earnings Growth Analysis
Earnings Trend: XGJ's earnings have grown by 4.2% per year over the past 5 years.
Accelerating Growth: XGJ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: XGJ had negative earnings growth (-29.5%) over the past year, making it difficult to compare to the Insurance industry average (-12.4%).
Return on Equity
High ROE: XGJ's Return on Equity (19%) is considered low.
How is Gjensidige Forsikring's financial position?
Financial Position Analysis
Short Term Liabilities: XGJ's short term assets (NOK49.8B) do not cover its short term liabilities (NOK51.7B).
Long Term Liabilities: XGJ's short term assets (NOK49.8B) exceed its long term liabilities (NOK39.7B).
Debt to Equity History and Analysis
Debt Level: XGJ's debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: XGJ's debt to equity ratio has reduced from 79.8% to 6.3% over the past 5 years.
Debt Coverage: XGJ's debt is well covered by operating cash flow (482.6%).
Interest Coverage: Insufficient data to determine if XGJ's interest payments on its debt are well covered by EBIT.
What is Gjensidige Forsikring current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: XGJ's dividend (3.95%) is higher than the bottom 25% of dividend payers in the German market (1.28%).
High Dividend: XGJ's dividend (3.95%) is in the top 25% of dividend payers in the German market (3.89%)
Stability and Growth of Payments
Stable Dividend: XGJ's dividend payments have been volatile in the past 10 years.
Growing Dividend: XGJ's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.6%), XGJ's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: XGJ's dividends in 3 years are forecast to be well covered by earnings (37.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Helge Baastad (60 yo)
Mr. Helge Leiro Baastad has been the Chief Executive Officer at Gjensidige Forsikring ASA since 2003. Mr. Baastad serves as Managing Director of Gjensidige Danmark. He serves as the Chairman of Supervisory ...
CEO Compensation Analysis
Compensation vs Market: Helge's total compensation ($USD1.03M) is below average for companies of similar size in the German market ($USD5.24M).
Compensation vs Earnings: Helge's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||17.75yrs||kr9.86m||0.013% |
|Executive VP of Finance & CFO||4yrs||kr5.48m||0.0035% |
|Executive Vice President of Organization & HR||2.58yrs||kr4.83m||0.0056% |
|Executive Vice President of Analytics||4.75yrs||kr4.79m||0.0047% |
|Executive Vice President of Communications & Shared Services||no data||kr3.78m||0.00099% |
|Executive Vice President of Denmark||8.83yrs||kr6.79m||0.0040% |
|Executive Vice President of Commercial||2.08yrs||kr4.16m||0.000050% |
|Executive Vice President of Sweden||2.08yrs||kr3.78m||0.00033% |
|Head of Investments||no data||no data||0.0029% |
|Accounting Director||no data||no data||0.0019% |
|Executive Vice President of Technology & Infrastructure||0.33yr||no data||no data|
|Head of Investor Relations||no data||no data||0.00011% |
Experienced Management: XGJ's management team is considered experienced (3.3 years average tenure).
|Independent Chairman of the Board||2.5yrs||kr698.80k||0.00030% |
|Independent Director||0.42yr||no data||no data|
|Independent Director||2.5yrs||kr407.50k||0.00030% |
|Independent Director||2.5yrs||kr365.80k||no data|
|Independent Director||0.42yr||kr4.78m||no data|
|Chairman of Supervisory Board||no data||kr198.70k||no data|
|Independent Director||3.5yrs||kr365.80k||0.00059% |
|Deputy Chairman of Supervisory Board||no data||kr34.60k||no data|
|Employee Representative Director||0.42yr||no data||no data|
|Independent Director||3.5yrs||kr333.00k||0.00044% |
|Director||0.42yr||no data||no data|
|Employee Representative Director||0.083yr||no data||no data|
Experienced Board: XGJ's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: XGJ insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Gjensidige Forsikring ASA's company bio, employee growth, exchange listings and data sources
- Name: Gjensidige Forsikring ASA
- Ticker: XGJ
- Exchange: DB
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: kr91.748b
- Listing Market Cap: kr8.235b
- Shares outstanding: 499.99m
- Website: https://www.gjensidige.no
Number of Employees
- Gjensidige Forsikring ASA
- Schweigaardsgate 21
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GJF||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Dec 2010|
|XGJ||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 2010|
|0OJC||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Dec 2010|
|GJNS.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Dec 2010|
|GJFO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Dec 2010|
|GJNS.Y||OTCPK (Pink Sheets LLC)||UNSPONSORD ADR||US||USD||Oct 2011|
Gjensidige Forsikring ASA operates as a general insurance company in Norway, Denmark, Sweden, Lithuania, Latvia, and Estonia. The company operates through six segments: General Insurance Private, General I ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/29 22:08|
|End of Day Share Price||2020/10/29 00:00|
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.