Storebrand ASA, through its subsidiaries, primarily provides insurance products and services for private individuals, companies, municipalities, and public sector in Norway and Sweden.
Undervalued average dividend payer.
Share Price & News
How has Storebrand's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 0NO0's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 0NO0 underperformed the UK Insurance industry which returned -23.6% over the past year.
Return vs Market: 0NO0 underperformed the UK Market which returned -18.8% over the past year.
Price Volatility Vs. Market
How volatile is Storebrand's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Storebrand 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: 0NO0 (NOK40.3) is trading below our estimate of fair value (NOK107.41)
Significantly Below Fair Value: 0NO0 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 0NO0 is good value based on its PE Ratio (9.1x) compared to the Insurance industry average (13x).
PE vs Market: 0NO0 is good value based on its PE Ratio (9.1x) compared to the UK market (12.7x).
Price to Earnings Growth Ratio
PEG Ratio: 0NO0 is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: 0NO0 is good value based on its PB Ratio (0.6x) compared to the GB Insurance industry average (1.3x).
How is Storebrand forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 0NO0's forecast earnings growth (3.3% per year) is above the savings rate (0.5%).
Earnings vs Market: 0NO0's earnings (3.3% per year) are forecast to grow slower than the UK market (15.4% per year).
High Growth Earnings: 0NO0's earnings are forecast to grow, but not significantly.
Revenue vs Market: 0NO0's revenue is expected to decline over the next 3 years (-73.9% per year).
High Growth Revenue: 0NO0's revenue is forecast to decline over the next 3 years (-73.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 0NO0's Return on Equity is forecast to be low in 3 years time (7.8%).
How has Storebrand performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 0NO0 has high quality earnings.
Growing Profit Margin: 0NO0's current net profit margins (2.4%) are lower than last year (9.1%).
Past Earnings Growth Analysis
Earnings Trend: 0NO0's earnings have grown by 15.7% per year over the past 5 years.
Accelerating Growth: 0NO0's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 0NO0 had negative earnings growth (-43.9%) over the past year, making it difficult to compare to the Insurance industry average (4.5%).
Return on Equity
High ROE: 0NO0's Return on Equity (6.2%) is considered low.
How is Storebrand's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: 0NO0 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 0NO0's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: 0NO0's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if 0NO0 has a sufficient allowance for bad loans.
Low Risk Liabilities: 0NO0 reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if 0NO0 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 0NO0 has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if 0NO0 has an appropriate level of bad loans.
What is Storebrand's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 0NO0's dividend (8.1%) is higher than the bottom 25% of dividend payers in the UK market (2.65%).
High Dividend: 0NO0's dividend (8.1%) is in the top 25% of dividend payers in the UK market (7.27%)
Stability and Growth of Payments
Stable Dividend: 0NO0 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 0NO0's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (73.4%), 0NO0's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 0NO0's dividends in 3 years are forecast to be covered by earnings (87.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Odd Grefstad (54yo)
Mr. Odd Arild Grefstad has been Chief Executive Officer of Storebrand ASA since June 1, 2012 and also served as its Managing Director. Mr. Grefstad served as the Chairman of the Board of Directors at Skage ...
CEO Compensation Analysis
Compensation vs Market: Odd's total compensation ($USD787.00K) is below average for companies of similar size in the UK market ($USD1.85M).
Compensation vs Earnings: Odd's compensation has been consistent with company performance over the past year.
|Group Chief Executive Officer||7.75yrs||kr8.21m||0.041% NOK7.6m|
|Group Chief Financial Officer||9yrs||kr6.33m||0.026% NOK4.8m|
|Executive Vice President of Communications & Investor Relations - Storebrand||no data||kr2.94m||0.0044% NOK820.9k|
|Executive Vice President of Norwegian Retail Market||0.58yr||kr5.22m||0.020% NOK3.8m|
|Executive Vice President of Asset Management||4.5yrs||kr6.95m||0.021% NOK4.0m|
|Managing Director of Customer Service & Product||no data||kr5.27m||0.018% NOK3.4m|
|Executive Vice President of SPP Pension & Insurance AB||no data||kr6.12m||0.018% NOK3.3m|
|Executive Vice President of Technology||0.58yr||no data||0.0033% NOK625.9k|
|Head of Investor Relations||no data||no data||no data|
|Executive Vice President of People||0.58yr||no data||0.0046% NOK860.2k|
Experienced Management: 0NO0's management team is considered experienced (2.5 years average tenure).
|Chairman of the Board||2.92yrs||kr760.00k||0.0086% NOK1.6m|
|Chairman of the Board of Representatives||no data||no data||no data|
|Observer and Member of Board of Representatives||no data||no data||no data|
|Deputy Chairman of Board of Representatives||no data||no data||no data|
|Independent Director||4.83yrs||kr482.00k||0.0058% NOK1.1m|
|Independent Director||7yrs||kr340.00k||0.0027% NOK502.3k|
|Chairman of Nominating Committee||no data||no data||no data|
|Independent Director||5.5yrs||kr720.00k||0.0053% NOK1.0m|
|Independent Director||1.92yrs||kr290.00k||no data|
|Independent Director||0.92yr||no data||0.00064% NOK119.9k|
Experienced Board: 0NO0's board of directors are considered experienced (3.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 0NO0 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.
Storebrand ASA's company bio, employee growth, exchange listings and data sources
- Name: Storebrand ASA
- Ticker: 0NO0
- Exchange: LSE
- Founded: 1767
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: kr18.741b
- Shares outstanding: 467.01m
- Website: https://www.storebrand.no
Number of Employees
- Storebrand ASA
- Professor Kohts vei 9
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SRED.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|STB||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jan 1992|
|SKT||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|0NO0||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jan 1992|
|STBO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jan 1992|
|SRED.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Oct 2008|
Storebrand ASA, through its subsidiaries, primarily provides insurance products and services for private individuals, companies, municipalities, and public sector in Norway and Sweden. It operates through Savings, Insurance, Guaranteed Pension, and Other segments. The Savings segment offers pension saving products, including retirement, defined contribution pensions, asset management, and retail banking products for private individuals. The Insurance segment provides health insurance, property and casualty insurance, personal risk products, employer’s liability insurance, and pension-related insurance products to the corporate and retail markets. The Guaranteed Pension segment offers long-term pension savings products, such as retirement, defined benefit pensions, paid-up policies, and individual capital and pension insurance products. The Other segment provides life insurance products; and lending products to commercial enterprises. Storebrand ASA was founded in 1767 and is headquartered in Lysaker, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/27 21:36|
|End of Day Share Price||2020/03/27 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.