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GJF

Gjensidige ForsikringOB:GJF Stock Report

Market Cap

kr98.3b

7D

-0.5%

1Y

4.3%

Updated

25 Sep, 2021

Data

Company Financials +
GJF fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance6/6
Financial Health5/6
Dividends4/6

GJF Overview

Gjensidige Forsikring ASA operates as a general insurance company in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia.

Gjensidige Forsikring Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gjensidige Forsikring
Historical stock prices
Current Share Pricekr196.65
52 Week Highkr180.20
52 Week Lowkr213.60
Beta0.28
1 Month Change-6.13%
3 Month Change1.39%
1 Year Change4.32%
3 Year Change43.33%
5 Year Change31.80%
Change since IPO234.72%

Recent News & Updates

Aug 24
Is Now The Time To Put Gjensidige Forsikring (OB:GJF) On Your Watchlist?

Is Now The Time To Put Gjensidige Forsikring (OB:GJF) On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

May 16
With EPS Growth And More, Gjensidige Forsikring (OB:GJF) Is Interesting

With EPS Growth And More, Gjensidige Forsikring (OB:GJF) Is Interesting

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

GJFNO InsuranceNO Market
7D-0.5%-0.4%1.2%
1Y4.3%26.7%26.4%

Return vs Industry: GJF underperformed the Norwegian Insurance industry which returned 26.7% over the past year.

Return vs Market: GJF underperformed the Norwegian Market which returned 26.4% over the past year.

Price Volatility

Is GJF's price volatile compared to industry and market?
GJF volatility
GJF Beta0.28
Industry Beta1.12
Market Beta1

Stable Share Price: GJF is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: GJF's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18163,699Helge Baastadhttps://www.gjensidige.no

Gjensidige Forsikring ASA operates as a general insurance company in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia. The company operates through six segments: General Insurance Private, General Insurance Commercial, General Insurance Denmark, General Insurance Sweden, General Insurance Baltics, and Pension. It offers motor, home, accident and health, travel, leisure craft, boat, valuables, liability, commercial, marine/transport, natural perils, life, and pet insurance products, as well as insurance for farmed animals and plant cultures.

Gjensidige Forsikring Fundamentals Summary

How do Gjensidige Forsikring's earnings and revenue compare to its market cap?
GJF fundamental statistics
Market Capkr98.32b
Earnings (TTM)kr6.64b
Revenue (TTM)kr32.24b

14.8x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GJF income statement (TTM)
Revenuekr32.24b
Cost of Revenuekr19.45b
Gross Profitkr12.78b
Expenseskr6.14b
Earningskr6.64b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 20, 2021

Earnings per share (EPS)13.28
Gross Margin39.65%
Net Profit Margin20.60%
Debt/Equity Ratio9.7%

How did GJF perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

56%

Payout Ratio

Valuation

Is Gjensidige Forsikring undervalued compared to its fair value and its price relative to the market?

23.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GJF (NOK196.65) is trading below our estimate of fair value (NOK257.32)

Significantly Below Fair Value: GJF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GJF is poor value based on its PE Ratio (14.8x) compared to the European Insurance industry average (10.9x).

PE vs Market: GJF is poor value based on its PE Ratio (14.8x) compared to the Norwegian market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: GJF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: GJF is overvalued based on its PB Ratio (4x) compared to the XE Insurance industry average (1.1x).


Future Growth

How is Gjensidige Forsikring forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-4.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GJF's earnings are forecast to decline over the next 3 years (-4.1% per year).

Earnings vs Market: GJF's earnings are forecast to decline over the next 3 years (-4.1% per year).

High Growth Earnings: GJF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GJF's revenue (2.4% per year) is forecast to grow slower than the Norwegian market (5.6% per year).

High Growth Revenue: GJF's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GJF's Return on Equity is forecast to be high in 3 years time (20.8%)


Past Performance

How has Gjensidige Forsikring performed over the past 5 years?

6.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GJF has high quality earnings.

Growing Profit Margin: GJF's current net profit margins (20.6%) are higher than last year (14.2%).


Past Earnings Growth Analysis

Earnings Trend: GJF's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: GJF's earnings growth over the past year (68.6%) exceeds its 5-year average (6.9% per year).

Earnings vs Industry: GJF earnings growth over the past year (68.6%) exceeded the Insurance industry 11.7%.


Return on Equity

High ROE: GJF's Return on Equity (27%) is considered high.


Financial Health

How is Gjensidige Forsikring's financial position?


Financial Position Analysis

Short Term Liabilities: GJF's short term assets (NOK52.6B) do not cover its short term liabilities (NOK53.7B).

Long Term Liabilities: GJF's short term assets (NOK52.6B) exceed its long term liabilities (NOK48.2B).


Debt to Equity History and Analysis

Debt Level: GJF's debt to equity ratio (9.7%) is considered satisfactory.

Reducing Debt: GJF's debt to equity ratio has reduced from 98.5% to 9.7% over the past 5 years.

Debt Coverage: GJF's debt is well covered by operating cash flow (413.7%).

Interest Coverage: GJF's interest payments on its debt are well covered by EBIT (36x coverage).


Balance Sheet


Dividend

What is Gjensidige Forsikring current dividend yield, its reliability and sustainability?

3.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GJF's dividend (3.76%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.84%).

High Dividend: GJF's dividend (3.76%) is low compared to the top 25% of dividend payers in the Norwegian market (5.16%).


Stability and Growth of Payments

Stable Dividend: GJF's dividend payments have been volatile in the past 10 years.

Growing Dividend: GJF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.7%), GJF's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GJF's dividends in 3 years are forecast to be covered by earnings (84.4% payout ratio).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Helge Baastad (61 yo)

18.67yrs

Tenure

kr10,419,600

Compensation

Mr. Helge Leiro Baastad has been the Chief Executive Officer at Gjensidige Forsikring ASA since 2003 and joined in 1998 as manager of the private market. Mr. Baastad serves as Managing Director of Gjensidi...


CEO Compensation Analysis

Compensation vs Market: Helge's total compensation ($USD1.21M) is about average for companies of similar size in the Norwegian market ($USD1.37M).

Compensation vs Earnings: Helge's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GJF's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: GJF's board of directors are not considered experienced ( 2.4 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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gjensidige Forsikring ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Gjensidige Forsikring ASA
  • Ticker: GJF
  • Exchange: OB
  • Founded: 1816
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: kr98.319b
  • Shares outstanding: 499.97m
  • Website: https://www.gjensidige.no

Number of Employees


Location

  • Gjensidige Forsikring ASA
  • Schweigaardsgate 21
  • Oslo
  • Oslo
  • 191
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 16:20
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.