Gjensidige Forsikring ASA operates as a general insurance company in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia.
Gjensidige Forsikring Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr196.65|
|52 Week High||kr180.20|
|52 Week Low||kr213.60|
|1 Month Change||-6.13%|
|3 Month Change||1.39%|
|1 Year Change||4.32%|
|3 Year Change||43.33%|
|5 Year Change||31.80%|
|Change since IPO||234.72%|
Recent News & Updates
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...
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...
|GJF||NO Insurance||NO Market|
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.
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
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
|GJF fundamental statistics|
Is GJF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GJF income statement (TTM)|
|Cost of Revenue||kr19.45b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 20, 2021
|Earnings per share (EPS)||13.28|
|Net Profit Margin||20.60%|
How did GJF perform over the long term?See historical performance and comparison
3.8%Current Dividend Yield
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: 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).
How is Gjensidige Forsikring forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
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%)
How has Gjensidige Forsikring performed over the past 5 years?
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.
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).
What is Gjensidige Forsikring current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Helge Baastad (61 yo)
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.
Experienced Management: GJF's management team is considered experienced (3 years average tenure).
Experienced Board: GJF's board of directors are not considered experienced ( 2.4 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: Insufficient data to determine if 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 employee growth, exchange listings and data sources
- 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
- Gjensidige Forsikring ASA
- Schweigaardsgate 21
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/25 16:20|
|End of Day Share Price||2021/09/24 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.