GJF Stock Overview
Gjensidige Forsikring ASA provides general insurance and pension products in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia.
Gjensidige Forsikring Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr187.00|
|52 Week High||kr230.80|
|52 Week Low||kr182.60|
|1 Month Change||-8.24%|
|3 Month Change||-10.95%|
|1 Year Change||-3.06%|
|3 Year Change||3.34%|
|5 Year Change||29.95%|
|Change since IPO||218.30%|
Recent News & Updates
Here's Why I Think Gjensidige Forsikring (OB:GJF) Might Deserve Your Attention Today
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
|GJF||NO Insurance||NO Market|
Return vs Industry: GJF exceeded the Norwegian Insurance industry which returned -12.7% over the past year.
Return vs Market: GJF exceeded the Norwegian Market which returned -5.4% over the past year.
|GJF Average Weekly Movement||3.1%|
|Insurance Industry Average Movement||3.8%|
|Market Average Movement||6.8%|
|10% most volatile stocks in NO Market||11.3%|
|10% least volatile stocks in NO Market||3.8%|
Stable Share Price: GJF is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: GJF's weekly volatility (3%) has been stable over the past year.
About the Company
Gjensidige Forsikring ASA provides general insurance and pension products 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, agriculture, natural perils, life, and pet insurance products.
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||kr20.97b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 21, 2022
|Earnings per share (EPS)||12.22|
|Net Profit Margin||18.37%|
How did GJF perform over the long term?See historical performance and comparison
4.1%Current Dividend Yield
Is GJF undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GJF?
Other financial metrics that can be useful for relative valuation.
|What is GJF's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does GJF's PE Ratio compare to its peers?
|GJF PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
PROT Protector Forsikring
BBSE3 BB Seguridade Participações
GJF Gjensidige Forsikring
Price-To-Earnings vs Peers: GJF is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (13.4x).
Price to Earnings Ratio vs Industry
How does GJF's PE Ratio compare vs other companies in the European Insurance Industry?
Price-To-Earnings vs Industry: GJF is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the European Insurance industry average (10x)
Price to Earnings Ratio vs Fair Ratio
What is GJF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||15.3x|
|Fair PE Ratio||13.9x|
Price-To-Earnings vs Fair Ratio: GJF is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).
Share Price vs Fair Value
What is the Fair Price of GJF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GJF (NOK187) is trading below our estimate of fair value (NOK315.05)
Significantly Below Fair Value: GJF is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Gjensidige Forsikring forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GJF's forecast earnings growth (6.4% per year) is above the savings rate (1.1%).
Earnings vs Market: GJF's earnings (6.4% per year) are forecast to grow faster than the Norwegian market (-2.9% per year).
High Growth Earnings: GJF's earnings are forecast to grow, but not significantly.
Revenue vs Market: GJF's revenue (2.9% per year) is forecast to grow faster than the Norwegian market (0.4% per year).
High Growth Revenue: GJF's revenue (2.9% 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 (22.9%)
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How has Gjensidige Forsikring performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GJF has high quality earnings.
Growing Profit Margin: GJF's current net profit margins (18.4%) are lower than last year (20.6%).
Past Earnings Growth Analysis
Earnings Trend: GJF's earnings have grown by 12.6% per year over the past 5 years.
Accelerating Growth: GJF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GJF had negative earnings growth (-8%) over the past year, making it difficult to compare to the Insurance industry average (-0.4%).
Return on Equity
High ROE: GJF's Return on Equity (25.9%) is considered high.
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How is Gjensidige Forsikring's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GJF's short term assets (NOK55.7B) exceed its short term liabilities (NOK55.5B).
Long Term Liabilities: GJF's short term assets (NOK55.7B) exceed its long term liabilities (NOK51.3B).
Debt to Equity History and Analysis
Debt Level: GJF has more cash than its total debt.
Reducing Debt: GJF's debt to equity ratio has reduced from 116% to 10.2% over the past 5 years.
Debt Coverage: GJF's debt is well covered by operating cash flow (206.6%).
Interest Coverage: GJF's interest payments on its debt are well covered by EBIT (26.2x coverage).
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What is Gjensidige Forsikring current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Gjensidige Forsikring Dividend Yield vs Market|
|Company (Gjensidige Forsikring)||4.1%|
|Market Bottom 25% (NO)||3.8%|
|Market Top 25% (NO)||8.0%|
|Industry Average (Insurance)||6.1%|
|Analyst forecast in 3 Years (Gjensidige Forsikring)||5.0%|
Notable Dividend: GJF's dividend (4.12%) is higher than the bottom 25% of dividend payers in the Norwegian market (3.8%).
High Dividend: GJF's dividend (4.12%) is low compared to the top 25% of dividend payers in the Norwegian market (7.95%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (63%), GJF's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (86.1%), GJF's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Helge Baastad (62 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
|Helge Baastad's Compensation vs Gjensidige Forsikring Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||kr10m||kr6m|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||kr10m||kr6m|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||kr10m||kr5m|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||kr9m||kr5m|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||kr9m||kr5m|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||kr9m||kr5m|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||kr9m||kr5m|
Compensation vs Market: Helge's total compensation ($USD962.11K) is about average for companies of similar size in the Norwegian market ($USD1.05M).
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 (4.1 years average tenure).
Experienced Board: GJF's board of directors are considered experienced (3.5 years average tenure).
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
|18 Jul 22||Buykr19,538,454||DNB Asset Management AS||Company||98,274||kr198.82|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
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
- Implied Market Cap: kr93.492b
- Shares outstanding: 499.96m
- 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)||UNSP ADR EA REPR 1 ORD SHS||US||USD||Oct 2011|
|XGJ0||DB (Deutsche Boerse AG)||UNSP ADR EA REPR 1 ORD SHS||DE||EUR||Oct 2011|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/02 00:00|
|End of Day Share Price||2022/09/30 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.