Gjensidige Forsikring ASA operates as a general insurance company in Norway, Denmark, Sweden, Lithuania, Latvia, and Estonia.
Outstanding track record 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: GJF has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: GJF exceeded the Norwegian Insurance industry which returned -26.1% over the past year.
Return vs Market: GJF exceeded the Norwegian Market which returned -24.1% 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
1 week ago | Simply Wall StIs Gjensidige Forsikring ASA's (OB:GJF) High P/E Ratio A Problem For Investors?
3 weeks ago | Simply Wall StCan You Imagine How Gjensidige Forsikring's (OB:GJF) Shareholders Feel About The 20% Share Price Increase?
1 month ago | Simply Wall StCan Gjensidige Forsikring ASA (OB:GJF) Maintain Its Strong Returns?
Is Gjensidige Forsikring undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GJF (NOK177.9) is trading above our estimate of fair value (NOK171.5)
Significantly Below Fair Value: GJF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GJF is poor value based on its PE Ratio (13.6x) compared to the Insurance industry average (9x).
PE vs Market: GJF is poor value based on its PE Ratio (13.6x) compared to the Norwegian market (10.4x).
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 (3.4x) compared to the XE 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: GJF's earnings are forecast to decline over the next 3 years (-10.4% per year).
Earnings vs Market: GJF's earnings are forecast to decline over the next 3 years (-10.4% per year).
High Growth Earnings: GJF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GJF's revenue is expected to decline over the next 3 years (-2.1% per year).
High Growth Revenue: GJF's revenue is forecast to decline over the next 3 years (-2.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GJF's Return on Equity is forecast to be low in 3 years time (19.7%).
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 (22.3%) are higher than last year (13.2%).
Past Earnings Growth Analysis
Earnings Trend: GJF's earnings have grown by 7.1% per year over the past 5 years.
Accelerating Growth: GJF's earnings growth over the past year (93.8%) exceeds its 5-year average (7.1% per year).
Earnings vs Industry: GJF earnings growth over the past year (93.8%) exceeded the Insurance industry 11.4%.
Return on Equity
High ROE: GJF's Return on Equity (25%) is considered high.
How is Gjensidige Forsikring's financial position?
Financial Position Analysis
Short Term Liabilities: GJF's short term assets (NOK50.3B) exceed its short term liabilities (NOK49.8B).
Long Term Liabilities: GJF's short term assets (NOK50.3B) exceed its long term liabilities (NOK36.4B).
Debt to Equity History and Analysis
Debt Level: GJF's debt to equity ratio (5.7%) is considered satisfactory.
Reducing Debt: GJF's debt to equity ratio has reduced from 54.3% to 5.7% over the past 5 years.
Debt Coverage: GJF's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if GJF's interest payments on its debt are well covered by EBIT.
What is Gjensidige Forsikring's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GJF's dividend (4.08%) is higher than the bottom 25% of dividend payers in the Norwegian market (3.73%).
High Dividend: GJF's dividend (4.08%) is low compared to the top 25% of dividend payers in the Norwegian market (8.02%).
Stability and Growth of Payments
Stable Dividend: GJF has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GJF'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 (55.3%), 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 (89.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Helge Baastad (59yo)
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 ($USD962.65K) is about average for companies of similar size in the Norwegian market ($USD930.44K).
Compensation vs Earnings: Helge's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||17.25yrs||kr9.86m||0.013% NOK11.7m|
|Executive VP of Finance & CFO||3.5yrs||kr5.48m||0.0034% NOK3.1m|
|Executive Vice President of Technology & Infrastructure||5.25yrs||kr4.98m||0.0036% NOK3.3m|
|Executive Vice President of Organization||2.08yrs||kr4.83m||0.0056% NOK5.0m|
|Executive Vice President of Analytics||4.25yrs||kr4.79m||0.0046% NOK4.2m|
|Executive Vice President of Private||8.83yrs||kr4.94m||0.0036% NOK3.3m|
|Executive Vice President of Communications & Shared Services||no data||kr3.78m||0.00096% NOK868.8k|
|Executive Vice President of Denmark||8.33yrs||kr6.79m||0.0039% NOK3.6m|
|Executive Vice President of Commercial||1.58yrs||kr4.16m||0.000030% NOK27.1k|
|Executive Vice President of Sweden||1.58yrs||kr3.78m||0.00032% NOK289.6k|
Experienced Management: GJF's management team is considered experienced (4.3 years average tenure).
|Independent Chairman of the Board||2yrs||kr698.80k||0.00030% NOK271.5k|
|Employee Representative Director||13.25yrs||kr396.00k||0.00046% NOK416.3k|
|Chairman of Supervisory Board||no data||kr198.70k||no data|
|Independent Director||9.25yrs||kr452.70k||0.0021% NOK1.9m|
|Independent Director||3yrs||kr365.80k||0.00059% NOK533.9k|
|Deputy Chairman of Supervisory Board||no data||kr34.60k||no data|
|Employee Representative Director||5.25yrs||kr365.80k||0.00018% NOK162.9k|
|Employee Representative Director||3.58yrs||kr326.20k||no data|
|Independent Director||3yrs||kr333.00k||0.00044% NOK398.2k|
Experienced Board: GJF's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GJF 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: GJF
- Exchange: OB
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: kr90.499b
- 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 Insurance Commercial, General Insurance Denmark, General Insurance Sweden, General Insurance Baltics, and Pension. It offers various insurance products, including motor vehicles, property, leisure boats, and accident and health insurance products, as well as insurance products in the areas of liability, commercial, municipality, and agriculture, coastal and marine/transport, and defined contribution scheme; travel; and life and pet insurance products. The company also provides pension and savings products comprising occupational pensions, private pension savings, spouse/cohabitant pension, child’s pension, and individual disability pensions. It distributes its products through its distribution network, as well as through agents, partnerships, brokers, telephone, digital solutions, and sales offices to private and commercial customers. The company is headquartered in Oslo, Norway. Gjensidige Forsikring ASA is a subsidiary of Gjensidigestiftelsen.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/10 03:56|
|End of Day Share Price||2020/04/08 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.