PROT

Protector ForsikringOB:PROT Stock Report

Market Cap

kr7.5b

7D

-2.5%

1Y

98.3%

Updated

18 Sep, 2021

Data

Company Financials +
PROT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health3/6
Dividends3/6

PROT Overview

Protector Forsikring ASA, a general insurance company, provides various insurance products to the commercial and public sectors, and the affinity insurance markets in Norway, Denmark, Sweden, the United Kingdom, and Finland.

Price History & Performance

Summary of all time highs, changes and price drops for Protector Forsikring
Historical stock prices
Current Share Pricekr91.20
52 Week Highkr41.65
52 Week Lowkr99.10
Beta1.56
1 Month Change0.22%
3 Month Change4.83%
1 Year Change98.26%
3 Year Change68.27%
5 Year Change17.68%
Change since IPO1,420.00%

Recent News & Updates

Sep 01
Here's Why I Think Protector Forsikring (OB:PROT) Might Deserve Your Attention Today

Here's Why I Think Protector Forsikring (OB:PROT) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

PROTNO InsuranceNO Market
7D-2.5%-0.6%-0.5%
1Y98.3%18.5%20.4%

Return vs Industry: PROT exceeded the Norwegian Insurance industry which returned 18.5% over the past year.

Return vs Market: PROT exceeded the Norwegian Market which returned 20.4% over the past year.

Price Volatility

Is PROT's price volatile compared to industry and market?
PROT volatility
PROT Beta1.56
Industry Beta1.12
Market Beta1

Stable Share Price: PROT is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PROT's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003428Sverre Bjerkelihttps://www.protectorforsikring.no

Protector Forsikring ASA, a general insurance company, provides various insurance products to the commercial and public sectors, and the affinity insurance markets in Norway, Denmark, Sweden, the United Kingdom, and Finland. The company sells its products to non-marine industries through insurance brokers. Protector Forsikring ASA was founded in 2003 and is headquartered in Oslo, Norway.

Protector Forsikring Fundamentals Summary

How do Protector Forsikring's earnings and revenue compare to its market cap?
PROT fundamental statistics
Market Capkr7.51b
Earnings (TTM)kr1.47b
Revenue (TTM)kr6.09b

5.1x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PROT income statement (TTM)
Revenuekr6.09b
Cost of Revenuekr3.80b
Gross Profitkr2.28b
Expenseskr815.99m
Earningskr1.47b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)17.89
Gross Margin37.54%
Net Profit Margin24.13%
Debt/Equity Ratio35.7%

How did PROT perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

17%

Payout Ratio

Valuation

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

5.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PROT (NOK91.2) is trading above our estimate of fair value (NOK43.76)

Significantly Below Fair Value: PROT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PROT is good value based on its PE Ratio (5.1x) compared to the European Insurance industry average (11.1x).

PE vs Market: PROT is good value based on its PE Ratio (5.1x) compared to the Norwegian market (13.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PROT is overvalued based on its PB Ratio (2.2x) compared to the XE Insurance industry average (1.1x).


Future Growth

How is Protector Forsikring forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-25.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PROT's earnings are forecast to decline over the next 3 years (-25% per year).

Earnings vs Market: PROT's earnings are forecast to decline over the next 3 years (-25% per year).

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

Revenue vs Market: PROT's revenue is expected to decline over the next 3 years (-2.4% per year).

High Growth Revenue: PROT's revenue is forecast to decline over the next 3 years (-2.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PROT's Return on Equity is forecast to be low in 3 years time (19.9%).


Past Performance

How has Protector Forsikring performed over the past 5 years?

16.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PROT has high quality earnings.

Growing Profit Margin: PROT's current net profit margins (24.1%) are higher than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: PROT's earnings have grown by 16.4% per year over the past 5 years.

Accelerating Growth: PROT's earnings growth over the past year (585.9%) exceeds its 5-year average (16.4% per year).

Earnings vs Industry: PROT earnings growth over the past year (585.9%) exceeded the Insurance industry 12.4%.


Return on Equity

High ROE: PROT's Return on Equity (42.2%) is considered outstanding.


Financial Health

How is Protector Forsikring's financial position?


Financial Position Analysis

Short Term Liabilities: PROT's short term assets (NOK6.6B) do not cover its short term liabilities (NOK14.7B).

Long Term Liabilities: PROT's short term assets (NOK6.6B) exceed its long term liabilities (NOK1.9B).


Debt to Equity History and Analysis

Debt Level: PROT's debt to equity ratio (35.7%) is considered satisfactory.

Reducing Debt: PROT's debt to equity ratio has increased from 31.6% to 35.7% over the past 5 years.

Debt Coverage: PROT's debt is well covered by operating cash flow (101.8%).

Interest Coverage: Insufficient data to determine if PROT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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

3.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PROT's dividend (3.29%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.81%).

High Dividend: PROT's dividend (3.29%) is low compared to the top 25% of dividend payers in the Norwegian market (5.08%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.8%), PROT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PROT's dividends in 3 years are not forecast to be well covered by earnings (95.2% payout ratio).


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Sverre Bjerkeli (62 yo)

15.67yrs

Tenure

kr9,294,000

Compensation

Mr. Sverre Bjerkeli serves as Chairman at B3 Consulting Group AB (publ) since 2021. He is the Founder of Protector Forsikring ASA and has been its Chief Executive Officer since 2006. He is Chairman of Boar...


CEO Compensation Analysis

Compensation vs Market: Sverre's total compensation ($USD1.07M) is above average for companies of similar size in the Norwegian market ($USD669.72K).

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


Leadership Team

Experienced Management: PROT's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: PROT's board of directors are not considered experienced ( 2.7 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: PROT 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

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


Key Information

  • Name: Protector Forsikring ASA
  • Ticker: PROT
  • Exchange: OB
  • Founded: 2003
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: kr7.512b
  • Shares outstanding: 82.36m
  • Website: https://www.protectorforsikring.no

Number of Employees


Location

  • Protector Forsikring ASA
  • Støperigata 2
  • Oslo
  • Oslo
  • 250
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 16:21
End of Day Share Price2021/09/17 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.