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
|Historical stock prices|
|Current Share Price||kr91.20|
|52 Week High||kr41.65|
|52 Week Low||kr99.10|
|1 Month Change||0.22%|
|3 Month Change||4.83%|
|1 Year Change||98.26%|
|3 Year Change||68.27%|
|5 Year Change||17.68%|
|Change since IPO||1,420.00%|
Recent News & Updates
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...
|PROT||NO Insurance||NO Market|
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.
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
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
|PROT fundamental statistics|
Is PROT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PROT income statement (TTM)|
|Cost of Revenue||kr3.80b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 28, 2021
|Earnings per share (EPS)||17.89|
|Net Profit Margin||24.13%|
How did PROT perform over the long term?See historical performance and comparison
3.3%Current Dividend Yield
Is Protector 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: 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).
How is Protector Forsikring forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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%).
How has Protector Forsikring performed over the past 5 years?
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.
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.
What is Protector Forsikring current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sverre Bjerkeli (62 yo)
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.
Experienced Management: PROT's management team is considered experienced (2.7 years average tenure).
Experienced Board: PROT's board of directors are not considered experienced ( 2.7 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: PROT 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.
Protector Forsikring ASA's employee growth, exchange listings and data sources
- 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
- Protector Forsikring ASA
- Støperigata 2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 16:21|
|End of Day Share Price||2021/09/17 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.