Protector Forsikring Valuation
Is PROT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of PROT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PROT (NOK281) is trading below our estimate of fair value (NOK739.23)
Significantly Below Fair Value: PROT is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PROT?
Key metric: As PROT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is PROT's PE Ratio? | |
|---|---|
| PE Ratio | 11.9x |
| Earnings | NOK 1.95b |
| Market Cap | NOK 23.16b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.1x |
| Enterprise Value/EBITDA | 9.5x |
| PEG Ratio | -5.6x |
Price to Earnings Ratio vs Peers
How does PROT's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 11.7x | ||
GJF Gjensidige Forsikring | 20.5x | 13.5% | NOK 100.5b |
STB Storebrand | 10.2x | -7.9% | NOK 52.1b |
6060 ZhongAn Online P & C Insurance | 4.3x | -53.5% | HK$17.8b |
CLIS Clal Insurance Enterprises Holdings | 11.9x | n/a | ₪6.7b |
PROT Protector Forsikring | 11.9x | -2.1% | NOK 23.2b |
Price-To-Earnings vs Peers: PROT is expensive based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (11.7x).
Price to Earnings Ratio vs Industry
How does PROT's PE Ratio compare vs other companies in the European Insurance Industry?
| 1 Company | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 1 Company | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: PROT is expensive based on its Price-To-Earnings Ratio (11.9x) compared to the European Insurance industry average (11.8x).
Price to Earnings Ratio vs Fair Ratio
What is PROT'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 11.9x |
| Fair PE Ratio | 11.5x |
Price-To-Earnings vs Fair Ratio: PROT is expensive based on its Price-To-Earnings Ratio (11.9x) compared to the estimated Fair Price-To-Earnings Ratio (11.5x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | NOK 281.00 | NOK 306.67 +9.1% | 13.7% | NOK 350.00 | NOK 250.00 | n/a | 3 |
| Dec ’25 | NOK 289.00 | NOK 306.67 +6.1% | 13.7% | NOK 350.00 | NOK 250.00 | n/a | 3 |
| Nov ’25 | NOK 289.00 | NOK 306.67 +6.1% | 13.7% | NOK 350.00 | NOK 250.00 | n/a | 3 |
| Oct ’25 | NOK 243.00 | NOK 270.00 +11.1% | 6.0% | NOK 290.00 | NOK 250.00 | n/a | 3 |
| Sep ’25 | NOK 226.50 | NOK 270.00 +19.2% | 6.0% | NOK 290.00 | NOK 250.00 | n/a | 3 |
| Aug ’25 | NOK 222.00 | NOK 270.00 +21.6% | 6.0% | NOK 290.00 | NOK 250.00 | n/a | 3 |
| Jul ’25 | NOK 255.00 | NOK 261.33 +2.5% | 4.0% | NOK 275.00 | NOK 250.00 | n/a | 3 |
| Jun ’25 | NOK 242.50 | NOK 259.67 +7.1% | 3.1% | NOK 270.00 | NOK 250.00 | n/a | 3 |
| May ’25 | NOK 226.00 | NOK 259.67 +14.9% | 3.1% | NOK 270.00 | NOK 250.00 | n/a | 3 |
| Apr ’25 | NOK 227.00 | NOK 251.67 +10.9% | 3.8% | NOK 264.00 | NOK 241.00 | n/a | 3 |
| Mar ’25 | NOK 214.50 | NOK 251.67 +17.3% | 3.8% | NOK 264.00 | NOK 241.00 | n/a | 3 |
| Feb ’25 | NOK 215.50 | NOK 240.00 +11.4% | 10.3% | NOK 264.00 | NOK 206.00 | n/a | 3 |
| Jan ’25 | NOK 180.00 | NOK 206.33 +14.6% | 2.6% | NOK 213.00 | NOK 200.00 | n/a | 3 |
| Dec ’24 | NOK 193.60 | NOK 206.33 +6.6% | 2.6% | NOK 213.00 | NOK 200.00 | NOK 289.00 | 3 |
| Nov ’24 | NOK 176.00 | NOK 206.33 +17.2% | 2.6% | NOK 213.00 | NOK 200.00 | NOK 289.00 | 3 |
| Oct ’24 | NOK 174.00 | NOK 202.00 +16.1% | 4.1% | NOK 213.00 | NOK 193.00 | NOK 243.00 | 3 |
| Sep ’24 | NOK 173.00 | NOK 202.00 +16.8% | 4.1% | NOK 213.00 | NOK 193.00 | NOK 226.50 | 3 |
| Aug ’24 | NOK 166.60 | NOK 202.00 +21.2% | 4.1% | NOK 213.00 | NOK 193.00 | NOK 222.00 | 3 |
| Jul ’24 | NOK 165.20 | NOK 199.33 +20.7% | 5.7% | NOK 213.00 | NOK 185.00 | NOK 255.00 | 3 |
| Jun ’24 | NOK 169.60 | NOK 196.67 +16.0% | 4.3% | NOK 205.00 | NOK 185.00 | NOK 242.50 | 3 |
| May ’24 | NOK 155.00 | NOK 185.33 +19.6% | 7.5% | NOK 205.00 | NOK 175.00 | NOK 226.00 | 3 |
| Apr ’24 | NOK 139.00 | NOK 181.67 +30.7% | 3.4% | NOK 190.00 | NOK 175.00 | NOK 227.00 | 3 |
| Mar ’24 | NOK 147.00 | NOK 177.50 +20.7% | 1.4% | NOK 180.00 | NOK 175.00 | NOK 214.50 | 2 |
| Jan ’24 | NOK 125.80 | NOK 156.00 +24.0% | 3.8% | NOK 162.00 | NOK 150.00 | NOK 180.00 | 2 |
| Dec ’23 | NOK 122.80 | NOK 156.00 +27.0% | 3.8% | NOK 162.00 | NOK 150.00 | NOK 193.60 | 2 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:04 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Protector Forsikring ASA is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gianandrea Roberti | Carnegie Investment Bank AB |
| Håkon Astrup | DNB Markets |
| Kimmo Rämä | Handelsbanken Capital Markets |