Storebrand ASA, through its subsidiaries, primarily provides insurance products and services in Norway and Sweden.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr78.98|
|52 Week High||kr46.39|
|52 Week Low||kr88.62|
|1 Month Change||0.48%|
|3 Month Change||0.97%|
|1 Year Change||54.86%|
|3 Year Change||7.22%|
|5 Year Change||101.79%|
|Change since IPO||56.40%|
Recent News & Updates
|STB||NO Insurance||NO Market|
Return vs Industry: STB exceeded the Norwegian Insurance industry which returned 18.5% over the past year.
Return vs Market: STB exceeded the Norwegian Market which returned 20.4% over the past year.
Stable Share Price: STB is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: STB's weekly volatility (3%) has been stable over the past year.
About the Company
Storebrand ASA, through its subsidiaries, primarily provides insurance products and services in Norway and Sweden. The company operates through four segments: Savings, Insurance, Guaranteed Pension, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products.
Is Storebrand undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: STB (NOK78.98) is trading below our estimate of fair value (NOK106.02)
Significantly Below Fair Value: STB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: STB is poor value based on its PE Ratio (11.3x) compared to the European Insurance industry average (11.1x).
PE vs Market: STB is good value based on its PE Ratio (11.3x) compared to the Norwegian market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: STB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: STB's PB Ratio (1x) is in line with the XE Insurance industry average.
How is Storebrand forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STB's earnings are forecast to decline over the next 3 years (-0.8% per year).
Earnings vs Market: STB's earnings are forecast to decline over the next 3 years (-0.8% per year).
High Growth Earnings: STB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: STB's revenue is expected to decline over the next 3 years (-50.4% per year).
High Growth Revenue: STB's revenue is forecast to decline over the next 3 years (-50.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: STB's Return on Equity is forecast to be low in 3 years time (6.8%).
How has Storebrand performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STB has high quality earnings.
Growing Profit Margin: STB's current net profit margins (2.7%) are lower than last year (2.9%).
Past Earnings Growth Analysis
Earnings Trend: STB's earnings have grown by 3.6% per year over the past 5 years.
Accelerating Growth: STB's earnings growth over the past year (76.6%) exceeds its 5-year average (3.6% per year).
Earnings vs Industry: STB earnings growth over the past year (76.6%) exceeded the Insurance industry 12.4%.
Return on Equity
High ROE: STB's Return on Equity (9.1%) is considered low.
How is Storebrand's financial position?
Financial Position Analysis
Short Term Liabilities: STB's short term assets (NOK17.7B) do not cover its short term liabilities (NOK33.2B).
Long Term Liabilities: STB's short term assets (NOK17.7B) do not cover its long term liabilities (NOK708.4B).
Debt to Equity History and Analysis
Debt Level: STB's debt to equity ratio (98%) is considered high.
Reducing Debt: STB's debt to equity ratio has increased from 91.9% to 98% over the past 5 years.
Debt Coverage: STB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: STB's interest payments on its debt are well covered by EBIT (5.4x coverage).
What is Storebrand current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: STB's dividend (4.11%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.81%).
High Dividend: STB's dividend (4.11%) is low compared to the top 25% of dividend payers in the Norwegian market (5.08%).
Stability and Growth of Payments
Stable Dividend: STB's dividend payments have been volatile in the past 10 years.
Growing Dividend: STB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.8%), STB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: STB's dividends in 3 years are forecast to be covered by earnings (67% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Odd Grefstad (56 yo)
Mr. Odd Arild Grefstad has been Chief Executive Officer of Storebrand ASA since June 1, 2012 and also served as its Managing Director. Mr. Grefstad served as the Chairman of the Board of Directors at Skage...
CEO Compensation Analysis
Compensation vs Market: Odd's total compensation ($USD1.04M) is about average for companies of similar size in the Norwegian market ($USD805.81K).
Compensation vs Earnings: Odd's compensation has been consistent with company performance over the past year.
Experienced Management: STB's management team is considered experienced (2.1 years average tenure).
Experienced Board: STB's board of directors are not considered experienced ( 2.5 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: STB 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.
Storebrand ASA's employee growth, exchange listings and data sources
- Name: Storebrand ASA
- Ticker: STB
- Exchange: OB
- Founded: 1767
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: kr36.803b
- Shares outstanding: 465.97m
- Website: https://www.storebrand.no
Number of Employees
- Storebrand ASA
- Professor Kohts vei 9
- P.O. Box 500
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.