Storebrand ASA, through its subsidiaries, primarily provides insurance products and services in Norway and Sweden.
Fair value with questionable track record.
Share Price & News
How has Storebrand's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: STB's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: STB underperformed the Norwegian Insurance industry which returned -20% over the past year.
Return vs Market: STB underperformed the Norwegian Market which returned -14.4% over the past year.
Price Volatility Vs. Market
How volatile is Storebrand's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWho Has Been Buying Storebrand ASA (OB:STB) Shares?
1 month ago | Simply Wall StHow Does Storebrand's (OB:STB) P/E Compare To Its Industry, After Its Big Share Price Gain?
2 months ago | Simply Wall StWhat Is Storebrand's (OB:STB) P/E Ratio After Its Share Price Tanked?
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 (NOK51.32) is trading below our estimate of fair value (NOK64.51)
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 (13x) compared to the Insurance industry average (9.2x).
PE vs Market: STB is poor value based on its PE Ratio (13x) compared to the Norwegian market (12x).
Price to Earnings Growth Ratio
PEG Ratio: STB is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: STB is good value based on its PB Ratio (0.7x) compared to the XE Insurance industry average (1x).
How is Storebrand forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STB's forecast earnings growth (6.4% per year) is above the savings rate (1.6%).
Earnings vs Market: STB's earnings (6.4% per year) are forecast to grow slower than the Norwegian market (35.3% per year).
High Growth Earnings: STB's earnings are forecast to grow, but not significantly.
Revenue vs Market: STB's revenue is expected to decline over the next 3 years (-35.6% per year).
High Growth Revenue: STB's revenue is forecast to decline over the next 3 years (-35.6% 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 (6.6%).
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 (4.4%) are lower than last year (6%).
Past Earnings Growth Analysis
Earnings Trend: STB's earnings have grown by 14.2% per year over the past 5 years.
Accelerating Growth: STB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: STB had negative earnings growth (-46.7%) over the past year, making it difficult to compare to the Insurance industry average (9.3%).
Return on Equity
High ROE: STB's Return on Equity (5.4%) is considered low.
How is Storebrand's financial position?
Financial Position Analysis
Short Term Liabilities: STB's short term assets (NOK28.1B) do not cover its short term liabilities (NOK39.2B).
Long Term Liabilities: STB's short term assets (NOK28.1B) do not cover its long term liabilities (NOK575.4B).
Debt to Equity History and Analysis
Debt Level: STB's debt to equity ratio (92.2%) is considered high.
Reducing Debt: STB's debt to equity ratio has increased from 91.4% to 92.2% 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 not well covered by EBIT (2.7x coverage).
What is Storebrand's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate STB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate STB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if STB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if STB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: STB is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of STB's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Odd Grefstad (54yo)
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 ($USD884.06K) is about average for companies of similar size in the Norwegian market ($USD868.34K).
Compensation vs Earnings: Odd's compensation has been consistent with company performance over the past year.
|Group Chief Executive Officer||8yrs||kr8.44m||0.042% NOK10.6m|
|Group Chief Financial Officer||9.25yrs||kr6.58m||0.026% NOK6.6m|
|Executive Vice President of Technology||0.83yr||kr2.94m||0.0034% NOK878.8k|
|Executive Vice President of Communications & Investor Relations - Storebrand||no data||kr3.10m||0.0045% NOK1.1m|
|Executive Vice President of People||0.83yr||kr3.45m||0.0047% NOK1.2m|
|Executive Vice President of Norwegian Retail Market||0.83yr||kr5.48m||0.020% NOK5.2m|
|Executive Vice President of Asset Management||4.75yrs||kr7.19m||0.022% NOK5.5m|
|Managing Director of Customer Service & Product||no data||kr5.58m||0.018% NOK4.6m|
|Executive Vice President of SPP Pension & Insurance AB||no data||kr6.78m||0.018% NOK4.6m|
|Executive Vice President of Digital & Innovation||0.83yr||kr3.04m||0.0035% NOK899.2k|
Experienced Management: STB's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
|Independent Chairman of the Board||3.17yrs||kr855.00k||0.0086% NOK2.2m|
|Chairman of the Board of Representatives||no data||no data||no data|
|Observer and Member of Board of Representatives||no data||no data||no data|
|Deputy Chairman of Board of Representatives||no data||no data||no data|
|Independent Director||5.08yrs||kr523.00k||0.0058% NOK1.5m|
|Independent Director||7.25yrs||kr392.00k||0.0033% NOK845.7k|
|Chairman of Nominating Committee||no data||no data||no data|
|Independent Director||5.75yrs||kr628.00k||0.0053% NOK1.4m|
|Independent Director||2.17yrs||kr438.00k||no data|
|Independent Director||1.17yrs||kr327.00k||0.00064% NOK163.0k|
Experienced Board: STB's board of directors are considered experienced (4.1 years average tenure).
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 company bio, 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: kr25.473b
- Shares outstanding: 467.39m
- Website: https://www.storebrand.no
Number of Employees
- Storebrand ASA
- Professor Kohts vei 9
- P.O. Box 500
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SRED.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|STB||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jan 1992|
|SKT||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|0NO0||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jan 1992|
|STBO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jan 1992|
|SRED.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Oct 2008|
Storebrand ASA, through its subsidiaries, primarily provides insurance products and services in Norway and Sweden. It operates through four segments: Savings, Guaranteed Pension, Insurance, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products. The Insurance segment provides health insurance, property and casualty insurance, personal risk products, employer’s liability insurance, and pension-related insurance products. The Guaranteed Pension segment offers long-term pension savings products, such as defined benefit pensions, paid-up policies, and individual capital and pension insurance products. The Other segment provides life insurance products; and loans. The company also offers securities, and banking and investment services. It serves private individuals, corporate and retail markets, companies, municipalities, and public sector. Storebrand ASA was founded in 1767 and is headquartered in Lysaker, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 11:47|
|End of Day Share Price||2020/06/04 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.