Storebrand Valuation
Is STB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
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 STB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: STB (NOK108.7) is trading below our estimate of fair value (NOK237.46)
Significantly Below Fair Value: STB is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for STB?
Other financial metrics that can be useful for relative valuation.
| What is STB's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | NOK 47.91b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.1x |
| Enterprise Value/EBITDA | 1.3x |
| PEG Ratio | 2.1x |
Price to Earnings Ratio vs Peers
How does STB's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 19.7x | ||
GJF Gjensidige Forsikring | 25.6x | 14.5% | NOK 95.4b |
PROT Protector Forsikring | 15.9x | 8.0% | NOK 21.3b |
2888 Shin Kong Financial Holding | 32.1x | 35.5% | NT$151.8b |
966 China Taiping Insurance Holdings | 5.3x | 11.7% | HK$28.8b |
STB Storebrand | 15x | 7.2% | NOK 47.9b |
Price-To-Earnings vs Peers: STB is good value based on its Price-To-Earnings Ratio (15x) compared to the peer average (19.7x).
Price to Earnings Ratio vs Industry
How does STB's PE Ratio compare vs other companies in the European Insurance Industry?
Price-To-Earnings vs Industry: STB is expensive based on its Price-To-Earnings Ratio (15x) compared to the European Insurance industry average (10.7x).
Price to Earnings Ratio vs Fair Ratio
What is STB'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 | 15x |
| Fair PE Ratio | 18.2x |
Price-To-Earnings vs Fair Ratio: STB is good value based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).
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 108.70 | NOK 113.11 +4.1% | 11.0% | NOK 127.00 | NOK 85.00 | n/a | 9 |
| Jun ’25 | NOK 113.40 | NOK 111.44 -1.7% | 10.5% | NOK 125.00 | NOK 85.00 | n/a | 9 |
| May ’25 | NOK 106.90 | NOK 111.44 +4.3% | 10.5% | NOK 125.00 | NOK 85.00 | n/a | 9 |
| Apr ’25 | NOK 100.00 | NOK 104.83 +4.8% | 9.0% | NOK 118.00 | NOK 85.00 | n/a | 9 |
| Mar ’25 | NOK 95.40 | NOK 104.83 +9.9% | 9.0% | NOK 118.00 | NOK 85.00 | n/a | 9 |
| Feb ’25 | NOK 95.02 | NOK 105.11 +10.6% | 9.3% | NOK 120.00 | NOK 85.00 | n/a | 9 |
| Jan ’25 | NOK 90.04 | NOK 103.56 +15.0% | 9.2% | NOK 119.00 | NOK 85.00 | n/a | 9 |
| Dec ’24 | NOK 95.10 | NOK 101.56 +6.8% | 8.5% | NOK 119.00 | NOK 85.00 | n/a | 9 |
| Nov ’24 | NOK 91.90 | NOK 100.00 +8.8% | 10.3% | NOK 115.00 | NOK 75.00 | n/a | 9 |
| Oct ’24 | NOK 87.16 | NOK 98.38 +12.9% | 10.0% | NOK 109.00 | NOK 75.00 | n/a | 8 |
| Sep ’24 | NOK 85.76 | NOK 98.38 +14.7% | 10.0% | NOK 109.00 | NOK 75.00 | n/a | 8 |
| Aug ’24 | NOK 88.38 | NOK 99.00 +12.0% | 9.9% | NOK 109.00 | NOK 75.00 | n/a | 8 |
| Jul ’24 | NOK 83.66 | NOK 99.00 +18.3% | 9.9% | NOK 109.00 | NOK 75.00 | n/a | 8 |
| Jun ’24 | NOK 80.64 | NOK 98.78 +22.5% | 9.3% | NOK 109.00 | NOK 75.00 | NOK 113.40 | 9 |
| May ’24 | NOK 82.04 | NOK 98.89 +20.5% | 9.5% | NOK 110.00 | NOK 75.00 | NOK 106.90 | 9 |
| Apr ’24 | NOK 80.32 | NOK 98.78 +23.0% | 9.3% | NOK 109.00 | NOK 75.00 | NOK 100.00 | 9 |
| Mar ’24 | NOK 87.12 | NOK 98.78 +13.4% | 9.3% | NOK 109.00 | NOK 75.00 | NOK 95.40 | 9 |
| Feb ’24 | NOK 86.86 | NOK 97.44 +12.2% | 9.7% | NOK 109.00 | NOK 75.00 | NOK 95.02 | 9 |
| Jan ’24 | NOK 85.40 | NOK 96.89 +13.5% | 9.8% | NOK 109.00 | NOK 75.00 | NOK 90.04 | 9 |
| Dec ’23 | NOK 88.06 | NOK 93.89 +6.6% | 9.6% | NOK 109.00 | NOK 75.00 | NOK 95.10 | 9 |
| Nov ’23 | NOK 81.24 | NOK 93.56 +15.2% | 9.1% | NOK 106.00 | NOK 75.00 | NOK 91.90 | 9 |
| Oct ’23 | NOK 75.46 | NOK 95.25 +26.2% | 8.9% | NOK 105.00 | NOK 75.00 | NOK 87.16 | 8 |
| Sep ’23 | NOK 79.54 | NOK 94.71 +19.1% | 9.5% | NOK 105.00 | NOK 75.00 | NOK 85.76 | 7 |
| Aug ’23 | NOK 80.12 | NOK 94.83 +18.4% | 10.2% | NOK 105.00 | NOK 75.00 | NOK 88.38 | 6 |
| Jul ’23 | NOK 70.32 | NOK 104.00 +47.9% | 4.6% | NOK 112.00 | NOK 100.00 | NOK 83.66 | 5 |
| Jun ’23 | NOK 83.40 | NOK 106.00 +27.1% | 3.4% | NOK 112.00 | NOK 101.00 | NOK 80.64 | 5 |
Analyst Forecast: Target price is less than 20% higher than the current share price.