OTCPK:GJNS.Y

Stock Analysis Report

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Executive Summary

Gjensidige Forsikring ASA operates as a general insurance company in Norway, Denmark, Sweden, Lithuania, Latvia, and Estonia.


Snowflake Analysis

Excellent balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Gjensidige Forsikring's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GJNS.Y has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

GJNS.Y

0.5%

US Insurance

3.0%

US Market


1 Year Return

10.4%

GJNS.Y

-14.7%

US Insurance

15.8%

US Market

Return vs Industry: GJNS.Y exceeded the US Insurance industry which returned -14.7% over the past year.

Return vs Market: GJNS.Y underperformed the US Market which returned 15.8% over the past year.


Shareholder returns

GJNS.YIndustryMarket
7 Day0%0.5%3.0%
30 Day4.1%6.5%6.0%
90 Day16.0%12.4%16.4%
1 Year10.4%10.4%-12.5%-14.7%18.4%15.8%
3 Year31.5%21.9%3.2%-4.5%44.8%35.4%
5 Year60.5%33.1%32.6%15.9%75.7%56.7%

Price Volatility Vs. Market

How volatile is Gjensidige Forsikring's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Gjensidige Forsikring undervalued compared to its fair value and its price relative to the market?

23.53x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GJNS.Y ($20.77) is trading above our estimate of fair value ($16.03)

Significantly Below Fair Value: GJNS.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GJNS.Y is poor value based on its PE Ratio (23.5x) compared to the US Insurance industry average (14.5x).

PE vs Market: GJNS.Y is poor value based on its PE Ratio (23.5x) compared to the US market (18.8x).


Price to Earnings Growth Ratio

PEG Ratio: GJNS.Y is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: GJNS.Y is overvalued based on its PB Ratio (3.3x) compared to the US Insurance industry average (0.9x).


Next Steps

Future Growth

How is Gjensidige Forsikring forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

11.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GJNS.Y's forecast earnings growth (11.6% per year) is above the savings rate (2.2%).

Earnings vs Market: GJNS.Y's earnings (11.6% per year) are forecast to grow slower than the US market (22.9% per year).

High Growth Earnings: GJNS.Y's earnings are forecast to grow, but not significantly.

Revenue vs Market: GJNS.Y's revenue (3.1% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: GJNS.Y's revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GJNS.Y's Return on Equity is forecast to be low in 3 years time (17.9%).


Next Steps

Past Performance

How has Gjensidige Forsikring performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GJNS.Y has high quality earnings.

Growing Profit Margin: GJNS.Y's current net profit margins (14.3%) are lower than last year (22.7%).


Past Earnings Growth Analysis

Earnings Trend: GJNS.Y's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: GJNS.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GJNS.Y had negative earnings growth (-36.3%) over the past year, making it difficult to compare to the Insurance industry average (-4%).


Return on Equity

High ROE: GJNS.Y's Return on Equity (14%) is considered low.


Next Steps

Financial Health

How is Gjensidige Forsikring's financial position?


Financial Position Analysis

Short Term Liabilities: GJNS.Y's short term assets (NOK55.6B) exceed its short term liabilities (NOK52.2B).

Long Term Liabilities: GJNS.Y's short term assets (NOK55.6B) exceed its long term liabilities (NOK38.5B).


Debt to Equity History and Analysis

Debt Level: GJNS.Y's debt to equity ratio (5.3%) is considered satisfactory.

Reducing Debt: GJNS.Y's debt to equity ratio has reduced from 72% to 5.3% over the past 5 years.

Debt Coverage: GJNS.Y's debt is well covered by operating cash flow (117.5%).

Interest Coverage: Insufficient data to determine if GJNS.Y's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Gjensidige Forsikring current dividend yield, its reliability and sustainability?

4.68%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GJNS.Y's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GJNS.Y'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 GJNS.Y's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GJNS.Y's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: GJNS.Y is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GJNS.Y's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Helge Baastad (60 yo)

17.58yrs

Tenure

kr9,861,000

Compensation

Mr. Helge Leiro Baastad has been the Chief Executive Officer at Gjensidige Forsikring ASA since 2003. Mr. Baastad serves as Managing Director of Gjensidige Danmark. He serves as the Chairman of Supervisory ...


CEO Compensation Analysis

Compensation vs Market: Helge's total compensation ($USD1.09M) is below average for companies of similar size in the US market ($USD11.30M).

Compensation vs Earnings: Helge's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Helge Baastad
Chief Executive Officer17.58yrskr9.86m0.013%
NOK 1.3m
Jostein Amdal
Executive VP of Finance & CFO3.83yrskr5.48m0.0035%
NOK 355.6k
Jørgen Ringdal
Executive Vice President of Organization & HR2.42yrskr4.83m0.0056%
NOK 572.9k
Catharina Hellerud
Executive Vice President of Analytics4.58yrskr4.79m0.0047%
NOK 477.6k
Janne Flessum
Executive Vice President of Communications & Shared Servicesno datakr3.78m0.00099%
NOK 101.5k
Mats Gottschalk
Executive Vice President of Denmark8.67yrskr6.79m0.0040%
NOK 407.9k
Lars Bjerklund
Executive Vice President of Commercial1.92yrskr4.16m0.000050%
NOK 5.1k
Aysegül Cin
Executive Vice President of Sweden1.92yrskr3.78m0.00033%
NOK 33.8k
Erik Ranberg
Head of Investmentsno datano data0.0029%
NOK 294.1k
Karen Christoffersen
Accounting Directorno datano data0.0019%
NOK 196.8k
Tor Silset
Executive Vice President of Technology & Infrastructure0.17yrno datano data
Mitra Negård
Head of Investor Relationsno datano data0.00011%
NOK 11.3k

3.1yrs

Average Tenure

50.5yo

Average Age

Experienced Management: GJNS.Y's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gisele Marchand
Independent Chairman of the Board2.33yrskr698.80k0.00030%
NOK 30.7k
Gunnar Sellæg
Independent Director0.25yrno datano data
Vibeke Krag
Independent Director2.33yrskr407.50k0.00030%
NOK 30.7k
Terje Seljeseth
Independent Director2.33yrskr365.80kno data
Tor Lønnum
Independent Director0.25yrkr4.78mno data
Bjørn Iversen
Chairman of Supervisory Boardno datakr198.70kno data
Hilde Nafstad
Independent Director3.33yrskr365.80k0.00059%
NOK 60.5k
Christina Stray
Deputy Chairman of Supervisory Boardno datakr34.60kno data
Lotte Kronholm Sjøberg
Employee Representative Director5.58yrskr365.80k0.00020%
NOK 20.5k
Ellen Enger
Employee Representative Director0.25yrno datano data
Eivind Elnan
Independent Director3.33yrskr333.00k0.00044%
NOK 45.1k
Ruben Pettersen
Director0.25yrno datano data

2.3yrs

Average Tenure

57yo

Average Age

Experienced Board: GJNS.Y's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gjensidige Forsikring ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gjensidige Forsikring ASA
  • Ticker: GJNS.Y
  • Exchange: OTCPK
  • Founded:
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: kr92.698b
  • Listing Market Cap: kr10.248b
  • Shares outstanding: 499.99m
  • Website: https://www.gjensidige.no

Number of Employees


Location

  • Gjensidige Forsikring ASA
  • Schweigaardsgate 21
  • Oslo
  • Oslo
  • 191
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GJFOB (Oslo Bors)YesOrdinary SharesNONOKDec 2010
XGJDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2010
0OJCLSE (London Stock Exchange)YesOrdinary SharesGBNOKDec 2010
GJNS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2010
GJFOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKDec 2010
GJNS.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2011

Biography

Gjensidige Forsikring ASA operates as a general insurance company in Norway, Denmark, Sweden, Lithuania, Latvia, and Estonia. The company operates through six segments: General Insurance Private, General I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 23:49
End of Day Share Price2020/07/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.