Gjensidige Forsikring
Market Cap
US$10.2b
Last Updated
2020/08/07 23:49 UTC
Data Sources
Company Financials +
Executive Summary
Gjensidige Forsikring ASA operates as a general insurance company in Norway, Denmark, Sweden, Lithuania, Latvia, and Estonia.
Rewards
Risk Analysis
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.Y | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 0.5% | 3.0% |
| 30 Day | 4.1% | 6.5% | 6.0% |
| 90 Day | 16.0% | 12.4% | 16.4% |
| 1 Year | 10.4%10.4% | -12.5%-14.7% | 18.4%15.8% |
| 3 Year | 31.5%21.9% | 3.2%-4.5% | 44.8%35.4% |
| 5 Year | 60.5%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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 17.58yrs | kr9.86m | 0.013% NOK 1.3m | |
| Executive VP of Finance & CFO | 3.83yrs | kr5.48m | 0.0035% NOK 355.6k | |
| Executive Vice President of Organization & HR | 2.42yrs | kr4.83m | 0.0056% NOK 572.9k | |
| Executive Vice President of Analytics | 4.58yrs | kr4.79m | 0.0047% NOK 477.6k | |
| Executive Vice President of Communications & Shared Services | no data | kr3.78m | 0.00099% NOK 101.5k | |
| Executive Vice President of Denmark | 8.67yrs | kr6.79m | 0.0040% NOK 407.9k | |
| Executive Vice President of Commercial | 1.92yrs | kr4.16m | 0.000050% NOK 5.1k | |
| Executive Vice President of Sweden | 1.92yrs | kr3.78m | 0.00033% NOK 33.8k | |
| Head of Investments | no data | no data | 0.0029% NOK 294.1k | |
| Accounting Director | no data | no data | 0.0019% NOK 196.8k | |
| Executive Vice President of Technology & Infrastructure | 0.17yr | no data | no data | |
| Head of Investor Relations | no data | no data | 0.00011% 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Board | 2.33yrs | kr698.80k | 0.00030% NOK 30.7k | |
| Independent Director | 0.25yr | no data | no data | |
| Independent Director | 2.33yrs | kr407.50k | 0.00030% NOK 30.7k | |
| Independent Director | 2.33yrs | kr365.80k | no data | |
| Independent Director | 0.25yr | kr4.78m | no data | |
| Chairman of Supervisory Board | no data | kr198.70k | no data | |
| Independent Director | 3.33yrs | kr365.80k | 0.00059% NOK 60.5k | |
| Deputy Chairman of Supervisory Board | no data | kr34.60k | no data | |
| Employee Representative Director | 5.58yrs | kr365.80k | 0.00020% NOK 20.5k | |
| Employee Representative Director | 0.25yr | no data | no data | |
| Independent Director | 3.33yrs | kr333.00k | 0.00044% NOK 45.1k | |
| Director | 0.25yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GJF | OB (Oslo Bors) | Yes | Ordinary Shares | NO | NOK | Dec 2010 |
| XGJ | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2010 |
| 0OJC | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | NOK | Dec 2010 |
| GJNS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 2010 |
| GJFO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | NOK | Dec 2010 |
| GJNS.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/07 23:49 |
| End of Day Share Price | 2020/07/29 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.