GJENSIDIGE FORSIKRING ASA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 179.5 NOK | +1.07% |
|
+9.38% | -4.27% |
| Apr. 25 | Transcript : Gjensidige Forsikring ASA, Q1 2024 Earnings Call, Apr 25, 2024 | |
| Apr. 24 | Gjensidige Forsikring’s Board Approves Merger with Danish Subsidiary | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 92,119 | 95,698 | 106,992 | 96,091 | 93,741 | 89,744 | - | - |
| Enterprise Value (EV) 1 | 92,119 | 95,352 | 106,992 | 96,091 | 93,741 | 89,744 | 89,744 | 89,744 |
| P/E ratio | 14 x | 19.3 x | 15 x | 21.3 x | 23.1 x | 15.8 x | 14.3 x | 13.1 x |
| Yield | 3.93% | 5.12% | 3.6% | 4.29% | 4.67% | 5.18% | 5.69% | 5.96% |
| Capitalization / Revenue | 3.74 x | 3.52 x | 3.67 x | 3.05 x | 2.56 x | 2.28 x | 2.19 x | 2.11 x |
| EV / Revenue | 3.74 x | 3.52 x | 3.67 x | 3.05 x | 2.56 x | 2.28 x | 2.19 x | 2.11 x |
| EV / EBITDA | 11,500,260 x | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 3.52 x | 3.78 x | 4.25 x | 3.72 x | 3.87 x | 3.71 x | 3.42 x | 3.22 x |
| Nbr of stocks (in thousands) | 499,969 | 499,988 | 499,960 | 499,952 | 499,953 | 499,965 | - | - |
| Reference price 2 | 184.2 | 191.4 | 214.0 | 192.2 | 187.5 | 179.5 | 179.5 | 179.5 |
| Announcement Date | 1/22/20 | 1/22/21 | 1/26/22 | 1/25/23 | 1/24/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 24,650 | 27,160 | 29,136 | 31,552 | 36,625 | 39,447 | 41,000 | 42,600 |
| EBITDA | 8,010 | - | - | - | - | - | - | - |
| EBIT 1 | 4,036 | 5,076 | 5,718 | 5,856 | 4,401 | 5,700 | 7,632 | 8,480 |
| Operating Margin | 16.37% | 18.69% | 19.63% | 18.56% | 12.02% | 14.45% | 18.62% | 19.91% |
| Earnings before Tax (EBT) 1 | 7,754 | 6,342 | 8,799 | 5,824 | 5,552 | 7,254 | 8,147 | 8,794 |
| Net income 1 | 6,594 | 4,954 | 7,141 | 4,569 | 4,132 | 5,510 | 6,289 | 6,905 |
| Net margin | 26.75% | 18.24% | 24.51% | 14.48% | 11.28% | 13.97% | 15.34% | 16.21% |
| EPS 2 | 13.19 | 9.910 | 14.28 | 9.040 | 8.110 | 11.36 | 12.52 | 13.70 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 7.250 | 9.800 | 7.700 | 8.250 | 8.750 | 9.291 | 10.22 | 10.69 |
| Announcement Date | 1/22/20 | 1/22/21 | 1/26/22 | 1/25/23 | 1/24/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,516 | 7,472 | 7,575 | 7,774 | 8,047 | 8,156 | 8,650 | 9,066 | 9,392 | 9,517 | 9,599 | 9,789 | 10,060 | 10,122 | 10,190 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 1,804 | 1,347 | 1,025 | 1,748 | 1,909 | 1,174 | 1,115 | 1,509 | 1,111 | 673.7 | - | - | - | - | - |
| Operating Margin | 24% | 18.03% | 13.53% | 22.48% | 23.72% | 14.4% | 12.89% | 16.64% | 11.83% | 7.08% | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 2,022 | 2,850 | 1,506 | 1,138 | 1,486 | 1,694 | 1,492 | 1,334 | 1,120 | 1,606 | 1,076 | 2,272 | 2,219 | 1,902 | - |
| Net income 1 | 1,495 | 2,486 | 1,318 | 811.2 | 1,105 | 1,334 | 1,148 | 1,044 | 827 | 1,113 | 821.1 | 1,677 | 1,745 | 1,374 | 1,432 |
| Net margin | 19.89% | 33.28% | 17.4% | 10.43% | 13.73% | 16.36% | 13.27% | 11.52% | 8.81% | 11.7% | 8.55% | 17.13% | 17.35% | 13.57% | 14.05% |
| EPS 2 | 2.990 | 4.970 | 2.640 | 1.620 | 2.210 | 2.640 | 2.260 | 2.040 | 1.630 | 2.180 | 1.590 | 3.338 | 3.466 | 2.723 | 2.860 |
| Dividend per Share 2 | - | 7.700 | - | - | - | 8.250 | - | - | - | 8.750 | - | - | - | 9.250 | - |
| Announcement Date | 10/20/21 | 1/26/22 | 4/27/22 | 7/15/22 | 10/21/22 | 1/25/23 | 4/27/23 | 7/13/23 | 10/20/23 | 1/24/24 | 4/25/24 | - | - | - | - |
1NOK in Million2NOK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | 346 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 26.4% | 19.2% | 31% | 19.3% | 18.2% | 24% | 25% | 25.9% |
| ROA (Net income/ Total Assets) | 4.9% | 4.29% | 5.76% | 3.45% | 2.99% | 3.56% | 3.92% | 4.1% |
| Assets 1 | 134,584 | 115,360 | 123,977 | 132,429 | 138,183 | 154,917 | 160,397 | 168,567 |
| Book Value Per Share 2 | 52.40 | 50.60 | 50.40 | 51.70 | 48.50 | 48.40 | 52.40 | 55.70 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 1/22/20 | 1/22/21 | 1/26/22 | 1/25/23 | 1/24/24 | - | - | - |
1NOK in Million2NOK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
179.5
NOK
Average target price
187.4
NOK
Spread / Average Target
+4.41%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.27% | 8.13B | |
| +9.73% | 110B | |
| +8.61% | 99.66B | |
| +4.48% | 97.53B | |
| +0.07% | 69.25B | |
| +18.56% | 28.19B | |
| +10.29% | 19.64B | |
| -4.64% | 12.38B | |
| +8.95% | 10.98B | |
| +8.55% | 10.43B |
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- Financials Gjensidige Forsikring ASA
