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Protector Forsikring

OB:PROTCT
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PROTCT
OB
NOK2B
Market Cap
  1. Home
  2. NO
  3. Insurance
Company description

Protector Forsikring ASA, a general insurance company, provides various insurance products to the commercial and public sectors, and the affinity insurance markets in Norway, Sweden, Denmark, the United Kingdom, and Finland. The last earnings update was 20 days ago. More info.


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  • Protector Forsikring has significant price volatility in the past 3 months.
PROTCT Share Price and Events
7 Day Returns
3.4%
OB:PROTCT
17%
Europe Insurance
8.1%
NO Market
1 Year Returns
-56.8%
OB:PROTCT
-24.6%
Europe Insurance
-27.6%
NO Market
PROTCT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Protector Forsikring (PROTCT) 3.4% -31% -54.7% -56.8% -65.8% -65.2%
Europe Insurance 17% -21.1% -30.1% -24.6% -18.8% -23.1%
NO Market 8.1% -18.1% -27.5% -27.6% -15% -10.7%
1 Year Return vs Industry and Market
  • PROTCT underperformed the Insurance industry which returned -24.6% over the past year.
  • PROTCT underperformed the Market in Norway which returned -27.6% over the past year.
Price Volatility
PROTCT
Industry
5yr Volatility vs Market

PROTCT Value

 Is Protector Forsikring undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Protector Forsikring to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Protector Forsikring.

OB:PROTCT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= NOK34.86 * 9.8%
NOK3.43
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. NOK34.86
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year NO Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:PROTCT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 5.4%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.62 (1 + (1- 23%) (63.93%))
0.949
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.65% + (0.949 * 5.44%)
5.82%

Discounted Cash Flow Calculation for OB:PROTCT using Excess Returns Model Model

The calculations below outline how an intrinsic value for Protector Forsikring is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OB:PROTCT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.8% – 5.82%) * NOK34.86)
NOK1.40
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NOK1.40 / (5.82% - 0.65%)
NOK27.09
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NOK34.86 + NOK27.09
NOK61.95
OB:PROTCT Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK61.95
Current discount Discount to share price of NOK23.78
= -1 x (NOK23.78 - NOK61.95) / NOK61.95
61.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Protector Forsikring is available for.
Intrinsic value
>50%
Share price is NOK23.78 vs Future cash flow value of NOK61.95
Current Discount Checks
For Protector Forsikring to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Protector Forsikring's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Protector Forsikring's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Protector Forsikring's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Protector Forsikring's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:PROTCT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in NOK NOK-0.93
OB:PROTCT Share Price ** OB (2020-03-31) in NOK NOK23.78
Europe Insurance Industry PE Ratio Median Figure of 77 Publicly-Listed Insurance Companies 8.83x
Norway Market PE Ratio Median Figure of 147 Publicly-Listed Companies 9.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Protector Forsikring.

OB:PROTCT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:PROTCT Share Price ÷ EPS (both in NOK)

= 23.78 ÷ -0.93

-25.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Protector Forsikring is loss making, we can't compare its value to the Europe Insurance industry average.
  • Protector Forsikring is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does Protector Forsikring's expected growth come at a high price?
Raw Data
OB:PROTCT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -25.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
55.3%per year
Europe Insurance Industry PEG Ratio Median Figure of 55 Publicly-Listed Insurance Companies 0.88x
Norway Market PEG Ratio Median Figure of 104 Publicly-Listed Companies 0.55x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Protector Forsikring, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Protector Forsikring's assets?
Raw Data
OB:PROTCT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in NOK NOK24.70
OB:PROTCT Share Price * OB (2020-03-31) in NOK NOK23.78
Europe Insurance Industry PB Ratio Median Figure of 84 Publicly-Listed Insurance Companies 0.86x
Norway Market PB Ratio Median Figure of 249 Publicly-Listed Companies 0.71x
OB:PROTCT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:PROTCT Share Price ÷ Book Value per Share (both in NOK)

= 23.78 ÷ 24.70

0.96x

* Primary Listing of Protector Forsikring.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Protector Forsikring is overvalued based on assets compared to the Europe Insurance industry average.
X
Value checks
We assess Protector Forsikring's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Protector Forsikring has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PROTCT Future Performance

 How is Protector Forsikring expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
55.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Protector Forsikring expected to grow at an attractive rate?
  • Protector Forsikring's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Protector Forsikring's earnings growth is expected to exceed the Norway market average.
  • Protector Forsikring's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:PROTCT Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:PROTCT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 55.3%
OB:PROTCT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.9%
Europe Insurance Industry Earnings Growth Rate Market Cap Weighted Average 7.6%
Europe Insurance Industry Revenue Growth Rate Market Cap Weighted Average -8.8%
Norway Market Earnings Growth Rate Market Cap Weighted Average 19.5%
Norway Market Revenue Growth Rate Market Cap Weighted Average 2.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:PROTCT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:PROTCT Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 4,798 566 1
2021-12-31 4,584 496 2
2020-12-31 4,368 357 2
2020-03-31
OB:PROTCT Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-12-31 4,301 1,413 -76
2019-09-30 3,686 1,688 -254
2019-06-30 3,322 983 -194
2019-03-31 3,120 1,233 -15
2018-12-31 2,825 685 -21
2018-09-30 2,461 369 180
2018-06-30 2,593 258 227
2018-03-31 2,686 -129 307
2017-12-31 2,746 -641 374
2017-09-30 3,257 -198 411
2017-06-30 3,245 -400 429
2017-03-31 3,312 -351 506

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Protector Forsikring's earnings are expected to grow significantly at over 20% yearly.
  • Protector Forsikring's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:PROTCT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Protector Forsikring Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:PROTCT Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 6.92 8.58 5.27 2.00
2021-12-31 6.07 7.11 5.03 2.00
2020-12-31 4.36 4.61 4.11 2.00
2020-03-31
OB:PROTCT Past Financials Data
Date (Data in NOK Millions) EPS *
2019-12-31 -0.93
2019-09-30 -3.02
2019-06-30 -2.37
2019-03-31 -0.18
2018-12-31 -0.25
2018-09-30 2.19
2018-06-30 2.63
2018-03-31 3.53
2017-12-31 4.34
2017-09-30 4.77
2017-06-30 4.97
2017-03-31 5.89

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Protector Forsikring is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Protector Forsikring's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Protector Forsikring has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PROTCT Past Performance

  How has Protector Forsikring performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Protector Forsikring's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Protector Forsikring does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Protector Forsikring's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Protector Forsikring's 1-year growth to the Europe Insurance industry average as it is not currently profitable.
Earnings and Revenue History
Protector Forsikring's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Protector Forsikring Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:PROTCT Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 4,301.17 -76.08 352.03
2019-09-30 3,686.38 -253.63 326.05
2019-06-30 3,322.18 -194.43 318.55
2019-03-31 3,119.88 -14.53 294.25
2018-12-31 2,824.93 -20.73 292.15
2018-09-30 2,460.82 180.44 255.24
2018-06-30 2,592.92 226.54 245.64
2018-03-31 2,686.42 307.44 231.44
2017-12-31 2,745.72 373.94 207.94
2017-09-30 3,256.53 411.48 225.64
2017-06-30 3,244.63 428.68 226.64
2017-03-31 3,311.73 505.88 200.94
2016-12-31 3,183.73 452.68 187.24
2016-09-30 3,095.33 533.74 208.06
2016-06-30 2,784.03 437.94 178.36
2016-03-31 2,452.23 292.94 181.56
2015-12-31 2,483.63 464.24 183.86
2015-09-30 2,262.97 416.77 169.48
2015-06-30 2,206.07 414.57 173.18
2015-03-31 2,169.27 467.87 160.88
2014-12-31 2,015.87 382.77 153.68
2014-09-30 1,983.95 373.97 155.03
2014-06-30 1,931.65 384.67 152.93
2014-03-31 1,742.05 307.97 145.83
2013-12-31 1,633.65 286.97 139.33
2013-09-30 1,539.72 166.79 134.52
2013-06-30 1,476.44 188.92 118.74

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Protector Forsikring has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Protector Forsikring has efficiently used its assets last year compared to the Europe Insurance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Protector Forsikring improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Protector Forsikring's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Protector Forsikring has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PROTCT Health

 How is Protector Forsikring's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Protector Forsikring's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Protector Forsikring is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Protector Forsikring's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Protector Forsikring's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 11.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Protector Forsikring Company Filings, last reported 3 months ago.

OB:PROTCT Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,019.34 1,243.29 9,541.53
2019-09-30 1,978.50 1,243.30 103.50
2019-06-30 1,988.00 1,243.30 151.40
2019-03-31 2,114.50 1,243.30 152.10
2018-12-31 2,033.07 1,243.29 7,849.73
2018-09-30 2,305.00 1,243.30 358.90
2018-06-30 2,622.20 1,243.30 10,671.40
2018-03-31 2,573.30 1,243.30 10,454.60
2017-12-31 2,591.26 1,243.29 8,186.33
2017-09-30 2,433.30 1,243.30 9,566.40
2017-06-30 2,317.20 1,241.40 9,495.00
2017-03-31 2,345.60 1,395.90 9,444.50
2016-12-31 2,268.20 645.88 7,743.83
2016-09-30 2,184.90 645.90 7,695.00
2016-06-30 2,051.30 648.10 7,645.90
2016-03-31 2,022.50 148.10 7,235.30
2015-12-31 2,012.73 148.13 6,508.20
2015-09-30 1,364.50 148.10 6,314.90
2015-06-30 1,334.80 148.10 6,232.40
2015-03-31 1,133.00 148.10 6,069.20
2014-12-31 991.43 148.13 5,100.26
2014-09-30 903.70 148.10 4,972.90
2014-06-30 860.30 148.10 4,925.00
2014-03-31 875.50 148.10 4,888.00
2013-12-31 777.18 148.13 4,147.16
2013-09-30 683.35 148.13 4,035.54
2013-06-30 624.92 148.13 3,905.32
  • Protector Forsikring's level of debt (61.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.9% vs 61.6% today).
  • Debt is well covered by operating cash flow (113.6%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Protector Forsikring's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Protector Forsikring's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Protector Forsikring has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PROTCT Dividends

 What is Protector Forsikring's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Protector Forsikring dividends. Estimated to be 3.5% next year.
If you bought NOK2,000 of Protector Forsikring shares you are expected to receive NOK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Protector Forsikring's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Protector Forsikring's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:PROTCT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Insurance Industry Average Dividend Yield Market Cap Weighted Average of 70 Stocks 6.8%
Norway Market Average Dividend Yield Market Cap Weighted Average of 108 Stocks 6.8%
Norway Minimum Threshold Dividend Yield 10th Percentile 2.1%
Norway Bottom 25% Dividend Yield 25th Percentile 3.9%
Norway Top 25% Dividend Yield 75th Percentile 8.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:PROTCT Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.00 1.00
2021-12-31 1.00 1.00
2020-12-31 0.50 1.00
2020-03-31
OB:PROTCT Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2018-10-25 0.000 0.000
2018-07-12 0.000 0.000
2018-04-27 0.000 0.000
2018-04-26 0.000 0.000
2017-08-21 0.000 0.000
2017-04-20 2.250 3.069
2016-03-18 2.250 3.074
2015-03-27 2.000 2.962
2015-02-12 2.000 3.478
2014-03-14 1.750 4.836
2013-03-08 1.200 6.421
2012-11-01 0.000 0.000
2012-10-31 0.000 0.000
2012-07-13 0.000 0.000
2012-05-07 0.000 0.000
2012-02-29 0.000 0.000
2011-03-17 1.500 12.717
2010-10-28 1.000 8.571
2010-03-01 1.250 12.508
2010-02-24 1.250 11.128

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Protector Forsikring has not reported any payouts.
  • Unable to verify if Protector Forsikring's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Protector Forsikring's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Protector Forsikring has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (6.9x coverage).
X
Income/ dividend checks
We assess Protector Forsikring's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Protector Forsikring afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Protector Forsikring has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PROTCT Management

 What is the CEO of Protector Forsikring's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sverre Bjerkeli
COMPENSATION NOK9,562,000
AGE 59
TENURE AS CEO 14.2 years
CEO Bio

Mr. Sverre Bjerkeli has been the Chief Executive Officer of Protector Forsikring ASA since 2006. Mr. Bjerkeli joined Protector since 2004. He served position as Chief Executive Officer in Torrino and Ementor Norge. He has 15 years of experience from the finance and insurance industry. Mr. Bjerkeli served as an Executive Manager of Storebrand, Bank, he was centrally responsible for establishing it. Mr. Bjerkeli served as a Director of Private and small business in Storebrand/If. He attended BI Norwegian Business School (1981 – 1984).

CEO Compensation
  • Sverre's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Sverre's remuneration is higher than average for companies of similar size in Norway.
Management Team Tenure

Average tenure and age of the Protector Forsikring management team in years:

3.4
Average Tenure
52
Average Age
  • The tenure for the Protector Forsikring management team is about average.
Management Team

Sverre Bjerkeli

TITLE
Chief Executive Officer
COMPENSATION
NOK10M
AGE
59
TENURE
14.2 yrs

Ditlev de Vibe Vanay

TITLE
Chief Financial Officer
COMPENSATION
NOK3M
AGE
52
TENURE
1.2 yrs

Dag Nereng

TITLE
Chief Investment Officer - Equities
COMPENSATION
NOK4M
AGE
47

Leonard Bijl

TITLE
IT Director
COMPENSATION
NOK3M

Trond Høye

TITLE
Chief Technology Officer and Insurance Director
COMPENSATION
NOK2M
AGE
63

Erik Sand

TITLE
Director of Business Development
AGE
50
TENURE
3.4 yrs

Anders Palm

TITLE
Executive Assistant & IR
Board of Directors Tenure

Average tenure and age of the Protector Forsikring board of directors in years:

4.2
Average Tenure
53
Average Age
  • The tenure for the Protector Forsikring board of directors is about average.
Board of Directors

Jostein Sørvoll

TITLE
Independent Chairman of the Board
COMPENSATION
NOK735K
AGE
69

Anders Lenborg

TITLE
Independent Deputy Chairman
COMPENSATION
NOK90K
AGE
50

Randi Røed

TITLE
Independent Director
COMPENSATION
NOK447K
AGE
56
TENURE
6.2 yrs

Else Fougner

TITLE
Independent Director
COMPENSATION
NOK337K
AGE
74
TENURE
9.2 yrs

Jørgen Stenshagen

TITLE
Independent Director
COMPENSATION
NOK437K
AGE
42
TENURE
6.2 yrs

Line Engelmann-Kokkim

TITLE
Employees Representative Director
COMPENSATION
NOK112K
TENURE
2 yrs

Mathews Ambalathil

TITLE
Employees Representative Director
COMPENSATION
NOK150K
TENURE
2.2 yrs

Adele Bugge Pran

TITLE
Independent Director
AGE
49
TENURE
1.2 yrs

Alexander Amsrud

TITLE
Deputy for Employees Representative

Arna Vikanes Murray

TITLE
Deputy for Employees Representative
COMPENSATION
NOK25K
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Protector Forsikring individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
13. Feb 20 Buy Hans Didring Individual 13. Feb 20 13. Feb 20 14,903 NOK39.80 NOK593,139
19. Jul 19 Buy Line Engelmann-Kokkim Individual 18. Jul 19 18. Jul 19 202 NOK48.00 NOK9,696
19. Jul 19 Buy Henrik Høye Individual 19. Jul 19 19. Jul 19 2,000 NOK48.50 NOK97,000
12. Jul 19 Buy Dag Nereng Individual 12. Jul 19 12. Jul 19 2,000 NOK48.80 NOK97,600
X
Management checks
We assess Protector Forsikring's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Protector Forsikring has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PROTCT News

Simply Wall St News

How Should Investors Feel About Protector Forsikring ASA's (OB:PROTCT) CEO Pay?

Check out our latest analysis for Protector Forsikring How Does Sverre Bjerkeli's Compensation Compare With Similar Sized Companies? … Thus we can conclude that Sverre Bjerkeli receives more in total compensation than the median of a group of companies in the same market, and of similar size to Protector Forsikring ASA. … We compared total CEO remuneration at Protector Forsikring ASA with the amount paid at companies with a similar market capitalization.

Simply Wall St -

Did You Manage To Avoid Protector Forsikring's (OB:PROTCT) 33% Share Price Drop?

Unfortunately, that's been the case for longer term Protector Forsikring ASA (OB:PROTCT) shareholders, since the share price is down 33% in the last three years, falling well short of the market return of around 41%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Protector Forsikring saw its share price decline over the three years in which its EPS also dropped, falling to a loss.

Simply Wall St -

Protector Forsikring (OB:PROTCT) Seems To Be Really Weighed Down By Its Debt

We can see that Protector Forsikring ASA (OB:PROTCT) does use debt in its business. … OB:PROTCT Historical Debt, June 19th 2019 A Look At Protector Forsikring's Liabilities Zooming in on the latest balance sheet data, we can see that Protector Forsikring had liabilities of øre10.8b due within 12 months and liabilities of øre1.53b due beyond that. … Since Protector Forsikring does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time.

Simply Wall St -

How Many Protector Forsikring ASA (OB:PROTCT) Shares Do Institutions Own?

See our latest analysis for Protector Forsikring OB:PROTCT Ownership Summary, May 29th 2019 What Does The Institutional Ownership Tell Us About Protector Forsikring? … Insider Ownership Of Protector Forsikring While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. … Private Company Ownership It seems that Private Companies own 8.2%, of the PROTCT stock.

Simply Wall St -

Have Insiders Been Buying Protector Forsikring ASA (OB:PROTCT) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So we'll take a look at whether insiders have been buying or selling shares in Protector Forsikring ASA (OB:PROTCT). … The good news for Protector Forsikring share holders is that insiders were buying at near the current price.

Simply Wall St -

The Protector Forsikring (OB:PROTCT) Share Price Has Gained 99% And Shareholders Are Hoping For More

For example, long term Protector Forsikring ASA (OB:PROTCT) shareholders have enjoyed a 99% share price rise over the last half decade, well in excess of the market return of around 30% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, Protector Forsikring actually saw its EPS drop 7.4% per year.

Simply Wall St -

Is Protector Forsikring ASA (OB:PROTCT) Overpaying Its CEO?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Sverre Bjerkeli's Compensation Compare With Similar Sized Companies. … According to our data, Protector Forsikring ASA has a market capitalization of øre4.3b, and pays its CEO total annual compensation worth øre9.9m.

Simply Wall St -

Does Protector Forsikring ASA (OB:PROTCT) Have A High Beta?

If you're interested in Protector Forsikring ASA (OB:PROTCT), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Have Insiders Been Buying Protector Forsikring ASA (OB:PROTCT) Shares This Year?

Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … So before you buy or sell Protector Forsikring ASA (OB:PROTCT), you may well want to know whether insiders have been buying or selling. … Protector Forsikring Insider Transactions Over The Last Year.

Simply Wall St -

Should You Be Concerned About Protector Forsikring ASA's (OB:PROTCT) ROE?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Protector Forsikring ASA (OB:PROTCT). … Over the last twelve months Protector Forsikring has recorded a ROE of 6.1%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

PROTCT Company Info

Description

Protector Forsikring ASA, a general insurance company, provides various insurance products to the commercial and public sectors, and the affinity insurance markets in Norway, Sweden, Denmark, the United Kingdom, and Finland. It also offers change of ownership insurance. The company sells its products to non-marine industries through insurance brokers, and real estate agents and lawyers. Protector Forsikring ASA was founded in 2003 and is based in Oslo, Norway.

Details
Name: Protector Forsikring ASA
PROTCT
Exchange: OB
Founded: 2003
NOK1,944,613,471
81,775,167
Website: http://www.protectorforsikring.no
Address: Protector Forsikring ASA
Støperigata 2,
Oslo,
Oslo, 0113,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB PROTCT A Shares Oslo Bors NO NOK 18. Jul 2006
OTCPK PSKR.F A Shares Pink Sheets LLC US USD 18. Jul 2006
DB PR4 A Shares Deutsche Boerse AG DE EUR 18. Jul 2006
LSE 0JXF A Shares London Stock Exchange GB NOK 18. Jul 2006
BATS-CHIXE PROTCo A Shares BATS 'Chi-X Europe' GB NOK 18. Jul 2006
Number of employees
Current staff
Staff numbers
384
Protector Forsikring employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:04
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/02/11
Last earnings filing: 2020/03/11
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.