PROTECTOR FORSIKRING ASA (PROT.OL) Fundamental Analysis & Valuation

OSL:PROT • NO0010209331

524 NOK
+6 (+1.16%)
Last: Mar 13, 2026, 02:25 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This PROT.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

PROT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 47 industry peers in the Insurance industry. While PROT belongs to the best of the industry regarding profitability, there are concerns on its financial health. PROT is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

7

1. PROT.OL Profitability Analysis

1.1 Basic Checks

  • In the past year PROT was profitable.
  • PROT had a negative operating cash flow in the past year.
  • PROT had positive earnings in each of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: PROT reported negative operating cash flow in multiple years.
PROT.OL Yearly Net Income VS EBIT VS OCF VS FCFPROT.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

1.2 Ratios

  • With an excellent Return On Assets value of 9.15%, PROT belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 34.04%, PROT belongs to the top of the industry, outperforming 97.87% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 10.33%, PROT belongs to the top of the industry, outperforming 95.74% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for PROT is significantly above the industry average of 3.45%.
  • The 3 year average ROIC (8.51%) for PROT is below the current ROIC(10.33%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 9.15%
ROE 34.04%
ROIC 10.33%
ROA(3y)7.54%
ROA(5y)7.45%
ROE(3y)31.9%
ROE(5y)33.35%
ROIC(3y)8.51%
ROIC(5y)8.01%
PROT.OL Yearly ROA, ROE, ROICPROT.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30

1.3 Margins

  • With an excellent Profit Margin value of 17.51%, PROT belongs to the best of the industry, outperforming 89.36% of the companies in the same industry.
  • PROT's Profit Margin has been stable in the last couple of years.
  • The Operating Margin of PROT (25.48%) is better than 89.36% of its industry peers.
  • PROT's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 25.48%
PM (TTM) 17.51%
GM N/A
OM growth 3Y2.12%
OM growth 5Y9.46%
PM growth 3Y-1.14%
PM growth 5Y-0.92%
GM growth 3YN/A
GM growth 5YN/A
PROT.OL Yearly Profit, Operating, Gross MarginsPROT.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. PROT.OL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PROT is still creating some value.
  • The number of shares outstanding for PROT remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, PROT has more shares outstanding
  • The debt/assets ratio for PROT is higher compared to a year ago.
PROT.OL Yearly Shares OutstandingPROT.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
PROT.OL Yearly Total Debt VS Total AssetsPROT.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

2.2 Solvency

  • An Altman-Z score of 2.49 indicates that PROT is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 2.49, PROT belongs to the best of the industry, outperforming 97.87% of the companies in the same industry.
  • A Debt/Equity ratio of 0.30 indicates that PROT is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.30, PROT is doing good in the industry, outperforming 78.72% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF N/A
Altman-Z 2.49
ROIC/WACC1.24
WACC8.34%
PROT.OL Yearly LT Debt VS Equity VS FCFPROT.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • PROT has a Current Ratio of 0.18. This is a bad value and indicates that PROT is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of PROT (0.18) is better than 65.96% of its industry peers.
  • PROT has a Quick Ratio of 0.18. This is a bad value and indicates that PROT is not financially healthy enough and could expect problems in meeting its short term obligations.
  • PROT has a better Quick ratio (0.18) than 65.96% of its industry peers.
Industry RankSector Rank
Current Ratio 0.18
Quick Ratio 0.18
PROT.OL Yearly Current Assets VS Current LiabilitesPROT.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. PROT.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 70.11% over the past year.
  • PROT shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.56% yearly.
  • PROT shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.32%.
  • Measured over the past years, PROT shows a very strong growth in Revenue. The Revenue has been growing by 22.83% on average per year.
EPS 1Y (TTM)70.11%
EPS 3Y46.04%
EPS 5Y21.56%
EPS Q2Q%184.6%
Revenue 1Y (TTM)22.32%
Revenue growth 3Y25.19%
Revenue growth 5Y22.83%
Sales Q2Q%20.16%

3.2 Future

  • PROT is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.41% yearly.
  • The Revenue is expected to grow by 13.86% on average over the next years. This is quite good.
EPS Next Y-10.23%
EPS Next 2Y-4.67%
EPS Next 3Y-1.41%
EPS Next 5YN/A
Revenue Next Year9.68%
Revenue Next 2Y13.86%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
PROT.OL Yearly Revenue VS EstimatesPROT.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5B 10B 15B
PROT.OL Yearly EPS VS EstimatesPROT.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 10 20 30

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Find the best growth stocksShow best growing peers

2

4. PROT.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.48, which indicates a correct valuation of PROT.
  • Based on the Price/Earnings ratio, PROT is valued a bit more expensive than the industry average as 68.09% of the companies are valued more cheaply.
  • When comparing the Price/Earnings ratio of PROT to the average of the S&P500 Index (25.71), we can say PROT is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 18.36, the valuation of PROT can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, PROT is valued expensively inside the industry as 89.36% of the companies are valued cheaper.
  • The average S&P500 Price/Forward Earnings ratio is at 23.82. PROT is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 16.48
Fwd PE 18.36
PROT.OL Price Earnings VS Forward Price EarningsPROT.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
PROT.OL Per share dataPROT.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150

4.3 Compensation for Growth

  • PROT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.76
EPS Next 2Y-4.67%
EPS Next 3Y-1.41%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. PROT.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.71%, PROT has a reasonable but not impressive dividend return.
  • PROT's Dividend Yield is slightly below the industry average, which is at 4.21.
  • Compared to an average S&P500 Dividend Yield of 1.82, PROT pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.71%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 37.86% of the earnings are spent on dividend by PROT. This is a low number and sustainable payout ratio.
DP37.86%
EPS Next 2Y-4.67%
EPS Next 3Y-1.41%
PROT.OL Yearly Income VS Free CF VS DividendPROT.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B
PROT.OL Dividend Payout.PROT.OL Dividend Payout, showing the Payout Ratio.PROT.OL Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

PROT.OL Fundamentals: All Metrics, Ratios and Statistics

PROTECTOR FORSIKRING ASA

OSL:PROT (3/13/2026, 2:25:11 PM)

524

+6 (+1.16%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)01-28
Earnings (Next)04-23
Inst Owners37.52%
Inst Owner ChangeN/A
Ins Owners1.8%
Ins Owner ChangeN/A
Market Cap43.23B
Revenue(TTM)14.91B
Net Income(TTM)2.61B
Analysts84.44
Price Target622.2 (18.74%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.71%
Yearly Dividend12
Dividend Growth(5Y)N/A
DP37.86%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-14.52%
Min EPS beat(2)-15.54%
Max EPS beat(2)-13.49%
EPS beat(4)2
Avg EPS beat(4)2.54%
Min EPS beat(4)-15.54%
Max EPS beat(4)32.59%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2.91%
Min Revenue beat(2)-3.17%
Max Revenue beat(2)-2.65%
Revenue beat(4)0
Avg Revenue beat(4)-3.1%
Min Revenue beat(4)-4.49%
Max Revenue beat(4)-2.09%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)8.16%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)7.23%
EPS NY rev (3m)8.64%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.63%
Valuation
Industry RankSector Rank
PE 16.48
Fwd PE 18.36
P/S 2.9
P/FCF N/A
P/OCF N/A
P/B 5.63
P/tB 5.72
EV/EBITDA N/A
EPS(TTM)31.8
EY6.07%
EPS(NY)28.55
Fwd EY5.45%
FCF(TTM)-2.44
FCFYN/A
OCF(TTM)-1.15
OCFYN/A
SpS180.76
BVpS93.02
TBVpS91.59
PEG (NY)N/A
PEG (5Y)0.76
Graham Number257.98
Profitability
Industry RankSector Rank
ROA 9.15%
ROE 34.04%
ROCE 13.56%
ROIC 10.33%
ROICexc 10.47%
ROICexgc 11.11%
OM 25.48%
PM (TTM) 17.51%
GM N/A
FCFM N/A
ROA(3y)7.54%
ROA(5y)7.45%
ROE(3y)31.9%
ROE(5y)33.35%
ROIC(3y)8.51%
ROIC(5y)8.01%
ROICexc(3y)8.64%
ROICexc(5y)8.13%
ROICexgc(3y)9.32%
ROICexgc(5y)9.25%
ROCE(3y)11.16%
ROCE(5y)10.51%
ROICexgc growth 3Y5.83%
ROICexgc growth 5Y15.21%
ROICexc growth 3Y6.87%
ROICexc growth 5Y20.43%
OM growth 3Y2.12%
OM growth 5Y9.46%
PM growth 3Y-1.14%
PM growth 5Y-0.92%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.71%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.18
Quick Ratio 0.18
Altman-Z 2.49
F-Score5
WACC8.34%
ROIC/WACC1.24
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)0.67%
Cap/Sales(5y)0.69%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)70.11%
EPS 3Y46.04%
EPS 5Y21.56%
EPS Q2Q%184.6%
EPS Next Y-10.23%
EPS Next 2Y-4.67%
EPS Next 3Y-1.41%
EPS Next 5YN/A
Revenue 1Y (TTM)22.32%
Revenue growth 3Y25.19%
Revenue growth 5Y22.83%
Sales Q2Q%20.16%
Revenue Next Year9.68%
Revenue Next 2Y13.86%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y62.92%
EBIT growth 3Y27.84%
EBIT growth 5Y34.44%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-116.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-107.34%
OCF growth 3YN/A
OCF growth 5YN/A

PROTECTOR FORSIKRING ASA / PROT.OL FAQ

What is the ChartMill fundamental rating of PROTECTOR FORSIKRING ASA (PROT.OL) stock?

ChartMill assigns a fundamental rating of 5 / 10 to PROT.OL.


Can you provide the valuation status for PROTECTOR FORSIKRING ASA?

ChartMill assigns a valuation rating of 2 / 10 to PROTECTOR FORSIKRING ASA (PROT.OL). This can be considered as Overvalued.


How profitable is PROTECTOR FORSIKRING ASA (PROT.OL) stock?

PROTECTOR FORSIKRING ASA (PROT.OL) has a profitability rating of 7 / 10.


What is the valuation of PROTECTOR FORSIKRING ASA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for PROTECTOR FORSIKRING ASA (PROT.OL) is 16.48 and the Price/Book (PB) ratio is 5.63.


Is the dividend of PROTECTOR FORSIKRING ASA sustainable?

The dividend rating of PROTECTOR FORSIKRING ASA (PROT.OL) is 3 / 10 and the dividend payout ratio is 37.86%.