PROTECTOR FORSIKRING ASA (PROT.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:PROT - NO0010209331 - Common Stock
536 NOK
-4 (-0.74%)
We assign a fundamental rating of 5 out of 10 to PROT. PROT was compared to 48 industry peers in the Insurance industry. PROT scores excellent on profitability, but there are some minor concerns on its financial health. PROT is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
- In the past year PROT was profitable.
- In the past year PROT has reported a negative cash flow from operations.
- 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.
1.2 Ratios
- With an excellent Return On Assets value of 7.45%, 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 33.16%, PROT belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- With an excellent Return On Invested Capital value of 8.62%, PROT belongs to the best of the industry, outperforming 97.92% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for PROT is significantly above the industry average of 2.74%.
- The 3 year average ROIC (7.88%) for PROT is below the current ROIC(8.62%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.45% | ||
| ROE | 33.16% | ||
| ROIC | 8.62% |
ROA(3y)7.22%
ROA(5y)6.78%
ROE(3y)32.76%
ROE(5y)33%
ROIC(3y)7.88%
ROIC(5y)6.75%
1.3 Margins
- PROT's Profit Margin of 15.62% is amongst the best of the industry. PROT outperforms 91.67% of its industry peers.
- PROT's Profit Margin has declined in the last couple of years.
- PROT's Operating Margin of 23.32% is amongst the best of the industry. PROT outperforms 85.42% of its industry peers.
- In the last couple of years the Operating Margin of PROT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.32% | ||
| PM (TTM) | 15.62% | ||
| GM | N/A |
OM growth 3Y-8.32%
OM growth 5YN/A
PM growth 3Y-15.26%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PROT is creating some value.
- PROT has about the same amout of shares outstanding than it did 1 year ago.
- The number of shares outstanding for PROT has been increased compared to 5 years ago.
- Compared to 1 year ago, PROT has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 2.30 indicates that PROT is not a great score, but indicates only limited risk for bankruptcy at the moment.
- PROT has a Altman-Z score of 2.30. This is amongst the best in the industry. PROT outperforms 97.92% of its industry peers.
- A Debt/Equity ratio of 0.49 indicates that PROT is not too dependend on debt financing.
- PROT has a Debt to Equity ratio of 0.49. This is in the better half of the industry: PROT outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.3 |
ROIC/WACC1.03
WACC8.37%
2.3 Liquidity
- PROT has a Current Ratio of 0.16. This is a bad value and indicates that PROT is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a decent Current ratio value of 0.16, PROT is doing good in the industry, outperforming 68.75% of the companies in the same industry.
- PROT has a Quick Ratio of 0.16. 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 Quick ratio of PROT (0.16) is better than 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.16 | ||
| Quick Ratio | 0.16 |
3. Growth
3.1 Past
- PROT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.95%, which is quite good.
- PROT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.66% yearly.
- PROT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.23%.
- The Revenue has been growing by 22.85% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)9.95%
EPS 3Y7.66%
EPS 5YN/A
EPS Q2Q%-21.13%
Revenue 1Y (TTM)12.23%
Revenue growth 3Y27.1%
Revenue growth 5Y22.85%
Sales Q2Q%10.7%
3.2 Future
- The Earnings Per Share is expected to grow by 14.35% on average over the next years. This is quite good.
- The Revenue is expected to grow by 15.65% on average over the next years. This is quite good.
EPS Next Y81.58%
EPS Next 2Y20.08%
EPS Next 3Y14.35%
EPS Next 5YN/A
Revenue Next Year19.33%
Revenue Next 2Y14.4%
Revenue Next 3Y15.65%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 20.39, which indicates a rather expensive current valuation of PROT.
- PROT's Price/Earnings ratio is rather expensive when compared to the industry. PROT is more expensive than 81.25% of the companies in the same industry.
- When comparing the Price/Earnings ratio of PROT to the average of the S&P500 Index (28.87), we can say PROT is valued slightly cheaper.
- PROT is valuated rather expensively with a Price/Forward Earnings ratio of 20.13.
- Based on the Price/Forward Earnings ratio, PROT is valued expensively inside the industry as 91.67% of the companies are valued cheaper.
- PROT's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.96.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.39 | ||
| Fwd PE | 20.13 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- PROT has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as PROT's earnings are expected to grow with 14.35% in the coming years.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y20.08%
EPS Next 3Y14.35%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.44%, PROT has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 4.17, PROT's dividend is way lower than its industry peers. On top of this 87.50% of the companies listed in the same industry pay a better dividend than PROT!
- Compared to the average S&P500 Dividend Yield of 1.82, PROT is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- PROT pays out 34.30% of its income as dividend. This is a sustainable payout ratio.
DP34.3%
EPS Next 2Y20.08%
EPS Next 3Y14.35%
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 3 / 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 20.39 and the Price/Book (PB) ratio is 6.78.
Is the dividend of PROTECTOR FORSIKRING ASA sustainable?
The dividend rating of PROTECTOR FORSIKRING ASA (PROT.OL) is 2 / 10 and the dividend payout ratio is 34.3%.