Financials Storebrand ASA

Equities

STB

NO0003053605

Investment Management & Fund Operators

Market Closed - Oslo Bors 15:45:00 26/04/2024 BST 5-day change 1st Jan Change
106.4 NOK +0.38% Intraday chart for Storebrand ASA +11.47% +18.17%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,223 30,007 41,616 39,644 40,277 47,166 - -
Enterprise Value (EV) 1 41,594 40,770 41,616 39,644 40,277 47,166 47,166 47,166
P/E ratio 15.6 x 12.8 x 13.3 x 16.8 x 12.2 x 10.4 x 11.6 x 10.3 x
Yield - 5.06% 3.95% 4.33% 4.55% 4.81% 4.77% 5.16%
Capitalization / Revenue 1 x 0.68 x 0.78 x 5.13 x - 1.32 x 1.28 x 1.24 x
EV / Revenue 1 x 0.68 x 0.78 x 5.13 x - 1.32 x 1.28 x 1.24 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.97 x 0.84 x 1.1 x 1.06 x 1.4 x 1.5 x 1.47 x 1.38 x
Nbr of stocks (in thousands) 466,871 467,398 470,135 464,211 447,320 443,286 - -
Reference price 2 69.02 64.20 88.52 85.40 90.04 106.4 106.4 106.4
Announcement Date 12/02/20 10/02/21 09/02/22 08/02/23 07/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 32,366 44,188 53,681 7,732 - 35,790 36,812 37,912
EBITDA - - - - - - - -
EBIT 1 2,298 2,433 3,130 2,724 2,653 3,136 3,652 4,012
Operating Margin 7.1% 5.51% 5.83% 35.23% - 8.76% 9.92% 10.58%
Earnings before Tax (EBT) 1 2,593 2,219 3,976 2,120 3,294 5,397 4,953 5,399
Net income 1 2,067 2,345 3,121 2,376 3,377 4,500 3,847 4,168
Net margin 6.39% 5.31% 5.81% 30.73% - 12.57% 10.45% 10.99%
EPS 2 4.430 5.020 6.680 5.070 7.372 10.27 9.170 10.33
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - 3.250 3.500 3.700 4.100 5.122 5.072 5.493
Announcement Date 12/02/20 10/02/21 09/02/22 08/02/23 07/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 13,469 1,822 1,886 1,989 2,034 - - - - - - - - - -
EBITDA - - - - - - - - - - - - - - -
EBIT 1 1,038 678 705 717 624 858 513 605 600 1,092 764.7 865 850 - -
Operating Margin 7.71% 37.21% 37.38% 36.05% 30.68% - - - - - - - - - -
Earnings before Tax (EBT) 1 1,227 489 439 511 681 1,060 720 837 964 1,085 2,136 1,154 1,165 1,270 1,285
Net income 1 915 887 410 382 699 1,044 942 642 937 905 1,889 899.2 923.6 959.6 991.5
Net margin 6.79% 48.68% 21.74% 19.21% 34.37% - - - - - - - - - -
EPS 2 1.950 1.880 0.8700 0.8200 1.500 2.250 2.035 1.410 2.076 2.010 4.280 2.048 2.122 2.220 2.315
Dividend per Share 2 3.500 - - - 3.700 - - - 4.100 - - - 4.400 - -
Announcement Date 09/02/22 04/05/22 14/07/22 26/10/22 08/02/23 10/05/23 14/07/23 25/10/23 07/02/24 24/04/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 9,371 10,763 - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 8% 8.6% 10.7% 8.3% 13% 15.3% 12.9% 13.7%
ROA (Net income/ Total Assets) 0.41% 0.34% 0.42% - 0.43% 0.48% 0.38% 0.38%
Assets 1 498,192 689,706 751,324 - 782,619 935,560 1,009,648 1,085,316
Book Value Per Share 2 71.40 76.90 80.20 80.50 64.50 70.80 72.50 76.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 12/02/20 10/02/21 09/02/22 08/02/23 07/02/24 - - -
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
A
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
106.4 NOK
Average target price
110.5 NOK
Spread / Average Target
+3.85%
Consensus
  1. Stock Market
  2. Equities
  3. STB Stock
  4. Financials Storebrand ASA