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Storebrand ASAOB:STB Stock Report

Market Cap NOK 67.8b
Share Price
NOK 156.00
My Fair Value
NOK 55.86
179.3% overvalued intrinsic discount
1Y23.0%
7D1.9%
Portfolio Value
​
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Storebrand ASA

OB:STB Stock Report

Market Cap: NOK 67.8b

Storebrand (STB) Stock Overview

Provides insurance products and services in Norway, Sweden, the United Kingdom, Finland, Denmark, Germany, Luxemburg, and Ireland. More details

STB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health1/6
Dividends1/6

Rewards

Trading at 29.5% below our estimate of its fair value

Risk Analysis

Debt is not well covered by operating cash flow


STB Community Fair Values

Create Narrative

See what 23 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Storebrand

Aggressive Share Buybacks May Jeopardize Future Earnings In Nordic Pension Market

Key Takeaways Storebrand's Nordic presence and strategic focus on pensions and asset management drive revenue growth and market share expansion. Digital investments and sustainability commitment potentially boost customer satisfaction, efficiency, and revenue, while share buybacks ensure shareholder returns amidst future earnings leverage risks.
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NOK 55.86
FV
179.3% overvalued intrinsic discount
-48.12%
Revenue growth p.a.
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10users have followed this narrative
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Storebrand

Nordic Legacy Exposure And Rising Regulatory Costs Will Deflate Earnings

Key Takeaways Heavy exposure to legacy guarantees and Nordic markets heightens vulnerability to adverse rates, economic shifts, and demographic changes, pressuring long-term profitability and revenue growth. Rising competition from digital challengers and stricter ESG regulations threaten market share, increase compliance costs, and restrict investment flexibility, squeezing margins across core business lines.
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NOK 99
FV
57.6% overvalued intrinsic discount
-48.56%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
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Storebrand

Nordic Ageing Demographics And Digitalization Will Fuel Market Expansion

Key Takeaways Market leadership in pensions, successful digitalization, and demographic trends position Storebrand for exceptional long-term revenue, fee, and asset growth above industry rates. Strong ESG focus, robust solvency, and balance sheet strength enable accelerated AUM capture, strategic acquisitions, and resilience to shocks, supporting superior earnings growth.
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NOK 191
FV
18.3% undervalued intrinsic discount
-48.56%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
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Storebrand ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Storebrand
Historical stock prices
Current Share PriceNOK 156.00
52 Week HighNOK 161.20
52 Week LowNOK 113.50
Beta0.75
1 Month Change4.00%
3 Month Change5.98%
1 Year Change23.03%
3 Year Change95.34%
5 Year Change211.38%
Change since IPO208.91%

Recent News & Updates

Storebrand ASA's (OB:STB) Popularity With Investors Is Under Threat From Overpricing

Sep 05
Storebrand ASA's (OB:STB) Popularity With Investors Is Under Threat From Overpricing

Analysts' Revenue Estimates For Storebrand ASA (OB:STB) Are Surging Higher

May 12
Analysts' Revenue Estimates For Storebrand ASA (OB:STB) Are Surging Higher

Recent updates

Storebrand ASA's (OB:STB) Popularity With Investors Is Under Threat From Overpricing

Sep 05
Storebrand ASA's (OB:STB) Popularity With Investors Is Under Threat From Overpricing

Analysts' Revenue Estimates For Storebrand ASA (OB:STB) Are Surging Higher

May 12
Analysts' Revenue Estimates For Storebrand ASA (OB:STB) Are Surging Higher

Storebrand (OB:STB) Is Increasing Its Dividend To NOK4.70

Mar 18
Storebrand (OB:STB) Is Increasing Its Dividend To NOK4.70
User avatar

Regulatory And Competitive Pressures Will Erode Future Net Margins In Nordic Insurance Sector

Share buyback plans and increased dividends may boost stock expectations and signal strong cash flow, benefiting earnings stability and growth perception.

Storebrand (OB:STB) Is Increasing Its Dividend To NOK4.70

Mar 02
Storebrand (OB:STB) Is Increasing Its Dividend To NOK4.70

Storebrand's (OB:STB) Dividend Will Be Increased To NOK4.70

Feb 16
Storebrand's (OB:STB) Dividend Will Be Increased To NOK4.70

If EPS Growth Is Important To You, Storebrand (OB:STB) Presents An Opportunity

Jan 30
If EPS Growth Is Important To You, Storebrand (OB:STB) Presents An Opportunity

Storebrand ASA's (OB:STB) Shareholders Might Be Looking For Exit

Dec 16
Storebrand ASA's (OB:STB) Shareholders Might Be Looking For Exit

Shareholder Returns

STBNO InsuranceNO Market
7D1.9%-0.6%0.5%
1Y23.0%22.8%6.6%

Return vs Industry: STB matched the Norwegian Insurance industry which returned 22.8% over the past year.

Return vs Market: STB exceeded the Norwegian Market which returned 6.6% over the past year.

Price Volatility

Is STB's price volatile compared to industry and market?
STB volatility
STB Average Weekly Movement2.5%
Insurance Industry Average Movement3.0%
Market Average Movement4.5%
10% most volatile stocks in NO Market10.7%
10% least volatile stocks in NO Market2.4%

Stable Share Price: STB has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: STB's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
17672,324Odd Grefstadwww.storebrand.no

Storebrand ASA provides insurance products and services in Norway, Sweden, the United Kingdom, Finland, Denmark, Germany, Luxemburg, and Ireland. It operates through four segments: Savings, Insurance, Guaranteed Pensions, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products.

Storebrand ASA Fundamentals Summary

How do Storebrand's earnings and revenue compare to its market cap?
STB fundamental statistics
Market capNOK 67.84b
Earnings (TTM)NOK 4.84b
Revenue (TTM)NOK 54.17b
13.7x
P/E Ratio
1.2x
P/S Ratio

Is STB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
STB income statement (TTM)
RevenueNOK 54.17b
Cost of RevenueNOK 8.36b
Gross ProfitNOK 45.81b
Other ExpensesNOK 40.97b
EarningsNOK 4.84b

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)11.37
Gross Margin84.57%
Net Profit Margin8.93%
Debt/Equity Ratio187.1%

How did STB perform over the long term?

See historical performance and comparison

Dividends

3.0%
Current Dividend Yield
42%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/24 17:37
End of Day Share Price 2025/10/24 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Storebrand ASA is covered by 20 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Tryfonas SpyrouBerenberg
David BarmaBofA Global Research