olivLaw · European equity research
Sjóvá-Almennar Tryggingar Hf. SJOVA.IC
Iceland · Nasdaq Iceland · ISIN IS0000024602 · Vertical: Listed companies from Iceland
At the close of 06 Nov 2026, Sjóvá-Almennar Tryggingar Hf. (SJOVA.IC) stock was 44.40 ISK (+1.37% on the day), with market capitalisation 51.3 bn ISK, P/E 12.1 on diluted EPS of 3.66 ISK over the last 12 months, dividend yield 4.77%, beta 0.39, 52-week range 35.40–46.40 ISK.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 62.3
- strong (55–70)
- Bollinger (20, 2)
- 42.14 – 44.78
- in the upper half of the band · %B 0.85 · band width 6.1%
- SMA 50 / 200
- 42.70 / 41.59
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.45 / 0.43
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +3.7% | −0.2% | +3.9 pp | — |
| 3 months | +4.2% | −5.4% | +9.6 pp | — |
| 6 months | +3.7% | +4.4% | −0.6 pp | — |
| Year to date | +2.1% | +6.5% | −4.4 pp | — |
| 1 year | +5.0% | +10.0% | −5.0 pp | −7.8% |
| 3 years | +31.8% | +48.6% | −16.8 pp | +14.4% |
| 5 years | +13.8% | +41.4% | −27.6 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 50 percentile of its own 2-quarter history (min 10.1, median 11.6, max 13.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | unavailable | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable | unavailable |
| Net income | unavailable | 4.6 bn | 4.2 bn |
| Net income YoY | unavailable | unavailable | −8.3% |
| Diluted EPS | unavailable | 3.97 | 3.66 |
| Diluted EPS YoY | unavailable | unavailable | −7.8% |
| net % | unavailable | unavailable | unavailable |
| Free cash flow | 5.8 bn | 5.1 bn | 510.4 m |
Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 1.6 bn ISK
- Financial debt
- unavailable ISK
- Net debt
- unavailable ISK
- Equity
- 25.1 bn ISK
- Total assets
- 75.7 bn ISK
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 17.5%
- ROA
- 5.8%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (ISK)
Income statement · ISK
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Pre-tax income | — | 5.3 bn | 4.8 bn | esef· 11 Feb 2025verified |
| Income tax | — | 718.7 m | 527.6 m | esef· 11 Feb 2025verified |
| Net income | — | 4.6 bn | 4.2 bn | esef· 11 Feb 2025verified |
| Diluted EPS | — | 3.97 | 3.66 | esef· 11 Feb 2025verified |
| Dividend per share | — | 1.61 | 2.12 | esef· 11 Feb 2025verified |
Balance sheet · ISK
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Cash | 1.2 bn | 3.6 bn | 1.6 bn | esef· 11 Feb 2025verified |
| Property, plant & equipment, net | — | 530.9 m | 552.8 m | esef· 11 Feb 2025verified |
| Goodwill | — | 243.6 m | 243.6 m | esef· 11 Feb 2025verified |
| Total assets | — | 69.3 bn | 75.7 bn | esef· 11 Feb 2025verified |
| Total liabilities | — | 46.0 bn | 50.6 bn | esef· 11 Feb 2025verified |
| Equity | 21.3 bn | 23.3 bn | 25.1 bn | esef· 11 Feb 2025verified |
| Shares outstanding at year end | — | 1.2 bn | 1.2 bn | esef· 11 Feb 2025derived |
Cash flow · ISK
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 5.9 bn | 5.1 bn | 614.2 m | esef· 11 Feb 2025verified |
| Capex | 121.8 m | 70.0 m | 103.8 m | esef· 11 Feb 2025verified |
| Free cash flow | 5.8 bn ≈ | 5.1 bn ≈ | 510.4 m ≈ | esef· 11 Feb 2025derived |
| Investing cash flow | -107.2 m | -68.5 m | -91.7 m | esef· 11 Feb 2025verified |
| Financing cash flow | -5.7 bn | -2.7 bn | -2.6 bn | esef· 11 Feb 2025verified |
| Dividends paid | 3.8 bn | 1.9 bn | 2.5 bn | esef· 11 Feb 2025verified |
| Share repurchases | 1.8 bn | 743.5 m | 0 | esef· 11 Feb 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 35.4% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: 51.3 bn ISK
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
35% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | 12.0% | 0 (on a fixed band) | 18% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 12.1x | 83 (vs peers) | 29% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 1.0% | 12 (on a fixed band) | 24% |
| Shareholder yield (distributions) · Returns | 4.8% | 68 (on a fixed band) | 18% |
| Payout ratio (FCF) · Returns | 480.4% | 0 (on a fixed band) | 12% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns41/100 · 2/2 factors with a value
- Valuation52/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
SJÓVÁ-ALMENNAR TRYGGINGAR HF. (SJOVA.IC). Latest full fiscal year: 2024; data up to 2024-12-31.
Figures computed from the financial statements: ROE 17.5%.
The estimated value range is 41.93–49.81 ISK per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 43.41 ISK, the price of 44.40 ISK leaves a potential of -2.2% (value / price − 1) and a margin of safety of -2.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- P/E (TTM): 12.1x
What contradicts it
- FCF conversion: 12.0%
- FCF yield: 1.0%
- Payout ratio (FCF): 480.4%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, EV/EBITDA.
Versus the vertical median
Listed companies from Iceland · same country · compared with 11 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| HAGA.ICHagar hf. | 131.4 bn | 20.2 | 18.2% | 3.8% | +9.3% | +6% / +80% |
| FESTI.ICFesti hf. | 90.9 bn | 22.8 | 10.1% | 2.6% | +13.4% | −8% / +67% |
| HEIMAR.ICHeimar hf. | 61.3 bn | 7.5 | 13.5% | 55.5% | +7.7% | −6% / +49% |
| BERA.ICÖlgerðin Egill Skallagríms hf. | 37.4 bn | 17.4 | 13.7% | 5.9% | +7.7% | −23% / +1% |
| NOVA.ICNova Klúbburinn hf | 12.0 bn | 14.8 | 8.5% | 6.1% | +2.8% | −26% / −16% |
| ALVO.ICAlvotech | — | — | — | 9.0% | +43.4% | −10% / −57% |
| ASAR.ICSíminn hf. | — | 17.2 | — | — | +3.0% | −20% / +26% |
| BRIM.ICBrim hf. | — | — | 11.9% | 14.6% | +5.2% | +20% / +14% |
| EIK.ICEik Fasteignafélag Hf. | — | — | 10.2% | 43.6% | +9.5% | +1% / +23% |
| EIM.ICEimskipafélag Íslands hf. | — | — | 3.2% | 1.2% | −4.7% | +7% / −35% |
| HAMP.ICHampiðjan hf | — | — | 1.7% | 1.2% | +15.7% | −26% / −36% |
1- and 3-year price returns: for SJOVA.IC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202411 Feb 2025
- Annual report 202320 Feb 2024
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.