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F&G ANNUITIES & LIFE INC (FG) Stock Fundamental Analysis

NYSE:FG - New York Stock Exchange, Inc. - US30190A1043 - Common Stock - Currency: USD

40.18  -3.84 (-8.72%)

After market: 40.18 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FG. FG was compared to 144 industry peers in the Insurance industry. While FG seems to be doing ok healthwise, there are quite some concerns on its profitability. FG is valued quite cheap, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year FG was profitable.
FG had a positive operating cash flow in the past year.
In multiple years FG reported negative net income over the last 5 years.
FG had a positive operating cash flow in 4 of the past 5 years.
FG Yearly Net Income VS EBIT VS OCF VS FCFFG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 0 2B 4B

1.2 Ratios

FG has a worse Return On Assets (0.00%) than 77.46% of its industry peers.
FG has a Return On Equity of 0.00%. This is in the lower half of the industry: FG underperforms 76.76% of its industry peers.
The Return On Invested Capital of FG (0.11%) is worse than 69.01% of its industry peers.
FG had an Average Return On Invested Capital over the past 3 years of 0.97%. This is below the industry average of 4.55%.
Industry RankSector Rank
ROA 0%
ROE 0%
ROIC 0.11%
ROA(3y)0.86%
ROA(5y)N/A
ROE(3y)12.47%
ROE(5y)N/A
ROIC(3y)0.97%
ROIC(5y)N/A
FG Yearly ROA, ROE, ROICFG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 0 5 10 15

1.3 Margins

FG has a worse Operating Margin (1.94%) than 79.58% of its industry peers.
FG does not have Profit Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM 1.94%
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
FG Yearly Profit, Operating, Gross MarginsFG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 0 10 -10 20

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FG is destroying value.
There is no outstanding debt for FG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
FG Yearly Shares OutstandingFG Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 20M 40M 60M 80M 100M
FG Yearly Total Debt VS Total AssetsFG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 20B 40B 60B

2.2 Solvency

Based on the Altman-Z score of 0.11, we must say that FG is in the distress zone and has some risk of bankruptcy.
FG has a better Altman-Z score (0.11) than 71.13% of its industry peers.
The Debt to FCF ratio of FG is 0.30, which is an excellent value as it means it would take FG, only 0.30 years of fcf income to pay off all of its debts.
FG's Debt to FCF ratio of 0.30 is amongst the best of the industry. FG outperforms 90.14% of its industry peers.
FG has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.47, FG is not doing good in the industry: 66.90% of the companies in the same industry are doing better.
Although FG does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 0.3
Altman-Z 0.11
ROIC/WACC0.01
WACC8.1%
FG Yearly LT Debt VS Equity VS FCFFG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.3 Liquidity

A Current Ratio of 0.29 indicates that FG may have some problems paying its short term obligations.
FG has a better Current ratio (0.29) than 71.13% of its industry peers.
FG has a Quick Ratio of 0.29. This is a bad value and indicates that FG is not financially healthy enough and could expect problems in meeting its short term obligations.
FG has a better Quick ratio (0.29) than 71.13% of its industry peers.
Industry RankSector Rank
Current Ratio 0.29
Quick Ratio 0.29
FG Yearly Current Assets VS Current LiabilitesFG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2B 4B 6B

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 65.12% over the past year.
EPS 1Y (TTM)65.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%86.67%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-3.29%

3.2 Future

FG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.52% yearly.
The Revenue is expected to grow by 1.25% on average over the next years.
EPS Next Y30.13%
EPS Next 2Y23.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-6.59%
Revenue Next 2Y1.25%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

FG Yearly Revenue VS EstimatesFG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 1B 2B 3B 4B 5B
FG Yearly EPS VS EstimatesFG Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

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8

4. Valuation

4.1 Price/Earnings Ratio

FG is valuated reasonably with a Price/Earnings ratio of 9.43.
FG's Price/Earnings ratio is a bit cheaper when compared to the industry. FG is cheaper than 67.61% of the companies in the same industry.
FG is valuated cheaply when we compare the Price/Earnings ratio to 29.62, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 7.25 indicates a rather cheap valuation of FG.
FG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FG is cheaper than 76.76% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. FG is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.43
Fwd PE 7.25
FG Price Earnings VS Forward Price EarningsFG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FG indicates a somewhat cheap valuation: FG is cheaper than 74.65% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, FG is valued cheaply inside the industry as 95.77% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 0.74
EV/EBITDA 5.59
FG Per share dataFG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40

4.3 Compensation for Growth

FG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FG's earnings are expected to grow with 23.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y23.52%
EPS Next 3YN/A

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2

5. Dividend

5.1 Amount

FG has a Yearly Dividend Yield of 2.14%.
FG's Dividend Yield is comparable with the industry average which is at 3.17.
Compared to an average S&P500 Dividend Yield of 2.27, FG has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.14%

5.2 History

FG has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
FG Yearly Dividends per shareFG Yearly Dividends per shareYearly Dividends per share 2019 2020 2023 2024 0.2 0.4 0.6 0.8

5.3 Sustainability

DPN/A
EPS Next 2Y23.52%
EPS Next 3YN/A
FG Yearly Income VS Free CF VS DividendFG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2019 2020 2021 2022 2023 0 1B 2B 3B 4B 5B

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F&G ANNUITIES & LIFE INC

NYSE:FG (2/21/2025, 8:17:53 PM)

After market: 40.18 0 (0%)

40.18

-3.84 (-8.72%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-20 2025-02-20/amc
Earnings (Next)05-06 2025-05-06/amc
Inst Owners96.04%
Inst Owner Change0%
Ins Owners2.05%
Ins Owner Change0.41%
Market Cap5.07B
Analysts43.64
Price Target47.94 (19.31%)
Short Float %0.28%
Short Ratio5.47
Dividend
Industry RankSector Rank
Dividend Yield 2.14%
Yearly Dividend0.8
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.51%
Min EPS beat(2)-5.15%
Max EPS beat(2)8.17%
EPS beat(4)1
Avg EPS beat(4)-14.67%
Min EPS beat(4)-44.78%
Max EPS beat(4)8.17%
EPS beat(8)2
Avg EPS beat(8)-12.3%
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)1
Avg Revenue beat(2)1.33%
Min Revenue beat(2)-11.95%
Max Revenue beat(2)14.6%
Revenue beat(4)3
Avg Revenue beat(4)13.19%
Min Revenue beat(4)-11.95%
Max Revenue beat(4)30.42%
Revenue beat(8)5
Avg Revenue beat(8)5.39%
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)0.71%
PT rev (3m)6.02%
EPS NQ rev (1m)-3.24%
EPS NQ rev (3m)-3.91%
EPS NY rev (1m)3.37%
EPS NY rev (3m)5.59%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.04%
Valuation
Industry RankSector Rank
PE 9.43
Fwd PE 7.25
P/S 0.89
P/FCF 0.74
P/OCF 0.73
P/B 1.17
P/tB N/A
EV/EBITDA 5.59
EPS(TTM)4.26
EY10.6%
EPS(NY)5.54
Fwd EY13.8%
FCF(TTM)54.53
FCFY135.72%
OCF(TTM)54.73
OCFY136.21%
SpS45.32
BVpS34.47
TBVpS-25.24
PEG (NY)0.31
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0%
ROE 0%
ROCE 0.14%
ROIC 0.11%
ROICexc 0.12%
ROICexgc 0.16%
OM 1.94%
PM (TTM) N/A
GM N/A
FCFM 120.32%
ROA(3y)0.86%
ROA(5y)N/A
ROE(3y)12.47%
ROE(5y)N/A
ROIC(3y)0.97%
ROIC(5y)N/A
ROICexc(3y)0.99%
ROICexc(5y)N/A
ROICexgc(3y)1.1%
ROICexgc(5y)N/A
ROCE(3y)1.2%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 0.3
Debt/EBITDA 3.19
Cap/Depr 4.74%
Cap/Sales 0.44%
Interest Coverage 0.95
Cash Conversion 1081.66%
Profit Quality N/A
Current Ratio 0.29
Quick Ratio 0.29
Altman-Z 0.11
F-Score4
WACC8.1%
ROIC/WACC0.01
Cap/Depr(3y)7.7%
Cap/Depr(5y)14.74%
Cap/Sales(3y)0.94%
Cap/Sales(5y)1.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)65.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%86.67%
EPS Next Y30.13%
EPS Next 2Y23.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-3.29%
Revenue Next Year-6.59%
Revenue Next 2Y1.25%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-53.94%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y153.45%
FCF growth 3Y449.49%
FCF growth 5YN/A
OCF growth 1Y150.67%
OCF growth 3Y352.42%
OCF growth 5YN/A