RENAISSANCERE HOLDINGS LTD (RNR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:RNR - BMG7496G1033 - Common Stock
273.15 USD
-6.36 (-2.28%)
273.15 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to RNR. RNR was compared to 146 industry peers in the Insurance industry. RNR has only an average score on both its financial health and profitability. RNR is valued quite cheap, while showing a decent growth score. This is a good combination! This makes RNR very considerable for value investing!
1. Profitability
1.1 Basic Checks
RNR had positive earnings in the past year.
In the past year RNR had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: RNR reported negative net income in multiple years.
Each year in the past 5 years RNR had a positive operating cash flow.
1.2 Ratios
RNR has a better Return On Assets (3.06%) than 65.54% of its industry peers.
RNR has a better Return On Equity (14.51%) than 68.24% of its industry peers.
The Return On Invested Capital of RNR (4.30%) is better than 71.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.06% | ||
| ROE | 14.51% | ||
| ROIC | 4.3% |
ROA(3y)1.88%
ROA(5y)1.55%
ROE(3y)7.6%
ROE(5y)6.25%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
RNR has a better Profit Margin (13.59%) than 72.30% of its industry peers.
In the last couple of years the Profit Margin of RNR has declined.
RNR has a Operating Margin of 24.04%. This is amongst the best in the industry. RNR outperforms 82.43% of its industry peers.
In the last couple of years the Operating Margin of RNR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.04% | ||
| PM (TTM) | 13.59% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5Y3.17%
PM growth 3YN/A
PM growth 5Y-2%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
RNR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
RNR has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, RNR has more shares outstanding
RNR has a better debt/assets ratio than last year.
2.2 Solvency
RNR has an Altman-Z score of 0.83. This is a bad value and indicates that RNR is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 0.83, RNR is doing good in the industry, outperforming 77.70% of the companies in the same industry.
RNR has a debt to FCF ratio of 0.56. This is a very positive value and a sign of high solvency as it would only need 0.56 years to pay back of all of its debts.
RNR's Debt to FCF ratio of 0.56 is fine compared to the rest of the industry. RNR outperforms 79.73% of its industry peers.
A Debt/Equity ratio of 0.19 indicates that RNR is not too dependend on debt financing.
RNR's Debt to Equity ratio of 0.19 is fine compared to the rest of the industry. RNR outperforms 69.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 0.56 | ||
| Altman-Z | 0.83 |
ROIC/WACC0.53
WACC8.12%
2.3 Liquidity
A Current Ratio of 0.18 indicates that RNR may have some problems paying its short term obligations.
The Current ratio of RNR (0.18) is better than 68.24% of its industry peers.
RNR has a Quick Ratio of 0.18. This is a bad value and indicates that RNR is not financially healthy enough and could expect problems in meeting its short term obligations.
RNR has a Quick ratio of 0.18. This is in the better half of the industry: RNR outperforms 68.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
The earnings per share for RNR have decreased strongly by -25.99% in the last year.
The Earnings Per Share has been growing by 36.08% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 6.33% in the past year.
RNR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.24% yearly.
EPS 1Y (TTM)-25.99%
EPS 3Y208.53%
EPS 5Y36.08%
EPS Q2Q%52.69%
Revenue 1Y (TTM)6.33%
Revenue growth 3Y30.87%
Revenue growth 5Y23.24%
Sales Q2Q%-5.77%
3.2 Future
RNR is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.78% yearly.
RNR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.03% yearly.
EPS Next Y-18.14%
EPS Next 2Y-8.6%
EPS Next 3Y-2.78%
EPS Next 5YN/A
Revenue Next Year1.29%
Revenue Next 2Y-1.72%
Revenue Next 3Y-0.03%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 7.92, the valuation of RNR can be described as very cheap.
75.68% of the companies in the same industry are more expensive than RNR, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of RNR to the average of the S&P500 Index (27.19), we can say RNR is valued rather cheaply.
The Price/Forward Earnings ratio is 7.63, which indicates a rather cheap valuation of RNR.
Based on the Price/Forward Earnings ratio, RNR is valued a bit cheaper than 75.68% of the companies in the same industry.
RNR is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.92, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.92 | ||
| Fwd PE | 7.63 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RNR is valued cheaply inside the industry as 81.76% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RNR indicates a rather cheap valuation: RNR is cheaper than 81.76% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.16 | ||
| EV/EBITDA | 4.43 |
4.3 Compensation for Growth
RNR's earnings are expected to decrease with -2.78% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.22
EPS Next 2Y-8.6%
EPS Next 3Y-2.78%
5. Dividend
5.1 Amount
RNR has a yearly dividend return of 0.57%, which is pretty low.
Compared to an average industry Dividend Yield of 2.42, RNR is paying slightly less dividend.
With a Dividend Yield of 0.57, RNR pays less dividend than the S&P500 average, which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
5.2 History
The dividend of RNR has a limited annual growth rate of 0.22%.
RNR has been paying a dividend for at least 10 years, so it has a reliable track record.
RNR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.22%
Div Incr Years26
Div Non Decr Years26
5.3 Sustainability
6.75% of the earnings are spent on dividend by RNR. This is a low number and sustainable payout ratio.
DP6.75%
EPS Next 2Y-8.6%
EPS Next 3Y-2.78%
273.15
-6.36 (-2.28%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners98.51%
Inst Owner Change0.06%
Ins Owners1.16%
Ins Owner Change-0.47%
Market Cap12.59B
Revenue(TTM)12.28B
Net Income(TTM)1.67B
Analysts69.09
Price Target295.29 (8.11%)
Short Float %3.18%
Short Ratio3.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
Yearly Dividend2.26
Dividend Growth(5Y)0.22%
DP6.75%
Div Incr Years26
Div Non Decr Years26
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)40.9%
Min EPS beat(2)23.67%
Max EPS beat(2)58.13%
EPS beat(4)3
Avg EPS beat(4)19.84%
Min EPS beat(4)-15.92%
Max EPS beat(4)58.13%
EPS beat(8)7
Avg EPS beat(8)24.46%
EPS beat(12)11
Avg EPS beat(12)22.41%
EPS beat(16)13
Avg EPS beat(16)14.54%
Revenue beat(2)0
Avg Revenue beat(2)-4.45%
Min Revenue beat(2)-7.47%
Max Revenue beat(2)-1.43%
Revenue beat(4)1
Avg Revenue beat(4)-2.04%
Min Revenue beat(4)-8.02%
Max Revenue beat(4)8.76%
Revenue beat(8)2
Avg Revenue beat(8)-2.26%
Revenue beat(12)3
Avg Revenue beat(12)-1.65%
Revenue beat(16)3
Avg Revenue beat(16)-7.23%
PT rev (1m)0.6%
PT rev (3m)3.86%
EPS NQ rev (1m)0.34%
EPS NQ rev (3m)12.25%
EPS NY rev (1m)2.11%
EPS NY rev (3m)46.54%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)4.21%
Revenue NY rev (1m)3.41%
Revenue NY rev (3m)3.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.92 | ||
| Fwd PE | 7.63 | ||
| P/S | 1.03 | ||
| P/FCF | 3.16 | ||
| P/OCF | 3.16 | ||
| P/B | 1.09 | ||
| P/tB | 1.16 | ||
| EV/EBITDA | 4.43 |
EPS(TTM)34.48
EY12.62%
EPS(NY)35.82
Fwd EY13.11%
FCF(TTM)86.51
FCFY31.67%
OCF(TTM)86.51
OCFY31.67%
SpS266.29
BVpS249.45
TBVpS235.33
PEG (NY)N/A
PEG (5Y)0.22
Graham Number439.92
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.06% | ||
| ROE | 14.51% | ||
| ROCE | 5.45% | ||
| ROIC | 4.3% | ||
| ROICexc | 4.44% | ||
| ROICexgc | 5.06% | ||
| OM | 24.04% | ||
| PM (TTM) | 13.59% | ||
| GM | N/A | ||
| FCFM | 32.49% |
ROA(3y)1.88%
ROA(5y)1.55%
ROE(3y)7.6%
ROE(5y)6.25%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y10.38%
ROICexc growth 3YN/A
ROICexc growth 5Y11.16%
OM growth 3YN/A
OM growth 5Y3.17%
PM growth 3YN/A
PM growth 5Y-2%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 0.56 | ||
| Debt/EBITDA | 0.75 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 134.73% | ||
| Profit Quality | 239.06% | ||
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 | ||
| Altman-Z | 0.83 |
F-Score5
WACC8.12%
ROIC/WACC0.53
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-25.99%
EPS 3Y208.53%
EPS 5Y36.08%
EPS Q2Q%52.69%
EPS Next Y-18.14%
EPS Next 2Y-8.6%
EPS Next 3Y-2.78%
EPS Next 5YN/A
Revenue 1Y (TTM)6.33%
Revenue growth 3Y30.87%
Revenue growth 5Y23.24%
Sales Q2Q%-5.77%
Revenue Next Year1.29%
Revenue Next 2Y-1.72%
Revenue Next 3Y-0.03%
Revenue Next 5YN/A
EBIT growth 1Y-31.76%
EBIT growth 3YN/A
EBIT growth 5Y27.14%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y87.07%
FCF growth 3Y49.97%
FCF growth 5Y14.27%
OCF growth 1Y87.07%
OCF growth 3Y49.97%
OCF growth 5Y14.27%
RENAISSANCERE HOLDINGS LTD / RNR FAQ
What is the ChartMill fundamental rating of RENAISSANCERE HOLDINGS LTD (RNR) stock?
ChartMill assigns a fundamental rating of 5 / 10 to RNR.
What is the valuation status for RNR stock?
ChartMill assigns a valuation rating of 7 / 10 to RENAISSANCERE HOLDINGS LTD (RNR). This can be considered as Undervalued.
What is the profitability of RNR stock?
RENAISSANCERE HOLDINGS LTD (RNR) has a profitability rating of 5 / 10.
What are the PE and PB ratios of RENAISSANCERE HOLDINGS LTD (RNR) stock?
The Price/Earnings (PE) ratio for RENAISSANCERE HOLDINGS LTD (RNR) is 7.92 and the Price/Book (PB) ratio is 1.09.
Can you provide the expected EPS growth for RNR stock?
The Earnings per Share (EPS) of RENAISSANCERE HOLDINGS LTD (RNR) is expected to decline by -18.14% in the next year.