RENAISSANCERE HOLDINGS LTD (RNR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:RNR - BMG7496G1033 - Common Stock
281.39 USD
-0.76 (-0.27%)
281.39 USD
0 (0%)
RNR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 148 industry peers in the Insurance industry. RNR has an average financial health and profitability rating. RNR has a decent growth rate and is not valued too expensively.
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.
In multiple years RNR reported negative net income over the last 5 years.
In the past 5 years RNR always reported a positive cash flow from operatings.
1.2 Ratios
RNR's Return On Assets of 3.06% is fine compared to the rest of the industry. RNR outperforms 64.86% of its industry peers.
RNR's Return On Equity of 14.51% is fine compared to the rest of the industry. RNR outperforms 67.57% of its industry peers.
The Return On Invested Capital of RNR (4.30%) is better than 70.95% 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
With a decent Profit Margin value of 13.59%, RNR is doing good in the industry, outperforming 71.62% of the companies in the same industry.
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.
Compared to 1 year ago, RNR has less shares outstanding
RNR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for RNR has been reduced compared to a year ago.
2.2 Solvency
RNR has an Altman-Z score of 0.84. This is a bad value and indicates that RNR is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.84, RNR is in the better half of the industry, outperforming 77.70% of the companies in the same industry.
The Debt to FCF ratio of RNR is 0.56, which is an excellent value as it means it would take RNR, only 0.56 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.56, RNR is in the better half of the industry, outperforming 79.73% of the companies in the same industry.
A Debt/Equity ratio of 0.19 indicates that RNR is not too dependend on debt financing.
The Debt to Equity ratio of RNR (0.19) is better than 68.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 0.56 | ||
| Altman-Z | 0.84 |
ROIC/WACC0.53
WACC8.13%
2.3 Liquidity
RNR has a Current 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.
With a decent Current ratio value of 0.18, RNR is doing good in the industry, outperforming 66.89% of the companies in the same industry.
A Quick Ratio of 0.18 indicates that RNR may have some problems paying its short term obligations.
RNR has a better Quick ratio (0.18) than 66.89% 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.
RNR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 36.08% yearly.
RNR shows a small growth in Revenue. In the last year, the Revenue has grown by 6.33%.
Measured over the past years, RNR shows a very strong growth in Revenue. The Revenue has been growing by 23.24% on average per year.
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
The Earnings Per Share is expected to decrease by -2.89% on average over the next years.
RNR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.11% yearly.
EPS Next Y-19.83%
EPS Next 2Y-8.58%
EPS Next 3Y-2.89%
EPS Next 5YN/A
Revenue Next Year-2.05%
Revenue Next 2Y-1.59%
Revenue Next 3Y0.11%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
RNR is valuated reasonably with a Price/Earnings ratio of 8.16.
RNR's Price/Earnings ratio is a bit cheaper when compared to the industry. RNR is cheaper than 75.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of RNR to the average of the S&P500 Index (26.50), we can say RNR is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.85, the valuation of RNR can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of RNR indicates a somewhat cheap valuation: RNR is cheaper than 73.65% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.93, RNR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.16 | ||
| Fwd PE | 7.85 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RNR is valued cheaper than 81.76% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RNR indicates a rather cheap valuation: RNR is cheaper than 82.43% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.25 | ||
| EV/EBITDA | 4.56 |
4.3 Compensation for Growth
RNR's earnings are expected to decrease with -2.89% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.23
EPS Next 2Y-8.58%
EPS Next 3Y-2.89%
5. Dividend
5.1 Amount
With a yearly dividend of 0.58%, RNR is not a good candidate for dividend investing.
RNR's Dividend Yield is slightly below the industry average, which is at 2.30.
With a Dividend Yield of 0.58, RNR pays less dividend than the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.58% |
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
RNR pays out 6.75% of its income as dividend. This is a sustainable payout ratio.
DP6.75%
EPS Next 2Y-8.58%
EPS Next 3Y-2.89%
281.39
-0.76 (-0.27%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners98.42%
Inst Owner Change1.57%
Ins Owners1.16%
Ins Owner Change-0.47%
Market Cap12.97B
Revenue(TTM)12.28B
Net Income(TTM)1.67B
Analysts69.52
Price TargetN/A
Short Float %2.44%
Short Ratio2.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.58% |
Yearly Dividend2.26
Dividend Growth(5Y)0.22%
DP6.75%
Div Incr Years26
Div Non Decr Years26
Ex-Date
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)2.16%
PT rev (3m)3.24%
EPS NQ rev (1m)0.7%
EPS NQ rev (3m)10.42%
EPS NY rev (1m)10.85%
EPS NY rev (3m)46.18%
Revenue NQ rev (1m)6.63%
Revenue NQ rev (3m)4.12%
Revenue NY rev (1m)-2.64%
Revenue NY rev (3m)-0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.16 | ||
| Fwd PE | 7.85 | ||
| P/S | 1.06 | ||
| P/FCF | 3.25 | ||
| P/OCF | 3.25 | ||
| P/B | 1.13 | ||
| P/tB | 1.2 | ||
| EV/EBITDA | 4.56 |
EPS(TTM)34.48
EY12.25%
EPS(NY)35.84
Fwd EY12.74%
FCF(TTM)86.51
FCFY30.74%
OCF(TTM)86.51
OCFY30.74%
SpS266.29
BVpS249.45
TBVpS235.33
PEG (NY)N/A
PEG (5Y)0.23
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 | 0.84 |
F-Score5
WACC8.13%
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-19.83%
EPS Next 2Y-8.58%
EPS Next 3Y-2.89%
EPS Next 5YN/A
Revenue 1Y (TTM)6.33%
Revenue growth 3Y30.87%
Revenue growth 5Y23.24%
Sales Q2Q%-5.77%
Revenue Next Year-2.05%
Revenue Next 2Y-1.59%
Revenue Next 3Y0.11%
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.
Can you provide the valuation status for RENAISSANCERE HOLDINGS LTD?
ChartMill assigns a valuation rating of 6 / 10 to RENAISSANCERE HOLDINGS LTD (RNR). This can be considered as Fairly Valued.
How profitable is RENAISSANCERE HOLDINGS LTD (RNR) stock?
RENAISSANCERE HOLDINGS LTD (RNR) has a profitability rating of 5 / 10.
What is the valuation of RENAISSANCERE HOLDINGS LTD based on its PE and PB ratios?
The Price/Earnings (PE) ratio for RENAISSANCERE HOLDINGS LTD (RNR) is 8.16 and the Price/Book (PB) ratio is 1.13.
Can you provide the dividend sustainability for RNR stock?
The dividend rating of RENAISSANCERE HOLDINGS LTD (RNR) is 4 / 10 and the dividend payout ratio is 6.75%.