RENAISSANCERE HOLDINGS LTD (RNR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:RNR - BMG7496G1033 - Common Stock
264.8 USD
-3.88 (-1.44%)
264.8 USD
0 (0%)
RNR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 147 industry peers in the Insurance industry. Both the profitability and the financial health of RNR get a neutral evaluation. Nothing too spectacular is happening here. A decent growth rate in combination with a cheap valuation! Better keep an eye on RNR. 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.
In multiple years RNR reported negative net income over the last 5 years.
Each year in the past 5 years RNR had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 3.06%, RNR is doing good in the industry, outperforming 63.51% of the companies in the same industry.
RNR has a Return On Equity of 14.51%. This is in the better half of the industry: RNR outperforms 67.57% of its industry peers.
RNR has a better Return On Invested Capital (4.30%) 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
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.
RNR's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 24.04%, RNR belongs to the best of the industry, outperforming 83.78% of the companies in the same industry.
RNR's Operating Margin has improved in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), RNR is destroying value.
The number of shares outstanding for RNR has been reduced compared to 1 year ago.
The number of shares outstanding for RNR has been increased compared to 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 0.83. This is a bad value and indicates that RNR is not financially healthy and even has some risk of bankruptcy.
RNR has a Altman-Z score of 0.83. This is in the better half of the industry: RNR outperforms 77.03% of its industry peers.
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.
The Debt to FCF ratio of RNR (0.56) is better than 79.05% of its industry peers.
RNR has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
RNR has a better Debt to Equity ratio (0.19) than 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
WACC8.07%
2.3 Liquidity
A Current Ratio of 0.18 indicates that RNR may have some problems paying its short term obligations.
RNR has a Current ratio of 0.18. This is in the better half of the industry: RNR outperforms 66.89% 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's Quick ratio of 0.18 is fine compared to the rest of the industry. RNR outperforms 66.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
RNR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.99%.
RNR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 36.08% yearly.
The Revenue has been growing slightly by 6.33% in the past year.
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
RNR is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.89% yearly.
Based on estimates for the next years, RNR will show a small growth in Revenue. The Revenue will grow by 0.11% on average per year.
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
With a Price/Earnings ratio of 7.68, the valuation of RNR can be described as very cheap.
Based on the Price/Earnings ratio, RNR is valued a bit cheaper than 74.32% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.49. RNR is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 7.39 indicates a rather cheap valuation of RNR.
Based on the Price/Forward Earnings ratio, RNR is valued a bit cheaper than the industry average as 74.32% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of RNR to the average of the S&P500 Index (23.69), we can say RNR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.68 | ||
| Fwd PE | 7.39 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RNR is valued cheaper than 81.08% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, RNR is valued cheaper than 81.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.06 | ||
| EV/EBITDA | 4.3 |
4.3 Compensation for Growth
A cheap valuation may be justified as RNR's earnings are expected to decrease with -2.89% in the coming years.
PEG (NY)N/A
PEG (5Y)0.21
EPS Next 2Y-8.58%
EPS Next 3Y-2.89%
5. Dividend
5.1 Amount
RNR has a yearly dividend return of 0.60%, which is pretty low.
RNR's Dividend Yield is slightly below the industry average, which is at 3.48.
With a Dividend Yield of 0.60, RNR pays less dividend than the S&P500 average, which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
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 their dividend for at least 10 years, which is a reliable track record.
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%
264.8
-3.88 (-1.44%)
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 Cap12.21B
Revenue(TTM)12.28B
Net Income(TTM)1.67B
Analysts69.52
Price Target293.52 (10.85%)
Short Float %2.11%
Short Ratio2.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
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)1.88%
EPS NQ rev (1m)5.15%
EPS NQ rev (3m)13.18%
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)-0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.68 | ||
| Fwd PE | 7.39 | ||
| P/S | 0.99 | ||
| P/FCF | 3.06 | ||
| P/OCF | 3.06 | ||
| P/B | 1.06 | ||
| P/tB | 1.13 | ||
| EV/EBITDA | 4.3 |
EPS(TTM)34.48
EY13.02%
EPS(NY)35.84
Fwd EY13.53%
FCF(TTM)86.51
FCFY32.67%
OCF(TTM)86.51
OCFY32.67%
SpS266.29
BVpS249.45
TBVpS235.33
PEG (NY)N/A
PEG (5Y)0.21
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
WACC8.07%
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 7 / 10 to RENAISSANCERE HOLDINGS LTD (RNR). This can be considered as Undervalued.
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 7.68 and the Price/Book (PB) ratio is 1.06.
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%.