RENAISSANCERE HOLDINGS LTD (RNR) Stock Fundamental Analysis
NYSE:RNR - New York Stock Exchange, Inc. - BMG7496G1033 - Common Stock - Currency: USD
Taking everything into account, RNR scores 5 out of 10 in our fundamental rating. RNR was compared to 144 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. RNR has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
RNR had positive earnings in the past year.
RNR had a positive operating cash flow in the past year.
In multiple years RNR reported negative net income over the last 5 years.
Of the past 5 years RNR 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.42%, RNR belongs to the top of the industry, outperforming 89.44% of the companies in the same industry.
RNR has a Return On Equity of 34.84%. This is amongst the best in the industry. RNR outperforms 95.77% of its industry peers.
The Return On Invested Capital of RNR (6.55%) is better than 83.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.42% | ||
| ROE | 34.84% | ||
| ROIC | 6.55% |
ROA(3y)0.62%
ROA(5y)1.37%
ROE(3y)1.53%
ROE(5y)5.19%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 33.92%, RNR belongs to the top of the industry, outperforming 94.37% of the companies in the same industry.
RNR's Profit Margin has improved in the last couple of years.
RNR's Operating Margin of 37.46% is amongst the best of the industry. RNR outperforms 95.07% of its industry peers.
RNR's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.46% | ||
| PM (TTM) | 33.92% | ||
| GM | N/A |
OM growth 3Y12.74%
OM growth 5Y13.83%
PM growth 3Y28.24%
PM growth 5Y25.78%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
RNR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
Based on the Altman-Z score of 0.88, we must say that RNR is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of RNR (0.88) is better than 80.99% of its industry peers.
The Debt to FCF ratio of RNR is 0.50, which is an excellent value as it means it would take RNR, only 0.50 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.50, RNR belongs to the top of the industry, outperforming 83.80% of the companies in the same industry.
RNR has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.17, RNR is doing good in the industry, outperforming 71.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.5 | ||
| Altman-Z | 0.88 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.55 indicates that RNR may have some problems paying its short term obligations.
RNR's Current ratio of 0.55 is fine compared to the rest of the industry. RNR outperforms 75.35% of its industry peers.
A Quick Ratio of 0.55 indicates that RNR may have some problems paying its short term obligations.
RNR's Quick ratio of 0.55 is fine compared to the rest of the industry. RNR outperforms 75.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 |
3. Growth
3.1 Past
RNR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.74%, which is quite good.
The Earnings Per Share has been growing by 36.08% on average over the past years. This is a very strong growth
EPS 1Y (TTM)15.74%
EPS 3Y208.53%
EPS 5Y36.08%
EPS Q2Q%-31.52%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%31.48%
3.2 Future
The Earnings Per Share is expected to decrease by -6.82% on average over the next years.
Based on estimates for the next years, RNR will show a small growth in Revenue. The Revenue will grow by 4.10% on average per year.
EPS Next Y-20.44%
EPS Next 2Y-6.82%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.61%
Revenue Next 2Y4.1%
Revenue Next 3YN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
RNR is valuated cheaply with a Price/Earnings ratio of 5.42.
78.17% of the companies in the same industry are more expensive than RNR, based on the Price/Earnings ratio.
RNR is valuated cheaply when we compare the Price/Earnings ratio to 28.47, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 6.81, the valuation of RNR can be described as very cheap.
78.17% of the companies in the same industry are more expensive than RNR, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 92.74. RNR is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.42 | ||
| Fwd PE | 6.81 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RNR indicates a somewhat cheap valuation: RNR is cheaper than 78.87% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.1 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of RNR may justify a higher PE ratio.
A cheap valuation may be justified as RNR's earnings are expected to decrease with -6.82% in the coming years.
PEG (NY)N/A
PEG (5Y)0.15
EPS Next 2Y-6.82%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.67%, RNR is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.13, RNR is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.28, RNR's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.67% |
5.2 History
The dividend of RNR has a limited annual growth rate of 2.54%.
RNR has paid a dividend for at least 10 years, which is 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)2.54%
Div Incr Years26
Div Non Decr Years26
5.3 Sustainability
RNR pays out 2.97% of its income as dividend. This is a sustainable payout ratio.
DP2.97%
EPS Next 2Y-6.82%
EPS Next 3YN/A
RENAISSANCERE HOLDINGS LTD
NYSE:RNR (2/4/2025, 8:05:21 PM)
After market: 232.41 0 (0%)232.41
+0.18 (+0.08%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners99.98%
Inst Owner Change-0.54%
Ins Owners1.16%
Ins Owner Change-0.47%
Market Cap12.07B
Analysts71.11
Price Target294.17 (26.57%)
Short Float %3.34%
Short Ratio3.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.67% |
Yearly Dividend2.29
Dividend Growth(5Y)2.54%
DP2.97%
Div Incr Years26
Div Non Decr Years26
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)23.06%
Min EPS beat(2)15.42%
Max EPS beat(2)30.69%
EPS beat(4)4
Avg EPS beat(4)29.08%
Min EPS beat(4)15.42%
Max EPS beat(4)42.03%
EPS beat(8)8
Avg EPS beat(8)23.7%
EPS beat(12)10
Avg EPS beat(12)12.78%
EPS beat(16)12
Avg EPS beat(16)4.47%
Revenue beat(2)0
Avg Revenue beat(2)-8.01%
Min Revenue beat(2)-14.49%
Max Revenue beat(2)-1.53%
Revenue beat(4)1
Avg Revenue beat(4)-2.48%
Min Revenue beat(4)-14.49%
Max Revenue beat(4)12.58%
Revenue beat(8)2
Avg Revenue beat(8)-1.45%
Revenue beat(12)2
Avg Revenue beat(12)-8.96%
Revenue beat(16)5
Avg Revenue beat(16)-0.54%
PT rev (1m)-1.97%
PT rev (3m)-1.99%
EPS NQ rev (1m)12.21%
EPS NQ rev (3m)-28.73%
EPS NY rev (1m)0.97%
EPS NY rev (3m)5.77%
Revenue NQ rev (1m)-7.41%
Revenue NQ rev (3m)-16.91%
Revenue NY rev (1m)-2.86%
Revenue NY rev (3m)1.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.42 | ||
| Fwd PE | 6.81 | ||
| P/S | 1.05 | ||
| P/FCF | 3.1 | ||
| P/OCF | 3.1 | ||
| P/B | 1.07 | ||
| P/tB | 1.15 | ||
| EV/EBITDA | N/A |
EPS(TTM)42.88
EY18.45%
EPS(NY)34.11
Fwd EY14.68%
FCF(TTM)75.06
FCFY32.29%
OCF(TTM)75.06
OCFY32.29%
SpS222.32
BVpS216.45
TBVpS202.64
PEG (NY)N/A
PEG (5Y)0.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.42% | ||
| ROE | 34.84% | ||
| ROCE | 8.29% | ||
| ROIC | 6.55% | ||
| ROICexc | 6.76% | ||
| ROICexgc | 7.88% | ||
| OM | 37.46% | ||
| PM (TTM) | 33.92% | ||
| GM | N/A | ||
| FCFM | 33.76% |
ROA(3y)0.62%
ROA(5y)1.37%
ROE(3y)1.53%
ROE(5y)5.19%
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
ROICexcg growth 3Y12.47%
ROICexcg growth 5Y22.51%
ROICexc growth 3Y12.17%
ROICexc growth 5Y23.5%
OM growth 3Y12.74%
OM growth 5Y13.83%
PM growth 3Y28.24%
PM growth 5Y25.78%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.5 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 99.54% | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 | ||
| Altman-Z | 0.88 |
F-Score6
WACCN/A
ROIC/WACCN/A
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)15.74%
EPS 3Y208.53%
EPS 5Y36.08%
EPS Q2Q%-31.52%
EPS Next Y-20.44%
EPS Next 2Y-6.82%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%31.48%
Revenue Next Year2.61%
Revenue Next 2Y4.1%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y49.79%
EBIT growth 3Y32.76%
EBIT growth 5Y50.56%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y199.09%
FCF growth 3Y-1.37%
FCF growth 5Y9.37%
OCF growth 1Y199.09%
OCF growth 3Y-1.37%
OCF growth 5Y9.37%