RENAISSANCERE HOLDINGS LTD (RNR)
BMG7496G1033 - Common Stock
Overall RNR gets a fundamental rating of 6 out of 10. We evaluated RNR against 140 industry peers in the Insurance industry. RNR scores excellent on profitability, but there are some minor concerns on its financial health. RNR is evaluated to be cheap and growing strongly. This does not happen too often! With these ratings, RNR could be worth investigating further for value and growth investing!.
1. Profitability
1.1 Basic Checks
In the past year RNR was profitable.
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.
In the past 5 years RNR always reported a positive cash flow from operatings.
1.2 Ratios
RNR's Return On Assets of 7.42% is amongst the best of the industry. RNR outperforms 92.81% of its industry peers.
Looking at the Return On Equity, with a value of 34.84%, RNR belongs to the top of the industry, outperforming 98.56% of the companies in the same industry.
The Return On Invested Capital of RNR (6.55%) is better than 84.89% 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
RNR has a better Profit Margin (33.92%) than 94.96% of its industry peers.
In the last couple of years the Profit Margin of RNR has grown nicely.
The Operating Margin of RNR (37.46%) is better than 96.40% of its industry peers.
In the last couple of years the Operating Margin of RNR has grown nicely.
| 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
The number of shares outstanding for RNR has been increased compared to 1 year ago.
RNR has more shares outstanding than it did 5 years ago.
RNR has a worse debt/assets ratio than last year.
2.2 Solvency
RNR has an Altman-Z score of 0.91. This is a bad value and indicates that RNR is not financially healthy and even has some risk of bankruptcy.
RNR's Altman-Z score of 0.91 is amongst the best of the industry. RNR outperforms 81.30% 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.
The Debt to FCF ratio of RNR (0.50) is better than 84.89% of its industry peers.
RNR has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
RNR has a better Debt to Equity ratio (0.17) than 72.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.5 | ||
| Altman-Z | 0.91 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
RNR has a Current Ratio of 0.55. 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 Current ratio of 0.55. This is in the better half of the industry: RNR outperforms 75.54% 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 75.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 42.87% over the past year.
RNR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.22% yearly.
RNR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.87%.
Measured over the past years, RNR shows a very strong growth in Revenue. The Revenue has been growing by 32.27% on average per year.
EPS 1Y (TTM)42.87%
EPS 3Y297.48%
EPS 5Y32.22%
EPS Q2Q%22.81%
Revenue 1Y (TTM)18.87%
Revenue growth 3Y17.76%
Revenue growth 5Y32.27%
Sales Q2Q%18.49%
3.2 Future
Based on estimates for the next years, RNR will show a small growth in Earnings Per Share. The EPS will grow by 1.70% on average per year.
RNR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.35% yearly.
EPS Next Y10.22%
EPS Next 2Y-1.3%
EPS Next 3Y1.7%
EPS Next 5YN/A
Revenue Next Year44.58%
Revenue Next 2Y21.94%
Revenue Next 3Y15.35%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 5.68, the valuation of RNR can be described as very cheap.
Based on the Price/Earnings ratio, RNR is valued a bit cheaper than 79.86% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.96, RNR is valued rather cheaply.
With a Price/Forward Earnings ratio of 7.33, the valuation of RNR can be described as very cheap.
Based on the Price/Forward Earnings ratio, RNR is valued a bit cheaper than the industry average as 78.42% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.82. RNR is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.68 | ||
| Fwd PE | 7.33 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, RNR is valued cheaper than 80.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.53 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of RNR may justify a higher PE ratio.
PEG (NY)0.56
PEG (5Y)0.18
EPS Next 2Y-1.3%
EPS Next 3Y1.7%
5. Dividend
5.1 Amount
With a yearly dividend of 0.61%, RNR is not a good candidate for dividend investing.
RNR's Dividend Yield is slightly below the industry average, which is at 4.25.
Compared to an average S&P500 Dividend Yield of 2.23, RNR's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.61% |
5.2 History
The dividend of RNR has a limited annual growth rate of 2.53%.
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)2.53%
Div Incr Years25
Div Non Decr Years25
5.3 Sustainability
2.97% of the earnings are spent on dividend by RNR. This is a low number and sustainable payout ratio.
RNR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP2.97%
EPS Next 2Y-1.3%
EPS Next 3Y1.7%
RENAISSANCERE HOLDINGS LTD
NYSE:RNR (11/21/2024, 8:04:00 PM)
After market: 264.64 0 (0%)264.64
+0.34 (+0.13%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap13.75B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.61% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.68 | ||
| Fwd PE | 7.33 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.56
PEG (5Y)0.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.42% | ||
| ROE | 34.84% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 37.46% | ||
| PM (TTM) | 33.92% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)42.87%
EPS 3Y297.48%
EPS 5Y
EPS Q2Q%
EPS Next Y10.22%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)18.87%
Revenue growth 3Y17.76%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y