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TREAN INSURANCE GROUP INC (TIG) Stock Fundamental Analysis

NASDAQ:TIG - Nasdaq - US89457R1014 - Common Stock - Currency: USD

6.16  +0.01 (+0.16%)

After market: 6.16 0 (0%)

Fundamental Rating

4

Overall TIG gets a fundamental rating of 4 out of 10. We evaluated TIG against 144 industry peers in the Insurance industry. TIG may be in some trouble as it scores bad on both profitability and health. TIG is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

TIG had positive earnings in the past year.
TIG had a positive operating cash flow in the past year.
TIG had positive earnings in 4 of the past 5 years.
TIG had a positive operating cash flow in each of the past 5 years.
TIG Yearly Net Income VS EBIT VS OCF VS FCFTIG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 0 50M -50M 100M

1.2 Ratios

The profitability ratios for TIG are negative, so there is not much use analyzing them.
TIG has a Return On Invested Capital of 0.82%. This is comparable to the rest of the industry: TIG outperforms 56.34% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TIG is in line with the industry average of 4.59%.
Industry RankSector Rank
ROA N/A
ROE N/A
ROIC 0.82%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)2.75%
ROIC(5y)N/A
TIG Yearly ROA, ROE, ROICTIG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 0 10 -10 20 -20

1.3 Margins

TIG's Operating Margin of 5.19% is in line compared to the rest of the industry. TIG outperforms 52.82% of its industry peers.
In the last couple of years the Operating Margin of TIG has declined.
The Profit Margin and Gross Margin are not available for TIG so they could not be analyzed.
Industry RankSector Rank
OM 5.19%
PM (TTM) N/A
GM N/A
OM growth 3Y-45.88%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
TIG Yearly Profit, Operating, Gross MarginsTIG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 0 20 -20 40 60

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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TIG is destroying value.
The number of shares outstanding for TIG remains at a similar level compared to 1 year ago.
Compared to 1 year ago, TIG has a worse debt to assets ratio.
TIG Yearly Shares OutstandingTIG Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 10M 20M 30M 40M 50M
TIG Yearly Total Debt VS Total AssetsTIG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 500M 1B 1.5B

2.2 Solvency

The Debt to FCF ratio of TIG is 0.71, which is an excellent value as it means it would take TIG, only 0.71 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TIG (0.71) is better than 84.51% of its industry peers.
TIG has a Debt/Equity ratio of 0.24. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of TIG (0.24) is better than 72.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 0.71
Altman-Z N/A
ROIC/WACC0.11
WACC7.55%
TIG Yearly LT Debt VS Equity VS FCFTIG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 100M 200M 300M 400M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
TIG Yearly Current Assets VS Current LiabilitesTIG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 50M 100M 150M

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6

3. Growth

3.1 Past

The earnings per share for TIG have decreased strongly by -62.79% in the last year.
TIG shows a strong growth in Revenue. In the last year, the Revenue has grown by 45.93%.
TIG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 48.63% yearly.
EPS 1Y (TTM)-62.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-650%
Revenue 1Y (TTM)45.93%
Revenue growth 3Y48.63%
Revenue growth 5YN/A
Sales Q2Q%40.41%

3.2 Future

Based on estimates for the next years, TIG will show a very strong growth in Earnings Per Share. The EPS will grow by 102.56% on average per year.
The Revenue is expected to grow by 12.58% on average over the next years. This is quite good.
EPS Next Y230.35%
EPS Next 2Y102.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.62%
Revenue Next 2Y12.58%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
TIG Yearly Revenue VS EstimatesTIG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
TIG Yearly EPS VS EstimatesTIG Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6

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5

4. Valuation

4.1 Price/Earnings Ratio

TIG is valuated quite expensively with a Price/Earnings ratio of 38.50.
TIG's Price/Earnings ratio is a bit more expensive when compared to the industry. TIG is more expensive than 64.08% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.63, TIG is valued a bit more expensive.
With a Price/Forward Earnings ratio of 11.65, the valuation of TIG can be described as very reasonable.
TIG's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, TIG is valued a bit cheaper.
Industry RankSector Rank
PE 38.5
Fwd PE 11.65
TIG Price Earnings VS Forward Price EarningsTIG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, TIG is valued a bit cheaper than the industry average as 64.79% of the companies are valued more expensively.
79.58% of the companies in the same industry are more expensive than TIG, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 2.91
EV/EBITDA 12.33
TIG Per share dataTIG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

TIG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
TIG's earnings are expected to grow with 102.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.17
PEG (5Y)N/A
EPS Next 2Y102.56%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for TIG!.
Industry RankSector Rank
Dividend Yield N/A

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TREAN INSURANCE GROUP INC

NASDAQ:TIG (4/20/2023, 8:13:47 PM)

After market: 6.16 0 (0%)

6.16

+0.01 (+0.16%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)03-09 2023-03-09/amc
Earnings (Next)05-02 2023-05-02/amc
Inst Owners0%
Inst Owner Change0%
Ins Owners0.09%
Ins Owner Change0%
Market Cap315.63M
Analysts49.09
Price Target6.27 (1.79%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-162.24%
Min EPS beat(2)-348.94%
Max EPS beat(2)24.47%
EPS beat(4)2
Avg EPS beat(4)-66.03%
Min EPS beat(4)-348.94%
Max EPS beat(4)61.35%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)25.08%
Min Revenue beat(2)17.76%
Max Revenue beat(2)32.41%
Revenue beat(4)3
Avg Revenue beat(4)15.76%
Min Revenue beat(4)-0.52%
Max Revenue beat(4)32.41%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-13.07%
EPS NQ rev (1m)25%
EPS NQ rev (3m)-16.67%
EPS NY rev (1m)-3.53%
EPS NY rev (3m)-3.53%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.54%
Revenue NY rev (3m)1.54%
Valuation
Industry RankSector Rank
PE 38.5
Fwd PE 11.65
P/S 1.01
P/FCF 2.91
P/OCF 2.9
P/B 1
P/tB 1.74
EV/EBITDA 12.33
EPS(TTM)0.16
EY2.6%
EPS(NY)0.53
Fwd EY8.58%
FCF(TTM)2.12
FCFY34.41%
OCF(TTM)2.13
OCFY34.52%
SpS6.13
BVpS6.15
TBVpS3.54
PEG (NY)0.17
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA N/A
ROE N/A
ROCE N/A
ROIC 0.82%
ROICexc 0.88%
ROICexgc 1.68%
OM 5.19%
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)2.75%
ROIC(5y)N/A
ROICexc(3y)1.54%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-22.13%
ROICexcg growth 5YN/A
ROICexc growth 3Y-34.53%
ROICexc growth 5YN/A
OM growth 3Y-45.88%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 0.71
Debt/EBITDA 3.34
Cap/Depr 4.97%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score3
WACC7.55%
ROIC/WACC0.11
Cap/Depr(3y)11.08%
Cap/Depr(5y)149.77%
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)-62.79%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-650%
EPS Next Y230.35%
EPS Next 2Y102.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)45.93%
Revenue growth 3Y48.63%
Revenue growth 5YN/A
Sales Q2Q%40.41%
Revenue Next Year7.62%
Revenue Next 2Y12.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-26.87%
EBIT growth 3Y-19.56%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y15.52%
FCF growth 3Y28.21%
FCF growth 5YN/A
OCF growth 1Y15.46%
OCF growth 3Y27.82%
OCF growth 5YN/A