F&G ANNUITIES & LIFE INC (FG) Stock Fundamental Analysis
NYSE:FG - New York Stock Exchange, Inc. - US30190A1043 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to FG. FG was compared to 144 industry peers in the Insurance industry. FG scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FG scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
FG had positive earnings in the past year.
In the past year FG had a positive cash flow from operations.
In multiple years FG reported negative net income over the last 5 years.
In the past 5 years FG always reported a positive cash flow from operatings.
1.2 Ratios
FG has a Return On Assets of 0.55%. This is in the lower half of the industry: FG underperforms 68.75% of its industry peers.
The Return On Equity of FG (11.14%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 0.72%, FG is not doing good in the industry: 61.81% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for FG is below the industry average of 4.07%.
The 3 year average ROIC (0.65%) for FG is below the current ROIC(0.72%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.55% | ||
| ROE | 11.14% | ||
| ROIC | 0.72% |
ROA(3y)0.51%
ROA(5y)0.57%
ROE(3y)11.29%
ROE(5y)9.72%
ROIC(3y)0.65%
ROIC(5y)N/A
1.3 Margins
FG has a Profit Margin of 9.46%. This is in the better half of the industry: FG outperforms 61.81% of its industry peers.
In the last couple of years the Profit Margin of FG has declined.
With a decent Operating Margin value of 14.63%, FG is doing good in the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Operating Margin of FG has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.63% | ||
| PM (TTM) | 9.46% | ||
| GM | N/A |
OM growth 3Y-17.37%
OM growth 5Y-8.02%
PM growth 3Y-21%
PM growth 5Y-11.75%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FG is destroying value.
FG has more shares outstanding than it did 1 year ago.
The debt/assets ratio for FG is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.14, we must say that FG is in the distress zone and has some risk of bankruptcy.
FG has a Altman-Z score of 0.14. This is in the better half of the industry: FG outperforms 70.14% of its industry peers.
The Debt to FCF ratio of FG is 0.41, which is an excellent value as it means it would take FG, only 0.41 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.41, FG belongs to the best of the industry, outperforming 82.64% of the companies in the same industry.
A Debt/Equity ratio of 0.51 indicates that FG is somewhat dependend on debt financing.
FG has a worse Debt to Equity ratio (0.51) than 68.06% of its industry peers.
Although FG does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 0.41 | ||
| Altman-Z | 0.14 |
ROIC/WACC0.08
WACC9.52%
2.3 Liquidity
A Current Ratio of 0.39 indicates that FG may have some problems paying its short term obligations.
FG's Current ratio of 0.39 is fine compared to the rest of the industry. FG outperforms 73.61% of its industry peers.
FG has a Quick Ratio of 0.39. This is a bad value and indicates that FG is not financially healthy enough and could expect problems in meeting its short term obligations.
FG has a Quick ratio of 0.39. This is in the better half of the industry: FG outperforms 73.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.39 |
3. Growth
3.1 Past
FG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.08%, which is quite impressive.
FG shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.33% yearly.
FG shows a decrease in Revenue. In the last year, the revenue decreased by -0.48%.
Measured over the past years, FG shows a very strong growth in Revenue. The Revenue has been growing by 24.99% on average per year.
EPS 1Y (TTM)35.08%
EPS 3Y-11.8%
EPS 5Y9.33%
EPS Q2Q%-16.28%
Revenue 1Y (TTM)-0.48%
Revenue growth 3Y13.4%
Revenue growth 5Y24.99%
Sales Q2Q%-42.13%
3.2 Future
Based on estimates for the next years, FG will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.91% on average per year.
The Revenue is expected to grow by 5.15% on average over the next years.
EPS Next Y-8%
EPS Next 2Y17.19%
EPS Next 3Y17.91%
EPS Next 5YN/A
Revenue Next Year-7.11%
Revenue Next 2Y5.15%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue 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
FG is valuated cheaply with a Price/Earnings ratio of 7.82.
FG's Price/Earnings ratio is a bit cheaper when compared to the industry. FG is cheaper than 77.08% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.98, FG is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 5.51, the valuation of FG can be described as very cheap.
FG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FG is cheaper than 76.39% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.49, FG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.82 | ||
| Fwd PE | 5.51 |
4.2 Price Multiples
FG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FG is cheaper than 89.58% of the companies in the same industry.
94.44% of the companies in the same industry are more expensive than FG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 0.8 | ||
| EV/EBITDA | 2.42 |
4.3 Compensation for Growth
FG's earnings are expected to grow with 17.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.84
EPS Next 2Y17.19%
EPS Next 3Y17.91%
5. Dividend
5.1 Amount
FG has a Yearly Dividend Yield of 7.46%, which is a nice return.
FG's Dividend Yield is rather good when compared to the industry average which is at 3.51. FG pays more dividend than 92.36% of the companies in the same industry.
FG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.46% |
5.2 History
FG has been paying a dividend for over 5 years, so it has already some track record.
FG has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
25.72% of the earnings are spent on dividend by FG. This is a low number and sustainable payout ratio.
DP25.72%
EPS Next 2Y17.19%
EPS Next 3Y17.91%
NYSE:FG (6/30/2025, 3:05:11 PM)
32.22
+0.08 (+0.25%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners96.54%
Inst Owner Change0%
Ins Owners2.09%
Ins Owner Change4.16%
Market Cap4.34B
Analysts42
Price Target37.74 (17.13%)
Short Float %0.35%
Short Ratio1.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.46% |
Yearly Dividend0.96
Dividend Growth(5Y)N/A
DP25.72%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-18.45%
Min EPS beat(2)-27.3%
Max EPS beat(2)-9.61%
EPS beat(4)1
Avg EPS beat(4)-8.47%
Min EPS beat(4)-27.3%
Max EPS beat(4)8.17%
EPS beat(8)1
Avg EPS beat(8)-17.39%
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)1
Avg Revenue beat(2)-13.5%
Min Revenue beat(2)-40.15%
Max Revenue beat(2)13.14%
Revenue beat(4)2
Avg Revenue beat(4)-6.09%
Min Revenue beat(4)-40.15%
Max Revenue beat(4)14.6%
Revenue beat(8)5
Avg Revenue beat(8)7.23%
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)-7.5%
PT rev (3m)-19.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-37.26%
EPS NY rev (1m)0%
EPS NY rev (3m)-29.3%
Revenue NQ rev (1m)-11.42%
Revenue NQ rev (3m)-2.8%
Revenue NY rev (1m)-17.41%
Revenue NY rev (3m)-12.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.82 | ||
| Fwd PE | 5.51 | ||
| P/S | 0.84 | ||
| P/FCF | 0.8 | ||
| P/OCF | 0.8 | ||
| P/B | 1 | ||
| P/tB | N/A | ||
| EV/EBITDA | 2.42 |
EPS(TTM)4.12
EY12.79%
EPS(NY)5.85
Fwd EY18.16%
FCF(TTM)40.06
FCFY124.34%
OCF(TTM)40.23
OCFY124.85%
SpS38.13
BVpS32.38
TBVpS-26.25
PEG (NY)N/A
PEG (5Y)0.84
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.55% | ||
| ROE | 11.14% | ||
| ROCE | 0.88% | ||
| ROIC | 0.72% | ||
| ROICexc | 0.75% | ||
| ROICexgc | 1.06% | ||
| OM | 14.63% | ||
| PM (TTM) | 9.46% | ||
| GM | N/A | ||
| FCFM | 105.06% |
ROA(3y)0.51%
ROA(5y)0.57%
ROE(3y)11.29%
ROE(5y)9.72%
ROIC(3y)0.65%
ROIC(5y)N/A
ROICexc(3y)0.67%
ROICexc(5y)N/A
ROICexgc(3y)0.83%
ROICexgc(5y)N/A
ROCE(3y)0.79%
ROCE(5y)N/A
ROICexcg growth 3Y-16.01%
ROICexcg growth 5YN/A
ROICexc growth 3Y-22.32%
ROICexc growth 5YN/A
OM growth 3Y-17.37%
OM growth 5Y-8.02%
PM growth 3Y-21%
PM growth 5Y-11.75%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 0.41 | ||
| Debt/EBITDA | 1.65 | ||
| Cap/Depr | 3.67% | ||
| Cap/Sales | 0.43% | ||
| Interest Coverage | 6.06 | ||
| Cash Conversion | 401.26% | ||
| Profit Quality | 1110.91% | ||
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.39 | ||
| Altman-Z | 0.14 |
F-Score5
WACC9.52%
ROIC/WACC0.08
Cap/Depr(3y)6.83%
Cap/Depr(5y)13.24%
Cap/Sales(3y)0.8%
Cap/Sales(5y)1.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)35.08%
EPS 3Y-11.8%
EPS 5Y9.33%
EPS Q2Q%-16.28%
EPS Next Y-8%
EPS Next 2Y17.19%
EPS Next 3Y17.91%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.48%
Revenue growth 3Y13.4%
Revenue growth 5Y24.99%
Sales Q2Q%-42.13%
Revenue Next Year-7.11%
Revenue Next 2Y5.15%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y81.2%
EBIT growth 3Y-6.3%
EBIT growth 5Y14.97%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y29.85%
FCF growth 3Y48.14%
FCF growth 5Y56.47%
OCF growth 1Y29.53%
OCF growth 3Y47.46%
OCF growth 5Y55.87%