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EVEREST RE GROUP LTD (RE) Stock Fundamental Analysis

NYSE:RE - New York Stock Exchange, Inc. - BMG3223R1088 - Common Stock - Currency: USD

351.28  +10 (+2.93%)

After market: 351.28 0 (0%)

Fundamental Rating

5

RE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 141 industry peers in the Insurance industry. Both the profitability and the financial health of RE get a neutral evaluation. Nothing too spectacular is happening here. RE is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year RE was profitable.
In the past year RE had a positive cash flow from operations.
In the past 5 years RE has always been profitable.
Each year in the past 5 years RE had a positive operating cash flow.
RE Yearly Net Income VS EBIT VS OCF VS FCFRE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 1B 2B 3B

1.2 Ratios

RE has a better Return On Assets (1.56%) than 67.86% of its industry peers.
RE has a Return On Equity (7.22%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 2.41%, RE is in the better half of the industry, outperforming 72.14% of the companies in the same industry.
RE had an Average Return On Invested Capital over the past 3 years of 3.16%. This is in line with the industry average of 4.05%.
Industry RankSector Rank
ROA 1.56%
ROE 7.22%
ROIC 2.41%
ROA(3y)2.2%
ROA(5y)2.12%
ROE(3y)8.54%
ROE(5y)7.53%
ROIC(3y)3.16%
ROIC(5y)N/A
RE Yearly ROA, ROE, ROICRE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 0 5 10

1.3 Margins

RE has a Profit Margin (5.10%) which is comparable to the rest of the industry.
RE's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 8.78%, RE perfoms like the industry average, outperforming 59.29% of the companies in the same industry.
In the last couple of years the Operating Margin of RE has grown nicely.
Industry RankSector Rank
OM 8.78%
PM (TTM) 5.1%
GM N/A
OM growth 3Y-13.04%
OM growth 5Y6.46%
PM growth 3Y-27.01%
PM growth 5Y-7.68%
GM growth 3YN/A
GM growth 5YN/A
RE Yearly Profit, Operating, Gross MarginsRE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 0 5 10 15 20

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4

2. Health

2.1 Basic Checks

The number of shares outstanding for RE has been reduced compared to 1 year ago.
The debt/assets ratio for RE has been reduced compared to a year ago.
RE Yearly Shares OutstandingRE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M 40M
RE Yearly Total Debt VS Total AssetsRE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 10B 20B 30B

2.2 Solvency

RE has a debt to FCF ratio of 0.79. This is a very positive value and a sign of high solvency as it would only need 0.79 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.79, RE belongs to the top of the industry, outperforming 82.14% of the companies in the same industry.
A Debt/Equity ratio of 0.34 indicates that RE is not too dependend on debt financing.
The Debt to Equity ratio of RE (0.34) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 0.79
Altman-Z N/A
ROIC/WACCN/A
WACCN/A
RE Yearly LT Debt VS Equity VS FCFRE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2B 4B 6B 8B 10B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
RE Yearly Current Assets VS Current LiabilitesRE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M

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6

3. Growth

3.1 Past

RE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.33%.
The Earnings Per Share has been growing by 25.02% on average over the past years. This is a very strong growth
The Revenue for RE has decreased by -14.31% in the past year. This is quite bad
RE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.61% yearly.
EPS 1Y (TTM)-14.33%
EPS 3Y8.18%
EPS 5Y25.02%
EPS Q2Q%9.7%
Revenue 1Y (TTM)-14.31%
Revenue growth 3Y14.91%
Revenue growth 5Y13.61%
Sales Q2Q%8.2%

3.2 Future

Based on estimates for the next years, RE will show a very strong growth in Earnings Per Share. The EPS will grow by 35.43% on average per year.
RE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.64% yearly.
EPS Next Y77.49%
EPS Next 2Y44.85%
EPS Next 3Y35.43%
EPS Next 5YN/A
Revenue Next Year11.04%
Revenue Next 2Y9.36%
Revenue Next 3Y8.64%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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.
RE Yearly Revenue VS EstimatesRE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B
RE Yearly EPS VS EstimatesRE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 12.53 indicates a correct valuation of RE.
RE's Price/Earnings is on the same level as the industry average.
RE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.84.
A Price/Forward Earnings ratio of 6.19 indicates a rather cheap valuation of RE.
RE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. RE is cheaper than 78.57% of the companies in the same industry.
RE is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.29, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.53
Fwd PE 6.19
RE Price Earnings VS Forward Price EarningsRE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of RE indicates a somewhat cheap valuation: RE is cheaper than 79.29% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 3.53
EV/EBITDA N/A
RE Per share dataRE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

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.
A more expensive valuation may be justified as RE's earnings are expected to grow with 35.43% in the coming years.
PEG (NY)0.16
PEG (5Y)0.5
EPS Next 2Y44.85%
EPS Next 3Y35.43%

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6

5. Dividend

5.1 Amount

RE has a Yearly Dividend Yield of 1.88%. Purely for dividend investing, there may be better candidates out there.
RE's Dividend Yield is comparable with the industry average which is at 3.59.
RE's Dividend Yield is slightly below the S&P500 average, which is at 2.36.
Industry RankSector Rank
Dividend Yield 1.88%

5.2 History

The dividend of RE has a limited annual growth rate of 5.21%.
RE has been paying a dividend for at least 10 years, so it has a reliable track record.
RE has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)5.21%
Div Incr Years1
Div Non Decr Years19
RE Yearly Dividends per shareRE Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6

5.3 Sustainability

39.77% of the earnings are spent on dividend by RE. This is a low number and sustainable payout ratio.
The dividend of RE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP39.77%
EPS Next 2Y44.85%
EPS Next 3Y35.43%
RE Yearly Income VS Free CF VS DividendRE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 1B 2B 3B
RE Dividend Payout.RE Dividend Payout, showing the Payout Ratio.RE Dividend Payout.PayoutRetained Earnings

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EVEREST RE GROUP LTD

NYSE:RE (7/7/2023, 8:04:00 PM)

After market: 351.28 0 (0%)

351.28

+10 (+2.93%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)05-01 2023-05-01/amc
Earnings (Next)07-26 2023-07-26/amc
Inst Owners104.63%
Inst Owner Change-1.39%
Ins Owners0.56%
Ins Owner Change0%
Market Cap13.80B
Analysts84.21
Price Target440.87 (25.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.88%
Yearly Dividend6.52
Dividend Growth(5Y)5.21%
DP39.77%
Div Incr Years1
Div Non Decr Years19
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.97%
Min EPS beat(2)-12.19%
Max EPS beat(2)20.13%
EPS beat(4)3
Avg EPS beat(4)8.61%
Min EPS beat(4)-12.19%
Max EPS beat(4)20.13%
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)1
Avg Revenue beat(2)0.23%
Min Revenue beat(2)-0.82%
Max Revenue beat(2)1.28%
Revenue beat(4)2
Avg Revenue beat(4)0.44%
Min Revenue beat(4)-0.97%
Max Revenue beat(4)2.26%
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)-0.64%
PT rev (3m)2.77%
EPS NQ rev (1m)0.36%
EPS NQ rev (3m)-7.87%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.15%
Valuation
Industry RankSector Rank
PE 12.53
Fwd PE 6.19
P/S 1.08
P/FCF 3.53
P/OCF 3.53
P/B 1.53
P/tB 1.53
EV/EBITDA N/A
EPS(TTM)28.03
EY7.98%
EPS(NY)56.71
Fwd EY16.14%
FCF(TTM)99.64
FCFY28.37%
OCF(TTM)99.64
OCFY28.37%
SpS325.08
BVpS229.51
TBVpS229.51
PEG (NY)0.16
PEG (5Y)0.5
Profitability
Industry RankSector Rank
ROA 1.56%
ROE 7.22%
ROCE N/A
ROIC 2.41%
ROICexc 2.5%
ROICexgc 2.87%
OM 8.78%
PM (TTM) 5.1%
GM N/A
FCFM N/A
ROA(3y)2.2%
ROA(5y)2.12%
ROE(3y)8.54%
ROE(5y)7.53%
ROIC(3y)3.16%
ROIC(5y)N/A
ROICexc(3y)3.27%
ROICexc(5y)N/A
ROICexgc(3y)3.72%
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-11.77%
ROICexcg growth 5Y9.66%
ROICexc growth 3Y-11.91%
ROICexc growth 5Y9.08%
OM growth 3Y-13.04%
OM growth 5Y6.46%
PM growth 3Y-27.01%
PM growth 5Y-7.68%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 0.79
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 601.11%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
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)491.69%
Profit Quality(5y)470.47%
High Growth Momentum
Growth
EPS 1Y (TTM)-14.33%
EPS 3Y8.18%
EPS 5Y25.02%
EPS Q2Q%9.7%
EPS Next Y77.49%
EPS Next 2Y44.85%
EPS Next 3Y35.43%
EPS Next 5YN/A
Revenue 1Y (TTM)-14.31%
Revenue growth 3Y14.91%
Revenue growth 5Y13.61%
Sales Q2Q%8.2%
Revenue Next Year11.04%
Revenue Next 2Y9.36%
Revenue Next 3Y8.64%
Revenue Next 5YN/A
EBIT growth 1Y-46.05%
EBIT growth 3Y-0.08%
EBIT growth 5Y20.95%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y19.61%
FCF growth 3Y25.9%
FCF growth 5Y26.02%
OCF growth 1Y19.61%
OCF growth 3Y25.9%
OCF growth 5Y26.02%