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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

Overall RE gets a fundamental rating of 5 out of 10. We evaluated RE against 143 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 has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

RE had positive earnings in the past year.
In the past year RE had a positive cash flow from operations.
RE had positive earnings in each of the past 5 years.
In the past 5 years RE always reported a positive cash flow from operatings.
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

The Return On Assets of RE (1.56%) is better than 67.86% of its industry peers.
RE's Return On Equity of 7.22% is in line compared to the rest of the industry. RE outperforms 57.86% of its industry peers.
RE has a better Return On Invested Capital (2.41%) than 72.14% of its industry peers.
The Average Return On Invested Capital over the past 3 years for RE is in line with the industry average of 4.23%.
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

The Profit Margin of RE (5.10%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of RE has declined.
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

Compared to 1 year ago, RE has less shares outstanding
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

The Debt to FCF ratio of RE is 0.79, which is an excellent value as it means it would take RE, only 0.79 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.79, RE belongs to the best 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.
RE has a Debt to Equity ratio of 0.34. This is comparable to the rest of the industry: RE outperforms 59.29% of its industry peers.
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%.
RE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 25.02% yearly.
RE shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.31%.
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

RE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 35.43% yearly.
The Revenue is expected to grow by 8.64% on average over the next years. This is quite good.
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

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.
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.
Compared to the rest of the industry, the Price/Earnings ratio of RE is on the same level as its industry peers.
RE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.83.
Based on the Price/Forward Earnings ratio of 6.19, the valuation of RE can be described as very cheap.
Based on the Price/Forward Earnings ratio, RE is valued a bit cheaper than the industry average as 78.57% of the companies are valued more expensively.
RE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.94.
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

Based on the Price/Free Cash Flow ratio, RE is valued a bit cheaper than 79.29% of the companies 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

RE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
RE's earnings are expected to grow with 35.43% in the coming years. This may justify a more expensive valuation.
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

With a Yearly Dividend Yield of 1.88%, RE has a reasonable but not impressive dividend return.
RE's Dividend Yield is comparable with the industry average which is at 3.21.
RE's Dividend Yield is slightly below the S&P500 average, which is at 2.41.
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 paid a dividend for at least 10 years, which is 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

RE pays out 39.77% of its income as dividend. This is a sustainable payout ratio.
RE's earnings are growing more than its dividend. This makes the dividend growth 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 Change1.27%
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%