RENAISSANCERE HOLDINGS LTD (RNR)
BMG7496G1033 - Common Stock
Overall RNR gets a fundamental rating of 6 out of 10. We evaluated RNR against 141 industry peers in the Insurance industry. RNR has an excellent profitability rating, but there are some minor concerns on its financial health. RNR is growing strongly while it is still valued neutral. This is a good combination!
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.
In multiple years RNR reported negative net income over the last 5 years.
RNR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
RNR's Return On Assets of 5.59% is amongst the best of the industry. RNR outperforms 85.00% of its industry peers.
With an excellent Return On Equity value of 29.08%, RNR belongs to the best of the industry, outperforming 97.14% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 5.14%, RNR belongs to the top of the industry, outperforming 86.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.59% | ||
| ROE | 29.08% | ||
| ROIC | 5.14% |
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 (25.44%) than 93.57% of its industry peers.
In the last couple of years the Profit Margin of RNR has grown nicely.
RNR has a better Operating Margin (28.80%) than 90.00% of its industry peers.
In the last couple of years the Operating Margin of RNR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.8% | ||
| PM (TTM) | 25.44% | ||
| 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.
Compared to 5 years ago, RNR has more shares outstanding
RNR has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.78, we must say that RNR is in the distress zone and has some risk of bankruptcy.
RNR has a better Altman-Z score (0.78) than 78.57% of its industry peers.
RNR has a debt to FCF ratio of 0.87. This is a very positive value and a sign of high solvency as it would only need 0.87 years to pay back of all of its debts.
RNR has a better Debt to FCF ratio (0.87) than 76.43% of its industry peers.
A Debt/Equity ratio of 0.19 indicates that RNR is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.19, RNR is doing good in the industry, outperforming 73.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 0.87 | ||
| Altman-Z | 0.78 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
RNR has a Current Ratio of 0.82. 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's Current ratio of 0.82 is fine compared to the rest of the industry. RNR outperforms 77.86% of its industry peers.
A Quick Ratio of 0.82 indicates that RNR may have some problems paying its short term obligations.
RNR has a better Quick ratio (0.82) than 77.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 197.73% over the past year.
Measured over the past years, RNR shows a very strong growth in Earnings Per Share. The EPS has been growing by 32.22% on average per year.
Looking at the last year, RNR shows a very strong growth in Revenue. The Revenue has grown by 63.98%.
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)197.73%
EPS 3Y297.48%
EPS 5Y32.22%
EPS Q2Q%41.18%
Revenue 1Y (TTM)63.98%
Revenue growth 3Y17.76%
Revenue growth 5Y32.27%
Sales Q2Q%65.37%
3.2 Future
RNR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.35% yearly.
Based on estimates for the next years, RNR will show a quite strong growth in Revenue. The Revenue will grow by 16.28% on average per year.
EPS Next Y0.66%
EPS Next 2Y-2.05%
EPS Next 3Y1.35%
EPS Next 5YN/A
Revenue Next Year45.78%
Revenue Next 2Y23.5%
Revenue Next 3Y16.28%
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
The Price/Earnings ratio is 5.02, which indicates a rather cheap valuation of RNR.
Compared to the rest of the industry, the Price/Earnings ratio of RNR indicates a somewhat cheap valuation: RNR is cheaper than 80.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.41, RNR is valued rather cheaply.
With a Price/Forward Earnings ratio of 6.32, 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 76.43% of the companies are valued more expensively.
RNR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.02 | ||
| Fwd PE | 6.32 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RNR indicates a somewhat cheap valuation: RNR is cheaper than 67.86% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.5 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of RNR may justify a higher PE ratio.
PEG (NY)7.64
PEG (5Y)0.16
EPS Next 2Y-2.05%
EPS Next 3Y1.35%
5. Dividend
5.1 Amount
With a yearly dividend of 0.69%, RNR is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.81, RNR is paying slightly less dividend.
With a Dividend Yield of 0.69, RNR pays less dividend than the S&P500 average, which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
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
4.01% of the earnings are spent on dividend by RNR. This is a low number and sustainable payout ratio.
The dividend of RNR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP4.01%
EPS Next 2Y-2.05%
EPS Next 3Y1.35%
RENAISSANCERE HOLDINGS LTD
NYSE:RNR (7/26/2024, 7:04:00 PM)
After market: 224.5 0 (0%)224.5
+4.91 (+2.24%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap11.87B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
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)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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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 | 5.02 | ||
| Fwd PE | 6.32 | ||
| 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)7.64
PEG (5Y)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.59% | ||
| ROE | 29.08% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 28.8% | ||
| PM (TTM) | 25.44% | ||
| 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 | 0.19 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 | ||
| 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)197.73%
EPS 3Y297.48%
EPS 5Y
EPS Q2Q%
EPS Next Y0.66%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)63.98%
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