Financials Hiscox Ltd

Equities

HSX

BMG4593F1389

Property & Casualty Insurance

Real-time Estimate Cboe Europe 11:23:21 2024-05-16 am EDT 5-day change 1st Jan Change
1,186 GBX +2.20% Intraday chart for Hiscox Ltd +1.63% +12.43%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,108 3,443 2,982 3,776 3,659 3,993 - -
Enterprise Value (EV) 1 3,234 3,443 2,982 3,776 3,659 3,993 3,993 3,993
P/E ratio 108 x -15.1 x 21 x 108 x 6.64 x 8.55 x 7.85 x 7.25 x
Yield 2.38% - 3.07% 2.79% - 2.78% 3.08% 3.26%
Capitalization / Revenue 1.3 x 1.19 x 0.93 x 1.01 x 1.01 x 1.03 x 0.94 x 0.88 x
EV / Revenue 1.3 x 1.19 x 0.93 x 1.01 x 1.01 x 1.03 x 0.94 x 0.88 x
EV / EBITDA - - - 29,446,460 x - - - -
EV / FCF -90,760,690 x -25,379,213 x 347,702,891 x 12,689,127 x - - - -
FCF Yield -0% -0% 0% 0% - - - -
Price to Book 2.32 x 2.01 x 1.52 x 1.84 x - 1.38 x 1.23 x 1.08 x
Nbr of stocks (in thousands) 288,502 346,382 346,463 346,543 347,168 343,943 - -
Reference price 2 14.24 9.940 8.608 10.90 10.54 11.61 11.61 11.61
Announcement Date 3/2/20 3/3/21 3/2/22 3/8/23 3/5/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,157 2,891 3,201 3,735 3,621 3,890 4,269 4,529
EBITDA - - - 128.2 - - - -
EBIT 1 70.18 -160.7 180.6 77.57 - 577.5 636.2 655.1
Operating Margin 2.22% -5.56% 5.64% 2.08% - 14.85% 14.9% 14.46%
Earnings before Tax (EBT) 1 41.59 -192.4 143.1 37.73 492.9 529.4 587.2 625
Net income 1 38.3 -210.5 142.1 35.2 560.7 469.8 504.8 535.2
Net margin 1.21% -7.28% 4.44% 0.94% 15.48% 12.08% 11.83% 11.82%
EPS 2 0.1324 -0.6565 0.4102 0.1013 1.587 1.357 1.480 1.602
Free Cash Flow -45.26 -135.7 8.577 297.5 - - - -
FCF margin -1.43% -4.69% 0.27% 7.97% - - - -
FCF Conversion (EBITDA) - - - 232.06% - - - -
FCF Conversion (Net income) - - 6.04% 845.32% - - - -
Dividend per Share 2 0.3395 - 0.2642 0.3039 - 0.3231 0.3578 0.3789
Announcement Date 3/2/20 3/3/21 3/2/22 3/8/23 3/5/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 1,326 1,701 1,285 1,746 1,382 2,169 1,498 2,141 1,477 2,324 1,592
EBITDA - - - - - - - - - - -
EBIT 1 - - - - - - - - - 293.4 293.4
Operating Margin - - - - - - - - - 12.62% 18.43%
Earnings before Tax (EBT) 1 - -105.7 -92.65 95.98 43 -87.91 128.4 208.1 284.4 220.7 286
Net income 1 - -114.5 - 85.62 52.81 -71.29 108.7 196.6 363.8 196 254.2
Net margin - -6.73% - 4.9% 3.82% -3.29% 7.26% 9.18% 24.64% 8.43% 15.97%
EPS 2 - -0.3821 - 0.2475 0.1521 -0.2071 0.3148 0.5564 1.029 0.5641 0.7458
Dividend per Share 2 - - - 0.0828 - 0.0990 0.2026 0.0983 - 0.0829 0.1673
Announcement Date 3/2/20 8/3/20 3/3/21 8/3/21 3/2/22 8/3/22 3/8/23 8/9/23 3/5/24 - -
1GBP in Million2GBP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 874 - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow -45.3 -136 8.58 298 - - - -
ROE (net income / shareholders' equity) 2.2% -11.8% 8.1% 1.7% - 18% 17.6% 16.1%
ROA (Net income/ Total Assets) 0.42% -2.22% 1.37% 0.3% - 5.05% 5.17% 4.84%
Assets 1 9,119 9,463 10,388 11,636 - 9,306 9,770 11,051
Book Value Per Share 2 6.140 4.960 5.670 5.920 - 8.430 9.460 10.70
Cash Flow per Share 2 0.1100 -0.2600 0.0400 0.9000 - 1.130 1.570 1.830
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/2/20 3/3/21 3/2/22 3/8/23 3/5/24 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
11.61 GBP
Average target price
12.94 GBP
Spread / Average Target
+11.44%
Consensus
  1. Stock Market
  2. Equities
  3. HSX Stock
  4. Financials Hiscox Ltd
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