Financials Hiscox Ltd

Equities

HSX

BMG4593F1389

Property & Casualty Insurance

Market Closed - London S.E. 16:35:03 26/04/2024 BST 5-day change 1st Jan Change
1,209 GBX +0.50% Intraday chart for Hiscox Ltd +2.98% +14.71%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,108 3,443 2,982 3,776 3,659 4,171 - -
Enterprise Value (EV) 1 3,234 3,443 2,982 3,776 3,659 4,171 4,171 4,171
P/E ratio 108 x -15.1 x 21 x 108 x 6.64 x 8.84 x 8.27 x 7.69 x
Yield 2.38% - 3.07% 2.79% - 2.72% 3.03% 3.23%
Capitalization / Revenue 1.3 x 1.19 x 0.93 x 1.01 x 1.01 x 1.07 x 0.98 x 0.92 x
EV / Revenue 1.3 x 1.19 x 0.93 x 1.01 x 1.01 x 1.07 x 0.98 x 0.92 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 - 1.45 x 1.29 x 1.14 x
Nbr of stocks (in thousands) 288,502 346,382 346,463 346,543 347,168 345,006 - -
Reference price 2 14.24 9.940 8.608 10.90 10.54 12.09 12.09 12.09
Announcement Date 02/03/20 03/03/21 02/03/22 08/03/23 05/03/24 - - -
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 3,895 4,271 4,530
EBITDA - - - 128.2 - - - -
EBIT 1 70.18 -160.7 180.6 77.57 - 580.6 634.3 646.8
Operating Margin 2.22% -5.56% 5.64% 2.08% - 14.91% 14.85% 14.28%
Earnings before Tax (EBT) 1 41.59 -192.4 143.1 37.73 492.9 532.9 576.4 613.4
Net income 1 38.3 -210.5 142.1 35.2 560.7 472.7 501.3 527.7
Net margin 1.21% -7.28% 4.44% 0.94% 15.48% 12.14% 11.74% 11.65%
EPS 2 0.1324 -0.6565 0.4102 0.1013 1.587 1.367 1.461 1.573
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 - 0.3290 0.3658 0.3902
Announcement Date 02/03/20 03/03/21 02/03/22 08/03/23 05/03/24 - - -
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 1,326 1,701 1,285 1,746 1,382 2,169 1,498 2,141 1,477 - -
EBITDA - - - - - - - - - - -
EBIT 1 - - - - - - - - - 296 296
Operating Margin - - - - - - - - - - -
Earnings before Tax (EBT) - -105.7 -92.65 95.98 43 -87.91 128.4 208.1 284.4 - -
Net income - -114.5 - 85.62 52.81 -71.29 108.7 196.6 363.8 - -
Net margin - -6.73% - 4.9% 3.82% -3.29% 7.26% 9.18% 24.64% - -
EPS - -0.3821 - 0.2475 0.1521 -0.2071 0.3148 0.5564 1.029 - -
Dividend per Share - - - 0.0828 - 0.0990 0.2026 0.0983 - - -
Announcement Date 02/03/20 03/08/20 03/03/21 03/08/21 02/03/22 03/08/22 08/03/23 09/08/23 05/03/24 - -
1GBP in Million
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% 17.3% 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 - 9,361 9,701 10,896
Book Value Per Share 2 6.140 4.960 5.670 5.920 - 8.370 9.400 10.60
Cash Flow per Share 2 0.1100 -0.2600 0.0400 0.9000 - 1.650 1.550 1.760
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 02/03/20 03/03/21 02/03/22 08/03/23 05/03/24 - - -
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
12.09 GBP
Average target price
12.88 GBP
Spread / Average Target
+6.56%
Consensus
  1. Stock Market
  2. Equities
  3. HSX Stock
  4. Financials Hiscox Ltd