Greenlight Capital Re, Ltd.

Finance
Property-Casualty Insurers
www.greenlightre.com

Earnings Score

Market Cap $504.99M
PE 6
Debt $62.58M
Cash $621.73M
EV -$54.16M
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$87.84M
ROE	13%
Equity	$663.42M
Growth Stability	100%
PE	5.75
PEG	0.08
PB	0.76
P/S	0.71
Price/Cash	1.23
Debt/Equity	0.09
Net Margins	13%
Earnings CAGR	3%
Sales Growth YoY	13%
Sales Growth QoQ	8%
Sales CAGR	9%
Equity CAGR	-7%
Earnings Stability	0.02
Earnings Growth YoY	161%
Earnings Growth QoQ	342%

Earnings CAGR 5Y	73%
Sales CAGR 5Y	9%
Equity CAGR 5Y	9%
Earnings CAGR 3Y	11%
Sales CAGR 3Y	11%
Equity CAGR 3Y	15%
Market Cap	$504.99M
Revenue	$709.67M
Assets	$2.00B
Total Debt	$62.58M
Cash	$621.73M
Shares Outstanding	34.12M
EV	-54.16M
Earnings Score	6%
Shares Growth 3y	1%
Equity Growth QoQ	5%
Equity Growth YoY	15%

Assets & ROA

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Stockholders Equity & ROE

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Greenlight Capital Re Ltd offers property and casualty reinsurance. Its customers are property and casualty insurers, and Greenlight takes on some of their risk in exchange for insurance premiums. It operates through one operating segment: property and casualty reinsurance. It generates revenue through premiums from reinsurance on property and casualty business assumed, and income from investments. Most of the revenue generated from policies written in the United States and the Caribbean.

SEC Filings

Direct access to Greenlight Capital Re, Ltd. (GLRE) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Greenlight Capital Re, Ltd. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Greenlight Capital Re, Ltd. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%

Stability 2%

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Greenlight Capital Re, Ltd. Discounted Cash Flow

Fully customizable DCF calculator online for Greenlight Capital Re, Ltd..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	23%	-270%	8%	-7%	-194%	-1%	1%	3%	5%	13%	13%
ROA	-	-	-	-1%	-24%	-	-	-	-	-	-
ROE	-	-39%	5%	-5%	-74%	-1%	1%	4%	5%	15%	13%

Good Net Margins (12.67%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	0.16	0.12	0.09
Growth Stability	-	-	-	-	-	-	-	-	100%	100%	100%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.09)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-74%	378%	10%	-72%	194%	-10%	22%	-11%	27%	9%
Earnings YoY growth	-	-403%	-114%	-200%	688%	-99%	-197%	355%	44%	243%	73%
Equity YoY growth	-	-29%	5%	-5%	-43%	-0%	-3%	2%	6%	18%	9%
FCF YoY growth	-	-55%	-	-	-	-	-	-	-	-	-