Greenlight Capital Re, Ltd.

Finance
Property-Casualty Insurers
www.greenlightre.com

Earnings Score
Safety Score

Market Cap $461.46M
PE 11
Debt $60.75M
Cash $649.09M
EV -$126.88M
FCF $110.43M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$42.82M
ROE	7%
FCF	$110.43M
Equity	$635.88M
Growth Stability	99%
PE	10.78
PEG	0.18
PB	0.73
P/FCF	4.18
P/S	0.66
Price/Cash	1.41
Debt/Equity	0.1
Debt/FCF	0.55
Net Margins	6%
Earnings CAGR	3%
Sales Growth YoY	-9%
Sales Growth QoQ	-25%
Sales CAGR	6%
Equity CAGR	-6%
Earnings Stability	0.02
Earnings Growth YoY	-256%

Earnings Growth QoQ	-178%
Earnings CAGR 5Y	61%
Sales CAGR 5Y	10%
Equity CAGR 5Y	10%
Earnings CAGR 3Y	12%
Sales CAGR 3Y	12%
Equity CAGR 3Y	15%
Market Cap	$461.46M
Revenue	$696.03M
Assets	$2.02B
Total Debt	$60.75M
Cash	$649.09M
Shares Outstanding	33.98M
EV	-126.88M
Earnings Score	6%
Safety Score	97%
Shares Growth 3y	1%
Equity Growth QoQ	-4%
Equity Growth YoY	7%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

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-K Dec 31
- 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?

Loading chart...

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%

loading chart...

Greenlight Capital Re, Ltd. Discounted Cash Flow

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

Years

Calculation mode

= $1.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$110M	$110M	$110M	$110M	$110M	$110M	$110M	$110M	$110M	$110M	$110M	$1.1B
DCF		$100M	$91M	$83M	$75M	$69M	$62M	$57M	$52M	$47M	$43M	$426M
Value	$1.1B

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-270%	8%	-7%	-194%	-1%	1%	3%	5%	13%	6%	6%
ROA	-	-	-1%	-24%	-	-	-	-	-	-	-
ROE	-	5%	-5%	-74%	-1%	1%	4%	5%	15%	7%	7%

Bad Net Margins (6.15%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher 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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	9.76	0.55	0.55
Debt over Equity	-	-	-	-	-	-	-	0.16	0.12	0.1	0.1
Growth Stability	-	-	-	-	-	-	-	100%	100%	99%	99%

Good Debt/FCF ratio (0.55)

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.

Good Debt/Equity ratio (0.1)

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

Good Graham’s Stability (99%)

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	378%	10%	-72%	194%	-10%	22%	-11%	27%	4%	10%
Earnings YoY growth	-	-114%	-200%	688%	-99%	-197%	355%	44%	243%	-51%	61%
Equity YoY growth	-	5%	-5%	-43%	-0%	-3%	2%	6%	18%	7%	10%
FCF YoY growth	-	-	-	-	-	-	-	-	-124%	1K%	-