Universal Insurance Holdings, Inc.

Finance
Property-Casualty Insurers
www.universalinsuranceholdings.com

Earnings Score
Moat Score
Safety Score

Market Cap $551.58M
PE 8
Debt $102.94M
Cash $402.31M
EV $252.21M
FCF $231.41M

Earnings

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Sales & Net Margins

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Earnings	$72.90M
EBIT	$103.16M
ROE	18%
ROA	4%
FCF	$231.41M
Equity	$400.25M
Growth Stability	-78%
PE	7.57
PEG	0.48
PB	1.38
P/FCF	2.38
P/S	0.36
Price/Cash	0.73
Debt/Equity	0.26
Debt/FCF	0.44
Net Margins	5%
Op. Margins	7%
Earnings CAGR	-8%
Sales Growth YoY	8%
Sales Growth QoQ	2%
Sales CAGR	11%
FCF CAGR	-0%
Equity CAGR	1%
Earnings Stability	0.12
Earnings Growth YoY	173%
Earnings Growth QoQ	-146%

Earnings CAGR 5Y	16%
Sales CAGR 5Y	10%
FCF CAGR 5Y	26%
Equity CAGR 5Y	-9%
Earnings CAGR 3Y	12%
Sales CAGR 3Y	12%
FCF CAGR 3Y	-5%
Equity CAGR 3Y	1%
Market Cap	$551.58M
Revenue	$1.51B
Dividend Yield	4%
Payout Ratio	31%
Assets	$2.65B
Total Debt	$102.94M
Cash	$402.31M
Shares Outstanding	28.29M
EV	252.21M
Earnings Score	5%
Moat Score	72%
Safety Score	66%
Final Score	48%
Shares Growth 3y	-4%
Equity Growth QoQ	2%
Equity Growth YoY	33%

Assets & ROA

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Stockholders Equity & ROE

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Universal Insurance Holdings Inc is a private personal residential homeowner insurance company. The company all aspects of insurance underwriting, policy issuance, general administration and claims processing and settlement internally through our vertically integrated operations. It generates revenues primarily from the collection of premiums. It operates within Florida and across the United States.

SEC Filings

Direct access to Universal Insurance Holdings, Inc. (UVE) 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 Universal Insurance Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Universal Insurance Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -8%

Stability 12%

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Universal Insurance Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Universal Insurance Holdings, Inc..

Years

Calculation mode

= $2.3B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$231M	$231M	$231M	$231M	$230M	$230M	$230M	$229M	$229M	$229M	$229M	$2.3B
DCF		$210M	$191M	$173M	$157M	$143M	$130M	$118M	$107M	$97M	$88M	$881M
Value	$2.3B

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	TTM
Net Margins	19%	15%	14%	14%	5%	2%	2%	-2%	5%	5%
ROA	-	15%	12%	8%	4%	1%	1%	-1%	4%	4%
ROE	-	27%	24%	23%	9%	4%	5%	-8%	20%	18%

Bad Net Margins (4.66%)

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	TTM
Debt over FCF	-	0.13	0.05	0.05	-	0.7	0.47	0.33	1.55	0.44
Debt over Equity	0.08	0.04	0.03	0.02	-	0.02	0.25	0.37	0.3	0.26
Growth Stability	-	-	-	100%	43%	21%	34%	-78%	100%	-78%

Good Debt/FCF ratio (0.44)

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 (0.26)

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

Bad Graham’s Stability (-78%)

The company has a bad stability in its earnings, which is a sign of a bad 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	CAGR 5Y
Revenue YoY growth	-	25%	10%	10%	14%	14%	5%	9%	14%	10%
Earnings YoY growth	-	-7%	8%	9%	-60%	-59%	7%	-209%	-400%	16%
Equity YoY growth	-	27%	19%	14%	-2%	-9%	-4%	-33%	19%	-9%
FCF YoY growth	-	-45%	112%	-7%	-67%	-83%	2K%	41%	-79%	26%