Heritage Insurance Holdings, Inc. (HRTG) Company Bio
Heritage Insurance Holdings Inc. operates as a property and casualty insurance holding company in the state of Florida. The company was founded in 2012 and is based in Clearwater, Florida.
HRTG Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for HRTG, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Heritage Insurance Holdings Inc ranked in the 78th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 467%. In terms of the factors that were most noteworthy in this DCF analysis for HRTG, they are:
Its compound free cash flow growth rate, as measured over the past 5.39 years, is -0.01% -- higher than just 23.5% of stocks in our DCF forecasting set.
Heritage Insurance Holdings Inc's weighted average cost of capital (WACC) is 7%; for context, that number is higher than merely 10.69% of tickers in our DCF set.
As a business, Heritage Insurance Holdings Inc experienced a tax rate of about 20% over the past twelve months; relative to its sector (Financial Services), this tax rate is higher than 81.54% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
TSLX, ATAX, ESNT, FOCS, and AMP can be thought of as valuation peers to HRTG, in the sense that they are in the Financial Services sector and have a similar price forecast based on DCF valuation.
Shares of Heritage Insurance Hldgs (NYSE:HRTG) were unchanged after the company reported Q2 results.Quarterly Results Earnings per share increased 650.00% over the past year to $0.15, which beat the estimate of $0.08.Revenue of $129,057,000 up by 13.13% from the same period last year, which missed the
Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, announced today that it expects to incur approximately $26.8 million of net current accident quarter weather losses in second quarter 2020, including about $17.6 million of net catastrophe losses. Weather and catastrophe losses primarily stemmed from an unusually high thirteen PCS events, which mostly impacted Florida and the Southeast.