Mercury General Corporation writes personal automobile insurance, homeowners, commercial automobile, commercial property, mechanical breakdown, fire, and umbrella insurance. The company was founded in 1960 and is based in Los Angeles, California.
MCY Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Mercury General Corp. To summarize, we found that Mercury General Corp ranked in the 71th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Mercury General Corp, consider:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 84. Its equity weight surpasses that of 73.66% of free cash flow generating stocks in the Financial Services sector.
MCY's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 25.29% of tickers in our DCF set.
Mercury General Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 13.56. This coverage rate is greater than that of 82.23% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
PGR, CACC, FCRD, WRLD, and RE can be thought of as valuation peers to MCY, in the sense that they are in the Financial Services sector and have a similar price forecast based on DCF valuation.
Mercury General Corp. on Monday reported second-quarter earnings of $228.2 million. The Los Angeles-based company said it had net income of $4.12 per share. Earnings, adjusted for investment gains, were $1.86 per share. The auto insurance company posted revenue of …
Mercury General Corporation (MCY) Q2 2020 Results Earnings Conference Call August 3, 2020, 1:00 PM ET Company Participants Gabriel Tirador - President and CEO George Joseph - Chairman Ted Stalick - Senior Vice President and CFO Jeff Schroeder - Vice President and CPO Chris Graves - Vice President and CIO...
LOS ANGELES, Aug. 3, 2020 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the second quarter of 2020: Consolidated Highlights Three Months Ended June 30, Change Six Months Ended June 30, Change 2020 2019 $ % 2020 2019 $ % (000's except per-share amounts and…
Mercury General (NYSE:MCY) is scheduled to announce Q2 earnings results on Monday, August 3rd, before market open.The consensus EPS Estimate is $0.34 (-54.1% Y/Y) and the consensus net premium earned estimate is $840.71M (-10.2% Y/Y).Over the last 2 years, MCY has beaten EPS estimates 63% of the time and has...