Third Point Reinsurance Ltd. Common Shares (TPRE) Company Bio
Third Point Reinsurance Ltd. provides various specialty property and casualty reinsurance products in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in two segments, Property and Casualty Reinsurance, and Catastrophe Risk Management. The company was founded in 2011 and is based in Pembroke, Bermuda.
TPRE 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 Third Point Reinsurance Ltd. To summarize, we found that Third Point Reinsurance Ltd ranked in the 24th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Third Point Reinsurance Ltd ended up being:
Interest coverage, a measure of earnings relative to interest payments, is -4.12 -- which is good for besting only 6.46% of its peer stocks (US stocks in the Financial Services sector with positive cash flow).
The company's compound free cash flow growth rate over the past 5.45 years comes in at -0.09%; that's greater than merely 15.32% of US stocks we're applying DCF forecasting to.
Third Point Reinsurance Ltd's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Financial Services that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as TPRE, try NICK, WTRE, LNC, HLNE, and FDS.
Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a broker he knows. “It isn’t a …
Third Point Reinsurance and Sirius International Insurance Group, a global multi-line insurer and reinsurer, announced they have entered into a definitive agreement for Third Point Re and Sirius Group to combine in a cash and stock transaction worth $788 million. …
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Third Point Reinsurance Company Ltd. (Bermuda) and Third Point Reinsurance (USA) Ltd. (Bermuda). AM Best also has placed under review with developing implications the Long-Term ICRs of “bbb-” of Third Point Re (USA) Holdings, Inc. (TP USA) (Wilmington, DE) and its ultimate holding company,
Third Point Reinsurance Ltd. (NYSE: TPRE) ("Company") today announced that it is planning to release its second quarter 2020 financial results after the market close on Thursday, August 6, 2020. The Company will also hold a conference call to discuss its financial results at 8:30 am (Eastern Time) on Friday, August 7, 2020.