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:
We started the process of determining a valid price forecast for Third Point Reinsurance Ltd with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Third Point Reinsurance Ltd ranked in the 25th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. As for the metrics that stood out in our discounted cash flow analysis of Third Point Reinsurance Ltd, consider:
Interest coverage, a measure of earnings relative to interest payments, is 6.16; that's higher than 57.35% of US stocks in the Financial Services sector that have positive free cash flow.
The company's compound free cash flow growth rate over the past 5.5 years comes in at -0.16%; that's greater than merely 10.05% of US stocks we're applying DCF forecasting to.
88% of the company's capital comes from equity, which is greater than 68.45% of stocks in our cash flow based forecasting set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
HLNE, NMFC, PRA, SLF, and GDOT can be thought of as valuation peers to TPRE, in the sense that they are in the Financial Services sector and have a similar price forecast based on DCF valuation.
Third Point, the activist hedge fund run by Daniel Loeb, is busy in the waning days of 2020. First, we learned via Asa Fitch at the Wall Street Journal yesterday that the hedge fund sent a vituperative shareholder letter to Intel chair Omar Ishrak, demanding wide-scale changes in its management after the American chipmaker fell dramatically behind rivals in recent years. As I noted in TechCrunch’s 2020 wrapup of the semiconductor industry, Intel has a make-or-break moment coming next year, and now with even further activist pressure from hedge funds, the push to fix Intel’s underlying problems is intensifying.
Intel shares have risen after one of the world’s most prominent activist investors called for a partial breakup of the technology company. Third Point, the activist hedge fund, has urged Intel chairman Omar Ishrak to spin out the company’s computer chip manufacturing business and to undo a series of costly acquisitions. Deals such as Intel’s $16.7bn (£12.3bn) purchase of chipmaker Altera in 2015 should be reversed, the activist fund has said. Shares in Intel rose 6.1pc on Tuesday following a Reuters report on a letter sent by Third Point head Daniel Loeb to Mr Ishrak, the highest one-day rise in the company’s share price in more than eight months. Mr Loeb’s fund has amassed a stake in Intel worth around $1bn. “Without immediate change at Intel, we fear that America’s access to leading-e...
Daniel Loeb, the influential activist investor and CEO of hedge fund Third Point, is pushing for changes at chip giant Intel (NASDAQ: INTC). Loeb articulated these in a letter sent to the chairman of the company's board, Omar Ishrak, on Tuesday. Claiming that the company is effectively ceding its once dominant position to Asia-based rivals and onetime customers like Apple, Loeb wrote that Intel's board should "evaluate strategic alternatives."