Conduit Holdings Limited's (LON:CRE) Shares May Have Run Too Fast Too Soon
May 22
U.K. (FTSE) Insurance Industry Analysis
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies18
- 7D1.0%
- 3M4.9%
- 1Y-9.7%
- YTD2.9%
The Insurance industry is up 1.0% in the last week, with Legal & General Group up 2.9%. In the past year, the industry is down 9.7%. Earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the U.K. Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 May 2024 | UK£64.1b | UK£70.6b | UK£4.3b | 12.8x | 14.8x | 0.9x |
| Fri, 19 Apr 2024 | UK£60.4b | UK£70.9b | UK£4.4b | 11.7x | 13.6x | 0.9x |
| Sun, 17 Mar 2024 | UK£36.7b | UK£40.4b | UK£2.8b | 9x | 13x | 0.9x |
| Tue, 13 Feb 2024 | UK£20.3b | UK£13.5b | UK£368.3m | 20.8x | 55.2x | 1.5x |
| Thu, 11 Jan 2024 | UK£20.0b | UK£13.3b | UK£392.4m | 20.9x | 51.1x | 1.5x |
| Sat, 09 Dec 2023 | UK£21.3b | UK£13.4b | UK£395.7m | 22.8x | 53.9x | 1.6x |
| Mon, 06 Nov 2023 | UK£19.5b | UK£13.5b | UK£398.5m | 20.3x | 49x | 1.4x |
| Wed, 04 Oct 2023 | UK£19.3b | UK£13.6b | UK£403.5m | 19x | 47.8x | 1.4x |
| Fri, 01 Sep 2023 | UK£46.4b | UK£30.9b | UK£3.0b | 18.6x | 15.6x | 1.5x |
| Sun, 30 Jul 2023 | UK£19.2b | UK£11.8b | -UK£11,258,397.00 | 31.6x | -1707.7x | 1.6x |
| Tue, 27 Jun 2023 | UK£18.8b | UK£11.7b | UK£128.9m | 30x | 145.7x | 1.6x |
| Thu, 25 May 2023 | UK£20.0b | UK£11.9b | UK£132.9m | 30.6x | 150.7x | 1.7x |
| Sat, 22 Apr 2023 | UK£19.9b | UK£11.8b | UK£133.4m | 29.9x | 148.9x | 1.7x |
| Mon, 20 Mar 2023 | UK£17.5b | UK£11.8b | UK£115.2m | 25.9x | 151.9x | 1.5x |
| Wed, 15 Feb 2023 | UK£68.8b | UK£17.6b | UK£783.2m | 16.8x | 87.8x | 3.9x |
| Fri, 13 Jan 2023 | UK£68.7b | UK£17.5b | UK£754.6m | 16.4x | 91.1x | 3.9x |
| Sun, 11 Dec 2022 | UK£62.7b | UK£17.4b | UK£744.3m | 16.3x | 84.2x | 3.6x |
| Tue, 08 Nov 2022 | UK£56.0b | UK£17.9b | UK£829.3m | 14.6x | 67.5x | 3.1x |
| Thu, 06 Oct 2022 | UK£55.0b | UK£18.1b | UK£850.8m | 15.5x | 64.6x | 3x |
| Sat, 03 Sep 2022 | UK£56.6b | UK£18.0b | UK£976.4m | 16.7x | 58x | 3.2x |
| Mon, 01 Aug 2022 | UK£79.3b | UK£87.3b | UK£4.2b | 16.2x | 18.8x | 0.9x |
| Wed, 29 Jun 2022 | UK£82.1b | UK£86.9b | UK£4.3b | 15.5x | 18.9x | 0.9x |
| Fri, 27 May 2022 | UK£80.8b | UK£86.2b | UK£4.4b | 16x | 18.4x | 0.9x |
| Sun, 24 Apr 2022 | UK£87.3b | UK£85.6b | UK£4.3b | 17x | 20.1x | 1x |
| Tue, 22 Mar 2022 | UK£89.2b | UK£85.0b | UK£4.3b | 16x | 20.6x | 1x |
| Thu, 17 Feb 2022 | UK£97.3b | UK£127.8b | UK£5.9b | 13.7x | 16.6x | 0.8x |
| Sat, 15 Jan 2022 | UK£101.1b | UK£127.3b | UK£5.8b | 14.2x | 17.5x | 0.8x |
| Mon, 13 Dec 2021 | UK£97.3b | UK£128.8b | UK£5.9b | 13.7x | 16.6x | 0.8x |
| Wed, 10 Nov 2021 | UK£102.6b | UK£127.7b | UK£5.8b | 13.8x | 17.7x | 0.8x |
| Fri, 08 Oct 2021 | UK£102.9b | UK£127.5b | UK£5.8b | 14.1x | 17.7x | 0.8x |
| Sun, 05 Sep 2021 | UK£104.5b | UK£126.8b | UK£5.7b | 15.9x | 18.3x | 0.8x |
| Tue, 03 Aug 2021 | UK£99.1b | UK£126.8b | UK£5.7b | 16.2x | 17.3x | 0.8x |
Price to Earnings Ratio
17x
Current Industry PE
- Investors are pessimistic on the British Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.8x which is lower than its 3-year average PE of 33.6x.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 0.91x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have declined 10% per year over the last three years,
- Revenues have also declined 19% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the U.K. Financials industry?
| GB Market | 0.24% | |
| Financials | 0.43% | |
| Insurance | 1.01% | |
| Reinsurance | 5.81% | |
| General Insurance | 1.27% | |
| Life and Health Insurance | 0.86% | |
| Property and Casualty Insurance | 0.85% | |
| Insurance Brokers | 0% | |
Industry PE
- Investors are most optimistic about the Life and Health Insurance industry even though it's trading below its 3-year average PE ratio of 148x.
- Analysts are expecting annual earnings growth of 18.2%, which is lower than the prior year's growth of 39.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 18% over the next 5 years.
- However this is lower than its past earnings growth rate of 40% per year.
- In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 6.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ADM Admiral Group | UK£27.33 | 2.2% +UK£177.3m | 19.9% | PE24.3x | |
| DLG Direct Line Insurance Group | UK£2.04 | 3.7% +UK£93.4m | 25.2% | PE12.8x | |
| JUST Just Group | UK£1.08 | 6.7% +UK£70.6m | 19.6% | PE9.6x | |
| CRE Conduit Holdings | UK£5.39 | 4.7% +UK£38.7m | 10.1% | PE5.6x | |
| LGEN Legal & General Group | UK£2.52 | 0.2% +UK£35.5m | 9.9% | PE34.3x |
