Trisura Group Ltd.

TSX:TSU Stock Report

Market Cap: CA$1.9b

Trisura Group Valuation

Is TSU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TSU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TSU (CA$39) is trading below our estimate of fair value (CA$88.49)

Significantly Below Fair Value: TSU is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TSU?

Key metric: As TSU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TSU. This is calculated by dividing TSU's market cap by their current earnings.
What is TSU's PE Ratio?
PE Ratio16.7x
EarningsCA$110.98m
Market CapCA$1.89b

Price to Earnings Ratio vs Peers

How does TSU's PE Ratio compare to its peers?

The above table shows the PE ratio for TSU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.2x
DFY Definity Financial
12.2x-10.3%CA$6.5b
IFC Intact Financial
22.4x6.4%CA$46.1b
FFH Fairfax Financial Holdings
7.6x-13.4%CA$43.7b
ELF E-L Financial
2.6xn/aCA$4.6b
TSU Trisura Group
16.7x19.0%CA$1.9b

Price-To-Earnings vs Peers: TSU is expensive based on its Price-To-Earnings Ratio (16.7x) compared to the peer average (11.2x).

Price to Earnings Ratio vs Industry

How does TSU's PE Ratio compare vs other companies in the North American Insurance Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TSU 16.7xIndustry Avg. 12.8xNo. of Companies12PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TSU is expensive based on its Price-To-Earnings Ratio (16.7x) compared to the North American Insurance industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is TSU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TSU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.7x
Fair PE Ratio14.6x

Price-To-Earnings vs Fair Ratio: TSU is expensive based on its Price-To-Earnings Ratio (16.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TSU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$39.00
CA$56.78
+45.6%
10.2%CA$67.00CA$49.00n/a9
Dec ’25CA$40.31
CA$56.78
+40.9%
10.2%CA$67.00CA$49.00n/a9
Nov ’25CA$41.83
CA$57.89
+38.4%
9.3%CA$67.00CA$52.00n/a9
Oct ’25CA$43.32
CA$57.89
+33.6%
9.3%CA$67.00CA$52.00n/a9
Sep ’25CA$41.82
CA$58.78
+40.5%
8.4%CA$67.00CA$52.00n/a9
Aug ’25CA$44.60
CA$58.44
+31.0%
8.7%CA$67.00CA$52.00n/a9
Jul ’25CA$41.38
CA$58.11
+40.4%
8.5%CA$67.00CA$52.00n/a9
Jun ’25CA$40.33
CA$58.11
+44.1%
8.5%CA$67.00CA$52.00n/a9
May ’25CA$42.26
CA$55.11
+30.4%
11.9%CA$65.00CA$44.00n/a9
Apr ’25CA$41.47
CA$55.50
+33.8%
11.4%CA$65.00CA$44.00n/a8
Mar ’25CA$44.14
CA$55.50
+25.7%
11.4%CA$65.00CA$44.00n/a8
Feb ’25CA$37.73
CA$51.75
+37.2%
11.2%CA$62.00CA$40.00n/a8
Jan ’25CA$34.00
CA$51.89
+52.6%
11.0%CA$62.00CA$40.00n/a9
Dec ’24CA$33.88
CA$53.38
+57.5%
7.7%CA$62.00CA$49.00CA$40.318
Nov ’24CA$30.33
CA$52.86
+74.3%
7.5%CA$60.00CA$49.00CA$41.837
Oct ’24CA$30.13
CA$54.43
+80.6%
6.2%CA$60.00CA$49.00CA$43.327
Sep ’24CA$31.81
CA$54.43
+71.1%
6.2%CA$60.00CA$49.00CA$41.827
Aug ’24CA$33.68
CA$53.86
+59.9%
6.2%CA$60.00CA$49.00CA$44.607
Jul ’24CA$37.57
CA$53.71
+43.0%
6.0%CA$60.00CA$49.00CA$41.387
Jun ’24CA$34.52
CA$53.71
+55.6%
6.0%CA$60.00CA$49.00CA$40.337
May ’24CA$31.31
CA$53.57
+71.1%
7.2%CA$62.00CA$49.00CA$42.267
Apr ’24CA$33.09
CA$54.00
+63.2%
7.5%CA$62.00CA$49.00CA$41.477
Mar ’24CA$37.12
CA$55.79
+50.3%
10.8%CA$69.00CA$49.00CA$44.147
Feb ’24CA$43.20
CA$57.79
+33.8%
8.2%CA$68.00CA$52.00CA$37.737
Jan ’24CA$45.29
CA$57.71
+27.4%
8.3%CA$68.00CA$52.00CA$34.007
Dec ’23CA$43.80
CA$57.71
+31.8%
8.3%CA$68.00CA$52.00CA$33.887

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 00:46
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Trisura Group Ltd. is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tom MacKinnonBMO Capital Markets Equity Research
Nikolaus PriebeCIBC Capital Markets
Jeffrey FenwickCormark Securities Inc.