Executive Summary
Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada and the United States.
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with poor track record.
Share Price & News
How has Trisura Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TSU's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.7%
TSU
-0.9%
CA Insurance
-0.4%
CA Market
1 Year Return
57.5%
TSU
21.0%
CA Insurance
10.5%
CA Market
Return vs Industry: TSU exceeded the Canadian Insurance industry which returned 21% over the past year.
Return vs Market: TSU exceeded the Canadian Market which returned 10.5% over the past year.
Shareholder returns
| TSU | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.7% | -0.9% | -0.4% |
| 30 Day | 31.1% | 0.1% | 0.8% |
| 90 Day | 47.9% | 9.6% | 1.7% |
| 1 Year | 57.5%57.5% | 26.1%21.0% | 14.1%10.5% |
| 3 Year | n/a | 19.2%6.1% | 16.1%5.6% |
| 5 Year | n/a | 42.1%18.2% | 41.2%20.4% |
Price Volatility Vs. Market
How volatile is Trisura Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Is Trisura Group Ltd.'s (TSE:TSU) 1.4% ROE Worse Than Average?3 months ago | Simply Wall St
How Much Are Trisura Group Ltd. (TSE:TSU) Insiders Taking Off The Table?5 months ago | Simply Wall St
Do Institutions Own Trisura Group Ltd. (TSE:TSU) Shares?Valuation
Is Trisura Group undervalued compared to its fair value and its price relative to the market?
114.22x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TSU (CA$42.15) is trading above our estimate of fair value (CA$27.43)
Significantly Below Fair Value: TSU is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TSU is poor value based on its PE Ratio (114.2x) compared to the Insurance industry average (13.4x).
PE vs Market: TSU is poor value based on its PE Ratio (114.2x) compared to the Canadian market (15.3x).
Price to Earnings Growth Ratio
PEG Ratio: TSU is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: TSU is overvalued based on its PB Ratio (2x) compared to the CA Insurance industry average (1.2x).
Next Steps
Future Growth
How is Trisura Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
85.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TSU's forecast earnings growth (85.5% per year) is above the savings rate (1.4%).
Earnings vs Market: TSU's earnings (85.5% per year) are forecast to grow faster than the Canadian market (10.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TSU's revenue (44.1% per year) is forecast to grow faster than the Canadian market (4.9% per year).
High Growth Revenue: TSU's revenue (44.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TSU's Return on Equity is forecast to be low in 3 years time (11.9%).
Next Steps
Past Performance
How has Trisura Group performed over the past 5 years?
-64.1%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: TSU has high quality earnings.
Growing Profit Margin: TSU's current net profit margins (1.8%) are lower than last year (7%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if TSU's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: TSU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TSU had negative earnings growth (-64.1%) over the past year, making it difficult to compare to the Insurance industry average (2.5%).
Return on Equity
High ROE: TSU's Return on Equity (1.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Trisura Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: TSU has a low level of unsold assets or inventory.
Debt Coverage by Assets: TSU's debt is covered by short term assets (assets are 17.4x debt).
Financial Institutions Analysis
Asset Level: TSU's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if TSU has a sufficient allowance for bad loans.
Low Risk Liabilities: TSU reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if TSU has an acceptable proportion of non-loan assets held.
Low Risk Deposits: TSU has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if TSU has an appropriate level of bad loans.
Next Steps
Dividend
What is Trisura Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TSU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TSU's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TSU's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TSU's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TSU's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
What is the CEO of Trisura Group's salary, the management and board of directors tenure and is there insider trading?
0.8yrs
Average management tenure
CEO
David Claire (33yo)
1.2yrs
Tenure
CA$1,012,408
Compensation
Mr. David James Claire has been the President and Chief Executive Officer of Trisura Group Ltd., since October 16, 2018 and Director since 2018. He serves as Chairman of the Board at Trisura Specialty Insu ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD765.82K) is about average for companies of similar size in the Canadian market ($USD681.79K).
Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.
Management Age and Tenure
0.8yrs
Average Tenure
58yo
Average Age
Experienced Management: TSU's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Age and Tenure
2.2yrs
Average Tenure
62yo
Average Age
Experienced Board: TSU's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: TSU insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Executive VP & CFO of Trisura Specialty |
| Shares | 25,131 |
| Max Price | CA$26.40 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,000 |
| Max Price | CA$26.40 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 22,500 |
| Max Price | CA$26.40 |
| Entity | Company |
| Shares | 378,788 |
| Max Price | CA$26.40 |
| Entity | Individual |
| Role | Senior Key Executive Chief Risk Officer & CEO of Reinsurance |
| Shares | 5,000 |
| Max Price | CA$26.40 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 1,894 |
| Max Price | CA$26.40 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,894 |
| Max Price | CA$26.40 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | CA$26.40 |
| Entity | Company |
| Shares | 1,300 |
| Max Price | CA$24.90 |
| Entity | Individual |
| Role | Senior Key Executive Chief Risk Officer & CEO of Reinsurance |
| Shares | 5,000 |
| Max Price | CA$28.60 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 300 |
| Max Price | CA$27.50 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 200 |
| Max Price | CA$27.50 |
| Entity | Company |
| Shares | 22,000 |
| Max Price | CA$28.50 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | CA$30.23 |
| Entity | Individual |
| Shares | 5,000 |
| Max Price | CA$30.00 |
| Entity | Individual |
| Shares | 2,000 |
| Max Price | CA$30.00 |
| Entity | Company |
| Shares | 400 |
| Max Price | CA$25.92 |
| Entity | Individual |
| Shares | 3,000 |
| Max Price | CA$26.15 |
| Entity | Company |
| Shares | 13,000 |
| Max Price | CA$25.76 |
| Entity | Company |
| Shares | 4,000 |
| Max Price | CA$25.98 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Jimmy Doyle (60yo)
Chief Risk Officer & CEO of Reinsurance
- Tenure: 0yrs
- Compensation: CA$621.94k
Eileen Sweeney (58yo)
Executive VP & CFO of Trisura Specialty
- Tenure: 0.8yrs
- Compensation: CA$647.85k
Michael Beasley
CEO & President of Trisura Specialty Insurance Company
- Tenure: 0.8yrs
- Compensation: CA$680.24k
David Scotland
Chief Financial Officer
- Tenure: 0.3yrs
David Claire (33yo)
President
- Tenure: 1.2yrs
- Compensation: CA$1.01m
Board Members
George Myhal (63yo)
Chairman
- Tenure: 1.6yrs
- Compensation: CA$38.57k
Greg Morrison (61yo)
Director
- Tenure: 2.9yrs
- Compensation: CA$723.01k
Bart Hedges (53yo)
Independent Director
- Tenure: 2.5yrs
- Compensation: CA$70.00k
Paul Gallagher (63yo)
Independent Director
- Tenure: 2.5yrs
- Compensation: CA$75.00k
Bob Taylor (72yo)
Independent Director
- Tenure: 1.6yrs
- Compensation: CA$95.00k
David Claire (33yo)
President
- Tenure: 1.2yrs
- Compensation: CA$1.01m
Company Information
Trisura Group Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Trisura Group Ltd.
- Ticker: TSU
- Exchange: TSX
- Founded: 2017
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: CA$359.399m
- Shares outstanding: 8.82m
- Website: https://www.trisura.com/group
Number of Employees
Location
- Trisura Group Ltd.
- Bay Adelaide Centre
- 333 Bay Street
- Toronto
- Ontario
- M5H 2R2
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TSU | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | May 2017 |
| TRRS.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | May 2017 |
| QPA1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | May 2017 |
| 0AMJ | LSE (London Stock Exchange) | Yes | Common Shares | GB | CAD | May 2017 |
Biography
Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada and the United States. The company offers contract suret ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/07 00:36 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.