SWX:SCR

Stock Analysis Report

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Executive Summary

SCOR SE provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and Asia Pacific. More Details


Snowflake Analysis

Good value with moderate growth potential.


Similar Companies

Share Price & News

How has SCOR's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SCR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.4%

SCR

-5.0%

CH Insurance

-1.5%

CH Market


1 Year Return

-38.0%

SCR

-22.8%

CH Insurance

2.9%

CH Market

Return vs Industry: SCR underperformed the Swiss Insurance industry which returned -22.3% over the past year.

Return vs Market: SCR underperformed the Swiss Market which returned 3.8% over the past year.


Shareholder returns

SCRIndustryMarket
7 Day3.4%-5.0%-1.5%
30 Day6.9%-5.2%0.7%
90 Day-5.6%-1.9%3.6%
1 Year-38.0%-38.0%-17.8%-22.8%6.5%2.9%
3 Year-32.3%-38.6%16.2%-1.7%21.1%6.5%
5 Year-12.5%-27.8%55.5%17.4%42.8%18.9%

Price Volatility Vs. Market

How volatile is SCOR's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is SCOR undervalued compared to its fair value and its price relative to the market?

45.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SCR (CHF24.82) is trading below our estimate of fair value (CHF45.16)

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


Price To Earnings Ratio

PE vs Industry: SCR is poor value based on its PE Ratio (24.8x) compared to the CH Insurance industry average (13.1x).

PE vs Market: SCR is poor value based on its PE Ratio (24.8x) compared to the Swiss market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: SCR is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: SCR is good value based on its PB Ratio (0.6x) compared to the CH Insurance industry average (0.7x).


Next Steps

Future Growth

How is SCOR forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

35.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCR's forecast earnings growth (35.9% per year) is above the savings rate (-0.2%).

Earnings vs Market: SCR's earnings (35.9% per year) are forecast to grow faster than the Swiss market (11.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SCR's revenue (4.2% per year) is forecast to grow slower than the Swiss market (4.5% per year).

High Growth Revenue: SCR's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SCR's Return on Equity is forecast to be low in 3 years time (9.5%).


Next Steps

Past Performance

How has SCOR performed over the past 5 years?

-16.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCR has high quality earnings.

Growing Profit Margin: SCR's current net profit margins (1%) are lower than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: SCR's earnings have declined by 16% per year over the past 5 years.

Accelerating Growth: SCR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SCR had negative earnings growth (-53.2%) over the past year, making it difficult to compare to the Insurance industry average (-17.1%).


Return on Equity

High ROE: SCR's Return on Equity (2.5%) is considered low.


Next Steps

Financial Health

How is SCOR's financial position?


Financial Position Analysis

Short Term Liabilities: SCR's short term assets (€21.4B) exceed its short term liabilities (€1.3B).

Long Term Liabilities: SCR's short term assets (€21.4B) do not cover its long term liabilities (€39.0B).


Debt to Equity History and Analysis

Debt Level: SCR's debt to equity ratio (46.1%) is considered high.

Reducing Debt: SCR's debt to equity ratio has increased from 44.1% to 46.1% over the past 5 years.

Debt Coverage: SCR's debt is well covered by operating cash flow (39%).

Interest Coverage: SCR's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Next Steps

Dividend

What is SCOR current dividend yield, its reliability and sustainability?

9.18%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SCR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SCR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SCR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SCR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SCR is not paying a notable dividend for the Swiss market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SCR's dividend in 3 years as they are not forecast to pay a notable one for the Swiss market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.7yrs

Average management tenure


CEO

Denis Kessler (68 yo)

17.83yrs

Tenure

€6,700,700

Compensation

Mr. Denis Jean-Marie Kessler serves as Chairman and Chief Executive Officer at SCOR Holding (Switzerland) AG and SCOR SE since November 4, 2002. Mr. Kessler serves as the Chairman at SCOR Reinsurance Compa ...


CEO Compensation Analysis

Compensation vs Market: Denis's total compensation ($USD7.86M) is above average for companies of similar size in the Swiss market ($USD1.93M).

Compensation vs Earnings: Denis's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Denis Kessler
Chairman & CEO17.83yrs€6.70m0.83%
€ 35.8m
Mark Kociancic
Group Chief Financial Officer7.33yrsno datano data
Romain Launay
Group Chief Operating Officer4.58yrsno datano data
Frieder Knüpling
Group Chief Risk Officer13.67yrsno datano data
François de Varenne
Chief Executive Officer of SCOR Global Investments & SCOR Investment Partners11.92yrsno datano data
Paolo De Martin
Chief Executive Officer of SCOR Global Life6.67yrsno datano data
Jean-Paul Conoscente
Chief Executive Officer of SCOR Global P&C1.42yrsno datano data
Michèle Lacroix
Head of the Group Investment Officeno datano datano data
Marc Philippe
Chief Information Officerno datano datano data
Ian Kelly
Head of Investor Relationsno datano datano data
Spencer Alridge
Group Chief Compliance Officer5.25yrsno datano data
Anette Rey
Head of Group Communications1.08yrsno datano data

6.7yrs

Average Tenure

52yo

Average Age

Experienced Management: SCR's management team is seasoned and experienced (6.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Denis Kessler
Chairman & CEO17.83yrs€6.70m0.83%
€ 35.8m
Jane Wicker-Miurin
Independent Director7.42yrs€156.00k0.0012%
€ 52.2k
Bruno Pfister
Independent Director4.42yrs€165.00k0.00062%
€ 26.7k
Claude Tendil
Director17.33yrs€110.00k0.0030%
€ 128.1k
Fabrice Brégier
Independent Director1.42yrs€49.00k0.00014%
€ 6.0k
Augustin Pascal Pierre Louis de Romanet de Beaune
Lead Independent Director3.67yrs€140.00k0.00079%
€ 34.1k
Thomas Saunier
Independent Director3.42yrs€58.00kno data
Jean-Marc Raby
Independent Director5.42yrs€74.00k0.00060%
€ 25.9k
Kory Sorenson
Independent Director7.42yrs€125.00k0.0020%
€ 84.5k
Vanessa Marquette
Independent Director5.42yrs€138.00k0.00079%
€ 34.1k
Zhen Wang
Independent Director2.42yrs€99.00k0.00027%
€ 11.6k
Fiona Derhan
Employee Representative Director1.42yrs€33.00k0.000040%
€ 1.7k

4.9yrs

Average Tenure

60yo

Average Age

Experienced Board: SCR's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SCOR SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SCOR SE
  • Ticker: SCR
  • Exchange: SWX
  • Founded: 1970
  • Industry: Reinsurance
  • Sector: Insurance
  • Market Cap: €4.009b
  • Listing Market Cap: €4.312b
  • Shares outstanding: 186.28m
  • Website: https://www.scor.com

Number of Employees


Location

  • SCOR SE
  • 5, Avenue Kléber
  • Cedex 16
  • Paris
  • Ile-de-France
  • 75795
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCRENXTPA (Euronext Paris)YesCommon StockFREURFeb 1994
SDRCDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1994
SCRSWX (SIX Swiss Exchange)YesCommon StockCHCHFFeb 1994
0IT3LSE (London Stock Exchange)YesCommon StockGBEURFeb 1994
SZCR.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 1994
SCRPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURFeb 1994
SCRZBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBCHFFeb 1994
SDRCETLX (Eurotlx)YesCommon StockITEURFeb 1994
SCRY.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDOct 1996

Biography

SCOR SE provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and Asia Pacific. It operates through two segments, SCOR Global P&C and SCOR Global ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/25 02:50
End of Day Share Price2020/09/24 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.