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.
Snowflake Analysis
High growth potential with adequate balance sheet.
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: QPA1's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.0%
QPA1
-1.0%
DE Insurance
-1.6%
DE Market
1 Year Return
155.9%
QPA1
-4.3%
DE Insurance
8.3%
DE Market
Return vs Industry: QPA1 exceeded the German Insurance industry which returned -4.3% over the past year.
Return vs Market: QPA1 exceeded the German Market which returned 8.3% over the past year.
Shareholder returns
| QPA1 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.0% | -1.0% | -1.6% |
| 30 Day | 28.8% | -1.9% | 0.2% |
| 90 Day | 91.3% | 11.1% | 12.8% |
| 1 Year | 155.9%155.9% | 0.9%-4.3% | 10.7%8.3% |
| 3 Year | 208.5%208.5% | 22.1%6.3% | 3.8%-4.5% |
| 5 Year | n/a | 53.9%22.1% | 9.6%-5.2% |
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
No news available
Valuation
Is Trisura Group undervalued compared to its fair value and its price relative to the market?
57.78x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: QPA1 (€50.5) is trading above our estimate of fair value (€45.73)
Significantly Below Fair Value: QPA1 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: QPA1 is poor value based on its PE Ratio (57.8x) compared to the DE Insurance industry average (10.3x).
PE vs Market: QPA1 is poor value based on its PE Ratio (57.8x) compared to the German market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: QPA1 is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: QPA1 is overvalued based on its PB Ratio (3.8x) compared to the DE Insurance industry average (0.9x).
Next Steps
Future Growth
How is Trisura Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
28.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: QPA1's forecast earnings growth (28% per year) is above the savings rate (0.2%).
Earnings vs Market: QPA1's earnings (28% per year) are forecast to grow faster than the German market (23.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: QPA1's revenue (38.2% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: QPA1's revenue (38.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: QPA1's Return on Equity is forecast to be low in 3 years time (12.4%).
Next Steps
Past Performance
How has Trisura Group performed over the past 5 years?
45.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QPA1 has high quality earnings.
Growing Profit Margin: QPA1's current net profit margins (7.2%) are lower than last year (8.3%).
Past Earnings Growth Analysis
Earnings Trend: QPA1's earnings have grown significantly by 45.6% per year over the past 5 years.
Accelerating Growth: QPA1's earnings growth over the past year (19%) is below its 5-year average (45.6% per year).
Earnings vs Industry: QPA1 earnings growth over the past year (19%) exceeded the Insurance industry 10%.
Return on Equity
High ROE: QPA1's Return on Equity (5.8%) is considered low.
Next Steps
Financial Health
How is Trisura Group's financial position?
Financial Position Analysis
Short Term Liabilities: QPA1's short term assets (CA$683.9M) do not cover its short term liabilities (CA$900.6M).
Long Term Liabilities: QPA1's short term assets (CA$683.9M) exceed its long term liabilities (CA$55.2M).
Debt to Equity History and Analysis
Debt Level: QPA1's debt to equity ratio (17.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if QPA1's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: QPA1's debt is well covered by operating cash flow (184.3%).
Interest Coverage: QPA1's interest payments on its debt are well covered by EBIT (10.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Trisura Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate QPA1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate QPA1'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 QPA1's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if QPA1'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 QPA1's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.4yrs
Average management tenure
CEO
David Clare (34 yo)
1.83yrs
Tenure
CA$945,687
Compensation
Mr. David James Clare has been the President and Chief Executive Officer of Trisura Group Ltd., since October 16, 2018 and Director since 2018. He serves as Chairman of the Board at Trisura Specialty Insur ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD707.99K) is below average for companies of similar size in the German market ($USD1.31M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.83yrs | CA$945.69k | 0.72% CA$ 3.7m | |
| Chief Financial Officer | 1yr | CA$386.64k | 0.016% CA$ 84.1k | |
| Chief Risk Officer | 1yr | CA$472.38k | 0.20% CA$ 1.0m | |
| CEO & President of Trisura Specialty Insurance Company | 1.5yrs | CA$835.93k | no data | |
| President & CEO of Trisura Guarantee Insurance | 1.33yrs | CA$824.79k | 0.31% CA$ 1.6m | |
| Executive VP & CFO of Trisura Specialty | 1.5yrs | CA$796.12k | 0.35% CA$ 1.8m |
1.4yrs
Average Tenure
59yo
Average Age
Experienced Management: QPA1's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.83yrs | CA$945.69k | 0.72% CA$ 3.7m | |
| Independent Chairman | 2.25yrs | CA$60.00k | 0.27% CA$ 1.4m | |
| Director | 3.58yrs | CA$56.64k | 0.39% CA$ 2.0m | |
| Independent Director | 3.17yrs | CA$80.00k | 0.14% CA$ 710.0k | |
| Independent Director | 3.17yrs | CA$80.00k | 0.034% CA$ 177.5k | |
| Independent Director | 2.25yrs | CA$70.00k | 0.45% CA$ 2.3m |
2.9yrs
Average Tenure
63yo
Average Age
Experienced Board: QPA1's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: QPA1 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 54.7%.
Top Shareholders
Company Information
Trisura Group Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Trisura Group Ltd.
- Ticker: QPA1
- Exchange: DB
- Founded: 2017
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: CA$816.873m
- Listing Market Cap: CA$519.574m
- Shares outstanding: 10.25m
- 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 | 2020/08/04 22:31 |
| End of Day Share Price | 2020/08/04 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.