Trisura Group
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 last earnings update was 71 days ago. More info.
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QPA1 Share Price and Events
7 Day Returns
1 Year Returns
QPA1 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Trisura Group (QPA1) | -0.5% | 0% | 9.5% | 16.9% | - | - |
| DE Insurance | -0.3% | 1.8% | 1.6% | 19% | 62.2% | 59.5% |
| DE Market | -1.1% | -0.4% | -4% | -8.5% | 8.1% | 9.4% |
1 Year Return vs Industry and Market
- QPA1 underperformed the Insurance industry which returned 19% over the past year.
- QPA1 outperformed the Market in Germany which returned -8.5% over the past year.
QPA1 Value
Is Trisura Group undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Trisura Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Trisura Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = CA$22.79 * 3.9% |
CA$0.88 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 3 analysts. | CA$22.79 |
| Discount Rate (Cost of Equity) | See below | 5.3% |
| Perpetual Growth Rate | 10-Year DE Government Bond Rate | 0.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year DE Govt Bond Rate | 0.2% |
| Equity Risk Premium | S&P Global | 6% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.69 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 26.5%) (19.02%)) |
0.853 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.85 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.853 * 5.96%) |
5.31% |
Discounted Cash Flow Calculation for DB:QPA1 using Excess Returns Model Model
The calculations below outline how an intrinsic value for Trisura Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (3.9% – 5.31%) * CA$22.79) |
CA$-0.33 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= CA$-0.33 / (5.31% - 0.23%) |
CA$-6.45 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= CA$22.79 + CA$-6.45 |
CA$16.34 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in DB:QPA1
represents 0.6745x
of
TSX:TSU
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
0.6745x |
| Value per Share (Listing Adjusted, EUR) |
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 16.34 x 0.6745 |
€11.02 |
| Value per share (EUR) | From above. | €11.02 |
| Current discount | Discount to share price of
€20.10
= -1 x (€20.10 - €11.02) / €11.02 |
-82.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Trisura Group is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Trisura Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Trisura Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in CAD | CA$1.39 |
| TSX:TSU Share Price ** | TSX (2019-07-19) in CAD | CA$29.8 |
| Germany Insurance Industry PE Ratio | Median Figure of 6 Publicly-Listed Insurance Companies | 13.31x |
| Germany Market PE Ratio | Median Figure of 422 Publicly-Listed Companies | 19.67x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Trisura Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:TSU Share Price ÷ EPS (both in CAD) = 29.8 ÷ 1.39 |
21.46x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Trisura Group is overvalued based on earnings compared to the DE Insurance industry average.
- Trisura Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does
Trisura Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 21.46x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
44.5%per year |
| Germany Insurance Industry PEG Ratio | Median Figure of 5 Publicly-Listed Insurance Companies | 3.08x |
| Germany Market PEG Ratio | Median Figure of 270 Publicly-Listed Companies | 1.44x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 21.46x ÷ 44.5% |
0.48x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Trisura Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Trisura Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in CAD | CA$20.17 |
| TSX:TSU Share Price * | TSX (2019-07-19) in CAD | CA$29.8 |
| Germany Insurance Industry PB Ratio | Median Figure of 6 Publicly-Listed Insurance Companies | 1.08x |
| Germany Market PB Ratio | Median Figure of 570 Publicly-Listed Companies | 1.73x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:TSU Share Price ÷ Book Value per Share (both in CAD) = 29.8 ÷ 20.17 |
1.48x |
* Primary Listing of Trisura Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Trisura Group is overvalued based on assets compared to the DE Insurance industry average.
Value checks
We assess Trisura Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) Trisura Group has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
QPA1 Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Trisura Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
- Trisura Group's earnings growth is expected to exceed the Germany market average.
- Trisura Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| DB:QPA1 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 44.5% |
| DB:QPA1 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 49.8% |
| Germany Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 4.7% |
| Germany Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 5% |
| Germany Market Earnings Growth Rate | Market Cap Weighted Average | 11.8% |
| Germany Market Revenue Growth Rate | Market Cap Weighted Average | 5.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 427 | 16 | 2 | |
| 2019-12-31 | 375 | 4 | 2 |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 111 | 24 | 9 |
| 2018-12-31 | 104 | 20 | 9 |
| 2018-09-30 | 99 | 16 | 7 |
| 2018-06-30 | 93 | 17 | 5 |
| 2018-03-31 | 91 | 26 | 4 |
| 2017-12-31 | 88 | 17 | 2 |
| 2017-09-30 | 89 | 8 | 2 |
| 2017-06-30 | 86 | 8 | -1 |
| 2017-03-31 | 85 | -10 | 1 |
| 2016-12-31 | 88 | 8 | 3 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Trisura Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 2.73 | 2.95 | 2.40 | 3.00 |
| 2019-12-31 | 1.82 | 1.92 | 1.71 | 2.00 |
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.39 |
| 2018-12-31 | 1.29 |
| 2018-09-30 | 1.04 |
| 2018-06-30 | 0.74 |
| 2018-03-31 | 0.66 |
| 2017-12-31 | 0.37 |
| 2017-09-30 | 0.41 |
| 2017-06-30 | -0.20 |
| 2017-03-31 | |
| 2016-12-31 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Trisura Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Trisura Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Trisura Group has a total score of 5/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
QPA1 Past Performance
How has Trisura Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Insufficient data to establish if Trisura Group's year on year earnings growth rate was positive over the past 5 years.
- Unable to compare Trisura Group's 1-year earnings growth to the 5-year average due to insufficient past data.
- Trisura Group's earnings growth has exceeded the DE Insurance industry average in the past year (127.1% vs 9.4%).
Earnings and Revenue History
All data from Trisura Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 110.59 | 9.20 | 37.34 | |
| 2018-12-31 | 103.99 | 8.54 | 35.18 | |
| 2018-09-30 | 98.51 | 6.85 | 35.16 | |
| 2018-06-30 | 93.50 | 4.72 | 33.72 | |
| 2018-03-31 | 91.38 | 4.05 | 33.07 | |
| 2017-12-31 | 88.24 | 2.21 | 32.28 | |
| 2017-09-30 | 88.63 | 2.38 | 32.23 | |
| 2017-06-30 | 86.48 | -1.18 | 31.69 | |
| 2017-03-31 | 84.55 | 0.98 | 27.41 | |
| 2016-12-31 | 88.07 | 2.95 | 26.60 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Trisura Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Trisura Group used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
- Unable to establish if Trisura Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Trisura Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Trisura Group has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
QPA1 Health
How is Trisura Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Trisura Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Trisura Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Trisura Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 10.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Trisura Group Company Filings, last reported 3 months ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 135.17 | 29.70 | 108.74 |
| 2018-12-31 | 129.95 | 29.70 | 113.51 |
| 2018-09-30 | 128.14 | 29.70 | 121.00 |
| 2018-06-30 | 126.67 | 29.70 | 117.83 |
| 2018-03-31 | 123.70 | 29.70 | 127.09 |
| 2017-12-31 | 121.50 | 29.70 | 187.69 |
| 2017-09-30 | 125.95 | 29.90 | 180.19 |
| 2017-06-30 | 126.90 | 30.40 | 185.51 |
| 2017-03-31 | 88.82 | 31.61 | 136.36 |
| 2016-12-31 | 86.90 | 34.10 | 151.08 |
- Trisura Group's level of debt (22%) compared to net worth is satisfactory (less than 40%).
- Unable to establish if Trisura Group's debt level has increased without past 5-year debt data.
- Debt is well covered by operating cash flow (80.6%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 7.4x coverage).
Financial health checks
We assess Trisura Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Trisura Group has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
QPA1 Dividends
What is Trisura Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
Trisura Group
shares you are expected to receive
€0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Trisura Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Trisura Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Germany Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 6 Stocks | 4.1% |
| Germany Market Average Dividend Yield | Market Cap Weighted Average of 325 Stocks | 3.2% |
| Germany Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| Germany Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| Germany Top 25% Dividend Yield | 75th Percentile | 3.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Trisura Group has not reported any payouts.
- Unable to verify if Trisura Group's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Trisura Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Trisura Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Trisura Group has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
QPA1 Management
CEO
| COMPENSATION | CA$1,012,408 |
| AGE | 33 |
| TENURE AS CEO | 0.8 years |
CEO Bio
Mr. David J. Clare has been the President and Chief Executive Officer of Trisura Group Ltd., since October 16, 2018 and Director since 2018. Mr. Clare was an integral member of senior management team Trisura Group Ltd. and served as Senior Vice President of Trisura Group Ltd since February 1, 2018 and Chief Investment officer since 2018 and responsible for it's investments, corporate development and investor relations. Since 2015, Mr. Clare had been Vice President at PVI, where he led an initiative to build and manage a global portfolio of securities in multiple jurisdictions across equity, fixed income and derivative instruments. Prior to that, Mr. Clare worked at Power Corporation of Canada where he focused on corporate development and strategy in the financial services industry. Prior to joining Trisura as a Senior Vice President and Chief Investment Officer in 2017, Mr. Clare was a Vice President at Partners Value Investments LP, Trisura’s largest shareholder. He holds a Bachelor of Commerce degree from Queen’s University.
CEO Compensation
- Insufficient data for David to compare compensation growth.
- David's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure
Average tenure and age of the Trisura Group management team in years:
- The average tenure for the Trisura Group management team is less than 2 years, this suggests a new team.
Management Team
David Clare
President
CA$1M
33
0.8 yrs
Jimmy Doyle
CFO & Chief Risk Officer
CA$622K
60
1.9 yrs
Eileen Sweeney
Executive VP & CFO of Trisura Specialty
CA$648K
58
0.4 yrs
Michael Beasley
CEO & President of Trisura Specialty Insurance Company
CA$680K
0.4 yrs
David Scotland
Chief Financial Officer of Trisura Guarantee
1.1 yrs
Board of Directors Tenure
Average tenure and age of the Trisura Group board of directors in years:
- The average tenure for the Trisura Group board of directors is less than 3 years, this suggests a new board.
Board of Directors
George Myhal
Chairman
CA$39K
63
1.2 yrs
David Clare
President
CA$1M
33
1.5 yrs
Paul Gallagher
Director
CA$75K
63
2.1 yrs
Bart Hedges
Director
CA$70K
53
2.1 yrs
Greg Morrison
Director
CA$751K
61
2.5 yrs
Bob Taylor
Director
CA$95K
72
1.2 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Trisura Group individual insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 23. May 19 | Buy | Barton Hedges | Individual | 21. May 19 | 21. May 19 | 4,000 | €20.18 | €80,666 | ||
| 01. Apr 19 | Sell | Michael George | Individual | 29. Mar 19 | 29. Mar 19 | -5,000 | €20.00 | €-99,996 | ||
| 27. Mar 19 | Sell | Michael George | Individual | 25. Mar 19 | 25. Mar 19 | -2,000 | €19.75 | €-39,507 | ||
| 08. Mar 19 | Buy | Partners Value Investments LP | Company | 25. Feb 19 | 25. Feb 19 | 400 | €17.33 | €6,932 | ||
| 02. Jan 19 | Sell | Michael George | Individual | 31. Dec 18 | 31. Dec 18 | -3,000 | €16.74 | €-50,213 | ||
| 22. Dec 18 | Buy | Partners Value Investments LP | Company | 21. Dec 18 | 21. Dec 18 | 13,000 | €16.65 | €216,467 | ||
| 14. Dec 18 | Buy | Partners Value Investments LP | Company | 14. Dec 18 | 14. Dec 18 | 4,000 | €17.19 | €68,742 | ||
| 11. Dec 18 | Sell | Michael George | Individual | 06. Dec 18 | 06. Dec 18 | -4,000 | €18.21 | €-72,840 | ||
| 27. Nov 18 | Sell | Michael George | Individual | 23. Nov 18 | 23. Nov 18 | -2,000 | €18.36 | €-36,703 | ||
| 12. Nov 18 | Buy | Gregory Ernest Morrison | Individual | 12. Nov 18 | 12. Nov 18 | 10,000 | €17.14 | €171,441 | ||
| 12. Nov 18 | Buy | Partners Value Investments LP | Company | 12. Nov 18 | 12. Nov 18 | 22,200 | €17.23 | €382,528 | ||
| 29. Oct 18 | Buy | Partners Value Investments LP | Company | 16. Oct 18 | 29. Oct 18 | 47,000 | €18.14 | €845,988 | ||
| 27. Sep 18 | Buy | Partners Value Investments LP | Company | 27. Sep 18 | 27. Sep 18 | 15,700 | €17.86 | €280,350 | ||
| 17. Sep 18 | Buy | Partners Value Investments LP | Company | 17. Sep 18 | 17. Sep 18 | 25,000 | €17.86 | €446,378 | ||
| 12. Sep 18 | Buy | Partners Value Investments LP | Company | 12. Sep 18 | 12. Sep 18 | 25,000 | €18.30 | €457,608 | ||
| 07. Sep 18 | Sell | David Scotland | Individual | 07. Sep 18 | 07. Sep 18 | -500 | €18.37 | €-9,186 | ||
| 30. Aug 18 | Sell | Michael George | Individual | 29. Aug 18 | 29. Aug 18 | -4,000 | €18.49 | €-73,682 | ||
| 21. Aug 18 | Sell | Michael George | Individual | 17. Aug 18 | 17. Aug 18 | -3,900 | €18.59 | €-72,471 | ||
| 14. Aug 18 | Sell | Michael George | Individual | 13. Aug 18 | 13. Aug 18 | -4,500 | €18.45 | €-82,952 | ||
Management checks
We assess Trisura Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Trisura Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
QPA1 Company Info
Description
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 surety bonds, such as performance, and labor and material payment bonds primarily for the construction industry; commercial surety bonds, including license and permit, tax and excise, and fiduciary bonds to governments, regulatory bodies, or courts to guarantee compliance with legal or fiduciary obligations; and developer surety bonds comprising bonds to secure real estate developers’ legislated deposit and warranty obligations on residential projects. It provides risk solutions, including warranty programs to program administrators, managing general agencies, captive insurance companies, affinity groups, and reinsurers. The company also offers corporate insurance products that comprise directors’ and officers’ insurance for public, private, and non-profit enterprises; errors and omissions liability insurance for enterprises and professionals; business office package insurance for enterprises and professionals; and fidelity insurance for commercial and financial institutions. Trisura Group Ltd. was incorporated in 2017 and is headquartered in Toronto, Canada.
Details
| Name: | Trisura Group Ltd. |
| QPA1 | |
| Exchange: | DB |
| Founded: | 2017 |
| CA$135,252,479 | |
| 6,621,680 | |
| Website: | http://www.trisura.com/group |
| Address: |
Trisura Group Ltd. Bay Adelaide Centre, 333 Bay Street, Toronto, Ontario, M5H 2R2, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | TSU | Common Shares | The Toronto Stock Exchange | CA | CAD | 30. May 2017 | |
| OTCPK | TRRS.F | Common Shares | Pink Sheets LLC | US | USD | 30. May 2017 | |
| DB | QPA1 | Common Shares | Deutsche Boerse AG | DE | EUR | 30. May 2017 |
Number of employees
Current staff
Industry
| Property and Casualty Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/19 22:07 |
| End of day share price update: | 2019/07/19 00:00 |
| Last estimates confirmation: | 2019/07/15 |
| Last earnings filing: | 2019/05/09 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
