Loading...

Stewart Information Services

DB:SIU
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SIU
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The last earnings update was 17 days ago. More info.


Add to Portfolio Compare Print
SIU Share Price and Events
7 Day Returns
3.3%
DB:SIU
3%
DE Insurance
-0.2%
DE Market
1 Year Returns
6.7%
DB:SIU
9%
DE Insurance
-10.4%
DE Market
SIU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Stewart Information Services (SIU) 3.3% -0.2% 2.4% 6.7% 19.1% 66%
DE Insurance 3% -2.6% 7.5% 9% 42.4% 59.7%
DE Market -0.2% -2.1% 4.2% -10.4% 11.1% 10.6%
1 Year Return vs Industry and Market
  • SIU underperformed the Insurance industry which returned 9% over the past year.
  • SIU outperformed the Market in Germany which returned -10.4% over the past year.
Price Volatility
SIU
Industry
5yr Volatility vs Market

Value

 Is Stewart Information Services 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 Stewart Information Services 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Stewart Information Services.

DB:SIU Discounted Cash Flow Data Sources
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
= $27.81 * 8.9%
$2.46
Book Value of Equity per Share Median Book Value from the past 5 years. $27.81
Discount Rate (Cost of Equity) See below 5.6%
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.

Calculation of Discount Rate/ Cost of Equity for DB:SIU
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 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.725 (1 + (1- 21%) (21.52%))
0.898
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.898 * 5.96%)
5.58%

Discounted Cash Flow Calculation for DB:SIU using Excess Returns Model Model

The calculations below outline how an intrinsic value for Stewart Information Services 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.

DB:SIU Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.9% – 5.58%) * $27.81)
$0.91
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.91 / (5.58% - 0.23%)
$17.03
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $27.81 + $17.03
$44.84
DB:SIU Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SIU represents 0.89389x of NYSE:STC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89389x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 44.84 x 0.89389
€40.08
Value per share (EUR) From above. €40.08
Current discount Discount to share price of €38.38
= -1 x (€38.38 - €40.08) / €40.08
4.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Stewart Information Services is available for.
Intrinsic value
4%
Share price is €38.38 vs Future cash flow value of €40.08
Current Discount Checks
For Stewart Information Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Stewart Information Services's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Stewart Information Services's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Stewart Information Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Stewart Information Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SIU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.89
NYSE:STC Share Price ** NYSE (2019-05-17) in USD $42.93
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.15x
Germany Market PE Ratio Median Figure of 426 Publicly-Listed Companies 20.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Stewart Information Services.

DB:SIU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:STC Share Price ÷ EPS (both in USD)

= 42.93 ÷ 1.89

22.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stewart Information Services is overvalued based on earnings compared to the DE Insurance industry average.
  • Stewart Information Services is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Stewart Information Services's expected growth come at a high price?
Raw Data
DB:SIU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
34.2%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 2.63x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

DB:SIU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.71x ÷ 34.2%

0.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stewart Information Services is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Stewart Information Services's assets?
Raw Data
DB:SIU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $28.43
NYSE:STC Share Price * NYSE (2019-05-17) in USD $42.93
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.04x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:SIU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:STC Share Price ÷ Book Value per Share (both in USD)

= 42.93 ÷ 28.43

1.51x

* Primary Listing of Stewart Information Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stewart Information Services is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess Stewart Information Services's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Stewart Information Services 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.

Future Performance

 How is Stewart Information Services expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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!
Annual Growth Rate
34.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Stewart Information Services expected to grow at an attractive rate?
  • Stewart Information Services's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Stewart Information Services's earnings growth is expected to exceed the Germany market average.
  • Stewart Information Services's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SIU Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SIU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 34.2%
DB:SIU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1.6%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
Raw Data
DB:SIU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SIU Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,915 77 2
2019-12-31 1,871 52 2
DB:SIU Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,869 73 45
2018-12-31 1,908 84 48
2018-09-30 1,963 104 51
2018-06-30 1,957 99 45
2018-03-31 1,951 98 41
2017-12-31 1,957 108 49
2017-09-30 1,964 107 50
2017-06-30 2,015 121 66
2017-03-31 2,018 136 59
2016-12-31 2,013 123 43
2016-09-30 1,979 79 29
2016-06-30 1,982 93 -10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Stewart Information Services's earnings are expected to grow significantly at over 20% yearly.
  • Stewart Information Services's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:SIU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Stewart Information Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SIU Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 3.23 3.67 2.78 2.00
2019-12-31 2.20 2.47 1.92 2.00
DB:SIU Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.89
2018-12-31 2.02
2018-09-30 2.18
2018-06-30 1.90
2018-03-31 1.74
2017-12-31 2.08
2017-09-30 2.15
2017-06-30 2.81
2017-03-31 2.51
2016-12-31 1.86
2016-09-30 1.26
2016-06-30 -0.45

*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 Stewart Information Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Stewart Information Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Stewart Information Services has a total score of 3/6, 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.

Past Performance

  How has Stewart Information Services 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
Below we compare Stewart Information Services's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Stewart Information Services's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Stewart Information Services's 1-year earnings growth is less than its 5-year average (9.2% vs 15.5%)
  • Stewart Information Services's earnings growth has not exceeded the DE Insurance industry average in the past year (9.2% vs 9.4%).
Earnings and Revenue History
Stewart Information Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Stewart Information Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SIU Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,868.96 44.54 604.21
2018-12-31 1,907.67 47.52 602.28
2018-09-30 1,962.80 51.21 609.49
2018-06-30 1,956.73 44.60 611.26
2018-03-31 1,950.72 40.79 604.33
2017-12-31 1,956.52 48.66 605.29
2017-09-30 1,963.63 50.30 607.67
2017-06-30 2,015.37 65.73 622.15
2017-03-31 2,018.35 58.76 635.23
2016-12-31 2,013.34 43.48 645.65
2016-09-30 1,978.78 29.38 659.73
2016-06-30 1,982.07 -10.46 670.23
2016-03-31 2,024.74 -4.95 689.98
2015-12-31 2,035.59 -6.20 701.17
2015-09-30 2,051.70 3.05 707.93
2015-06-30 2,002.39 40.24 707.33
2015-03-31 1,917.33 29.41 686.40
2014-12-31 1,865.03 29.75 666.93
2014-09-30 1,797.12 35.40 637.46
2014-06-30 1,826.66 27.09 620.17
2014-03-31 1,897.04 47.71 615.32
2013-12-31 1,931.48 63.03 610.23
2013-09-30 2,004.14 107.27 614.36
2013-06-30 1,988.05 126.53 605.47
2013-03-31 1,954.54 124.55 590.16
2012-12-31 1,910.41 109.18 581.56
2012-09-30 1,834.52 49.58 559.83
2012-06-30 1,732.31 19.46 536.05

*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.
  • Stewart Information Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Stewart Information Services used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
  • Stewart Information Services's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Stewart Information Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Stewart Information Services 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.

Health

 How is Stewart Information Services'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 Stewart Information Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Stewart Information Services's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Stewart Information Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Stewart Information Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.2x 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.
Raw Data

All data from Stewart Information Services Company Filings, last reported 1 month ago.

DB:SIU Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 678.90 220.35 138.38
2018-12-31 679.84 108.04 177.32
2018-09-30 676.73 106.44 145.92
2018-06-30 666.24 107.66 131.17
2018-03-31 656.20 108.60 106.27
2017-12-31 678.81 109.31 160.34
2017-09-30 672.37 138.56 165.28
2017-06-30 666.38 116.33 147.00
2017-03-31 649.10 100.85 126.71
2016-12-31 648.85 106.81 194.11
2016-09-30 658.37 131.14 161.56
2016-06-30 640.98 127.69 161.50
2016-03-31 628.49 115.91 132.46
2015-12-31 637.13 102.40 201.57
2015-09-30 644.15 82.05 213.10
2015-06-30 667.34 82.71 167.17
2015-03-31 682.76 65.23 155.74
2014-12-31 700.45 71.18 168.20
2014-09-30 666.91 91.26 174.56
2014-06-30 663.90 92.62 172.97
2014-03-31 652.55 31.46 140.96
2013-12-31 663.09 32.95 217.53
2013-09-30 655.19 32.53 238.41
2013-06-30 634.49 33.68 245.68
2013-03-31 621.11 34.19 205.83
2012-12-31 580.37 71.17 245.56
2012-09-30 524.68 71.13 199.85
2012-06-30 481.94 71.55 165.22
  • Stewart Information Services's level of debt (32.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.9% vs 32.5% today).
  • Debt is well covered by operating cash flow (33.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 22x coverage).
X
Financial health checks
We assess Stewart Information Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Stewart Information Services has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

Dividends

 What is Stewart Information Services'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
Dividend payments
2.8%
Current annual income from Stewart Information Services dividends. Estimated to be 2.8% next year.
If you bought €2,000 of Stewart Information Services shares you are expected to receive €56 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Stewart Information Services's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Stewart Information Services's dividend is below the markets top 25% of dividend payers in Germany (3.8%).
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.
Raw Data
DB:SIU Annualized Past and Future Dividends
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 2 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:SIU Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.20 1.00
2019-12-31 1.20 1.00
DB:SIU Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 1.200 2.792
2018-12-03 1.200 2.826
2018-08-31 1.200 2.783
2018-06-01 1.200 2.719
2018-03-02 1.200 2.825
2017-12-01 1.200 2.805
2017-09-01 1.200 3.176
2017-06-01 1.200 2.893
2017-04-28 1.200 2.656
2017-04-20 1.200 2.572
2016-12-01 1.200 2.726
2016-09-01 1.200 2.646
2016-06-01 1.200 2.817
2016-02-24 1.200 3.453
2015-11-16 1.200 3.272
2015-09-01 1.000 2.478
2015-06-01 1.000 2.529
2015-04-23 1.000 2.706
2014-12-01 0.100 0.267
2013-11-18 0.100 0.311
2012-12-03 0.100 0.357
2011-12-05 0.050 0.323
2010-12-06 0.050 0.488
2009-12-14 0.050 0.455

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Stewart Information Services has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Stewart Information Services only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Stewart Information Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Stewart Information Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Stewart Information Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Stewart Information Services has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Stewart Information Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Morris
COMPENSATION $2,518,136
AGE 46
TENURE AS CEO 7.5 years
CEO Bio

Mr. Matthew W. Morris, also known as Matt, has been Chief Executive Officer of Stewart Information Services Corporation since November 2011. Mr. Morris serves as the President of Stewart Title Guaranty Company, Inc. Mr. Morris serves as the Chief Executive Officer of Stewart Title Company. Mr. Morris focuses on enhancing growth and financial performance while preserving Stewart’s culture of integrity and service to customers. Mr. Morris served as President of Stewart Information Services Corporation and served as its President of Title unit since April 18, 2007. He served as President of Stewart Professional Solutions, overseeing home office and back office functions, including marketing, information technology, human resources, finance and accounting, the strategy and program management office and audit/risk management for the Stewart companies and served as Senior Vice President of Planning and Development at Stewart Information from May 2004 to April 18, 2007. Mr. Morris rejoined Stewart in May 2004. Mr. Morris served as Senior Executive Vice President at Stewart Information Services Corporation until November 2011, Stewart Title Company and Stewart Title Guaranty Company. Prior to rejoining Stewart, Mr. Morris served as a Director of strategic litigation consulting firm from 2000 to May 2004. Mr. Morris served as head of Stewart Professional Solutions and served as Senior Vice President for the Stewart Title Guaranty, Stewart Title and Stewart Information units. Mr. Morris has been Director of Stewart Information Services Corporation since October 18, 2016 and served as its Advisory Director. Mr. Morris serves as a Member of Advisory Board at The Zieben Group. He serves as a Director of Greater Houston Partnership, Inc. Mr. Morris holds Bachelor of Business Administration degree in organizational behavior and business policy from Southern Methodist University and an MBA from the University of Texas with a concentration in finance.

CEO Compensation
  • Matt's compensation has been consistent with company performance over the past year.
  • Matt's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Stewart Information Services management team in years:

3
Average Tenure
54
Average Age
  • The tenure for the Stewart Information Services management team is about average.
Management Team

Matt Morris

TITLE
CEO & Director
COMPENSATION
$3M
AGE
46
TENURE
7.5 yrs

John Killea

TITLE
President
COMPENSATION
$1M
AGE
62
TENURE
1.5 yrs

David Hisey

TITLE
CFO, Secretary & Treasurer
COMPENSATION
$2M
AGE
58
TENURE
1.7 yrs

John Magness

TITLE
Group President
COMPENSATION
$1M
AGE
57
TENURE
0.3 yrs

Brian Glaze

TITLE
Principal Accounting Officer
AGE
49
TENURE
11.2 yrs

Brad Rable

TITLE
Chief Information Officer
AGE
51
TENURE
4.1 yrs

Nat Otis

TITLE
Director of IR / Senior Vice President - Finance
TENURE
5.3 yrs

John Arcidiacono

TITLE
Chief Marketing Officer

Ann Manal

TITLE
Chief Human Resources Officer
AGE
51
TENURE
2.8 yrs

Glenn Clements

TITLE
Director of Stewart Title Insurance Company of New York & Executive VP of Stewart Title
COMPENSATION
$1M
AGE
70
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Stewart Information Services board of directors in years:

5
Average Tenure
57
Average Age
  • The tenure for the Stewart Information Services board of directors is about average.
Board of Directors

Tom Apel

TITLE
Chairman of the Board
COMPENSATION
$196K
AGE
57
TENURE
5 yrs

Matt Morris

TITLE
CEO & Director
COMPENSATION
$3M
AGE
46
TENURE
2.6 yrs

Robert Clarke

TITLE
Director
COMPENSATION
$159K
AGE
75
TENURE
14.5 yrs

Glenn Christenson

TITLE
Director
COMPENSATION
$161K
AGE
69
TENURE
5 yrs

Jim Chadwick

TITLE
Director
COMPENSATION
$137K
AGE
44
TENURE
4 yrs

William Hobby

TITLE
Advisory Director
COMPENSATION
$130K
AGE
57
TENURE
5 yrs

Arnaud Ajdler

TITLE
Director
COMPENSATION
$126K
AGE
43
TENURE
5 yrs

Clifford Bradley

TITLE
Director
COMPENSATION
$139K
AGE
66
TENURE
2.4 yrs

Fred Eppinger

TITLE
Director
COMPENSATION
$149K
AGE
59
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. Mar 19 Sell Steven Lessack Individual 15. Feb 19 15. Feb 19 -1,093 €37.94 €-41,465
X
Management checks
We assess Stewart Information Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Stewart Information Services 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.

News

Simply Wall St News

Company Info

Description

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property. This segment also offers home and personal insurance services; and services for tax-deferred exchanges. The Ancillary Services and Corporate segment primarily provides search and valuation services to the mortgage industry. The company offers its products and services through its directly owned policy-issuing offices, network of independent agencies, and other businesses. It serves homebuyers and sellers, residential and commercial real estate professionals, mortgage lenders and servicers, title agencies and real estate attorneys, home builders, and mortgage brokers and investors. The company operates in the United States, Canada, the United Kingdom, Australia, Central Europe, and internationally. Stewart Information Services Corporation was founded in 1893 and is headquartered in Houston, Texas.

Details
Name: Stewart Information Services Corporation
SIU
Exchange: DB
Founded: 1893
$917,254,337
23,846,293
Website: http://www.stewart.com
Address: Stewart Information Services Corporation
1980 Post Oak Boulevard,
Suite 800,
Houston,
Texas, 77056,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE STC Common Stock New York Stock Exchange US USD 02. Jan 1980
DB SIU Common Stock Deutsche Boerse AG DE EUR 02. Jan 1980
Number of employees
Current staff
Staff numbers
5,400
Stewart Information Services employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/18 22:14
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/04/29
Last earnings filing: 2019/05/01
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.