Executive Summary
Trupanion, Inc., together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, and Puerto Rico.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with worrying balance sheet.
Share Price & News
How has Trupanion's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TPW has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-7.2%
TPW
-1.2%
DE Insurance
-0.9%
DE Market
1 Year Return
18.3%
TPW
26.0%
DE Insurance
12.8%
DE Market
Return vs Industry: TPW underperformed the German Insurance industry which returned 26% over the past year.
Return vs Market: TPW exceeded the German Market which returned 12.8% over the past year.
Shareholder returns
| TPW | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.2% | -1.2% | -0.9% |
| 30 Day | 1.3% | 4.4% | 0.6% |
| 90 Day | 1.3% | 7.2% | 2.9% |
| 1 Year | 18.3%18.3% | 31.6%26.0% | 16.3%12.8% |
| 3 Year | 103.8%103.8% | 66.8%46.7% | 15.8%5.7% |
| 5 Year | 352.1%352.1% | 97.8%58.3% | 19.7%3.3% |
Price Volatility Vs. Market
How volatile is Trupanion's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Trupanion undervalued compared to its fair value and its price relative to the market?
8.41x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate TPW's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate TPW's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: TPW is unprofitable, so we can't compare its PE Ratio to the Insurance industry average.
PE vs Market: TPW is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TPW's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TPW is overvalued based on its PB Ratio (8.4x) compared to the DE Insurance industry average (1.2x).
Next Steps
Future Growth
How is Trupanion forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
56.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TPW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).
Earnings vs Market: TPW is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TPW's is expected to become profitable in the next 3 years.
Revenue vs Market: TPW's revenue (17.1% per year) is forecast to grow faster than the German market (5.2% per year).
High Growth Revenue: TPW's revenue (17.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TPW's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Trupanion performed over the past 5 years?
56.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPW is currently unprofitable.
Growing Profit Margin: TPW is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TPW is unprofitable, but has reduced losses over the past 5 years at a rate of 56.6% per year.
Accelerating Growth: Unable to compare TPW's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TPW is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (7%).
Return on Equity
High ROE: TPW has a negative Return on Equity (-1.32%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Trupanion'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: TPW has a high level of physical assets or inventory.
Debt Coverage by Assets: TPW's debt is covered by short term assets (assets are 6x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable TPW has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TPW is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -6.3% per year.
Financial Institutions Analysis
Asset Level: TPW's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if TPW has a sufficient allowance for bad loans.
Low Risk Liabilities: TPW reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if TPW has an acceptable proportion of non-loan assets held.
Low Risk Deposits: TPW has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if TPW has an appropriate level of bad loans.
Next Steps
Dividend
What is Trupanion's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TPW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TPW'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 TPW's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TPW'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 TPW'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?
3.8yrs
Average management tenure
CEO
Darryl Graham Rawlings (50yo)
20.1yrs
Tenure
US$875,631
Compensation
Mr. Darryl Graham Andrew Rawlings Co-founded Trupanion, Inc.(also known as Vetinsurance International Inc) in 2000 and has been its Chief Executive Officer, President and Director since January 2001. Mr. R ...
CEO Compensation Analysis
Compensation vs Market: Darryl Graham's total compensation ($USD875.63K) is about average for companies of similar size in the German market ($USD1.20M).
Compensation vs Earnings: Darryl Graham's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 20.1yrs | US$875.63k | 4.42% $46.8m | |
| Chief Financial Officer | 3.8yrs | US$817.48k | 0.018% $195.7k | |
| Head of Food Initiatives | 0.8yrs | US$816.04k | 0.011% $111.4k | |
| Chief Member Experience Officer (Leave of Absence) | 3.8yrs | US$747.97k | 0.063% $665.5k | |
| Chief Strategy Officer & Corporate Secretary | 1.1yrs | US$814.55k | 0.0033% $35.2k | |
| Chief Revenue Officer | 1.1yrs | US$816.15k | 0.018% $195.7k | |
| Director & Consultant | 9.9yrs | US$155.86k | 0.65% $6.8m | |
| Head of Investor Relations | 5.1yrs | no data | no data | |
| SVP of Regulatory & General Counsel | 2.1yrs | no data | 0.00067% $7.1k | |
| Director of Communications | 0yrs | no data | no data |
3.8yrs
Average Tenure
41yo
Average Age
Experienced Management: TPW's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 20.1yrs | US$875.63k | 4.42% $46.8m | |
| Director & Consultant | 9.9yrs | US$155.86k | 0.65% $6.8m | |
| Independent Director | 12.8yrs | US$74.26k | 0.23% $2.4m | |
| Independent Director | 1.4yrs | US$19.74k | 0.015% $156.3k | |
| Chairman of the Board | 0yrs | US$84.14k | 0.53% $5.6m | |
| Independent Director | 7yrs | US$74.26k | 0.017% $175.0k | |
| Independent Director | 5.2yrs | US$84.14k | 0.017% $175.7k | |
| Member of Veterinary Advisory Board | 0yrs | no data | no data | |
| Member of Veterinary Advisory Board | 0yrs | no data | no data | |
| Member of Veterinary Advisory Board | 0yrs | no data | no data |
8.5yrs
Average Tenure
62yo
Average Age
Experienced Board: TPW's board of directors are considered experienced (8.5 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.4%.
Top Shareholders
Company Information
Trupanion, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Trupanion, Inc.
- Ticker: TPW
- Exchange: DB
- Founded: 2000
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: US$1.150b
- Listing Market Cap: US$1.059b
- Shares outstanding: 34.96m
- Website: https://www.trupanion.com
Number of Employees
Location
- Trupanion, Inc.
- 6100 4th Avenue South
- Suite 200
- Seattle
- Washington
- 98108
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TRUP | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Jul 2014 |
| TPW | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2014 |
| 0LH0 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jul 2014 |
Biography
Trupanion, Inc., together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, and Puerto Rico. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians through third-party referrals and online member acquisition channels. The company was formerly known as Vetinsurance International, Inc. changed its name to Trupanion, Inc. in 2013. Trupanion, Inc. was founded in 2000 and is headquartered in Seattle, Washington.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 22:25 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| 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.