Fidelis Insurance Holdings Limited

DB:U0K Stock Report

Market Cap: €2.0b

Fidelis Insurance Holdings Valuation

Is U0K undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of U0K when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: U0K (€16.6) is trading below our estimate of fair value (€104)

Significantly Below Fair Value: U0K is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for U0K?

Other financial metrics that can be useful for relative valuation.

U0K key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA4.9x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

How does U0K's PE Ratio compare to its peers?

The above table shows the PE ratio for U0K vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.3x
NBG6 NÜRNBERGER Beteiligungs-AG
15.2x38.4%€633.6m
TLX Talanx
10.1x3.8%€18.7b
LRE Lancashire Holdings
5.4x-6.9%UK£1.5b
RAYSG Ray Sigorta Anonim Sirketi
42.4xn/a₺68.9b
U0K Fidelis Insurance Holdings
4.4x2.0%€2.2b

Price-To-Earnings vs Peers: U0K is good value based on its Price-To-Earnings Ratio (4.4x) compared to the peer average (18.3x).


Price to Earnings Ratio vs Industry

How does U0K's PE Ratio compare vs other companies in the European Insurance Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.3%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.3%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: U0K is good value based on its Price-To-Earnings Ratio (4.4x) compared to the European Insurance industry average (11.3x).


Price to Earnings Ratio vs Fair Ratio

What is U0K's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

U0K PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.4x
Fair PE Ratio7.6x

Price-To-Earnings vs Fair Ratio: U0K is good value based on its Price-To-Earnings Ratio (4.4x) compared to the estimated Fair Price-To-Earnings Ratio (7.6x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst U0K forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€16.60
€18.83
+13.4%
9.1%€21.72€16.75n/a10
Oct ’25€15.80
€18.71
+18.4%
9.1%€21.59€16.64n/a10
Sep ’25€16.20
€19.06
+17.6%
9.2%€21.72€17.19n/a8
Aug ’25€16.30
€19.43
+19.2%
9.0%€21.95€17.37n/a8
Jul ’25€14.80
€19.72
+33.3%
9.8%€22.16€17.08n/a7
Jun ’25€14.70
€19.72
+34.2%
9.8%€22.16€17.08n/a7
May ’25€18.30
€19.71
+7.7%
11.5%€22.37€16.31n/a7
Apr ’25€17.20
€18.31
+6.5%
13.1%€22.21€14.81n/a7
Mar ’25€15.30
€17.01
+11.1%
16.6%€22.15€13.84n/a7
Feb ’25€11.80
€15.75
+33.5%
15.7%€20.05€12.76n/a7
Jan ’25€11.30
€15.88
+40.5%
13.8%€20.37€12.97n/a7
Dec ’24€10.90
€15.52
+42.4%
16.1%€20.23€11.95n/a8
Nov ’24€13.10
€16.70
+27.5%
11.4%€20.77€14.16n/a8
Oct ’24€13.80
€16.30
+18.1%
12.6%€20.56€14.02€15.808
Sep ’24n/a
€15.90
0%
12.3%€20.21€13.78€16.208
Aug ’24n/a
€15.56
0%
13.0%€20.06€13.68€16.308

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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