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SCOR

LSE:0IT3
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0IT3
LSE
€7B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

SCOR SE provides life and non-life reinsurance products worldwide. The last earnings update was 48 days ago. More info.


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0IT3 Share Price and Events
7 Day Returns
2%
LSE:0IT3
3.5%
GB Insurance
0.6%
GB Market
1 Year Returns
11.6%
LSE:0IT3
-5%
GB Insurance
1.1%
GB Market
0IT3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SCOR (0IT3) 2% 2.5% -6.8% 11.6% 18.6% 50.4%
GB Insurance 3.5% 5.2% 10.1% -5% 14.9% 23.7%
GB Market 0.6% 1.9% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0IT3 outperformed the Insurance industry which returned -5% over the past year.
  • 0IT3 outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0IT3
Industry
5yr Volatility vs Market

0IT3 Value

 Is SCOR 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 SCOR 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 SCOR.

LSE:0IT3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 14 analysts.
= Stable Book Value * Return on Equity
= €34.87 * 10.5%
€3.66
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. €34.87
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:0IT3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 33%) (38.9%))
0.942
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.942 * 6.65%)
7.49%

Discounted Cash Flow Calculation for LSE:0IT3 using Excess Returns Model Model

The calculations below outline how an intrinsic value for SCOR 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.

LSE:0IT3 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.5% – 7.49%) * €34.87)
€1.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €1.05 / (7.49% - 1.23%)
€16.71
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €34.87 + €16.71
€51.58
LSE:0IT3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0IT3 represents 1.00178x of ENXTPA:SCR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00178x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 51.58 x 1.00178
€51.67
Value per share (EUR) From above. €51.67
Current discount Discount to share price of €39.22
= -1 x (€39.22 - €51.67) / €51.67
24.1%

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

Current Discount
Amount off the current price SCOR is available for.
Intrinsic value
24%
Share price is €39.22 vs Future cash flow value of €51.67
Current Discount Checks
For SCOR to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SCOR's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SCOR'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 SCOR's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SCOR's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0IT3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.72
ENXTPA:SCR Share Price ** ENXTPA (2019-04-18) in EUR €39.15
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.26x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of SCOR.

LSE:0IT3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:SCR Share Price ÷ EPS (both in EUR)

= 39.15 ÷ 1.72

22.78x

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

  • SCOR is overvalued based on earnings compared to the GB Insurance industry average.
  • SCOR is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does SCOR's expected growth come at a high price?
Raw Data
LSE:0IT3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
16.8%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.54x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0IT3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.78x ÷ 16.8%

1.36x

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

  • SCOR is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SCOR's assets?
Raw Data
LSE:0IT3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €31.53
ENXTPA:SCR Share Price * ENXTPA (2019-04-18) in EUR €39.15
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.12x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0IT3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:SCR Share Price ÷ Book Value per Share (both in EUR)

= 39.15 ÷ 31.53

1.24x

* Primary Listing of SCOR.

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

  • SCOR is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess SCOR'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. SCOR has a total score of 2/6, 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.

0IT3 Future Performance

 How is SCOR expected to perform in the next 1 to 3 years based on estimates from 14 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
16.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SCOR expected to grow at an attractive rate?
  • SCOR's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • SCOR's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • SCOR's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0IT3 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0IT3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 16.8%
LSE:0IT3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 4.2%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
LSE:0IT3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0IT3 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 870
2022-12-31 798
2021-12-31 17,736 671 6
2020-12-31 16,951 641 11
2019-12-31 16,106 594 10
LSE:0IT3 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 15,639 891 322
2018-09-30 15,391 1,284 603
2018-06-30 15,327 1,069 256
2018-03-31 15,326 1,245 312
2017-12-31 15,334 1,144 286
2017-09-30 15,126 721 190
2017-06-30 15,036 1,232 620
2017-03-31 14,715 1,059 573
2016-12-31 14,369 1,354 603
2016-09-30 14,251 1,541 588
2016-06-30 14,191 1,115 590
2016-03-31 14,089 1,050 637

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SCOR's earnings are expected to grow by 16.8% yearly, however this is not considered high growth (20% yearly).
  • SCOR's revenue is expected to grow by 4.2% 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
LSE:0IT3 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 14 Analyst Estimates (S&P Global) See Below

All data from SCOR Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0IT3 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.82 4.82 4.82 1.00
2022-12-31 4.42 4.42 4.42 1.00
2021-12-31 3.72 4.23 2.84 10.00
2020-12-31 3.55 4.02 2.86 14.00
2019-12-31 3.23 3.61 2.85 13.00
LSE:0IT3 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.72
2018-09-30 3.21
2018-06-30 1.36
2018-03-31 1.67
2017-12-31 1.53
2017-09-30 1.02
2017-06-30 3.34
2017-03-31 3.09
2016-12-31 3.26
2016-09-30 3.17
2016-06-30 3.18
2016-03-31 3.43

*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.
  • SCOR is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SCOR'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
SCOR has a total score of 2/6, 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.

0IT3 Past Performance

  How has SCOR 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 SCOR'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.
  • SCOR's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • SCOR's 1-year earnings growth exceeds its 5-year average (12.6% vs -10.4%)
  • SCOR's earnings growth has exceeded the GB Insurance industry average in the past year (12.6% vs 5.3%).
Earnings and Revenue History
SCOR'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 SCOR Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0IT3 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 15,639.00 322.00
2018-09-30 15,391.00 603.00
2018-06-30 15,327.00 256.00
2018-03-31 15,326.00 312.00
2017-12-31 15,334.00 286.00
2017-09-30 15,126.00 190.00
2017-06-30 15,036.00 620.00
2017-03-31 14,715.00 573.00
2016-12-31 14,369.00 603.00
2016-09-30 14,251.00 588.00
2016-06-30 14,191.00 590.00
2016-03-31 14,089.00 637.00
2015-12-31 13,930.00 642.00
2015-09-30 13,296.00 627.00
2015-06-30 12,874.00 583.00
2015-03-31 12,210.00 552.00
2014-12-31 11,688.00 512.00
2014-09-30 11,369.00 624.00
2014-06-30 11,027.00 616.00
2014-03-31 10,830.00 573.00
2013-12-31 10,619.00 549.00
2013-09-30 10,672.00 402.00
2013-06-30 10,660.00 401.00
2013-03-31 10,004.00 425.00
2012-12-31 9,914.00 418.00
2012-09-30 9,537.00 420.00
2012-06-30 9,108.00 496.00

*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.
  • SCOR has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SCOR used its assets less efficiently than the GB Insurance industry average last year based on Return on Assets.
  • SCOR's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SCOR'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.
SCOR 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.

0IT3 Health

 How is SCOR'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 SCOR's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SCOR's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • SCOR's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SCOR'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 6.9x 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 SCOR Company Filings, last reported 3 months ago.

LSE:0IT3 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,828.00 2,832.00 2,770.00
2018-09-30 6,118.00 3,031.00 2,443.00
2018-06-30 6,048.00 3,012.00 2,378.00
2018-03-31 6,177.00 3,247.00 2,471.00
2017-12-31 6,225.00 2,708.00 2,695.00
2017-09-30 6,025.00 2,728.00 2,687.00
2017-06-30 6,406.00 2,744.00 2,789.00
2017-03-31 6,840.00 2,786.00 2,928.00
2016-12-31 6,695.00 2,770.00 3,186.00
2016-09-30 6,436.00 2,740.00 2,679.00
2016-06-30 6,282.00 3,599.00 2,969.00
2016-03-31 6,358.00 3,101.00 3,431.00
2015-12-31 6,363.00 3,180.00 3,782.00
2015-09-30 6,104.00 2,467.00 2,684.00
2015-06-30 6,026.00 2,660.00 2,191.00
2015-03-31 6,415.00 2,389.00 1,985.00
2014-12-31 5,729.00 2,262.00 2,055.00
2014-09-30 5,501.00 1,869.00 2,031.00
2014-06-30 5,147.00 1,923.00 1,895.00
2014-03-31 5,162.00 1,910.00 2,212.00
2013-12-31 4,980.00 2,079.00 2,582.00
2013-09-30 4,813.00 1,867.00 2,729.00
2013-06-30 4,737.00 1,715.00 1,865.00
2013-03-31 5,002.00 1,621.00 2,552.00
2012-12-31 4,807.00 1,684.00 2,951.00
2012-09-30 4,734.00 1,363.00 1,357.00
2012-06-30 4,588.00 1,472.00 1,197.00
  • SCOR's level of debt (48.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (41.7% vs 48.6% today).
  • Debt is well covered by operating cash flow (31.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.4x coverage).
X
Financial health checks
We assess SCOR'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. SCOR has a total score of 3/6, 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.

0IT3 Dividends

 What is SCOR'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
4.47%
Current annual income from SCOR dividends. Estimated to be 5.02% next year.
If you bought €2,000 of SCOR shares you are expected to receive €89 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?
  • SCOR's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • SCOR's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
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
LSE:0IT3 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 14 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

LSE:0IT3 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.55 1.00
2022-12-31 2.30 2.00
2021-12-31 2.09 12.00
2020-12-31 1.91 17.00
2019-12-31 1.87 18.00
LSE:0IT3 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-04 1.750 4.497
2019-02-20 1.750 4.447
2018-02-22 1.650 4.563
2017-02-22 1.650 4.682
2016-02-24 1.500 5.118
2015-03-05 1.400 4.312
2014-03-05 1.300 5.192
2013-03-22 1.200 4.947
2012-07-27 1.100 5.320
2012-05-03 1.100 5.920
2011-03-08 1.100 6.023
2010-03-03 1.000 5.593
2009-12-31 1.000 5.783
2009-04-22 0.800 4.829

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SCOR's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess SCOR's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 SCOR afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SCOR has a total score of 4/6, see the detailed checks below.


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

0IT3 Management

 What is the CEO of SCOR'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
Denis Kessler
COMPENSATION €6,521,150
AGE 66
TENURE AS CEO 16.4 years
CEO Bio

Mr. Denis Jean-Marie Kessler serves as Chairman and Chief Executive Officer at SCOR Holding (Switzerland) AG and SCOR SE since November 4, 2002. Mr. Kessler serves as Chairman of the Fédération Française des Sociétés d’Assurance (FFSA) and Executive Vice-President of the MEDEF (Mouvement des Entreprises de France). He serves as a Member of the Board of Directors of BNP Paribas SA since May 23, 2000. Mr. Kessler has served as a Non-Executive Director of Invesco Ltd. since March 2002. He previously served on the Boards of Directors of Bollore from 1999 to 2013, Fonds Strategique d’Investissement from 2008 to 2013 and Dassault Aviation from 2003 to 2014. Prior to joining the SCOR group, Mr. Kessler was Chairman of the French Insurance Federation, Senior Executive Vice President of the AXA Group and Executive Vice Chairman of the French Business Confederation. In addition, he is a qualified Actuary. Mr. Kessler previously served as a Member of the Supervisory Board of Yam Invest N.V. from 2008 to 2014, a privately held company, and serves as a global counsellor of The Conference Board. In January 2016, he was elected to the French Institute’s Academy of Moral and Political Sciences. Mr. Kessler is a Fellow of the French Institute of Actuaries. He is a graduate in Economics of École des Hautes Études Commerciales (HEC Paris). Mr. Kessler holds Honorary Doctorate at Ecole des Hautes Etudes Commerciales de Montreal. He holds Doctor Honoris Causa from the Moscow Academy of Finance and the University of Montreal.

CEO Compensation
  • Denis's compensation has been consistent with company performance over the past year.
  • Denis's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the SCOR management team in years:

5.6
Average Tenure
49
Average Age
  • The average tenure for the SCOR management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Denis Kessler

TITLE
Chairman & CEO
COMPENSATION
€7M
AGE
66
TENURE
16.4 yrs

Mark Kociancic

TITLE
Group Chief Financial Officer
AGE
48
TENURE
5.9 yrs

Romain Launay

TITLE
Group Chief Operating Officer
AGE
38
TENURE
3.2 yrs

Frieder Knüpling

TITLE
Group Chief Risk Officer
AGE
48
TENURE
12.3 yrs

François de Varenne

TITLE
Chief Executive Officer of SCOR Global Investments
AGE
52
TENURE
10.5 yrs

Paolo De Martin

TITLE
Chief Executive Officer of SCOR Global Life
AGE
49
TENURE
5.3 yrs

Marc Philippe

TITLE
Chief Information Officer
AGE
49

Ian Kelly

TITLE
Head of Investor Relations
AGE
51

Spencer Alridge

TITLE
Group Chief Compliance Officer
TENURE
3.8 yrs

Marie-Laurence Bouchon

TITLE
Group Head of Communications
TENURE
5.1 yrs
Board of Directors Tenure

Average tenure and age of the SCOR board of directors in years:

4
Average Tenure
57.5
Average Age
  • The tenure for the SCOR board of directors is about average.
Board of Directors

Denis Kessler

TITLE
Chairman & CEO
COMPENSATION
€7M
AGE
66
TENURE
16.4 yrs

Kory Sorenson

TITLE
Director
COMPENSATION
€118K
AGE
50
TENURE
6 yrs

Augustin Pascal Pierre Louis de Romanet de Beaune

TITLE
Lead Independent Director
COMPENSATION
€125K
AGE
56
TENURE
2.3 yrs

Bruno Pfister

TITLE
Director
COMPENSATION
€150K
AGE
59
TENURE
3 yrs

Claude Tendil

TITLE
Director
COMPENSATION
€98K
AGE
73
TENURE
15.9 yrs

Jane Wicker-Miurin

TITLE
Director
COMPENSATION
€150K
AGE
60
TENURE
6 yrs

Vincent Foucart

TITLE
Director
COMPENSATION
€48K
AGE
40
TENURE
1 yrs

Marguerite Bérard-Andrieu

TITLE
Director
COMPENSATION
€83K
AGE
41
TENURE
4 yrs

Vanessa Marquette

TITLE
Director
COMPENSATION
€129K
AGE
46
TENURE
4 yrs

Jean-Marc Raby

TITLE
Director
COMPENSATION
€71K
AGE
59
TENURE
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 (€)
X
Management checks
We assess SCOR'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. SCOR 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.

0IT3 News

Simply Wall St News

0IT3 Company Info

Description

SCOR SE provides life and non-life reinsurance products worldwide. It operates through SCOR Global P&C and SCOR Global Life segments. The SCOR Global P&C segment offers reinsurance products in the areas of property and casualty treaties; specialty treaties, including credit and surety, decennial, agriculture, marine and energy, aviation, engineering, and space solutions; business solutions; and business ventures and partnerships. The SCOR Global Life segment provides life reinsurance products, including protection for mortality, morbidity, behavioral risks, disability, long-term care, critical illness, medical, and personal accident. This segment also provides financial solutions that combine traditional life reinsurance with financial components and provide liquidity, balance sheet, solvency, and income improvements to clients; longevity solutions that include products covering the risk of negative deviation from expected results due to the insured or annuitant living longer than assumed in the pricing of insurance covers provided by insurers or pension funds; and distribution solutions. In addition, the company is involved in the asset management business. SCOR SE was founded in 1970 and is headquartered in Paris, France.

Details
Name: SCOR SE
0IT3
Exchange: LSE
Founded: 1970
€7,280,929,354
185,975,207
Website: http://www.scor.com
Address: SCOR SE
5, Avenue Kléber,
Cedex 16,
Paris,
Ile-de-France, 75795,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA SCR Common Stock Euronext Paris FR EUR 22. Feb 1994
OTCPK SZCR.F Common Stock Pink Sheets LLC US USD 22. Feb 1994
DB SDRC Common Stock Deutsche Boerse AG DE EUR 22. Feb 1994
LSE 0IT3 Common Stock London Stock Exchange GB EUR 22. Feb 1994
SWX SCR Common Stock SIX Swiss Exchange CH CHF 22. Feb 1994
BATS-CHIXE SCRP Common Stock BATS 'Chi-X Europe' GB EUR 22. Feb 1994
OTCPK SCRY.Y SPONSORED ADR Pink Sheets LLC US USD 10. Oct 1996
Number of employees
Current staff
Staff numbers
2,887
SCOR employees.
Industry
Reinsurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:06
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/03/04
Last earnings reported: 2018/12/31
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.