LSE:0J3U

Stock Analysis Report

Health Insurance Innovations

Executive Summary

Health Insurance Innovations, Inc. operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States.


Snowflake Analysis

Moderate growth potential with questionable track record.

Share Price & News

How has Health Insurance Innovations's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 0J3U has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

0J3U

-5.5%

GB Insurance

-4.4%

GB Market


1 Year Return

n/a

0J3U

-6.7%

GB Insurance

1.4%

GB Market

Return vs Industry: Insufficient data to determine how 0J3U performed against the UK Insurance industry.

Return vs Market: Insufficient data to determine how 0J3U performed against the UK Market.


Shareholder returns

0J3UIndustryMarket
7 Day0%-5.5%-4.4%
30 Dayn/a-3.2%-6.3%
90 Dayn/a0.5%-2.7%
1 Yearn/a3.7%-6.7%6.7%1.4%
3 Yearn/a12.5%-7.6%12.6%-1.5%
5 Yearn/a24.3%-7.6%28.8%-0.7%

Price Volatility Vs. Market

How volatile is Health Insurance Innovations's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Health Insurance Innovations undervalued compared to its fair value and its price relative to the market?

24.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 0J3U ($23.04) is trading above our estimate of fair value ($18.19)

Significantly Below Fair Value: 0J3U is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 0J3U is poor value based on its PE Ratio (24.5x) compared to the Insurance industry average (14x).

PE vs Market: 0J3U is poor value based on its PE Ratio (24.5x) compared to the UK market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: 0J3U is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: 0J3U is overvalued based on its PB Ratio (4.6x) compared to the GB Insurance industry average (1.8x).


Next Steps

Future Growth

How is Health Insurance Innovations forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

13.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0J3U's forecast earnings growth (13.4% per year) is above the savings rate (0.5%).

Earnings vs Market: 0J3U's earnings (13.4% per year) are forecast to grow faster than the UK market (13% per year).

High Growth Earnings: 0J3U's earnings are forecast to grow, but not significantly.

Revenue vs Market: 0J3U's revenue (8.9% per year) is forecast to grow faster than the UK market (3.8% per year).

High Growth Revenue: 0J3U's revenue (8.9% 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 0J3U's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Health Insurance Innovations performed over the past 5 years?

46.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0J3U has a high level of non-cash earnings.

Growing Profit Margin: 0J3U's current net profit margins (3.9%) are higher than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: 0J3U has become profitable over the past 5 years, growing earnings by 46.1% per year.

Accelerating Growth: 0J3U's earnings growth over the past year (22.4%) is below its 5-year average (46.1% per year).

Earnings vs Industry: 0J3U earnings growth over the past year (22.4%) underperformed the Insurance industry 23.4%.


Return on Equity

High ROE: 0J3U's Return on Equity (16.7%) is considered low.


Next Steps

Financial Health

How is Health Insurance Innovations'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: 0J3U has a low level of unsold assets or inventory.

Debt Coverage by Assets: 0J3U's debt is covered by short term assets (assets are 1.5x debt).


Financial Institutions Analysis

Asset Level: 0J3U's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if 0J3U has a sufficient allowance for bad loans.

Low Risk Liabilities: 0J3U reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 0J3U has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 0J3U has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 0J3U has an appropriate level of bad loans.


Next Steps

Dividend

What is Health Insurance Innovations's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 0J3U's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 0J3U'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 0J3U's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 0J3U'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 0J3U's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Gavin Southwell (41yo)

3.3yrs

Tenure

US$2,238,600

Compensation

Mr. Gavin Southwell has been Chief Executive Officer of Health Insurance Innovations, Inc. since November 15, 2016 and has been its President since July 2016. Mr. Southwell served as a Consultant of Healt ...


CEO Compensation Analysis

Compensation vs Market: Gavin's total compensation ($USD2.24M) is above average for companies of similar size in the UK market ($USD840.76K).

Compensation vs Earnings: Gavin's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Gavin Southwell
President3.3yrsUS$2.24m4.35% $18.1m
Erik Helding
CFO, Treasurer & Secretary0.3yrsno data0.23% $944.4k
John Evans
Investor Relations contact4.1yrsno datano data
Angela Bryant
Senior VP & General Counsel0yrsno datano data
Domenick DiCicco
Chief Compliance Officer Counsel0.7yrsno datano data
Gerod Vernon
Vice President of Sales0yrsno datano data
Michael DeVries
Senior Vice President of Finance0yrsno datano data
Jennifer Hammer
Head of Strategic Initiatives Team1.2yrsno datano data
Jeffrey Eisenberg
Consultant5.3yrsUS$10.00kno data

2.2yrs

Average Tenure

46yo

Average Age

Experienced Management: 0J3U's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gavin Southwell
President3.3yrsUS$2.24m4.35% $18.1m
Paul Gabos
Non-Executive Chairman3.3yrsUS$191.50k0.58% $2.4m
Paul Avery
Independent Director7yrsUS$137.50k0.22% $925.6k
Robert Murley
Independent Director5.3yrsUS$137.50k0.34% $1.4m
Peggy Scott
Independent Director0.8yrsno data0.027% $110.6k
John Fichthorn
Independent Director2.2yrsUS$130.00k0.11% $444.6k
Anthony Barkett
Independent Director6.9yrsUS$151.50k0.57% $2.3m
Ellen Duffield
Independent Director0.8yrsno data0.027% $110.6k

3.3yrs

Average Tenure

57yo

Average Age

Experienced Board: 0J3U's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 0J3U insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Health Insurance Innovations, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Health Insurance Innovations, Inc.
  • Ticker: 0J3U
  • Exchange: LSE
  • Founded: 2008
  • Industry: Insurance Brokers
  • Sector: Insurance
  • Implied Market Cap: US$415.453m
  • Market Cap: US$385.736m
  • Shares outstanding: 14.21m
  • Website: https://www.hiiq.com

Number of Employees


Location

  • Health Insurance Innovations, Inc.
  • 15438 North Florida Avenue
  • Suite 201
  • Tampa
  • Florida
  • 33613
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HIIQNasdaqGM (Nasdaq Global Market)YesClass A Common StockUSUSDFeb 2013
6LNDB (Deutsche Boerse AG)YesClass A Common StockDEEURFeb 2013
0J3ULSE (London Stock Exchange)YesClass A Common StockGBUSDFeb 2013

Biography

Health Insurance Innovations, Inc. operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provide 3 months to 12 months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer fixed cash benefits and additional benefits for procedures and services; and supplemental insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards. The company offers individual and family health insurance plans, and supplemental products in concert with insurance carriers and discount benefit providers; and markets them to individuals through a network of distributors. Health Insurance Innovations, Inc. was founded in 2008 and is based in Tampa, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 23:51
End of Day Share Price2020/01/29 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.