Hiscox
Market Cap
UK£3.5b
Last Updated
2021/01/16 01:34 UTC
Data Sources
Company Financials +
Executive Summary
Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and overvalued.
Similar Companies
Share Price & News
How has Hiscox's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HSX is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HSX's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
1.1%
HSX
-0.7%
GB Insurance
-1.7%
GB Market
1 Year Return
-27.1%
HSX
-3.9%
GB Insurance
-8.6%
GB Market
Return vs Industry: HSX underperformed the UK Insurance industry which returned -3.3% over the past year.
Return vs Market: HSX underperformed the UK Market which returned -7.7% over the past year.
Shareholder returns
| HSX | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | -0.7% | -1.7% |
| 30 Day | -0.7% | 4.3% | 3.4% |
| 90 Day | 14.8% | 25.7% | 14.5% |
| 1 Year | -27.1%-27.1% | 0.3%-3.9% | -4.9%-8.6% |
| 3 Year | -27.0%-29.9% | -1.8%-19.6% | 3.7%-9.0% |
| 5 Year | 15.6%4.1% | 35.5%0.07% | 47.1%13.7% |
Long-Term Price Volatility Vs. Market
How volatile is Hiscox's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Have Insiders Been Buying Hiscox Ltd (LON:HSX) Shares This Year?1 month ago | Simply Wall St
Could The Hiscox Ltd (LON:HSX) Ownership Structure Tell Us Something Useful?3 months ago | Simply Wall St
A Look At Hiscox's (LON:HSX) Share Price ReturnsValuation
Is Hiscox undervalued compared to its fair value and its price relative to the market?
19.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HSX (£9.98) is trading below our estimate of fair value (£12.41)
Significantly Below Fair Value: HSX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: HSX is unprofitable, so we can't compare its PE Ratio to the GB Insurance industry average.
PE vs Market: HSX is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HSX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HSX is overvalued based on its PB Ratio (1.7x) compared to the GB Insurance industry average (1.4x).
Next Steps
Future Growth
How is Hiscox forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
63.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HSX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).
Earnings vs Market: HSX is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: HSX's is expected to become profitable in the next 3 years.
Revenue vs Market: HSX's revenue (9% per year) is forecast to grow faster than the UK market (6.5% per year).
High Growth Revenue: HSX's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HSX's Return on Equity is forecast to be low in 3 years time (14.7%).
Next Steps
Past Performance
How has Hiscox performed over the past 5 years?
-47.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HSX is currently unprofitable.
Growing Profit Margin: HSX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HSX is unprofitable, and losses have increased over the past 5 years at a rate of 47.8% per year.
Accelerating Growth: Unable to compare HSX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HSX is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-7.6%).
Return on Equity
High ROE: HSX has a negative Return on Equity (-10.15%), as it is currently unprofitable.
Next Steps
Financial Health
How is Hiscox's financial position?
Financial Position Analysis
Short Term Liabilities: HSX's short term assets ($5.6B) do not cover its short term liabilities ($10.8B).
Long Term Liabilities: HSX's short term assets ($5.6B) exceed its long term liabilities ($780.8M).
Debt to Equity History and Analysis
Debt Level: HSX's debt to equity ratio (44.6%) is considered high.
Reducing Debt: HSX's debt to equity ratio has increased from 0.4% to 44.6% over the past 5 years.
Debt Coverage: HSX's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: Insufficient data to determine if HSX's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Hiscox current dividend yield, its reliability and sustainability?
3.49%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HSX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HSX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HSX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HSX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: HSX is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HSX'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?
2.9yrs
Average management tenure
CEO
Bronek Masojada (59 yo)
21yrs
Tenure
US$698,196
Compensation
Mr. Bronislaw Edmund Masojada, also known as Bronek, serves at Augmentum Capital LLP. He serves as the Group Chief Executive Officer of Hiscox, Ltd since 2000 and has been its Executive Director since Dece...
CEO Compensation Analysis
Compensation vs Market: Bronek's total compensation ($USD1.26M) is below average for companies of similar size in the UK market ($USD1.98M).
Compensation vs Earnings: Bronek's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 21yrs | US$698.20k | 0.87% $ 30.1m | |
| Group CFO & Executive Director | 4.33yrs | US$539.09k | 0.023% $ 806.3k | |
| no data | US$541.78k | 0.14% $ 4.9m | ||
| Chief Investment Officer | 2yrs | no data | no data | |
| Chief Information Officer | 3.75yrs | no data | no data | |
| Head of Investor Relations | 0.25yr | no data | no data | |
| Group Compliance & Audit Director | no data | no data | no data | |
| Group General Counsel & Company Secretary | no data | no data | no data | |
| Group Head of Communications | no data | no data | no data | |
| Chief Marketing Officer | 0.17yr | no data | no data | |
| Chief Human Resources Officer | 15yrs | no data | 0.021% $ 735.7k | |
| Chairman of Hiscox Special Risks & Chairman of Hiscox Pension Trustees | 1.92yrs | no data | no data |
2.9yrs
Average Tenure
53.5yo
Average Age
Experienced Management: HSX's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 21yrs | US$698.20k | 0.87% $ 30.1m | |
| Group CFO & Executive Director | 4.33yrs | US$539.09k | 0.023% $ 806.3k | |
| Independent Non Executive Director | 5.67yrs | US$96.40k | 0.012% $ 398.3k | |
| Independent Non-Executive Director | 3.17yrs | US$134.01k | 0.0020% $ 68.1k | |
| Non-Executive Chairman of the Board | 7.92yrs | US$301.86k | 0.35% $ 12.1m | |
| Senior Independent Director | 5.17yrs | US$162.20k | 0.012% $ 400.4k | |
| Independent Non Executive Director | 5.67yrs | US$163.66k | 0.00044% $ 15.2k | |
| Director of Hiscox Syndicates Limited | no data | no data | no data | |
| Independent Non Executive Director | 3.17yrs | US$124.80k | 0.0037% $ 126.5k | |
| Independent Non Executive Director | 8yrs | US$193.70k | 0.0084% $ 289.4k | |
| Independent Non-Executive Director | 3.17yrs | US$146.40k | 0.0046% $ 157.7k | |
| Group Chief Underwriting Officer & Executive Director | 0.83yr | no data | no data |
5.2yrs
Average Tenure
59yo
Average Age
Experienced Board: HSX's board of directors are considered experienced (5.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HSX 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 20%.
Top Shareholders
Company Information
Hiscox Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hiscox Ltd
- Ticker: HSX
- Exchange: LSE
- Founded:
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: UK£3.457b
- Shares outstanding: 346.43m
- Website: https://www.hiscoxgroup.com
Number of Employees
Location
- Hiscox Ltd
- Wessex House
- 4th Floor
- Hamilton
- HM 12
- Bermuda
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HSX | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Nov 1994 |
| HCXL.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Nov 1994 |
| HSXL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Nov 1994 |
| H2X3 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 1994 |
Biography
Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Cent...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 01:34 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| 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.