| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
HSX Stock Overview
Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, rest of Europe, the United States, and internationally.
Hiscox Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£9.71 |
| 52 Week High | UK£10.22 |
| 52 Week Low | UK£7.64 |
| Beta | 0.79 |
| 1 Month Change | 13.07% |
| 3 Month Change | 15.55% |
| 1 Year Change | -3.04% |
| 3 Year Change | -37.22% |
| 5 Year Change | -3.52% |
| Change since IPO | 493.47% |
Recent News & Updates
Hiscox Ltd's (LON:HSX) CEO Will Probably Struggle To See A Pay Rise This Year
Performance at Hiscox Ltd ( LON:HSX ) has not been particularly rosy recently and shareholders will likely be holding...
Shareholder Returns
| HSX | GB Insurance | GB Market | |
|---|---|---|---|
| 7D | 4.1% | -0.1% | -0.5% |
| 1Y | -3.0% | 1.7% | 8.7% |
Return vs Industry: HSX underperformed the UK Insurance industry which returned 1.7% over the past year.
Return vs Market: HSX underperformed the UK Market which returned 8.7% over the past year.
Price Volatility
| HSX volatility | |
|---|---|
| HSX Average Weekly Movement | 3.3% |
| Insurance Industry Average Movement | 3.5% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in GB Market | 10.5% |
| 10% least volatile stocks in GB Market | 2.4% |
Stable Share Price: HSX is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: HSX's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1901 | 3,000 | Aki Hussain | https://www.hiscoxgroup.com |
Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, rest of Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, household, media, events and entertainment, high net worth personal lines, fine art, and luxury motor through brokers, other insurers, and distribution partners, as well as directly to businesses online and telephone.
Hiscox Fundamentals Summary
| HSX fundamental statistics | |
|---|---|
| Market Cap | US$4.59b |
| Earnings (TTM) | -US$24.20m |
| Revenue (TTM) | US$3.07b |
1.5x
P/S Ratio-189.8x
P/E RatioIs HSX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HSX income statement (TTM) | |
|---|---|
| Revenue | US$3.07b |
| Cost of Revenue | US$2.79b |
| Gross Profit | US$285.30m |
| Expenses | US$309.50m |
| Earnings | -US$24.20m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.07 |
| Gross Margin | 9.29% |
| Net Profit Margin | -0.79% |
| Debt/Equity Ratio | 30.7% |
How did HSX perform over the long term?
See historical performance and comparisonDividends
1.7%
Current Dividend Yield-162%
Payout RatioValuation
Is Hiscox undervalued compared to its fair value and its price relative to the market?
41.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HSX (£9.71) is trading below our estimate of fair value (£16.47)
Significantly Below Fair Value: HSX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HSX is unprofitable, so we can't compare its PE Ratio to the UK 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 (1.8x) compared to the GB Insurance industry average (1.3x).
Future Growth
How is Hiscox forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
33.9%
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 (0.9%).
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 (7.5% per year) is forecast to grow faster than the UK market (4.9% per year).
High Growth Revenue: HSX's revenue (7.5% 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 (13.4%).
Past Performance
How has Hiscox performed over the past 5 years?
-66.8%
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 66.8% 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 (18.5%).
Return on Equity
High ROE: HSX has a negative Return on Equity (-0.96%), as it is currently unprofitable.
Financial Health
How is Hiscox's financial position?
Financial Position Analysis
Short Term Liabilities: HSX's short term assets ($6.0B) do not cover its short term liabilities ($11.6B).
Long Term Liabilities: HSX's short term assets ($6.0B) exceed its long term liabilities ($773.5M).
Debt to Equity History and Analysis
Debt Level: HSX has more cash than its total debt.
Reducing Debt: HSX's debt to equity ratio has increased from 17% to 30.7% over the past 5 years.
Debt Coverage: HSX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HSX's interest payments on its debt are not well covered by EBIT (0.8x coverage).
Balance Sheet
Dividend
What is Hiscox current dividend yield, its reliability and sustainability?
1.74%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HSX's dividend (1.74%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).
High Dividend: HSX's dividend (1.74%) is low compared to the top 25% of dividend payers in the UK market (4.05%).
Stability and Growth of Payments
Stable Dividend: HSX's dividend payments have been volatile in the past 10 years.
Growing Dividend: HSX's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: HSX is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: HSX's dividends in 3 years are forecast to be well covered by earnings (35% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Aki Hussain (48 yo)
no data
Tenure
US$755,176
Compensation
Mr. Hamayou Akbar Hussain, also known as Aki, serves as Group Chief Executive Officer at Hiscox Ltd since January 01, 2022. He had been Group Chief Financial Officer at Hiscox Ltd since April 2016 and serv...
CEO Compensation Analysis
Compensation vs Market: Aki's total compensation ($USD755.18K) is below average for companies of similar size in the UK market ($USD1.79M).
Compensation vs Earnings: Aki's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: HSX's management team is considered experienced (2.5 years average tenure).
Board Members
Experienced Board: HSX's board of directors are considered experienced (5.8 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Hiscox Ltd's employee growth, exchange listings and data sources
Key Information
- Name: Hiscox Ltd
- Ticker: HSX
- Exchange: LSE
- Founded: 1901
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Implied Market Cap: UK£3.363b
- Shares outstanding: 346.46m
- Website: https://www.hiscoxgroup.com
Number of Employees
Location
- Hiscox Ltd
- Chesney House
- 96 Pitts Bay Road
- Pembroke
- HM 08
- Bermuda
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/17 22:56 |
| End of Day Share Price | 2022/01/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.