Sabre Insurance Group
Market Cap
UK£652.5m
Last Updated
2020/06/03 01:15 UTC
Data Sources
Company Financials +
Executive Summary
Sabre Insurance Group Plc, through its subsidiaries, engages in writing general insurance for motor vehicles in the United Kingdom.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -2.6% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and fair value.
Share Price & News
How has Sabre Insurance Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SBRE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-5.4%
SBRE
4.9%
GB Insurance
2.8%
GB Market
1 Year Return
2.5%
SBRE
-25.9%
GB Insurance
-11.0%
GB Market
Return vs Industry: SBRE exceeded the UK Insurance industry which returned -25.7% over the past year.
Return vs Market: SBRE exceeded the UK Market which returned -11.7% over the past year.
Shareholder returns
| SBRE | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.4% | 4.9% | 2.8% |
| 30 Day | -6.9% | 5.6% | 8.4% |
| 90 Day | -8.9% | -16.8% | -7.9% |
| 1 Year | 7.4%2.5% | -18.2%-25.9% | -6.7%-11.0% |
| 3 Year | n/a | -18.4%-32.5% | -3.7%-15.4% |
| 5 Year | n/a | -1.3%-26.4% | 15.4%-10.4% |
Price Volatility Vs. Market
How volatile is Sabre Insurance Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Weakness In Sabre Insurance Group Plc (LON:SBRE) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?1 month ago | Simply Wall St
We Wouldn't Be Too Quick To Buy Sabre Insurance Group Plc (LON:SBRE) Before It Goes Ex-Dividend1 month ago | Simply Wall St
Sabre Insurance Group plc (LON:SBRE) Full-Year Results: Here's What Analysts Are Forecasting For This YearValuation
Is Sabre Insurance Group undervalued compared to its fair value and its price relative to the market?
20.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SBRE (£2.62) is trading below our estimate of fair value (£3.3)
Significantly Below Fair Value: SBRE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SBRE is poor value based on its PE Ratio (14.3x) compared to the Insurance industry average (10.9x).
PE vs Market: SBRE is good value based on its PE Ratio (14.3x) compared to the UK market (14.7x).
Price to Earnings Growth Ratio
PEG Ratio: SBRE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SBRE is overvalued based on its PB Ratio (2.4x) compared to the GB Insurance industry average (1.2x).
Next Steps
Future Growth
How is Sabre Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-2.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBRE's earnings are forecast to decline over the next 3 years (-2.6% per year).
Earnings vs Market: SBRE's earnings are forecast to decline over the next 3 years (-2.6% per year).
High Growth Earnings: SBRE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SBRE's revenue (4.3% per year) is forecast to grow faster than the UK market (3.7% per year).
High Growth Revenue: SBRE's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SBRE's Return on Equity is forecast to be low in 3 years time (17%).
Next Steps
Past Performance
How has Sabre Insurance Group performed over the past 5 years?
11.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBRE has high quality earnings.
Growing Profit Margin: SBRE's current net profit margins (23.9%) are lower than last year (25.4%).
Past Earnings Growth Analysis
Earnings Trend: SBRE's earnings have grown by 11.7% per year over the past 5 years.
Accelerating Growth: SBRE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SBRE had negative earnings growth (-7.8%) over the past year, making it difficult to compare to the Insurance industry average (4.2%).
Return on Equity
High ROE: SBRE's Return on Equity (17.1%) is considered low.
Next Steps
Financial Health
How is Sabre Insurance Group's financial position?
Financial Position Analysis
Short Term Liabilities: SBRE's short term assets (£420.8M) exceed its short term liabilities (£330.8M).
Long Term Liabilities: SBRE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SBRE is debt free.
Reducing Debt: SBRE has not had any debt for past 5 years.
Debt Coverage: SBRE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SBRE has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Sabre Insurance Group's current dividend yield, its reliability and sustainability?
4.89%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBRE's dividend (4.89%) is higher than the bottom 25% of dividend payers in the UK market (1.99%).
High Dividend: SBRE's dividend (4.89%) is low compared to the top 25% of dividend payers in the UK market (5.69%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SBRE has been paying a dividend for less than 10 years.
Growing Dividend: SBRE has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.7%), SBRE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SBRE's dividends in 3 years are forecast to be covered by earnings (81.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Geoff Carter (48yo)
2.75yrs
Tenure
UK£820,000
Compensation
Mr. Geoffrey Richard Carter has been Chief Executive Officer of Sabre Insurance Group plc since May 2017. Mr. Carter served as Chief Operating Officer of Sabre Insurance Group plc since November 2015. He s ...
CEO Compensation Analysis
Compensation vs Market: Geoff's total compensation ($USD1.03M) is about average for companies of similar size in the UK market ($USD1.15M).
Compensation vs Earnings: Geoff's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.75yrs | UK£820.00k | 0.62% £4.1m | |
| CFO & Executive Director | 2.75yrs | UK£461.00k | 0.26% £1.7m | |
| Chief Actuary | 4.75yrs | no data | 0.38% £2.5m | |
| Chief Risk Officer | 2.08yrs | no data | no data | |
| Claims Director | no data | no data | 0.62% £4.0m |
2.8yrs
Average Tenure
43.5yo
Average Age
Experienced Management: SBRE's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.75yrs | UK£820.00k | 0.62% £4.1m | |
| CFO & Executive Director | 2.75yrs | UK£461.00k | 0.26% £1.7m | |
| Independent Non-Executive Chairman | 2.58yrs | UK£150.00k | 0.042% £275.8k | |
| Senior Independent Director | 2.33yrs | UK£70.00k | 0.017% £113.9k | |
| Independent Non-Executive Director | 2.67yrs | UK£70.00k | 0.0029% £19.1k | |
| Independent Non-Executive Director | 2.67yrs | UK£70.00k | 0.0030% £19.7k | |
| Independent Non-Executive Director | 2.75yrs | UK£80.00k | 0.11% £696.3k |
2.7yrs
Average Tenure
54yo
Average Age
Experienced Board: SBRE's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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
Sabre Insurance Group Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sabre Insurance Group Plc
- Ticker: SBRE
- Exchange: LSE
- Founded: 1982
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: UK£652.540m
- Shares outstanding: 249.06m
- Website: https://www.sabreplc.co.uk
Number of Employees
Location
- Sabre Insurance Group Plc
- Sabre House
- 150 South Street
- Dorking
- Surrey
- RH4 2YY
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SBRE | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Dec 2017 |
| 18M | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2017 |
| SBREL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Dec 2017 |
Biography
Sabre Insurance Group Plc, through its subsidiaries, engages in writing general insurance for motor vehicles in the United Kingdom. It offers its products through a network of insurance brokers, as well as through its own direct brands, including Go Girl and Insure 2 Drive. The company was founded in 1982 and is based in Dorking, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/03 01:15 |
| End of Day Share Price | 2020/06/02 00:00 |
| Earnings | 2019/12/31 |
| 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.