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Sabre Insurance Group

LSE:SBRE
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SBRE
LSE
£715M
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles in the United Kingdom. The last earnings update was 21 days ago. More info.


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SBRE Share Price and Events
7 Day Returns
-0.7%
LSE:SBRE
4.5%
GB Insurance
1%
GB Market
1 Year Returns
13.5%
LSE:SBRE
-4.1%
GB Insurance
1.6%
GB Market
SBRE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sabre Insurance Group (SBRE) -0.7% -0.3% 4.4% 13.5% - -
GB Insurance 4.5% 3.4% 13% -4.1% 14.6% 24.5%
GB Market 1% 2.3% 8.6% 1.6% 14% 5.9%
1 Year Return vs Industry and Market
  • SBRE outperformed the Insurance industry which returned -4.1% over the past year.
  • SBRE outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.6% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

SBRE Value

 Is Sabre Insurance Group 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 Sabre Insurance Group 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 Sabre Insurance Group.

LSE:SBRE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £1.12 * 19.5%
£0.22
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. £1.12
Discount Rate (Cost of Equity) See below 6.7%
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:SBRE
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 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.726 (1 + (1- 19%) (0%))
0.816
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.816 * 6.65%)
6.66%

Discounted Cash Flow Calculation for LSE:SBRE using Excess Returns Model Model

The calculations below outline how an intrinsic value for Sabre Insurance Group 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:SBRE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (19.5% – 6.66%) * £1.12)
£0.14
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.14 / (6.66% - 1.23%)
£2.64
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.12 + £2.64
£3.75
LSE:SBRE Discount to Share Price
Calculation Result
Value per share (GBP) From above. £3.75
Current discount Discount to share price of £2.86
= -1 x (£2.86 - £3.75) / £3.75
23.8%

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

Current Discount
Amount off the current price Sabre Insurance Group is available for.
Intrinsic value
24%
Share price is £2.86 vs Future cash flow value of £3.75
Current Discount Checks
For Sabre Insurance Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sabre Insurance Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sabre Insurance Group'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 Sabre Insurance Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sabre Insurance Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:SBRE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.20
LSE:SBRE Share Price ** LSE (2019-04-18) in GBP £2.86
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.28x

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

** Primary Listing of Sabre Insurance Group.

LSE:SBRE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:SBRE Share Price ÷ EPS (both in GBP)

= 2.86 ÷ 0.20

14.37x

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

  • Sabre Insurance Group is good value based on earnings compared to the GB Insurance industry average.
  • Sabre Insurance Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Sabre Insurance Group's expected growth come at a high price?
Raw Data
LSE:SBRE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
3.1%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.58x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.37x ÷ 3.1%

4.68x

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

  • Sabre Insurance Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sabre Insurance Group's assets?
Raw Data
LSE:SBRE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £1.06
LSE:SBRE Share Price * LSE (2019-04-18) in GBP £2.86
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.14x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
LSE:SBRE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:SBRE Share Price ÷ Book Value per Share (both in GBP)

= 2.86 ÷ 1.06

2.7x

* Primary Listing of Sabre Insurance Group.

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

  • Sabre Insurance Group is overvalued based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Sabre Insurance Group'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. Sabre Insurance Group has a total score of 3/6, 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.

SBRE Future Performance

 How is Sabre Insurance Group expected to perform in the next 1 to 3 years based on estimates from 4 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
3.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sabre Insurance Group expected to grow at an attractive rate?
  • Sabre Insurance Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Sabre Insurance Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Sabre Insurance Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:SBRE Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:SBRE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 3.1%
LSE:SBRE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 6.9%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.7%
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 11.1%
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:SBRE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:SBRE Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 241 54 3
2020-12-31 227 53 4
2019-12-31 214 51 4
LSE:SBRE Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 195 6 50
2018-09-30 196 8 45
2018-06-30 194 23 39
2018-03-31 193 36 37
2017-12-31 192 50 36
2017-09-30 189 14 39
2016-12-31 191 -3 42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sabre Insurance Group's earnings are expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
  • Sabre Insurance Group's revenue is expected to grow by 6.9% 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:SBRE 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 4 Analyst Estimates (S&P Global) See Below

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

LSE:SBRE Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.22 0.23 0.21 3.00
2020-12-31 0.21 0.22 0.19 4.00
2019-12-31 0.20 0.22 0.19 4.00
LSE:SBRE Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.20
2018-09-30 0.11
2018-06-30 0.18
2018-03-31 0.16
2017-12-31 0.14
2017-09-30 0.89
2016-12-31 0.17

*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.
  • Sabre Insurance Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sabre Insurance Group'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.
Sabre Insurance Group 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.

SBRE Past Performance

  How has Sabre Insurance Group 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 Sabre Insurance Group'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.
  • Sabre Insurance Group's year on year earnings growth rate has been positive over the past 5 years.
  • Sabre Insurance Group's 1-year earnings growth exceeds its 5-year average (37.7% vs 13.1%)
  • Sabre Insurance Group's earnings growth has exceeded the GB Insurance industry average in the past year (37.7% vs 5.3%).
Earnings and Revenue History
Sabre Insurance Group'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 Sabre Insurance Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:SBRE Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 194.92 49.57 18.76
2018-09-30 195.68 44.85 21.90
2018-06-30 194.14 38.75 20.17
2018-03-31 192.99 37.37 19.14
2017-12-31 191.85 35.99 18.11
2017-09-30 188.64 39.31 16.56
2016-12-31 191.48 42.07 17.14
2015-12-31 157.22 24.34 14.46
2014-12-31 137.99 27.25 16.27

*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.
  • Sabre Insurance Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sabre Insurance Group used its assets more efficiently than the GB Insurance industry average last year based on Return on Assets.
  • Sabre Insurance Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sabre Insurance Group'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.
Sabre Insurance Group has a total score of 5/6, 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.

SBRE Health

 How is Sabre Insurance Group'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 Sabre Insurance Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sabre Insurance Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sabre Insurance Group has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sabre Insurance Group'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.
  • Sabre Insurance Group has no debt, it does not need to be covered by short term assets.
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 Sabre Insurance Group Company Filings, last reported 3 months ago.

LSE:SBRE Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 265.15 0.00 309.97
2018-09-30 265.15 0.00 309.97
2018-06-30 258.17 0.00 304.57
2018-03-31 258.17 0.00 304.57
2017-12-31 231.99 0.00 278.46
2017-09-30 218.78 0.00 261.37
2016-12-31 212.82 0.00 244.78
2015-12-31 216.10 0.00 248.19
2014-12-31 209.39 0.00 217.82
  • Sabre Insurance Group has no debt.
  • Sabre Insurance Group has not taken on any debt in the past 5 years.
  • Sabre Insurance Group has no debt, it does not need to be covered by operating cash flow.
  • Sabre Insurance Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Sabre Insurance Group'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. Sabre Insurance Group has a total score of 6/6, 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.

SBRE Dividends

 What is Sabre Insurance Group'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
4.76%
Current annual income from Sabre Insurance Group dividends. Estimated to be 6.4% next year.
If you bought £2,000 of Sabre Insurance Group shares you are expected to receive £95 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?
  • Sabre Insurance Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Sabre Insurance Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.12%).
Upcoming dividend payment

Purchase Sabre Insurance Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:SBRE 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 4 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 705 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 5.1%

Industry and Market average data is calculated daily.

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

LSE:SBRE Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.19 3.00
2020-12-31 0.17 4.00
2019-12-31 0.19 4.00
LSE:SBRE Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.136 4.738
2018-07-31 0.144 5.299
2018-03-22 0.000 0.000
2017-12-06 1.028 38.180

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

  • It is too early to tell whether Sabre Insurance Group has stable dividend payments.
  • Sabre Insurance Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Sabre Insurance Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Sabre Insurance Group'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 Sabre Insurance Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sabre Insurance Group has a total score of 3/6, see the detailed checks below.


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

SBRE Management

 What is the CEO of Sabre Insurance Group'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
Geoff Carter
COMPENSATION £668,142
AGE 47
TENURE AS CEO 1.6 years
CEO Bio

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 served as the Chief Executive of Tesco Underwriting Limited from May 1, 2010 to June 16, 2015. He has over 20 years' experience in managing insurance operations. Mr. Carter served as Managing Director of Insurer's Broking Arm Outright of Ageas SA/NV (also known as Fortis SA/NV) since October 2007. He served as Managing Director of Fortis Insurance Solutions at Ageas (UK) Limited (Alternate Name Fortis (U.K.) Ltd) since October 2007. He joined FIS, OutRight, as Managing Director in October 2007. In this role, he was responsible for developing FIS' aggregator and call-centre proposition to brokers and affinity brands such as AIG, Uswitch and Aon. his last position before joining FIS, he was part of the executive team that developed Tescocompare.com, which launched in September 2007. Mr. Carter launched his career in insurance in 1987 when he joined Royal Insurance. He has subsequently held various executive roles within Churchill Insurance and subsequently the RBS Group, where he worked as Partnership Director and Commercial Director. He was employed at Churchill Insurance, both prior to and following its acquisition by Royal Bank of Scotland plc (RBS), and was subsequently seconded to TescoCompare.com to launch a joint venture between Tesco plc and RBS. Mr. Carter is a strong advocate of the use of technology in delivering insurance to customers and has considerable expertise in the aggregator market. In He serves as Director of Sabre Insurance Group plc. Mr. Carter is a Chartered Insurer. He holds Master of Business Administration degree from Sheffield Business School. He holds Postgraduate Diploma in Marketing from the Chartered Institute of Marketing.

CEO Compensation
  • Geoff's compensation has increased by more than 20% in the past year.
  • Geoff's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Sabre Insurance Group management team in years:

1.6
Average Tenure
38
Average Age
  • The average tenure for the Sabre Insurance Group management team is less than 2 years, this suggests a new team.
Management Team

Geoff Carter

TITLE
CEO & Executive Director
COMPENSATION
£668K
AGE
47
TENURE
1.6 yrs

Adam Westwood

TITLE
CFO, Chief Risk Officer & Executive Director
COMPENSATION
£462K
AGE
35
TENURE
1.6 yrs

Anneka Kingan

TITLE
Company Secretary & Head of Internal Audit
TENURE
0.9 yrs

James Ockenden

TITLE
Chief Actuary
AGE
38
TENURE
3.6 yrs
Board of Directors Tenure

Average tenure and age of the Sabre Insurance Group board of directors in years:

1.5
Average Tenure
53
Average Age
  • The average tenure for the Sabre Insurance Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Patrick Joseph Snowball

TITLE
Non-Executive Chairman
COMPENSATION
£108K
AGE
68
TENURE
1.4 yrs

Geoff Carter

TITLE
CEO & Executive Director
COMPENSATION
£668K
AGE
47
TENURE
1.6 yrs

Adam Westwood

TITLE
CFO, Chief Risk Officer & Executive Director
COMPENSATION
£462K
AGE
35
TENURE
1.6 yrs

Catherine Barton

TITLE
Independent Non-Executive Director
COMPENSATION
£4K
AGE
44
TENURE
1.5 yrs

Rebecca Shelley

TITLE
Independent Non-Executive Director
COMPENSATION
£4K
AGE
53
TENURE
1.5 yrs

Andy Pomfret

TITLE
Senior Independent Director
AGE
59
TENURE
1.2 yrs

Ian Clark

TITLE
Independent Non-Executive Director
COMPENSATION
£3K
AGE
58
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • Sabre Insurance Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
10. Apr 19 Sell Trevor Webb Individual 10. Apr 19 10. Apr 19 -420,000 £2.88 £-1,209,600
10. Apr 19 Sell Adam Westwood Individual 10. Apr 19 10. Apr 19 -190,000 £2.88 £-547,200
10. Apr 19 Sell Geoffrey Carter Individual 10. Apr 19 10. Apr 19 -420,000 £2.88 £-1,209,600
16. Oct 18 Sell James Ockenden Individual 15. Oct 18 15. Oct 18 -982,686 £2.59 £-2,545,353
X
Management checks
We assess Sabre Insurance Group'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. Sabre Insurance Group 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.

SBRE News

Simply Wall St News

Did Sabre Insurance Group plc (LON:SBRE) Insiders Sell Shares?

So before you buy or sell Sabre Insurance Group plc (LON:SBRE), you may well want to know whether insiders have been buying or selling. … Sabre Insurance Group Insider Transactions Over The Last Year. … Insiders in Sabre Insurance Group didn't buy any shares in the last year

Simply Wall St -

Sabre Insurance Group (LON:SBRE) Shareholders Have Enjoyed A 17% Share Price Gain

To wit, the Sabre Insurance Group plc (LON:SBRE) share price is 17% higher than it was a year ago, much better than the market return of around 0.9% (not including dividends) in the same period. … We'll need to follow Sabre Insurance Group for a while to get a better sense of its share price trend, since it hasn't been listed for particularly long. … During the last year Sabre Insurance Group grew its earnings per share (EPS) by 37%.

Simply Wall St -

Is Sabre Insurance Group plc (LON:SBRE) A Smart Choice For Dividend Investors?

Recently, Sabre Insurance Group plc (LON:SBRE) has started paying dividends to shareholders. … Let's take a look at Sabre Insurance Group in more detail. … Check out our latest analysis for Sabre Insurance Group

Simply Wall St -

Is Sabre Insurance Group plc's (LON:SBRE) 19% Better Than Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Sabre Insurance Group plc (LON:SBRE). … Our data shows Sabre Insurance Group has a return on equity of 19% for the last year.

Simply Wall St -

What To Know Before Buying Sabre Insurance Group plc (LON:SBRE) For Its Dividend

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Does Sabre Insurance Group tick all the boxes of a great dividend stock? … Check out our latest analysis for Sabre Insurance Group

Simply Wall St -

A Look At Sabre Insurance Group plc's (LON:SBRE) Exceptional Fundamentals

I've been keeping an eye on Sabre Insurance Group plc (LON:SBRE) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe SBRE has a lot to offer. … If you're interested in understanding beyond my high-level commentary,

Simply Wall St -

Here's What Sabre Insurance Group plc's (LON:SBRE) P/E Ratio Is Telling Us

We'll show how you can use Sabre Insurance Group plc's (LON:SBRE) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Sabre Insurance Group's P/E ratio is 13.91. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Is The Future Prospect For Financials And Sabre Insurance Group plc (LON:SBRE)?

Sabre Insurance Group plc (LON:SBRE), a UK£732.4m. … which has recently experienced the impact of a softening commercial lines market, a problematic personal lines segment, and a low-yield investment climate … Agility has become the new normal as insurance companies are confronted by a marketplace that is continuously changing drastically

Simply Wall St -

Is Sabre Insurance Group plc (LON:SBRE) An Attractive Dividend Stock?

In the past, Sabre Insurance Group plc (LON:SBRE) has returned an average of 12.00% per year to investors in the form of dividend payouts. … Let's take a look at Sabre Insurance Group in more detail. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:

Simply Wall St -

Why Sabre Insurance Group plc's (LON:SBRE) Ownership Structure Is Important

I am going to take a deep dive into Sabre Insurance Group plc’s (LON:SBRE) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … View our latest analysis for Sabre Insurance Group

Simply Wall St -

SBRE Company Info

Description

Sabre Insurance Group plc, through its subsidiaries, engages in the writing of general insurance for motor vehicles in the United Kingdom. The company offers its products through a network of insurance brokers, as well as through its own direct brands, including the Go Girl, Insure 2 Drive, and Drive Smart. Sabre Insurance Group plc was founded in 1982 and is based in Dorking, the United Kingdom.

Details
Name: Sabre Insurance Group plc
SBRE
Exchange: LSE
Founded: 1982
£715,000,000
250,000,000
Website: http://www.sabreplc.co.uk
Address: Sabre Insurance Group plc
Sabre House,
150 South Street,
Dorking,
Surrey, RH4 2YY,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SBRE Ordinary Shares London Stock Exchange GB GBP 06. Dec 2017
DB 18M Ordinary Shares Deutsche Boerse AG DE EUR 06. Dec 2017
BATS-CHIXE SBREL Ordinary Shares BATS 'Chi-X Europe' GB GBP 06. Dec 2017
Number of employees
Current staff
Staff numbers
159
Sabre Insurance Group employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:39
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/12
Last earnings filing: 2019/03/28
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.