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SBRE

Sabre Insurance GroupLSE:SBRE Stock Report

Market Cap

UK£449.8m

7D

-6.2%

1Y

-29.6%

Updated

28 Nov, 2021

Data

Company Financials +
SBRE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance1/6
Financial Health5/6
Dividends4/6

SBRE Stock Overview

Sabre Insurance Group plc, through its subsidiaries, writes general insurance for motor vehicles in the United Kingdom.

Price History & Performance

Summary of all time highs, changes and price drops for Sabre Insurance Group
Historical stock prices
Current Share PriceUK£1.81
52 Week HighUK£2.90
52 Week LowUK£1.77
Beta0.41
1 Month Change-8.23%
3 Month Change-15.61%
1 Year Change-29.59%
3 Year Change-37.29%
5 Year Changen/a
Change since IPO-29.73%

Recent News & Updates

Jul 30
Sabre Insurance Group (LON:SBRE) Is Reducing Its Dividend To UK£0.037

Sabre Insurance Group (LON:SBRE) Is Reducing Its Dividend To UK£0.037

Sabre Insurance Group plc's ( LON:SBRE ) dividend is being reduced to UK£0.037 on the 16th of September. This means the...

Shareholder Returns

SBREGB InsuranceGB Market
7D-6.2%-6.1%-3.0%
1Y-29.6%3.4%11.7%

Return vs Industry: SBRE underperformed the UK Insurance industry which returned 3.4% over the past year.

Return vs Market: SBRE underperformed the UK Market which returned 11.7% over the past year.

Price Volatility

Is SBRE's price volatile compared to industry and market?
SBRE volatility
SBRE Average Weekly Movement4.4%
Insurance Industry Average Movement3.5%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: SBRE is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SBRE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982160Geoff Carterhttps://www.sabreplc.co.uk

Sabre Insurance Group plc, through its subsidiaries, writes 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.

Sabre Insurance Group Fundamentals Summary

How do Sabre Insurance Group's earnings and revenue compare to its market cap?
SBRE fundamental statistics
Market CapUK£449.80m
Earnings (TTM)UK£35.30m
Revenue (TTM)UK£161.69m

12.7x

P/E Ratio

2.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SBRE income statement (TTM)
RevenueUK£161.69m
Cost of RevenueUK£95.84m
Gross ProfitUK£65.85m
ExpensesUK£30.55m
EarningsUK£35.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Mar 22, 2022

Earnings per share (EPS)0.14
Gross Margin40.72%
Net Profit Margin21.83%
Debt/Equity Ratio0%

How did SBRE perform over the long term?

See historical performance and comparison

Dividends

8.5%

Current Dividend Yield

74%

Payout Ratio

Valuation

Is Sabre Insurance Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SBRE (£1.81) is trading below our estimate of fair value (£4.19)

Significantly Below Fair Value: SBRE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SBRE is good value based on its PE Ratio (12.7x) compared to the UK Insurance industry average (13.4x).

PE vs Market: SBRE is good value based on its PE Ratio (12.7x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: SBRE is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: SBRE is overvalued based on its PB Ratio (1.8x) compared to the GB Insurance industry average (1.2x).


Future Growth

How is Sabre Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

11.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBRE's forecast earnings growth (11.6% per year) is above the savings rate (0.9%).

Earnings vs Market: SBRE's earnings (11.6% per year) are forecast to grow slower than the UK market (12.7% per year).

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

Revenue vs Market: SBRE's revenue (12.3% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: SBRE's revenue (12.3% 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 (17.2%).


Past Performance

How has Sabre Insurance Group performed over the past 5 years?

-0.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBRE has high quality earnings.

Growing Profit Margin: SBRE's current net profit margins (21.8%) are lower than last year (23.7%).


Past Earnings Growth Analysis

Earnings Trend: SBRE's earnings have declined by 0.3% 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 (-18.9%) over the past year, making it difficult to compare to the Insurance industry average (18.5%).


Return on Equity

High ROE: SBRE's Return on Equity (14%) is considered low.


Financial Health

How is Sabre Insurance Group's financial position?


Financial Position Analysis

Short Term Liabilities: SBRE's short term assets (£163.6M) do not cover its short term liabilities (£323.5M).

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


Dividend

What is Sabre Insurance Group current dividend yield, its reliability and sustainability?

8.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SBRE's dividend (8.53%) is higher than the bottom 25% of dividend payers in the UK market (1.37%).

High Dividend: SBRE's dividend (8.53%) is in the top 25% of dividend payers in the UK market (4.15%)


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's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.1%), 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 (84.3% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Geoff Carter (50 yo)

4.17yrs

Tenure

UK£1,109,000

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 ($USD1.48M) is above average for companies of similar size in the UK market ($USD780.73K).

Compensation vs Earnings: Geoff's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: SBRE's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: SBRE's board of directors are not considered experienced ( 2.6 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: SBRE 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 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£449.799m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/28 18:58
End of Day Share Price2021/11/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.