Kenya Reinsurance Valuation

Is KNRE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KNRE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate KNRE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate KNRE's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KNRE?

Key metric: As KNRE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KNRE. This is calculated by dividing KNRE's market cap by their current earnings.
What is KNRE's PE Ratio?
PE Ratio	1.3x
Earnings	KSh4.86b
Market Cap	KSh6.22b

KNRE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does KNRE's PE Ratio compare to its peers?

The above table shows the PE ratio for KNRE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	4.1x
CIC CIC Insurance Group	3.8x	n/a	KSh5.7b
LBTY Liberty Kenya Holdings	5.8x	n/a	KSh3.8b
BRIT Britam Holdings	4.1x	n/a	KSh14.8b
JUB Jubilee Holdings	2.6x	n/a	KSh12.3b
KNRE Kenya Reinsurance	1.3x	n/a	KSh6.2b

Price-To-Earnings vs Peers: KNRE is good value based on its Price-To-Earnings Ratio (1.3x) compared to the peer average (4.1x).

Price to Earnings Ratio vs Industry

How does KNRE's PE Ratio compare vs other companies in the African Insurance Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	5.8x	7.9%
KNRE Kenya Reinsurance	1.3x	n/a	US$47.89m

3 Companies		Estimated Growth	Market Cap
Industry Avg.	5.8x	7.9%
KNRE Kenya Reinsurance	1.3x	n/a	US$47.89m

No more companies

Price-To-Earnings vs Industry: KNRE is good value based on its Price-To-Earnings Ratio (1.3x) compared to the African Insurance industry average (5.8x).

Price to Earnings Ratio vs Fair Ratio

What is KNRE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KNRE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	1.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KNRE's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.