Renaissance Insurance Group JSC Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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 RENI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RENI (RUB47.25) is trading below our estimate of fair value (RUB81.29)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for RENI. This is calculated by dividing RENI's market cap by their current earnings.
What is RENI's PE Ratio?
PE Ratio	8.3x
Earnings	₽3.17b
Market Cap	₽26.32b

RENI 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	0.2x
Enterprise Value/EBITDA	6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RENI 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	14.5x
RGSS Rosgosstrakh Insurance Company	25.1x	n/a	₽61.5b
A085620 MIRAE ASSET Life Insurance	19.8x	n/a	₩691.5b
KCLI Kansas City Life Insurance	6.2x	n/a	US$351.0m
PREVISION Seguros Vida Security Previsión	6.7x	n/a	CL$268.2b
RENI Renaissance Insurance Group JSC	8.3x	n/a	₽26.3b

Price-To-Earnings vs Peers: RENI is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (18x).

Price to Earnings Ratio vs Industry

How does RENI's PE Ratio compare vs other companies in the European Insurance Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: RENI is good value based on its Price-To-Earnings Ratio (8.3x) compared to the European Insurance industry average (10.9x).

Price to Earnings Ratio vs Fair Ratio

What is RENI'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.

RENI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RENI'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.