Société Tunisienne de Réassurance operates as a reinsurance company in Tunisia, Maghreb, Arab countries, Africa, Europe, Asia, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||د.ت6.90|
|52 Week High||د.ت6.70|
|52 Week Low||د.ت7.82|
|1 Month Change||-2.13%|
|3 Month Change||-2.82%|
|1 Year Change||-4.03%|
|3 Year Change||-7.63%|
|5 Year Change||-15.03%|
|Change since IPO||-42.50%|
Recent News & Updates
|TRE||TN Insurance||TN Market|
Return vs Industry: TRE underperformed the TN Insurance industry which returned -1.5% over the past year.
Return vs Market: TRE underperformed the TN Market which returned 0.1% over the past year.
Stable Share Price: TRE is not significantly more volatile than the rest of TN stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: TRE's weekly volatility (3%) has been stable over the past year.
About the Company
Société Tunisienne de Réassurance operates as a reinsurance company in Tunisia, Maghreb, Arab countries, Africa, Europe, Asia, and internationally. It underwrites fire, miscellaneous accident, engineering, decennial liability, marine hull and cargo, aviation, life, and energy insurance products. The company was founded in 1981 and is based in Tunis, Tunisia.
Société Tunisienne de Réassurance Fundamentals Summary
|TRE fundamental statistics|
Is TRE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TRE income statement (TTM)|
|Cost of Revenue||د.ت88.29m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.74|
|Net Profit Margin||12.75%|
How did TRE perform over the long term?See historical performance and comparison
3.6%Current Dividend Yield
Is Société Tunisienne de Réassurance undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate TRE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate TRE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: TRE is good value based on its PE Ratio (9.3x) compared to the TN Insurance industry average (15x).
PE vs Market: TRE is good value based on its PE Ratio (9.3x) compared to the TN market (11.9x).
Price to Earnings Growth Ratio
PEG Ratio: TRE is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: TRE is good value based on its PB Ratio (0.6x) compared to the TN Insurance industry average (0.8x).
How is Société Tunisienne de Réassurance forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRE's forecast earnings growth (3.2% per year) is below the savings rate (9.1%).
Earnings vs Market: TRE's earnings (3.2% per year) are forecast to grow slower than the TN market (12.7% per year).
High Growth Earnings: TRE's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRE's revenue (4.3% per year) is forecast to grow slower than the TN market (7.5% per year).
High Growth Revenue: TRE'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: TRE's Return on Equity is forecast to be low in 3 years time (7.2%).
How has Société Tunisienne de Réassurance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRE has high quality earnings.
Growing Profit Margin: TRE's current net profit margins (12.7%) are lower than last year (14.2%).
Past Earnings Growth Analysis
Earnings Trend: TRE's earnings have declined by 4.5% per year over the past 5 years.
Accelerating Growth: TRE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TRE had negative earnings growth (-7.4%) over the past year, making it difficult to compare to the Insurance industry average (18.2%).
Return on Equity
High ROE: TRE's Return on Equity (6.7%) is considered low.
How is Société Tunisienne de Réassurance's financial position?
Financial Position Analysis
Short Term Liabilities: TRE's short term assets (TND619.3M) do not cover its short term liabilities (TND660.8M).
Long Term Liabilities: TRE's short term assets (TND619.3M) exceed its long term liabilities (TND38.7M).
Debt to Equity History and Analysis
Debt Level: TRE is debt free.
Reducing Debt: TRE has not had any debt for past 5 years.
Debt Coverage: TRE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TRE has no debt, therefore coverage of interest payments is not a concern.
What is Société Tunisienne de Réassurance current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRE's dividend (3.55%) is higher than the bottom 25% of dividend payers in the TN market (2.89%).
High Dividend: TRE's dividend (3.55%) is low compared to the top 25% of dividend payers in the TN market (6.62%).
Stability and Growth of Payments
Stable Dividend: TRE's dividend payments have been volatile in the past 10 years.
Growing Dividend: TRE's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.1%), TRE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Lamia Mahmoud (55 yo)
Mrs. Lamia Ben Mahmoud has been the Director General of Société Tunisienne de Réassurance Tunis Re S.A. since April 03, 2020 and served as its Chairman since August 11, 2009 until April 03, 2020 and serves...
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Société Tunisienne de Réassurance's employee growth, exchange listings and data sources
- Name: Société Tunisienne de Réassurance
- Ticker: TRE
- Exchange: BVMT
- Founded: 1981
- Industry: Reinsurance
- Sector: Insurance
- Market Cap: د.ت137.691m
- Shares outstanding: 19.96m
- Website: https://www.tunisre.com.tn
Number of Employees
- Société Tunisienne de Réassurance
- Avenue du Japon N° 12
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 15:01|
|End of Day Share Price||2021/10/14 00:00|
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.