company background image
TRE

Société Tunisienne de RéassuranceBVMT:TRE Stock Report

Market Cap

د.ت137.7m

7D

0%

1Y

-4.0%

Updated

17 Oct, 2021

Data

Company Financials +
TRE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends2/6

TRE Overview

Société Tunisienne de Réassurance operates as a reinsurance company in Tunisia, Maghreb, Arab countries, Africa, Europe, Asia, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Société Tunisienne de Réassurance
Historical stock prices
Current Share Priceد.ت6.90
52 Week Highد.ت6.70
52 Week Lowد.ت7.82
Beta0.070
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

Shareholder Returns

TRETN InsuranceTN Market
7D0%-0.3%-0.5%
1Y-4.0%-1.5%0.07%

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.

Price Volatility

Is TRE's price volatile compared to industry and market?
TRE volatility
TRE Beta0.070
Industry Beta0.81
Market Beta1

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

FoundedEmployeesCEOWebsite
198195Lamia Mahmoudhttps://www.tunisre.com.tn

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

How do Société Tunisienne de Réassurance's earnings and revenue compare to its market cap?
TRE fundamental statistics
Market Capد.ت137.69m
Earnings (TTM)د.ت14.75m
Revenue (TTM)د.ت115.73m

9.3x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRE income statement (TTM)
Revenueد.ت115.73m
Cost of Revenueد.ت88.29m
Gross Profitد.ت27.44m
Expensesد.ت12.69m
Earningsد.ت14.75m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.74
Gross Margin23.71%
Net Profit Margin12.75%
Debt/Equity Ratio0.0%

How did TRE perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

33%

Payout Ratio

Valuation

Is Société Tunisienne de Réassurance undervalued compared to its fair value and its price relative to the market?

9.33x

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).


Future Growth

How is Société Tunisienne de Réassurance forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

3.2%

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%).


Past Performance

How has Société Tunisienne de Réassurance performed over the past 5 years?

-4.5%

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.


Financial Health

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.


Balance Sheet


Dividend

What is Société Tunisienne de Réassurance current dividend yield, its reliability and sustainability?

3.55%

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.


Next Steps

Management

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


CEO

Lamia Mahmoud (55 yo)

no data

Tenure

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...


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Société Tunisienne de Réassurance's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Société Tunisienne de Réassurance
  • Avenue du Japon N° 12
  • Montplaisir
  • Tunis
  • 1073
  • Tunisia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 15:01
End of Day Share Price2021/10/14 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.