Guardian Holdings (TTSE:GHL) - Share price, News & Analysis

GHL fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	2/6
Financial Health	4/6
Dividends	2/6

GHL Stock Overview

Guardian Holdings Limited, together with its subsidiaries, underwrites various insurance products in Trinidad and Tobago, and other Caribbean countries; Jamaica; Dutch Caribbean; and Non-Caribbean.

Rewards

PE ratio (8x) is below the TT market (16.3x)

Earnings grew by 1% over the past year

Risk Analysis

High level of non-cash earnings

Guardian Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Guardian Holdings
Historical stock prices
Current Share Price	TT$27.00
52 Week High	TT$36.00
52 Week Low	TT$26.00
Beta	0.47
1 Month Change	0%
3 Month Change	-10.00%
1 Year Change	-11.77%
3 Year Change	45.95%
5 Year Change	68.75%
Change since IPO	232.51%

Shareholder Returns

	GHL	TT Insurance	TT Market
7D	-3.6%	0.8%	0.3%
1Y	-11.8%	-12.3%	11.0%

Return vs Industry: GHL matched the TT Insurance industry which returned -12.3% over the past year.

Return vs Market: GHL underperformed the TT Market which returned 11% over the past year.

Price Volatility

Is GHL's price volatile compared to industry and market?
GHL volatility
GHL Average Weekly Movement	3.6%
Insurance Industry Average Movement	4.9%
Market Average Movement	3.6%
10% most volatile stocks in TT Market	5.9%
10% least volatile stocks in TT Market	1.9%

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

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

About the Company

Founded	Employees	CEO	Website
1982	n/a	Ravi Tewari	https://trinidad.myguardiangroup.com/companies/guardian-holdings-limited

Guardian Holdings Limited, together with its subsidiaries, underwrites various insurance products in Trinidad and Tobago, and other Caribbean countries; Jamaica; Dutch Caribbean; and Non-Caribbean. The company offers life, health, property, motor, bonding and crime, marine, personal accident, and casualty insurance products, as well as pensions and asset management services. It also provides insurance brokerage and property development services.

Guardian Holdings Fundamentals Summary

How do Guardian Holdings's earnings and revenue compare to its market cap?
GHL fundamental statistics
Market Cap	TT$6.26b
Earnings (TTM)	TT$782.33m
Revenue (TTM)	TT$6.62b

8.0x

P/E Ratio

0.9x

P/S Ratio

Is GHL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GHL income statement (TTM)
Revenue	TT$6.62b
Cost of Revenue	TT$4.09b
Gross Profit	TT$2.53b
Other Expenses	TT$1.75b
Earnings	TT$782.33m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	3.37
Gross Margin	38.21%
Net Profit Margin	11.81%
Debt/Equity Ratio	70.7%

How did GHL perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

21%

Payout Ratio

Valuation

Is Guardian Holdings undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

8.01x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: GHL (TTD27) is trading above our estimate of fair value (TTD25.68)

Significantly Below Fair Value: GHL is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: GHL is good value based on its PE Ratio (8x) compared to the South American Insurance industry average (12.4x).

PE vs Market: GHL is good value based on its PE Ratio (8x) compared to the TT market (16.3x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GHL's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: GHL is good value based on its PB Ratio (1.3x) compared to the XS Insurance industry average (1.5x).

Future Growth

How is Guardian Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

14.5%

Forecasted Insurance industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Guardian Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Guardian Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

16.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GHL has a high level of non-cash earnings.

Growing Profit Margin: GHL's current net profit margins (11.8%) are lower than last year (13.1%).

Past Earnings Growth Analysis

Earnings Trend: GHL's earnings have grown by 16.8% per year over the past 5 years.

Accelerating Growth: GHL's earnings growth over the past year (1%) is below its 5-year average (16.8% per year).

Earnings vs Industry: GHL earnings growth over the past year (1%) exceeded the Insurance industry -3.7%.

Return on Equity

High ROE: GHL's Return on Equity (15.8%) is considered low.

Financial Health

How is Guardian Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: GHL's short term assets (TTD6.2B) exceed its short term liabilities (TTD5.9B).

Long Term Liabilities: GHL's short term assets (TTD6.2B) do not cover its long term liabilities (TTD23.7B).

Debt to Equity History and Analysis

Debt Level: GHL has more cash than its total debt.

Reducing Debt: GHL's debt to equity ratio has reduced from 70.8% to 70.7% over the past 5 years.

Debt Coverage: GHL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: GHL's interest payments on its debt are well covered by EBIT (5.2x coverage).

Balance Sheet

Dividend

What is Guardian Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.59%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GHL's dividend (2.59%) isn’t notable compared to the bottom 25% of dividend payers in the TT market (2.61%).

High Dividend: GHL's dividend (2.59%) is low compared to the top 25% of dividend payers in the TT market (4.43%).

Stability and Growth of Payments

Stable Dividend: GHL's dividend payments have been volatile in the past 10 years.

Growing Dividend: GHL's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (20.8%), GHL's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: GHL is paying a dividend but the company has no free cash flows.

Next Steps

Explore strong dividend paying companies in the Insurance industry.

Management

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

3.5yrs

Average management tenure

CEO

Ravi Tewari

8.33yrs

Tenure

Mr. Ravi Tewari has been Group Chief Executive Officer of Guardian Holdings Limited since January 1, 2014 and served as its Group President of Life, Health & Pension until March 21, 2017. Mr. Tewari has be...

Leadership Team

Experienced Management: GHL's management team is considered experienced (3.5 years average tenure).

Board Members

Experienced Board: GHL's board of directors are considered experienced (5.2 years average tenure).

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/15 00:00
End of Day Share Price	2022/05/13 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31