OTCPK:TGIC

Stock Analysis Report

Executive Summary

Triad Guaranty Inc., through its subsidiary, Triad Guaranty Insurance Corporation, operates mortgage guaranty insurance business in run-off under two corrective orders issued by the Illinois Department of Insurance.

Risk Analysis

Latest financial reports are more than a year old

Does not have a meaningful market cap ($2M)

Highly volatile share price over past 3 months



Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Triad Guaranty's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TGIC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-12.7%

TGIC

-2.1%

US Mortgage

0.9%

US Market


1 Year Return

-56.6%

TGIC

6.8%

US Mortgage

20.0%

US Market

Return vs Industry: TGIC underperformed the US Mortgage industry which returned 7.3% over the past year.

Return vs Market: TGIC underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

TGICIndustryMarket
7 Day-12.7%-2.1%0.9%
30 Day-7.1%-1.6%1.4%
90 Day-18.7%-1.9%8.8%
1 Year-56.6%-56.6%9.3%6.8%22.5%20.0%
3 Year491.4%491.4%19.3%10.9%49.9%40.3%
5 Year333.7%333.7%60.9%43.1%73.2%54.1%

Price Volatility Vs. Market

How volatile is Triad Guaranty's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Triad Guaranty undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Triad Guaranty is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Triad Guaranty has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of TGIC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Triad Guaranty regulatory filings here.
  • Explore potentially undervalued companies in the Banks industry.

Future Growth

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

6.4%

Forecasted Banks 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 Triad Guaranty 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.


Next Steps

  • Take a look at our analysis of TGIC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Triad Guaranty's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has Triad Guaranty performed over the past 5 years?

15.9%

Historical Banks annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Triad Guaranty has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

  • When a company lacks a financial track record, its management’s track record becomes important. Corporate governance also plays an important role in a young business as board members are seen as highly-experienced leaders to help steer the company into the future. Take a look at Triad Guaranty's' management and board experience and expertise to assess their ability to deliver on their strategic promises.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Triad Guaranty's filings and announcements here.
  • Explore strong past performing companies in the Banks industry.

Financial Health

How is Triad Guaranty's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse Triad Guaranty's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Triad Guaranty has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of TGIC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Triad Guaranty's financial data was last updated here.
  • Explore more healthy companies in the Banks industry.

Dividend

What is Triad Guaranty's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TGIC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TGIC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TGIC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TGIC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TGIC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

11.2yrs

Average management tenure


CEO

William Ratliff (65yo)

7.1yrs

Tenure

US$159,050

Compensation

Mr. William T. Ratliff, III, also known as Will, has been the Chief Executive Officer and President of Triad Guaranty Inc. since January 2013 and also serves as its Chairman of the Board. Mr. Ratliff serve ...


Leadership Team

NamePositionTenureCompensationOwnership
William Ratliff
Chairman7.1yrsUS$159.05kno data
Darryl Thompson
Founder and Director Emeritus14.4yrsUS$284.00kno data
Bob Ogburn
VP & Treasurer11.2yrsno datano data
Kenneth Dwyer
Chief Accounting Officer of TGIC and Senior Vice President of TGIC 17.1yrsno datano data

11.2yrs

Average Tenure

68yo

Average Age

Experienced Management: TGIC's management team is seasoned and experienced (11.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
William Ratliff
Chairman7.1yrsUS$159.05kno data
Darryl Thompson
Founder and Director Emeritus14.4yrsUS$284.00kno data
David Whitehurst
Independent Director26.8yrsUS$91.05kno data

26.8yrs

Average Tenure

68yo

Average Age

Experienced Board: TGIC's board of directors are seasoned and experienced ( 26.8 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: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Triad Guaranty Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Triad Guaranty Inc.
  • Ticker: TGIC
  • Exchange: OTCPK
  • Founded: 1987
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$2.292m
  • Shares outstanding: 17.62m
  • Website: https://www.tgic.com

Location

  • Triad Guaranty Inc.
  • P.O. Box 100503
  • Birmingham
  • Alabama
  • 35210
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TGICOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 1993

Biography

Triad Guaranty Inc., through its subsidiary, Triad Guaranty Insurance Corporation, operates mortgage guaranty insurance business in run-off under two corrective orders issued by the Illinois Department of Insurance. The company was founded in 1987 and is based in Birmingham, Alabama. On June 3, 2013, Triad Guaranty Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 23:48
End of Day Share Price2020/02/13 00:00
Earnings2012/09/30
Annual Earnings2011/12/31


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.