NYSE:GTS

Stock Analysis Report

Executive Summary

Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare Advantage, and Medicaid markets.


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has Triple-S Management's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.8%

GTS

11.2%

US Healthcare

5.3%

US Market


1 Year Return

-36.6%

GTS

1.4%

US Healthcare

-10.7%

US Market

Return vs Industry: GTS underperformed the US Healthcare industry which returned 1.4% over the past year.

Return vs Market: GTS underperformed the US Market which returned -10.7% over the past year.


Shareholder returns

GTSIndustryMarket
7 Day-2.8%11.2%5.3%
30 Day-5.4%-7.5%-13.6%
90 Day-25.0%-15.0%-19.8%
1 Year-36.6%-36.6%2.8%1.4%-8.9%-10.7%
3 Year-16.2%-16.2%23.3%17.8%15.5%8.0%
5 Year-24.8%-24.8%27.5%18.8%35.2%20.4%

Price Volatility Vs. Market

How volatile is Triple-S Management's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Triple-S Management undervalued compared to its fair value and its price relative to the market?

3.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GTS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GTS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GTS is good value based on its PE Ratio (3.5x) compared to the Healthcare industry average (20.9x).

PE vs Market: GTS is good value based on its PE Ratio (3.5x) compared to the US market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: GTS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: GTS is good value based on its PB Ratio (0.4x) compared to the US Healthcare industry average (2.3x).


Next Steps

Future Growth

How is Triple-S Management forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-10.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GTS's earnings are forecast to decline over the next 3 years (-10.4% per year).

Earnings vs Market: GTS's earnings are forecast to decline over the next 3 years (-10.4% per year).

High Growth Earnings: GTS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GTS's revenue (6.9% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: GTS's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GTS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Triple-S Management performed over the past 5 years?

-17.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GTS has high quality earnings.

Growing Profit Margin: GTS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GTS's earnings have declined by -17.6% per year over the past 5 years.

Accelerating Growth: GTS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GTS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Healthcare industry (14%).


Return on Equity

High ROE: GTS's Return on Equity (9.8%) is considered low.


Next Steps

Financial Health

How is Triple-S Management's financial position?


Financial Position Analysis

Short Term Liabilities: GTS's short term assets ($688.0M) do not cover its short term liabilities ($1.4B).

Long Term Liabilities: GTS's short term assets ($688.0M) exceed its long term liabilities ($467.3M).


Debt to Equity History and Analysis

Debt Level: GTS's debt to equity ratio (8.4%) is considered satisfactory.

Reducing Debt: GTS's debt to equity ratio has reduced from 8.7% to 8.4% over the past 5 years.

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

Interest Coverage: GTS's interest payments on its debt are well covered by EBIT (18.2x coverage).


Balance Sheet

Inventory Level: GTS has a low level of unsold assets or inventory.

Debt Coverage by Assets: GTS's debt is covered by short term assets (assets are 8.6x debt).


Next Steps

Dividend

What is Triple-S Management's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate GTS'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 GTS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GTS'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 GTS'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?

4.2yrs

Average management tenure


CEO

Roberto García-Rodríguez (55yo)

4.17s

Tenure

US$4,193,701

Compensation

Mr. Roberto García-Rodríguez, Esq., has been the Chief Executive Officer and President of Triple-S Management Corporation since January 1, 2016. Mr. Garcia-Rodriguez served as the Chief Operating Officer o ...


CEO Compensation Analysis

Compensation vs Market: Roberto's total compensation ($USD4.19M) is above average for companies of similar size in the US market ($USD2.13M).

Compensation vs Earnings: Roberto's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Luis Clavell Rodríguez
Chairman of the Board11.83yrsUS$310.00k0.22% $741.1k
Roberto García-Rodríguez
President4.17yrsUS$4.19m1.44% $4.8m
Juan Román-Jiménez
Executive VP & CFO4.17yrsUS$2.14m0.46% $1.5m
Madeline Hernández-Urquiza
Chief Operating Officer & Executive Vice President2.58yrsUS$1.99m0.59% $2.0m
Jose Novoa-Loyola
Chief Medical Officer4.67yrsUS$1.10m0.22% $744.0k
Arturo Carrión-Crespo
President of Triple-S Vida Inc22.17yrsUS$1.09m0.41% $1.4m
Garrett Edson
Investor Relations Contactno datano datano data
Carlos Rodriguez Ramos
Chief Legal Counsel & Secretary4.17yrsno data0.090% $301.3k
Ivelisse Fernández-Cruz
Chief Marketing & Communications Officer1.83yrsno data0.031% $104.3k
Francisco Martorell-Basanta
Vice President of Corporate Development11.92yrsno datano data

4.2yrs

Average Tenure

55yo

Average Age

Experienced Management: GTS's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Luis Clavell Rodríguez
Chairman of the Board11.83yrsUS$310.00k0.22% $741.1k
Roberto García-Rodríguez
President4.17yrsUS$4.19m1.44% $4.8m
Jorge Fuentes-Benejam
Independent Director11.92yrsUS$190.00k0.092% $308.5k
Gail Marcus
Independent Director2.67yrsUS$191.00kno data
David Chafey
Independent Director6.92yrsUS$202.00k0.098% $327.5k
Manuel Figueroa-Collazo
Independent Director16.17yrsUS$197.00k0.12% $409.2k
Joseph Frick
Independent Director6.92yrsUS$207.75k0.053% $177.6k
Cari Dominguez
Vice Chairman & Lead Independent Directorno dataUS$208.58k0.089% $299.2k
Roberto María-Ros
Independent Director5.17yrsUS$207.85k0.022% $75.5k

6.9yrs

Average Tenure

66yo

Average Age

Experienced Board: GTS's board of directors are considered experienced (6.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GTS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Triple-S Management Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Triple-S Management Corporation
  • Ticker: GTS
  • Exchange: NYSE
  • Founded: 1959
  • Industry: Managed Health Care
  • Sector: Healthcare
  • Market Cap: US$335.606m
  • Shares outstanding: 23.80m
  • Website: https://management.grupotriples.com

Number of Employees


Location

  • Triple-S Management Corporation
  • 1441 F.D. Roosevelt Avenue
  • San Juan
  • Puerto Rico
  • 936
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GTSNYSE (New York Stock Exchange)YesClass B Common StockUSUSDDec 2007
4T3ADB (Deutsche Boerse AG)YesClass B Common StockDEEURDec 2007

Biography

Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare Advantage, and Medicaid markets. It operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance. The company offers various managed care products, including health maintenance organization plans; preferred provider organization plans; BlueCard program; Medicare Supplement products; Medicare Advantage products; Medicaid plans; and claims processing and other administrative services to employers, professional and trade associations, individuals, and government entities. It also provides various life, accident, disability, and health and annuity insurance products primarily to individuals; and property and casualty insurance products comprising commercial multi-peril package, personal package, commercial auto, hospital malpractice, commercial liability, and commercial property for small to medium size accounts. The company markets and distributes its products through a network of internal sales force, direct mail, independent brokers and agents, telemarketing staff, traditional media, and digital media, as well as e-commerce. It holds rights to the Blue Cross Blue Shield name and mark throughout Puerto Rico, the United States Virgin Islands, Costa Rica, the British Virgin Islands, and Anguilla. The company was founded in 1959 and is headquartered in San Juan, Puerto Rico. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 00:52
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.