NasdaqGS:AFSI

Stock Analysis Report

AmTrust Financial Services

Executive Summary

AmTrust Financial Services, Inc. provides property and casualty insurance in the United States and internationally.

Snowflake

Fundamentals

Mediocre balance sheet and slightly overvalued.

Risks

  • AmTrust Financial Services is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has AmTrust Financial Services's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.4%

AFSI

0.4%

US Insurance

-0.6%

US Market


1 Year Return

53.0%

AFSI

7.6%

US Insurance

0.7%

US Market

AFSI outperformed the Insurance industry which returned -5% over the past year.

AFSI outperformed the Market in United States of America which returned 6.4% over the past year.


Share holder returns

AFSIIndustryMarket
7 Day5.4%0.4%-0.6%
30 Day2.6%2.8%2.9%
90 Day1.4%1.4%1.3%
1 Year57.8%53.0%10.3%7.6%2.9%0.7%
3 Year-47.8%-52.4%46.6%35.3%44.6%35.2%
5 Year-16.9%-27.0%71.3%50.8%61.9%44.2%

Price Volatility Vs. Market

How volatile is AmTrust Financial Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is AmTrust Financial Services undervalued based on future cash flows and its price relative to the stock market?

15.1x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

AmTrust Financial Services's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

AmTrust Financial Services's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

AmTrust Financial Services is overvalued based on earnings compared to the US Insurance industry average.

AmTrust Financial Services is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for AmTrust Financial Services, we can't assess if its growth is good value.


Price Based on Value of Assets

AmTrust Financial Services is good value based on assets compared to the US Insurance industry average.


Next Steps

Future Growth

How is AmTrust Financial Services expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.5%

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 AmTrust Financial Services 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

Past Performance

How has AmTrust Financial Services performed over the past 5 years?

-21.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

AmTrust Financial Services's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

AmTrust Financial Services has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

AmTrust Financial Services has become profitable in the last year making it difficult to compare the US Insurance industry average.


Return on Equity

AmTrust Financial Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

AmTrust Financial Services used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if AmTrust Financial Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is AmTrust Financial Services's financial position?


Financial Position Analysis

AmTrust Financial Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

AmTrust Financial Services's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

AmTrust Financial Services's level of debt (49.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (62.1% vs 49.9% today).

Debt is not well covered by operating cash flow (3.4%, less than 20% of total debt).

AmTrust Financial Services earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 7.4x debt.


Next Steps

Dividend

What is AmTrust Financial Services's current dividend yield, its reliability and sustainability?

1.15%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate AmTrust Financial Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate AmTrust Financial Services's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as AmTrust Financial Services has not reported any payouts.

Unable to verify if AmTrust Financial Services's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as AmTrust Financial Services has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of AmTrust Financial Services's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Barry Zyskind (46yo)

18.8yrs

Tenure

US$1,980,104

Compensation

Mr. Barry Dov Zyskind has been Chief Executive Officer and President of AmTrust Financial Services, Inc. since 2000 and has been its Chairman of the Board since May 19, 2016. Mr. Zyskind has held senior ma ...


CEO Compensation Analysis

Barry's remuneration is lower than average for companies of similar size in United States of America.

Barry's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.0yrs

Average Tenure

48.5yo

Average Age

The tenure for the AmTrust Financial Services management team is about average.


Board Age and Tenure

5.5yrs

Average Tenure

70yo

Average Age

The tenure for the AmTrust Financial Services board of directors is about average.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Barry Zyskind (46yo)

    Chairman of the Board

    • Tenure: 18.8yrs
    • Compensation: US$1.98m
  • Mike Saxon (59yo)

    Executive Vice President of US Commercial Lines

    • Tenure: 2.5yrs
    • Compensation: US$1.41m
  • Ron Pipoly (51yo)

    Executive Vice President of Finance

    • Tenure: 1.4yrs
    • Compensation: US$2.21m
  • Chris Longo (44yo)

    Executive VP & COO

    • Tenure: 2.5yrs
    • Compensation: US$2.31m
  • Chaya Cooperberg

    Chief Communications Officer & SVP Corporate Affairs

    • Tenure: 0yrs
  • Max Caviet (65yo)

    Chief Executive Officer of AmTrust International Limited

    • Tenure: 0yrs
    • Compensation: US$1.51m
  • David Saks (51yo)

    Executive VP & Chief Legal Officer

    • Tenure: 9.5yrs
    • Compensation: US$2.91m
  • Ariel Gorelik (38yo)

    Senior VP & Chief Information Officer

    • Tenure: 1.3yrs
  • Adam Karkowsky (43yo)

    Executive VP & CFO

    • Tenure: 1.4yrs
    • Compensation: US$2.35m
  • Robert Schwarz

    Chief Accounting Officer and Senior Vice President

    • Tenure: 1.6yrs

Board Members

  • Donald DeCarlo (79yo)

    Director

    • Tenure: 12.8yrs
    • Compensation: US$375.60k
  • Raul Rivera (75yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$223.09k
  • Barry Zyskind (46yo)

    Chairman of the Board

    • Tenure: 18.8yrs
    • Compensation: US$1.98m
  • George Karfunkel (69yo)

    Director

    • Tenure: 20.8yrs
    • Compensation: US$285.05k
  • Abraham Gulkowitz (69yo)

    Director

    • Tenure: 12.8yrs
    • Compensation: US$291.60k
  • Susan Fisch (73yo)

    Director

    • Tenure: 8.5yrs
    • Compensation: US$350.60k
  • Leah Karfunkel (71yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: US$285.05k
  • Mark Serock (67yo)

    Director

    • Tenure: 0.7yrs

Company Information

AmTrust Financial Services, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AmTrust Financial Services, Inc.
  • Ticker: AFSI
  • Exchange: NasdaqGS
  • Founded: 1998
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$2.916b
  • Shares outstanding: 197.70m
  • Website: https://www.amtrustfinancial.com

Number of Employees


Location

  • AmTrust Financial Services, Inc.
  • 59 Maiden Lane
  • 43rd Floor
  • New York
  • New York
  • 10038
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AFSINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 2006
721DB (Deutsche Boerse AG)YesCommon StockDEEURNov 2006
0HFJLSE (London Stock Exchange)YesCommon StockGBUSDNov 2006
AFSI.PRANYSE (New York Stock Exchange)PFD SER AUSUSDJun 2013
AFSI.PRBNYSE (New York Stock Exchange)DEP 1/40 PFD BUSUSDJun 2014
AFSI.PRCNYSE (New York Stock Exchange)DEP 1/40 SR-CUSUSDSep 2014
AFSI.PRDNYSE (New York Stock Exchange)DEP SHS PFDUSUSDMar 2015
AFSSNYSE (New York Stock Exchange)7.25 SUB NT 55USUSDJun 2015
AFSI.PRENYSE (New York Stock Exchange)DSHS 1/40 PF EUSUSDMar 2016

Biography

AmTrust Financial Services, Inc. provides property and casualty insurance in the United States and internationally. The company operates in three segments: Small Commercial Business, Specialty Risk and Ext ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2018/11/29 21:32
End of Day Share Price2018/11/28 00:00
Earnings2018/09/30
Annual Earnings2017/12/31


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.