NasdaqGS:ESGR

Stock Analysis Report

Executive Summary

Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off.


Snowflake Analysis

Good value with acceptable track record.


Similar Companies

Share Price & News

How has Enstar Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

17.7%

ESGR

14.6%

US Insurance

9.9%

US Market


1 Year Return

-16.4%

ESGR

-19.5%

US Insurance

-11.9%

US Market

Return vs Industry: ESGR exceeded the US Insurance industry which returned -19.4% over the past year.

Return vs Market: ESGR underperformed the US Market which returned -11.5% over the past year.


Shareholder returns

ESGRIndustryMarket
7 Day17.7%14.6%9.9%
30 Day-18.5%-21.4%-15.0%
90 Day-30.0%-28.7%-21.5%
1 Year-16.4%-16.4%-17.6%-19.5%-10.0%-11.9%
3 Year-24.0%-24.0%-6.9%-14.2%12.3%5.1%
5 Year1.8%1.8%17.9%3.5%32.5%18.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Enstar Group undervalued compared to its fair value and its price relative to the market?

8.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ESGR ($145.43) is trading below our estimate of fair value ($159.17)

Significantly Below Fair Value: ESGR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ESGR is good value based on its PE Ratio (3.5x) compared to the Insurance industry average (9x).

PE vs Market: ESGR is good value based on its PE Ratio (3.5x) compared to the US market (13x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ESGR is good value based on its PB Ratio (0.7x) compared to the US Insurance industry average (0.8x).


Next Steps

Future Growth

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

2.3%

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 Enstar Group 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 Enstar Group performed over the past 5 years?

15.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ESGR has high quality earnings.

Growing Profit Margin: ESGR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ESGR's earnings have grown by 15.6% per year over the past 5 years.

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

Earnings vs Industry: ESGR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (43.7%).


Return on Equity

High ROE: ESGR's Return on Equity (17.5%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

Debt Coverage by Assets: ESGR's debt is covered by short term assets (assets are 9.2x debt).


Financial Institutions Analysis

Asset Level: ESGR's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if ESGR has a sufficient allowance for bad loans.

Low Risk Liabilities: ESGR reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if ESGR has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ESGR has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if ESGR has an appropriate level of bad loans.


Next Steps

Dividend

What is Enstar Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if ESGR'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 ESGR'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

Dominic Silvester (58yo)

19.17s

Tenure

US$3,444,588

Compensation

Mr. Dominic F. Silvester has served as director and the Chief Executive Officer of Enstar Group Ltd. since its formation in 2001. Mr. Silvester Co-Founded Enstar Group Ltd. in 2001. He began a business ve ...


CEO Compensation Analysis

Compensation vs Market: Dominic's total compensation ($USD3.44M) is below average for companies of similar size in the US market ($USD5.51M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Dominic Silvester
Co-Founder19.17yrsUS$3.44m2.69% $84.4m
Paul O'Shea
Co-Founder19.17yrsUS$2.04m1.08% $33.7m
Guy Thomas Bowker
Chief Financial Officer2.17yrsUS$1.79m0.018% $576.9k
Orla Gregory
Chief Operating Officer3.25yrsUS$1.82m0.19% $6.0m
Paul Michael Brockman
CEO & President of Enstar (US)4.17yrsUS$1.10m0.015% $470.7k
Nazar Alobaidat
Chief Investment Officer4.17yrsno data0.0067% $208.8k
Audrey Taranto
General Counsel & Corporate Secretaryno datano datano data
David Foley
Group Chief Actuary4.17yrsno datano data
Nicholas Packer
Co-Founder & CEO of Kaylare Ltd3.25yrsUS$2.82mno data
David Atkins
Group Head of Claims & CEO of Enstar (EU) Limited4.17yrsno data0.0074% $231.0k

4.2yrs

Average Tenure

45yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Dominic Silvester
Co-Founder19.17yrsUS$3.44m2.69% $84.4m
Paul O'Shea
Co-Founder19.17yrsUS$2.04m1.08% $33.7m
Bernard Becker
Independent Director5yrsUS$208.00kno data
Nimrod Frazer
Chairman Emeritus12.58yrsUS$757.93kno data
Hans-Peter Gerhardt
Independent Director4.5yrsUS$167.50k0.037% $1.1m
Robert Campbell
Independent Chairman of the Board8.33yrsUS$361.50k0.64% $20.0m
Poul Winslow
Independent Director4.5yrsUS$106.00kno data
Hiteshkumar Patel
Independent Director4.83yrsUS$194.25k0.00029% $9.1k
Jie Liu
Director3yrsUS$170.00k0.0057% $177.5k
Sandra Boss
Independent Director4.33yrsUS$193.75k0.0085% $267.3k

4.9yrs

Average Tenure

59.5yo

Average Age

Experienced Board: ESGR's board of directors are considered experienced (5 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.8%.


Top Shareholders

Company Information

Enstar Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Enstar Group Limited
  • Ticker: ESGR
  • Exchange: NasdaqGS
  • Founded: 2001
  • Industry: Reinsurance
  • Sector: Insurance
  • Market Cap: US$3.130b
  • Shares outstanding: 21.52m
  • Website: https://www.enstargroup.com

Number of Employees


Location

  • Enstar Group Limited
  • Windsor Place
  • 3rd Floor
  • Hamilton
  • HM JX
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ESGRNasdaqGS (Nasdaq Global Select)YesOrdinary SharesUSUSDFeb 2007
48RDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2007
ESGR.PNasdaqGS (Nasdaq Global Select)DEP SHS PFD DUSUSDJun 2018
ESGR.ONasdaqGS (Nasdaq Global Select)7% DP RP PFD EUSUSDNov 2018

Biography

Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It operates in three segments: Non-Life Run-Off, Atrium, and StarStone. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses. It also provides consulting services, including claims inspection, claims validation, reinsurance asset collection, and IT consulting services to the insurance and reinsurance industry. The Atrium segment is involved in underwriting various classes, including marine, aviation, transit, property and casualty binding authorities, reinsurance, accident and health, and non marine direct and facultative. The StarStone segment offers a range of property, casualty, and specialty insurance products to multi-national, and small and middle-market clients. It operates in Bermuda, the United States, the United Kingdom, Continental Europe, Australia, and internationally. The company was formerly known as Castlewood Holdings Limited and changed its name to Enstar Group Limited in January 2007. Enstar Group Limited was founded in 2001 and is based in Hamilton, Bermuda. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 00:37
End of Day Share Price2020/03/27 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.