SPNT

SiriusPointNYSE:SPNT Stock Report

Market Cap

US$1.5b

7D

5.2%

1Y

21.7%

Updated

18 Sep, 2021

Data

Company Financials
SPNT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends0/6

SPNT Overview

SiriusPoint Ltd. provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide.

SiriusPoint Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SiriusPoint
Historical stock prices
Current Share PriceUS$9.32
52 Week HighUS$6.74
52 Week LowUS$11.50
Beta1.17
1 Month Change-3.62%
3 Month Change-5.76%
1 Year Change21.67%
3 Year Change-30.45%
5 Year Change-22.98%
Change since IPO-28.64%

Recent News & Updates

Jul 21

Bargain 8% Preferred Stock With Best Protection Against Rising Interest Rates: SiriusPoint

Preferred stock SPNT-B recently hit the market with a “qualified” current yield and yield-to-call that are just way above any other preferred stock with the same credit rating. If not called in 2026, SPNT-B’s dividend resets to an extremely high yield of 7.3% plus the 5-year Treasury Note yield providing extraordinary protection against higher interest rates. SPNT-B is mispriced with a current yield and floating rate that are far superior to any other BB+ rated preferred stocks in the market. The combination of low credit risk together with a reset rate that provides extraordinary protection against higher interest rates and inflation makes SPNT-B a core holding. We estimate the relative fair value price of SPNT-B to be $32.00 per share. Once underwriter selling is finished, we expect SPNT-B to move significantly higher in price.

Jun 01

Tracking Dan Loeb's Third Point Portfolio - Q1 2021 Update

Dan Loeb's 13F portfolio value increased from ~$13B to $14.83B this quarter. The number of positions increased from 73 to 125. Third Point added Paysafe, CoStar Group, and Uber Technologies while dropping Alibaba Group Holdings and Fidelity National Information Services. The top three positions are at ~23% of the portfolio: Upstart Holdings, PG&E Corp., and Walt Disney.

Shareholder Returns

SPNTUS InsuranceUS Market
7D5.2%-0.7%-0.6%
1Y21.7%35.9%33.8%

Return vs Industry: SPNT underperformed the US Insurance industry which returned 36.2% over the past year.

Return vs Market: SPNT underperformed the US Market which returned 33.6% over the past year.

Price Volatility

Is SPNT's price volatile compared to industry and market?
SPNT volatility
SPNT Beta1.17
Industry Beta0.97
Market Beta1

Stable Share Price: SPNT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SPNT's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201143Sid Sankaranhttps://www.siriuspt.com

SiriusPoint Ltd. provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners’ and commercial, workers’ compensation, personal and commercial automobile, mortgage, and multi-line reinsurance products; professional, transactional, and general liability reinsurance products; and cyber, marine, travel, and extended warranty reinsurance products. The company was formerly known as Third Point Reinsurance Ltd.

SiriusPoint Fundamentals Summary

How do SiriusPoint's earnings and revenue compare to its market cap?
SPNT fundamental statistics
Market CapUS$1.48b
Earnings (TTM)US$383.91m
Revenue (TTM)US$1.64b

3.9x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPNT income statement (TTM)
RevenueUS$1.64b
Cost of RevenueUS$1.01b
Gross ProfitUS$636.23m
ExpensesUS$252.32m
EarningsUS$383.91m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.33
Gross Margin38.71%
Net Profit Margin23.36%
Debt/Equity Ratio31.2%

How did SPNT perform over the long term?

See historical performance and comparison

Valuation

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

3.87x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: SPNT is good value based on its PE Ratio (3.9x) compared to the US Insurance industry average (9.5x).

PE vs Market: SPNT is good value based on its PE Ratio (3.9x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SPNT is good value based on its PB Ratio (0.6x) compared to the US Insurance industry average (1.1x).


Future Growth

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

0.5%

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 SiriusPoint 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 SiriusPoint performed over the past 5 years?

10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPNT has high quality earnings.

Growing Profit Margin: SPNT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SPNT has become profitable over the past 5 years, growing earnings by 10.8% per year.

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

Earnings vs Industry: SPNT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (76%).


Return on Equity

High ROE: SPNT's Return on Equity (15.1%) is considered low.


Financial Health

How is SiriusPoint's financial position?


Financial Position Analysis

Short Term Liabilities: SPNT's short term assets ($7.7B) exceed its short term liabilities ($2.0B).

Long Term Liabilities: SPNT's short term assets ($7.7B) exceed its long term liabilities ($5.5B).


Debt to Equity History and Analysis

Debt Level: SPNT's debt to equity ratio (31.2%) is considered satisfactory.

Reducing Debt: SPNT's debt to equity ratio has increased from 20.7% to 31.2% over the past 5 years.

Debt Coverage: SPNT's debt is not well covered by operating cash flow (6.6%).

Interest Coverage: SPNT's interest payments on its debt are well covered by EBIT (26.9x coverage).


Balance Sheet


Dividend

What is SiriusPoint current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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

0.6yrs

Average management tenure


CEO

Sid Sankaran (43 yo)

0.58

Tenure

US$305,685

Compensation

Mr. Siddhartha Sankaran, also known as Sid, serves as the Chairman of the Board at SiriusPoint Ltd. (formerly known as Third Point Reinsurance Ltd.). since August 6, 2020 and also serves as its Chief Execu...


Leadership Team

Experienced Management: SPNT's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: SPNT's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


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 substantially diluted in the past year, with total shares outstanding growing by 72%.


Top Shareholders

Company Information

SiriusPoint Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: SiriusPoint Ltd.
  • Ticker: SPNT
  • Exchange: NYSE
  • Founded: 2011
  • Industry: Reinsurance
  • Sector: Insurance
  • Market Cap: US$1.484b
  • Shares outstanding: 159.24m
  • Website: https://www.siriuspt.com

Number of Employees


Location

  • SiriusPoint Ltd.
  • Point House
  • 3 Waterloo Lane
  • Pembroke
  • HM 08
  • Bermuda

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 00:53
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.