Admiral Group plc

OTCPK:AMIG.F Stock Report

Market Cap: US$9.3b

Admiral Group Valuation

Is AMIG.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AMIG.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AMIG.F ($32) is trading below our estimate of fair value ($62.61)

Significantly Below Fair Value: AMIG.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AMIG.F?

Key metric: As AMIG.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AMIG.F. This is calculated by dividing AMIG.F's market cap by their current earnings.
What is AMIG.F's PE Ratio?
PE Ratio18.4x
EarningsUK£400.90m
Market CapUK£7.36b

Price to Earnings Ratio vs Peers

How does AMIG.F's PE Ratio compare to its peers?

The above table shows the PE ratio for AMIG.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.3x
KNSL Kinsale Capital Group
28.4x8.4%US$11.6b
RLI RLI
19.4x-10.9%US$8.2b
AFG American Financial Group
13.7x8.6%US$12.3b
AIZ Assurant
15.6x14.5%US$11.6b
AMIG.F Admiral Group
18.4x11.6%US$7.4b

Price-To-Earnings vs Peers: AMIG.F is good value based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (19.3x).

Price to Earnings Ratio vs Industry

How does AMIG.F's PE Ratio compare vs other companies in the US Insurance Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
UTGN UTG
2xn/aUS$89.08m
AORE.F American Overseas Group
2.1xn/aUS$16.68m
CUII China United Insurance Service
0.0003xn/aUS$3.13k
No more companies available in this PE range
AMIG.F 18.4xIndustry Avg. 13.7xNo. of Companies15PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AMIG.F is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the US Insurance industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is AMIG.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AMIG.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AMIG.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AMIG.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$32.00
US$37.37
+16.8%
15.5%US$44.48US$24.37n/a16
Nov ’25n/a
US$39.04
0%
14.8%US$46.17US$25.30n/a16
Oct ’25US$38.95
US$40.25
+3.3%
15.4%US$47.62US$26.09n/a16
Sep ’25US$38.50
US$39.22
+1.9%
15.3%US$46.47US$25.46n/a16
Aug ’25n/a
US$36.15
0%
15.3%US$43.32US$24.78n/a16
Jul ’25n/a
US$35.70
0%
15.7%US$42.97US$24.58n/a16
Jun ’25US$34.08
US$35.58
+4.4%
15.2%US$43.21US$24.72n/a16
May ’25US$33.77
US$34.46
+2.0%
15.4%US$42.27US$24.18n/a15
Apr ’25n/a
US$34.35
0%
14.4%US$40.57US$24.58n/a15
Mar ’25n/a
US$32.02
0%
16.7%US$38.87US$24.63n/a15
Feb ’25n/a
US$32.04
0%
17.2%US$39.04US$24.73n/a14
Jan ’25n/a
US$30.70
0%
20.3%US$38.95US$21.57n/a14
Dec ’24n/a
US$30.04
0%
21.0%US$39.02US$21.61n/a14
Nov ’24US$29.76
US$27.09
-9.0%
18.0%US$37.27US$20.64n/a14
Oct ’24n/a
US$26.35
0%
17.8%US$37.32US$20.67US$38.9515
Sep ’24n/a
US$27.48
0%
17.8%US$39.05US$20.99US$38.5015
Aug ’24n/a
US$27.86
0%
17.7%US$39.50US$21.23n/a15
Jul ’24US$25.65
US$27.91
+8.8%
17.5%US$39.02US$20.97n/a15
Jun ’24US$28.81
US$27.65
-4.0%
19.0%US$41.18US$20.59US$34.0815
May ’24n/a
US$27.62
0%
18.9%US$41.05US$20.53US$33.7715
Apr ’24n/a
US$27.14
0%
19.2%US$40.51US$20.26n/a16
Mar ’24n/a
US$27.42
0%
22.1%US$43.76US$20.44n/a16
Feb ’24n/a
US$28.73
0%
24.2%US$44.90US$20.97n/a16
Jan ’24US$25.59
US$28.09
+9.8%
24.9%US$44.45US$19.84n/a16
Dec ’23US$24.22
US$27.50
+13.6%
24.7%US$43.49US$19.41n/a16
Nov ’23US$22.52
US$26.43
+17.4%
25.3%US$42.13US$18.81US$29.7617

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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