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GAINSCO

OTCPK:GANS
Snowflake Description

Solid track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GANS
OTCPK
$178M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

GAINSCO, Inc. operates as a property and casualty insurance holding company. The last earnings update was 104 days ago. More info.


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GANS Share Price and Events
7 Day Returns
-1.9%
OTCPK:GANS
-1.5%
US Insurance
-1%
US Market
1 Year Returns
62%
OTCPK:GANS
8.4%
US Insurance
-0.4%
US Market
GANS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GAINSCO (GANS) -1.9% -4.5% - 62% 177.9% 292.1%
US Insurance -1.5% -3.1% 2.3% 8.4% 33.9% 46.8%
US Market -1% -3.3% 0.8% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • GANS outperformed the Insurance industry which returned 8.4% over the past year.
  • GANS outperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
GANS
Industry
5yr Volatility vs Market

GANS Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of GAINSCO to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for GAINSCO.

OTCPK:GANS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $20.48 * 11.9%
$2.43
Book Value of Equity per Share Median Book Value from the past 5 years. $20.48
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:GANS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.662 (1 + (1- 21%) (37.43%))
0.904
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.904 * 5.96%)
8.12%

Discounted Cash Flow Calculation for OTCPK:GANS using Excess Returns Model Model

The calculations below outline how an intrinsic value for GAINSCO is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:GANS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.9% – 8.12%) * $20.48)
$0.76
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.76 / (8.12% - 2.73%)
$14.17
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $20.48 + $14.17
$34.65
OTCPK:GANS Discount to Share Price
Calculation Result
Value per share (USD) From above. $34.65
Current discount Discount to share price of $37.25
= -1 x ($37.25 - $34.65) / $34.65
-7.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of GAINSCO is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GAINSCO's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GAINSCO's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:GANS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $4.05
OTCPK:GANS Share Price ** OTCPK (2019-08-15) in USD $37.25
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 15.72x
United States of America Market PE Ratio Median Figure of 3,096 Publicly-Listed Companies 17.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GAINSCO.

OTCPK:GANS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:GANS Share Price ÷ EPS (both in USD)

= 37.25 ÷ 4.05

9.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GAINSCO is good value based on earnings compared to the US Insurance industry average.
  • GAINSCO is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does GAINSCO's expected growth come at a high price?
Raw Data
OTCPK:GANS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-6.5%per year
United States of America Insurance Industry PEG Ratio Median Figure of 63 Publicly-Listed Insurance Companies 0.86x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for GAINSCO, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GAINSCO's assets?
Raw Data
OTCPK:GANS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $21.47
OTCPK:GANS Share Price * OTCPK (2019-08-15) in USD $37.25
United States of America Insurance Industry PB Ratio Median Figure of 120 Publicly-Listed Insurance Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,273 Publicly-Listed Companies 1.7x
OTCPK:GANS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:GANS Share Price ÷ Book Value per Share (both in USD)

= 37.25 ÷ 21.47

1.73x

* Primary Listing of GAINSCO.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GAINSCO is overvalued based on assets compared to the US Insurance industry average.
X
Value checks
We assess GAINSCO's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. GAINSCO has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GANS Future Performance

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

  • No analysts cover GAINSCO, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-6.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GAINSCO expected to grow at an attractive rate?
  • GAINSCO's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • GAINSCO's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare GAINSCO's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:GANS Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:GANS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -6.5%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:GANS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:GANS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 394 51 20
2017-12-31 334 43 12
2016-12-31 302 16 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GAINSCO's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if GAINSCO is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:GANS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from GAINSCO Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:GANS Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 4.05
2017-12-31 2.34
2016-12-31 2.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if GAINSCO will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess GAINSCO's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GAINSCO has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GANS Past Performance

  How has GAINSCO performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GAINSCO's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GAINSCO's year on year earnings growth rate has been positive over the past 5 years.
  • GAINSCO's 1-year earnings growth exceeds its 5-year average (72.8% vs 6.4%)
  • GAINSCO's earnings growth has exceeded the US Insurance industry average in the past year (72.8% vs 4.3%).
Earnings and Revenue History
GAINSCO's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GAINSCO Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:GANS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 393.54 20.21 4.53
2017-12-31 334.26 11.69 3.04
2016-12-31 302.28 11.99 0.64
2015-12-31 275.18 6.14 1.71
2014-12-31 254.06 21.58 0.69
2013-12-31 212.67 9.43
2012-12-31 204.42 -0.39 1.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • GAINSCO has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • GAINSCO used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.
  • GAINSCO has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess GAINSCO's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GAINSCO has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GANS Health

 How is GAINSCO's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GAINSCO's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GAINSCO's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • GAINSCO's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GAINSCO's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GAINSCO Company Filings, last reported 7 months ago.

OTCPK:GANS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 102.74 66.72 27.21
2017-12-31 107.40 62.21 47.34
2016-12-31 97.07 57.68 41.75
2015-12-31 95.74 66.80 41.04
2014-12-31 94.98 62.16 26.38
2013-12-31 71.54 64.81 27.55
2012-12-31 63.45 57.10 41.08
  • GAINSCO's level of debt (64.9%) 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 (90.5% vs 64.9% today).
  • Debt is well covered by operating cash flow (75.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.3x coverage).
X
Financial health checks
We assess GAINSCO's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GAINSCO has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GANS Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.37%
Current annual income from GAINSCO dividends.
If you bought $2,000 of GAINSCO shares you are expected to receive $107 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • GAINSCO's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • GAINSCO's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:GANS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 79 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2010 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:GANS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-28 2.000 5.332
2018-06-19 2.000 7.995
2018-05-07 1.500 6.877
2017-08-08 1.500 7.865
2012-12-07 1.000 12.086
2011-12-12 2.000 23.181

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GAINSCO has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • GAINSCO has only been paying a dividend for 8 years, and since then there has been no growth.
Current Payout to shareholders
What portion of GAINSCO's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GAINSCO 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.
X
Income/ dividend checks
We assess GAINSCO's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GAINSCO afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GAINSCO has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GANS Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Glenn Anderson
COMPENSATION $633,717
AGE 66
TENURE AS CEO 21.3 years
CEO Bio

Mr. Glenn W. Anderson has been the President and Chief Executive Officer at Gainsco Inc., since April 17, 1998. Prior to joining Gainsco Inc., Mr. Anderson served as an Executive Vice President of USF&G Corporation and President of the Commercial Insurance Group of United States Fidelity & Guaranty Company, positions which he held since 1996. From 1995 to 1996, he served as Executive Vice President, Commercial Lines of that company. Mr. Anderson served from 1993 to 1995 as Senior Vice President, Commercial Lines Middle Market, for USF&G Corporation. Mr. Anderson has been engaged in the property and casualty business since 1975. Mr. Anderson served as Vice President of Strategic Target Marketing with Fireman's Fund Insurance Company, a domestic insurance company and joined USF&G Corp. in December 1992. Mr. Anderson has been a Director of Gainsco Inc. since April 1998.

CEO Compensation
  • Insufficient data for Glenn to compare compensation growth.
  • Insufficient data for Glenn to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the GAINSCO management team in years:

18
Average Tenure
66.5
Average Age
  • The average tenure for the GAINSCO management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bob Stallings

TITLE
Executive Chairman of the Board
COMPENSATION
$641K
AGE
69
TENURE
14.6 yrs

Glenn Anderson

TITLE
President & CEO
COMPENSATION
$634K
AGE
66
TENURE
21.3 yrs

Daniel Coots

TITLE
Senior VP
COMPENSATION
$245K
AGE
67
TENURE
32.6 yrs

Terence Lynch

TITLE
Chief Investment Officer and Senior Vice President
AGE
65
TENURE
14.4 yrs

Philip West

TITLE
Chief Information Officer & Senior VP

Scott Marek

TITLE
Assistant VP

Drew Nachowiak

TITLE
General Counsel & Secretary

Brian Dosser

TITLE
Chief Compliance Officer

Andy Jordan

TITLE
Senior Vice President of Corporate Marketing & Business Development

Tara Knight

TITLE
Head of Human Resources
Board of Directors Tenure

Average tenure and age of the GAINSCO board of directors in years:

14.6
Average Tenure
63
Average Age
  • The average tenure for the GAINSCO board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Bob Stallings

TITLE
Executive Chairman of the Board
COMPENSATION
$641K
AGE
69
TENURE
14.6 yrs

Glenn Anderson

TITLE
President & CEO
COMPENSATION
$634K
AGE
66
TENURE
21.3 yrs

James Reis

TITLE
Executive Vice Chairman
COMPENSATION
$373K
AGE
61
TENURE
11.8 yrs

John Goff

TITLE
Director
COMPENSATION
$28K
AGE
63
TENURE
22.3 yrs

Bob Boulware

TITLE
Director
COMPENSATION
$33K
AGE
62
TENURE
14.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess GAINSCO's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GAINSCO has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GANS News

Simply Wall St News

GANS Company Info

Description

GAINSCO, Inc. operates as a property and casualty insurance holding company. The company offers non-standard personal auto products, including coverage for third party liability, bodily injury, and physical damage, as well as collision and coverage for theft, physical damage, and other perils for an insured’s vehicle. It is also involved in automotive sales and service, auto racing, and investment activities. The company offers its automobile insurance products under the GAINSCO Auto Insurance brand through independent partner agents and Website comparison shopping places in Arizona, New Mexico, Oklahoma, Texas, Utah, Florida, Georgia, South Carolina, Tennessee, and Virginia. GAINSCO, Inc. was founded in 1978 and is based in Dallas, Texas.

Details
Name: GAINSCO, Inc.
GANS
Exchange: OTCPK
Founded: 1978
$178,247,061
4,785,156
Website: http://www.gainsco.com
Address: GAINSCO, Inc.
3333 Lee Parkway,
Suite 1200,
Dallas,
Texas, 75219,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK GANS Common Stock Pink Sheets LLC US USD 06. Nov 1986
Number of employees
Current staff
Staff numbers
0
GAINSCO employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 23:41
End of day share price update: 2019/08/15 00:00
Last earnings filing: 2019/05/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.