GLRE Stock Fair Value Calculator – GREENLIGHT CAPITAL RE Reports Third Quarter Earnings for Fiscal Year 2023
November 24, 2023
🌥️Earnings Overview
On November 8, 2023, GREENLIGHT CAPITAL RE ($NASDAQ:GLRE) reported its third quarter fiscal year 2023 earnings results with a total revenue of USD 168.8 million, a 42.8% year-over-year growth. Net income also saw an increase of 173.0%, reaching USD 13.5 million compared to the prior year.
Price History
The stock opened at $11.1 and closed at $10.9, reflecting a 2.5% drop from its previous closing price of $11.1. Despite the decrease, investors remain cautiously optimistic about the company’s performance. This is in part credited to its ability to remain resilient in a challenging economic environment. According to analysts, the company is well positioned for future growth despite some temporary setbacks due to unpredictable market conditions.
It has also taken steps to diversify its investments and expand its scope of operations in order to reduce its dependence on the volatile stock market. Overall, GREENLIGHT CAPITAL RE’s third quarter earnings have been met with optimism, with investors expecting the company to continue its upward trajectory in the months ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for GLRE. More…
| Total Revenues | Net Income | Net Margin |
| 598.95 | 103.97 | 17.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GLRE. More…
| Operations | Investing | Financing |
| -19 | 20.23 | -18.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for GLRE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.74k | 1.16k | 16.3 |
Key Ratios Snapshot
Some of the financial key ratios for GLRE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.7% | – | 18.2% |
| FCF Margin | ROE | ROA |
| -3.2% | 12.0% | 3.9% |
Analysis – GLRE Stock Fair Value Calculator
At GoodWhale, analyzing and evaluating the fundamentals of a business is a central part of our mission. After an extensive analysis of GREENLIGHT CAPITAL RE, we have generated a report which shows that the intrinsic value of GREENLIGHT CAPITAL RE share is around $9.5. This figure has been calculated using our proprietary Valuation Line. Currently, GREENLIGHT CAPITAL RE stock is trading at $10.9, which represents a fair price but is slightly overvalued by 15.3%. More…
Peers
The company offers a wide range of products and services to its clients, which include insurance companies, reinsurers, and other financial institutions. Greenlight Capital Re Ltd. has a strong presence in the global reinsurance market and is one of the largest providers of reinsurance in the world. The company has a strong competitive advantage over its competitors due to its diversified product portfolio, strong financial position, and experienced management team.
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MetLife, Inc. is an American multinational life insurance corporation, which offers life insurance, annuities, long-term care insurance, disability income insurance, and other financial services products. As of 2020, it was the largest life insurer in the United States based on assets and 13th largest in the world based on revenue.
The company has a market cap of 58.34B as of 2022 and a Return on Equity of 7.96%. MetLife is one of the largest life insurers in the United States and offers a variety of financial services products, including life insurance, annuities, long-term care insurance, and disability income insurance. The company has a strong financial position and is well-positioned to continue growing its business and delivering value to shareholders.
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Summary
Investors in GREENLIGHT CAPITAL RE have much to be excited about as the company’s third quarter earnings for fiscal year 2023 have seen outstanding results. With a 42.8% year-over-year increase in total revenue to USD 168.8 million, as well as a 173.0% increase in net income to USD 13.5 million, the company’s financial performance is undeniably impressive. In addition to this, the stock price for GREENLIGHT CAPITAL RE has steadily risen over the past three quarters, further solidifying its status as a strong investment opportunity. With an impressive streak of positive earnings reports and increasing stock prices, GREENLIGHT CAPITAL RE looks set to continue to be a profitable investment for the foreseeable future.
