Siriuspoint Ltd Stock Fair Value Calculation – SIRIUSPOINT LTD Reports Third Quarter Fiscal Year 2023 Earnings Results on November 8, 2023
December 8, 2023
🌥️Earnings Overview
On November 8, 2023, SIRIUSPOINT LTD ($NYSE:SPNT) reported their earnings results for the third quarter of fiscal year 2023 ending on September 30, 2023. The company posted total revenue of USD 704.4 million, a 8.5% increase from the same period last year, and saw a 165.1% increase in net income to USD 61.5 million from the prior year.
Share Price
The stock opened at $10.3 and closed the day at $10.1, down 0.7% from the prior closing price of $10.2. This is the first time the company has reported earnings since the beginning of the fiscal year, and investors were eagerly awaiting the figures. Overall, these positive figures have been welcomed by shareholders as a sign of continued strong financial performance and growth potential.
As one of the leading players in the industry, SIRIUSPOINT LTD will continue to be closely watched by investors in the coming quarters. The company’s strong performance in this quarter has set a positive tone for future earnings reports, and investors will be looking for continued success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Siriuspoint Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 2.69k | 218.7 | 8.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Siriuspoint Ltd. More…
| Operations | Investing | Financing |
| 415.9 | -335.7 | -80.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Siriuspoint Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.59k | 10.33k | 13.63 |
Key Ratios Snapshot
Some of the financial key ratios for Siriuspoint Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 52.6% | – | 12.4% |
| FCF Margin | ROE | ROA |
| 15.5% | 9.2% | 1.7% |
Analysis – Siriuspoint Ltd Stock Fair Value Calculation
At GoodWhale, we recently completed an analysis of SIRIUSPOINT LTD‘s wellbeing. After thoroughly assessing the company’s financials and operations, we have determined that the fair value of SIRIUSPOINT LTD share is around $10.3. This estimation of fair value was calculated using our proprietary Valuation Line, which helps us to accurately predict the worth of a stock. Currently, SIRIUSPOINT LTD’s stock is trading at $10.1, a price that is undervalued by approximately 1.8%. As such, investors should consider taking advantage of this opportunity to buy the stock at a discount. More…
Peers
The insurance industry is highly competitive, with companies vying for market share. SiriusPoint Ltd faces competition from Heritage Insurance Holdings Inc, PVI Reinsurance JSC, and Central Reinsurance Corp. All of these companies are fighting for a piece of the pie, and each has its own strengths and weaknesses.
– Heritage Insurance Holdings Inc ($NYSE:HRTG)
Heritage Insurance Holdings Inc. is a holding company that operates through its subsidiaries engaged in providing personal and commercial property and casualty insurance in Florida, Texas, Georgia, North Carolina, South Carolina, and Louisiana. The company has a market cap of $46.5 million and a return on equity of -49.54%.
– PVI Reinsurance JSC ($HNX:PRE)
Central Reinsurance Corporation is a holding company that, through its subsidiaries, provides reinsurance products and services. It offers property, casualty, and surety reinsurance products, as well as professional liability, fidelity, and surety, and other lines of business. The company was founded in 1979 and is headquartered in Hamilton, Bermuda.
Summary
SiriusPoint LTD has reported strong financial results for the third quarter of fiscal year 2023, with total revenue increasing 8.5% and net income up 165.1% on the same period in the previous year. This is an encouraging sign for potential investors, who can take confidence in the company’s ability to continue to perform well and generate a substantial return. SiriusPoint has demonstrated resilience in the face of challenging economic conditions, making it an attractive option for investors looking for a reliable and rewarding long-term investment.
