Hiscox Limited (DI) (HSX)

Sector:

Insurance

Index:

FTSE 250

1,154.00p
   
  • Change Today:
    -11.00p
  • 52 Week High: 1,240.00
  • 52 Week Low: 938.00
  • Currency: UK Pounds
  • Shares Issued: 339.20m
  • Volume: 257,049
  • Market Cap: £3,914.40m
  • RiskGrade: 130

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 2.8% 2.6% 3.2% 0.0% 0.8%
           
Continuing Operations          
PE Ratio - Basic 6.5
6.5		 18.8
18.8		 19.8
19.8		 n/a
n/a		 105.3
105.2
PE Ratio - Diluted 6.7
6.7		 19.1
19.1		 20.0
20.0		 n/a
n/a		 107.2
106.8
PE Ratio - Adjusted 6.5 18.8 19.8 n/a 105.3
PEG - Basic 0.0
0.0		 0.6
0.6		 n/a
n/a		 n/a
n/a		 n/a
n/a
PEG - Diluted 0.0
0.0		 0.6
0.6		 n/a
n/a		 n/a
n/a		 n/a
n/a
PEG - Adjusted 0.0 0.6 n/a n/a n/a
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 13.95%
13.95%		 6.43%
6.43%		 5.64%
5.64%		 (5.56%)
(5.55%)		 1.32%
1.32%
           
Continuing & Discontinued Operations          
PE Ratio - Basic 6.5
6.5		 18.8
18.8		 1,961.4
1,960.7		 n/a
n/a		 105.3
105.2
PE Ratio - Diluted 6.7
6.7		 19.1
19.1		 1,982.9
1,982.1		 n/a
n/a		 107.2
106.8
PE Ratio - Adjusted 6.5 18.8 1,961.4 n/a 105.3
PEG - Basic 0.0
0.0		 0.0
0.0		 n/a
n/a		 n/a
n/a		 1.6
1.6
PEG - Diluted 0.0
0.0		 0.0
0.0		 n/a
n/a		 n/a
n/a		 1.6
1.6
PEG - Adjusted 0.0 0.0 n/a n/a 1.6

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing (23.13%) (27.13%) (21.83%) (26.80%) (17.69%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 860.68p 672.60p 649.89p 641.06p 673.10p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 4,483.20 4,273.30 43.09 4,033.10 4,030.70
Net Interest n/a
n/a		 n/a
n/a		 (0.51)
(0.51)		 (44.00)
(44.00)		 n/a
n/a
Profit Before Tax 625.90
625.90		 275.60
275.60		 1.93
1.93		 (268.50)
(268.30)		 53.10
53.10
           
Revenue per Share 1,297.97p 1,241.77p 12.58p 1,258.13p 1,419.19p
Pre-Tax Profit per Share 181.21p
181.21p		 80.09p
80.09p		 0.56p
0.56p		 (83.76p)
(83.70p)		 18.70p
18.70p
Market Capitalisation £ (Millions) 3,744.68 3,857.56 3,047.11 3,518.31 52,578.47
Enterprise Value (EV) £ (Millions) 4,414.28 4,489.76 3,788.91 4,465.01 53,307.27
EBITDA/EV 15.92%
15.92%		 7.45%
7.45%		 0.08%
0.08%		 (3.82%)
(3.82%)		 0.10%
0.10%
Operating Margin 13.95%
13.95%		 6.43%
6.43%		 5.64%
5.64%		 (5.56%)
(5.55%)		 1.32%
1.32%
Capital Employed £ (Millions) 3,647.50 2,950.80 2,973.00 3,004.40 2,640.90
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 3,295.60 2,633.90 2,538.20 2,355.50 2,189.00
           
Earnings per Share - Basic 206.10¢
206.14¢		 73.80¢
73.78¢		 55.30¢
55.32¢		 (91.60¢)
(91.56¢)		 17.20¢
17.22¢
Earnings per Share - Diluted 201.50¢
201.48¢		 72.70¢
72.74¢		 54.70¢
54.72¢		 (90.60¢)
(90.57¢)		 16.90¢
16.96¢
Earnings per Share - Adjusted 206.10¢ 73.80¢ 55.30¢ (91.60)¢ 17.20¢
Earnings per Share Growth - Basic 179%
179%		 34%
33%		 n/a
n/a		 n/a
n/a		 -59%
-59%
Earnings per Share Growth - Diluted 177%
177%		 33%
33%		 n/a
n/a		 n/a
n/a		 -59%
-58%
Earnings per Share Growth - Adjusted 179% 34% n/a n/a -59%
PE Ratio - Diluted 6.7
6.7		 19.1
19.1		 20.0
20.0		 n/a
n/a		 107.2
106.8
PEG - Diluted 0.0
0.0		 0.6
0.6		 n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate (13.76%) 7.90% 0.68% (9.40%) 7.91%
Dividend Cover 5.50
5.50		 2.05
2.05		 1.60
1.60		 n/a
n/a		 1.25
1.25
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 206.10¢
206.14¢		 73.80¢
73.78¢		 0.56¢
0.56¢		 (91.60¢)
(91.56¢)		 17.20¢
17.22¢
Earnings per Share - Diluted 201.50¢
201.48¢		 72.70¢
72.74¢		 0.55¢
0.55¢		 (90.60¢)
(90.57¢)		 16.90¢
16.96¢
Earnings per Share - Adjusted 206.10¢ 73.80¢ 0.56¢ (91.60¢) 17.20¢
Earnings per Share Growth - Basic 179%
179%		 13,121%
13,113%		 n/a
n/a		 n/a
n/a		 66%
66%
Earnings per Share Growth - Diluted 177%
177%		 13,067%
13,069%		 n/a
n/a		 n/a
n/a		 66%
66%
Earnings per Share Growth - Adjusted 179% 13,121% n/a n/a 66%
PE Ratio - Diluted 6.7
6.7		 19.1
19.1		 1,982.9
1,982.1		 n/a
n/a		 107.2
106.8
PEG - Diluted 0.0
0.0		 0.0
0.0		 n/a
n/a		 n/a
n/a		 1.6
1.6
Dividend Cover 5.50
5.50		 2.05
2.05		 0.02
0.02		 n/a
n/a		 1.25
1.25
Return on Equity (ROE) 21.60%
21.60%		 9.64%
9.64%		 0.08%
0.08%		 (12.47%)
(12.46%)		 2.23%
2.23%
Operating Cash Flow per Share 67.20p 108.51p 4.85p (36.53p) 13.91p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 19.98p 29.23p (0.78p) 131.96p (63.84p)
Dividend per Share 37.50¢ 36.00¢ 34.50¢ n/a 13.75¢
Dividend per Share Growth 4.17% 4.35% n/a n/a (67.14%)
Dividend Yield 2.8% 2.6% 3.2% 0.0% 0.8%
Shareholders Funds 3,295.60 2,633.90 2,538.20 2,352.80 2,188.60
Net Borrowings £ (Millions) (762.30) (714.70) (554.00) (630.50) (387.10)
Net Asset Value per Share (inc. Intangibles) 860.36p 672.27p 649.57p 640.72p 672.71p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 3,295.60 2,633.90 2,538.20 2,352.80 2,188.60
Net Borrowings £ (Millions) (762.30) (714.70) (554.00) (630.50) (387.10)
Net Gearing (23.13%) (27.13%) (21.83%) (26.80%) (17.69%)
Cash & Near Cash 1,437.00 1,350.90 1,300.70 1,577.20 1,115.90
Cash 43.60% 51.29% 51.24% 67.04% 50.99%
Gross Borrowings 674.70 636.20 746.70 946.70 728.80
Gross Gearing 20.47% 24.15% 29.42% 40.24% 33.30%
Borrowings Under 5 years 674.70 636.20 746.70 946.70 728.80
Under 5 years 20.47% 24.15% 29.42% 40.24% 33.30%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 2,971.70 2,313.50 2,225.10 2,053.90 1,910.60
Net Borrowings £ (Millions) (762.30) (714.70) (554.00) (630.50) (387.10)
Net Gearing (25.65%) (30.89%) (24.90%) (30.70%) (20.26%)
Cash & Near Cash 1,437.00 1,350.90 1,300.70 1,577.20 1,115.90
Cash 48.36% 58.39% 58.46% 76.79% 58.41%
Gross Borrowings 674.70 636.20 746.70 946.70 728.80
Gross Gearing 22.70% 27.50% 33.56% 46.09% 38.15%
Borrowings Under 5 years 674.70 636.20 746.70 946.70 728.80
Under 5 years 22.70% 27.50% 33.56% 46.09% 38.15%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

Top of Page