Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Everest Re Group, Ltd. (0U96.L)

Company Dividend Discount ModelIndustry: Insurance - ReinsuranceSector: Financial Services

Valuation Snapshot

Stable Growth$2,198.78 - $2,590.53$2,427.71
Multi-Stage$718.02 - $786.79$751.77
Blended Fair Value$1,589.74
Current Price$350.23
Upside353.91%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.35%8.63%7.886.806.025.835.885.535.104.894.614.13
YoY Growth--15.97%12.94%3.24%-0.80%6.26%8.37%4.33%6.07%11.58%20.01%
Dividend Yield--2.17%1.71%1.68%1.93%2.37%2.87%2.35%1.90%1.97%2.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)552.00
(-) Cash Dividends Paid (M)338.00
(=) Cash Retained (M)214.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)110.4069.0041.40
Cash Retained (M)214.00214.00214.00
(-) Cash Required (M)-110.40-69.00-41.40
(=) Excess Retained (M)103.60145.00172.60
(/) Shares Outstanding (M)42.3842.3842.38
(=) Excess Retained per Share2.443.424.07
LTM Dividend per Share7.987.987.98
(+) Excess Retained per Share2.443.424.07
(=) Adjusted Dividend10.4211.4012.05
WACC / Discount Rate4.92%4.92%4.92%
Growth Rate5.50%6.50%7.50%
Fair Value$2,198.78$2,427.71$2,590.53
Upside / Downside527.81%593.18%639.67%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)552.00587.88626.09666.79710.13756.29778.98
Payout Ratio61.23%66.99%72.74%78.49%84.25%90.00%92.50%
Projected Dividends (M)338.00393.79455.41523.38598.26680.66720.55

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.92%4.92%4.92%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)371.82375.34378.87
Year 2 PV (M)406.00413.74421.54
Year 3 PV (M)440.56453.20466.09
Year 4 PV (M)475.48493.77512.58
Year 5 PV (M)510.78535.46561.07
PV of Terminal Value (M)28,223.0229,586.2031,001.56
Equity Value (M)30,427.6731,857.7133,341.71
Shares Outstanding (M)42.3842.3842.38
Fair Value$718.02$751.77$786.79
Upside / Downside105.01%114.65%124.65%

High-Yield Dividend Screener

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