Stock GLRE GREENLIGHT CAPITAL RE, LTD.
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Financials Greenlight Capital Re, Ltd.

Equities

GLRE

KYG4095J1094

Reinsurance

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-04-26 pm EDT 		5-day change 1st Jan Change
12.05 USD -0.82% Intraday chart for Greenlight Capital Re, Ltd. -3.45% +5.52%
Mar. 06 Transcript : Greenlight Capital Re, Ltd., Q4 2023 Earnings Call, Mar 06, 2024
Mar. 05 Greenlight Capital Re, Ltd. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 313.7 374 257.2 265.3 283.8 403.6
Enterprise Value (EV) 1 386.6 442.5 344.2 289.5 328.1 427.3
P/E ratio -0.89 x -91.5 x 68.4 x 15.4 x 11.1 x 4.57 x
Yield - - - - - -
Capitalization / Revenue 1.54 x 0.68 x 0.53 x 0.45 x 0.53 x 0.62 x
EV / Revenue 1.89 x 0.81 x 0.71 x 0.49 x 0.62 x 0.65 x
EV / EBITDA -1.17 x 38 x 17.6 x 7.03 x 7.8 x -
EV / FCF -4.53 x -2.12 x -1.07 x -2.05 x -1.19 x -1.51 x
FCF Yield -22.1% -47.1% -93.2% -48.7% -84% -66.3%
Price to Book 0.66 x 0.78 x 0.54 x 0.56 x 0.56 x 0.68 x
Nbr of stocks (in thousands) 36,386 36,994 35,189 33,844 34,824 35,337
Reference price 2 8.620 10.11 7.310 7.840 8.150 11.42
Announcement Date 2/27/19 3/9/20 3/10/21 3/8/22 3/8/23 3/5/24
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 204.3 547 485.9 590.5 533.3 655.3
EBITDA 1 -329.9 11.64 19.53 41.16 42.04 -
EBIT 1 -330.2 11.62 19.51 41.15 42.03 87.43
Operating Margin -161.62% 2.12% 4.01% 6.97% 7.88% 13.34%
Earnings before Tax (EBT) 1 -354 -3.503 4.29 21.32 24.53 86.93
Net income 1 -350.1 -3.986 3.866 17.58 25.34 86.83
Net margin -171.33% -0.73% 0.8% 2.98% 4.75% 13.25%
EPS 2 -9.740 -0.1105 0.1069 0.5100 0.7342 2.500
Free Cash Flow 1 -85.43 -208.5 -320.7 -141 -275.7 -283.5
FCF margin -41.81% -38.12% -66.01% -23.88% -51.71% -43.26%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 2/27/19 3/9/20 3/10/21 3/8/22 3/8/23 3/5/24
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 73 68.5 87 24.2 44.3 23.7
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -0.2212 x 5.887 x 4.453 x 0.5881 x 1.054 x -
Free Cash Flow 1 -85.4 -209 -321 -141 -276 -283
ROE (net income / shareholders' equity) -53.2% -0.83% 0.82% 3.74% 5.18% 15.8%
ROA (Net income/ Total Assets) -8.61% 0.52% 0.9% 1.85% 1.75% 3.3%
Assets 1 4,065 -766.1 430.2 951.9 1,451 2,634
Book Value Per Share 2 13.10 12.90 13.50 14.10 14.40 16.90
Cash Flow per Share 2 0.5000 0.7000 0.2600 2.250 1.100 1.450
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 2/27/19 3/9/20 3/10/21 3/8/22 3/8/23 3/5/24
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Property & Casualty Reinsurance

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Property & Casualty Reinsurance
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