Conduit (CRE) Share Price, News & Analysis

Company Overview

Conduit Holdings Limited, together with its subsidiaries, provides reinsurance products and services worldwide. It operates in three divisions: Property, Casualty, and Specialty. The property division offers catastrophe and non-catastrophe property reinsurance products. The Casualty division provides director's and officer's, financial institutions, general, professional, and transactional liability, as well as medical malpractice reinsurance products. The Specialty division offers aviation, energy, engineering and construction, environmental, marine, renewables, political violence and terrorism, whole account, specie and fine art, and war reinsurance products. Conduit Holdings Limited was incorporated in 2020 and is headquartered in Pembroke, Bermuda.

Key Stats

• Today's Range: 478 to 495.50
• 50-Day Range: 473.50 to 546
• 52-Week Range: 449 to 549.74
• Volume: 447,793 shs
• Average Volume: 378,056 shs
• Market Capitalization: £777.84 million
• P/E Ratio: 490.59
• Dividend Yield: 5.65%
• Price Target: GBX 698.33
• Consensus Rating: Buy

Conduit Stock Analysis - MarketRank™

Conduit scored higher than 70% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Conduit has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Conduit has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Conduit is 490.59, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 125.01.

Price to Earnings Ratio vs. Sector

The P/E ratio of Conduit is 490.59, which means that it is trading at a more expensive P/E ratio than the Financial Services sector average P/E ratio of about 427.29.

Price to Book Value per Share Ratio

Conduit has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CRE.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Conduit is a leading dividend payer. It pays a dividend yield of 5.30%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Conduit does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Conduit is 2,772.28%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CRE.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.47

News Sentiment

Conduit has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Conduit this week, compared to 1 article on an average week.

MarketBeat Follows

1 people have added Conduit to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Conduit insiders have bought more of their company's stock than they have sold. Specifically, they have bought £272,000 in company stock and sold GBX 0 in company stock.

Percentage Held by Insiders

Only 6.19% of the stock of Conduit is held by insiders.

Percentage Held by Institutions

67.35% of the stock of Conduit is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CRE Stock Analysis - Frequently Asked Questions

How have CRE shares performed this year?

Conduit's stock was trading at GBX 469 at the beginning of 2024. Since then, CRE stock has increased by 5.7% and is now trading at GBX 495.50.
View the best growth stocks for 2024 here.

How do I buy shares of Conduit?

Shares of CRE stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

What other stocks do shareholders of Conduit own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Conduit investors own include Close Brothers Group (CBG), Hurricane Energy (HUR), Playtech (PTEC), iShares Core High Dividend ETF (HDV), Extreme Networks (EXTR), iShares Global Industrials ETF (EXI) and Walt Disney (DIS).

Company Calendar

• Ex-Dividend for 9/5 Dividend: 8/15/2024
• Dividend Payable: 9/05/2024
• Today: 11/21/2024

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Financial Services
• Industry: Insurance - Reinsurance
• Sub-Industry: N/A
• Current Symbol: LON:CRE
• CUSIP: N/A
• CIK: N/A
• Web: www.creston.com
• Phone: +44-20-79309757
• Fax: N/A
• Employees: 59
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 698.33
• High Stock Price Target: GBX 720
• Low Stock Price Target: GBX 675
• Potential Upside/Downside: +40.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): GBX 1.01
• Trailing P/E Ratio: 490.59
• Forward P/E Ratio: 4.83
• P/E Growth: N/A
• Net Income: £210.30 million
• Net Margins: 30.25%
• Pretax Margin: N/A
• Return on Equity: 21.39%
• Return on Assets: 8.83%

Debt

• Debt-to-Equity Ratio: 0.18
• Current Ratio: 0.55
• Quick Ratio: 1.19

Sales & Book Value

• Annual Sales: £695.30 million
• Price / Sales: 1.12
• Cash Flow: GBX 75.19 per share
• Price / Cash Flow: 6.59
• Book Value: GBX 663 per share
• Price / Book: 0.75

Miscellaneous

• Outstanding Shares: 156,980,000
• Free Float: N/A
• Market Cap: £777.84 million
• Optionable: Not Optionable
• Beta: 0.52