Sagicor Financial Corp revenue increased on 7.5% in 2015
04 May 2016 • About Sagicor Financial Corp (
$SFI) • By InTwits
Sagicor Financial Corp reported 2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Sagicor Financial Corp has low CAPEX intensity: 5 year average CAPEX/Revenue was 1.7%. At the same time it's a lot of higher than industry average of 0.6%.
- CAPEX is quite volatile: 227 in 2015, 115 in 2014, 162 in 2013, 325 in 2012, 200 in 2011
- It operates with high leverage: Net Debt/EBITDA is 0.9x while industry average is
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Sagicor Financial Corp ($SFI) key annual financial indicators
| mln. $ | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 929 | 1,046 | 1,022 | 994 | 1,068 | 7.5% |
| Net Income | 1 | 11 | -36 | 27 | 35 | 26.7% |
Balance Sheet
|
|---|
| Cash | 185 | 184 | 226 | 403 | 250 | -37.8% |
| Short Term Debt | 233 | 242 | 290 | 299 | 476 | 59.1% |
Cash flow
|
|---|
| Capex | 12 | 20 | 18 | 21 | 17 | -20.7% |
Ratios
|
|---|
| Revenue growth | -25.1% | 12.7% | -2.3% | -2.8% | 7.5% | |
| Net Income Margin | 0.1% | 1.1% | -3.6% | 2.8% | 3.2% | 0.5% |
| CAPEX, % of revenue | 1.3% | 1.9% | 1.8% | 2.1% | 1.6% | -0.6% |
| ROE | 0.2% | 1.6% | -6.9% | 4.9% | 6.4% | 1.4% |
Revenue and profitability
The company's Revenue increased on 7.5% in 2015.
Net Income marign showed almost no change in 2015.
Capital expenditures (CAPEX) and working capital investments
In 2015 the company had CAPEX/Revenue of 1.6%. Sagicor Financial Corp's CAPEX/Revenue showed almost no change from 2012 to 2015. It's average CAPEX/Revenue for the last three years was 1.8%.
Appendix 1: Peers in Life Insurance
Below you can find Sagicor Financial Corp benchmarking vs. other companies in Life Insurance industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Cathay Financial Hldg Co ($CFHS) | | -25.4% | 58.9% | 14.8% | 9.3% |
| Shin Kong Financial Hldg Co ($SKFS) | | 2.2% | 0.8% | 21.5% | 6.2% |
| Torchmark Corp ($TMK) | | 6.3% | 5.1% | -4.0% | 4.0% |
| Prudential ($PRU) | | 49.1% | -3.8% | 14.8% | -31.3% |
| Partnership Assurance Group ($PA.) | | 30.0% | -19.5% | 30.9% | -36.2% |
| |
|---|
| Median (7 companies) | | 30.0% | -3.8% | 14.8% | -31.3% |
|---|
| Sagicor Financial Corp ($SFI) | | 12.7% | -2.3% | -2.8% | 7.5% |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Torchmark Corp ($TMK) | 0.2% | 0.1% | 0.3% | 0.5% | 1.0% |
| Shin Kong Financial Hldg Co ($SKFS) | 0.2% | 0.4% | 0.3% | 0.4% | 0.8% |
| Prudential ($PRU) | 0.3% | 0.3% | 0.4% | 0.3% | 0.6% |
| Aviva ($AV.A) | 0.3% | 0.5% | 0.1% | 0.3% | 0.2% |
| Cathay Financial Hldg Co ($CFHS) | 0.2% | 1.1% | 0.3% | 0.2% | 0.2% |
| |
|---|
| Median (7 companies) | 0.2% | 0.4% | 0.3% | 0.3% | 0.2% |
|---|
| Sagicor Financial Corp ($SFI) | 1.3% | 1.9% | 1.8% | 2.1% | 1.6% |
Top companies by ROIC, %
| Top 5 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 |
|---|
| Torchmark Corp ($TMK) | 5.5% | 5.4% | 4.9% | 4.6% | 4.3% |
| Cathay Financial Hldg Co ($CFHS) | 0.5% | 0.6% | 0.9% | 1.3% | 1.3% |
| Prudential ($PRU) | 0.8% | 1.1% | 0.6% | 0.8% | 0.9% |
| Aviva ($AV.A) | 0.5% | 0.4% | 0.7% | 1.0% | 0.6% |
| Shin Kong Financial Hldg Co ($SKFS) | 0.6% | 0.8% | 0.8% | 0.7% | 0.5% |
| |
|---|
| Median (7 companies) | 0.5% | 0.8% | 0.8% | 0.8% | 0.6% |
|---|
| Sagicor Financial Corp ($SFI) | | | | | |
