GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » RenaissanceRe Holdings Ltd (NYSE:RNRpC.CL.PFD) » Definitions » Enterprise Value

RenaissanceRe Holdings (RenaissanceRe Holdings) Enterprise Value : $322.29 Mil (As of Apr. 28, 2024)


View and export this data going back to 2004. Start your Free Trial

What is RenaissanceRe Holdings Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, RenaissanceRe Holdings's Enterprise Value is $322.29 Mil. RenaissanceRe Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $3,183.24 Mil. Therefore, RenaissanceRe Holdings's EV-to-EBIT ratio for today is 0.10.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, RenaissanceRe Holdings's Enterprise Value is $322.29 Mil. RenaissanceRe Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $3,048.49 Mil. Therefore, RenaissanceRe Holdings's EV-to-EBITDA ratio for today is 0.11.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, RenaissanceRe Holdings's Enterprise Value is $322.29 Mil. RenaissanceRe Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $9,091.13 Mil. Therefore, RenaissanceRe Holdings's EV-to-Revenue ratio for today is 0.04.


RenaissanceRe Holdings Enterprise Value Historical Data

The historical data trend for RenaissanceRe Holdings's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RenaissanceRe Holdings Enterprise Value Chart

RenaissanceRe Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

RenaissanceRe Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of RenaissanceRe Holdings's Enterprise Value

For the Insurance - Reinsurance subindustry, RenaissanceRe Holdings's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RenaissanceRe Holdings's Enterprise Value Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, RenaissanceRe Holdings's Enterprise Value distribution charts can be found below:

* The bar in red indicates where RenaissanceRe Holdings's Enterprise Value falls into.



RenaissanceRe Holdings Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

RenaissanceRe Holdings's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

RenaissanceRe Holdings's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


RenaissanceRe Holdings  (NYSE:RNRpC.CL.PFD) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

RenaissanceRe Holdings's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=322.290/3183.241
=0.10

RenaissanceRe Holdings's current Enterprise Value is $322.29 Mil.
RenaissanceRe Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,183.24 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

RenaissanceRe Holdings's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=322.290/3048.488
=0.11

RenaissanceRe Holdings's current Enterprise Value is $322.29 Mil.
RenaissanceRe Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,048.49 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

RenaissanceRe Holdings's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=322.290/9091.134
=0.04

RenaissanceRe Holdings's current Enterprise Value is $322.29 Mil.
RenaissanceRe Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $9,091.13 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


RenaissanceRe Holdings Enterprise Value Related Terms

Thank you for viewing the detailed overview of RenaissanceRe Holdings's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.


RenaissanceRe Holdings (RenaissanceRe Holdings) Business Description

Traded in Other Exchanges
Address
12 Crow Lane, Renaissance House, Pembroke, BMU, HM 19
RenaissanceRe Holdings Ltd provides reinsurance and insurance solutions and related services. The company's core products include property, casualty, specialty reinsurance, and certain insurance products. Revenue is derived from three sources: net premiums earned from the insurance and insurance products sold; net investment income from the investment of capital funds and cash; and other income from the company's joint ventures, advisory services, and other items. The reportable segments of the company are the Property segment which includes catastrophe and other property reinsurance, and the Casualty and Specialty segment which is comprised of casualty and specialty reinsurance. It derives a majority of its revenue from the Casualty and specialty segment.