Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Protective Insurance. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Protective Insurance's earnings available for a low price, and how does
this compare to other companies in the same industry?
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Protective Insurance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Insurance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Protective Insurance's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Protective Insurance's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare Protective Insurance's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if Protective Insurance is high growth as no earnings estimate data is available.
Unable to determine if Protective Insurance is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Protective Insurance's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Protective Insurance's finances.
The net worth of a company is the difference between its assets and liabilities.
Protective Insurance's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Protective Insurance has no long term commitments.
This treemap shows a more detailed breakdown of
Protective Insurance's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Debt is covered by short term assets, assets are 32.3x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
Mr. Jeremy David Edgecliffe-Johnson serves as Chief Executive Officer at Protective Insurance Corporation and has been its Principal Executive Officer and Director since May 22, 2019. He served as the Chief Executive Officer and President at Lexington Insurance Company since April 29, 2013. He served as the President of Cat Excess Liability of Chartis at Lexington Insurance Company. He joined Chartis in 2000. He has held positions of increasing responsibility in underwriting and Sales & Marketing, including Regional Vice President for the Mid-Atlantic territory and Chief Operating Officer at Lexington Insurance Company. Prior to joining Chartis, he worked as a Directors and officers liability broker for Sedgwick, Inc. and Marsh, Inc. He holds a B.A. degree in Law from Oxford University.
Insufficient data for Jeremy to compare compensation growth.
Insufficient data for Jeremy to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the Protective Insurance management team is less than 2 years, this suggests a new team.
Executive Vice President of Sales & Marketing
Executive Vice President of Claims
Chief Underwriting Officer
CEO, Principal Executive Officer & Director
Chief Financial Officer
Chief Information Officer
Chief Risk Officer
Senior VP & Secretary
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Protective Insurance board of directors is less than 3 years, this suggests a new board.
Board of Directors
Chairman of the Board
CEO, Principal Executive Officer & Director
Lead Independent Director
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Protective Insurance Corporation, through its subsidiaries, engages in marketing and underwriting property and casualty insurance products. The company offers a range of fleet transportation insurance products, including commercial motor vehicle liability, physical damage, and general liability insurance; workers compensation insurance; medical and indemnity insurance products; non-trucking motor vehicle liability insurance; fidelity and surety bonds; and inland marine products consisting of cargo insurance. It also provides various additional services, such as risk surveys and analyses, safety program design and monitoring, government compliance assistance, loss control, and cost studies; research, development, and consultation in connection with new insurance programs that comprise development of systems to assist customers in monitoring their accident data; and claims handling services to clients with self-insurance programs. It serves trucking and public transportation fleets, as well as independent contractors in the trucking industry. The company primarily operates in the United States, Canada, Bermuda, and Puerto Rico. Protective Insurance Corporation was founded in 1930 and is headquartered in Carmel, Indiana.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.