Intrinsic value of Everest Re Group - RE

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$256.74

  Intrinsic Value

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  Value-price divergence*

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$256.74

 
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Our model is not good at valuating stocks of financial companies, such as RE.

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of RE stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 10.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -1.92
  8.20
  7.88
  7.59
  7.33
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
  6.12
  6.00
  5.90
  5.81
  5.73
  5.66
  5.59
  5.53
  5.48
  5.43
  5.39
  5.35
  5.32
  5.28
  5.26
  5.23
  5.21
  5.19
  5.17
  5.15
Revenue, $m
  0
  6,427
  6,934
  7,460
  8,007
  8,575
  9,166
  9,780
  10,419
  11,084
  11,775
  12,495
  13,246
  14,028
  14,843
  15,694
  16,582
  17,509
  18,478
  19,491
  20,550
  21,657
  22,816
  24,029
  25,298
  26,628
  28,020
  29,479
  31,008
  32,610
  34,290
Variable operating expenses, $m
 
  4,788
  5,165
  5,558
  5,965
  6,389
  6,829
  7,286
  7,762
  8,257
  8,773
  9,309
  9,868
  10,451
  11,058
  11,692
  12,354
  13,044
  13,766
  14,521
  15,310
  16,135
  16,998
  17,901
  18,847
  19,838
  20,875
  21,962
  23,101
  24,295
  25,546
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  4,690
  4,788
  5,165
  5,558
  5,965
  6,389
  6,829
  7,286
  7,762
  8,257
  8,773
  9,309
  9,868
  10,451
  11,058
  11,692
  12,354
  13,044
  13,766
  14,521
  15,310
  16,135
  16,998
  17,901
  18,847
  19,838
  20,875
  21,962
  23,101
  24,295
  25,546
Operating income, $m
  1,136
  1,639
  1,768
  1,902
  2,042
  2,187
  2,337
  2,494
  2,657
  2,826
  3,003
  3,186
  3,378
  3,577
  3,785
  4,002
  4,228
  4,465
  4,712
  4,970
  5,240
  5,523
  5,818
  6,127
  6,451
  6,790
  7,145
  7,517
  7,907
  8,316
  8,744
EBITDA, $m
  1,136
  1,639
  1,768
  1,902
  2,042
  2,187
  2,337
  2,494
  2,657
  2,826
  3,003
  3,186
  3,378
  3,577
  3,785
  4,002
  4,228
  4,465
  4,712
  4,970
  5,240
  5,523
  5,818
  6,127
  6,451
  6,790
  7,145
  7,517
  7,907
  8,316
  8,744
Interest expense (income), $m
  36
  36
  97
  160
  226
  294
  364
  438
  514
  593
  676
  762
  851
  945
  1,042
  1,143
  1,249
  1,359
  1,474
  1,595
  1,721
  1,852
  1,990
  2,134
  2,284
  2,442
  2,607
  2,780
  2,962
  3,152
  3,351
Earnings before tax, $m
  1,100
  1,603
  1,671
  1,742
  1,816
  1,893
  1,973
  2,056
  2,143
  2,233
  2,327
  2,424
  2,526
  2,632
  2,743
  2,859
  2,980
  3,106
  3,238
  3,375
  3,520
  3,670
  3,828
  3,994
  4,167
  4,348
  4,538
  4,737
  4,945
  5,164
  5,393
Tax expense, $m
  104
  433
  451
  470
  490
  511
  533
  555
  579
  603
  628
  655
  682
  711
  741
  772
  804
  839
  874
  911
  950
  991
  1,034
  1,078
  1,125
  1,174
  1,225
  1,279
  1,335
  1,394
  1,456
Net income, $m
  996
  1,170
  1,220
  1,272
  1,326
  1,382
  1,440
  1,501
  1,564
  1,630
  1,699
  1,770
  1,844
  1,922
  2,003
  2,087
  2,175
  2,267
  2,363
  2,464
  2,569
  2,679
  2,795
  2,915
  3,042
  3,174
  3,313
  3,458
  3,610
  3,770
  3,937

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  21,322
  22,239
  23,991
  25,813
  27,706
  29,673
  31,717
  33,842
  36,052
  38,352
  40,745
  43,236
  45,832
  48,538
  51,360
  54,304
  57,377
  60,586
  63,939
  67,443
  71,106
  74,938
  78,948
  83,144
  87,537
  92,137
  96,956
  102,004
  107,294
  112,838
  118,650
Adjusted assets (=assets-cash), $m
  21,322
  22,239
  23,991
  25,813
  27,706
  29,673
  31,717
  33,842
  36,052
  38,352
  40,745
  43,236
  45,832
  48,538
  51,360
  54,304
  57,377
  60,586
  63,939
  67,443
  71,106
  74,938
  78,948
  83,144
  87,537
  92,137
  96,956
  102,004
  107,294
  112,838
  118,650
Revenue / Adjusted assets
  0.000
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
Average production assets, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Working capital, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total debt, $m
  633
  1,708
  2,812
  3,959
  5,152
  6,391
  7,679
  9,018
  10,410
  11,858
  13,366
  14,936
  16,571
  18,276
  20,054
  21,909
  23,844
  25,866
  27,978
  30,186
  32,494
  34,908
  37,434
  40,078
  42,845
  45,743
  48,779
  51,959
  55,292
  58,785
  62,447
Total liabilities, $m
  13,246
  14,011
  15,115
  16,262
  17,455
  18,694
  19,982
  21,321
  22,713
  24,161
  25,669
  27,239
  28,874
  30,579
  32,357
  34,212
  36,147
  38,169
  40,281
  42,489
  44,797
  47,211
  49,737
  52,381
  55,148
  58,046
  61,082
  64,262
  67,595
  71,088
  74,750
Total equity, $m
  8,075
  8,228
  8,877
  9,551
  10,251
  10,979
  11,735
  12,522
  13,339
  14,190
  15,075
  15,997
  16,958
  17,959
  19,003
  20,092
  21,229
  22,417
  23,657
  24,954
  26,309
  27,727
  29,211
  30,763
  32,389
  34,091
  35,874
  37,741
  39,699
  41,750
  43,901
Total liabilities and equity, $m
  21,321
  22,239
  23,992
  25,813
  27,706
  29,673
  31,717
  33,843
  36,052
  38,351
  40,744
  43,236
  45,832
  48,538
  51,360
  54,304
  57,376
  60,586
  63,938
  67,443
  71,106
  74,938
  78,948
  83,144
  87,537
  92,137
  96,956
  102,003
  107,294
  112,838
  118,651
Debt-to-equity ratio
  0.078
  0.210
  0.320
  0.410
  0.500
  0.580
  0.650
  0.720
  0.780
  0.840
  0.890
  0.930
  0.980
  1.020
  1.060
  1.090
  1.120
  1.150
  1.180
  1.210
  1.240
  1.260
  1.280
  1.300
  1.320
  1.340
  1.360
  1.380
  1.390
  1.410
  1.420
Adjusted equity ratio
  0.379
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  996
  1,170
  1,220
  1,272
  1,326
  1,382
  1,440
  1,501
  1,564
  1,630
  1,699
  1,770
  1,844
  1,922
  2,003
  2,087
  2,175
  2,267
  2,363
  2,464
  2,569
  2,679
  2,795
  2,915
  3,042
  3,174
  3,313
  3,458
  3,610
  3,770
  3,937
Depreciation, amort., depletion, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Funds from operations, $m
  1,650
  1,170
  1,220
  1,272
  1,326
  1,382
  1,440
  1,501
  1,564
  1,630
  1,699
  1,770
  1,844
  1,922
  2,003
  2,087
  2,175
  2,267
  2,363
  2,464
  2,569
  2,679
  2,795
  2,915
  3,042
  3,174
  3,313
  3,458
  3,610
  3,770
  3,937
Change in working capital, $m
  277
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from operations, $m
  1,373
  1,170
  1,220
  1,272
  1,326
  1,382
  1,440
  1,501
  1,564
  1,630
  1,699
  1,770
  1,844
  1,922
  2,003
  2,087
  2,175
  2,267
  2,363
  2,464
  2,569
  2,679
  2,795
  2,915
  3,042
  3,174
  3,313
  3,458
  3,610
  3,770
  3,937
Maintenance CAPEX, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
New CAPEX, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from investing activities, $m
  -658
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Free cash flow, $m
  715
  1,170
  1,220
  1,272
  1,326
  1,382
  1,440
  1,501
  1,564
  1,630
  1,699
  1,770
  1,844
  1,922
  2,003
  2,087
  2,175
  2,267
  2,363
  2,464
  2,569
  2,679
  2,795
  2,915
  3,042
  3,174
  3,313
  3,458
  3,610
  3,770
  3,937
Issuance/(repayment) of debt, $m
  0
  1,075
  1,104
  1,148
  1,192
  1,239
  1,288
  1,339
  1,392
  1,449
  1,508
  1,570
  1,635
  1,705
  1,778
  1,855
  1,936
  2,022
  2,112
  2,208
  2,308
  2,414
  2,526
  2,644
  2,768
  2,898
  3,036
  3,180
  3,333
  3,493
  3,662
Issuance/(repurchase) of shares, $m
  -376
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -376
  1,075
  1,104
  1,148
  1,192
  1,239
  1,288
  1,339
  1,392
  1,449
  1,508
  1,570
  1,635
  1,705
  1,778
  1,855
  1,936
  2,022
  2,112
  2,208
  2,308
  2,414
  2,526
  2,644
  2,768
  2,898
  3,036
  3,180
  3,333
  3,493
  3,662
Total cash flow (excl. dividends), $m
  393
  2,245
  2,324
  2,419
  2,518
  2,621
  2,728
  2,840
  2,957
  3,079
  3,206
  3,340
  3,480
  3,626
  3,780
  3,942
  4,111
  4,289
  4,476
  4,672
  4,877
  5,094
  5,321
  5,559
  5,809
  6,072
  6,348
  6,638
  6,943
  7,263
  7,599
Retained Cash Flow (-), $m
  -466
  -619
  -648
  -674
  -700
  -728
  -756
  -786
  -818
  -851
  -885
  -922
  -961
  -1,001
  -1,044
  -1,089
  -1,137
  -1,187
  -1,240
  -1,296
  -1,356
  -1,418
  -1,483
  -1,553
  -1,625
  -1,702
  -1,783
  -1,868
  -1,957
  -2,051
  -2,150
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  1,625
  1,675
  1,745
  1,818
  1,893
  1,972
  2,054
  2,139
  2,228
  2,321
  2,418
  2,519
  2,625
  2,736
  2,852
  2,974
  3,102
  3,235
  3,375
  3,522
  3,676
  3,837
  4,006
  4,184
  4,370
  4,565
  4,770
  4,985
  5,211
  5,448
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  1,558
  1,534
  1,519
  1,497
  1,468
  1,431
  1,387
  1,337
  1,280
  1,217
  1,148
  1,075
  998
  919
  837
  756
  675
  596
  520
  448
  380
  318
  263
  213
  170
  133
  102
  77
  57
  41
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products. The company operates in five segments: U.S. Reinsurance, International, Bermuda, Insurance, and Mt. Logan Re. The U.S. Reinsurance segment writes property and casualty reinsurance; and specialty lines of business, including marine, aviation, surety, and accident and health insurance through reinsurance brokers, as well as directly with ceding companies in the Unites States. The International segment writes foreign property and casualty reinsurance in Canada, Singapore, Brazil, Miami, and New Jersey. The Bermuda segment provides reinsurance and insurance to property and casualty markets through brokers and directly with ceding companies in Bermuda; and reinsurance to the United Kingdom and European markets. The Insurance segment writes property and casualty insurance products directly, as well as through general agents, brokers, and surplus lines brokers in the United States and Canada. The Mt. Logan Re segment provides insurance products against catastrophe risks. The company also provides property and casualty reinsurance and insurance coverages, such as errors and omissions liability, directors' and officers' liability, medical malpractice, and worker’s compensation products. Everest Re Group, Ltd. was founded in 1973 and is headquartered in Hamilton, Bermuda.

FINANCIAL RATIOS  of  Everest Re Group (RE)

Valuation Ratios
P/E Ratio 10.5
Price to Sales 1.8
Price to Book 1.3
Price to Tangible Book
Price to Cash Flow 7.6
Price to Free Cash Flow 7.6
Growth Rates
Sales Growth Rate -1.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 7.8%
Total Debt to Equity 7.8%
Interest Coverage 32
Management Effectiveness
Return On Assets 4.9%
Ret/ On Assets - 3 Yr. Avg. 5.3%
Return On Total Capital 11.8%
Ret/ On T. Cap. - 3 Yr. Avg. 13.1%
Return On Equity 12.7%
Return On Equity - 3 Yr. Avg. 14.1%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 19.5%
EBITDA Margin - 3 Yr. Avg. 22%
Operating Margin 19.5%
Oper. Margin - 3 Yr. Avg. 22%
Pre-Tax Margin 18.9%
Pre-Tax Margin - 3 Yr. Avg. 21.3%
Net Profit Margin 17.1%
Net Profit Margin - 3 Yr. Avg. 18%
Effective Tax Rate 9.5%
Eff/ Tax Rate - 3 Yr. Avg. 11.2%
Payout Ratio 19.6%

RE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the RE stock intrinsic value calculation we used $5940 million for the last fiscal year's total revenue generated by Everest Re Group. The default revenue input number comes from 2016 income statement of Everest Re Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our RE stock valuation model: a) initial revenue growth rate of 8.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for RE is calculated based on our internal credit rating of Everest Re Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Everest Re Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of RE stock the variable cost ratio is equal to 74.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for RE stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.7% for Everest Re Group.

Corporate tax rate of 27% is the nominal tax rate for Everest Re Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the RE stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for RE are equal to 0%.

Life of production assets of 10 years is the average useful life of capital assets used in Everest Re Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for RE is equal to 0%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $7609 million for Everest Re Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 41.229 million for Everest Re Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Everest Re Group at the current share price and the inputted number of shares is $10.6 billion.


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COMPANY NEWS

▶ Reinsurance Companies: What You Need to Know   [Jun-14-17 01:06PM  Motley Fool]
▶ Everest Re Group Announces Dividend   [May-17-17 03:31PM  Business Wire]
▶ Everest Insurance® Hires Keith Lavigne   [10:48AM  Business Wire]
▶ Everest Re beats 1Q profit forecasts   [Apr-24-17 05:12PM  Associated Press]
▶ Everest Insurance® Launches Life Sciences Practice   [Apr-07-17 11:40AM  Business Wire]
▶ E&P stocks to buy and sell: Analyst   [Mar-31-17 02:34PM  CNBC Videos]
▶ Everest Re Group Announces Dividend   [Feb-22-17 04:20PM  Business Wire]
▶ Should You Avoid Everest Re Group Ltd (RE)?   [Dec-02-16 09:26AM  at Insider Monkey]
▶ Everest Re Group Increases Dividend   [Nov-22-16 05:47PM  at Investopedia]
▶ Everest Re Group Increases Quarterly Dividend by 9%   [Nov-16-16 03:49PM  Business Wire]
Stock chart of RE Financial statements of RE Annual reports of RE
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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