Assured Guaranty Ltd.
Find Ratings ReportsASSURED GUARANTY LTD's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago.
During the same period, stockholders' equity ("net worth") has increased by 12.81% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 276.0 | 223.0 |
EBITDA ($mil) | 171.0 | 62.0 |
EBIT ($mil) | 171.0 | 59.0 |
Net Income ($mil) | 376.0 | 94.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 2401.0 | 1503.0 |
Total Assets ($mil) | 12539.0 | 16843.0 |
Total Debt ($mil) | 1791.0 | 1826.0 |
Equity ($mil) | 5713.0 | 5064.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 61.96 | 27.8 |
EBITDA Margin | 61.95 | 27.8 |
Operating Margin | 61.96 | 26.46 |
Sales Turnover | 0.08 | 0.05 |
Return on Assets | 5.89 | 0.73 |
Return on Equity | 12.94 | 2.45 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.24 | 0.27 |
Interest Expense | 23.0 | 21.0 |
Interest Coverage | 7.43 | 2.81 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 56.22 | 59.01 |
Div / share | 0.28 | 0.25 |
EPS | 6.4 | 1.52 |
Book value / share | 101.62 | 85.81 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 307783.0 | 265513.0 |
BUY. ASSURED GUARANTY LTD's P/E ratio indicates a significant discount compared to an average of 21.84 for the Insurance Carriers and Related Activities subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.89 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 3.52. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, ASSURED GUARANTY LTD proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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AGO 7.31 | Peers 21.84 | AGO 11.06 | Peers 13.60 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. AGO is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. AGO is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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AGO 13.13 | Peers 14.42 | AGO NM | Peers 0.87 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. AGO is trading at a valuation on par with its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. AGO's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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AGO 0.89 | Peers 3.52 | AGO 539.17 | Peers 95.58 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. AGO is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. AGO is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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AGO 4.82 | Peers 1.96 | AGO 26.70 | Peers 37.25 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. AGO is trading at a significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. AGO significantly trails its peers on the basis of sales growth. |
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