Singapore Reinsurance Corporation Limited
Singapore Reinsurance Corporation Limited, together with its subsidiaries, operates as a general reinsurance company in Singapore, Malaysia, Greater China, and internationally. It operates through two segments, Reinsurance and Non-Reinsurance. The company primarily writes property, liability, accident, and marine classes. It also publishes magazines, books, and other publications, as well as orga… Read more
Singapore Reinsurance Corporation Limited (S49) - Net Assets
Latest net assets as of September 2024: €1.01 Billion EUR
Based on the latest financial reports, Singapore Reinsurance Corporation Limited (S49) has net assets worth €1.01 Billion EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.34 Billion) and total liabilities (€335.55 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.01 Billion |
| % of Total Assets | 75.01% |
| Annual Growth Rate | 15.13% |
| 5-Year Change | 54.77% |
| 10-Year Change | 288.69% |
| Growth Volatility | 23.46 |
Singapore Reinsurance Corporation Limited - Net Assets Trend (2013–2023)
This chart illustrates how Singapore Reinsurance Corporation Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Singapore Reinsurance Corporation Limited (2013–2023)
The table below shows the annual net assets of Singapore Reinsurance Corporation Limited from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €921.52 Million | +3.98% |
| 2022-12-31 | €886.20 Million | +8.62% |
| 2021-12-31 | €815.85 Million | +9.53% |
| 2020-12-31 | €744.86 Million | +25.10% |
| 2019-12-31 | €595.43 Million | +31.43% |
| 2018-12-31 | €453.02 Million | +69.37% |
| 2017-12-31 | €267.48 Million | +39.49% |
| 2016-12-31 | €191.75 Million | -17.41% |
| 2015-12-31 | €232.18 Million | -2.07% |
| 2014-12-31 | €237.08 Million | +5.25% |
| 2013-12-31 | €225.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Singapore Reinsurance Corporation Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 539.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €482.56 Million | 52.37% |
| Other Components | €438.95 Million | 47.63% |
| Total Equity | €921.52 Million | 100.00% |
Singapore Reinsurance Corporation Limited Competitors by Market Cap
The table below lists competitors of Singapore Reinsurance Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IN8BIO INC. DL-0001
F:6JH
|
$419.46K |
|
noco-noco Inc. Warrant
NASDAQ:NCNCW
|
$419.71K |
|
Genting Hong Kong Limited
PINK:GTHKF
|
$419.71K |
|
Mustek Ltd
JSE:MST
|
$420.02K |
|
My Foodie BOX Ltd
AU:MBX
|
$418.97K |
|
Nutranomics Inc
PINK:NNRX
|
$418.94K |
|
IDT-B (IDC2.SG)
STU:IDC2
|
$418.62K |
|
EvokAI Creative Labs Inc
OTCQB:OKAIF
|
$418.45K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Singapore Reinsurance Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 886,204,000 to 921,516,000, a change of 35,312,000 (4.0%).
- Net income of 1,316,000 contributed positively to equity growth.
- New share issuances of 6,610,000 increased equity.
- Other factors increased equity by 27,386,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.32 Million | +0.14% |
| Share Issuances | €6.61 Million | +0.72% |
| Other Changes | €27.39 Million | +2.97% |
| Total Change | €- | 3.98% |
Book Value vs Market Value Analysis
This analysis compares Singapore Reinsurance Corporation Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.59x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.36x to 2.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €5.21 | €43.60 | x |
| 2018-12-31 | €8.66 | €43.60 | x |
| 2019-12-31 | €11.33 | €43.60 | x |
| 2020-12-31 | €14.09 | €43.60 | x |
| 2021-12-31 | €15.32 | €43.60 | x |
| 2022-12-31 | €16.33 | €43.60 | x |
| 2023-12-31 | €16.84 | €43.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Singapore Reinsurance Corporation Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.22%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.39x
- Recent ROE (0.14%) is below the historical average (14.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.06% | 20.75% | 0.14x | 3.21x | €-2.12 Million |
| 2014 | 7.62% | 17.06% | 0.14x | 3.08x | €-5.64 Million |
| 2015 | 4.96% | 11.95% | 0.14x | 2.93x | €-11.68 Million |
| 2016 | 47.57% | 42.43% | 0.69x | 1.61x | €72.05 Million |
| 2017 | 21.42% | 18.95% | 0.71x | 1.59x | €30.54 Million |
| 2018 | 24.50% | 27.14% | 0.42x | 2.16x | €65.69 Million |
| 2019 | 18.99% | 28.79% | 0.34x | 1.95x | €53.51 Million |
| 2020 | 17.04% | 24.39% | 0.35x | 2.02x | €52.46 Million |
| 2021 | 6.55% | 9.21% | 0.34x | 2.07x | €-28.16 Million |
| 2022 | 6.85% | 9.10% | 0.39x | 1.92x | €-27.91 Million |
| 2023 | 0.14% | 0.22% | 0.48x | 1.39x | €-90.84 Million |
Industry Comparison
This section compares Singapore Reinsurance Corporation Limited's net assets metrics with peer companies in the Other industry.
No peer company data available for comparison.