Scor SE

Scor SE maintains a debt-to-equity ratio of 0.81, indicating a relatively balanced capital structure with moderate leverage. The company's liquidity position is assessed as medium, with free cash flow of 560 million EUR and cash and equivalents of 1,187 million EUR, but net cash is negative after subtracting total debt. This suggests potential pressure on liquidity if short-term obligations increase. Profitability metrics show a return on equity (ROE) of 19.22%, which is strong relative to the reinsurance industry's typical ROE of 10-15%. However, the return on assets (ROA) of 2.36% is below the industry median of 3.5%, indicating that asset utilization is suboptimal. The company's operating income of 1.32 billion EUR and net income of 851 million EUR reflect solid underwriting performance, but ROA suggests inefficiencies in asset deployment. Geographic and segment exposure is not explicitly detailed in the available data, but Scor SE operates globally, with a focus on property and casualty reinsurance. Revenue concentration is not disclosed, but the company's exposure to catastrophe risk and regulatory changes in key markets like the U.S. and Europe are notable. Growth trajectory is stable, with no specific revenue growth rates provided in the input data. However, the company's operating cash flow of 1.17 billion EUR and free cash flow of 560 million EUR suggest capacity for reinvestment or shareholder returns. The capital expenditure of -39 million EUR indicates minimal CAPEX requirements, typical for a reinsurance business. Risk factors include medium liquidity risk due to the negative net cash position and a debt-to-equity ratio that, while not excessive, leaves room for further leverage. Dilution risk is assessed as low, with no near-term pressure from share issuance or convertible debt. The company's risk assessment does not flag significant dilution potential in the next 12 months. Recent events include analyst price targets ranging from 27.50 EUR to 37.90 EUR, with a mean of 33.18 EUR and a median of 34.00 EUR. The mean recommendation of 2.19 (on a 1-5 scale) suggests a generally positive outlook, with 9 "buy" ratings and 5 "hold" ratings.