Conduit Holdings Ltd (CRE) AI Stock Analysis

• Market Cap: £526.57M
• Dividend Yield: 7.81%
• Average Volume (3M): 608.53K
• Price to Earnings (P/E): 48.3
• Beta (1Y): 0.98
• Revenue Growth: 15.83%
• EPS Growth: -93.41%
• Country: UK
• Employees: 65
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Reinsurance
• EPS (TTM): 0.07
• Shares Outstanding: 164,745,670
• 10 Day Avg. Volume: 432,755
• 30 Day Avg. Volume: 608,534
• PEG Ratio: -0.22
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 1.23
• P/FCF Ratio: 2.26
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £446.67
• Price Target Upside: 28.35% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 70 Outperform
• Price Target: 373.00p ▲(7.18% Upside)

Conduit Holdings Ltd's strong financial performance and robust cash flow management are key strengths, supporting a solid overall stock score. However, the high P/E ratio suggests potential overvaluation, which is a significant risk. The technical indicators show a neutral trend, adding some uncertainty to the stock's short-term outlook. The attractive dividend yield provides a positive offset to valuation concerns.

Conduit Holdings Ltd Business Overview & Revenue Model

Company Description

Conduit Holdings Limited, together with its subsidiaries, engages in the reinsurance business in Bermuda and internationally. It underwrites property, casualty, and specialty reinsurance products. The company was incorporated in 2020 and is based in Hamilton, Bermuda.

How the Company Makes Money

Conduit Holdings Ltd generates revenue primarily through the sale of insurance and reinsurance products. The company's revenue model is built on underwriting premiums collected from policyholders for the coverage provided. Key revenue streams include direct insurance premiums from clients seeking coverage for specific risks, as well as reinsurance premiums from insurance companies that transfer portions of their risk to Conduit. Additionally, the company may earn investment income from managing the premiums collected before claims are paid out, utilizing these funds to invest in various financial instruments. Strategic partnerships with brokers and other insurance providers also enhance its market reach, facilitating access to a broader client base, which further contributes to its earnings.

Conduit Holdings Ltd Financial Statement Overview

Summary

Conduit Holdings Ltd demonstrates strong financial performance with significant revenue growth and improved profitability. The balance sheet solidifies the company's stability with a high equity ratio and low leverage. Cash flows are robust, reflecting efficient cash management despite fluctuations in investing activities. The company is well-positioned for future growth, though attention to income variability and liquidity is advised.

Income Statement

Conduit Holdings Ltd has shown impressive revenue growth, with a significant increase from $200,000 in 2020 to $746.3 million in 2024. The gross profit margin remains strong, and the company has turned from a net loss to a net profit of $125.6 million in 2024, indicating robust financial health and improving profitability. The absence of EBIT in 2024 is offset by a healthy EBITDA margin, reflecting strong operational performance. However, the drop in net income from 2023 to 2024 is a concern.

Balance Sheet

The company maintains a solid equity base with a high equity ratio and low debt-to-equity ratio, indicating strong financial stability. The increase in total assets and stockholders' equity over the years demonstrates growth and resilience. However, the slight increase in total liabilities and a decrease in cash equivalents suggest potential liquidity management challenges.

Cash Flow

Conduit Holdings Ltd has exhibited strong cash flow management, with consistent free cash flow generation and substantial growth in operating cash flow. The free cash flow to net income ratio remains healthy, underscoring efficient cash conversion. However, fluctuations in investing cash flow could indicate variable investment activities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	792.60M	746.30M	602.30M	311.80M	190.60M	400.00K
Gross Profit	792.60M	746.30M	594.10M	311.80M	131.50M	400.00K
EBITDA	129.20M	127.90M	192.70M	-36.10M	-41.40M	-4.70M
Net Income	14.00M	125.60M	190.80M	-43.90M	-42.00M	-4.60M
Balance Sheet
Total Assets	2.09B	1.91B	1.50B	1.57B	1.33B	1.06B
Cash, Cash Equivalents and Short-Term Investments	227.70M	313.20M	199.80M	112.90M	67.50M	1.05B
Total Debt	1.20M	1.60M	2.30M	2.40M	2.90M	11.00K
Total Liabilities	1.08B	855.00M	508.80M	754.00M	353.60M	11.00K
Stockholders Equity	1.01B	1.05B	987.40M	814.40M	981.20M	1.05B
Cash Flow
Free Cash Flow	356.30M	406.60M	308.70M	202.90M	47.30M	-3.30M
Operating Cash Flow	356.40M	407.30M	309.40M	203.20M	48.70M	-3.10M
Investing Cash Flow	-330.70M	-219.70M	-148.70M	-77.90M	-1.01B	-100.00K
Financing Cash Flow	-65.80M	-69.70M	-73.80M	-79.80M	-30.00M	1.06B

Conduit Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 348.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CRE, the sentiment is Positive. The current price of 348 is below the 20-day moving average (MA) of 349.05, above the 50-day MA of 321.04, and above the 200-day MA of 347.10, indicating a neutral trend. The MACD of 6.10 indicates Positive momentum. The RSI at 56.47 is Neutral, neither overbought nor oversold. The STOCH value of 48.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CRE.

Conduit Holdings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LRE	―	£1.62B	8.96	15.18%	11.31%	8.78%	-38.83%
BEZ	―	£5.49B	7.78	22.59%	2.69%	6.00%	-24.29%
IGG	―	£3.83B	10.53	20.39%	4.24%	9.46%	32.24%
HSX	―	£4.54B	10.14	16.60%	1.96%	1.12%	-18.14%
CRE	―	£526.57M	48.34	1.39%	7.81%	15.83%	-93.41%
Sector *	―	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
DLG	―	―	―	―	―	26.11%	-29.43%

Conduit Holdings Ltd Corporate Events

Conduit Holdings to Release Q3 2025 Trading Update

Conduit Holdings Limited announced it will release its Q3 2025 trading update on November 5, 2025. The company will host virtual presentations for analysts, investors, and retail investors, providing opportunities for questions and answers. These events aim to engage stakeholders and provide insights into the company’s performance, though no new financial information will be disclosed during these sessions.

The most recent analyst rating on (GB:CRE) stock is a Buy with a £381.00 price target. To see the full list of analyst forecasts on Conduit Holdings Ltd stock, see the GB:CRE Stock Forecast page.