企業概要
Oxbridge Re Holdings Limited operates as a provider of specialty property and casualty reinsurance solutions, primarily underwriting collateralized reinsurance contracts for insurers in the United States Gulf Coast region. The company functions within the Financial Services sector, specifically the Insurance - Reinsurance industry, where it assumes risk on behalf of primary carriers while managing its own capital exposure. Its current scale is defined by a market capitalization of $6.13M and an annual revenue of $2.58M, supported by a minimal workforce of 4 employees. These valuation and revenue figures indicate that the entity functions as a micro-cap enterprise with a highly specialized niche focus, reflecting a business model that relies on specific regional risk exposure rather than broad market diversification.
財務健全性
The company reported a trailing twelve-month revenue of $2.58M alongside a net income of $-2,079,000 and an EBITDA of $-3,462,000, revealing a significant gap between top-line generation and bottom-line profitability due to substantial operating expenses or loss provisions. The free cash flow stands at $-4,596,375, which indicates a negative cash flow position that constrains the company's financial flexibility and limits its ability to fund operations or growth without external capital injection. Profitability metrics are severely impacted across the board, with a gross margin of -16.2%, an operating margin of -80.7%, and a profit margin of -80.7%, suggesting that core business activities are currently generating losses rather than value. The balance sheet presents a leveraged structure with total debt of $679,000 against available cash of $268,000, resulting in a debt-to-equity ratio of 11.36 that signals a high reliance on borrowed funds relative to shareholder equity. Despite the debt load, the current ratio of 5.67 suggests the company maintains a conservative approach to short-term liquidity, holding significantly more current assets than current liabilities. Return on equity is recorded at -41.2% and return on assets at -27.9%, metrics that reveal management has yet to generate returns sufficient to cover the capital employed or the cost of debt.
バリュエーション評価
Valuation multiples for Oxbridge Re Holdings Limited reflect its lack of profitability, as evidenced by a trailing P/E ratio that is N/A and a forward P/E of -37.82, implying that future earnings expectations are currently negative or that the market is pricing in significant turnaround risks. The price-to-book ratio of 0.98 indicates that the company's market valuation is slightly below its book value, suggesting the market does not currently apply a premium to its intangible assets or future growth prospects. Alternative valuation metrics such as a price-to-sales ratio of 2.38 and an EV/EBITDA of -1.84 further highlight the challenges in assessing value using standard income-based models, as the negative EBITDA prevents meaningful comparison with profitable peers. The stock price has exhibited significant volatility, trading between a 52-week high of $2.86 and a 52-week low of $0.70, with the current market price situated within this wide historical range. The beta of 2.22 indicates that the stock's price volatility is more than double that of the broader market, reflecting high sensitivity to market fluctuations and specific reinsurance sector risks.
Growth & Income
Revenue growth year-over-year is recorded at 36.5%, while earnings growth is N/A due to the reported net losses, illustrating a scenario where top-line expansion has not yet translated into profitable bottom-line results. As the company does not pay dividends, indicated by a dividend yield of N/A and a payout ratio of 0.0%, it retains earnings internally, although current losses preclude any meaningful reinvestment for growth at this stage. The overall growth and income profile is characterized by strong revenue expansion offset by deep losses and a complete absence of dividend income, creating a high-risk, high-volatility investment characteristic typical of distressed or turnaround micro-cap reinsurance firms.