Added to YB: 2025-12-26
Pitch date: 2025-12-22
CRE.L [neutral]
Conduit Holdings Limited
Author Info
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Company Info
Conduit Holdings Limited, through its subsidiary, provides reinsurance products and services worldwide.
Market Cap
GBP 792.6M
Pitch Price
N/A
Price Target
490.00 (+12761%)
Dividend
7.06%
EV/EBITDA
31.80
P/E
63.65
EV/Sales
0.71
Sector
Insurance
Category
value
Show full summary:
UK Smalls Update - Conduit Holdings Limited
CRE.L (update): Bermuda-based reinsurer founded 2021 targeting mid-teens ROE, derailed by CA wildfire/Ukraine losses. Activist Berstein calls for sale as 'cheapest quoted EU reinsurer.' Est. tangible book 490p/share; 15% ROE = 73p earnings for 5x P/E. 7% yield + daily buybacks.
Read full article (1 min)