Pomanda estimates the enterprise value of HDI REINSURANCE (IRELAND) SE at €3.2b based on a Turnover of €2.5b and 1.29x industry multiple (adjusted for size and gross margin).
hdi reinsurance (ireland) seEstimated Valuation
€2.2b
Pomanda estimates the enterprise value of HDI REINSURANCE (IRELAND) SE at €2.2b based on an EBITDA of €157m and a 14.18x industry multiple (adjusted for size and gross margin).
hdi reinsurance (ireland) seEstimated Valuation
€681m
Pomanda estimates the enterprise value of HDI REINSURANCE (IRELAND) SE at €681m based on Net Assets of €415.7m and 1.64x industry multiple (adjusted for liquidity).
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Hdi Reinsurance (ireland) SeOverview
Hdi Reinsurance (ireland) Se is a live company located in 27 mount street lower. It operates in the non-life insurance sector, SIC Code 65120. Founded in February 2009, it's largest shareholder is
hdi global se
with a 100% stake. Hdi Reinsurance (ireland) Se is a established,
mega sized company, Pomanda has estimated its turnover at
€2.5b with
rapid
growth in recent years.
Pomanda's financial health check has awarded Hdi Reinsurance (Ireland) Se a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
2 Regular
5 Weak
Size
annual sales of €2.5b, make it larger than the average company (€2.1m)
€2.5b - Hdi Reinsurance (ireland) Se
€2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (8.7%)
51% - Hdi Reinsurance (ireland) Se
8.7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Hdi Reinsurance (ireland) Se
100% - Industry AVG
Profitability
an operating margin of 6.3% make it less profitable than the average company (17.5%)
6.3% - Hdi Reinsurance (ireland) Se
17.5% - Industry AVG
Employees
with 9 employees, this is below the industry average (26)
9 - Hdi Reinsurance (ireland) Se
26 - Industry AVG
Pay Structure
on an average salary of €187.1k, the company has a higher pay structure (€65.3k)
€187.1k - Hdi Reinsurance (ireland) Se
€65.3k - Industry AVG
Efficiency
resulting in sales per employee of €278.3m, this is more efficient (€163.8k)
€278.3m - Hdi Reinsurance (ireland) Se
€163.8k - Industry AVG
Debtor Days
it gets paid by customers after 218 days, this is near the average (216 days)
218 days - Hdi Reinsurance (ireland) Se
216 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Hdi Reinsurance (ireland) Se
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hdi Reinsurance (ireland) Se
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 6 weeks, this is less cash available to meet short term requirements (18 weeks)
6 weeks - Hdi Reinsurance (ireland) Se
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.8%, this is a higher level of debt than the average (81.5%)
91.8% - Hdi Reinsurance (ireland) Se
81.5% - Industry AVG
HDI REINSURANCE (IRELAND) SE financials
EXPORT
Hdi Reinsurance (Ireland) Se's latest turnover from December 2023 is €2.5 billion and the company has net assets of €415.7 million. According to their latest financial statements, Hdi Reinsurance (Ireland) Se has 9 employees and maintains cash reserves of €68.3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Turnover
2,504,967,000
2,119,631,000
999,838,000
733,715,000
540,504,000
447,375,000
330,867,000
337,879,000
Other Income Or Grants
Cost Of Sales
2,407,921
10,400,964
Gross Profit
2,504,967,000
2,119,631,000
999,838,000
733,715,000
540,504,000
447,375,000
328,459,079
327,478,036
Admin Expenses
2,348,071,916
2,072,604,106
954,193,918
728,961,192
507,377,766
402,694,434
313,472,596
305,423,253
Operating Profit
156,895,084
47,026,894
45,644,082
4,753,808
33,126,234
44,680,566
14,986,483
22,054,783
Interest Payable
8,992,500
Interest Receivable
1,558,575
1,331,460
132,748
42,046
293,828
241,965
68,455
18,968
Pre-Tax Profit
148,494,000
37,296,000
35,637,000
2,779,000
29,063,000
39,711,000
12,131,000
19,325,000
Tax
-18,562,000
-5,016,000
-4,455,000
-347,000
-3,633,000
-4,964,000
-1,516,000
-2,416,000
Profit After Tax
129,932,000
32,280,000
31,182,000
2,432,000
25,430,000
34,747,000
10,615,000
16,909,000
Dividends Paid
10,000,000
10,000,000
7,500,000
Retained Profit
119,932,000
32,280,000
31,182,000
2,432,000
15,430,000
27,247,000
10,615,000
16,909,000
Employee Costs
1,684,000
1,411,000
1,371,000
1,328,000
1,393,000
1,357,000
1,219,000
1,315,000
Number Of Employees
9
8
8
8
9
10
9
8
EBITDA*
157,009,084
47,107,894
45,649,082
4,758,808
33,134,234
44,690,566
14,987,483
22,063,783
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Tangible Assets
3,391,267,000
2,428,934,000
102,621,000
155,571,000
90,916,000
36,324,000
89,064,000
99,283,000
Intangible Assets
310,000
381,000
533,000
391,000
186,000
313,000
446,000
571,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
3,391,577,000
2,429,315,000
103,154,000
155,962,000
91,102,000
36,637,000
89,510,000
99,854,000
Stock & work in progress
Trade Debtors
1,497,657,000
1,149,603,000
325,717,000
295,140,000
286,061,000
83,495,000
79,469,000
46,240,000
Group Debtors
Misc Debtors
Cash
68,332,000
70,208,000
48,144,000
58,054,000
26,038,000
52,316,000
12,208,000
15,174,000
misc current assets
1,730,541,000
1,228,267,000
1,153,989,000
933,277,000
767,508,000
679,491,000
total current assets
1,666,004,000
1,293,743,000
2,104,402,000
1,582,729,000
1,467,382,000
1,069,088,000
860,295,000
743,374,000
total assets
5,057,581,000
3,723,058,000
2,207,556,000
1,738,691,000
1,558,484,000
1,105,725,000
949,805,000
843,228,000
Bank overdraft
218,000,000
30,000,000
30,000,000
30,000,000
30,000,000
30,000,000
Bank loan
Trade Creditors
515,415,000
412,884,000
552,000
59,295,000
74,960,000
1,003,000
334,000
292,000
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
520,856,000
415,949,000
220,243,000
90,469,000
106,134,000
32,395,000
31,508,000
31,466,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
4,120,987,000
3,107,957,000
1,631,163,000
1,374,110,000
1,183,917,000
849,752,000
707,671,000
614,975,000
total liabilities
4,641,843,000
3,523,906,000
1,851,406,000
1,464,579,000
1,290,051,000
882,147,000
739,179,000
646,441,000
net assets
415,738,000
199,152,000
3,606,742,000
3,010,844,000
2,625,693,000
1,920,914,000
1,619,716,000
1,421,407,000
total shareholders funds
415,738,000
199,152,000
356,150,000
274,112,000
268,433,000
223,578,000
210,626,000
196,787,000
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Operating Activities
Operating Profit
156,895,084
47,026,894
45,644,082
4,753,808
33,126,234
44,680,566
14,986,483
22,054,783
Depreciation
114,000
81,000
5,000
5,000
8,000
10,000
1,000
9,000
Amortisation
Tax
-18,562,000
-5,016,000
-4,455,000
-347,000
-3,633,000
-4,964,000
-1,516,000
-2,416,000
Stock
Debtors
348,054,000
823,886,000
30,577,000
9,079,000
202,566,000
4,026,000
33,229,000
46,240,000
Creditors
102,531,000
412,332,000
-58,743,000
-15,665,000
73,957,000
669,000
42,000
292,000
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
-107,075,916
-369,462,106
-48,125,918
-20,332,192
-99,107,766
36,369,566
-19,715,517
-26,300,217
Investing Activities
capital expenditure
-962,376,000
-2,326,242,000
52,803,000
-64,865,000
-54,473,000
52,863,000
10,343,000
-99,863,000
Change in Investments
cash flow from investments
-962,376,000
-2,326,242,000
52,803,000
-64,865,000
-54,473,000
52,863,000
10,343,000
-99,863,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
96,654,000
-189,278,000
50,856,000
3,247,000
29,425,000
-14,295,000
3,224,000
179,878,000
interest
1,558,575
-7,661,040
132,748
42,046
293,828
241,965
68,455
18,968
cash flow from financing
98,212,575
-196,939,040
50,988,748
3,289,046
29,718,828
-14,053,035
3,292,455
179,896,968
cash and cash equivalents
cash
-1,876,000
22,064,000
-9,910,000
32,016,000
-26,278,000
40,108,000
-2,966,000
15,174,000
overdraft
-218,000,000
188,000,000
30,000,000
change in cash
-1,876,000
240,064,000
-197,910,000
32,016,000
-26,278,000
40,108,000
-2,966,000
-14,826,000
hdi reinsurance (ireland) se Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for hdi reinsurance (ireland) se. Get real-time insights into hdi reinsurance (ireland) se's credit score, group structure and payment trends.
Perform a competitor analysis for hdi reinsurance (ireland) se by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in Region Area area or any other competitors across 12 key performance metrics.
hdi reinsurance (ireland) se Ownership
HDI REINSURANCE (IRELAND) SE group structure
Hdi Reinsurance (Ireland) Se has no subsidiary companies.
Ultimate parent company
HDI HAFTPFLICHTVERBAND DER DEUTSCHEN IND
#0044015
HDI GLOBAL SE
#0124149
2 parents
HDI REINSURANCE (IRELAND) SE
IE467751
HDI REINSURANCE (IRELAND) SE Shareholders
The sole shareholder of Hdi Reinsurance (Ireland) Se is Hdi Global Se.
hdi global se
100%
hdi reinsurance (ireland) se directors
Hdi Reinsurance (Ireland) Se currently has 10 directors.
The longest serving directors include
RAINER MICHAEL FISCHER (Oct 2012) and
MICHAEL BAST (Jun 2017).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
415.7m
+1.09%
total assets
5.1b
+0.36%
cash
68.3m
-0.03%
net assets
Total assets minus all liabilities
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hdi reinsurance (ireland) se company details
company number
IE467751
Type
SOCIETAS EUROPAEA - NEW INCORPORATION
industry
65120 - Non-life insurance
incorporation date
February 2009
age
16
incorporated
IE
ultimate parent company
HDI HAFTPFLICHTVERBAND DER DEUTSCHEN IND
accounts
Full Accounts
last accounts submitted
December 2023
previous names
talanx reinsurance (ireland) se (May 2017)
talanx reinsurance (ireland) public limited company (May 2016)
See more
accountant
-
auditor
PRICEWATERHOUSECOOPERS
address
hampton house, 27 mount street lower, dublin 2 dublin ireland
Bank
ULSTER BANK LTD
Legal Advisor
WILLIAM FRY
hdi reinsurance (ireland) se Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to hdi reinsurance (ireland) se.
hdi reinsurance (ireland) se Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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hdi reinsurance (ireland) seCompanies House Filings - See Documents
