Erie Indemnity Co
NASDAQ:ERIE
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Erie Indemnity Co
NASDAQ:ERIE
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Hecto Financial Co Ltd
KOSDAQ:234340
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TWSE:3543
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Intrinsic Value
The intrinsic value of Erie Indemnity Co (ERIE) under the Base Case is 278.452 USD per share.
Compared with the current market price of 251.785 USD, the stock appears
Undervalued by 10% .
The intrinsic value is calculated using the DCF method. The model assumes operating margin rises from 18% last year to 21% by 2031, higher than in any of the last six years. If operating margin stayed at its five-year average of 15%, the estimate would be about $205.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Erie Indemnity Does
Erie Indemnity Co. is the company that runs the business side of Erie Insurance Exchange, a property and casualty insurer. It does not sell insurance policies in the way a normal insurer does; instead, it handles the core work behind the scenes, including policy administration, underwriting support, billing, claims handling, and investment-related services for the exchange.
- Headquarters
- United States of America US
- Employees
- 6 667
- IPO date
- Oct 2, 1995
Erie Indemnity has a narrow economic moat
Erie Indemnity is appointed to act on behalf of policyholders in the Erie Insurance Exchange and runs key operations such as issuing and renewing policies. Replacing it would require moving these operations and related agreements to another provider, which could be difficult in a reciprocal insurance structure.
Read the full moat analysis
Revenue & Expenses Breakdown
Erie Indemnity Co
Earnings Waterfall
Erie Indemnity Co
The intrinsic value for Erie Indemnity Co (ERIE) under the Base Case is 278.452 USD.
Compared with the current market price of 251.785 USD, the stock appears Undervalued by 10% .