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FBD Holdings (EG7) Fair Value & Analysis

Financial Services · IE · Market cap €696M

FH FBD Holdings EG7 · IR
Price€17.20
Fair Value€15.15
Upside-11.9%
Quality65/100
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Mixed Growth
Thin margins · 9.3% net margin
Low debt · generates free cash flow
5.78% dividend yield
Mixed vs. peers (8/14)
Moderate moat 56/100
Evidence: High Range €11.36 – €18.94 Share as image

Fair value as of: Jul 26, 2026

From 4 valuation models · updated 15 days ago

Share price +4.6% over the past month.

A solid business, but screening 12% overvalued on our models.

What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from €11.36 (bear) to €18.94 (bull), base €15.15. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 65/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€17.30 €5.68 Fair Value €15.15 Mar 2021 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.

How to read this chart

60‑month range €5.68 – €17.30 · fair‑value band €11.36 – €18.94 · the €17.20 price screens above the €15.15 fair value. Dashed = 300-day average. As of Jul 26, 2026.

Full chart & analysis →

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Analysis

FBD Holdings (EG7) currently trades at €17.20, while our model-based Fair Value estimate is €15.15, implying the stock looks roughly 11.9% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, FBD Holdings generated revenue of €508M at a net margin of 9.3%. Revenue grew 10.0% year over year. It earns a return on equity of 9.8%. The balance sheet holds a net cash position of €110M. Fundamentals as of Jul 26, 2026

Our scenario range runs from €11.36 (bear case) to €18.94 (bull case); at €17.20, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 8% fair-value upside, at -12%, EG7 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income €9.71 €10.52 €12.55 76
P/E Multiple €11.36 €15.15 €18.94 63
P/B Multiple €12.38 €16.51 €20.64 55
All 4 models by family
Multiples
P/E Multiple €11.36 €15.15 €18.94 63
P/B Multiple €12.38 €16.51 €20.64 55
Asset-Based
NCAV (Graham) €5.90 €7.90 €11.79 50
Economic Profit
Residual Income €9.71 €10.52 €12.55 76

Widest divergence: Multiples (€15.15) versus Asset-Based (€7.90). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €508M
Revenue growth (YoY) +10.0%
Net margin 9.3%
Return on equity 9.8%
Free cash flow €47.8M FY2025
P/E ratio 13.5
More key figures
Operating margin 22.7%
EPS (TTM) €1.27
Dividend yield 5.8%
EPS growth (YoY) -17.9%
Net cash €110M FY2021

Figures from reported company fundamentals · as of Jul 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 63 · Market factors (momentum, volatility) 71

Profitability 36
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

FBD Holdings plc, through its subsidiaries, engages in the underwriting of general insurance to farmers, private individuals, and business owners in Ireland. It operates through two segments, General Insurance and Other Services. The company is involved in underwriting operations for motor and non-motor insurance portfolios.

Full company description

FBD Holdings plc, through its subsidiaries, engages in the underwriting of general insurance to farmers, private individuals, and business owners in Ireland. It operates through two segments, General Insurance and Other Services. The company is involved in underwriting operations for motor and non-motor insurance portfolios. It also provides car, home, travel, life and pensions, farm, and business insurance products; and investments and pension products. FBD Holdings plc was founded in 1969 and is headquartered in Dublin, Ireland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FBD Holdings reported revenue of €463M in FY2025 versus €357M in FY2021, a compound +6.7%/yr. Reported net income was €47.2M in FY2025, compounding −16.4%/yr from FY2021.

Growth Quality 65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€463M
Latest YoY
+11.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.7%
Avg. growth/yr (31Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+29.0%
Revenue +6.7%/yr
FY21 €357M
FY22 €333M
FY23 €364M
FY24 €413M
FY25 €463M
Net income −16.4%/yr
FY21 €96.4M
FY22 €64.5M
FY23 €69.5M
FY24 €67.2M
FY25 €47.2M
Character of growth · EPS growth decomposed (2006-2017) −17.7 % p.a.
Revenue per share −2.0 pp

of which total revenue −2.2 pp · buybacks/dilution +0.3 pp

EBIT margin −13.5 pp
Tax rate +0.1 pp
Residual (interest, one-offs) −2.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

EG7 screens 12% overvalued. Compare with The Progressive Corporation →

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Cite: Fair Value Calculator (2026). "FBD Holdings Fair Value". https://www.fairvalue-calculator.com/stock/EG7

Peer Group

Insurance - Property & Casualty · 120 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 67 · Top 25%
Fair Value upside −12% · Below median
Return on equity (TTM) 10% · Below median
Return on assets 4% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 23% · Top 25%
Revenue growth 10% · Above median
Dividend yield (TTM) 5.8% · Top 25%
Debt / equity 0.10× · Lower than median

Valuation Multiples vs Insurance - Property & Casualty median · lower = cheaper

P/E (TTM) 13.5× · Pricier than median
P/B 1.69× · Pricier than median
P/S (TTM) 1.59× · Pricier than 75% of peers
P/FCF 16.8× · Pricier than 75% of peers
EV/EBITDA 6.4× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 17 · sector 42
FUTURE 50 · sector 31
PAST 39 · sector 56
HEALTH 95 · sector 92
DIVIDEND 100 · sector 48

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Insurance - Property & Casualty stocks, each showing price versus our Fair Value estimate (as of Jul 26, 2026).

Stock Price Fair Value vs Fair Value
The Progressive Corporation PGR $234.48 $252.50 +8%
Chubb Limited CB $337.44 $345.56 +2%
The Travelers Companies, Inc TRV $368.98 $384.42 +4%
The Allstate Corporation ALL $251.61 $503.22 +100%
The People's Insurance Company 601319 ¥7.06 ¥13.71 +94%
Intact Financial Corporation IFC C$294.02 C$247.44 -16%
Fairfax Financial Holdings FFH C$2,327 C$3,252 +40%
QBE Insurance Group QBE A$25.47 A$19.42 -24%
Samsung Fire & Marine Insurance Co 000810 648,000 KRW 658,771 KRW +2%
Powszechny Zaklad Ubezpieczen SA PZU 69.80 PLN 100.85 PLN +44%

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Frequently asked questions

Is FBD Holdings (EG7) overvalued or undervalued?
As of Jul 26, 2026, our model estimates a fair value of €15.15 versus a price of €17.20, about −12% (overvalued).
What is the fair value of EG7?
Our model-based fair value for FBD Holdings is €15.15 (as of Jul 26, 2026), built from audited fundamentals. The current price is €17.20.
What is the quality score of EG7?
FBD Holdings has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of FBD Holdings (EG7)?
FBD Holdings reported trailing-twelve-month revenue of about €508M (latest available figure, as of Jul 26, 2026).
What is the net profit margin of EG7?
The net profit margin of FBD Holdings is about 9.3%, meaning it keeps roughly 9.3% of revenue as net income. Based on the latest reported figures.
Does FBD Holdings pay a dividend?
FBD Holdings currently shows a dividend yield of about 5.78% relative to its recent price (as of Jul 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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