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Root Inc

Financial Services US ROOT

43.36USD
-0.45(1.03%)

Last update at 2024-08-30T20:00:00Z

Day Range

42.0044.78
LowHigh

52 Week Range

4.6686.57
LowHigh

Fundamentals

  • Previous Close 43.81
  • Market Cap828.18M
  • Volume150965
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-54.30000M
  • Revenue TTM639.80M
  • Revenue Per Share TTM44.12
  • Gross Profit TTM -40.20000M
  • Diluted EPS TTM-7.8

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -297.70000M -521.10000M -363.00000M -282.40000M -69.10000M
Minority interest - - - - -
Net income 6.20M -521.10000M -363.00000M -282.40000M -69.10000M
Selling general administrative 127.40M 97.60M 78.50M 43.00M 9.30M
Selling and marketing expenses 48.00M 270.20M 139.70M 109.60M 40.30M
Gross profit 310.80M 345.40M 346.80M 290.20M 43.30M
Reconciled depreciation 13.80M 16.60M 15.60M 4.90M 0.60M
Ebit -263.10000M -527.90000M -363.00000M -282.40000M -68.20000M
Ebitda -249.30000M -511.30000M -347.40000M -277.50000M -67.60000M
Depreciation and amortization 13.80M 16.60M 15.60M 4.90M 0.60M
Non operating income net other - -15.90000M - - -
Operating income -263.10000M -527.90000M -363.00000M -282.40000M -68.20000M
Other operating expenses 608.50M 866.50M 709.80M 572.60M 112.40M
Interest expense 34.60M 20.00M 77.70M 22.30M 0.90M
Tax provision 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Interest income 8.10M 3.50M 5.90M 5.60M 1.30M
Net interest income -34.60000M -20.00000M -77.70000M -22.30000M -0.90000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -303.90000M 20.00M -368.40000M 22.30M -
Total revenue 310.80M 345.40M 346.80M 290.20M 43.30M
Total operating expenses 573.90M -873.30000M -709.80000M -572.60000M -111.50000M
Cost of revenue - - - - -
Total other income expense net -34.60000M 6.80M -77.70000M -22.30000M -0.90000M
Discontinued operations - - - - -
Net income from continuing ops -297.70000M -521.10000M -363.00000M -282.40000M -69.10000M
Net income applicable to common shares -297.70000M -521.10000M -363.00000M -282.40000M -69.10000M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1174.20M 1312.90M 1319.30M 1762.30M 728.60M
Intangible assets 29.40M - - - -
Earning assets - - - - -
Other current assets 953.10M 149.80M -280.20000M 125.80M 50.20M
Total liab 896.50M 1035.80M 130.70M 729.90M 1102.60M
Total stockholder equity 277.70M 277.10M 536.40M 1032.40M -374.00000M
Deferred long term liab - - - - -
Other current liab 101.20M -119.80000M -130.70000M -137.10000M -55.50000M
Common stock - - -112.00000M -1237.50000M -0.10000M
Capital stock 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Retained earnings -1715.20000M -1567.80000M -1270.10000M -748.00000M -385.00000M
Other liab - 321.90M 360.10M 247.50M 149.10M
Good will - - - - -
Other assets 250.70M 300.20M 40.10M -62.30000M -66.90000M
Cash 679.70M 762.10M 706.00M 1112.80M 391.70M
Cash and equivalents - - - - -
Total current liabilities 224.20M 39.70M 130.70M 137.10M 55.50M
Current deferred revenue - - - - -
Net debt -380.40000M -466.70000M -706.00000M -934.80000M -220.70000M
Short term debt 3.00M - - 188.00M -
Short long term debt - - - - 0.00000M
Short long term debt total 299.30M 295.40M 292.30M 178.00M 171.00M
Other stockholder equity 1883.40M 1738.70M 1694.10M 537.30M 10.40M
Property plant equipment - 9.80M 15.40M 8.90M 10.20M
Total current assets 953.10M 874.40M 1139.00M 1591.70M 662.50M
Long term investments 166.80M 133.20M 134.60M 224.00M 122.80M
Net tangible assets - 389.10M 648.40M 1013.90M -380.60000M
Short term investments 26.30M 128.80M 129.90M 224.00M 122.80M
Net receivables 372.40M 260.70M 303.10M 254.90M 148.00M
Long term debt 291.10M 295.40M - 178.00M 171.00M
Inventory -926.70000M - - - -
Accounts payable 120.00M 159.50M 130.70M 137.10M 55.50M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -2.50000M -5.80000M 0.40M 5.60M 0.60M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - -1567.80000M -1270.10000M -748.00000M -
Treasury stock - - - -0.80000M -
Accumulated amortization - - - - -
Non currrent assets other 210.40M 4.00M -140.20000M -232.90000M -133.00000M
Deferred long term asset charges - - - - -
Non current assets total 221.10M 138.30M 140.20M 232.90M 133.00M
Capital lease obligations - - - - -
Long term debt total - 295.40M - 188.20M -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -6.50000M 88.10M -114.10000M -114.00000M -17.10000M
Change to liabilities 1.00M 26.60M 29.90M 117.30M 54.00M
Total cashflows from investing activities -16.60000M 76.90M -114.10000M -114.00000M -20.60000M
Net borrowings 286.00M 199.50M -1.50000M 174.00M 174.00M
Total cash from financing activities 283.30M -80.30000M 1098.50M 535.50M 150.90M
Change to operating activities 19.20M 88.20M -54.60000M 98.70M 21.70M
Net income -297.70000M -521.10000M -363.00000M -282.40000M -69.10000M
Change in cash 56.10M -406.80000M 697.20M 294.30M 104.20M
Begin period cash flow 707.00M 1113.80M 416.60M 122.30M 18.10M
End period cash flow 763.10M 707.00M 1113.80M 416.60M 122.30M
Total cash from operating activities -210.60000M -403.40000M -287.20000M -127.20000M -26.10000M
Issuance of capital stock 0.00000M 126.50M 1098.10M 350.00M 150.80M
Depreciation 13.80M 16.60M 15.60M 4.90M 0.60M
Other cashflows from investing activities -10.10000M -6.60000M -14.30000M - -
Dividends paid - 126.50M - - -
Change to inventory - - - - -
Change to account receivables 25.00M -70.10000M -130.50000M -105.90000M -48.90000M
Sale purchase of stock -3.00000M -10.50000M -0.20000M - 0.00000M
Other cashflows from financing activities 289.30M 129.70M 14.10M 551.00M 150.90M
Change to netincome 44.50M 52.20M 115.90M 31.00M 0.40M
Capital expenditures 10.10M 11.20M 16.10M 12.10M 3.50M
Change receivables 51.60M -58.10000M -225.90000M - -
Cash flows other operating -23.80000M 80.40M 123.50M - -
Exchange rate changes - - - - -
Cash and cash equivalents changes 56.10M -406.80000M 697.20M - -
Change in working capital 12.30M 52.30M -55.70000M 120.10M 42.00M
Stock based compensation 30.50M 19.30M 3.70M 1.40M 0.10M
Other non cash items 30.50M 15.90M 25.10M 19.80M 0.30M
Free cash flow -220.70000M -414.60000M -303.30000M -139.30000M -29.60000M

Peer Comparison

Sector: Financial Services Industry: Insurance - Property & Casualty

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ROOT
Root Inc		 -0.45 1.03% 43.36 - 4.41 2.14 5.87 1.28 -
PGR
Progressive Corp		 2.19 0.88% 252.20 34.22 20.33 1.55 5.46 1.70 -
CB
Chubb Ltd		 2.20 0.78% 284.18 12.92 10.49 1.85 1.73 2.18 -
TKOMF
Tokio Marine Holdings Inc.		 -2.16 5.70% 35.73 14.81 10.00 0.0069 1.59 0.0064 -
TKOMY
Tokio Marine Holdings Inc		 0.25 0.66% 37.90 14.42 10.09 0.007 1.61 0.0064 -

Reports Covered

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Profile

Root, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. It operates a direct-to-consumer model; and serves customers primarily through mobile applications, as well as through its website. The company's direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. Root, Inc. was incorporated in 2015 and is headquartered in Columbus, Ohio.

Root Inc

80 East Rich Street, Columbus, OH, United States, 43215

Key Executives

Name Title Year Born
Mr. Alexander Edward Timm Co-Founder, CEO & Director 1989
Mr. Daniel Craig Manges Co-Founder & Advisor 1985
Mr. Daniel Harris Rosenthal Chief Revenue & Operating Officer & Director 1975
Mr. Jonathan Alexander Allison Chairman & Gen. Counsel NA
Mr. Robert Harold Bateman Jr. Chief Financial Officer 1967
Megan Binkley Chief Accounting Officer NA
Mr. Matt Bonakdarpour Chief Technology Officer 1987
Ms. Christine Patrick VP of Investor Relations NA
Mr. Tom Kuhn Director of External Communications NA
Ms. Michele Streitmatter Chief People & Organizational Effectiveness Officer NA

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