Loading…
← CockpitCompetitor Analysis › CRE.L Conduit Holdings Ltd.Open in the cockpit ↗

Conduit Holdings Ltd.CRE.LCompetitor analysis, valuation and peers

United Kingdom · GBP·Financials›Specialty Insurance
Momentum neutral 49
Mkt cap
$895M
US dollars, full cap
Free float
77%
of shares outstanding
$/day
$2.61M
20-day average traded
P/B
0.79×
price to book
ROE
19.9%
delivered
Implied ROE
7.6%
what the price asks
Next earnings
110 days
24 Feb 2027
Close · GBP£451.00
1D-2.2%
1W+2.9%
1M+7.4%
3M+1.8%
6M+1.8%
YTD+14.9%
1Y+34.8%
ATR %2.8%
52w lowhigh7.1% off high

What Conduit does

Employees: 68

Conduit at a glance

Size Conduit (CRE.L) is a United Kingdom Financials company (Specialty Insurance) with a market value of $895M, the 226th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £451.00 on 6 Nov 2026.

Performance Over six months the shares gained 1.8%, against -2.1% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 2nd highest of 8 in its peer set.

Growth Revenue grew 3.6% over the last twelve months (peer median +1.5%); the operating margin is 21.0% (peer median 17.7%).

Valuation It trades at 0.79× book value against a peer median of 1.11× (3rd cheapest of 8).

Price implies The share price implies a return on equity of about 7.6%; Conduit delivers 19.9%, so the price asks less than the business earns today.

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

9510010511 May 202611 Aug 20266 Nov 2026CRE.L 100Peer median 96
Six months, rebased to 100: Conduit against the median of its 7 peers (local-currency closes).

Conduit financials

Reported figures in GBP; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue£752M£742M£688M£541M£331M
Revenue growth—+8%+27%+64%—
Net income£157M£88.6M£98.3M£153M-£35.6M
Free cash flow£352M£330M£361M£278M£182M
Capital expenditure£0£0£547,811£563,130£243,550
Total debtn/a£594,773£1.28M£1.80M£2.00M

Quarterly statements and history in the cockpit →

Conduit competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-20%-10%0%+10%HLITSUTIPTSTCITICCOFACRE.L6-month return →1-month return →
Up and to the right = strong over both horizons. Conduit is the large dot.

Fundamentals: return on equity against price-to-book

0%10%20%0.50×10×1.50×HLITSUTIPTSTCITICCOFAAGOCRE.LReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Conduit is the large dot.

Capital: ROE delivered against the ROE the price implies

0%10%20%0%10%20%HLITSUTIPTSTCITICCOFAAGOCRE.LROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Conduit is the large dot.

Conduit competitors and peer comparison

How Conduit compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Conduit against its 7 peers (data as of 6 Nov 2026)
MeasureCRE.LPeer medianRank in peer set
1-month return+7.4%-3.5%highest of 8
6-month return+1.8%-2.1%2nd highest of 8
Return on equity19.9%9.4%2nd highest of 8
Price / book0.79×1.11×3rd cheapest of 8
Trailing P/E4.5×10.8×cheapest of 7
ROE the price implies7.6%8.8%3rd least demanding of 8
ROE delivered19.9%9.4%2nd highest of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Conduit CRE.LUnited Kingdom$895M+2%+4%20%0.79×7.6%19.9%
Helia HLI.AXAustralia$942M+2%-8%22%1.53×11.8%22.1%
Trisura TSU.TOCanada$1,000M-31%+1%17%1.39×8.0%16.9%
Tiptree TIPTUnited States$639M+1%-99%-3%0.72×6.8%-2.6%
Stewart Information Services STCUnited States$1.43B-33%+21%8%0.86×9.0%7.7%
Investors Title ITICUnited States$484M+8%+9%15%1.69×11.3%14.6%
Coface COFA.PAFrance$2.65B-4%+1%9%1.11×8.8%9.4%
Assured Guaranty AGOUnited States$3.23B-2%+3%6%0.58×6.0%6.3%

Questions

Which companies are Conduit's closest peers?
The cockpit's peer set: Helia (HLI.AX), Trisura (TSU.TO), Tiptree (TIPT), Stewart Information Services (STC), Investors Title (ITIC), Coface (COFA.PA), Assured Guaranty (AGO).
Is Conduit expensive compared with its peers?
On price / book it trades at 0.79× against a peer median of 1.11×, 3rd cheapest of 8 in its peer set. The share price implies a return on equity of about 7.6%; Conduit delivers 19.9%, so the price asks less than the business earns today.
How has Conduit stock performed?
Over six months to 6 Nov 2026 the shares returned +1.8% against -2.1% for the median peer; over one year +34.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.