BALDWIN INSURANCE GROUP INC/ (BWIN) Stock Fundamental Analysis
NASDAQ:BWIN - Nasdaq - US05589G1022 - Common Stock - Currency: USD
Overall BWIN gets a fundamental rating of 3 out of 10. We evaluated BWIN against 143 industry peers in the Insurance industry. BWIN may be in some trouble as it scores bad on both profitability and health. BWIN shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
In the past year BWIN was profitable.
BWIN had a positive operating cash flow in the past year.
In the past 5 years BWIN always reported negative net income.
In multiple years BWIN reported negative operating cash flow during the last 5 years.
1.2 Ratios
BWIN has a worse Return On Assets (-0.91%) than 84.62% of its industry peers.
BWIN's Return On Equity of -5.19% is on the low side compared to the rest of the industry. BWIN is outperformed by 87.41% of its industry peers.
With a Return On Invested Capital value of 2.49%, BWIN perfoms like the industry average, outperforming 51.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.91% | ||
| ROE | -5.19% | ||
| ROIC | 2.49% |
ROA(3y)-1.49%
ROA(5y)N/A
ROE(3y)-9.05%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
BWIN has a Operating Margin of 5.79%. This is in the lower half of the industry: BWIN underperforms 70.63% of its industry peers.
Looking at the Gross Margin, with a value of 27.30%, BWIN belongs to the top of the industry, outperforming 88.11% of the companies in the same industry.
BWIN's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.79% | ||
| PM (TTM) | N/A | ||
| GM | 27.3% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.47%
GM growth 5YN/A
2. Health
2.1 Basic Checks
BWIN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
BWIN has more shares outstanding than it did 1 year ago.
Compared to 1 year ago, BWIN has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.43, we must say that BWIN is in the distress zone and has some risk of bankruptcy.
BWIN has a better Altman-Z score (1.43) than 83.92% of its industry peers.
BWIN has a Debt/Equity ratio of 2.41. This is a high value indicating a heavy dependency on external financing.
BWIN's Debt to Equity ratio of 2.41 is on the low side compared to the rest of the industry. BWIN is outperformed by 90.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.41 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.43 |
ROIC/WACC0.29
WACC8.47%
2.3 Liquidity
BWIN has a Current Ratio of 1.13. This is a normal value and indicates that BWIN is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of BWIN (1.13) is better than 81.82% of its industry peers.
A Quick Ratio of 1.13 indicates that BWIN should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.13, BWIN belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 26.19% over the past year.
BWIN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.83% yearly.
Looking at the last year, BWIN shows a quite strong growth in Revenue. The Revenue has grown by 13.99% in the last year.
The Revenue has been growing by 34.78% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)26.19%
EPS 3Y23.83%
EPS 5YN/A
EPS Q2Q%16.07%
Revenue 1Y (TTM)13.99%
Revenue growth 3Y34.78%
Revenue growth 5YN/A
Sales Q2Q%8.69%
3.2 Future
Based on estimates for the next years, BWIN will show a very strong growth in Earnings Per Share. The EPS will grow by 23.85% on average per year.
Based on estimates for the next years, BWIN will show a quite strong growth in Revenue. The Revenue will grow by 14.05% on average per year.
EPS Next Y21.21%
EPS Next 2Y23.85%
EPS Next 3Y23.85%
EPS Next 5YN/A
Revenue Next Year10.99%
Revenue Next 2Y12.51%
Revenue Next 3Y13.68%
Revenue Next 5Y14.05%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 25.56, BWIN can be considered very expensive at the moment.
BWIN's Price/Earnings ratio is a bit more expensive when compared to the industry. BWIN is more expensive than 71.33% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.04, BWIN is valued at the same level.
A Price/Forward Earnings ratio of 17.66 indicates a rather expensive valuation of BWIN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BWIN indicates a slightly more expensive valuation: BWIN is more expensive than 67.13% of the companies listed in the same industry.
BWIN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.64.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.56 | ||
| Fwd PE | 17.66 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BWIN indicates a slightly more expensive valuation: BWIN is more expensive than 68.53% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 32.29 |
4.3 Compensation for Growth
BWIN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
BWIN's earnings are expected to grow with 23.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.21
PEG (5Y)N/A
EPS Next 2Y23.85%
EPS Next 3Y23.85%
5. Dividend
5.1 Amount
BWIN does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
40.64
+0.37 (+0.92%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners104.16%
Inst Owner ChangeN/A
Ins Owners0.99%
Ins Owner Change-3.64%
Market Cap4.82B
Analysts78.75
Price Target48.81 (20.1%)
Short Float %8.54%
Short Ratio8.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.46%
Min EPS beat(2)-1.11%
Max EPS beat(2)4.03%
EPS beat(4)2
Avg EPS beat(4)-0.26%
Min EPS beat(4)-5.25%
Max EPS beat(4)4.03%
EPS beat(8)5
Avg EPS beat(8)3.39%
EPS beat(12)8
Avg EPS beat(12)3.5%
EPS beat(16)10
Avg EPS beat(16)5.73%
Revenue beat(2)0
Avg Revenue beat(2)-2.01%
Min Revenue beat(2)-3.04%
Max Revenue beat(2)-0.97%
Revenue beat(4)0
Avg Revenue beat(4)-2.21%
Min Revenue beat(4)-4.36%
Max Revenue beat(4)-0.45%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.76%
PT rev (3m)-2.05%
EPS NQ rev (1m)-1.06%
EPS NQ rev (3m)-3.53%
EPS NY rev (1m)-0.21%
EPS NY rev (3m)-1.49%
Revenue NQ rev (1m)-0.27%
Revenue NQ rev (3m)-1.37%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)-0.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.56 | ||
| Fwd PE | 17.66 | ||
| P/S | 3.39 | ||
| P/FCF | N/A | ||
| P/OCF | 136.55 | ||
| P/B | 7.77 | ||
| P/tB | N/A | ||
| EV/EBITDA | 32.29 |
EPS(TTM)1.59
EY3.91%
EPS(NY)2.3
Fwd EY5.66%
FCF(TTM)-0.06
FCFYN/A
OCF(TTM)0.3
OCFY0.73%
SpS12
BVpS5.23
TBVpS-14.6
PEG (NY)1.21
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.91% | ||
| ROE | -5.19% | ||
| ROCE | 3.15% | ||
| ROIC | 2.49% | ||
| ROICexc | 2.57% | ||
| ROICexgc | 35.47% | ||
| OM | 5.79% | ||
| PM (TTM) | N/A | ||
| GM | 27.3% | ||
| FCFM | N/A |
ROA(3y)-1.49%
ROA(5y)N/A
ROE(3y)-9.05%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.47%
GM growth 5YN/A
F-Score6
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.41 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.74 | ||
| Cap/Depr | 38.4% | ||
| Cap/Sales | 2.99% | ||
| Interest Coverage | 0.85 | ||
| Cash Conversion | 18.25% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 | ||
| Altman-Z | 1.43 |
F-Score6
WACC8.47%
ROIC/WACC0.29
Cap/Depr(3y)30.38%
Cap/Depr(5y)N/A
Cap/Sales(3y)2.5%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.19%
EPS 3Y23.83%
EPS 5YN/A
EPS Q2Q%16.07%
EPS Next Y21.21%
EPS Next 2Y23.85%
EPS Next 3Y23.85%
EPS Next 5YN/A
Revenue 1Y (TTM)13.99%
Revenue growth 3Y34.78%
Revenue growth 5YN/A
Sales Q2Q%8.69%
Revenue Next Year10.99%
Revenue Next 2Y12.51%
Revenue Next 3Y13.68%
Revenue Next 5Y14.05%
EBIT growth 1Y242.53%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year146.77%
EBIT Next 3Y51.88%
EBIT Next 5Y36.26%
FCF growth 1Y187.63%
FCF growth 3Y24.41%
FCF growth 5YN/A
OCF growth 1Y128.81%
OCF growth 3Y36.54%
OCF growth 5YN/A