BALDWIN INSURANCE GROUP INC/ (BWIN) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:BWIN • US05589G1022

18.76 USD
-1.86 (-9.02%)
At close: Feb 5, 2026
18.95 USD
+0.19 (+1.01%)
After Hours: 2/5/2026, 8:12:23 PM
Fundamental Rating

4

Taking everything into account, BWIN scores 4 out of 10 in our fundamental rating. BWIN was compared to 147 industry peers in the Insurance industry. Both the profitability and financial health of BWIN have multiple concerns. BWIN is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • In the past year BWIN was profitable.
  • BWIN had a negative operating cash flow in the past year.
  • BWIN had negative earnings in each of the past 5 years.
  • In multiple years BWIN reported negative operating cash flow during the last 5 years.
BWIN Yearly Net Income VS EBIT VS OCF VS FCFBWIN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 2024 0 50M -50M 100M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -0.74%, BWIN is doing worse than 85.71% of the companies in the same industry.
  • BWIN's Return On Equity of -4.54% is on the low side compared to the rest of the industry. BWIN is outperformed by 84.35% of its industry peers.
  • BWIN has a Return On Invested Capital of 2.28%. This is comparable to the rest of the industry: BWIN outperforms 50.34% of its industry peers.
Industry RankSector Rank
ROA -0.74%
ROE -4.54%
ROIC 2.28%
ROA(3y)-1.49%
ROA(5y)N/A
ROE(3y)-9.05%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
BWIN Yearly ROA, ROE, ROICBWIN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 0 -5 -10 -15

1.3 Margins

  • BWIN has a Operating Margin of 5.49%. This is in the lower half of the industry: BWIN underperforms 72.79% of its industry peers.
  • BWIN's Gross Margin of 27.16% is amongst the best of the industry. BWIN outperforms 87.76% of its industry peers.
  • In the last couple of years the Gross Margin of BWIN has declined.
Industry RankSector Rank
OM 5.49%
PM (TTM) N/A
GM 27.16%
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
BWIN Yearly Profit, Operating, Gross MarginsBWIN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 0 10 20

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

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.
BWIN Yearly Shares OutstandingBWIN Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 20M 40M 60M 80M 100M
BWIN Yearly Total Debt VS Total AssetsBWIN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 0.85, we must say that BWIN is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.85, BWIN is in the better half of the industry, outperforming 78.91% of the companies in the same industry.
  • A Debt/Equity ratio of 2.64 is on the high side and indicates that BWIN has dependencies on debt financing.
  • BWIN has a Debt to Equity ratio of 2.64. This is amonst the worse of the industry: BWIN underperforms 93.20% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.64
Debt/FCF N/A
Altman-Z 0.85
ROIC/WACC0.29
WACC7.99%
BWIN Yearly LT Debt VS Equity VS FCFBWIN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 1.15 indicates that BWIN should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.15, BWIN belongs to the top of the industry, outperforming 82.31% of the companies in the same industry.
  • BWIN has a Quick Ratio of 1.15. This is a normal value and indicates that BWIN is financially healthy and should not expect problems in meeting its short term obligations.
  • BWIN has a better Quick ratio (1.15) than 82.31% of its industry peers.
Industry RankSector Rank
Current Ratio 1.15
Quick Ratio 1.15
BWIN Yearly Current Assets VS Current LiabilitesBWIN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 20.44% over the past year.
  • The Earnings Per Share has been growing by 23.83% on average over the past years. This is a very strong growth
  • The Revenue has grown by 10.69% in the past year. This is quite good.
  • Measured over the past years, BWIN shows a very strong growth in Revenue. The Revenue has been growing by 34.78% on average per year.
EPS 1Y (TTM)20.44%
EPS 3Y23.83%
EPS 5YN/A
EPS Q2Q%-6.06%
Revenue 1Y (TTM)10.69%
Revenue growth 3Y34.78%
Revenue growth 5YN/A
Sales Q2Q%7.8%

3.2 Future

  • BWIN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.22% yearly.
  • 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 Y12.82%
EPS Next 2Y17.36%
EPS Next 3Y20.48%
EPS Next 5Y23.22%
Revenue Next Year9.21%
Revenue Next 2Y17.95%
Revenue Next 3Y17.16%
Revenue Next 5Y14.05%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
BWIN Yearly Revenue VS EstimatesBWIN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B 2.5B
BWIN Yearly EPS VS EstimatesBWIN Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.37, the valuation of BWIN can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of BWIN is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 27.67. BWIN is valued rather cheaply when compared to this.
  • BWIN is valuated reasonably with a Price/Forward Earnings ratio of 9.08.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BWIN indicates a somewhat cheap valuation: BWIN is cheaper than 63.95% 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 27.20.
Industry RankSector Rank
PE 11.37
Fwd PE 9.08
BWIN Price Earnings VS Forward Price EarningsBWIN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • BWIN's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. BWIN is more expensive than 67.35% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.2
BWIN Per share dataBWIN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 -10 -15

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as BWIN's earnings are expected to grow with 20.48% in the coming years.
PEG (NY)0.89
PEG (5Y)N/A
EPS Next 2Y17.36%
EPS Next 3Y20.48%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • BWIN does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

BALDWIN INSURANCE GROUP INC/

NASDAQ:BWIN (2/5/2026, 8:12:23 PM)

After market: 18.95 +0.19 (+1.01%)

18.76

-1.86 (-9.02%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)11-04
Earnings (Next)02-26
Inst Owners116.52%
Inst Owner ChangeN/A
Ins Owners0.95%
Ins Owner Change-1.79%
Market Cap2.23B
Revenue(TTM)1.49B
Net Income(TTM)-28.11M
Analysts78.67
Price Target34.39 (83.32%)
Short Float %10.51%
Short Ratio6.4
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)0%
Min EPS beat(2)-1.3%
Max EPS beat(2)1.31%
EPS beat(4)2
Avg EPS beat(4)0.73%
Min EPS beat(4)-1.3%
Max EPS beat(4)4.03%
EPS beat(8)5
Avg EPS beat(8)3.11%
EPS beat(12)7
Avg EPS beat(12)2.13%
EPS beat(16)10
Avg EPS beat(16)2.94%
Revenue beat(2)0
Avg Revenue beat(2)-1.22%
Min Revenue beat(2)-1.51%
Max Revenue beat(2)-0.93%
Revenue beat(4)0
Avg Revenue beat(4)-1.62%
Min Revenue beat(4)-3.04%
Max Revenue beat(4)-0.93%
Revenue beat(8)0
Avg Revenue beat(8)-1.58%
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)0.64%
PT rev (3m)-11.28%
EPS NQ rev (1m)-1.14%
EPS NQ rev (3m)-1.82%
EPS NY rev (1m)-0.2%
EPS NY rev (3m)0.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.77%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.06%
Valuation
Industry RankSector Rank
PE 11.37
Fwd PE 9.08
P/S 1.5
P/FCF N/A
P/OCF N/A
P/B 3.59
P/tB N/A
EV/EBITDA 19.2
EPS(TTM)1.65
EY8.8%
EPS(NY)2.07
Fwd EY11.01%
FCF(TTM)-0.55
FCFYN/A
OCF(TTM)-0.2
OCFYN/A
SpS12.54
BVpS5.22
TBVpS-16.13
PEG (NY)0.89
PEG (5Y)N/A
Graham Number13.93
Profitability
Industry RankSector Rank
ROA -0.74%
ROE -4.54%
ROCE 2.88%
ROIC 2.28%
ROICexc 2.35%
ROICexgc 30.57%
OM 5.49%
PM (TTM) N/A
GM 27.16%
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
ROICexgc growth 3YN/A
ROICexgc 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-Score5
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 2.64
Debt/FCF N/A
Debt/EBITDA 8.3
Cap/Depr 36.29%
Cap/Sales 2.81%
Interest Coverage 0.71
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.15
Quick Ratio 1.15
Altman-Z 0.85
F-Score5
WACC7.99%
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)20.44%
EPS 3Y23.83%
EPS 5YN/A
EPS Q2Q%-6.06%
EPS Next Y12.82%
EPS Next 2Y17.36%
EPS Next 3Y20.48%
EPS Next 5Y23.22%
Revenue 1Y (TTM)10.69%
Revenue growth 3Y34.78%
Revenue growth 5YN/A
Sales Q2Q%7.8%
Revenue Next Year9.21%
Revenue Next 2Y17.95%
Revenue Next 3Y17.16%
Revenue Next 5Y14.05%
EBIT growth 1Y124.47%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year141.81%
EBIT Next 3Y57.5%
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

BALDWIN INSURANCE GROUP INC/ / BWIN FAQ

What is the ChartMill fundamental rating of BALDWIN INSURANCE GROUP INC/ (BWIN) stock?

ChartMill assigns a fundamental rating of 4 / 10 to BWIN.


What is the valuation status of BALDWIN INSURANCE GROUP INC/ (BWIN) stock?

ChartMill assigns a valuation rating of 5 / 10 to BALDWIN INSURANCE GROUP INC/ (BWIN). This can be considered as Fairly Valued.


How profitable is BALDWIN INSURANCE GROUP INC/ (BWIN) stock?

BALDWIN INSURANCE GROUP INC/ (BWIN) has a profitability rating of 2 / 10.


How financially healthy is BALDWIN INSURANCE GROUP INC/?

The financial health rating of BALDWIN INSURANCE GROUP INC/ (BWIN) is 3 / 10.


What is the expected EPS growth for BALDWIN INSURANCE GROUP INC/ (BWIN) stock?

The Earnings per Share (EPS) of BALDWIN INSURANCE GROUP INC/ (BWIN) is expected to grow by 12.82% in the next year.