BALDWIN INSURANCE GROUP INC/ (BWIN) Stock Fundamental Analysis
NASDAQ:BWIN - Nasdaq - US05589G1022 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to BWIN. BWIN was compared to 143 industry peers in the Insurance industry. BWIN has a bad profitability rating. Also its financial health evaluation is rather negative. BWIN is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
BWIN had positive earnings in the past year.
BWIN had a positive operating cash flow in the past year.
BWIN had negative earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: BWIN reported negative operating cash flow in multiple years.
1.2 Ratios
With a Return On Assets value of -0.91%, BWIN is not doing good in the industry: 86.71% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of -5.19%, BWIN is doing worse than 88.81% of the companies in the same industry.
BWIN has a Return On Invested Capital (2.49%) which is comparable to the rest of the 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
The Operating Margin of BWIN (5.79%) is worse than 72.03% of its industry peers.
BWIN's Gross Margin of 27.30% is amongst the best of the industry. BWIN outperforms 88.11% of its industry peers.
In the last couple of years the Gross Margin of BWIN has declined.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BWIN is destroying value.
The number of shares outstanding for BWIN has been increased compared to 1 year ago.
BWIN has a worse debt/assets ratio than last year.
2.2 Solvency
BWIN has an Altman-Z score of 1.40. This is a bad value and indicates that BWIN is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.40, BWIN belongs to the top of the industry, outperforming 83.22% of the companies in the same industry.
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 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.41 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.4 |
ROIC/WACC0.25
WACC9.8%
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.
BWIN has a Current ratio of 1.13. This is amongst the best in the industry. BWIN outperforms 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.
Measured over the past years, BWIN shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.83% on average per year.
Looking at the last year, BWIN shows a quite strong growth in Revenue. The Revenue has grown by 13.99% in the last year.
BWIN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 34.78% yearly.
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
BWIN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.47% yearly.
The Revenue is expected to grow by 14.05% on average over the next years. This is quite good.
EPS Next Y22.21%
EPS Next 2Y24.1%
EPS Next 3Y24.47%
EPS Next 5YN/A
Revenue Next Year10.84%
Revenue Next 2Y12.41%
Revenue Next 3Y13.68%
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.
4. Valuation
4.1 Price/Earnings Ratio
BWIN is valuated rather expensively with a Price/Earnings ratio of 24.75.
Based on the Price/Earnings ratio, BWIN is valued a bit more expensive than the industry average as 71.33% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 26.34. BWIN is around the same levels.
With a Price/Forward Earnings ratio of 17.04, BWIN is valued on the expensive side.
BWIN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BWIN is more expensive than 65.73% of the companies in the same industry.
BWIN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.75 | ||
| Fwd PE | 17.04 |
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 68.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 31.51 |
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 24.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.11
PEG (5Y)N/A
EPS Next 2Y24.1%
EPS Next 3Y24.47%
5. Dividend
5.1 Amount
BWIN does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
39.36
+1.43 (+3.77%)
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-3.62%
Market Cap4.66B
Analysts78.75
Price Target47.65 (21.06%)
Short Float %6.4%
Short Ratio7.74
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)-4.39%
PT rev (3m)-4.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.63%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.28%
Revenue NQ rev (1m)-0.35%
Revenue NQ rev (3m)-1.05%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.75 | ||
| Fwd PE | 17.04 | ||
| P/S | 3.28 | ||
| P/FCF | N/A | ||
| P/OCF | 132.25 | ||
| P/B | 7.53 | ||
| P/tB | N/A | ||
| EV/EBITDA | 31.51 |
EPS(TTM)1.59
EY4.04%
EPS(NY)2.31
Fwd EY5.87%
FCF(TTM)-0.06
FCFYN/A
OCF(TTM)0.3
OCFY0.76%
SpS12
BVpS5.23
TBVpS-14.6
PEG (NY)1.11
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 | 1.4 |
F-Score6
WACC9.8%
ROIC/WACC0.25
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 Y22.21%
EPS Next 2Y24.1%
EPS Next 3Y24.47%
EPS Next 5YN/A
Revenue 1Y (TTM)13.99%
Revenue growth 3Y34.78%
Revenue growth 5YN/A
Sales Q2Q%8.69%
Revenue Next Year10.84%
Revenue Next 2Y12.41%
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