CRAWFORD & COMPANY -CL A (CRD.A) Stock Fundamental Analysis
NYSE:CRD.A - US2246332066 - Common Stock
11 USD
+0.3 (+2.8%)
11 USD
0 (0%)
CRD.A gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 146 industry peers in the Insurance industry. CRD.A has only an average score on both its financial health and profitability. CRD.A has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year CRD.A was profitable.
CRD.A had a positive operating cash flow in the past year.
CRD.A had positive earnings in 4 of the past 5 years.
In the past 5 years CRD.A always reported a positive cash flow from operatings.
1.2 Ratios
CRD.A's Return On Assets of 3.71% is fine compared to the rest of the industry. CRD.A outperforms 73.97% of its industry peers.
CRD.A's Return On Equity of 16.76% is fine compared to the rest of the industry. CRD.A outperforms 77.40% of its industry peers.
CRD.A's Return On Invested Capital of 7.93% is amongst the best of the industry. CRD.A outperforms 93.15% of its industry peers.
CRD.A had an Average Return On Invested Capital over the past 3 years of 7.40%. This is above the industry average of 4.46%.
The 3 year average ROIC (7.40%) for CRD.A is below the current ROIC(7.93%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.71% | ||
| ROE | 16.76% | ||
| ROIC | 7.93% |
ROA(3y)1.61%
ROA(5y)2.44%
ROE(3y)7.94%
ROE(5y)10.69%
ROIC(3y)7.4%
ROIC(5y)7.11%
1.3 Margins
Looking at the Profit Margin, with a value of 2.18%, CRD.A is doing worse than 77.40% of the companies in the same industry.
In the last couple of years the Profit Margin of CRD.A has grown nicely.
Looking at the Operating Margin, with a value of 4.71%, CRD.A is doing worse than 76.71% of the companies in the same industry.
In the last couple of years the Operating Margin of CRD.A has declined.
With an excellent Gross Margin value of 27.72%, CRD.A belongs to the best of the industry, outperforming 89.04% of the companies in the same industry.
In the last couple of years the Gross Margin of CRD.A has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.71% | ||
| PM (TTM) | 2.18% | ||
| GM | 27.72% |
OM growth 3Y-0.78%
OM growth 5Y-6.8%
PM growth 3Y-9.71%
PM growth 5Y10.7%
GM growth 3Y2.28%
GM growth 5Y-0.53%
2. Health
2.1 Basic Checks
CRD.A has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CRD.A has more shares outstanding than it did 1 year ago.
CRD.A has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CRD.A is higher compared to a year ago.
2.2 Solvency
CRD.A has an Altman-Z score of 3.05. This indicates that CRD.A is financially healthy and has little risk of bankruptcy at the moment.
CRD.A's Altman-Z score of 3.05 is amongst the best of the industry. CRD.A outperforms 95.21% of its industry peers.
CRD.A has a debt to FCF ratio of 5.74. This is a neutral value as CRD.A would need 5.74 years to pay back of all of its debts.
The Debt to FCF ratio of CRD.A (5.74) is worse than 60.96% of its industry peers.
CRD.A has a Debt/Equity ratio of 1.15. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.15, CRD.A is doing worse than 89.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 5.74 | ||
| Altman-Z | 3.05 |
ROIC/WACC0.99
WACC8%
2.3 Liquidity
CRD.A has a Current Ratio of 1.34. This is a normal value and indicates that CRD.A is financially healthy and should not expect problems in meeting its short term obligations.
CRD.A has a better Current ratio (1.34) than 82.88% of its industry peers.
A Quick Ratio of 1.34 indicates that CRD.A should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.34, CRD.A belongs to the top of the industry, outperforming 82.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.33% over the past year.
Measured over the past 5 years, CRD.A shows a small growth in Earnings Per Share. The EPS has been growing by 4.30% on average per year.
The Revenue has been growing slightly by 4.66% in the past year.
Measured over the past years, CRD.A shows a small growth in Revenue. The Revenue has been growing by 5.06% on average per year.
EPS 1Y (TTM)6.33%
EPS 3Y2.67%
EPS 5Y4.3%
EPS Q2Q%-12%
Revenue 1Y (TTM)4.66%
Revenue growth 3Y5.59%
Revenue growth 5Y5.06%
Sales Q2Q%2.79%
3.2 Future
The Earnings Per Share is expected to grow by 20.84% on average over the next years. This is a very strong growth
Based on estimates for the next years, CRD.A will show a small growth in Revenue. The Revenue will grow by 5.59% on average per year.
EPS Next Y28.21%
EPS Next 2Y20.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.9%
Revenue Next 2Y5.59%
Revenue Next 3YN/A
Revenue Next 5YN/A
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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.10, which indicates a correct valuation of CRD.A.
The rest of the industry has a similar Price/Earnings ratio as CRD.A.
The average S&P500 Price/Earnings ratio is at 26.84. CRD.A is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 9.54, the valuation of CRD.A can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CRD.A indicates a somewhat cheap valuation: CRD.A is cheaper than 60.96% of the companies listed in the same industry.
CRD.A is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.48, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.1 | ||
| Fwd PE | 9.54 |
4.2 Price Multiples
64.38% of the companies in the same industry are more expensive than CRD.A, based on the Enterprise Value to EBITDA ratio.
CRD.A's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.91 | ||
| EV/EBITDA | 6.88 |
4.3 Compensation for Growth
CRD.A's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CRD.A has a very decent profitability rating, which may justify a higher PE ratio.
CRD.A's earnings are expected to grow with 20.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.46
PEG (5Y)3.04
EPS Next 2Y20.84%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.84%, CRD.A has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.24, CRD.A pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, CRD.A pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.84% |
5.2 History
The dividend of CRD.A has a limited annual growth rate of 2.90%.
CRD.A has paid a dividend for at least 10 years, which is a reliable track record.
CRD.A has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)2.9%
Div Incr Years2
Div Non Decr Years4
5.3 Sustainability
CRD.A pays out 46.53% of its income as dividend. This is a bit on the high side, but may be sustainable.
CRD.A's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP46.53%
EPS Next 2Y20.84%
EPS Next 3YN/A
11
+0.3 (+2.8%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners26.63%
Inst Owner Change1.76%
Ins Owners67.98%
Ins Owner ChangeN/A
Market Cap546.04M
Analysts87.27
Price Target14.44 (31.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.84% |
Yearly Dividend0.28
Dividend Growth(5Y)2.9%
DP46.53%
Div Incr Years2
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.44%
Min EPS beat(2)-12.82%
Max EPS beat(2)1.94%
EPS beat(4)1
Avg EPS beat(4)-9.11%
Min EPS beat(4)-19.8%
Max EPS beat(4)1.94%
EPS beat(8)3
Avg EPS beat(8)-9.99%
EPS beat(12)6
Avg EPS beat(12)-0.96%
EPS beat(16)7
Avg EPS beat(16)-6.07%
Revenue beat(2)0
Avg Revenue beat(2)-6.51%
Min Revenue beat(2)-7.4%
Max Revenue beat(2)-5.63%
Revenue beat(4)1
Avg Revenue beat(4)-3.91%
Min Revenue beat(4)-7.4%
Max Revenue beat(4)1.78%
Revenue beat(8)1
Avg Revenue beat(8)-4.6%
Revenue beat(12)2
Avg Revenue beat(12)-3.54%
Revenue beat(16)4
Avg Revenue beat(16)-2.04%
PT rev (1m)-3.16%
PT rev (3m)-3.89%
EPS NQ rev (1m)-1.69%
EPS NQ rev (3m)-4.92%
EPS NY rev (1m)-3.28%
EPS NY rev (3m)-3.28%
Revenue NQ rev (1m)-1.03%
Revenue NQ rev (3m)-1.21%
Revenue NY rev (1m)-0.56%
Revenue NY rev (3m)-0.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.1 | ||
| Fwd PE | 9.54 | ||
| P/S | 0.4 | ||
| P/FCF | 13.91 | ||
| P/OCF | 6.74 | ||
| P/B | 3.09 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.88 |
EPS(TTM)0.84
EY7.64%
EPS(NY)1.15
Fwd EY10.49%
FCF(TTM)0.79
FCFY7.19%
OCF(TTM)1.63
OCFY14.83%
SpS27.38
BVpS3.56
TBVpS-1.77
PEG (NY)0.46
PEG (5Y)3.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.71% | ||
| ROE | 16.76% | ||
| ROCE | 12.35% | ||
| ROIC | 7.93% | ||
| ROICexc | 8.94% | ||
| ROICexgc | 21.07% | ||
| OM | 4.71% | ||
| PM (TTM) | 2.18% | ||
| GM | 27.72% | ||
| FCFM | 2.89% |
ROA(3y)1.61%
ROA(5y)2.44%
ROE(3y)7.94%
ROE(5y)10.69%
ROIC(3y)7.4%
ROIC(5y)7.11%
ROICexc(3y)8.28%
ROICexc(5y)7.91%
ROICexgc(3y)19.19%
ROICexgc(5y)17.62%
ROCE(3y)11.52%
ROCE(5y)11.07%
ROICexcg growth 3Y8.36%
ROICexcg growth 5Y3.89%
ROICexc growth 3Y8.29%
ROICexc growth 5Y-1.08%
OM growth 3Y-0.78%
OM growth 5Y-6.8%
PM growth 3Y-9.71%
PM growth 5Y10.7%
GM growth 3Y2.28%
GM growth 5Y-0.53%
F-Score7
Asset Turnover1.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 5.74 | ||
| Debt/EBITDA | 2 | ||
| Cap/Depr | 111.13% | ||
| Cap/Sales | 3.07% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 79.75% | ||
| Profit Quality | 132.48% | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | 3.05 |
F-Score7
WACC8%
ROIC/WACC0.99
Cap/Depr(3y)104.43%
Cap/Depr(5y)96.71%
Cap/Sales(3y)2.9%
Cap/Sales(5y)3.02%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.33%
EPS 3Y2.67%
EPS 5Y4.3%
EPS Q2Q%-12%
EPS Next Y28.21%
EPS Next 2Y20.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.66%
Revenue growth 3Y5.59%
Revenue growth 5Y5.06%
Sales Q2Q%2.79%
Revenue Next Year5.9%
Revenue Next 2Y5.59%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y25.98%
EBIT growth 3Y4.76%
EBIT growth 5Y-2.08%
EBIT Next Year71.64%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y27.93%
FCF growth 3Y-24.71%
FCF growth 5Y-28.7%
OCF growth 1Y19.84%
OCF growth 3Y-1.69%
OCF growth 5Y-7.25%