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SKYWARD SPECIALTY INSURANCE (SKWD) Stock Fundamental Analysis

NASDAQ:SKWD - Nasdaq - US8309401029 - Common Stock - Currency: USD

52.85  -1.27 (-2.35%)

After market: 53.85 +1 (+1.89%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to SKWD. SKWD was compared to 143 industry peers in the Insurance industry. SKWD has a medium profitability rating, but doesn't score so well on its financial health evaluation. SKWD is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year SKWD was profitable.
SKWD had a positive operating cash flow in the past year.
SKWD had positive earnings in 4 of the past 5 years.
SKWD had a positive operating cash flow in each of the past 5 years.
SKWD Yearly Net Income VS EBIT VS OCF VS FCFSKWD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 100M 200M 300M

1.2 Ratios

The Return On Assets of SKWD (3.08%) is better than 69.93% of its industry peers.
SKWD has a Return On Equity of 14.59%. This is in the better half of the industry: SKWD outperforms 72.03% of its industry peers.
SKWD has a better Return On Invested Capital (3.28%) than 69.23% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SKWD is in line with the industry average of 4.08%.
The 3 year average ROIC (2.80%) for SKWD is below the current ROIC(3.28%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.08%
ROE 14.59%
ROIC 3.28%
ROA(3y)2.3%
ROA(5y)0.98%
ROE(3y)10.86%
ROE(5y)4.52%
ROIC(3y)2.8%
ROIC(5y)N/A
SKWD Yearly ROA, ROE, ROICSKWD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 10 -10

1.3 Margins

SKWD has a better Profit Margin (10.26%) than 69.23% of its industry peers.
In the last couple of years the Profit Margin of SKWD has grown nicely.
The Operating Margin of SKWD (13.61%) is better than 65.03% of its industry peers.
In the last couple of years the Operating Margin of SKWD has grown nicely.
Industry RankSector Rank
OM 13.61%
PM (TTM) 10.26%
GM N/A
OM growth 3Y12.72%
OM growth 5YN/A
PM growth 3Y14%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
SKWD Yearly Profit, Operating, Gross MarginsSKWD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 10 -10

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3

2. Health

2.1 Basic Checks

SKWD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for SKWD has been increased compared to 1 year ago.
The debt/assets ratio for SKWD has been reduced compared to a year ago.
SKWD Yearly Shares OutstandingSKWD Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 10M 20M 30M 40M
SKWD Yearly Total Debt VS Total AssetsSKWD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

SKWD has a debt to FCF ratio of 0.39. This is a very positive value and a sign of high solvency as it would only need 0.39 years to pay back of all of its debts.
SKWD's Debt to FCF ratio of 0.39 is amongst the best of the industry. SKWD outperforms 86.01% of its industry peers.
SKWD has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of SKWD (0.14) is better than 75.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.39
Altman-Z N/A
ROIC/WACC0.37
WACC8.88%
SKWD Yearly LT Debt VS Equity VS FCFSKWD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 200M 400M 600M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SKWD Yearly Current Assets VS Current LiabilitesSKWD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 32.10% over the past year.
The Earnings Per Share has been growing by 41.21% on average over the past years. This is a very strong growth
The Revenue has grown by 27.95% in the past year. This is a very strong growth!
SKWD shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 27.94% yearly.
EPS 1Y (TTM)32.1%
EPS 3Y41.21%
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)27.95%
Revenue growth 3Y27.94%
Revenue growth 5YN/A
Sales Q2Q%23.99%

3.2 Future

SKWD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.70% yearly.
Based on estimates for the next years, SKWD will show a quite strong growth in Revenue. The Revenue will grow by 13.61% on average per year.
EPS Next Y17.6%
EPS Next 2Y14.99%
EPS Next 3Y14.99%
EPS Next 5Y13.7%
Revenue Next Year16.44%
Revenue Next 2Y14.04%
Revenue Next 3Y12.61%
Revenue Next 5Y13.61%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
SKWD Yearly Revenue VS EstimatesSKWD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
SKWD Yearly EPS VS EstimatesSKWD Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4 5

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 16.46, the valuation of SKWD can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of SKWD is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.46, SKWD is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 13.06, the valuation of SKWD can be described as correct.
The rest of the industry has a similar Price/Forward Earnings ratio as SKWD.
When comparing the Price/Forward Earnings ratio of SKWD to the average of the S&P500 Index (36.44), we can say SKWD is valued rather cheaply.
Industry RankSector Rank
PE 16.46
Fwd PE 13.06
SKWD Price Earnings VS Forward Price EarningsSKWD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as SKWD.
62.24% of the companies in the same industry are more expensive than SKWD, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.04
EV/EBITDA 12.75
SKWD Per share dataSKWD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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.
The decent profitability rating of SKWD may justify a higher PE ratio.
A more expensive valuation may be justified as SKWD's earnings are expected to grow with 14.99% in the coming years.
PEG (NY)0.94
PEG (5Y)N/A
EPS Next 2Y14.99%
EPS Next 3Y14.99%

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0

5. Dividend

5.1 Amount

SKWD does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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SKYWARD SPECIALTY INSURANCE

NASDAQ:SKWD (7/21/2025, 8:00:02 PM)

After market: 53.85 +1 (+1.89%)

52.85

-1.27 (-2.35%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)05-01 2025-05-01/amc
Earnings (Next)07-31 2025-07-31/amc
Inst Owners101.71%
Inst Owner Change0.02%
Ins Owners7.81%
Ins Owner Change0.04%
Market Cap2.14B
Analysts77.78
Price Target63.01 (19.22%)
Short Float %2.44%
Short Ratio2.13
Dividend
Industry RankSector 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)2
Avg EPS beat(2)8.47%
Min EPS beat(2)2.48%
Max EPS beat(2)14.46%
EPS beat(4)4
Avg EPS beat(4)11.12%
Min EPS beat(4)2.48%
Max EPS beat(4)19.97%
EPS beat(8)8
Avg EPS beat(8)18.41%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)1.74%
Min Revenue beat(2)-0.12%
Max Revenue beat(2)3.61%
Revenue beat(4)2
Avg Revenue beat(4)0.4%
Min Revenue beat(4)-2.91%
Max Revenue beat(4)3.61%
Revenue beat(8)5
Avg Revenue beat(8)2.29%
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)-0.18%
PT rev (3m)8.17%
EPS NQ rev (1m)0.81%
EPS NQ rev (3m)0.82%
EPS NY rev (1m)0.28%
EPS NY rev (3m)3.25%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)0.06%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)1.19%
Valuation
Industry RankSector Rank
PE 16.46
Fwd PE 13.06
P/S 1.77
P/FCF 7.04
P/OCF 6.94
P/B 2.51
P/tB 2.8
EV/EBITDA 12.75
EPS(TTM)3.21
EY6.07%
EPS(NY)4.05
Fwd EY7.66%
FCF(TTM)7.51
FCFY14.21%
OCF(TTM)7.61
OCFY14.41%
SpS29.94
BVpS21.06
TBVpS18.9
PEG (NY)0.94
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 3.08%
ROE 14.59%
ROCE 4.21%
ROIC 3.28%
ROICexc 3.38%
ROICexgc 5.17%
OM 13.61%
PM (TTM) 10.26%
GM N/A
FCFM 25.09%
ROA(3y)2.3%
ROA(5y)0.98%
ROE(3y)10.86%
ROE(5y)4.52%
ROIC(3y)2.8%
ROIC(5y)N/A
ROICexc(3y)2.88%
ROICexc(5y)N/A
ROICexgc(3y)4.48%
ROICexgc(5y)N/A
ROCE(3y)3.6%
ROCE(5y)N/A
ROICexcg growth 3Y15.28%
ROICexcg growth 5YN/A
ROICexc growth 3Y19.87%
ROICexc growth 5YN/A
OM growth 3Y12.72%
OM growth 5YN/A
PM growth 3Y14%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.39
Debt/EBITDA 0.71
Cap/Depr 124.06%
Cap/Sales 0.34%
Interest Coverage 21.31
Cash Conversion 183.17%
Profit Quality 244.51%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC8.88%
ROIC/WACC0.37
Cap/Depr(3y)87.68%
Cap/Depr(5y)67.47%
Cap/Sales(3y)0.36%
Cap/Sales(5y)0.39%
Profit Quality(3y)552.8%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.1%
EPS 3Y41.21%
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y17.6%
EPS Next 2Y14.99%
EPS Next 3Y14.99%
EPS Next 5Y13.7%
Revenue 1Y (TTM)27.95%
Revenue growth 3Y27.94%
Revenue growth 5YN/A
Sales Q2Q%23.99%
Revenue Next Year16.44%
Revenue Next 2Y14.04%
Revenue Next 3Y12.61%
Revenue Next 5Y13.61%
EBIT growth 1Y22.57%
EBIT growth 3Y44.22%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y13.35%
FCF growth 3Y20.24%
FCF growth 5YN/A
OCF growth 1Y13.85%
OCF growth 3Y20.29%
OCF growth 5YN/A