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WR BERKLEY CORP (WRB) Stock Fundamental Analysis

NYSE:WRB - New York Stock Exchange, Inc. - US0844231029 - Common Stock - Currency: USD

71.75  +0.51 (+0.72%)

After market: 71.75 0 (0%)

Fundamental Rating

5

WRB gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 143 industry peers in the Insurance industry. While WRB belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. WRB is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

WRB had positive earnings in the past year.
WRB had a positive operating cash flow in the past year.
Each year in the past 5 years WRB has been profitable.
Each year in the past 5 years WRB had a positive operating cash flow.
WRB Yearly Net Income VS EBIT VS OCF VS FCFWRB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

1.2 Ratios

With an excellent Return On Assets value of 4.33%, WRB belongs to the best of the industry, outperforming 80.42% of the companies in the same industry.
WRB's Return On Equity of 20.92% is amongst the best of the industry. WRB outperforms 86.01% of its industry peers.
WRB has a better Return On Invested Capital (5.46%) than 81.82% of its industry peers.
WRB had an Average Return On Invested Capital over the past 3 years of 4.25%. This is in line with the industry average of 4.47%.
The 3 year average ROIC (4.25%) for WRB is below the current ROIC(5.46%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.33%
ROE 20.92%
ROIC 5.46%
ROA(3y)4.04%
ROA(5y)3.44%
ROE(3y)19.97%
ROE(5y)16.74%
ROIC(3y)4.25%
ROIC(5y)N/A
WRB Yearly ROA, ROE, ROICWRB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

With a decent Profit Margin value of 12.84%, WRB is doing good in the industry, outperforming 73.43% of the companies in the same industry.
In the last couple of years the Profit Margin of WRB has grown nicely.
WRB has a better Operating Margin (20.58%) than 78.32% of its industry peers.
WRB's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 20.58%
PM (TTM) 12.84%
GM N/A
OM growth 3Y4%
OM growth 5Y7.27%
PM growth 3Y5.99%
PM growth 5Y8.33%
GM growth 3YN/A
GM growth 5YN/A
WRB Yearly Profit, Operating, Gross MarginsWRB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WRB is destroying value.
The number of shares outstanding for WRB has been reduced compared to 1 year ago.
The number of shares outstanding for WRB has been reduced compared to 5 years ago.
The debt/assets ratio for WRB has been reduced compared to a year ago.
WRB Yearly Shares OutstandingWRB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
WRB Yearly Total Debt VS Total AssetsWRB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.2 Solvency

WRB has a debt to FCF ratio of 0.81. This is a very positive value and a sign of high solvency as it would only need 0.81 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 0.81, WRB is doing good in the industry, outperforming 68.53% of the companies in the same industry.
WRB has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
WRB has a Debt to Equity ratio (0.34) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 0.81
Altman-Z N/A
ROIC/WACC0.64
WACC8.54%
WRB Yearly LT Debt VS Equity VS FCFWRB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
WRB Yearly Current Assets VS Current LiabilitesWRB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 12.09% over the past year.
Measured over the past years, WRB shows a very strong growth in Earnings Per Share. The EPS has been growing by 25.10% on average per year.
WRB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.79%.
Measured over the past years, WRB shows a quite strong growth in Revenue. The Revenue has been growing by 11.53% on average per year.
EPS 1Y (TTM)12.09%
EPS 3Y22.24%
EPS 5Y25.1%
EPS Q2Q%-2.88%
Revenue 1Y (TTM)12.79%
Revenue growth 3Y12.99%
Revenue growth 5Y11.53%
Sales Q2Q%8.42%

3.2 Future

Based on estimates for the next years, WRB will show a small growth in Earnings Per Share. The EPS will grow by 2.11% on average per year.
WRB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.50% yearly.
EPS Next Y4.94%
EPS Next 2Y7.9%
EPS Next 3Y8.03%
EPS Next 5Y2.11%
Revenue Next Year8.93%
Revenue Next 2Y8.75%
Revenue Next 3Y7.61%
Revenue Next 5Y2.5%

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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
WRB Yearly Revenue VS EstimatesWRB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B
WRB Yearly EPS VS EstimatesWRB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4 5

3

4. Valuation

4.1 Price/Earnings Ratio

WRB is valuated rather expensively with a Price/Earnings ratio of 17.46.
Compared to the rest of the industry, the Price/Earnings ratio of WRB indicates a slightly more expensive valuation: WRB is more expensive than 62.24% of the companies listed in the same industry.
WRB's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.92.
The Price/Forward Earnings ratio is 14.88, which indicates a correct valuation of WRB.
WRB's Price/Forward Earnings ratio is in line with the industry average.
WRB is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.65, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.46
Fwd PE 14.88
WRB Price Earnings VS Forward Price EarningsWRB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

WRB's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 7.76
EV/EBITDA N/A
WRB Per share dataWRB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates WRB does not grow enough to justify the current Price/Earnings ratio.
WRB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.54
PEG (5Y)0.7
EPS Next 2Y7.9%
EPS Next 3Y8.03%

3

5. Dividend

5.1 Amount

WRB has a yearly dividend return of 0.45%, which is pretty low.
WRB's Dividend Yield is slightly below the industry average, which is at 3.28.
With a Dividend Yield of 0.45, WRB pays less dividend than the S&P500 average, which is at 2.51.
Industry RankSector Rank
Dividend Yield 0.45%

5.2 History

On average, the dividend of WRB grows each year by 13.22%, which is quite nice.
WRB has been paying a dividend for at least 10 years, so it has a reliable track record.
WRB has decreased its dividend recently.
Dividend Growth(5Y)13.22%
Div Incr Years1
Div Non Decr Years1
WRB Yearly Dividends per shareWRB Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

30.29% of the earnings are spent on dividend by WRB. This is a low number and sustainable payout ratio.
WRB's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP30.29%
EPS Next 2Y7.9%
EPS Next 3Y8.03%
WRB Yearly Income VS Free CF VS DividendWRB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
WRB Dividend Payout.WRB Dividend Payout, showing the Payout Ratio.WRB Dividend Payout.PayoutRetained Earnings

WR BERKLEY CORP

NYSE:WRB (4/24/2025, 8:04:00 PM)

After market: 71.75 0 (0%)

71.75

+0.51 (+0.72%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)04-21 2025-04-21/amc
Earnings (Next)07-21 2025-07-21/amc
Inst Owners69.13%
Inst Owner Change0.34%
Ins Owners24.3%
Ins Owner Change-0.87%
Market Cap27.22B
Analysts73.64
Price Target70.12 (-2.27%)
Short Float %3.03%
Short Ratio4.8
Dividend
Industry RankSector Rank
Dividend Yield 0.45%
Yearly Dividend1.39
Dividend Growth(5Y)13.22%
DP30.29%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-03 2025-03-03 (0.08)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.36%
Min EPS beat(2)-0.35%
Max EPS beat(2)17.06%
EPS beat(4)3
Avg EPS beat(4)8.93%
Min EPS beat(4)-0.35%
Max EPS beat(4)17.06%
EPS beat(8)6
Avg EPS beat(8)4.57%
EPS beat(12)10
Avg EPS beat(12)8.54%
EPS beat(16)14
Avg EPS beat(16)12.6%
Revenue beat(2)1
Avg Revenue beat(2)0.63%
Min Revenue beat(2)-2.23%
Max Revenue beat(2)3.49%
Revenue beat(4)1
Avg Revenue beat(4)-0.39%
Min Revenue beat(4)-2.23%
Max Revenue beat(4)3.49%
Revenue beat(8)1
Avg Revenue beat(8)-1.11%
Revenue beat(12)3
Avg Revenue beat(12)-0.67%
Revenue beat(16)7
Avg Revenue beat(16)0.43%
PT rev (1m)2.27%
PT rev (3m)1.43%
EPS NQ rev (1m)-7.65%
EPS NQ rev (3m)-9.01%
EPS NY rev (1m)-1.81%
EPS NY rev (3m)-1.05%
Revenue NQ rev (1m)-0.03%
Revenue NQ rev (3m)-0.42%
Revenue NY rev (1m)-0.18%
Revenue NY rev (3m)-0.86%
Valuation
Industry RankSector Rank
PE 17.46
Fwd PE 14.88
P/S 1.99
P/FCF 7.76
P/OCF 7.4
P/B 3.24
P/tB 3.31
EV/EBITDA N/A
EPS(TTM)4.11
EY5.73%
EPS(NY)4.82
Fwd EY6.72%
FCF(TTM)9.24
FCFY12.88%
OCF(TTM)9.7
OCFY13.52%
SpS36.06
BVpS22.13
TBVpS21.65
PEG (NY)3.54
PEG (5Y)0.7
Profitability
Industry RankSector Rank
ROA 4.33%
ROE 20.92%
ROCE 6.99%
ROIC 5.46%
ROICexc 5.74%
ROICexgc 6.98%
OM 20.58%
PM (TTM) 12.84%
GM N/A
FCFM 25.63%
ROA(3y)4.04%
ROA(5y)3.44%
ROE(3y)19.97%
ROE(5y)16.74%
ROIC(3y)4.25%
ROIC(5y)N/A
ROICexc(3y)4.44%
ROICexc(5y)N/A
ROICexgc(3y)5.47%
ROICexgc(5y)N/A
ROCE(3y)5.44%
ROCE(5y)N/A
ROICexcg growth 3Y7.06%
ROICexcg growth 5Y8.92%
ROICexc growth 3Y8.81%
ROICexc growth 5Y10.19%
OM growth 3Y4%
OM growth 5Y7.27%
PM growth 3Y5.99%
PM growth 5Y8.33%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.34
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 0.81
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 1.26%
Interest Coverage 20.4
Cash Conversion N/A
Profit Quality 199.65%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score9
WACC8.54%
ROIC/WACC0.64
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)0.87%
Cap/Sales(5y)0.76%
Profit Quality(3y)195.52%
Profit Quality(5y)218.22%
High Growth Momentum
Growth
EPS 1Y (TTM)12.09%
EPS 3Y22.24%
EPS 5Y25.1%
EPS Q2Q%-2.88%
EPS Next Y4.94%
EPS Next 2Y7.9%
EPS Next 3Y8.03%
EPS Next 5Y2.11%
Revenue 1Y (TTM)12.79%
Revenue growth 3Y12.99%
Revenue growth 5Y11.53%
Sales Q2Q%8.42%
Revenue Next Year8.93%
Revenue Next 2Y8.75%
Revenue Next 3Y7.61%
Revenue Next 5Y2.5%
EBIT growth 1Y56.29%
EBIT growth 3Y17.51%
EBIT growth 5Y19.64%
EBIT Next Year36.5%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y21.99%
FCF growth 3Y18.31%
FCF growth 5Y30.21%
OCF growth 1Y25.57%
OCF growth 3Y18.98%
OCF growth 5Y26.32%