BALDWIN INSURANCE GROUP INC/ (BWIN) Stock Fundamental Analysis

NASDAQ:BWIN • US05589G1022

16.6 USD
+0.03 (+0.18%)
At close: Feb 24, 2026
16.77 USD
+0.17 (+1.02%)
Pre-Market: 2/25/2026, 5:37:34 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

BWIN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 150 industry peers in the Insurance industry. BWIN may be in some trouble as it scores bad on both profitability and health. BWIN is not priced too expensively while it is growing strongly. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • BWIN had positive earnings in the past year.
  • 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

  • BWIN has a Return On Assets of -0.74%. This is amonst the worse of the industry: BWIN underperforms 83.33% of its industry peers.
  • BWIN has a worse Return On Equity (-4.54%) than 82.00% of its industry peers.
  • BWIN has a Return On Invested Capital (2.28%) which is in line with 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

  • With a Operating Margin value of 5.49%, BWIN is not doing good in the industry: 74.00% of the companies in the same industry are doing better.
  • Looking at the Gross Margin, with a value of 27.16%, BWIN belongs to the top of the industry, outperforming 87.33% of the companies in the same industry.
  • BWIN's Gross Margin has declined in the last couple of years.
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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BWIN is destroying value.
  • Compared to 1 year ago, BWIN has more shares outstanding
  • The debt/assets ratio for BWIN is higher compared to a year ago.
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 0.88, we must say that BWIN is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of BWIN (0.88) is better than 80.00% of its industry peers.
  • A Debt/Equity ratio of 2.64 is on the high side and indicates that BWIN has dependencies on debt financing.
  • BWIN has a worse Debt to Equity ratio (2.64) than 92.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.64
Debt/FCF N/A
Altman-Z 0.88
ROIC/WACC0.29
WACC7.86%
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

  • BWIN has a Current 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.
  • Looking at the Current ratio, with a value of 1.15, BWIN belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • A Quick Ratio of 1.15 indicates that BWIN should not have too much problems paying its short term obligations.
  • BWIN has a better Quick ratio (1.15) than 83.33% 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

  • BWIN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.44%, which is quite impressive.
  • BWIN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.83% yearly.
  • 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.
  • BWIN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.05% yearly.
EPS Next Y12.74%
EPS Next 2Y17.23%
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

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of 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

  • BWIN is valuated reasonably with a Price/Earnings ratio of 10.06.
  • BWIN's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.98, BWIN is valued rather cheaply.
  • The Price/Forward Earnings ratio is 8.05, which indicates a very decent valuation of BWIN.
  • Based on the Price/Forward Earnings ratio, BWIN is valued a bit cheaper than 70.00% of the companies in the same industry.
  • BWIN is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.01, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.06
Fwd PE 8.05
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

  • 60.00% of the companies in the same industry are cheaper than BWIN, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.92
BWIN Per share dataBWIN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 -10

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.
  • BWIN's earnings are expected to grow with 20.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.79
PEG (5Y)N/A
EPS Next 2Y17.23%
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 (2/24/2026, 8:12:13 PM)

Premarket: 16.77 +0.17 (+1.02%)

16.6

+0.03 (+0.18%)

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-1.84%
Market Cap2.37B
Revenue(TTM)1.49B
Net Income(TTM)-28.11M
Analysts78.67
Price Target34.83 (109.82%)
Short Float %8.53%
Short Ratio5.76
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)1.27%
PT rev (3m)1.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.38%
EPS NY rev (1m)-0.07%
EPS NY rev (3m)0.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.06%
Valuation
Industry RankSector Rank
PE 10.06
Fwd PE 8.05
P/S 1.59
P/FCF N/A
P/OCF N/A
P/B 3.82
P/tB N/A
EV/EBITDA 19.92
EPS(TTM)1.65
EY9.94%
EPS(NY)2.06
Fwd EY12.42%
FCF(TTM)-0.46
FCFYN/A
OCF(TTM)-0.16
OCFYN/A
SpS10.43
BVpS4.35
TBVpS-13.42
PEG (NY)0.79
PEG (5Y)N/A
Graham Number12.7
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 0.88
F-Score5
WACC7.86%
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 Y12.74%
EPS Next 2Y17.23%
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 12.74% in the next year.