BALDWIN INSURANCE GROUP INC/ (BWIN) Stock Fundamental Analysis
NASDAQ:BWIN - Nasdaq - US05589G1022 - Common Stock - Currency: USD
Overall BWIN gets a fundamental rating of 3 out of 10. We evaluated BWIN against 144 industry peers in the Insurance industry. BWIN may be in some trouble as it scores bad on both profitability and health. BWIN is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
BWIN had positive earnings in the past year.
In the past year BWIN had a positive cash flow from operations.
In the past 5 years BWIN always reported negative net income.
In multiple years BWIN reported negative operating cash flow during the last 5 years.
1.2 Ratios
With a Return On Assets value of -0.91%, BWIN is not doing good in the industry: 86.11% 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 88.89% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.49%, BWIN is in line with its industry, outperforming 52.08% of the companies in the same 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 72.22% of its industry peers.
BWIN's Gross Margin of 27.30% is amongst the best of the industry. BWIN outperforms 88.19% 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
BWIN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
BWIN has more shares outstanding than it did 1 year ago.
BWIN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.48, we must say that BWIN is in the distress zone and has some risk of bankruptcy.
BWIN's Altman-Z score of 1.48 is amongst the best of the industry. BWIN outperforms 84.03% of its industry peers.
A Debt/Equity ratio of 2.41 is on the high side and indicates that BWIN has dependencies on debt 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 92.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.41 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.48 |
ROIC/WACC0.26
WACC9.7%
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's Current ratio of 1.13 is amongst the best of the industry. BWIN outperforms 81.94% of its industry peers.
BWIN has a Quick 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 better Quick ratio (1.13) than 81.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
BWIN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.19%, 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.
Looking at the last year, BWIN shows a quite strong growth in Revenue. The Revenue has grown by 13.99% in the last year.
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)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
Based on estimates for the next years, BWIN will show a very strong growth in Earnings Per Share. The EPS will grow by 23.72% on average per year.
Based on estimates for the next years, BWIN will show a quite strong growth in Revenue. The Revenue will grow by 14.05% on average per year.
EPS Next Y21.46%
EPS Next 2Y23.69%
EPS Next 3Y23.72%
EPS Next 5YN/A
Revenue Next Year10.91%
Revenue Next 2Y12.38%
Revenue Next 3Y13.59%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 26.15 indicates a quite expensive valuation of BWIN.
Compared to the rest of the industry, the Price/Earnings ratio of BWIN indicates a slightly more expensive valuation: BWIN is more expensive than 74.31% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.21, BWIN is valued at the same level.
The Price/Forward Earnings ratio is 18.12, which indicates a rather expensive current valuation of BWIN.
68.75% of the companies in the same industry are cheaper than BWIN, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.70, BWIN is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.15 | ||
| Fwd PE | 18.12 |
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 68.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 33.62 |
4.3 Compensation for Growth
BWIN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as BWIN's earnings are expected to grow with 23.72% in the coming years.
PEG (NY)1.22
PEG (5Y)N/A
EPS Next 2Y23.69%
EPS Next 3Y23.72%
5. Dividend
5.1 Amount
No dividends for BWIN!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
41.58
-1.23 (-2.87%)
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-3.65%
Market Cap4.93B
Analysts78.75
Price Target47.5 (14.24%)
Short Float %6.7%
Short Ratio7.06
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)-4.68%
PT rev (3m)-4.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.49%
EPS NY rev (1m)-0.61%
EPS NY rev (3m)-2.19%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.15 | ||
| Fwd PE | 18.12 | ||
| P/S | 3.47 | ||
| P/FCF | N/A | ||
| P/OCF | 139.71 | ||
| P/B | 7.95 | ||
| P/tB | N/A | ||
| EV/EBITDA | 33.62 |
EPS(TTM)1.59
EY3.82%
EPS(NY)2.29
Fwd EY5.52%
FCF(TTM)-0.06
FCFYN/A
OCF(TTM)0.3
OCFY0.72%
SpS12
BVpS5.23
TBVpS-14.6
PEG (NY)1.22
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 | 1.48 |
F-Score6
WACC9.7%
ROIC/WACC0.26
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 Y21.46%
EPS Next 2Y23.69%
EPS Next 3Y23.72%
EPS Next 5YN/A
Revenue 1Y (TTM)13.99%
Revenue growth 3Y34.78%
Revenue growth 5YN/A
Sales Q2Q%8.69%
Revenue Next Year10.91%
Revenue Next 2Y12.38%
Revenue Next 3Y13.59%
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