SKYWARD SPECIALTY INSURANCE (SKWD)
US8309401029 - Common Stock
We assign a fundamental rating of 4 out of 10 to SKWD. SKWD was compared to 141 industry peers in the Insurance industry. While SKWD is still in line with the averages on profitability rating, there are concerns on its financial health. SKWD is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
SKWD had positive earnings in the past year.
SKWD had a positive operating cash flow in the past year.
1.2 Ratios
SKWD has a Return On Assets of 3.71%. This is in the better half of the industry: SKWD outperforms 70.00% of its industry peers.
SKWD has a better Return On Equity (16.74%) than 71.43% of its industry peers.
SKWD has a Return On Invested Capital of 3.64%. This is in the better half of the industry: SKWD outperforms 70.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SKWD is below the industry average of 4.38%.
The last Return On Invested Capital (3.64%) for SKWD is above the 3 year average (2.38%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.71% | ||
| ROE | 16.74% | ||
| ROIC | 3.64% |
ROA(3y)1.84%
ROA(5y)N/A
ROE(3y)8.87%
ROE(5y)N/A
ROIC(3y)2.38%
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 12.49%, SKWD is doing good in the industry, outperforming 71.43% of the companies in the same industry.
SKWD has a better Operating Margin (15.10%) than 67.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.1% | ||
| PM (TTM) | 12.49% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SKWD is destroying value.
SKWD has more shares outstanding than it did 1 year ago.
The debt/assets ratio for SKWD has been reduced compared to a year ago.
2.2 Solvency
SKWD has a debt to FCF ratio of 0.30. This is a very positive value and a sign of high solvency as it would only need 0.30 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.30, SKWD belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
A Debt/Equity ratio of 0.15 indicates that SKWD is not too dependend on debt financing.
The Debt to Equity ratio of SKWD (0.15) is better than 75.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 0.3 | ||
| Altman-Z | N/A |
ROIC/WACC0.4
WACC9%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 55.14% over the past year.
Looking at the last year, SKWD shows a very strong growth in Revenue. The Revenue has grown by 29.57%.
Measured over the past years, SKWD shows a very strong growth in Revenue. The Revenue has been growing by 24.67% on average per year.
EPS 1Y (TTM)55.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%9.23%
Revenue 1Y (TTM)29.57%
Revenue growth 3Y24.67%
Revenue growth 5YN/A
Sales Q2Q%25.78%
3.2 Future
SKWD is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.63% yearly.
SKWD is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.43% yearly.
EPS Next Y46.65%
EPS Next 2Y27.25%
EPS Next 3Y21.91%
EPS Next 5Y20.63%
Revenue Next Year28.55%
Revenue Next 2Y19.28%
Revenue Next 3Y16.79%
Revenue Next 5Y18.43%
3.3 Evolution
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
The Price/Earnings ratio is 17.48, which indicates a rather expensive current valuation of SKWD.
SKWD's Price/Earnings ratio is a bit more expensive when compared to the industry. SKWD is more expensive than 62.14% of the companies in the same industry.
SKWD is valuated rather cheaply when we compare the Price/Earnings ratio to 27.17, which is the current average of the S&P500 Index.
SKWD is valuated correctly with a Price/Forward Earnings ratio of 14.75.
60.71% of the companies in the same industry are cheaper than SKWD, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.68. SKWD is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.48 | ||
| Fwd PE | 14.75 |
4.2 Price Multiples
SKWD's Enterprise Value to EBITDA is on the same level as the industry average.
70.71% of the companies in the same industry are more expensive than SKWD, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.05 | ||
| EV/EBITDA | 12.45 |
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.
SKWD's earnings are expected to grow with 21.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y27.25%
EPS Next 3Y21.91%
5. Dividend
5.1 Amount
SKWD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
SKYWARD SPECIALTY INSURANCE
NASDAQ:SKWD (12/23/2024, 1:29:37 PM)
50.17
-0.83 (-1.63%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners93.66%
Inst Owner Change5.75%
Ins Owners8.04%
Ins Owner Change-0.07%
Market Cap2.01B
Analysts82.35
Price Target52.47 (4.58%)
Short Float %2.42%
Short Ratio2.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)13.77%
Min EPS beat(2)7.57%
Max EPS beat(2)19.97%
EPS beat(4)4
Avg EPS beat(4)12.01%
Min EPS beat(4)4.67%
Max EPS beat(4)19.97%
EPS beat(8)8
Avg EPS beat(8)23.39%
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)-0.95%
Min Revenue beat(2)-2.91%
Max Revenue beat(2)1%
Revenue beat(4)2
Avg Revenue beat(4)-0.14%
Min Revenue beat(4)-2.91%
Max Revenue beat(4)3.04%
Revenue beat(8)6
Avg Revenue beat(8)3.43%
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)9.46%
PT rev (3m)10.04%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.36%
EPS NY rev (1m)0.22%
EPS NY rev (3m)2.37%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.21%
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)0.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.48 | ||
| Fwd PE | 14.75 | ||
| P/S | 1.88 | ||
| P/FCF | 5.05 | ||
| P/OCF | 4.99 | ||
| P/B | 2.52 | ||
| P/tB | 2.83 | ||
| EV/EBITDA | 12.45 |
EPS(TTM)2.87
EY5.72%
EPS(NY)3.4
Fwd EY6.78%
FCF(TTM)9.93
FCFY19.78%
OCF(TTM)10.05
OCFY20.03%
SpS26.65
BVpS19.89
TBVpS17.7
PEG (NY)0.37
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.71% | ||
| ROE | 16.74% | ||
| ROCE | 4.64% | ||
| ROIC | 3.64% | ||
| ROICexc | 3.76% | ||
| ROICexgc | 5.56% | ||
| OM | 15.1% | ||
| PM (TTM) | 12.49% | ||
| GM | N/A | ||
| FCFM | 37.25% |
ROA(3y)1.84%
ROA(5y)N/A
ROE(3y)8.87%
ROE(5y)N/A
ROIC(3y)2.38%
ROIC(5y)N/A
ROICexc(3y)2.43%
ROICexc(5y)N/A
ROICexgc(3y)3.91%
ROICexgc(5y)N/A
ROCE(3y)3.02%
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 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 0.3 | ||
| Debt/EBITDA | 0.72 | ||
| Cap/Depr | 126.09% | ||
| Cap/Sales | 0.46% | ||
| Interest Coverage | 17.72 | ||
| Cash Conversion | 243.76% | ||
| Profit Quality | 298.12% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC9%
ROIC/WACC0.4
Cap/Depr(3y)58.85%
Cap/Depr(5y)N/A
Cap/Sales(3y)0.37%
Cap/Sales(5y)N/A
Profit Quality(3y)619.05%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)55.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%9.23%
EPS Next Y46.65%
EPS Next 2Y27.25%
EPS Next 3Y21.91%
EPS Next 5Y20.63%
Revenue 1Y (TTM)29.57%
Revenue growth 3Y24.67%
Revenue growth 5YN/A
Sales Q2Q%25.78%
Revenue Next Year28.55%
Revenue Next 2Y19.28%
Revenue Next 3Y16.79%
Revenue Next 5Y18.43%
EBIT growth 1Y52.98%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y145.83%
FCF growth 3Y98.86%
FCF growth 5YN/A
OCF growth 1Y147.18%
OCF growth 3Y96.31%
OCF growth 5YN/A