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Market Cap

BD$129.0m

Last Updated

2021/04/16 21:31 UTC

Data Sources

Company Financials

Executive Summary

BF&M Limited provides various insurance products in Bermuda, Bahamas, and other Caribbean and Latin American countries. More Details


Snowflake Analysis

Excellent balance sheet established dividend payer.

Share Price & News

How has BF&M's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine BFM.BH's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine BFM.BH's volatility change over the past year.


Market Performance


7 Day Return

0%

BFM.BH

1.9%

BM Insurance

0%

BM Market


1 Year Return

35.4%

BFM.BH

43.4%

BM Insurance

53.0%

BM Market

Return vs Industry: BFM.BH underperformed the BM Insurance industry which returned 43.4% over the past year.

Return vs Market: BFM.BH underperformed the BM Market which returned 53% over the past year.


Shareholder returns

BFM.BHIndustryMarket
7 Day0%1.9%0%
30 Day0%3.5%0%
90 Dayn/a12.6%8.9%
1 Year42.2%35.4%47.6%43.4%55.9%53.0%
3 Year51.4%29.4%33.3%22.4%43.6%27.6%
5 Year73.5%35.0%75.6%51.9%46.8%23.0%

Long-Term Price Volatility Vs. Market

How volatile is BF&M's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is BF&M undervalued compared to its fair value and its price relative to the market?

11.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BFM.BH's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BFM.BH's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BFM.BH is good value based on its PE Ratio (11.8x) compared to the XN Insurance industry average (14.2x).

PE vs Market: BFM.BH is poor value based on its PE Ratio (11.8x) compared to the BM market (9.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BFM.BH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BFM.BH is good value based on its PB Ratio (0.7x) compared to the XN Insurance industry average (1.1x).


Future Growth

How is BF&M forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.0%

Forecasted Insurance industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BF&M has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has BF&M performed over the past 5 years?

-7.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BFM.BH has high quality earnings.

Growing Profit Margin: BFM.BH's current net profit margins (7.1%) are lower than last year (8.7%).


Past Earnings Growth Analysis

Earnings Trend: BFM.BH's earnings have declined by 7% per year over the past 5 years.

Accelerating Growth: BFM.BH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BFM.BH had negative earnings growth (-33.7%) over the past year, making it difficult to compare to the Insurance industry average (-9.4%).


Return on Equity

High ROE: BFM.BH's Return on Equity (5.3%) is considered low.


Financial Health

How is BF&M's financial position?


Financial Position Analysis

Short Term Liabilities: BFM.BH's short term assets (BMD722.2M) exceed its short term liabilities (BMD136.4M).

Long Term Liabilities: BFM.BH's short term assets (BMD722.2M) do not cover its long term liabilities (BMD2.0B).


Debt to Equity History and Analysis

Debt Level: BFM.BH is debt free.

Reducing Debt: BFM.BH has no debt compared to 5 years ago when its debt to equity ratio was 0.5%.

Debt Coverage: BFM.BH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BFM.BH has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is BF&M current dividend yield, its reliability and sustainability?

4.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BFM.BH's dividend (4.36%) is higher than the bottom 25% of dividend payers in the BM market (3.51%).

High Dividend: BFM.BH's dividend (4.36%) is in the top 25% of dividend payers in the BM market (4.21%)


Stability and Growth of Payments

Stable Dividend: BFM.BH's dividends per share have been stable in the past 10 years.

Growing Dividend: BFM.BH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.9%), BFM.BH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

R. Wight

16.25yrs

Tenure

Mr. R. John Wight, FCPA, FCA, CPCU, has been the Group Chief Executive Officer of BF&M Limited since January 1, 2005, serves as its Group President and also serves as its Group Chairman since May 15, 2019....


Leadership Team

Experienced Management: BFM.BH's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: BFM.BH's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BF&M Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BF&M Limited
  • Ticker: BFM.BH
  • Exchange: BER
  • Founded: 1903
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: BD$129.038m
  • Shares outstanding: 8.85m
  • Website: https://www.bfm.bm

Location

  • BF&M Limited
  • Insurance Building
  • 112 Pitts Bay Road
  • Pembroke
  • HM 08
  • Bermuda

Listings


Biography

BF&M Limited provides various insurance products in Bermuda, Bahamas, and other Caribbean and Latin American countries. It operates through Health, Life, Annuity and Pension; Property and Casualty; Real Es...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/16 21:31
End of Day Share Price2021/04/06 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.