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.BH | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 1.9% | 0% |
| 30 Day | 0% | 3.5% | 0% |
| 90 Day | n/a | 12.6% | 8.9% |
| 1 Year | 42.2%35.4% | 47.6%43.4% | 55.9%53.0% |
| 3 Year | 51.4%29.4% | 33.3%22.4% | 43.6%27.6% |
| 5 Year | 73.5%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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/16 21:31 |
| End of Day Share Price | 2021/04/06 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.