DB:2OX

Stock Analysis Report

Goosehead Insurance

Executive Summary

Goosehead Insurance, Inc. focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States.

Snowflake

Fundamentals

Exceptional growth potential with poor track record.


Similar Companies

Share Price & News

How has Goosehead Insurance's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.1%

2OX

2.9%

DE Insurance

1.4%

DE Market


1 Year Return

76.4%

2OX

22.0%

DE Insurance

3.8%

DE Market

Return vs Industry: 2OX exceeded the German Insurance industry which returned 22% over the past year.

Return vs Market: 2OX exceeded the German Market which returned 3.8% over the past year.


Shareholder returns

2OXIndustryMarket
7 Day3.1%2.9%1.4%
30 Day3.4%3.8%1.3%
90 Day9.8%3.8%3.1%
1 Year79.3%76.4%27.3%22.0%7.0%3.8%
3 Yearn/a70.6%50.0%18.5%8.3%
5 Yearn/a119.6%75.9%42.2%22.9%

Price Volatility Vs. Market

How volatile is Goosehead Insurance's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Goosehead Insurance undervalued compared to its fair value and its price relative to the market?

183.05x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 2OX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 2OX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 2OX is poor value based on its PE Ratio (183.1x) compared to the Insurance industry average (13.4x).

PE vs Market: 2OX is poor value based on its PE Ratio (183.1x) compared to the German market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: 2OX is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: 2OX is overvalued based on its PB Ratio (9.5x) compared to the DE Insurance industry average (1.1x).


Next Steps

Future Growth

How is Goosehead Insurance forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

54.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2OX's forecast earnings growth (54.5% per year) is above the savings rate (0.2%).

Earnings vs Market: 2OX's earnings (54.5% per year) are forecast to grow faster than the German market (12.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 2OX's revenue (30.8% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: 2OX's revenue (30.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2OX's Return on Equity is forecast to be high in 3 years time (35.9%)


Next Steps

Past Performance

How has Goosehead Insurance performed over the past 5 years?

42.7%

Last years revenue growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if 2OX's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: 2OX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 2OX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (15.2%).


Return on Equity

High ROE: 2OX's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: 2OX has a higher Return on Assets than the Insurance industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate 2OX's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Goosehead Insurance's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 2OX has a high level of physical assets or inventory.

Debt Coverage by Assets: 2OX has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Financial Institutions Analysis

Asset Level: 2OX's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if 2OX has a sufficient allowance for bad loans.

Low Risk Liabilities: 2OX reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 2OX has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 2OX has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 2OX has an appropriate level of bad loans.


Next Steps

Dividend

What is Goosehead Insurance's current dividend yield, its reliability and sustainability?

0.28%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage3.9%forecastin3Years0.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 2OX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 2OX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 2OX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2OX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2OX's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Goosehead Insurance's salary, the management and board of directors tenure and is there insider trading?

5.8yrs

Average management tenure


CEO

Mark Jones (57yo)

16.8yrs

Tenure

US$2,377,990

Compensation

Mr. Mark E. Jones serves as Chief Executive Officer of Goosehead Insurance, Inc. since co-founding the company in 2003 and also serves as Chairman of the Board since March 2018. Prior to leading GooseHead, ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Mark's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.8yrs

Average Tenure

38yo

Average Age

Experienced Management: 2OX's management team is seasoned and experienced (5.8 years average tenure).


Board Age and Tenure

1.6yrs

Average Tenure

56yo

Average Age

Experienced Board: 2OX's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: 2OX insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$421,21103 Sep 19
Robyn Mary Jones
EntityIndividual
Role
Vice Chairman
Co-Founder & Vice Chairman
Shares10,000
Max PriceUS$42.12
SellUS$1,988,08520 Aug 19
Michael Colby
EntityIndividual
Role
President
President & COO
Shares50,613
Max PriceUS$39.35
SellUS$90,93516 Aug 19
Michael Colby
EntityIndividual
Role
President
President & COO
Shares2,287
Max PriceUS$39.76
SellUS$1,697,92714 Aug 19
Michael Colby
EntityIndividual
Role
President
President & COO
Shares42,100
Max PriceUS$40.86
SellUS$545,55313 Aug 19
Mark Jones
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares13,516
Max PriceUS$41.22
BuyUS$17,50919 Nov 18
Gary Delavan
EntityIndividual
Shares921
Max PriceUS$19.01

Ownership Breakdown


Management Team

  • Mark Jones (57yo)

    Co-Founder

    • Tenure: 16.8yrs
    • Compensation: US$2.38m
  • Michael Colby (38yo)

    President & COO

    • Tenure: 3.8yrs
    • Compensation: US$1.33m
  • Mark Colby (34yo)

    Chief Financial Officer

    • Tenure: 3.8yrs
    • Compensation: US$762.58k
  • Patrick Langston (37yo)

    VP & General Counsel

    • Tenure: 5.8yrs
    • Compensation: US$437.19k
  • Robyn Mary Jones (56yo)

    Co-Founder & Vice Chairman

    • Tenure: 1.6yrs
  • Julia Jordan

    Managing Director

    • Tenure: 0yrs
  • Jared Sinclair

    Managing Director

    • Tenure: 0yrs
  • Brian Pattillo

    Managing Director

    • Tenure: 0yrs
  • Garrett Edson

    Senior Vice President

    • Tenure: 0yrs
  • Drew Burks

    Chief Information Officer

    • Tenure: 0yrs

Board Members

  • Rusty Reid (56yo)

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$360.00k
  • Mark Jones (57yo)

    Co-Founder

    • Tenure: 16.8yrs
    • Compensation: US$2.38m
  • Mark Miller (53yo)

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$360.00k
  • Peter Lane (54yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$360.00k
  • Robyn Mary Jones (56yo)

    Co-Founder & Vice Chairman

    • Tenure: 1.6yrs

Company Information

Goosehead Insurance, Inc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Goosehead Insurance, Inc
  • Ticker: 2OX
  • Exchange: DB
  • Founded: 2003
  • Industry: Insurance Brokers
  • Sector: Insurance
  • Implied Market Cap: US$1.754b
  • Market Cap: US$657.817m
  • Listing Market Cap: US$1.575b
  • Shares outstanding: 36.35m
  • Website: https://www.gooseheadinsurance.com

Number of Employees


Location

  • Goosehead Insurance, Inc
  • Building 4
  • Suite 4500
  • Westlake
  • Texas
  • 76262
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GSHDNasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDApr 2018
2OXDB (Deutsche Boerse AG)YesClass A Common StockDEEURApr 2018

Biography

Goosehead Insurance, Inc. focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through tw ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 22:23
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.