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BEZ

BeazleyLSE:BEZ Stock Report

Market Cap

UK£2.4b

7D

-1.3%

1Y

5.2%

Updated

30 Nov, 2021

Data

Company Financials +
BEZ fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends0/6

BEZ Stock Overview

Beazley plc provides risk insurance and reinsurance solutions in the United States, Europe, and internationally.

Beazley Competitors

Admiral Group

LSE:ADM

UK£8.6b

Direct Line Insurance Group

LSE:DLG

UK£3.6b

Hiscox

LSE:HSX

UK£2.9b

Berkshire Hathaway

NYSE:BRK.A

US$619.1b

Price History & Performance

Summary of all time highs, changes and price drops for Beazley
Historical stock prices
Current Share PriceUK£4.00
52 Week HighUK£4.30
52 Week LowUK£2.92
Beta1.02
1 Month Change2.67%
3 Month Change2.12%
1 Year Change5.20%
3 Year Change-27.20%
5 Year Change4.82%
Change since IPO413.33%

Recent News & Updates

Shareholder Returns

BEZGB InsuranceGB Market
7D-1.3%-5.9%-2.6%
1Y5.2%2.0%10.9%

Return vs Industry: BEZ underperformed the UK Insurance industry which returned 6.5% over the past year.

Return vs Market: BEZ underperformed the UK Market which returned 13.8% over the past year.

Price Volatility

Is BEZ's price volatile compared to industry and market?
BEZ volatility
BEZ Average Weekly Movement3.9%
Insurance Industry Average Movement3.5%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.8%
10% least volatile stocks in GB Market2.5%

Stable Share Price: BEZ is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BEZ's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19861,550Adrian Coxhttps://www.beazley.com

Beazley plc provides risk insurance and reinsurance solutions in the United States, Europe, and internationally. Its Cyber & Executive Risk segment underwrites management liabilities, such as employment practices risks and directors and officers, cyber and technology, and media and business services. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks.

Beazley Fundamentals Summary

How do Beazley's earnings and revenue compare to its market cap?
BEZ fundamental statistics
Market CapUS$3.21b
Earnings (TTM)US$106.10m
Revenue (TTM)US$3.07b

30.3x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BEZ income statement (TTM)
RevenueUS$3.07b
Cost of RevenueUS$2.67b
Gross ProfitUS$392.60m
ExpensesUS$286.50m
EarningsUS$106.10m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

May 06, 2022

Earnings per share (EPS)0.18
Gross Margin12.80%
Net Profit Margin3.46%
Debt/Equity Ratio28.2%

How did BEZ perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BEZ (£4) is trading below our estimate of fair value (£10.49)

Significantly Below Fair Value: BEZ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BEZ is poor value based on its PE Ratio (30.3x) compared to the UK Insurance industry average (13.6x).

PE vs Market: BEZ is poor value based on its PE Ratio (30.3x) compared to the UK market (19x).


Price to Earnings Growth Ratio

PEG Ratio: BEZ is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: BEZ is overvalued based on its PB Ratio (1.6x) compared to the GB Insurance industry average (1.2x).


Future Growth

How is Beazley forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

17.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEZ's forecast earnings growth (17.7% per year) is above the savings rate (0.9%).

Earnings vs Market: BEZ's earnings (17.7% per year) are forecast to grow faster than the UK market (12.6% per year).

High Growth Earnings: BEZ's earnings are forecast to grow, but not significantly.

Revenue vs Market: BEZ's revenue (10.3% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: BEZ's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BEZ's Return on Equity is forecast to be low in 3 years time (17.1%).


Past Performance

How has Beazley performed over the past 5 years?

-27.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BEZ has high quality earnings.

Growing Profit Margin: BEZ's current net profit margins (3.5%) are higher than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: BEZ's earnings have declined by 27.6% per year over the past 5 years.

Accelerating Growth: BEZ's earnings growth over the past year (28.1%) exceeds its 5-year average (-27.6% per year).

Earnings vs Industry: BEZ earnings growth over the past year (28.1%) exceeded the Insurance industry 18.5%.


Return on Equity

High ROE: BEZ's Return on Equity (5.4%) is considered low.


Financial Health

How is Beazley's financial position?


Financial Position Analysis

Short Term Liabilities: BEZ's short term assets ($10.8B) exceed its short term liabilities ($998.1M).

Long Term Liabilities: BEZ's short term assets ($10.8B) exceed its long term liabilities ($8.5B).


Debt to Equity History and Analysis

Debt Level: BEZ has more cash than its total debt.

Reducing Debt: BEZ's debt to equity ratio has increased from 16.9% to 28.2% over the past 5 years.

Debt Coverage: BEZ's debt is well covered by operating cash flow (119.5%).

Interest Coverage: BEZ's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


Dividend

What is Beazley current dividend yield, its reliability and sustainability?

3.52%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: BEZ is not paying a notable dividend for the UK market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Adrian Cox (49 yo)

0.58

Tenure

US$663,306

Compensation

Mr. Adrian Peter Cox is Chief Executive Officer of Lloyd's Syndicate - 3623 (Beazley Furlonge Limited). He serves as Chief Executive Officer at Beazley Plc since April 01, 2021. He has been an Executive Di...


CEO Compensation Analysis

Compensation vs Market: Adrian's total compensation ($USD663.31K) is below average for companies of similar size in the UK market ($USD1.75M).

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


Leadership Team

Experienced Management: BEZ's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: BEZ's board of directors are not considered experienced ( 2.6 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Beazley plc's employee growth, exchange listings and data sources


Key Information

  • Name: Beazley plc
  • Ticker: BEZ
  • Exchange: LSE
  • Founded: 1986
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: UK£2.425b
  • Shares outstanding: 605.53m
  • Website: https://www.beazley.com

Number of Employees


Location

  • Beazley plc
  • 22 Bishopsgate
  • London
  • Greater London
  • EC2N 4BQ
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 21:41
End of Day Share Price2021/11/30 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.