BRP Group (NasdaqGS:BRP) - Share price, News & Analysis

BRP fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	3/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

BRP Stock Overview

BRP Group, Inc. markets and sells insurance products and services in the United States.

Rewards

Revenue is forecast to grow 23.79% per year

Risk Analysis

Earnings are forecast to decline by an average of 12.7% per year for the next 3 years

Currently unprofitable and not forecast to become profitable over the next 3 years

Volatile share price over the past 3 months

Shareholders have been diluted in the past year

BRP Group Competitors

Marsh & McLennan Companies

NYSE:MMC

US$80.0b

Aon

NYSE:AON

US$59.3b

Arthur J. Gallagher

NYSE:AJG

US$34.5b

Willis Towers Watson

NasdaqGS:WTW

US$23.1b

Price History & Performance

Summary of all time highs, changes and price drops for BRP Group
Historical stock prices
Current Share Price	US$22.88
52 Week High	US$45.36
52 Week Low	US$17.08
Beta	1.73
1 Month Change	1.96%
3 Month Change	-15.85%
1 Year Change	-6.92%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	39.77%

Shareholder Returns

	BRP	US Insurance	US Market
7D	28.5%	0.7%	0.5%
1Y	-6.9%	1.6%	-11.5%

Return vs Industry: BRP underperformed the US Insurance industry which returned 3.5% over the past year.

Return vs Market: BRP exceeded the US Market which returned -8.1% over the past year.

Price Volatility

Is BRP's price volatile compared to industry and market?
BRP volatility
BRP Average Weekly Movement	13.1%
Insurance Industry Average Movement	5.1%
Market Average Movement	7.9%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.0%

Stable Share Price: BRP is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: BRP's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
2011	3,300	Trevor Baldwin	https://www.baldwinriskpartners.com

BRP Group, Inc. markets and sells insurance products and services in the United States. The company operates through four segments: Middle Market, Specialty, MainStreet, and Medicare. The Middle Market segment provides commercial risk management, employee benefits solutions, and private risk management for mid-to-large size businesses and high net worth individuals, as well as its families.

BRP Group Fundamentals Summary

How do BRP Group's earnings and revenue compare to its market cap?
BRP fundamental statistics
Market Cap	US$2.67b
Earnings (TTM)	-US$23.08m
Revenue (TTM)	US$657.31m

4.0x

P/S Ratio

-114.2x

P/E Ratio

Is BRP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRP income statement (TTM)
Revenue	US$657.31m
Cost of Revenue	US$464.43m
Gross Profit	US$192.89m
Other Expenses	US$215.97m
Earnings	-US$23.08m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.39
Gross Margin	29.34%
Net Profit Margin	-3.51%
Debt/Equity Ratio	77.3%

How did BRP perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

4.12x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BRP's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BRP's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: BRP is unprofitable, so we can't compare its PE Ratio to the US Insurance industry average.

PE vs Market: BRP is unprofitable, so we can't compare its PE Ratio to the US market.

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: BRP is overvalued based on its PB Ratio (4.1x) compared to the US Insurance industry average (1.1x).

Future Growth

How is BRP Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-12.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRP is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BRP is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BRP is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BRP's revenue (23.8% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: BRP's revenue (23.8% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BRP's Return on Equity is forecast to be high in 3 years time (29.8%)

Past Performance

How has BRP Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-64.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BRP is currently unprofitable.

Growing Profit Margin: BRP is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: BRP is unprofitable, and losses have increased over the past 5 years at a rate of 64.2% per year.

Accelerating Growth: Unable to compare BRP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BRP is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-2.6%).

Return on Equity

High ROE: BRP has a negative Return on Equity (-3.6%), as it is currently unprofitable.

Financial Health

How is BRP Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BRP's short term assets ($635.2M) exceed its short term liabilities ($531.3M).

Long Term Liabilities: BRP's short term assets ($635.2M) do not cover its long term liabilities ($1.2B).

Debt to Equity History and Analysis

Debt Level: BRP's net debt to equity ratio (64.7%) is considered high.

Reducing Debt: Insufficient data to determine if BRP's debt to equity ratio has reduced over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable BRP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: BRP is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39.4% per year.

Dividend

What is BRP Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate BRP'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 BRP's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BRP has not reported any payouts.

Discover strong dividend paying companies

Management

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

3.1yrs

Average management tenure

CEO

Trevor Baldwin (34 yo)

3yrs

Tenure

US$3,445,981

Compensation

Mr. Trevor L. Baldwin serves as the Chief Executive Officer of BRP Group, Inc. since May 21, 2019 and has been Director since September 2019. He serves as President and Chief Executive Officer at Burnham G...

CEO Compensation Analysis

Compensation vs Market: Trevor's total compensation ($USD3.45M) is below average for companies of similar size in the US market ($USD6.88M).

Compensation vs Earnings: Trevor's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: BRP's management team is considered experienced (3.1 years average tenure).

Board Members

Experienced Board: BRP's board of directors are not considered experienced ( 2.3 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: BRP insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.8%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/18 00:00
End of Day Share Price	2022/05/18 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31