company background image
BRP

BRP GroupNasdaqGS:BRP Stock Report

Market Cap

US$4.2b

7D

-5.8%

1Y

18.9%

Updated

02 Dec, 2021

Data

Company Financials +
BRP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

BRP Stock Overview

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

BRP Group Competitors

Marsh & McLennan Companies

NYSE:MMC

US$82.8b

Aon

NYSE:AON

US$65.2b

Arthur J. Gallagher

NYSE:AJG

US$33.8b

Willis Towers Watson

NasdaqGS:WLTW

US$28.1b

Price History & Performance

Summary of all time highs, changes and price drops for BRP Group
Historical stock prices
Current Share PriceUS$35.39
52 Week HighUS$45.36
52 Week LowUS$22.79
Beta1.71
1 Month Change-3.31%
3 Month Change-10.18%
1 Year Change18.92%
3 Year Changen/a
5 Year Changen/a
Change since IPO116.19%

Recent News & Updates

Shareholder Returns

BRPUS InsuranceUS Market
7D-5.8%-6.2%-4.9%
1Y18.9%18.6%17.8%

Return vs Industry: BRP underperformed the US Insurance industry which returned 20.4% over the past year.

Return vs Market: BRP underperformed the US Market which returned 20% over the past year.

Price Volatility

Is BRP's price volatile compared to industry and market?
BRP volatility
BRP Average Weekly Movement7.9%
Insurance Industry Average Movement4.1%
Market Average Movement6.0%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.4%

Stable Share Price: BRP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BRP's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20112,400Trevor Baldwinhttps://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 private risk management, commercial risk management, and employee benefits solutions for mid-to-large size businesses, and high net worth individuals and families.

BRP Group Fundamentals Summary

How do BRP Group's earnings and revenue compare to its market cap?
BRP fundamental statistics
Market CapUS$4.16b
Earnings (TTM)-US$18.28m
Revenue (TTM)US$477.74m

8.3x

P/S Ratio

-217.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRP income statement (TTM)
RevenueUS$477.74m
Cost of RevenueUS$330.36m
Gross ProfitUS$147.38m
ExpensesUS$165.67m
Earnings-US$18.28m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.16
Gross Margin30.85%
Net Profit Margin-3.83%
Debt/Equity Ratio59.7%

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?

6.89x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


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 (6.9x) 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?

135.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: BRP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BRP's is expected to become profitable in the next 3 years.

Revenue vs Market: BRP's revenue (38% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: BRP's revenue (38% 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 low in 3 years time (7.1%).


Past Performance

How has BRP Group performed over the past 5 years?

-63.6%

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 63.6% 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 (39.8%).


Return on Equity

High ROE: BRP has a negative Return on Equity (-2.95%), as it is currently unprofitable.


Financial Health

How is BRP Group's financial position?


Financial Position Analysis

Short Term Liabilities: BRP's short term assets ($660.4M) exceed its short term liabilities ($383.8M).

Long Term Liabilities: BRP's short term assets ($660.4M) do not cover its long term liabilities ($737.6M).


Debt to Equity History and Analysis

Debt Level: BRP's net debt to equity ratio (26%) is considered satisfactory.

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 49.8% per year.


Dividend

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


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.


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 BRP's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Trevor Baldwin (35 yo)

2.5yrs

Tenure

US$1,124,000

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 ($USD1.12M) is below average for companies of similar size in the US market ($USD5.28M).

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


Leadership Team

Experienced Management: BRP's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: BRP's board of directors are not considered experienced ( 2.2 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 41.6%.


Top Shareholders

Company Information

BRP Group, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: BRP Group, Inc.
  • Ticker: BRP
  • Exchange: NasdaqGS
  • Founded: 2011
  • Industry: Insurance Brokers
  • Sector: Insurance
  • Implied Market Cap: US$4.156b
  • Market Cap: US$2.109b
  • Shares outstanding: 112.21m
  • Website: https://www.baldwinriskpartners.com

Number of Employees


Location

  • BRP Group, Inc.
  • 4211 West Boy Scout Boulevard
  • Suite 800
  • Tampa
  • Florida
  • 33607
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 00:12
End of Day Share Price2021/12/01 00:00
Earnings2021/09/30
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.