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GSHD

Goosehead InsuranceNasdaqGS:GSHD Stock Report

Market Cap

US$5.0b

7D

3.2%

1Y

10.0%

Updated

28 Nov, 2021

Data

Company Financials +
GSHD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance2/6
Financial Health2/6
Dividends0/6

GSHD Stock Overview

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

Goosehead Insurance Competitors

Marsh & McLennan Companies

NYSE:MMC

US$84.0b

Aon

NYSE:AON

US$64.8b

Arthur J. Gallagher

NYSE:AJG

US$33.8b

Willis Towers Watson

NasdaqGS:WLTW

US$28.5b

Price History & Performance

Summary of all time highs, changes and price drops for Goosehead Insurance
Historical stock prices
Current Share PriceUS$135.15
52 Week HighUS$181.30
52 Week LowUS$78.86
Beta0.48
1 Month Change-6.34%
3 Month Change-4.18%
1 Year Change10.02%
3 Year Change431.67%
5 Year Changen/a
Change since IPO758.09%

Recent News & Updates

Shareholder Returns

GSHDUS InsuranceUS Market
7D3.2%-0.8%-2.7%
1Y10.0%23.5%21.3%

Return vs Industry: GSHD underperformed the US Insurance industry which returned 23.4% over the past year.

Return vs Market: GSHD underperformed the US Market which returned 21.3% over the past year.

Price Volatility

Is GSHD's price volatile compared to industry and market?
GSHD volatility
GSHD Average Weekly Movement7.4%
Insurance Industry Average Movement4.0%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: GSHD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: GSHD's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003946Mark Joneshttps://www.goosehead.com

Goosehead Insurance, Inc. operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.

Goosehead Insurance Fundamentals Summary

How do Goosehead Insurance's earnings and revenue compare to its market cap?
GSHD fundamental statistics
Market CapUS$5.05b
Earnings (TTM)US$7.92m
Revenue (TTM)US$144.65m

637.0x

P/E Ratio

34.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GSHD income statement (TTM)
RevenueUS$144.65m
Cost of RevenueUS$89.37m
Gross ProfitUS$55.28m
ExpensesUS$47.35m
EarningsUS$7.92m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.21
Gross Margin38.21%
Net Profit Margin5.48%
Debt/Equity Ratio-162.9%

How did GSHD perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

n/a

Payout Ratio

Valuation

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

636.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GSHD ($135.15) is trading above our estimate of fair value ($96.08)

Significantly Below Fair Value: GSHD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GSHD is poor value based on its PE Ratio (637x) compared to the US Insurance industry average (10.6x).

PE vs Market: GSHD is poor value based on its PE Ratio (637x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: GSHD is poor value based on its PEG Ratio (8.7x)


Price to Book Ratio

PB vs Industry: GSHD has negative assets, so we can't compare its PB Ratio to the US Insurance industry average.


Future Growth

How is Goosehead Insurance forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

73.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GSHD's forecast earnings growth (73.4% per year) is above the savings rate (2%).

Earnings vs Market: GSHD's earnings (73.4% per year) are forecast to grow faster than the US market (14.3% per year).

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

Revenue vs Market: GSHD's revenue (28.1% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: GSHD's revenue (28.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GSHD's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Goosehead Insurance performed over the past 5 years?

50.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GSHD has high quality earnings.

Growing Profit Margin: GSHD's current net profit margins (5.5%) are lower than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: GSHD's earnings have grown significantly by 50.7% per year over the past 5 years.

Accelerating Growth: GSHD's earnings growth over the past year (39.4%) is below its 5-year average (50.7% per year).

Earnings vs Industry: GSHD earnings growth over the past year (39.4%) underperformed the Insurance industry 39.8%.


Return on Equity

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


Financial Health

How is Goosehead Insurance's financial position?


Financial Position Analysis

Short Term Liabilities: GSHD has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: GSHD has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: GSHD has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: GSHD's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: GSHD's debt is well covered by operating cash flow (29.5%).

Interest Coverage: GSHD's interest payments on its debt are well covered by EBIT (7.2x coverage).


Balance Sheet


Dividend

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

1.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GSHD's dividend (1.21%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: GSHD's dividend (1.21%) is low compared to the top 25% of dividend payers in the US market (3.58%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether GSHD's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if GSHD's dividend payments are increasing as they only just started paying a dividend.


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: 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?

6.8yrs

Average management tenure


CEO

Mark Jones (59 yo)

18.83yrs

Tenure

US$5,430,680

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD5.43M) is about average for companies of similar size in the US market ($USD6.24M).

Compensation vs Earnings: Mark's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: GSHD's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: GSHD's board of directors are considered experienced (3.7 years average tenure).


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

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


Key Information

  • Name: Goosehead Insurance, Inc
  • Ticker: GSHD
  • Exchange: NasdaqGS
  • Founded: 2003
  • Industry: Insurance Brokers
  • Sector: Insurance
  • Implied Market Cap: US$5.047b
  • Market Cap: US$2.719b
  • Shares outstanding: 37.34m
  • Website: https://www.goosehead.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/28 23:13
End of Day Share Price2021/11/26 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.