Crawford (NYSE:CRD.B) - Share price, News & Analysis

CRD.B fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	2/6
Financial Health	3/6
Dividends	3/6

CRD.B Stock Overview

Rewards

Trading at 39.3% below our estimate of its fair value

Earnings are forecast to grow 22.7% per year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 3.31% is not well covered by earnings

Profit margins (2.6%) are lower than last year (4.6%)

Crawford Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Crawford
Historical stock prices
Current Share Price	US$7.26
52 Week High	US$10.65
52 Week Low	US$6.72
Beta	0.51
1 Month Change	-5.84%
3 Month Change	-3.20%
1 Year Change	-21.09%
3 Year Change	-15.97%
5 Year Change	-22.35%
Change since IPO	-67.25%

Recent News & Updates

May 19

Crawford (NYSE:CRD.B) Will Pay A Dividend Of US$0.06

Crawford & Company's ( NYSE:CRD.B ) investors are due to receive a payment of US$0.06 per share on 10th of June. Based...

Shareholder Returns

	CRD.B	US Insurance	US Market
7D	2.3%	0.4%	1.0%
1Y	-21.1%	2.4%	-15.1%

Return vs Industry: CRD.B underperformed the US Insurance industry which returned 2.5% over the past year.

Return vs Market: CRD.B underperformed the US Market which returned -13.2% over the past year.

Price Volatility

Is CRD.B's price volatile compared to industry and market?
CRD.B volatility
CRD.B Average Weekly Movement	5.0%
Insurance Industry Average Movement	5.1%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: CRD.B is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CRD.B's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1941	9,184	Rohit Verma	https://www.crawco.com

Crawford & Company provides claims management and outsourcing solutions for carriers, brokers, and corporations in the United States, the United Kingdom, Europe, Canada, Australia, and internationally. The company’s Crawford Loss Adjusting provides claims management services to insurance companies and self-insured entities risk including property, public liability, automobile, and marine insurances. Its Crawford TPA Solutions segment provides claims and risk management services for corporations in the self-insured or commercially-insured marketplace; desktop claim adjusting and claims evaluation services; initial loss reporting services for claimants; and loss mitigation and risk management information services, as well as administers loss funds established to pay claims.

Crawford Fundamentals Summary

How do Crawford's earnings and revenue compare to its market cap?
CRD.B fundamental statistics
Market Cap	US$371.40m
Earnings (TTM)	US$29.72m
Revenue (TTM)	US$1.13b

12.0x

P/E Ratio

0.3x

P/S Ratio

Is CRD.B overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CRD.B income statement (TTM)
Revenue	US$1.13b
Cost of Revenue	US$830.61m
Gross Profit	US$297.27m
Other Expenses	US$267.54m
Earnings	US$29.72m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.61
Gross Margin	26.36%
Net Profit Margin	2.64%
Debt/Equity Ratio	119.0%

How did CRD.B perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

42%

Payout Ratio

Does CRD.B pay a reliable dividends?

See CRD.B dividend history and benchmarks

When do you need to buy CRD.B by to receive an upcoming dividend?
Crawford dividend dates
Ex Dividend Date	May 26 2022
Dividend Pay Date	Jun 10 2022
Days until Ex dividend	1 day
Days until Dividend pay date	14 days

Does CRD.B pay a reliable dividends?

See CRD.B dividend history and benchmarks

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

39.3%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CRD.B ($7.26) is trading below our estimate of fair value ($11.96)

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

Price To Earnings Ratio

PE vs Industry: CRD.B is poor value based on its Price-To-Earnings Ratio (12x) compared to the US Insurance industry average (11.1x).

PE vs Market: CRD.B is good value based on its Price-To-Earnings Ratio (12x) compared to the US market (14.9x).

Price to Earnings Growth Ratio

PEG Ratio: CRD.B is good value based on its PEG Ratio (0.5x)

Price to Book Ratio

PB vs Industry: CRD.B is overvalued based on its Price-To-Book Ratio (1.8x) compared to the US Insurance industry average (1x).

Future Growth

How is Crawford forecast to perform in the next 1 to 3 years based on estimates from 3 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

22.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRD.B's forecast earnings growth (22.7% per year) is above the savings rate (1.9%).

Earnings vs Market: CRD.B's earnings (22.7% per year) are forecast to grow faster than the US market (12.1% per year).

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

Revenue vs Market: CRD.B's revenue (5.3% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: CRD.B's revenue (5.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

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

Past Performance

How has Crawford performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

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

1.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CRD.B has high quality earnings.

Growing Profit Margin: CRD.B's current net profit margins (2.6%) are lower than last year (4.6%).

Past Earnings Growth Analysis

Earnings Trend: CRD.B's earnings have grown by 1.5% per year over the past 5 years.

Accelerating Growth: CRD.B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CRD.B had negative earnings growth (-35%) over the past year, making it difficult to compare to the Insurance industry average (-2.6%).

Return on Equity

High ROE: CRD.B's Return on Equity (15.2%) is considered low.

Financial Health

How is Crawford's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: CRD.B's short term assets ($349.5M) exceed its short term liabilities ($281.3M).

Long Term Liabilities: CRD.B's short term assets ($349.5M) do not cover its long term liabilities ($368.9M).

Debt to Equity History and Analysis

Debt Level: CRD.B's net debt to equity ratio (93.8%) is considered high.

Reducing Debt: CRD.B's debt to equity ratio has reduced from 138.9% to 119% over the past 5 years.

Debt Coverage: CRD.B's debt is not well covered by operating cash flow (16.1%).

Interest Coverage: CRD.B's interest payments on its debt are well covered by EBIT (7.6x coverage).

Balance Sheet

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

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

3.31%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CRD.B's dividend (3.31%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: CRD.B's dividend (3.31%) is low compared to the top 25% of dividend payers in the US market (4.06%).

Stability and Growth of Payments

Stable Dividend: CRD.B's dividend payments have been volatile in the past 10 years.

Growing Dividend: CRD.B's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (42.5%), CRD.B's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (301.8%), CRD.B's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies

Management

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

4.2yrs

Average management tenure

CEO

Rohit Verma (46 yo)

2yrs

Tenure

US$2,487,739

Compensation

Mr. Rohit Verma serves as Director at Ameritas Mutual Holding Company since December 2021. He serves as Director at Ameritas Holding Co. and Ameritas Life Insurance Corp. since December 2021. He has been C...

CEO Compensation Analysis

Compensation vs Market: Rohit's total compensation ($USD2.49M) is about average for companies of similar size in the US market ($USD2.69M).

Compensation vs Earnings: Rohit's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

Leadership Team

Experienced Management: CRD.B's management team is considered experienced (4.2 years average tenure).

Board Members

Experienced Board: CRD.B's board of directors are considered experienced (4.3 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: CRD.B 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31