NYSE:CRD.B

Stock Analysis Report

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Executive Summary

Crawford & Company provides claims management and outsourcing solutions for carriers, brokers, and corporates in the United States, the United Kingdom, Europe, Canada, Australia, and internationally. More Details


Snowflake Analysis

Moderate growth potential with mediocre balance sheet.

Share Price & News

How has Crawford's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CRD.B's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.9%

CRD.B

-5.4%

US Insurance

-4.6%

US Market


1 Year Return

-29.6%

CRD.B

-15.8%

US Insurance

11.5%

US Market

Return vs Industry: CRD.B underperformed the US Insurance industry which returned -15.8% over the past year.

Return vs Market: CRD.B underperformed the US Market which returned 11.5% over the past year.


Shareholder returns

CRD.BIndustryMarket
7 Day-0.9%-5.4%-4.6%
30 Day1.4%-0.2%-0.9%
90 Day-1.8%-2.9%2.2%
1 Year-28.1%-29.6%-13.6%-15.8%14.0%11.5%
3 Year-38.7%-42.5%-3.8%-10.8%34.5%25.6%
5 Year17.2%4.5%31.1%14.7%73.0%53.6%

Price Volatility Vs. Market

How volatile is Crawford's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

2.38x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CRD.B ($6.28) is trading above our estimate of fair value ($5.63)

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


Price To Earnings Ratio

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

PE vs Market: CRD.B 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 CRD.B's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CRD.B is overvalued based on its PB Ratio (2.3x) compared to the US Insurance industry average (0.9x).


Next Steps

Future Growth

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

65.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRD.B is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

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

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

Revenue vs Market: CRD.B's revenue (1.5% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: CRD.B's revenue (1.5% 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


Next Steps

  • Explore growth companies in the Insurance industry.

Past Performance

How has Crawford performed over the past 5 years?

21.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRD.B is currently unprofitable.

Growing Profit Margin: CRD.B is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CRD.B is unprofitable, but has reduced losses over the past 5 years at a rate of 21.9% per year.

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

Earnings vs Industry: CRD.B is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-3%).


Return on Equity

High ROE: CRD.B has a negative Return on Equity (-3.94%), as it is currently unprofitable.


Next Steps

Financial Health

How is Crawford's financial position?


Financial Position Analysis

Short Term Liabilities: CRD.B's short term assets ($324.6M) exceed its short term liabilities ($234.7M).

Long Term Liabilities: CRD.B's short term assets ($324.6M) do not cover its long term liabilities ($362.9M).


Debt to Equity History and Analysis

Debt Level: CRD.B's debt to equity ratio (130.5%) is considered high.

Reducing Debt: CRD.B's debt to equity ratio has reduced from 138.9% to 130.5% over the past 5 years.

Debt Coverage: CRD.B's debt is well covered by operating cash flow (40.2%).

Interest Coverage: CRD.B is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

1.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CRD.B's dividend (1.91%) is higher than the bottom 25% of dividend payers in the US market (1.71%).

High Dividend: CRD.B's dividend (1.91%) is low compared to the top 25% of dividend payers in the US market (4.86%).


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.


Current Payout to Shareholders

Dividend Coverage: CRD.B is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: CRD.B's dividends in 3 years are forecast to be well covered by earnings (24.3% payout ratio).


Next Steps

Management

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

5.4yrs

Average management tenure


CEO

Rohit Verma (45 yo)

0.42

Tenure

US$1,442,248

Compensation

Mr. Rohit Verma has been Chief Executive Officer at Crawford & Company since May 15, 2020. He serves as Employee Director at Crawford & Company since May 15, 2020. He served as Executive Vice President and ...


CEO Compensation Analysis

Compensation vs Market: Rohit's total compensation ($USD1.44M) is about average for companies of similar size in the US market ($USD1.94M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Rohit Verma
CEO & Employee Director0.42yrUS$1.44m0.22%
$ 739.9k
W. Swain
Executive VP & CFO14yrsUS$1.13m0.46%
$ 1.5m
Larry Thomas
Executive VP & Global President of Crawford Specialty Solutions21.75yrsUS$1.18m0.22%
$ 721.8k
Danielle Lisenbey
Executive VP & Global President of Crawford TPA Solutions - Broadspireno dataUS$1.09m0.26%
$ 868.0k
Joseph Blanco
President0.42yrno data0.28%
$ 942.4k
Dalerick Carden
Senior VP6yrsno data0.076%
$ 253.5k
Tami Stevenson
General Counsel & Corporate Secretaryno datano data0.011%
$ 36.4k
Bonnie Sawdey
Chief People Officer & Senior VP4.75yrsno data0.12%
$ 388.4k
David Damsell
Head of Corporate & Major Incident Teamno datano datano data
Robert Cormican
Senior Vice President of Compliance & Qualityno datano datano data
Benedict Burke
Chief Client Officer of Global Client Developmentno datano data0.039%
$ 130.0k
Richard Martin
Senior Vice Presidentno datano datano data

5.4yrs

Average Tenure

53.5yo

Average Age

Experienced Management: CRD.B's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rohit Verma
CEO & Employee Director0.42yrUS$1.44m0.22%
$ 739.9k
Joseph Blanco
President0.42yrno data0.28%
$ 942.4k
Harsha Agadi
Director10.17yrsUS$2.01m0.53%
$ 1.8m
Jesse Crawford
Independent Director34.5yrsUS$179.99k44.86%
$ 150.0m
Charles Ogburn
Independent Non-Executive Chairman of the Board10.75yrsUS$280.48k0.82%
$ 2.7m
Lisa Hannusch
Independent Director1.42yrsUS$105.34k0.036%
$ 120.2k
Rahul Patel
Independent Director3.25yrsUS$171.49k0.090%
$ 301.0k
Inga Beale
Independent Director0.58yrno data0.017%
$ 57.4k
Donald Williams
Independent Director4.58yrsUS$177.99k0.10%
$ 334.5k
Michelle Jarrard
Independent Director2.25yrsUS$167.99k0.044%
$ 148.2k
Jesse Crawford
Independent Director5.42yrsUS$156.49k2.27%
$ 7.6m

3.3yrs

Average Tenure

56yo

Average Age

Experienced Board: CRD.B's board of directors are considered experienced (3.3 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.


Top Shareholders

Company Information

Crawford & Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Crawford & Company
  • Ticker: CRD.B
  • Exchange: NYSE
  • Founded: 1941
  • Industry: Insurance Brokers
  • Sector: Insurance
  • Market Cap: US$334.414m
  • Shares outstanding: 53.15m
  • Website: https://www.crawco.com

Number of Employees


Location

  • Crawford & Company
  • 5335 Triangle Parkway
  • Peachtree Corners
  • Atlanta
  • Georgia
  • 30092-6500
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRD.BNYSE (New York Stock Exchange)YesClass B Common StockUSUSDMar 1969
CRD.ANYSE (New York Stock Exchange)Class A Common StockUSUSDJul 1990

Biography

Crawford & Company provides claims management and outsourcing solutions for carriers, brokers, and corporates in the United States, the United Kingdom, Europe, Canada, Australia, and internationally. The c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 00:25
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.