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Crawford

NYSE:CRD.B
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CRD.B
NYSE
$490M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The last earnings update was 42 days ago. More info.


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CRD.B Share Price and Events
7 Day Returns
-2.1%
NYSE:CRD.B
0.5%
US Insurance
0.3%
US Market
1 Year Returns
-1.5%
NYSE:CRD.B
12.1%
US Insurance
0.7%
US Market
CRD.B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Crawford (CRD.B) -2.1% -3.9% -9.8% -1.5% 4% -19.4%
US Insurance 0.5% 3.5% 9.2% 12.1% 39.9% 45.3%
US Market 0.3% 0.4% 0.6% 0.7% 37.2% 37.4%
1 Year Return vs Industry and Market
  • CRD.B underperformed the Insurance industry which returned 12.1% over the past year.
  • CRD.B underperformed the Market in United States of America which returned 0.7% over the past year.
Price Volatility
CRD.B
Industry
5yr Volatility vs Market

Value

 Is Crawford undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Crawford to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Crawford.

NYSE:CRD.B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $3.07 * 14.1%
$0.43
Book Value of Equity per Share Median Book Value from the past 5 years. $3.07
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:CRD.B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.69 (1 + (1- 21%) (67.08%))
1.037
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.037 * 5.96%)
8.91%

Discounted Cash Flow Calculation for NYSE:CRD.B using Excess Returns Model Model

The calculations below outline how an intrinsic value for Crawford is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:CRD.B Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.1% – 8.91%) * $3.07)
$0.16
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.16 / (8.91% - 2.73%)
$2.60
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $3.07 + $2.60
$5.67
NYSE:CRD.B Discount to Share Price
Calculation Result
Value per share (USD) From above. $5.67
Current discount Discount to share price of $8.60
= -1 x ($8.60 - $5.67) / $5.67
-51.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Crawford is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Crawford's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Crawford's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CRD.B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.43
NYSE:CRD.B Share Price ** NYSE (2019-06-17) in USD $8.6
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 17.59x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Crawford.

NYSE:CRD.B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CRD.B Share Price ÷ EPS (both in USD)

= 8.6 ÷ 0.43

20.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Crawford is overvalued based on earnings compared to the US Insurance industry average.
  • Crawford is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Crawford's expected growth come at a high price?
Raw Data
NYSE:CRD.B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
29.1%per year
United States of America Insurance Industry PEG Ratio Median Figure of 66 Publicly-Listed Insurance Companies 1.55x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NYSE:CRD.B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.05x ÷ 29.1%

0.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Crawford is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Crawford's assets?
Raw Data
NYSE:CRD.B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $3.03
NYSE:CRD.B Share Price * NYSE (2019-06-17) in USD $8.6
United States of America Insurance Industry PB Ratio Median Figure of 119 Publicly-Listed Insurance Companies 1.21x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NYSE:CRD.B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CRD.B Share Price ÷ Book Value per Share (both in USD)

= 8.6 ÷ 3.03

2.84x

* Primary Listing of Crawford.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Crawford is overvalued based on assets compared to the US Insurance industry average.
X
Value checks
We assess Crawford's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Crawford has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Crawford expected to grow at an attractive rate?
  • Crawford's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Crawford's earnings growth is expected to exceed the United States of America market average.
  • Crawford's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CRD.B Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CRD.B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 29.1%
NYSE:CRD.B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.7%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CRD.B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CRD.B Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,117 42 3
2019-12-31 1,080 38 3
NYSE:CRD.B Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,045 67 24
2018-12-31 1,071 52 26
2018-09-30 1,106 43 12
2018-06-30 1,121 38 16
2018-03-31 1,112 48 29
2017-12-31 1,106 41 28
2017-09-30 1,079 63 37
2017-06-30 1,086 71 37
2017-03-31 1,099 84 35
2016-12-31 1,109 99 36
2016-09-30 1,122 91 -23
2016-06-30 1,138 63 -35

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Crawford's earnings are expected to grow significantly at over 20% yearly.
  • Crawford's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CRD.B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Crawford Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CRD.B Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.72 0.72 0.72 1.00
2019-12-31 0.65 0.65 0.65 1.00
NYSE:CRD.B Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.43
2018-12-31 0.47
2018-09-30 0.22
2018-06-30 0.29
2018-03-31 0.51
2017-12-31 0.49
2017-09-30 0.67
2017-06-30 0.65
2017-03-31 0.63
2016-12-31 0.65
2016-09-30 -0.42
2016-06-30 -0.64

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Crawford will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Crawford's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Crawford has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Crawford performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Crawford's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Crawford's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Crawford's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Crawford's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.
Earnings and Revenue History
Crawford's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Crawford Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CRD.B Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,044.93 23.52 243.73
2018-12-31 1,070.97 25.98 245.01
2018-09-30 1,105.94 12.03 253.11
2018-06-30 1,121.47 15.94 247.48
2018-03-31 1,111.67 28.57 240.80
2017-12-31 1,105.83 27.67 240.02
2017-09-30 1,079.49 37.44 237.35
2017-06-30 1,086.22 36.57 239.31
2017-03-31 1,099.32 35.00 243.05
2016-12-31 1,109.29 35.97 246.42
2016-09-30 1,121.74 -23.47 240.44
2016-06-30 1,137.79 -35.27 241.85
2016-03-31 1,159.84 -39.84 238.01
2015-12-31 1,170.39 -45.49 241.60
2015-09-30 1,170.97 9.50 237.98
2015-06-30 1,171.46 20.55 235.59
2015-03-31 1,155.28 26.96 239.27
2014-12-31 1,142.85 30.62 237.88
2014-09-30 1,142.28 38.13 238.21
2014-06-30 1,141.78 41.35 235.56
2014-03-31 1,152.51 47.89 233.09
2013-12-31 1,163.45 50.98 232.31
2013-09-30 1,191.55 54.34 228.52
2013-06-30 1,200.35 59.15 231.03
2013-03-31 1,195.25 52.56 231.68
2012-12-31 1,176.72 48.89 228.41
2012-09-30 1,129.37 39.20 228.66
2012-06-30 1,110.20 36.28 223.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Crawford has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Crawford used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.
  • Crawford's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Crawford's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Crawford has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Crawford's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Crawford's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Crawford is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Crawford's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Crawford's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Crawford Company Filings, last reported 2 months ago.

NYSE:CRD.B Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 171.63 328.81 49.67
2018-12-31 180.95 190.41 53.12
2018-09-30 196.54 212.95 53.34
2018-06-30 193.35 225.13 46.32
2018-03-31 201.28 267.31 63.96
2017-12-31 193.74 225.67 54.01
2017-09-30 199.13 250.08 73.29
2017-06-30 183.37 247.13 59.96
2017-03-31 174.38 243.96 68.80
2016-12-31 159.26 188.01 81.57
2016-09-30 149.39 214.58 71.66
2016-06-30 141.50 238.07 59.37
2016-03-31 126.09 239.14 53.63
2015-12-31 124.35 247.28 76.07
2015-09-30 176.82 258.89 58.33
2015-06-30 181.11 254.65 62.45
2015-03-31 177.60 245.63 40.84
2014-12-31 179.35 156.81 52.46
2014-09-30 228.76 188.38 44.74
2014-06-30 219.84 191.32 47.73
2014-03-31 205.03 186.24 48.51
2013-12-31 207.53 137.65 75.95
2013-09-30 174.96 185.53 51.14
2013-06-30 169.92 173.90 47.18
2013-03-31 150.36 205.28 59.43
2012-12-31 141.80 167.16 71.16
2012-09-30 169.86 226.50 66.39
2012-06-30 154.80 231.33 45.66
  • Crawford's level of debt (122.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (90.8% vs 122.4% today).
  • Debt is well covered by operating cash flow (31.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.3x coverage).
X
Financial health checks
We assess Crawford's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Crawford has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.33%
Current annual income from Crawford dividends. Estimated to be 2.97% next year.
If you bought $2,000 of Crawford shares you are expected to receive $47 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Crawford's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Crawford's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CRD.B Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CRD.B Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.28 2.00
2019-12-31 0.23 2.00
NYSE:CRD.B Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-09 0.200 2.293
2019-05-06 0.200 2.252
2018-11-05 0.200 2.144
2018-08-06 0.200 2.235
2018-02-09 0.200 2.351
2017-11-06 0.200 2.102
2017-08-09 0.200 1.864
2017-05-11 0.200 2.202
2017-02-10 0.200 1.945
2016-11-07 0.200 1.593
2016-08-08 0.200 1.770
2016-05-09 0.200 2.276
2015-11-09 0.200 3.728
2015-08-03 0.200 3.218
2015-05-12 0.200 2.538
2015-02-23 0.200 2.331
2014-08-04 0.200 2.141
2014-05-08 0.160 1.603
2014-02-26 0.160 1.523
2013-11-04 0.160 1.782
2013-08-05 0.160 1.803
2013-05-09 0.120 1.790
2013-02-13 0.120 1.567
2012-11-05 0.120 1.804
2012-08-06 0.120 2.561
2012-05-09 0.080 2.101
2012-02-13 0.080 1.661
2011-11-07 0.080 1.337
2011-08-08 0.080 1.325
2011-05-05 0.080 1.150
2011-02-07 0.080 1.745

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Crawford has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Crawford only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Crawford's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Crawford's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Crawford afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Crawford has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Crawford's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Harsha Agadi
COMPENSATION $2,227,383
AGE 55
TENURE AS CEO 3 years
CEO Bio

Mr. Harsha V. Agadi has been the Chief Executive Officer and President of Crawford & Company since June 2016. Mr. Agadi has been Chairman and Chief Executive Officer of GHS Holdings LLC. since 2000. Mr. Agadi has been an Executive Chairman of QIP Holder, LLC since February 2012. He serves as the Executive Chairman of Quiznos Canada Restaurant Corporation. He served as Executive Chairman of Quiznos, LLC, a quick service sandwich chain, from February 2012 until August 2014. He served as the President and Chief Operating Officer of Little Caesar Enterprises, Inc. from 1997 to 2000. Mr. Agadi served as Interim Chief Executive Officer and Interim President of Crawford & Company from August 2015 to June 2016. He served as the Chief Executive Officer of Falcon Holdings Management, LLC. He served as the Chairman and Chief Executive Officer of Friendly's Ice Cream, LLC from August 2010 to February 2012. He served as the Chief Executive Officer and President of Cajun Operating Company, Inc. (Formerly Church's Chicken, Inc.) from December 2004 to December 2009 and since December 2004 respectively. Mr. Agadi is an expert on global growth for American companies and regularly speaks at universities, conventions and professional associations. He has over 30 years of experience across several companies, including American Express, PepsiCo Inc. and General Foods. He has managed a $2.0 billion restaurant chain with 4,500 locations across 22 countries. He was highly successful in introducing global brands to the international market through direct investment and master franchising. He was also responsible for opening over 2,000 stores for two competing brands in 10 years, in over 50 countries. He has held executive positions with Kraft Foods Inc., PepsiCo Inc. and Domino's Pizza Inc. He served as an Executive Chairman of QCE Finance LLC. He served as an Independent Director of Belmond Ltd. since June 9, 2011 until April 17, 2019. He has been a Director of Friendly's Ice Cream, LLC. since August 2010; Sbarro LLC since 2009 and Crawford & Company since August 3, 2010. He serves as Director of Quiznos, LLC, The Krystal Company and Orient Express Hotels, Ltd. He serves as Director of Diversified Foodservice Supply, Inc. He serves as a Director at Cajun Operating Company. He serves on the Board of Bijoux Terner, Inc., SKSVMA College of Engineering and Fuqua School of Business, Duke University. From 2000 to 2004, he was an Industrial Partner of Ripplewood Holdings LLC, a private equity investment firm, and in the 1990s held executive positions with other branded restaurant groups. He is on the Board of Eaglebrook School in Massachusetts. Mr. Agadi holds an MBA from Duke University and a B.Com from the University of Bombay in 1984.

CEO Compensation
  • Harsha's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Harsha's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Crawford management team in years:

3.4
Average Tenure
49
Average Age
  • The tenure for the Crawford management team is about average.
Management Team

Harsha Agadi

TITLE
President
COMPENSATION
$2M
AGE
55
TENURE
3 yrs

W. Swain

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
54
TENURE
12.7 yrs

Rohit Verma

TITLE
Executive VP & Global Chief Operating Officer
COMPENSATION
$1M
AGE
43
TENURE
2 yrs

Larry Thomas

TITLE
Executive VP & Global President of Crawford Specialty Solutions
COMPENSATION
$1M
AGE
58
TENURE
20.4 yrs

Danielle Lisenbey

TITLE
Executive VP & Global President of Crawford TPA Solutions
COMPENSATION
$1M
AGE
54

Dalerick Carden

TITLE
Senior VP
AGE
49
TENURE
4.7 yrs

Hilton Sturisky

TITLE
Senior VP & Global Chief Information Officer
AGE
47
TENURE
2.7 yrs

Joseph Blanco

TITLE
Executive VP
AGE
47
TENURE
2.3 yrs

Benedict Burke

TITLE
Chief Client Officer of International & Head of Global Markets
TENURE
4.2 yrs

Bonnie Sawdey

TITLE
Chief People Officer & Senior VP
AGE
49
TENURE
3.4 yrs
Board of Directors Tenure

Average tenure and age of the Crawford board of directors in years:

3.3
Average Tenure
52.5
Average Age
  • The tenure for the Crawford board of directors is about average.
Board of Directors

Charlie Ogburn

TITLE
Non-Executive Chairman of the Board
COMPENSATION
$273K
AGE
62
TENURE
9.4 yrs

Harsha Agadi

TITLE
President
COMPENSATION
$2M
AGE
55
TENURE
8.8 yrs

Rick Williams

TITLE
Independent Director
COMPENSATION
$164K
AGE
62
TENURE
3.3 yrs

Michelle Jarrard

TITLE
Independent Director
COMPENSATION
$62K
AGE
50
TENURE
0.9 yrs

Jesse Crawford

TITLE
Independent Director
COMPENSATION
$152K
AGE
29
TENURE
4.1 yrs

Rahul Patel

TITLE
Independent Director
COMPENSATION
$164K
AGE
45
TENURE
1.9 yrs

Lisa Hannusch

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Crawford insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Jun 19 Buy Jesse Crawford Individual 14. Jun 19 14. Jun 19 5,000 $8.45 $42,232
04. Jun 19 Buy Jesse Crawford Individual 03. Jun 19 03. Jun 19 5,000 $8.37 $41,869
X
Management checks
We assess Crawford's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Crawford has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Crawford & Company (NYSE:CRD.B) Can Impact Your Portfolio Volatility

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … This is reasonably close to the market beta of 1, so the stock has in the past displayed similar levels of volatility to the overall market. … While history does not always repeat, this may indicate that the stock price will continue to be exposed to market risk, albeit not overly so.

Simply Wall St -

Is Crawford & Company (NYSE:CRD.B) A Smart Pick For Income Investors?

Dividend Growth Potential The other half of the dividend investing equation is evaluating whether earnings per share (EPS) are growing. Growing EPS can help maintain or increase the purchasing power of the dividend over the long run. In the last five years, Crawford's earnings per share have shrunk at approximately 14% per annum. If earnings continue to decline, the dividend may come under pressure. Every investor should make an assessment of whether the company is taking steps to stabilise the situation. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Earnings per share have been falling, and the company has a relatively short dividend history - shorter than we like, anyway. … Without at least some growth in earnings per share over time, the dividend will eventually come under pressure either from costs or inflation.

Simply Wall St -

Crawford (NYSE:CRD.B) Shareholders Booked A 25% Gain In The Last Three Years

It hasn't been the best quarter for Crawford & Company (NYSE:CRD.B) shareholders, since the share price has fallen 13% in that time. … While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … During three years of share price growth, Crawford moved from a loss to profitability.

Simply Wall St -

Is Crawford & Company's (NYSE:CRD.B) CEO Pay Justified?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Harsha Agadi's Compensation Compare With Similar Sized Companies. … According to our data, Crawford & Company has a market capitalization of US$481m, and pays its CEO total annual compensation worth US$2.2m.

Simply Wall St -

Can Crawford & Company's (NYSE:CRD.B) ROE Continue To Surpass The Industry Average?

Our data shows Crawford has a return on equity of 14% for the last year. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is It Too Late To Consider Buying Crawford & Company (NYSE:CRD.B)?

As a small cap stock, which tends to lack high analyst coverage, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Is there still an opportunity here to buy. … Today I will analyse the most recent data on Crawford’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Here's What Crawford & Company's (NYSE:CRD.B) P/E Is Telling Us

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Crawford has a price to earnings ratio of 21.84, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Brief Commentary On Crawford & Company's (NYSE:CRD.B) Fundamentals

Crawford & Company (NYSE:CRD.B) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of CRD.B, it

Simply Wall St -

Before You Buy Crawford & Company (NYSE:CRD.B), Consider Its Volatility

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

With A 5.7% Return On Equity, Is Crawford & Company (NYSE:CRD.B) A Quality Stock?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … By way of learning-by-doing, we'll look at ROE to gain a better understanding of Crawford & Company (NYSE:CRD.B). … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses. It also offers services in the areas of field investigation, catastrophe, evaluation, and resolution of property and casualty insurance claims; and various on-demand inspection, verification, and other task specific field services for businesses and consumers through a mobile platform. Its Crawford TPA Solutions segment provides claims and risk management services; desktop claim adjusting and claims evaluation services; initial loss reporting services for claimants; loss mitigation services, such as medical bill review and case management, and vocational rehabilitation services; and risk management information services, as well as administers trust funds established to pay claims. It offers services for workers' compensation, auto and liability, disability absence and medical management, and accident and health markets. The company's Crawford Specialty Solutions segment offers claims management services related to large and complex losses in various industries, such as commercial property, aviation, forensic accounting, marine and transportation, retail, building and construction, cyber, and energy. It also provides a customer-centric solution for various loss types comprising high-frequency and low-complexity claims, and large complex repairs; and outsourced contractor management services to personal and commercial insurance carriers, and consumer markets. The company operates in the United States, the United Kingdom and the rest of Europe, Canada, Australia, and internationally. Crawford & Company was founded in 1941 and is based in Peachtree Corners, Georgia.

Details
Name: Crawford & Company
CRD.B
Exchange: NYSE
Founded: 1941
$490,191,272
53,943,639
Website: http://www.crawco.com
Address: Crawford & Company
5335 Triangle Parkway NW,
Peachtree Corners,
Georgia, 30092,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CRD.B Class B Common Stock New York Stock Exchange US USD 03. Mar 1969
NYSE CRD.A Class A Common Stock New York Stock Exchange US USD 25. Jul 1990
Number of employees
Current staff
Staff numbers
7,562
Crawford employees.
Industry
Insurance Brokers
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 23:34
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/05/06
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.