| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
MKL Stock Overview
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East.
Markel Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$1,325.11 |
| 52 Week High | US$1,519.25 |
| 52 Week Low | US$1,155.00 |
| Beta | 0.75 |
| 1 Month Change | -10.16% |
| 3 Month Change | 5.09% |
| 1 Year Change | 10.33% |
| 3 Year Change | 25.29% |
| 5 Year Change | 38.54% |
| Change since IPO | 5,855.55% |
Recent News & Updates
Shareholder Returns
| MKL | US Insurance | US Market | |
|---|---|---|---|
| 7D | 3.0% | -0.07% | 0.7% |
| 1Y | 10.3% | 0.6% | -10.8% |
Return vs Industry: MKL exceeded the US Insurance industry which returned 0.3% over the past year.
Return vs Market: MKL exceeded the US Market which returned -10.4% over the past year.
Price Volatility
| MKL volatility | |
|---|---|
| MKL Average Weekly Movement | 3.6% |
| 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: MKL is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MKL's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1930 | 20,300 | Tom Gayner | https://www.markel.com |
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind. This segment also offers credit and surety products, and collateral protection insurance products.
Markel Fundamentals Summary
| MKL fundamental statistics | |
|---|---|
| Market Cap | US$17.98b |
| Earnings (TTM) | US$1.76b |
| Revenue (TTM) | US$12.55b |
10.2x
P/E Ratio1.4x
P/S RatioIs MKL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MKL income statement (TTM) | |
|---|---|
| Revenue | US$12.55b |
| Cost of Revenue | US$6.03b |
| Gross Profit | US$6.52b |
| Other Expenses | US$4.76b |
| Earnings | US$1.76b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 130.05 |
| Gross Margin | 51.95% |
| Net Profit Margin | 14.06% |
| Debt/Equity Ratio | 30.4% |
How did MKL perform over the long term?
See historical performance and comparisonValuation
Is Markel undervalued compared to its fair value and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
17.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MKL ($1325.11) is trading below our estimate of fair value ($1598.4)
Significantly Below Fair Value: MKL is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MKL is good value based on its PE Ratio (10.2x) compared to the US Insurance industry average (11.2x).
PE vs Market: MKL is good value based on its PE Ratio (10.2x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: MKL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MKL is overvalued based on its PB Ratio (1.3x) compared to the US Insurance industry average (1x).
Future Growth
How is Markel forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-16.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MKL's earnings are forecast to decline over the next 3 years (-16.7% per year).
Earnings vs Market: MKL's earnings are forecast to decline over the next 3 years (-16.7% per year).
High Growth Earnings: MKL's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MKL's revenue (6% per year) is forecast to grow slower than the US market (8% per year).
High Growth Revenue: MKL's revenue (6% 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 MKL's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Markel performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
44.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MKL has high quality earnings.
Growing Profit Margin: MKL's current net profit margins (14.1%) are lower than last year (22.3%).
Past Earnings Growth Analysis
Earnings Trend: MKL's earnings have grown significantly by 44.5% per year over the past 5 years.
Accelerating Growth: MKL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MKL had negative earnings growth (-35.6%) over the past year, making it difficult to compare to the Insurance industry average (-2.6%).
Return on Equity
High ROE: MKL's Return on Equity (12.5%) is considered low.
Financial Health
How is Markel's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: MKL's short term assets ($19.1B) exceed its short term liabilities ($6.6B).
Long Term Liabilities: MKL's short term assets ($19.1B) do not cover its long term liabilities ($27.8B).
Debt to Equity History and Analysis
Debt Level: MKL has more cash than its total debt.
Reducing Debt: MKL's debt to equity ratio has increased from 29.5% to 30.4% over the past 5 years.
Debt Coverage: MKL's debt is well covered by operating cash flow (53.5%).
Interest Coverage: MKL's interest payments on its debt are well covered by EBIT (12.9x coverage).
Balance Sheet
Dividend
What is Markel current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MKL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MKL'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 MKL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MKL's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as MKL has not reported any payouts.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Tom Gayner (60 yo)
6.33yrs
Tenure
US$4,624,603
Compensation
Mr. Thomas Sinnickson Gayner, also known as Tom, serves as Co-Chief Executive Officer at Markel Corporation since January 1, 2016. Mr. Gayner served as the Co-Chief Executive Officer at Markel Ventures, In...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD4.62M) is below average for companies of similar size in the US market ($USD13.26M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: MKL's management team is considered experienced (3.5 years average tenure).
Board Members
Experienced Board: MKL's board of directors are considered experienced (4.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MKL 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
Markel Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Markel Corporation
- Ticker: MKL
- Exchange: NYSE
- Founded: 1930
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Implied Market Cap: US$17.984b
- Shares outstanding: 13.57m
- Website: https://www.markel.com
Number of Employees
Location
- Markel Corporation
- 4521 Highwoods Parkway
- Glen Allen
- Virginia
- 23060-6148
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/16 00:00 |
| End of Day Share Price | 2022/05/16 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.