OTCPK:BZLY.F

Stock Analysis Report

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Executive Summary

Beazley plc provides risk insurance and reinsurance solutions in the United States, Europe, and internationally.


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BZLY.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.3%

BZLY.F

2.8%

US Insurance

1.9%

US Market


1 Year Return

-19.9%

BZLY.F

-11.7%

US Insurance

16.4%

US Market

Return vs Industry: BZLY.F underperformed the US Insurance industry which returned -12.6% over the past year.

Return vs Market: BZLY.F underperformed the US Market which returned 16.3% over the past year.


Shareholder returns

BZLY.FIndustryMarket
7 Day1.3%2.8%1.9%
30 Day7.9%7.6%4.5%
90 Day10.9%17.7%17.6%
1 Year-19.9%-19.9%-9.4%-11.7%18.9%16.4%
3 Year-16.2%-16.2%5.4%-2.5%44.1%34.8%
5 Year3.2%3.2%35.1%18.1%75.3%56.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

14.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BZLY.F ($5.49) is trading below our estimate of fair value ($6.4)

Significantly Below Fair Value: BZLY.F is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BZLY.F is poor value based on its PE Ratio (36.8x) compared to the US Insurance industry average (16.4x).

PE vs Market: BZLY.F is poor value based on its PE Ratio (36.8x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: BZLY.F is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: BZLY.F is overvalued based on its PB Ratio (1.7x) compared to the US Insurance industry average (0.9x).


Next Steps

Future Growth

How is Beazley forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

38.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BZLY.F's forecast earnings growth (38.6% per year) is above the savings rate (2.2%).

Earnings vs Market: BZLY.F's earnings (38.6% per year) are forecast to grow faster than the US market (23.1% per year).

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

Revenue vs Market: BZLY.F's revenue (9% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: BZLY.F's revenue (9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BZLY.F's Return on Equity is forecast to be low in 3 years time (15.9%).


Next Steps

Past Performance

How has Beazley performed over the past 5 years?

-16.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BZLY.F has high quality earnings.

Growing Profit Margin: BZLY.F's current net profit margins (3.1%) are lower than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: BZLY.F's earnings have declined by 16.9% per year over the past 5 years.

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

Earnings vs Industry: BZLY.F had negative earnings growth (-48.2%) over the past year, making it difficult to compare to the Insurance industry average (-4%).


Return on Equity

High ROE: BZLY.F's Return on Equity (4.5%) is considered low.


Next Steps

Financial Health

How is Beazley's financial position?


Financial Position Analysis

Short Term Liabilities: BZLY.F's short term assets ($9.2B) exceed its short term liabilities ($715.0M).

Long Term Liabilities: BZLY.F's short term assets ($9.2B) exceed its long term liabilities ($7.3B).


Debt to Equity History and Analysis

Debt Level: BZLY.F's debt to equity ratio (30.4%) is considered satisfactory.

Reducing Debt: BZLY.F's debt to equity ratio has increased from 19.2% to 30.4% over the past 5 years.

Debt Coverage: BZLY.F's debt is well covered by operating cash flow (99.9%).

Interest Coverage: BZLY.F's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


Next Steps

Dividend

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

2.70%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BZLY.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BZLY.F'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 BZLY.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BZLY.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BZLY.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BZLY.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

David Horton (57 yo)

11.92yrs

Tenure

US$2,193,726

Compensation

Mr. David Andrew Horton serves as Director of Lloyd's Syndicate - 6107. He joined Beazley in June 2003 as finance director. Mr. Horton serves as Chief Executive Officer and Director at Lloyd's Syndicate - ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD2.86M) is below average for companies of similar size in the US market ($USD5.74M).

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


Leadership Team

NamePositionTenureCompensationOwnership
David Horton
CEO & Executive Director 11.92yrsUS$2.19m0.32%
$ 10.7m
Sally Lake
Group Finance Director & Executive Director1.25yrsUS$804.03k0.013%
$ 431.3k
Ian Fantozzi
Chief Operating Officer9.08yrsno datano data
Stuart Simpson
Chief Investment Officerno datano datano data
Mark Moerdyk
Chief Technology Officerno datano datano data
Katia Mullier
Senior Compliance Officer0.75yrno datano data
Lou Layton
Head of Broker Relations & Marketingno datano datano data
Rachel Turk
Head of Corporate Development0.83yrno datano data
Georgina Peters-Venzano
Chief Marketing Officer0.42yrno datano data
Pippa Vowles
Head of Talent Management2.08yrsno datano data
W. Flynn
Head of Broker Relations - USno datano datano data
Andrew Pryde
Chief Risk Officer9.58yrsno datano data

1.7yrs

Average Tenure

45yo

Average Age

Experienced Management: BZLY.F's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
David Horton
CEO & Executive Director 11.92yrsUS$2.19m0.32%
$ 10.7m
Sally Lake
Group Finance Director & Executive Director1.25yrsUS$804.03k0.013%
$ 431.3k
David Roberts
Independent Chairman2.42yrsUS$257.50k0.0084%
$ 281.3k
Robert Stuchbery
Independent Non-Executive Director4yrsUS$89.50k0.010%
$ 346.2k
John Likierman
Independent Non-Executive Director5.42yrsUS$78.50k0.0016%
$ 55.2k
John Sauerland
Independent Non-Executive Director4.25yrsUS$69.77k0.0050%
$ 166.1k
Anthony Reizenstein
Independent Non-Executive Director1.33yrsUS$71.35k0.0016%
$ 55.2k
Catherine Woods
Independent Non-Executive Director4.58yrsUS$80.13k0.0050%
$ 166.1k
Adrian Cox
Chief Underwriting Officer & Executive Director9.67yrsUS$1.65m0.16%
$ 5.4m
Christine LaSala
Senior Independent Non-Executive Director1.42yrsUS$78.31k0.0066%
$ 221.7k
Nicola Hodson
Independent Non-Executive Director1.33yrsUS$44.55kno data

4.0yrs

Average Tenure

58yo

Average Age

Experienced Board: BZLY.F's board of directors are considered experienced (4 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 been diluted in the past year, with total shares outstanding growing by 15%.


Top Shareholders

Company Information

Beazley plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Beazley plc
  • Ticker: BZLY.F
  • Exchange: OTCPK
  • Founded: 1986
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: UK£2.564b
  • Listing Market Cap: UK£3.348b
  • Shares outstanding: 604.25m
  • Website: https://www.beazley.com

Number of Employees


Location

  • Beazley plc
  • Plantation Place South
  • 60 Great Tower Street
  • London
  • Greater London
  • EC3R 5AD
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BZLY.FOTCPK (Pink Sheets LLC)YesNew Ordinary SharesUSUSDNov 2002
BEZLSE (London Stock Exchange)YesNew Ordinary SharesGBGBPNov 2002
2D7DB (Deutsche Boerse AG)YesNew Ordinary SharesDEEURNov 2002
BEZLBATS-CHIXE (BATS 'Chi-X Europe')YesNew Ordinary SharesGBGBPNov 2002
BEZ NBMV (Bolsa Mexicana de Valores)YesNew Ordinary SharesMXMXNNov 2002

Biography

Beazley plc provides risk insurance and reinsurance solutions in the United States, Europe, and internationally. The company's Marine segment underwrites various marine classes, including hull, energy, car ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 23:49
End of Day Share Price2020/08/04 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.