OTCPK:BZLY.F

Stock Analysis Report

Executive Summary

Beazley plc provides risk insurance and reinsurance solutions worldwide.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.


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


Market Performance


7 Day Return

5.4%

OTCPK:BZLY.F

-1.5%

US Insurance

-1.0%

US Market


1 Year Return

-1.1%

OTCPK:BZLY.F

8.4%

US Insurance

-0.4%

US Market

BZLY.F underperformed the Insurance industry which returned 7.2% over the past year.

BZLY.F matched the United States of America Market (-1.7%) over the past year.


Share holder returns

BZLY.FIndustryMarket
7 Day5.4%-1.5%-1.0%
30 Day3.1%-2.9%-3.3%
90 Dayn/a2.4%0.4%
1 Year-1.1%-1.1%11.0%8.4%1.8%-0.4%
3 Year43.0%43.0%44.7%33.8%39.4%30.4%
5 Year68.7%68.7%66.5%46.8%54.2%37.1%

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

24%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Beazley's share price is below the future cash flow value, and at a moderate discount (> 20%).

Beazley's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Beazley is overvalued based on earnings compared to the US Insurance industry average.

Beazley is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Beazley is poor value based on expected growth next year.


Price Based on Value of Assets

Beazley is overvalued based on assets compared to the US Insurance industry average.


Next Steps

Future Growth

How is Beazley expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

19.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Beazley's revenue is expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).

Beazley's earnings are expected to grow by 19.5% yearly, however this is not considered high growth (20% yearly).

Beazley's revenue growth is expected to exceed the United States of America market average.

Beazley's earnings growth is expected to exceed the United States of America market average.

Beazley's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Beazley is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Beazley performed over the past 5 years?

-20.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Beazley's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Beazley's 1-year earnings growth exceeds its 5-year average (263.7% vs -20.5%)

Beazley's earnings growth has exceeded the US Insurance industry average in the past year (263.7% vs 4.3%).


Return on Equity

Beazley has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Beazley used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.


Return on Capital Employed

Beazley's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Beazley's financial position?


Financial Position Analysis

Beazley is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Beazley's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Beazley's level of debt (22.7%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (22.1% vs 22.7% today).

Debt is well covered by operating cash flow (82.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 9.9x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 21.6x debt.


Next Steps

Dividend

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

2.42%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Beazley's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).

Beazley's dividend is below the markets top 25% of dividend payers in United States of America (3.9%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).


Next Steps

Management

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

4.6yrs

Average management tenure


CEO

David Horton (56yo)

10.9yrs

Tenure

US$1,559,070

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

David's remuneration is lower than average for companies of similar size in United States of America.

David's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.6yrs

Average Tenure

The tenure for the Beazley management team is about average.


Board Age and Tenure

3.1yrs

Average Tenure

56.5yo

Average Age

The tenure for the Beazley board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$37,31927 Mar 19
Adrian Cox
EntityIndividual
Role
Chief Underwriting Officer & Director
Member of the Board of Directors
Shares5,600
Max PriceUS$6.66
SellUS$852,68714 Feb 19
Martin Bride
EntityIndividual
Shares131,107
Max PriceUS$6.50
SellUS$703,28914 Feb 19
David Horton
EntityIndividual
Role
CEO & Executive Director
Member of the Board of Directors
Shares108,136
Max PriceUS$6.50
SellUS$460,94614 Feb 19
Adrian Cox
EntityIndividual
Role
Chief Underwriting Officer & Director
Member of the Board of Directors
Shares70,874
Max PriceUS$6.50
BuyUS$153,48914 Sep 18
Christine LaSala
EntityIndividual
Role
Lead Director
Shares20,700
Max PriceUS$7.41
SellUS$37,73121 Aug 18
George Blunden
EntityIndividual
Shares5,000
Max PriceUS$7.55

Ownership Breakdown


Management Team

  • Adrian Cox (47yo)

    Chief Underwriting Officer & Director

    • Tenure: 0.6yrs
    • Compensation: $1.08m
  • Orville Lewis

    Head of Underwriting Practice

    • Tenure: 13.8yrs
  • King Flynn

    Head of Broker Relations - US

  • Lou Layton

    Head of Broker Relations & Marketing

    • Tenure: 0.7yrs
  • Pippa Vowles

    Head of Talent Management

    • Tenure: 1.2yrs
  • Stuart Simpson

    Chief Investment Officer

  • Sally Lake

    Group Finance Director & Executive Director

    • Tenure: 0.3yrs
  • Andrew Pryde

    Chief Risk Officer

    • Tenure: 8.6yrs
  • Ian Fantozzi

    Chief Operating Officer

    • Tenure: 8.1yrs
  • David Horton (56yo)

    CEO & Executive Director

    • Tenure: 10.9yrs
    • Compensation: $1.56m

Board Members

  • Adrian Cox (47yo)

    Chief Underwriting Officer & Director

    • Tenure: 8.7yrs
    • Compensation: $1.08m
  • Chris LaSala

    Senior Independent Director

    • Tenure: 0.4yrs
    • Compensation: $67.19k
  • David Roberts (57yo)

    Non-Executive Chairman

    • Tenure: 1.4yrs
    • Compensation: $211.46k
  • Bob Stuchbery (62yo)

    Non-Executive Director

    • Tenure: 3.0yrs
    • Compensation: $86.25k
  • Sally Lake

    Group Finance Director & Executive Director

    • Tenure: 0.3yrs
  • Catherine Woods (56yo)

    Non-Executive Director

    • Tenure: 3.6yrs
    • Compensation: $76.79k
  • John Likierman (76yo)

    Non-Executive Director

    • Tenure: 4.4yrs
    • Compensation: $76.00k
  • John Sauerland (55yo)

    Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: $67.19k
  • John Reizenstein (63yo)

    Non-Executive Director

    • Tenure: 0.3yrs
  • David Horton (56yo)

    CEO & Executive Director

    • Tenure: 16.2yrs
    • Compensation: $1.56m

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£3.114b
  • Listing Market Cap: UK£3.783b
  • Shares outstanding: 525.65m
  • Website: Click here

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 SharesUSUSDDec 2002
BEZLSE (London Stock Exchange)YesNew Ordinary SharesGBGBPDec 2002
2D7DB (Deutsche Boerse AG)YesNew Ordinary SharesDEEURDec 2002
BEZLBATS-CHIXE (BATS 'Chi-X Europe')YesNew Ordinary SharesGBGBPDec 2002
BEZ NBMV (Bolsa Mexicana de Valores)YesNew Ordinary SharesMXMXNDec 2002

Biography

Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviati ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 01:06
End of Day Share Price2019/08/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.