Financials Beazley plc

Equities

BEZ

GB00BYQ0JC66

Property & Casualty Insurance

Market Closed - London S.E. 11:35:08 2024-06-14 am EDT 5-day change 1st Jan Change
654.5 GBX -1.87% Intraday chart for Beazley plc -4.10% +25.38%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,870 3,014 3,820 5,468 4,404 5,382 - -
Enterprise Value (EV) 1 4,146 3,014 3,820 6,030 4,958 5,945 5,945 5,382
P/E ratio 16.5 x -57.9 x 12.7 x 39.5 x 5.44 x 6.63 x 5.59 x 5.13 x
Yield 2.16% - 2.79% 1.96% 2.73% 2.34% 2.94% 3.33%
Capitalization / Revenue 1.29 x 0.85 x 0.83 x 1.04 x 0.79 x 0.9 x 0.83 x 0.8 x
EV / Revenue 1.38 x 0.85 x 0.83 x 1.14 x 0.89 x 0.99 x 0.91 x 0.8 x
EV / EBITDA 13,292,093 x - 8,812,222 x 24,315,755 x 3,732,703 x - - -
EV / FCF 9.13 x 6.5 x 3.33 x 5.62 x 14.7 x 10.6 x 10 x 9.33 x
FCF Yield 10.9% 15.4% 30% 17.8% 6.82% 9.46% 9.98% 10.7%
Price to Book 2.42 x 1.66 x 1.74 x 2 x 1.11 x 1.24 x 1.08 x 0.91 x
Nbr of stocks (in thousands) 524,852 604,627 605,541 665,301 662,732 648,463 - -
Reference price 2 7.373 4.986 6.309 8.219 6.645 8.300 8.300 8.300
Announcement Date 2/6/20 2/5/21 2/10/22 3/2/23 3/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,004 3,564 4,619 5,269 5,601 5,979 6,519 6,733
EBITDA 311.9 - 433.5 248 1,328 - - -
EBIT 1 295.4 -10.2 408.1 230.4 1,295 1,005 1,121 1,138
Operating Margin 9.83% -0.29% 8.84% 4.37% 23.12% 16.81% 17.2% 16.9%
Earnings before Tax (EBT) 1 267.7 -50.4 369.2 191 1,254 1,081 1,185 1,221
Net income 1 234.1 -46.1 308.7 160.8 1,027 800.6 887.5 910.1
Net margin 7.79% -1.29% 6.68% 3.05% 18.33% 13.39% 13.61% 13.52%
EPS 2 0.4463 -0.0861 0.4976 0.2080 1.221 1.251 1.485 1.619
Free Cash Flow 1 453.9 463.9 1,147 1,073 338 562.4 593.4 577
FCF margin 15.11% 13.02% 24.84% 20.37% 6.03% 9.41% 9.1% 8.57%
FCF Conversion (EBITDA) 145.53% - 264.66% 432.7% 25.45% - - -
FCF Conversion (Net income) 193.89% - 371.66% 667.35% 32.92% 70.25% 66.86% 63.4%
Dividend per Share 2 0.1591 - 0.1759 0.1612 0.1817 0.1940 0.2439 0.2761
Announcement Date 2/6/20 2/5/21 2/10/22 3/2/23 3/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 1,520 1,664 1,900 2,035 2,584 2,555 2,714 2,921 2,680 2,898 2,898
EBITDA - - - - - - - - - - -
EBIT 1 - 10.4 - 178.7 - 61.8 - - 907.3 552.8 552.8
Operating Margin - 0.63% - 8.78% - 2.42% - - 33.85% 19.07% 19.07%
Earnings before Tax (EBT) 101.3 -13.8 -36.6 167.3 201.9 22.3 168.7 366.4 888 - -
Net income 95.5 -12.7 - 139.5 169.2 13.9 146.9 284.1 742.7 - -
Net margin 6.28% -0.76% - 6.85% 6.55% 0.54% 5.41% 9.73% 27.71% - -
EPS 0.1824 - - 0.2380 0.2427 0.0230 0.1850 - 0.8780 - -
Dividend per Share 0.1062 - - - 0.1759 - 0.1612 - 0.1817 - -
Announcement Date 2/6/20 7/23/20 2/5/21 7/23/21 2/10/22 7/22/22 3/2/23 9/7/23 3/7/24 - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 276 - - 563 555 563 563 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.8859 x - - 2.268 x 0.4175 x - - -
Free Cash Flow 1 454 464 1,147 1,073 338 562 593 577
ROE (net income / shareholders' equity) 15% -2.68% 15.7% 6.84% 30% 20.2% 20% 19.2%
ROA (Net income/ Total Assets) 2.82% -0.47% 2.64% 1.15% 8.09% 6.31% 5.78% 5.37%
Assets 1 8,304 9,731 11,698 13,953 12,689 12,696 15,366 16,938
Book Value Per Share 2 3.040 3.010 3.620 4.100 6.000 6.680 7.720 9.120
Cash Flow per Share 2 0.0900 0.8200 1.900 1.770 0.5800 0.8000 1.060 0.8600
Capex 1 - 12.9 22.2 23.7 55.2 23.2 23.9 24.7
Capex / Sales - 0.36% 0.48% 0.45% 0.99% 0.39% 0.37% 0.37%
Announcement Date 2/6/20 2/5/21 2/10/22 3/2/23 3/7/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
8.3 USD
Average target price
10.51 USD
Spread / Average Target
+26.59%
Consensus
  1. Stock Market
  2. Equities
  3. BEZ Stock
  4. Financials Beazley plc