SKWD Stock Fair Value – SKYWARD SPECIALTY INSURANCE Reports 48.2% Revenue Increase and 280% Net Income Increase for FY2023 Second Quarter
August 13, 2023
☀️Earnings Overview
For the second quarter of FY2023, ending June 30 2023, SKYWARD SPECIALTY INSURANCE ($NASDAQ:SKWD) reported total revenue of USD 210.5 million and net income of USD 19.4 million, showing an impressive year-over-year increase of 48.2% and 280%, respectively.
Analysis – SKWD Stock Fair Value
GoodWhale has helped to analyze SKYWARD SPECIALTY INSURANCE’s financials and the fair value of its share is estimated to be around $23.1. This is determined through GoodWhale’s proprietary Valuation Line. This is based on the current market conditions and is expected to stay the same in the near future. Investors should consider this when investing in SKYWARD SPECIALTY INSURANCE stocks. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SKWD. More…
| Total Revenues | Net Income | Net Margin |
| 758.14 | 43.03 | 7.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SKWD. More…
| Operations | Investing | Financing |
| 253.4 | -315.79 | 66.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SKWD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.81k | 2.28k | 13.87 |
Key Ratios Snapshot
Some of the financial key ratios for SKWD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 10.0% |
| FCF Margin | ROE | ROA |
| 33.0% | 9.2% | 1.7% |
Peers
Skyward Specialty Insurance Group Inc is an insurance company that provides comprehensive coverage and specialized protection. They are one of many companies that offer specialized services in the insurance industry, competing in the same space as Kemper Corp, Kinsale Capital Group Inc, and Safety Insurance Group Inc. All of these organizations provide specialized protection to their customers, and strive to ensure they are getting the best coverage for their needs.
– Kemper Corp ($NYSE:KMPR)
Kemper Corporation is a financial services holding company that offers insurance, investment and banking products to its customers. It has a market capitalization of 4.03 billion dollars as of 2023, which indicates the public’s confidence in the company’s performance. The company also has a negative return on equity (ROE) of -8.57%, which indicates that the company is underperforming relative to its peers. This may be because of the volatile nature of the insurance and banking sectors, as well as other factors that may be impacting the company’s performance.
– Kinsale Capital Group Inc ($NYSE:KNSL)
Kinsale Capital Group Inc is an insurance holding company based in Virginia, USA. It focuses on providing specialty insurance products and services to clients across the United States. Its market cap as of 2023 is 7.32 billion, which makes it a large-cap company with a substantial footprint in the insurance industry. Moreover, it has an impressive Return on Equity (ROE) of 20.16%, indicating that the company is generating substantial returns for its shareholders. Kinsale Capital Group Inc offers a wide array of insurance products and services to its clients including property & casualty, professional liability, and surety bonds. In addition, the company offers risk management services to help its clients minimize their financial risks.
– Safety Insurance Group Inc ($NASDAQ:SAFT)
Safety Insurance Group Inc. is an insurance holding company based in Boston, Massachusetts. The company primarily provides private passenger automobile and commercial automobile insurance policies in Massachusetts and New Hampshire. Safety Insurance has a market cap of 1.17 billion as of 2023, and a return on equity of 4.71%. This indicates that the company is doing well in terms of generating returns for its shareholders. The company has been able to maintain a stable market cap over the years, despite volatile market conditions, as well as a healthy return on equity. This demonstrates the company’s strong financial performance, as well as its ability to effectively manage its operations.
Summary
SKYWARD SPECIALTY INSURANCE has shown strong growth in the second quarter of FY2023, ending June 30 2023. Total revenue has increased 48.2% year over year to USD 210.5 million, while net income has increased a staggering 280% to USD 19.4 million. These impressive figures indicate that SKYWARD SPECIALTY INSURANCE is a great investment opportunity for those looking for growth potential. The company appears to be well situated to continue its upward trajectory in the future and investors should consider investing in SKYWARD SPECIALTY INSURANCE.
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