BRO Stock Fair Value Calculation – Brown & Brown Reports Record Breaking Earnings and Revenue
April 26, 2023
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Brown & Brown ($NYSE:BRO) Inc. recently reported record-breaking earnings and revenue for the quarter. The insurance services firm reported non-GAAP earnings per share of $0.84, which was $0.03 higher than expectations. They also exceeded their forecasted revenue of $1.12 billion by $50 million. Brown & Brown is a leading insurance services firm that works with clients across the United States and abroad. They specialize in risk management, employee benefits, and more.
They provide property and casualty insurance, life insurance and annuities, and other lines of coverage to customers. They are committed to helping their clients manage risks and achieve success. The record-breaking earnings and revenue are indicative of Brown & Brown’s commitment to providing the highest level of service to their clients. By exceeding expectations, they have proven that they are a reliable partner for businesses and individuals looking for comprehensive protection from many types of risks.
Price History
The company’s stock opened at $60.0 and closed at $63.0, a 3.2% increase from its prior closing price of 61.1. The surge in stock prices could be attributed to the good news of record earnings and revenue reported by BROWN & BROWN. As the company continues to expand and earn more revenue, investors are optimistic that the stock will remain at the current high level. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BRO. More…
| Total Revenues | Net Income | Net Margin |
| 3.56k | 659.1 | 17.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BRO. More…
| Operations | Investing | Financing |
| 881.4 | -1.91k | 1.73k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BRO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.97k | 9.37k | 16.27 |
Key Ratios Snapshot
Some of the financial key ratios for BRO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.3% | 19.1% | 28.7% |
| FCF Margin | ROE | ROA |
| 23.3% | 14.4% | 4.6% |
Analysis – BRO Stock Fair Value Calculation
GoodWhale recently conducted an analysis of BROWN & BROWN’s wellbeing and our proprietary Valuation Line was used to calculate the intrinsic value of their shares. Our analysis found that the intrinsic value of BROWN & BROWN share to be around $64.4. Currently, BROWN & BROWN stock is being traded at $63.0, which is a fair price and is undervalued by 2.2%. More…
Peers
Brown & Brown, Inc. is an American insurance brokerage firm. Its competitors in the insurance brokerage industry are Tian Ruixiang Holdings Ltd, Fanhua Inc, and China United Insurance Service Inc.
– Tian Ruixiang Holdings Ltd ($NASDAQ:TIRX)
Tian Ruixiang Holdings Ltd is a Chinese holding company with investments in a range of businesses, including real estate, education, and healthcare. The company has a market cap of 6.97M as of 2022 and a Return on Equity of -5.01%. Tian Ruixiang’s real estate business is its largest segment, accounting for around half of its revenue. The company’s education business includes a range of schools and colleges, while its healthcare business comprises a hospital and a number of clinics.
– Fanhua Inc ($NASDAQ:FANH)
Fanhua Inc. is a provider of financial services in China. The Company offers property and casualty insurance, life insurance, and reinsurance products. It also provides auto financing, rural financing, and other services. The Company operates through four segments: Insurance Agency, Reinsurance, Auto Finance and Rural Finance.
– China United Insurance Service Inc ($OTCPK:CUII)
54.82M
China United Insurance Service Inc is an insurance company that focuses on providing insurance services to businesses and individuals in China. The company has a market cap of $54.82M and a ROE of 29.69%. The company offers a variety of insurance products, including life, health, and property insurance.
Summary
The revenue also exceeded analyst estimates, coming in at $1.12B, $50M above the analysts’ consensus estimate. The stock price reacted positively on the news, and investors appear to be encouraged by the strong results. With no major changes in the broader market, it is clear that the strong performance of Brown & Brown caused the stock to rise. This indicates that investors have confidence in the company’s ability to generate growth and create value in the future.
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