Beazley (BEZ)

Sector:

Insurance

Index:

FTSE 250

478.60p
   
  • Change Today:
      6.00p
  • 52 Week High: 504.00
  • 52 Week Low: 294.40
  • Currency: UK Pounds
  • Shares Issued: 609.90m
  • Volume: 919,505
  • Market Cap: £2,918.96m
  • RiskGrade: 236

Key Financials

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Growth Metrics 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Annualisation Factor n/a 1.0 1.0 1.0 0.2
Dividend Yield 3.0% 0.0% 1.8% 2.4% 2.2%
           
Continuing Operations          
PE Ratio - Adjusted 11.5 n/a 15.7 48.8 27.0
PE Ratio - Diluted 11.7
11.5
n/a
n/a
15.9
15.9
49.6
49.6
27.6
27.7
PEG - Adjusted n/a n/a 0.1 n/a n/a
PEG - Diluted n/a
n/a
n/a
n/a
0.1
0.1
n/a
n/a
n/a
n/a
Return on Capital Employed n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Operating Margin 8.84%
8.84%
(0.29%)
(0.29%)
8.91%
8.91%
2.21%
2.21%
2.21%
2.21%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 1,144.2 n/a 15.7 48.8 107.9
PE Ratio - Diluted 1,157.8
1,143.3
n/a
n/a
15.9
15.9
49.6
49.6
110.5
110.7
PEG - Adjusted n/a n/a 0.1 0.5 n/a
PEG - Diluted n/a
n/a
n/a
n/a
0.1
0.1
0.5
0.5
n/a
n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Net Gearing 2.22% 18.74% 19.42% 1.39% (4.88%)

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Value Metrics 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 331.24¢ 293.34¢ 286.25¢ 256.19¢ 262.32¢
Net Cash per Share n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Annualised Fundamentals 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Continuing Operations          
Revenue 46.62 3,563.80 3,003.90 2,615.30 585.55
EBITDA 4.12
4.12
(10.20)
(10.20)
267.70
267.70
72.40
72.40
16.49
16.49
Depreciation n/a
n/a
n/a
n/a
n/a
n/a
(14.70)
(14.70)
(3.57)
(3.57)
Net Interest (0.39)
(0.39)
(40.20)
(40.20)
n/a
n/a
18.70
18.70
29.03
29.03
Profit Before Tax 3.73
3.73
(50.40)
(50.40)
267.70
267.70
76.40
76.40
41.97
41.97
           
Revenue per Share 7.69¢ 621.09¢ 572.06¢ 499.87¢ 112.50¢
Pre-Tax Profit per Share 0.61¢
0.61¢
(8.78¢)
(8.78¢)
50.98¢
50.98¢
14.60¢
14.60¢
8.06¢
8.06¢
Market Capitalisation $ (Millions) 2,840.70 2,220.05 3,385.72 2,657.47 2,810.40
Enterprise Value (EV) $ (Millions) 2,955.60 2,424.25 3,582.82 2,658.87 3,177.70
EBITDA/EV 0.14%
0.14%
(0.42%)
(0.42%)
7.47%
7.47%
2.72%
2.72%
0.52%
0.52%
Operating Margin 8.84%
8.84%
(0.29%)
(0.29%)
8.91%
8.91%
2.21%
2.21%
2.21%
2.21%
Capital Employed $ (Millions) 2,646.30 2,332.40 2,116.80 1,706.20 1,742.60
Return on Capital Employed n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Invested Equity Capital $ (Millions) 2,130.80 1,810.10 1,644.80 1,476.00 1,508.80
           
Earnings per Share - Basic 50.90¢
50.94¢
(8.00¢)
(8.03¢)
44.60¢
44.58¢
13.00¢
13.04¢
25.00¢
24.98¢
Earnings per Share - Diluted 50.30¢
50.94¢
(8.00¢)
(8.03¢)
44.00¢
43.97¢
12.80¢
12.79¢
24.40¢
24.36¢
Earnings per Share - Adjusted 50.90¢ (8.00)¢ 44.60¢ 13.00¢ 25.00¢
Earnings per Share Growth - Basic n/a
n/a
n/a
n/a
243%
242%
-48%
-48%
-52%
-54%
Earnings per Share Growth - Diluted n/a
n/a
n/a
n/a
244%
244%
-48%
-48%
-52%
-54%
Earnings per Share Growth - Adjusted n/a n/a 243% -48% -52%
PE Ratio - Diluted 11.7
11.5
n/a
n/a
15.9
15.9
49.6
49.6
27.6
27.7
PEG - Diluted n/a
n/a
n/a
n/a
0.1
0.1
n/a
n/a
n/a
n/a
Tax Rate 16.39% 8.53% 12.55% 10.73% 22.63%
Dividend Cover 2.93
2.93
n/a
n/a
3.63
3.62
0.87
0.87
1.67
1.67
Interest Cover 10.49
10.49
(0.25)
(0.25)
n/a
n/a
4.41
4.41
8.60
8.60
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 0.51¢
0.51¢
(8.00¢)
(8.03¢)
44.60¢
44.58¢
13.00¢
13.04¢
6.25¢
6.24¢
Earnings per Share - Diluted 0.51¢
0.51¢
(8.00¢)
(8.03¢)
44.00¢
43.97¢
12.80¢
12.79¢
6.10¢
6.09¢
Earnings per Share - Adjusted 0.51¢ (8.00¢) 44.60¢ 13.00¢ 6.25¢
Earnings per Share Growth - Basic n/a
n/a
n/a
n/a
243%
242%
108%
109%
-88%
-89%
Earnings per Share Growth - Diluted n/a
n/a
n/a
n/a
244%
244%
110%
110%
-88%
-88%
Earnings per Share Growth - Adjusted n/a n/a 243% 108% -88%
PE Ratio - Diluted 1,157.8
1,143.3
n/a
n/a
15.9
15.9
49.6
49.6
110.5
110.7
PEG - Diluted n/a
n/a
n/a
n/a
0.1
0.1
0.5
0.5
n/a
n/a
Dividend Cover 0.03
0.03
n/a
n/a
3.63
3.62
0.87
0.87
0.42
0.42
Return on Equity (ROE) 0.15%
0.15%
(2.55%)
(2.55%)
14.23%
14.23%
4.62%
4.62%
2.15%
2.15%
Operating Cash Flow per Share 192.99¢ 83.09¢ 87.64¢ 53.27¢ 49.74¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 0.35¢ 7.44¢ (13.06¢) (19.38¢) (3.93¢)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 17.39¢ n/a 12.30¢ 14.94¢ 15.00¢
Dividend per Share Growth n/a n/a (17.67%) (0.38%) (6.86%)
Dividend Yield 3.0% 0.0% 1.8% 2.4% 2.2%
Shareholders Funds 2,130.80 1,809.50 1,625.30 1,466.90 1,498.90
Net Borrowings $ (Millions) 47.20 339.10 315.70 20.40 (73.20)
Net Asset Value per Share (inc. Intangibles) 331.24¢ 293.34¢ 286.25¢ 256.19¢ 262.32¢

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - inc Intangibles 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Shareholders' Funds inc Intangibles 2,130.80 1,809.50 1,625.30 1,466.90 1,498.90
Net Borrowings $ (Millions) 47.20 339.10 315.70 20.40 (73.20)
Net Gearing 2.22% 18.74% 19.42% 1.39% (4.88%)
Cash & Near Cash 591.80 309.50 278.50 336.30 440.50
Cash 27.77% 17.10% 17.14% 22.93% 29.39%
Gross Borrowings 639.00 648.60 594.20 356.70 367.30
Gross Gearing 29.99% 35.84% 36.56% 24.32% 24.50%
Borrowings Under 5 years 639.00 648.60 594.20 356.70 367.30
Under 5 years 29.99% 35.84% 36.56% 24.32% 24.50%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - exc Intangibles 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Shareholders' Funds exc Intangibles 2,007.30 1,683.20 1,503.10 1,340.40 1,365.40
Net Borrowings $ (Millions) 47.20 339.10 315.70 20.40 (73.20)
Net Gearing 2.35% 20.15% 21.00% 1.52% (5.36%)
Cash & Near Cash 591.80 309.50 278.50 336.30 440.50
Cash 29.48% 18.39% 18.53% 25.09% 32.26%
Gross Borrowings 639.00 648.60 594.20 356.70 367.30
Gross Gearing 31.83% 38.53% 39.53% 26.61% 26.90%
Borrowings Under 5 years 639.00 648.60 594.20 356.70 367.30
Under 5 years 31.83% 38.53% 39.53% 26.61% 26.90%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Cover 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio n/a n/a n/a n/a n/a

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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