Stock BRO BROWN & BROWN, INC.
Add to a list
To use this feature you must be a member
Log inSign up

Financials Brown & Brown, Inc.

Equities

BRO

US1152361010

Multiline Insurance & Brokers

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
81.46 USD -1.00% Intraday chart for Brown & Brown, Inc. -0.86% +14.55%
Apr. 25 Arthur J. Gallagher's first-quarter profit jumps on higher commissions, fees RE
Apr. 25 Goldman Sachs Adjusts Price Target on Brown & Brown to $95 From $93 MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,123 13,452 19,849 16,135 20,238 23,236 - -
Enterprise Value (EV) 1 12,136 14,731 20,985 19,415 22,754 25,469 24,398 23,994
P/E ratio 28.2 x 28.1 x 34 x 24 x 23.3 x 25.8 x 24 x 22.1 x
Yield 0.82% 0.73% 0.54% 0.74% 0.67% 0.66% 0.73% 0.78%
Capitalization / Revenue 4.65 x 5.15 x 6.5 x 4.52 x 4.75 x 4.99 x 4.66 x 4.27 x
EV / Revenue 5.07 x 5.64 x 6.88 x 5.43 x 5.34 x 5.47 x 4.89 x 4.41 x
EV / EBITDA 16.9 x 18.1 x 20.6 x 16.7 x 14.5 x 15.9 x 14.2 x 12.7 x
EV / FCF 20.1 x 22.6 x 23.2 x 23.4 x 24.2 x 32.2 x 19.5 x 17.7 x
FCF Yield 4.99% 4.42% 4.3% 4.27% 4.13% 3.11% 5.13% 5.64%
Price to Book 3.32 x 3.57 x 4.73 x 3.5 x 3.58 x 3.58 x 3.16 x 2.8 x
Nbr of stocks (in thousands) 281,746 283,745 282,427 283,222 284,598 285,249 - -
Reference price 2 39.48 47.41 70.28 56.97 71.11 81.46 81.46 81.46
Announcement Date 1/27/20 1/25/21 1/24/22 1/23/23 1/23/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,392 2,613 3,051 3,573 4,257 4,659 4,990 5,445
EBITDA 1 716.9 813.4 1,021 1,164 1,564 1,604 1,721 1,884
EBIT 1 588.2 678.6 868.2 978.4 1,358 1,386 1,496 1,674
Operating Margin 24.59% 25.97% 28.45% 27.38% 31.9% 29.74% 29.98% 30.75%
Earnings before Tax (EBT) 1 525.9 624.1 762.8 876.1 1,146 1,189 1,294 1,409
Net income 1 398.5 480.5 587.1 671.8 870.5 903.6 967.3 1,036
Net margin 16.66% 18.39% 19.24% 18.8% 20.45% 19.39% 19.38% 19.03%
EPS 2 1.400 1.690 2.070 2.370 3.050 3.163 3.387 3.681
Free Cash Flow 1 605.1 650.9 903 828.8 940.6 791 1,253 1,353
FCF margin 25.29% 24.91% 29.59% 23.19% 22.09% 16.98% 25.1% 24.84%
FCF Conversion (EBITDA) 84.41% 80.02% 88.43% 71.19% 60.14% 49.31% 72.78% 71.78%
FCF Conversion (Net income) 151.84% 135.46% 153.81% 123.37% 108.05% 87.54% 129.5% 130.57%
Dividend per Share 2 0.3250 0.3480 0.3800 0.4230 0.4750 0.5340 0.5940 0.6354
Announcement Date 1/27/20 1/25/21 1/24/22 1/23/23 1/23/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 738.5 904.7 839.7 927.6 901.4 1,116 1,047 1,068 1,026 1,258 1,146 1,151 1,101 1,334 1,221
EBITDA 1 215.7 319.1 274.3 287.7 283.1 389.9 355.5 371.2 447.2 466 394.2 394.5 350.9 489.5 422.8
EBIT 1 176.8 279.9 231.8 232.9 233.8 338.6 304.1 319.7 395.4 410 338.7 333.7 292.1 437.9 361.6
Operating Margin 23.94% 30.94% 27.61% 25.11% 25.94% 30.34% 29.04% 29.94% 38.53% 32.59% 29.57% 28.98% 26.54% 32.82% 29.61%
Earnings before Tax (EBT) 1 140.8 265 198.8 218 194.2 294.2 254.4 242.3 355.1 364 291.7 287.2 242.8 387.6 317.2
Net income 1 101.7 220.3 145.2 161.1 145.2 235.5 190.4 175.9 268.6 293 217.4 212.1 181.1 313.6 234.7
Net margin 13.77% 24.35% 17.29% 17.37% 16.11% 21.1% 18.18% 16.47% 26.17% 23.29% 18.98% 18.42% 16.45% 23.5% 19.22%
EPS 2 0.3600 0.7700 0.5100 0.5700 0.5100 0.8300 0.6700 0.6200 0.9400 1.020 0.7676 0.7542 0.6323 1.075 0.8272
Dividend per Share 2 0.1030 0.1030 0.1030 0.1030 0.1150 0.1150 0.1150 0.1150 0.1300 - 0.1300 0.1300 0.1433 0.1400 0.1400
Announcement Date 1/24/22 4/25/22 7/25/22 10/24/22 1/23/23 4/24/23 7/24/23 10/23/23 1/23/24 4/22/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,013 1,279 1,136 3,280 2,516 2,233 1,162 757
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.413 x 1.572 x 1.112 x 2.817 x 1.609 x 1.392 x 0.6749 x 0.4019 x
Free Cash Flow 1 605 651 903 829 941 791 1,253 1,353
ROE (net income / shareholders' equity) 12.5% 13.5% 14.8% 14.4% 15.5% 16.8% 15.8% 14.7%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 11.90 13.30 14.90 16.30 19.90 22.70 25.80 29.10
Cash Flow per Share - 2.620 - - - - - -
Capex 1 73.1 - 45 52.6 68.9 63.2 66.8 78.9
Capex / Sales 3.06% - 1.47% 1.47% 1.62% 1.36% 1.34% 1.45%
Announcement Date 1/27/20 1/25/21 1/24/22 1/23/23 1/23/24 - - -
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

Ratings for Brown & Brown, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
81.46 USD
Average target price
89.93 USD
Spread / Average Target
+10.40%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Insurance Brokers

1st Jan change Capi.
BROWN & BROWN, INC. Stock Brown & Brown, Inc.
+14.55% 23.24B
ARTHUR J. GALLAGHER & CO. Stock Arthur J. Gallagher & Co.
+4.10% 51.16B
WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY Stock Willis Towers Watson Public Limited Company
+4.04% 25.66B
CAIXA SEGURIDADE PARTICIPAÇÕES S.A. Stock Caixa Seguridade Participações S.A.
+26.59% 9.56B
RYAN SPECIALTY HOLDINGS, INC. Stock Ryan Specialty Holdings, Inc.
+13.76% 5.81B
STEADFAST GROUP LIMITED Stock Steadfast Group Limited
-4.12% 4.02B
AUB GROUP LIMITED Stock AUB Group Limited
+1.30% 1.99B
BRP GROUP, INC. Stock BRP Group, Inc.
+11.16% 1.76B
GOOSEHEAD INSURANCE, INC Stock Goosehead Insurance, Inc
-26.78% 1.4B
INSURANCE GROUP LIMITED Stock Insurance Group Limited
+14.35% 1.27B
Insurance Brokers
  1. Stock Market
  2. Equities
  3. BRO Stock
  4. Financials Brown & Brown, Inc.