Financials W.R. Berkley Corporation

Equities

WRB

US0844231029

Property & Casualty Insurance

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
76.65 USD -1.62% Intraday chart for W.R. Berkley Corporation -6.98% +8.39%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 12,692 11,837 14,553 19,266 18,237 19,664 - -
Enterprise Value (EV) 1 12,692 11,837 14,553 19,266 18,701 21,187 21,166 19,664
P/E ratio 19.6 x 23.6 x 15 x 14.7 x 14 x 12.6 x 11.4 x 10.6 x
Yield 0.62% 0.71% 2.44% 1.23% 2.73% 2.34% 2.51% 2.29%
Capitalization / Revenue 1.91 x 1.71 x 1.8 x 2.01 x 1.75 x 1.72 x 1.59 x 1.51 x
EV / Revenue 1.91 x 1.71 x 1.8 x 2.01 x 1.8 x 1.85 x 1.71 x 1.51 x
EV / EBITDA - - - - 10 x 9.77 x 9.75 x -
EV / FCF - - - - 6.5 x 8.33 x 9.24 x -
FCF Yield - - - - 15.4% 12% 10.8% -
Price to Book 2.09 x 1.87 x 2.19 x 2.84 x 2.43 x 2.26 x 1.98 x 1.81 x
Nbr of stocks (in thousands) 275,512 267,331 264,961 265,476 257,872 256,549 - -
Reference price 2 46.07 44.28 54.93 72.57 70.72 76.65 76.65 76.65
Announcement Date 1/28/20 1/26/21 1/27/22 1/26/23 1/24/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,633 6,931 8,106 9,561 10,401 11,438 12,343 13,063
EBITDA 1 - - - - 1,861 2,168 2,172 -
EBIT 1 1,006 852.7 1,430 1,850 1,882 2,090 2,177 2,189
Operating Margin 15.17% 12.3% 17.64% 19.35% 18.09% 18.27% 17.64% 16.76%
Earnings before Tax (EBT) 1 852.9 704.8 1,283 1,720 1,754 2,085 2,263 2,417
Net income 1 681.9 530.7 1,022 1,381 1,381 1,647 1,789 1,954
Net margin 10.28% 7.66% 12.61% 14.44% 13.28% 14.39% 14.5% 14.96%
EPS 2 2.347 1.873 3.653 4.940 5.050 6.083 6.697 7.260
Free Cash Flow 1 - - - - 2,876 2,543 2,291 -
FCF margin - - - - 27.65% 22.24% 18.56% -
FCF Conversion (EBITDA) - - - - 154.55% 117.32% 105.5% -
FCF Conversion (Net income) - - - - 208.21% 154.47% 128.04% -
Dividend per Share 2 0.2867 0.3133 1.340 0.8900 1.930 1.792 1.922 1.757
Announcement Date 1/28/20 1/26/21 1/27/22 1/26/23 1/24/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 2,081 2,203 2,249 2,357 2,442 2,513 2,491 2,553 2,642 2,715 2,764 2,838 2,901 2,957 3,007
EBITDA - - - - - - - - - - - - - - -
EBIT 1 - 392 767.4 425.8 385.5 510.3 407.9 489 494.3 533.1 605.8 541.7 539.8 554.2 579.7
Operating Margin - 17.79% 34.12% 18.07% 15.78% 20.31% 16.37% 19.16% 18.71% 19.64% 21.91% 19.09% 18.61% 18.74% 19.28%
Earnings before Tax (EBT) 1 332.3 354.6 732.4 222.6 286.3 478.4 376.1 457.2 419.9 501.2 574.1 503.1 503 529.1 569.5
Net income 1 261.3 294.4 590.6 179.3 228.9 382.2 294.1 356.3 333.6 397.3 442.5 402.1 393.5 435.6 444.2
Net margin 12.56% 13.36% 26.26% 7.61% 9.37% 15.21% 11.81% 13.96% 12.63% 14.64% 16.01% 14.17% 13.56% 14.73% 14.77%
EPS 2 0.9333 1.060 2.120 0.6400 0.8200 1.370 1.060 1.300 1.230 1.470 1.640 1.466 1.458 1.560 1.657
Dividend per Share 2 0.0867 0.4200 0.0900 0.6000 0.1000 0.1000 0.1000 0.1100 - 0.6100 0.1050 0.5550 0.1100 0.8100 0.1200
Announcement Date 10/21/21 1/27/22 4/25/22 7/21/22 10/24/22 1/26/23 4/20/23 7/20/23 10/23/23 1/24/24 4/23/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 465 1,523 1,502 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - 0.2497 x 0.7025 x 0.6916 x -
Free Cash Flow 1 - - - - 2,876 2,543 2,291 -
ROE (net income / shareholders' equity) 12.5% 8.7% 16.2% 20.8% 20.5% 20.2% 19.1% 18.5%
ROA (Net income/ Total Assets) 2.65% 1.92% 3.37% 4.19% 3.89% 4.1% 4.05% 4.1%
Assets 1 25,770 27,639 30,347 32,973 35,532 40,159 44,183 47,653
Book Value Per Share 2 22.10 23.70 25.10 25.50 29.10 33.90 38.70 42.40
Cash Flow per Share 2 - 5.710 7.810 9.190 10.70 10.50 8.810 -
Capex 1 - 38.2 - 52.7 53.1 107 112 -
Capex / Sales - 0.55% - 0.55% 0.51% 0.93% 0.91% -
Announcement Date 1/28/20 1/26/21 1/27/22 1/26/23 1/24/24 - - -
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
OUTPERFORM
Number of Analysts
14
Last Close Price
76.65 USD
Average target price
87.65 USD
Spread / Average Target
+14.36%
Consensus
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  4. Financials W.R. Berkley Corporation