Financials White Mountains Insurance Group, Ltd.

Equities

WTM

BMG9618E1075

Property & Casualty Insurance

Market Closed - Nyse 04:00:16 2024-04-26 pm EDT 5-day change 1st Jan Change
1,768 USD -0.88% Intraday chart for White Mountains Insurance Group, Ltd. -1.27% +17.50%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,692 3,505 3,061 3,021 3,589 3,797
Enterprise Value (EV) 1 2,827 3,713 3,351 3,599 3,949 4,262
P/E ratio -20.5 x 8.56 x 4.41 x -11.3 x 5.11 x 7.58 x
Yield 0.12% 0.09% 0.1% 0.1% 0.07% 0.07%
Capitalization / Revenue 7.29 x 3.92 x 2.59 x 3.2 x 3.1 x 1.75 x
EV / Revenue 7.66 x 4.16 x 2.84 x 3.81 x 3.41 x 1.97 x
EV / EBITDA -19.6 x 8.14 x 4.65 x -21.8 x -37.7 x 6.26 x
EV / FCF -13.3 x 19 x -13 x 10.9 x -28.5 x 19 x
FCF Yield -7.51% 5.26% -7.67% 9.18% -3.51% 5.27%
Price to Book 0.94 x 1.07 x 0.78 x 0.85 x 0.96 x 0.9 x
Nbr of stocks (in thousands) 3,139 3,142 3,059 2,980 2,538 2,523
Reference price 2 857.7 1,116 1,001 1,014 1,414 1,505
Announcement Date 2/27/19 3/2/20 2/26/21 2/28/22 2/27/23 2/26/24
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 369.1 893.4 1,181 944.8 1,158 2,167
EBITDA 1 -144.2 456.4 720.8 -164.9 -104.8 681.1
EBIT 1 -169.9 426.6 677.4 -228.5 -109.1 676.8
Operating Margin -46.03% 47.75% 57.37% -24.19% -9.42% 31.24%
Earnings before Tax (EBT) 1 -178.2 405.1 645.2 -302 -149.4 565.4
Net income 1 -141.2 414.5 708.7 -275.4 792.8 509.2
Net margin -38.26% 46.4% 60.02% -29.15% 68.47% 23.5%
EPS 2 -41.77 130.3 227.0 -89.46 276.9 198.6
Free Cash Flow 1 -212.5 195.4 -256.9 330.4 -138.5 224.5
FCF margin -57.57% 21.87% -21.76% 34.97% -11.96% 10.36%
FCF Conversion (EBITDA) - 42.8% - - - 32.96%
FCF Conversion (Net income) - 47.13% - - - 44.09%
Dividend per Share 2 1.000 1.000 1.000 1.000 1.000 1.000
Announcement Date 2/27/19 3/2/20 2/26/21 2/28/22 2/27/23 2/26/24
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 135 208 290 577 360 465
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -0.9369 x 0.4562 x 0.4025 x -3.502 x -3.43 x 0.6826 x
Free Cash Flow 1 -212 195 -257 330 -138 225
ROE (net income / shareholders' equity) -5.73% 12.8% 19.1% -9.06% -4.99% 13.7%
ROA (Net income/ Total Assets) -3.02% 7.26% 9.61% -2.41% -0.95% 5.36%
Assets 1 4,669 5,710 7,378 11,409 -83,655 9,495
Book Value Per Share 2 908.0 1,038 1,277 1,191 1,479 1,681
Cash Flow per Share 2 19.30 33.30 43.40 55.60 95.80 48.20
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 2/27/19 3/2/20 2/26/21 2/28/22 2/27/23 2/26/24
1USD in Million2USD
Estimates
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