W.R. Berkley Corporation
Find Ratings ReportsBERKLEY (W R) CORP's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its subsector.
During the same period, stockholders' equity ("net worth") has increased by 10.47% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 3210.08 | 2990.62 |
EBITDA ($mil) | 0.0 | 531.11 |
EBIT ($mil) | 555.35 | 521.27 |
Net Income ($mil) | 397.34 | 382.22 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 2301.24 | 2393.58 |
Total Assets ($mil) | 37202.02 | 33861.1 |
Total Debt ($mil) | 3065.02 | 3041.28 |
Equity ($mil) | 7455.43 | 6748.33 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 17.3 | 17.76 |
EBITDA Margin | 0.0 | 17.75 |
Operating Margin | 17.3 | 17.43 |
Sales Turnover | 0.33 | 0.33 |
Return on Assets | 3.71 | 4.07 |
Return on Equity | 18.53 | 20.47 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.29 | 0.31 |
Interest Expense | 31.88 | 31.9 |
Interest Coverage | 17.42 | 16.34 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 256.55 | 264.55 |
Div / share | 0.61 | 0.1 |
EPS | 1.47 | 1.37 |
Book value / share | 29.06 | 25.51 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1193277.0 | 1287315.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 21.84 for the Insurance Carriers and Related Activities subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 2.93 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 3.52. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, BERKLEY (W R) CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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WRB 16.84 | Peers 21.84 | WRB 7.46 | Peers 13.60 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. WRB is trading at a discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. WRB is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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WRB 13.01 | Peers 14.42 | WRB 0.86 | Peers 0.87 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. WRB is trading at a valuation on par with its peers. |
Average. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. WRB trades at a valuation on par to its peers. |
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Price/Book |
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Earnings Growth |
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WRB 2.93 | Peers 3.52 | WRB 2.22 | Peers 95.58 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. WRB is trading at a discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, WRB is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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WRB 1.80 | Peers 1.96 | WRB 10.02 | Peers 37.25 | |||||||||||||||||||||
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. WRB is trading at a valuation on par with its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. WRB significantly trails its peers on the basis of sales growth. |
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