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BRP - BRP Group, Inc.

NASDAQ -> Financial Services -> Insurance Brokers
Tampa, United States
Type: Equity

BRP price evolution
BRP
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $221.03 $194.39 $212.9 $186.82
Short term investments
Net receivables $627.79 $595.36 $593.86 $580.46
Inventory
Total current assets $925.9 $802.12 $818.41 $780.48
Long term investments
Property, plant & equipment $108.19 $112.96 $117.32 $120.79
Goodwill & intangible assets $2429.71 $2466.67 $2484.82 $2503.13
Total noncurrent assets $2576.03 $2621.38 $2646.72 $2667.8
Total investments
Total assets $3501.94 $3423.5 $3465.13 $3448.27
Current liabilities
Accounts payable $619.87 $567.94 $599.43 $544.09
Deferred revenue
Short long term debt $1.52 $1.52 $1.52 $1.52
Total current liabilities $1033.44 $798.5 $827.29 $772.82
Long term debt $1388.18 $1375.22 $1362.25 $1380.5
Total noncurrent liabilities $1449.62 $1551.12 $1540.58 $1548.34
Total debt $1389.71 $1376.75 $1363.78 $1382.03
Total liabilities $2483.05 $2349.62 $2367.87 $2321.16
Shareholders' equity
Retained earnings -$186.91 -$152.42 -$134.79 -$110.9
Other shareholder equity -$0.02
Total shareholder equity $560.41 $590.78 $598.52 $606.36
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $221.03 $230.47 $227.74 $142.02
Short term investments
Net receivables $627.79 $532.11 $342.5 $155.52
Inventory
Total current assets $925.9 $772.4 $578.39 $301.99
Long term investments
Property, plant & equipment $108.19 $121.87 $99.12 $11.02
Goodwill & intangible assets $2429.71 $2521.98 $2173.21 $1205.82
Total noncurrent assets $2576.03 $2689.78 $2297.91 $1227.92
Total investments
Total assets $3501.94 $3462.18 $2876.31 $1529.91
Current liabilities
Accounts payable $619.87 $525.22 $351.88 $159.84
Deferred revenue
Short long term debt $1.52 $1.52 $61.5 $4
Total current liabilities $1033.44 $699.21 $540.69 $217.42
Long term debt $1388.18 $1402.55 $920.97 $381.38
Total noncurrent liabilities $1449.62 $1622.94 $1148.06 $542.53
Total debt $1389.71 $1404.08 $982.47 $385.38
Total liabilities $2483.05 $2322.14 $1688.75 $759.95
Shareholders' equity
Retained earnings -$186.91 -$96.76 -$54.99 -$24.35
Other shareholder equity -$0.04 -$0.22 $401.62
Total shareholder equity $560.41 $608.1 $608.38 $367.78
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $284.65 $306.27 $297.19 $330.45
Cost of revenue
Gross Profit $284.65 $306.27 $297.19 $330.45
Operating activities
Research & development
Selling, general & administrative $234.69 $220.47 $225.24 $230.95
Total operating expenses $308.36 $292.27 $297.33 $302.07
Operating income -$23.71 $14 -$0.14 $28.38
Income from continuing operations
EBIT -$2.24 $13.11 $5.9 $13.83
Income tax expense $0.38 $0.16 $0.67 $0.08
Interest expense $31.86 $30.58 $29.14 $27.88
Net income
Net income -$34.48 -$17.63 -$23.9 -$14.13
Income (for common shares) -$34.48 -$17.63 -$23.9 -$14.13
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $1218.56 $980.72 $567.29 $240.92
Cost of revenue
Gross Profit $1218.56 $980.72 $567.29 $66.81
Operating activities
Research & development
Selling, general & administrative $911.35 $719.45 $400.05 $174.11
Total operating expenses $1200.02 $979.51 $553.72 $1.42
Operating income $18.53 $1.21 $13.57 -$1.42
Income from continuing operations
EBIT $30.61 $30.02 -$3.73 -$7.84
Income tax expense $1.28 $0.71 $0.02 -$0.01
Interest expense $119.47 $71.07 $26.9 $7.86
Net income
Net income -$90.14 -$41.77 -$30.65 -$15.7
Income (for common shares) -$90.14 -$41.77 -$30.65 -$15.7
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income -$34.48 -$17.63 -$23.9 -$14.13
Operating activities
Depreciation $24.65 $24.64 $24.61 $24.51
Business acquisitions & disposals -$1.01 -$0.82 -$0.37 -$1.6
Stock-based compensation $13.37 $14.6 $18.76 $13.28
Total cash flows from operations $21.84 -$12.63 $49.46 -$14.03
Investing activities
Capital expenditures -$7.22 -$5.53 -$5.13 -$3.5
Investments
Total cash flows from investing -$4.97 -$6.35 -$5.5 -$5.1
Financing activities
Dividends paid
Sale and purchase of stock
Net borrowings $13.89 $16.99 -$17.13 -$22.13
Total cash flows from financing $15.7 $0.48 -$17.89 -$24.52
Effect of exchange rate
Change in cash and equivalents $32.57 -$18.5 $26.08 -$43.65
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income -$90.14 -$41.77 -$30.65 -$15.7
Operating activities
Depreciation $98.4 $86.36 $51.51 $20.17
Business acquisitions & disposals -$3.81 -$392.38 -$673.15 -$672.34
Stock-based compensation $60.01 $47.39 $19.19 $7.74
Total cash flows from operations $44.64 -$2.46 $40.13 $36.82
Investing activities
Capital expenditures -$21.38 -$21.98 -$5.32 -$5.47
Investments
Total cash flows from investing -$21.92 -$414.36 -$678.47 -$677.81
Financing activities
Dividends paid
Sale and purchase of stock $269.38 $451.57
Net borrowings -$8.37 $459.67 $469.68 $341.46
Total cash flows from financing -$26.23 $419.55 $724.06 $711.94
Effect of exchange rate
Change in cash and equivalents -$3.51 $2.73 $85.72 $70.95
Fundamentals
Market cap $3.35B
Enterprise value $4.52B
Shares outstanding 116.56M
Revenue $1.22B
EBITDA $129.01M
EBIT $30.61M
Net Income -$90.14M
Revenue Q/Q 15.69%
Revenue Y/Y 24.25%
P/E ratio -37.20
EV/Sales 3.71
EV/EBITDA 35.05
EV/EBIT 147.73
P/S ratio 2.75
P/B ratio 5.98
Book/Share 4.81
Cash/Share 1.90
EPS -$0.77
ROA -2.61%
ROE -15.30%
Debt/Equity 4.43
Net debt/EBITDA 17.53
Current ratio 0.90
Quick ratio 0.90