BRP Group, Inc. provides insurance services. It operates through the following four segments: Middle Market, Specialty, Mainstreet, and Medicare. The Middle Market segment provides private risk management, commercial risk management and employee benefits solutions for mid-to-large size businesses and high net worth individuals and families. The Specialty segment is a wholesale co-brokerage platform, which delivers specialty insurers, professionals, individuals and niche industry businesses expanded access to exclusive specialty markets, capabilities and programs requiring complex underwriting and placement. The Mainstreet segment offers personal insurance, commercial insurance and life and health solutions to individuals and businesses in their communities. The Medicare segment offers consultation for government assistance programs and solutions, including traditional Medicare and Medicare Advantage
BRP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for BRP Group Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that BRP Group Inc ranked in the 81th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for BRP, they are:
BRP Group Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -3.41. This coverage rate is greater than that of merely 14.74% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Financial Services), BRP Group Inc has a reliance on debt greater than just 22.3% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
AIZ, GBDC, ECPG, GECC, and GNW can be thought of as valuation peers to BRP, in the sense that they are in the Financial Services sector and have a similar price forecast based on DCF valuation.
TAMPA, Fla., Dec. 31, 2020 (GLOBE NEWSWIRE) — BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced Baldwin Krystyn Sherman Partners, LLC (“BKS Partners”), the middle-market indirect subsidiary of BRP Group, completed the previously announced acquisitions of all of the outstanding equity… Read More »BRP Group, Inc. Completes Acquisitions of Burnham and TBM
TAMPA, Fla., Dec. 31, 2020 (GLOBE NEWSWIRE) -- BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced Baldwin Krystyn Sherman Partners, LLC (“BKS Partners”), the middle-market indirect subsidiary of BRP Group, completed the previously announced acquisitions of all of the outstanding equity interests of Burnham Benefits Insurance Services, Inc. and Burnham Gibson Wealth Advisors, Inc. (which converted prior to closing to limited liability companies with the names Burnham Benefits Insurance Services, LLC and Burnham Gibson Wealth Advisors, LLC) and substantially all assets of Tanner, Ballew & Maloof, Inc. ABOUT BRP GROUP, INC.BRP Group, Inc. (NASDAQ: BRP) is a rapidly...
Atlanta, GA, Dec. 16, 2020 (GLOBE NEWSWIRE) — Tanner, Ballew & Maloof, Inc. (“TBM”), an Atlanta, Georgia-based provider of commercial P&C insurance to middle market companies and individuals, has agreed to enter into a partnership with Baldwin Krystyn Sherman Partners, LLC (“BKS-Partners”), the middle-market indirect subsidiary of BRP Group, Inc. (“BRP Group”) (NASDAQ: BRP), to… Read More »TANNER, BALLEW & MALOOF, INC. ANNOUNCES AGREEMENT TO ENTER INTO PARTNERSHIP WITH BRP GROUP, INC.