Company Valuation: The Baldwin Insurance Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,056 1,544 1,545 2,619 1,720 2,498 - -
Change - -24.88% 0.04% 69.52% -34.31% 45.19% - -
Enterprise Value (EV) 1 2,732 2,741 2,738 3,711 3,270 4,721 4,761 4,684
Change - 0.33% -0.12% 35.53% -11.89% 44.39% 0.84% -1.62%
P/E -56.4x -34x -16x -99.4x -48.1x -49.2x 224x 22.5x
PBR 3.48x 4.75x 5x 7.84x 4.74x 3.06x 3.2x 3.22x
PEG - -2.2x -0x 1.3x -1.7x -11.57x -2x 0x
Capitalization / Revenue 3.62x 1.57x 1.27x 1.89x 1.14x 1.24x 1.14x 1.03x
EV / Revenue 4.82x 2.79x 2.25x 2.67x 2.17x 2.35x 2.16x 1.94x
EV / EBITDA 24.2x 14x 10.9x 11.9x 9.58x 10.1x 8.7x 7.34x
EV / EBIT -86.4x -88.1x -64.3x 61.2x 44.2x -78.3x 31.5x 20.3x
EV / FCF 78.5x -112x 118x 60.7x -14.8x 58x 35.6x 19.6x
FCF Yield 1.27% -0.89% 0.85% 1.65% -6.76% 1.72% 2.81% 5.11%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.64 -0.74 -1.5 -0.39 -0.5 -0.5213 0.1142 1.139
Distribution rate - - - - - - - -
Net sales 1 567.3 980.7 1,219 1,389 1,505 2,007 2,200 2,417
EBITDA 1 112.9 196.5 250.2 312.5 341.5 468.1 547 638.2
EBIT 1 -31.63 -31.1 -42.55 60.65 73.94 -60.28 151.1 230.3
Net income 1 -30.65 -41.77 -90.14 -24.52 -33.81 -56.25 -6.782 47.52
Net Debt 1 676.3 1,197 1,193 1,092 1,549 2,224 2,263 2,186
Reference price 2 36.11 25.14 24.02 38.76 24.03 25.62 25.62 25.62
Nbr of stocks (in thousands) 56,932 61,429 64,318 67,569 71,590 97,490 - -
Announcement Date 01/03/22 28/02/23 28/02/24 25/02/25 26/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-49.15x2.35x10.08x-.--% 249.77Cr
23.13x4.91x14.57x0.88% 7.59TCr
26.16x4.54x13.96x1.12% 6.37TCr
10.05x0.6x - 3.94% 3.26TCr
16.55x2.97x10.61x1.33% 2.69TCr
20.14x4.1x11.65x1.01% 2.27TCr
14.06x - - 6.42% 1.31TCr
45.9x2.58x8.56x1.26% 526.42Cr
82.75x20.92x34.76x-.--% 425.64Cr
18.37x3.14x9.71x4% 406.08Cr
Average 20.80x 5.12x 14.24x 2% 2.51TCr
Weighted average by Cap. 21.45x 4.10x 13.65x 1.72%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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