Intrinsic value of Brown & Brown, Inc. (BRO)

[per Chepakovich valuation model]

other valuations of BRO

[per Chepakovich valuation model]  See other valuations of BRO stock

Previous Close$53.57
Intrinsic Value
Upside potential
Previous Close
$53.57

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-12-31 and quarterly data as of 2021-03-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %9.3NaN
Revenue, $2613NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m1989NaN
Operating income, $m624NaN
EBITDA, $m761NaN
Interest expense (income), $mNaN
Earnings before tax, $m609NaN
Tax expense, $m144NaN
Net income, $m465NaN

BALANCE SHEET

Cash and short-term investments, $m1272NaN
Total assets, $m8966NaN
Adjusted assets (=assets-cash), $m7695NaN
Average production assets, $m5229NaN
Working capital, $m60NaN
Total debt, $m2096NaN
Total liabilities, $m5212NaN
Total equity, $m3754NaN
Debt-to-equity ratio0.558NaN
Adjusted equity ratio0.332NaN

CASH FLOW

Net income, $m465NaN
Depreciation, amort., depletion, $m137NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m722NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-61NaN
Free cash flow, $m783NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m60
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN