# Beazley plc (BEZ.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Insurance. Price 1299p, market value 7.7 billionp.

## Valuation
- **P/E (trailing): 16.0×** (5-yr avg 987.2×, 3-yr avg 464.4×). Beazley plc trades at 16.0× trailing earnings, well below its own five-year average of 987.2×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 12.9×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 2.1×**. The shares trade at 2.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 2.4×**. Enterprise value is 2.4× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 17.4%** (5-yr avg 0.2%). Free cash flow equals 17.4% of the market value, above its five-year average of 0.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 6.2%**. The inverse of the P/E: 6.2% of the price is earned each year.

## Profitability
- **Operating margin: 35.0%**. 35.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 88.1%**. 88.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 19.1%**. 19.1% on shareholders' equity is solid.
- **Return on invested capital: 49.9%**. Return on all capital, debt included, is 49.9%: comfortably above what that capital costs.
- **Return on assets: 12.6%**. Each dollar of assets produces 12.6% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -82.1%** (3-yr -32.7%/yr, 5-yr -18.3%/yr). Revenue fell 82.1% over the last year, against -18.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -11.9%** (3-yr 78.6%/yr). Earnings per share fell 11.9%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -4.4%/yr**. Free cash flow has compounded at -4.4% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: 1.0 billionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 1.92%** (0p per share, trailing). Beazley plc yields 1.92%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 23%** (18% of free cash flow). 23% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): 25.0%/yr** (1-yr 76.1%). The dividend has compounded at 25.0% a year over five years, doubling roughly every 3 years at that pace.
- **Shareholder yield: 10.3%**. Dividends plus net buybacks return 10.3% of the market value a year.

## Analyst view
- **Analyst consensus: hold** (8 analysts). 8 analysts cover Beazley plc; the consensus is hold, with an average price target of 1283p (-1% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 65.6%** (YTD 56.3%, 3-mo 1.4%). The shares are up 65.6% over twelve months including dividends.
- **From 52-week high: -0.2%** (73.2% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 67**. An RSI of 67 is neutral.
- **Beta (1 yr): 0.09** (volatility 46%). Beta of 0.09 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BEZ.L · Page: https://foliofundamentals.com/stocks/bez.l

Not investment advice.