Goosehead Insurance, Inc.

Finance
Specialty Insurers
ir.gooseheadinsurance.com

Earnings Score
Moat Score
Safety Score

Market Cap $3.01B
PE 157
Debt $105.66M
Cash $50.11M
EV $3.07B
FCF $71.52M

Earnings

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Sales & Net Margins

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Earnings	$19.19M
EBIT	$39.97M
ROE	33%
ROA	11%
FCF	$71.52M
Equity	$58.35M
Growth Stability	9%
PE	157.07
PEG	4.59
PB	51.67
P/FCF	42.15
P/S	10.63
Price/Cash	0.02
Debt/Equity	1.81
Debt/FCF	1.48
Net Margins	7%
Op. Margins	14%
Earnings CAGR	14%
Sales Growth YoY	10%
Sales Growth QoQ	-0%
Sales CAGR	29%
FCF CAGR	32%
Equity CAGR	-2%
Earnings Stability	-0.18
Earnings Growth YoY	9%
Earnings Growth QoQ	22%
Earnings CAGR 5Y	34%

Sales CAGR 5Y	34%
FCF CAGR 5Y	43%
Equity CAGR 5Y	68%
Earnings CAGR 3Y	27%
Sales CAGR 3Y	27%
FCF CAGR 3Y	86%
Equity CAGR 3Y	189%
Market Cap	$3.01B
Revenue	$283.60M
Dividend Yield	-0%
Payout Ratio	-21%
Assets	$358.06M
Total Debt	$105.66M
Cash	$50.11M
Shares Outstanding	24.29M
EV	3.07B
Earnings Score	6%
Moat Score	92%
Safety Score	59%
Final Score	52%
Working Capital	27.28M
Current Ratio	1.55
Shares Growth 3y	10%
Equity Growth QoQ	47%
Equity Growth YoY	25%

Assets & ROA

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Stockholders Equity & ROE

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Goosehead Insurance Inc operates as an insurance agency. Its insurance products consist of homeowner's insurance; auto insurance; other personal lines products including flood, wind and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance (motorcycle, recreational vehicle and other insurance); commercial lines insurance (general liability, property, and auto insurance for small businesses); and life insurance. Its operating segments are the Corporate Channel and Franchise Channel. The majority of the company's revenue gets contributed by the Corporate Channel segment. It operates in Texas, California, Illinois, Florida, and other regions.

SEC Filings

Direct access to Goosehead Insurance, Inc. (GSHD) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Goosehead Insurance, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Goosehead Insurance, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 14%

Stability -18%

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Goosehead Insurance, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Goosehead Insurance, Inc..

Years

Calculation mode

= $6.4B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$72M	$94M	$124M	$163M	$214M	$281M	$370M	$487M	$640M	$841M	$1.1B	$11B
DCF		$86M	$102M	$122M	$146M	$175M	$209M	$250M	$298M	$357M	$427M	$4.3B
Value	$6.4B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2017	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	0%	5%	8%	4%	0%	5%	7%
ROA	-	-	11%	3%	3%	9%	11%
ROE	-	-40%	-190%	-39%	5%	25%	33%

Net Margins (7.06%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2017	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	5.65	5.41	3.96	1.88	1.48
Debt over Equity	-1.18	-5.13	-17	-8.75	9.49	1.54	1.81
Growth Stability	-	-	-	100%	9%	100%	9%

Good Debt/FCF ratio (1.48)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Bad Debt/Equity ratio (1.81)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (9%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2017	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	81%	51%	29%	38%	25%	34%
Earnings YoY growth	-	-	160%	-42%	-90%	2K%	34%
Equity YoY growth	-	-78%	-46%	188%	-176%	430%	68%
FCF YoY growth	-	140%	-16%	55%	13%	81%	43%