Arch Capital Group Ltd. Financial Ratios — ACGL Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	8.9	11.2	12.07	12.6	7.27	8.67	6.92	7.96	15.6	11.66	15.73	9.46	24.33	19.88	17.53
Return on Assets (%)	2.65	3.4	3.8	4.01	2.38	2.64	2.02	2.36	4.67	3.46	4.88	3.17	8.31	6.64	5.86
Return on Capital (%)	- -	- -	11.02	10.92	6.23	5.36	5.24	6.63	11.91	9.24	12.58	8.51	- -	17.73	15.92
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	13.8	17.44	21.35	20.83	14.26	19.22	14.1	15.38	27.23	18.83	23.57	15.47	25.46	26.43	25.81
Profit Margin (%)	14.11	17.56	20.41	20.59	13.52	15.56	11.53	13.85	24.13	16.96	24.17	15.35	33.41	25.47	22.8
Net Income to Common Margin (%)	13.28	16.81	19.77	20.05	12.97	14.93	10.68	13.09	23.51	16.46	23.64	14.94	33.11	25.23	22.59
Effective Tax Rate (%)	- -	- -	4.41	2.72	7.16	3.67	16.85	13.54	8.44	7.17	6.09	5.38	- -	8.09	15.26
Dvd Payout Ratio (%)	- -	0.58	- -	- -	- -	- -	- -	- -	- -	- -	-0.04	- -	- -	43.68	0.16
Sustainable Growth Rate (%)	8.9	11.13	12.07	12.6	7.27	8.67	6.92	7.96	15.6	11.66	15.73	9.46	24.33	11.2	17.5

Credit (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	710	400	900	891	1,322	2,489	2,549	2,189	2,356	3,017	2,724	2,725	2,726	2,728	2,729
ST Debt	100	100	100	100	530	757	816	456	484	156	- -	- -	- -	- -	- -
LT Debt	610	300	800	791	791	1,732	1,733	1,734	1,872	2,861	2,724	2,725	2,726	2,728	2,729
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	-0.6	-0.65	-0.65	-0.44	-0.34	-0.23	-0.19	-0.25	-0.31	-0.28	-0.29	-0.38	-0.39	-0.36	-0.3
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	32	29	27	46	46	66	117	120	121	143	139	131	133	141	148
Common Equity/Total Assets	28.05	30.06	30.88	31.15	31.69	27.23	26.72	29.26	29.09	28.56	32.05	33.12	34.45	32	34.13
Long-Term Debt/Equity (%)	13.29	5.8	14.17	11.11	11.13	18.6	16.91	16.61	15.2	20.45	20.1	21.09	14.85	13.1	11.27
Long-Term Debt/Capital (%)	10.47	4.93	11.01	8.73	7.97	12.91	12.81	12.94	12.5	16.79	15.12	14	11.43	10.39	8.92
Long-Term Debt/Total Assets (%)	3.57	1.68	4.09	3.6	3.42	5.9	5.41	5.38	4.94	6.61	6.04	5.68	4.63	3.85	3.44
Total Debt/Equity (%)	15.47	7.74	15.94	12.52	18.59	26.73	24.88	20.97	19.13	21.57	20.1	21.09	14.85	13.1	11.27
Total Debt/Capital (%)	12.18	6.58	12.38	9.84	13.32	18.55	18.85	16.34	15.73	17.7	15.12	14	11.43	10.39	8.92
Total Debt/Total Assets (%)	4.15	2.25	4.6	4.05	5.71	8.47	7.95	6.79	6.22	6.97	6.04	5.68	4.63	3.85	3.44
Net Debt to Equity	7.81	0.56	8.25	5.7	10.81	17.68	18.96	14.78	13.23	15.09	13.76	14.47	9.86	8.4	7.17
Net Debt/Capital (%)	6.55	0.51	6.82	4.73	8.2	13.09	15.04	12.1	11.44	13.08	10.87	10.05	7.89	6.92	5.86
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	-19	-19	-17	-20	-16	-15	-23	-30	-38	-40	-41	-50	-52	-51	-44
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	28.05	30.06	30.88	31.15	31.69	27.23	26.72	29.26	29.09	28.56	32.05	33.12	34.45	32	34.13
Long-Term Debt/Equity (%)	13.29	5.8	14.17	11.11	11.13	18.6	16.91	16.61	15.2	20.45	20.1	21.09	14.85	13.1	11.27
Long-Term Debt/Capital (%)	10.47	4.93	11.01	8.73	7.97	12.91	12.81	12.94	12.5	16.79	15.12	14	11.43	10.39	8.92
Long-Term Debt/Total Assets (%)	3.57	1.68	4.09	3.6	3.42	5.9	5.41	5.38	4.94	6.61	6.04	5.68	4.63	3.85	3.44
Total Debt/Equity (%)	15.47	7.74	15.94	12.52	18.59	26.73	24.88	20.97	19.13	21.57	20.1	21.09	14.85	13.1	11.27
Total Debt/Capital (%)	12.18	6.58	12.38	9.84	13.32	18.55	18.85	16.34	15.73	17.7	15.12	14	11.43	10.39	8.92
Total Debt/Total Assets (%)	4.15	2.25	4.6	4.05	5.71	8.47	7.95	6.79	6.22	6.97	6.04	5.68	4.63	3.85	3.44
CFO/Total Liabilities	6.92	7.29	6.11	6.97	6.23	6.87	5.02	7.16	8.01	9.85	10.86	10.88	14.18	13.32	11.21
CFO/CapEx	45.62	49.73	48.62	52.16	63.42	90.01	47.93	52.31	54.14	72.39	83.54	76.32	110.56	130.84	140.27
Altman's Z-Score	0.81	0.89	0.95	0.93	0.94	0.86	0.89	0.89	1	0.9	0.99	1.07	1.12	1.11	1.12

Working Capital (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	1.71	1.04	0.99	1.05	0.95	0.96	1.02	0.92	0.93	0.99	0.94	0.86	1.05	1.14	1.15
Days Sales Outstanding	212.89	352.38	369.77	346.44	385.8	378.84	358.85	398.43	391.35	369.86	386.46	422.65	349.19	318.83	317.57
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	4,923	5,917	7,842	7,731	8,495	10,422	12,229	10,804	17,233	14,538	17,413	23,141	27,383	34,400	35,337
- Cash & Cash Equivalents	352	371	434	486	553	843	606	647	726	906	859	855	917	979	993
+ Preferred Equity and Hybrid Capital	325	325	325	325	325	1,874	1,362	780	780	780	830	830	830	830	830
+ Minority/Non Controlling Interest	- -	- -	- -	989	944	1,057	1,049	998	818	882	9	11	2	- -	- -
+ Total Debt	710	400	900	891	1,322	2,489	2,549	2,189	2,356	3,017	2,724	2,725	2,726	2,728	2,729
Enterprise Value	-4,973	-4,604	-2,914	-3,007	-1,134	443	743	-1,869	2,233	-2,889	13,838	20,207	22,894	28,650	27,353
Total Capital	5,833	6,080	7,268	9,060	9,923	13,417	13,524	13,394	14,976	17,041	18,020	19,459	23,854	26,245	30,605
Total Debt/Capital (%)	12.18	6.58	12.38	9.84	13.32	18.55	18.85	16.34	15.73	17.7	15.12	14	11.43	10.39	8.92
Total Debt / EV	-0.14	-0.09	-0.31	-0.3	-1.17	5.62	3.43	-1.17	1.05	-1.04	0.2	0.13	0.12	0.1	0.1
EV/Sales	- -	- -	- -	- -	- -	0.1	0.14	- -	0.33	- -	1.55	2.1	1.72	1.69	1.42
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	0.31	0.62	- -	1.03	- -	3.89	5.13	3.87	4.21	4.34
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	0.3	0.61	- -	1.02	- -	3.85	5.06	3.84	4.18	4.31
Diluted Market Cap	5,149	6,085	8,106	7,974	8,791	10,761	12,642	11,033	17,654	14,798	17,795	23,706	28,133	35,259	36,056
Diluted Enterprise Value	5,832	6,439	8,897	9,693	10,829	15,338	16,997	14,353	20,882	18,570	20,500	26,417	30,774	37,838	38,622
EV per Share	- -	- -	- -	- -	- -	1.22	1.84	- -	5.56	- -	35.32	54.82	62.09	76.91	74.25
TTM Sales	3,090	3,380	3,478	4,053	3,977	4,452	5,369	5,474	6,782	8,288	8,923	9,613	13,297	16,930	19,294
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	899	950	877	1,082	1,040	1,441	1,193	1,663	2,159	3,020	3,556	3,940	5,916	6,803	6,297
TTM Free Cash Flow to Firm	918	969	894	1,101	1,056	1,457	1,215	1,693	2,197	3,060	3,597	3,990	5,968	6,854	6,341

Multiples (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	5.82	6.47	9.33	7.54	8.67	7.73	11.31	6.94	8.46	5.06	5.13	6.13	4.85	5.24	5.8
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-4,973	-4,604	-2,914	-3,007	-1,134	443	743	-1,869	2,233	-2,889	13,838	20,207	22,894	28,650	27,353
Low Price	9.51	11.83	14.67	17.41	19.22	19.94	28.07	24.79	25.07	20.93	31.23	41.05	60.7	74.28	82.45
EV/Sales	- -	- -	- -	- -	- -	0.1	0.14	- -	0.33	- -	1.55	2.1	1.72	1.69	1.42
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	12	10.41	11.4	9.52	16.47	15.68	21.33	15.08	10.81	10.66	8.26	16.12	6.22	8.05	8.11
Price/Earnings Average	10.67	9.4	10.11	9.06	15.83	13.51	22.3	16.03	9.18	9.7	7.31	12.44	6.23	8.44	7.73
Price/Earnings High	12.24	10.68	11.42	9.68	18.61	16.07	24.11	17.83	10.84	14.28	8.34	16.4	7.59	10.16	8.25
Price/Earnings Low	9.19	8.4	8.41	8.41	13.61	10.87	19.79	13.99	6.32	6.19	5.8	10.54	5.08	6.48	6.97
Price/Book Value	1.03	1.1	1.3	1.13	1.16	1.3	1.43	1.15	1.56	1.18	1.2	1.46	1.35	1.52	1.31
Price/Book Value Average	0.91	1	1.15	1.07	1.11	1.12	1.49	1.22	1.33	1.07	1.07	1.12	1.35	1.59	1.25
Price/Book Value High	1.05	1.13	1.3	1.15	1.31	1.34	1.61	1.35	1.57	1.58	1.22	1.48	1.65	1.91	1.33
Price/Book Value Low	0.79	0.89	0.96	1	0.96	0.9	1.32	1.06	0.91	0.68	0.85	0.95	1.1	1.22	1.12
Price/Tangible Book Value	1.15	1.22	1.48	1.16	1.27	1.57	1.49	1.2	1.6	1.16	1.48	2.05	1.63	1.85	1.6
Price/Tangible Book Value Average	1.03	1.1	1.31	1.1	1.22	1.35	1.55	1.27	1.36	1.06	1.31	1.58	1.63	1.94	1.52
Price/Tangible Book Value High	1.18	1.25	1.48	1.18	1.44	1.6	1.68	1.42	1.6	1.56	1.49	2.09	1.99	2.33	1.62
Price/Tangible Book Value Low	0.88	0.99	1.09	1.02	1.05	1.09	1.38	1.11	0.93	0.67	1.04	1.34	1.33	1.48	1.37
Price/Sales	1.59	1.75	2.25	1.91	2.14	2.34	2.28	1.97	2.54	1.75	1.95	2.41	2.06	2.03	1.83
Price/Sales Average	1.42	1.58	2	1.82	2.05	2.02	2.38	2.1	2.16	1.6	1.73	1.86	2.06	2.13	1.75
Price/Sales High	1.63	1.8	2.26	1.94	2.41	2.4	2.57	2.33	2.55	2.35	1.97	2.45	2.51	2.56	1.86
Price/Sales Low	1.22	1.41	1.66	1.69	1.77	1.62	2.11	1.83	1.49	1.02	1.37	1.57	1.68	1.63	1.57
Price/Cash Flow	5.68	6.42	9.22	7.45	8.51	7.57	11.17	6.93	8.41	5.04	5.08	6.06	4.76	5.16	5.73
Price/Cash Flow Average	5.05	5.8	8.17	7.09	8.18	6.52	11.68	7.37	7.15	4.58	4.5	4.68	4.77	5.41	5.46
Price/Cash Flow High	5.8	6.59	9.23	7.58	9.62	7.75	12.62	8.19	8.44	6.75	5.14	6.17	5.81	6.5	5.83
Price/Cash Flow Low	4.36	5.18	6.79	6.59	7.04	5.25	10.36	6.43	4.92	2.92	3.57	3.97	3.89	4.15	4.92
Price/Free Cash Flow Average	5.17	5.84	8.28	7.18	8.34	6.65	11.82	7.38	7.19	4.6	4.54	4.73	4.86	5.5	5.53
Price/Free Cash Flow High	5.93	6.64	9.35	7.67	9.8	7.92	12.78	8.21	8.49	6.77	5.19	6.24	5.92	6.61	5.9
Price/Free Cash Flow Low	4.46	5.22	6.88	6.67	7.17	5.36	10.49	6.44	4.95	2.93	3.61	4.01	3.96	4.22	4.99
EV/Sales Average	1.64	1.69	2.23	2.24	2.56	3.04	3.19	2.7	2.64	2.05	2.03	2.14	2.26	2.28	1.88
EV/Sales High	1.85	1.9	2.49	2.36	2.93	3.43	3.39	2.94	3.03	2.8	2.28	2.73	2.71	2.71	2
EV/Sales Low	1.44	1.52	1.89	2.11	2.28	2.65	2.92	2.44	1.96	1.47	1.67	1.86	1.88	1.79	1.71
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	12.41	14.67	19.9	19.7	23.25	28.76	30.26	26.72	42.89	36.07	44.45	62.78	74.27	92.35	95.92
High Price	12.66	15.05	19.93	20.03	26.27	29.47	34.2	31.59	43.03	48.32	44.92	63.88	90.65	116.47	97.6
Enterprise Value Average	5,061	5,696	7,743	9,077	10,202	13,554	17,139	14,806	17,872	17,004	18,119	20,576	30,085	38,647	36,241
Enterprise Value High	5,706	6,424	8,645	9,580	11,635	15,256	18,176	16,094	20,517	23,248	20,302	26,258	36,064	45,964	38,522
Enterprise Value Low	4,456	5,125	6,572	8,552	9,060	11,803	15,698	13,344	13,301	12,208	14,939	17,843	25,021	30,248	32,941

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	403	402	401	382	368	368	393	402	406	407	379	370	373	376	359
Diluted Weighted Avg Shares	415	415	407	405	378	374	418	413	412	410	400	378	379	382	376
Basic Weighted Avg Shares	397	403	394	392	365	362	404	404	402	403	392	369	369	372	368
Revenue per Share	7.79	8.38	8.83	10.33	10.89	12.28	13.29	13.54	16.88	20.56	22.78	26.08	36.06	45.45	52.37
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.03	1.41	1.75	2.07	1.41	1.83	1.42	1.77	3.97	3.38	5.38	3.9	11.94	11.47	11.83
Basic EPS from Cont Ops	1.1	1.47	1.8	2.09	1.44	2.27	1.56	1.8	4.21	3.64	5.72	4.02	12.05	11.58	11.94
Diluted EPS, GAAP	0.99	1.37	1.69	2.01	1.36	1.78	1.37	1.73	3.87	3.32	5.27	3.8	11.62	11.19	11.6
Diluted EPS from Cont Ops	1.05	1.43	1.74	2.03	1.39	2.2	1.51	1.76	4.11	3.57	5.59	3.92	11.73	11.29	11.7
Dividend per Share	0.07	0.07	0.06	0.06	0.06	0.08	0.11	0.1	0.1	0.1	0.12	0.11	0.11	5.12	0.13
Cash Flow per Share	2.18	2.28	2.16	2.64	2.73	3.8	2.71	3.86	5.1	7.16	8.74	10.35	15.59	17.91	16.75
Free Cash Flow per Basic Share	2.14	2.24	2.11	2.59	2.69	3.76	2.65	3.78	5	7.06	8.64	10.22	15.45	17.78	16.63
Cash & Equivalents per Share	27.56	27.88	30.4	32.98	33.44	42.5	40.7	41.15	47.17	54.85	18.22	17.63	21.83	24.99	31.33
Book Value per Share	12.09	13.28	15.33	17.47	20.07	22.07	21.19	23.31	27.43	30.67	36.9	43.12	55.05	60.9	73.41
Tangible Book Value per Share	10.76	12.01	13.44	17.03	18.31	18.37	20.37	22.31	26.87	31.05	30.07	30.62	45.55	50.04	60.14

Arch Capital Group Ltd.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)