Berkshire Hathaway Inc. (BRK-A) Aandelenanalyse

Bedrijfsoverzicht

Berkshire Hathaway Inc. is a diversified conglomerate that engages in insurance, freight rail transportation, and utility businesses across the United States and North America. The company operates within the Financial Services sector and specifically within the Insurance - Diversified industry, which typically involves underwriting risk and managing large capital reserves. This massive entity commands a market capitalization of $1.04T and generates annual revenue reaching $371.44B, supported by a workforce of 387800 employees. The sheer scale indicated by a market cap exceeding one trillion dollars and revenue figures in the hundreds of billions places the company in an elite tier of global corporations, reflecting its dominance in its respective industries.

Financiële gezondheid

The company reports a trailing twelve-month revenue of $371.44B and a net income of $66.97B, resulting in an EBITDA of $110.59B. The significant gap between the $371.44B revenue and the $66.97B net income reveals a cost structure where operating expenses and taxes consume approximately 82% of total sales, a characteristic often seen in diversified holding companies with substantial legacy costs. Free cash flow stands at $36.80B, which provides the entity with immense financial flexibility to fund acquisitions, pay down debt, or reinvest in its utility and rail infrastructure without relying on external financing. The gross margin sits at 26.1%, while the operating margin is 33.0% and the profit margin is 18.0%; these figures indicate that for every dollar of sales, the company retains $0.26 in gross profit before overhead, and $0.18 in net profit after all expenses. In terms of leverage, total cash assets amount to $373.31B, which significantly exceeds the total debt load of $135.37B, while the debt-to-equity ratio stands at 18.81, suggesting a conservative balance sheet despite the high absolute debt figure. The current ratio is 7.07, which indicates an exceptionally strong short-term liquidity position, allowing the company to cover its current liabilities more than seven times over with its current assets. Return on Equity is 9.8% and Return on Assets is 5.1%, metrics that reveal management's effectiveness in generating returns on the capital invested by shareholders and the total asset base respectively.

Waarderingsbeoordeling

The trailing twelve-month P/E ratio is 15.46, while the forward P/E ratio is 22.18, implying that the market expects earnings to grow more slowly in the near future or that current earnings are higher than anticipated future earnings. The price-to-book ratio is 1.44, which indicates that the stock trades at a moderate premium of 44% over its book value per share. Alternative valuation metrics such as the price-to-sales ratio of 2.79 and an EV/EBITDA of 7.23 suggest a valuation that is relatively compressed compared to high-growth technology sectors but reflects the stability of a mature financial services business. The 52-week high is $812855.00 and the 52-week low is $685150.00; based on the provided data points, the trading range is substantial, and the valuation sits within this established historical volatility band. The beta value is 0.70, which means the stock exhibits lower price volatility relative to the broader market, typically moving about 30% less than the S&P 500 during periods of market fluctuation.

Growth & Income

Revenue growth year-over-year is -0.7% and earnings growth year-over-year is -2.5%, indicating that earnings are declining at a faster rate than revenue, which may point to margin compression or one-time costs affecting the bottom line. As a non-dividend payer, the company maintains a dividend yield of N/A and a payout ratio of 0.0%, demonstrating that it reinvests its substantial cash flows back into the business rather than distributing them to shareholders. The combination of negative revenue growth, negative earnings growth, and a lack of dividend payments outlines a growth and income profile focused on capital preservation and internal reinvestment rather than shareholder yield. This profile is consistent with a large-cap utility and insurance conglomerate that prioritizes maintaining its massive cash pile and acquiring undervalued assets over distributing income.