Financials QBE Insurance Group Limited Berne S.E.

Equities

QBE

AU000000QBE9

Property & Casualty Insurance

Delayed Berne S.E. 5-day change 1st Jan Change
- CHF -.--% Intraday chart for QBE Insurance Group Limited -.--% -.--%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 16,801 12,546 16,758 19,940 22,125 25,541 - -
Enterprise Value (EV) 1 21,407 16,358 20,162 22,716 24,325 29,067 29,054 29,092
P/E ratio 20.9 x -6.1 x 17.3 x 19.2 x 11.1 x 9.92 x 9.7 x 9.55 x
Yield 4.04% 0.47% 2.64% 2.23% 4.19% 5.09% 5.3% 5.39%
Capitalization / Revenue 0.97 x 0.83 x 0.88 x 0.96 x 0.87 x 0.97 x 0.92 x 0.89 x
EV / Revenue 1.24 x 1.08 x 1.05 x 1.09 x 0.95 x 1.1 x 1.05 x 1.01 x
EV / EBITDA 18.5 x -72.5 x 11 x 9.45 x 9.02 x 9.46 x 8.92 x -
EV / FCF - - - - 11.9 x 11.1 x 10.6 x 10.4 x
FCF Yield - - - - 8.43% 8.97% 9.44% 9.61%
Price to Book 1.39 x 1.13 x 1.36 x 1.52 x 1.45 x 1.57 x 1.44 x 1.33 x
Nbr of stocks (in thousands) 1,304,404 1,470,864 1,476,513 1,484,707 1,493,915 1,502,400 - -
Reference price 2 12.88 8.530 11.35 13.43 14.81 17.00 17.00 17.00
Announcement Date 16/02/20 18/02/21 17/02/22 16/02/23 15/02/24 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,278 15,100 19,147 20,811 25,508 26,387 27,657 28,711
EBITDA 1 1,158 -225.7 1,838 2,403 2,695 3,073 3,258 -
EBIT 1 962.9 -937.6 1,688 2,227 2,488 3,238 3,334 3,404
Operating Margin 5.57% -6.21% 8.82% 10.7% 9.75% 12.27% 12.05% 11.86%
Earnings before Tax (EBT) 1 1,000 -1,898 1,269 1,335 2,823 3,394 3,545 3,656
Net income 1 818.6 -1,956 1,042 1,119 2,082 2,594 2,681 2,730
Net margin 4.74% -12.96% 5.44% 5.37% 8.16% 9.83% 9.69% 9.51%
EPS 2 0.6176 -1.399 0.6559 0.7002 1.337 1.713 1.752 1.780
Free Cash Flow 1 - - - - 2,051 2,607 2,743 2,794
FCF margin - - - - 8.04% 9.88% 9.92% 9.73%
FCF Conversion (EBITDA) - - - - 76.11% 84.84% 84.18% -
FCF Conversion (Net income) - - - - 98.52% 100.51% 102.3% 102.35%
Dividend per Share 2 0.5200 0.0400 0.3000 0.3000 0.6200 0.8658 0.9016 0.9161
Announcement Date 16/02/20 18/02/21 17/02/22 16/02/23 15/02/24 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1
Net sales 1 8,838 7,679 7,999 8,910 10,016 9,570 10,950 12,233 13,249 12,671 13,650 - - -
EBITDA - - - - - - - - - - - - - -
EBIT 1 318.5 -814.5 -184.4 - 751.8 907.8 1,291 835.8 1,650 1,423 1,667 - - -
Operating Margin 3.6% -10.61% -2.31% - 7.51% 9.49% 11.79% 6.83% 12.46% 11.23% 12.21% - - -
Earnings before Tax (EBT) 1 151.8 - -895.1 718.7 532.2 263.6 1,063 895.6 1,925 1,502 1,851 1,569 1,878 1,658
Net income 1 129.5 -993 -1,038 598 429.4 212.8 899.2 613.4 1,468 1,165 1,380 1,200 1,401 1,236
Net margin 1.47% -12.93% -12.98% 6.71% 4.29% 2.22% 8.21% 5.01% 11.08% 9.2% 10.11% - - -
EPS 2 0.1012 - - 0.3810 0.2654 0.1198 0.5767 0.3834 0.9528 0.8027 0.8230 - - -
Dividend per Share 2 0.2700 0.0400 - 0.1100 0.1900 0.0900 0.2100 0.1400 0.4800 0.3227 0.5200 - - -
Announcement Date 16/02/20 12/08/20 18/02/21 11/08/21 17/02/22 10/08/22 16/02/23 09/08/23 15/02/24 - - - - -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,606 3,811 3,403 2,776 2,201 3,526 3,513 3,551
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.978 x -16.89 x 1.851 x 1.155 x 0.8164 x 1.147 x 1.078 x -
Free Cash Flow 1 - - - - 2,051 2,607 2,743 2,794
ROE (net income / shareholders' equity) 6.65% -11% 9.27% 9.48% 16% 17.3% 16.2% 15.4%
ROA (Net income/ Total Assets) 1.38% -2.11% 1.68% 1.71% 3.33% 4% 3.83% 3.77%
Assets 1 59,230 92,785 62,099 65,239 62,473 64,783 70,090 72,464
Book Value Per Share 2 9.300 7.530 8.360 8.810 10.20 10.80 11.80 12.80
Cash Flow per Share 2 - - 2.580 2.720 1.540 1.740 1.830 1.860
Capex 1 - - 167 240 258 265 271 281
Capex / Sales - - 0.87% 1.15% 1.01% 1% 0.98% 0.98%
Announcement Date 16/02/20 18/02/21 17/02/22 16/02/23 15/02/24 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
17 AUD
Average target price
19.43 AUD
Spread / Average Target
+14.32%
Consensus
  1. Stock Market
  2. Equities
  3. QBE Stock
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  5. Financials QBE Insurance Group Limited