GLOBE LIFE INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 75.75 USD | +0.28% |
|
+13.50% | -37.77% |
| Apr. 25 | Transcript : Globe Life Inc. - Shareholder/Analyst Call | |
| Apr. 25 | North American Morning Briefing : More Tech -2- | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,397 | 9,939 | 9,464 | 11,726 | 11,456 | 7,123 | - | - |
| Enterprise Value (EV) 1 | 13,045 | 11,862 | 11,490 | 13,803 | 13,572 | 9,853 | 10,344 | 10,857 |
| P/E ratio | 15.4 x | 13.9 x | 13 x | 16.1 x | 12.1 x | 6.57 x | 5.94 x | 5.42 x |
| Yield | 0.66% | 0.79% | 0.84% | 0.69% | 0.74% | 1.19% | 1.2% | 1.14% |
| Capitalization / Revenue | 2.52 x | 2.1 x | 1.85 x | 2.25 x | 2.1 x | 1.22 x | 1.17 x | 1.11 x |
| EV / Revenue | 2.88 x | 2.5 x | 2.25 x | 2.65 x | 2.49 x | 1.69 x | 1.7 x | 1.7 x |
| EV / EBITDA | 12.6 x | 11.9 x | 11.3 x | - | - | 6.61 x | 6.89 x | 6.98 x |
| EV / FCF | - | - | - | - | - | 21.9 x | - | - |
| FCF Yield | - | - | - | - | - | 4.57% | - | - |
| Price to Book | 1.59 x | 1.14 x | 1.09 x | 2.43 x | 2.58 x | 1.25 x | 1.06 x | 0.87 x |
| Nbr of stocks (in thousands) | 108,288 | 104,662 | 100,979 | 97,270 | 94,119 | 94,037 | - | - |
| Reference price 2 | 105.2 | 94.96 | 93.72 | 120.6 | 121.7 | 75.75 | 75.75 | 75.75 |
| Announcement Date | 2/4/20 | 2/2/21 | 2/2/22 | 2/1/23 | 2/7/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,528 | 4,738 | 5,113 | 5,215 | 5,448 | 5,820 | 6,089 | 6,392 |
| EBITDA 1 | 1,032 | 1,000 | 1,016 | - | - | 1,491 | 1,501 | 1,556 |
| EBIT 1 | - | 706.7 | 666.3 | 799.4 | 1,279 | 1,387 | 1,444 | - |
| Operating Margin | - | 14.92% | 13.03% | 15.33% | 23.47% | 23.83% | 23.72% | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | 1,194 | 1,328 | 1,445 | 1,546 |
| Net income 1 | 760.8 | 731.8 | 745 | 739.7 | 970.8 | 1,081 | 1,147 | 1,222 |
| Net margin | 16.8% | 15.45% | 14.57% | 14.18% | 17.82% | 18.57% | 18.83% | 19.12% |
| EPS 2 | 6.830 | 6.820 | 7.220 | 7.470 | 10.07 | 11.53 | 12.74 | 13.98 |
| Free Cash Flow 1 | - | - | - | - | - | 450 | - | - |
| FCF margin | - | - | - | - | - | 7.73% | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | 30.18% | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | 41.64% | - | - |
| Dividend per Share 2 | 0.6900 | 0.7500 | 0.7900 | 0.8300 | 0.9000 | 0.9000 | 0.9100 | 0.8600 |
| Announcement Date | 2/4/20 | 2/2/21 | 2/2/22 | 2/1/23 | 2/7/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,278 | 1,297 | 1,308 | 1,293 | 1,291 | 1,323 | 1,321 | 1,326 | 1,384 | 1,416 | 1,416 | 1,447 | 1,464 | 1,480 | 1,506 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 173.4 | 159.4 | 159.3 | 206 | 215.8 | 218.4 | 311 | 315.4 | 324.3 | 327.8 | 324.4 | 346.1 | 350.4 | 352.1 | 340.2 |
| Operating Margin | 13.57% | 12.29% | 12.17% | 15.93% | 16.71% | 16.51% | 23.54% | 23.78% | 23.43% | 23.16% | 22.9% | 23.91% | 23.94% | 23.79% | 22.59% |
| Earnings before Tax (EBT) 1 | - | 217.6 | 201.6 | 217 | 230 | 257.7 | 274.2 | 264.5 | 318.8 | 336.7 | 314.9 | 340.9 | 348 | 353.2 | 352.2 |
| Net income 1 | - | 178 | 164.4 | 177 | 186.8 | 211.6 | 223.6 | 215.3 | 257.1 | 274.8 | 254.2 | 271.2 | 274.9 | 279.1 | 281.2 |
| Net margin | - | 13.72% | 12.56% | 13.69% | 14.46% | 15.99% | 16.92% | 16.23% | 18.57% | 19.41% | 17.95% | 18.74% | 18.78% | 18.86% | 18.67% |
| EPS 2 | 1.840 | 1.760 | 1.640 | 1.790 | 1.900 | 2.140 | 2.280 | 2.240 | 2.680 | 2.880 | 2.670 | 2.872 | 2.954 | 3.024 | 3.060 |
| Dividend per Share 2 | 0.1975 | 0.1975 | 0.2075 | 0.2075 | 0.2075 | 0.2075 | 0.2250 | 0.2250 | 0.2250 | 0.2250 | 0.2367 | 0.2400 | 0.2400 | 0.2400 | 0.2400 |
| Announcement Date | 10/20/21 | 2/2/22 | 4/20/22 | 7/27/22 | 10/26/22 | 2/1/23 | 5/3/23 | 7/26/23 | 10/25/23 | 2/7/24 | 4/22/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,648 | 1,923 | 2,026 | 2,077 | 2,116 | 2,729 | 3,221 | 3,734 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.597 x | 1.922 x | 1.994 x | - | - | 1.83 x | 2.146 x | 2.399 x |
| Free Cash Flow 1 | - | - | - | - | - | 450 | - | - |
| ROE (net income / shareholders' equity) | 11.6% | 9.5% | 8.13% | 10.9% | 24.3% | 21.7% | 19.1% | 15.4% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 66.00 | 83.20 | 86.00 | 49.70 | 47.10 | 60.70 | 71.60 | 87.10 |
| Cash Flow per Share | - | 13.80 | 13.90 | 14.40 | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/4/20 | 2/2/21 | 2/2/22 | 2/1/23 | 2/7/24 | - | - | - |
1USD in Million2USD
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
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
75.75
USD
Average target price
110.6
USD
Spread / Average Target
+45.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -37.77% | 7.12B | |
| +3.05% | 95.15B | |
| +6.52% | 94.71B | |
| -14.11% | 77.24B | |
| +18.68% | 74.93B | |
| +6.69% | 30.04B | |
| +18.06% | 27.87B | |
| +4.32% | 26.97B | |
| -1.21% | 16.99B | |
| -9.10% | 15.16B |
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- Financials Globe Life Inc.
