Financials Insurance Group Limited

Equities

PSI

AU000000PSI6

Multiline Insurance & Brokers

Market Closed - Australian S.E. 02:10:45 2024-06-13 am EDT 5-day change 1st Jan Change
6.04 AUD -0.17% Intraday chart for Insurance Group Limited 0.00% +29.34%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 636.8 729 1,134 1,445 1,956 2,201 - -
Enterprise Value (EV) 1 560.9 861.6 1,263 1,526 2,099 2,349 2,345 2,343
P/E ratio - - 27.4 x - 34.4 x 31.4 x 28.8 x 26.1 x
Yield 3.2% 3.54% 2.97% 2.9% 2.45% 2.45% 2.69% 2.87%
Capitalization / Revenue 5.02 x 4.13 x 5.47 x 5.68 x 6.55 x 6.39 x 5.87 x 5.48 x
EV / Revenue 4.42 x 4.88 x 6.09 x 6 x 7.03 x 6.82 x 6.25 x 5.83 x
EV / EBITDA 13 x 14.9 x 17.5 x 16.3 x 18.9 x 18.4 x 16.8 x 15.6 x
EV / FCF - - 30.1 x 22.5 x 25.8 x 29.6 x 23 x 22.8 x
FCF Yield - - 3.32% 4.44% 3.88% 3.38% 4.35% 4.39%
Price to Book - - 3.28 x 3.55 x 4.31 x 4.46 x 4.33 x 4.14 x
Nbr of stocks (in thousands) 245,876 287,019 321,182 348,955 355,684 364,405 - -
Reference price 2 2.590 2.540 3.530 4.140 5.500 6.040 6.040 6.040
Announcement Date 8/21/19 8/23/20 8/22/21 8/23/22 8/22/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 126.9 176.7 207.2 254.3 298.6 344.7 375.3 401.7
EBITDA 1 43.3 57.7 72 93.5 111 128 139.9 150.1
EBIT 1 40.35 46.38 57.01 78.85 94.2 112.8 123.3 131.7
Operating Margin 31.81% 26.25% 27.51% 31.01% 31.55% 32.74% 32.87% 32.79%
Earnings before Tax (EBT) 1 36.84 25.27 58.19 44.37 79.7 96.2 105.6 116.2
Net income 1 24.69 17.89 40.45 26.66 56.4 67.7 75.05 83.09
Net margin 19.47% 10.12% 19.52% 10.48% 18.89% 19.64% 20% 20.69%
EPS 2 - - 0.1290 - 0.1597 0.1921 0.2100 0.2318
Free Cash Flow 1 - - 41.95 67.8 81.44 79.33 102 102.8
FCF margin - - 20.24% 26.66% 27.27% 23.02% 27.18% 25.59%
FCF Conversion (EBITDA) - - 58.26% 72.52% 73.37% 61.98% 72.92% 68.51%
FCF Conversion (Net income) - - 103.71% 254.35% 144.4% 117.18% 135.92% 123.73%
Dividend per Share 2 0.0830 0.0900 0.1050 0.1200 0.1350 0.1482 0.1626 0.1732
Announcement Date 8/21/19 8/23/20 8/22/21 8/23/22 8/22/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 2021 S1 2023 S1 2024 S1 2024 S2 2025 S1 2026 S1
Net sales 1 73.86 102.8 93.8 - 159 185.4 169.6 181.6
EBITDA 1 18.7 39 28.7 - 54.2 72.4 60.1 64.8
EBIT 1 14.37 31.4 - - 48.7 62.4 - -
Operating Margin 19.45% 30.54% - - 30.63% 33.67% - -
Earnings before Tax (EBT) 1 11.76 13.51 - - 42.6 55.9 - -
Net income 1 8.408 9.479 13.65 21.32 29.8 40 31.3 34.5
Net margin 11.38% 9.22% 14.55% - 18.74% 21.58% 18.46% 19%
EPS 2 0.0310 - - 0.0610 - 0.1070 - -
Dividend per Share 2 0.0350 0.0550 0.0400 - 0.0570 0.0845 0.0650 0.0700
Announcement Date 2/19/20 8/23/20 2/21/21 2/21/23 2/20/24 - - -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 133 129 80.9 142 148 144 142
Net Cash position 1 75.9 - - - - - - -
Leverage (Debt/EBITDA) - 2.297 x 1.79 x 0.8649 x 1.282 x 1.16 x 1.03 x 0.9431 x
Free Cash Flow 1 - - 41.9 67.8 81.4 79.3 102 103
ROE (net income / shareholders' equity) 16.8% 9.16% 15.6% 17% 13.1% 16.4% 17.1% 17.7%
ROA (Net income/ Total Assets) 3.43% 3.48% 5.92% - 5.48% 6.57% 9.76% 10.4%
Assets 1 719.9 514.2 683.2 - 1,029 1,031 768.9 802.2
Book Value Per Share 2 - - 1.080 1.170 1.280 1.350 1.390 1.460
Cash Flow per Share 2 0.0800 0.1000 0.1400 0.2000 0.2300 0.2800 0.3300 0.3200
Capex 1 1.88 2.14 2.7 1.26 1.29 2.32 2.96 3.12
Capex / Sales 1.48% 1.21% 1.3% 0.5% 0.43% 0.67% 0.79% 0.78%
Announcement Date 8/21/19 8/23/20 8/22/21 8/23/22 8/22/23 - - -
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
7
Last Close Price
6.04 AUD
Average target price
6.117 AUD
Spread / Average Target
+1.28%
Consensus
  1. Stock Market
  2. Equities
  3. PSI Stock
  4. Financials Insurance Group Limited