QBE INSURANCE GROUP LIMITED (QBE)
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QBE - QBE INSURANCE GROUP LIMITED

FNArena Sector : Insurance
Year End: December
GICS Industry Group : Insurance
Debt/EBITDA: N/A
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

QBE Insurance Group is an Australian insurance company operating in North America, Europe, Australia & New Zealand and the Asia Pacific region. It was listed in 1973 following the merger of three companies whose names represent the letters of the combined company.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$17.59

19 Jun
2024

-0.780

OPEN

$18.23

-4.25%

HIGH

$18.44

4,543,066

LOW

$17.42

TARGET
$18.796 6.9% upside
Franking for last dividend paid out: 10%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . MPL . NHF . NOL . PSI . SDF . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
QBE: 1
Title FY24
Forecast
FY25
Forecast
EPS (cps) 180.2 xxx
DPS (cps) 81.6 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 9.8 xxx
Dividend Yield 4.6% xxx
Div Pay Ratio(%) 45.3% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 5.38%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.51

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 06/03 - ex-div 48c (franking 10%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx132.0
DPS All xxxxxxxxxxxxxxx62.0
Sales/Revenue xxxxxxxxxxxxxxx32,609.4 M
Book Value Per Share xxxxxxxxxxxxxxx976.0
Net Operating Cash Flow xxxxxxxxxxxxxxx2,264.4 M
Net Profit Margin xxxxxxxxxxxxxxx6.26 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx14.12 %
Return on Invested Capital xxxxxxxxxxxxxxx11.64 %
Return on Assets xxxxxxxxxxxxxxx3.53 %
Return on Equity xxxxxxxxxxxxxxx14.67 %
Return on Total Capital xxxxxxxxxxxxxxx17.27 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,565.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1,111 M
Long Term Debt xxxxxxxxxxxxxxx3,413 M
Total Debt xxxxxxxxxxxxxxx4,524 M
Goodwill - Gross xxxxxxxxxxxxxxx2,339 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,002 M
Price To Book Value xxxxxxxxxxxxxxx1.52

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx253.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.78 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-459 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx42,424 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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UBS

03/06/2024

1

Buy

$21.00

19.39%

UBS attended the strata insurance industry panel session which highlighted key issues and growth prospects for the sector.

The analyst's main takeaway was strata insurance is expected to grow rapidly, driven by government housing targets due to the increasing preference for strata living.

Gross Written Premium (GWP) is approximately $2.4bn, representing 3-4% of the general insurance industry premium and 18% of home insurance and the market has grown at an estimated 14% compound rate over five years, outpacing the industry average of 8.2% according to APRA.

UBS estimates QBE Insurance has around a 4% contribution from strata, Buy. $21.00 target.

FORECAST
UBS forecasts a full year FY24 dividend of 96.00 cents and EPS of 187.53 cents.
UBS forecasts a full year FY25 dividend of 98.00 cents and EPS of 192.10 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxxxxxxxx xx xxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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QBE STOCK CHART