AUB GROUP LIMITED (AUB)
Share Price Analysis and Chart

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AUB - AUB GROUP LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: 2.73
Index: ASX200 | ASX300 | ALL-ORDS

AUB Group provides broking, underwriting and risk management services to clients in Australia and New Zealand. Formed in 1985 as Austbrokers Holdings, it became a listed company in 2005.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$31.68

19 Jul
2024

-0.240

OPEN

$32.23

-0.75%

HIGH

$32.23

136,070

LOW

$31.61

TARGET
$34.845 10.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
CVW . FCL . GDG . HLI . IAG . MPL . NHF . NOL . PSI . QBE . SDF . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
AUB: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 65.4 155.4 xxx
DPS (cps) xxx 64.0 76.2 xxx
EPS Growth xxx - 38.1% 100.0% xxx
DPS Growth xxx 17.1% 19.0% xxx
PE Ratio xxx N/A 20.4 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 97.9% 49.0% xxx

Dividend yield today if purchased 3 years ago: 2.91%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.02

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: 29/02 - ex-div 20c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx65.4
DPS All xxxxxxxxxxxxxxx64.0
Sales/Revenue xxxxxxxxxxxxxxx826.3 M
Book Value Per Share xxxxxxxxxxxxxxx1,180.6
Net Operating Cash Flow xxxxxxxxxxxxxxx202.2 M
Net Profit Margin xxxxxxxxxxxxxxx7.90 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx6.11 %
Return on Invested Capital xxxxxxxxxxxxxxx4.63 %
Return on Assets xxxxxxxxxxxxxxx2.36 %
Return on Equity xxxxxxxxxxxxxxx6.11 %
Return on Total Capital xxxxxxxxxxxxxxx11.18 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx149.1 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 xxxxxxxxxxxxxxx35 M
Long Term Debt xxxxxxxxxxxxxxx627 M
Total Debt xxxxxxxxxxxxxxx661 M
Goodwill - Gross xxxxxxxxxxxxxxx1,443 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,199 M
Price To Book Value xxxxxxxxxxxxxxx2.49

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx0.7 M
Capex % of Sales xxxxxxxxxxxxxxx0.09 %
Cost of Goods Sold xxxxxxxxxxxxxxx87 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx558 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx30 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

1.0

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

24/05/2024

1

Buy

$34.04

7.45%

AUB Group has announced the acquisition of professional risk underwriting agency Pacific Indemnity for -$105m, and a probable total cost of -$140m.

Management has completed a $200m equity placement at $27.50 per new share to both fund the transaction and help support future M&A activity, notes Ord Minnett. A share purchase plan is also being contemplated for up to $25m.

The Buy rating is reiterated and the target eases to $34.04 from $34.20.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 77.50 cents and EPS of 155.50 cents.
Ord Minnett forecasts a full year FY25 dividend of 95.50 cents and EPS of 173.50 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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EXPERT VIEWS
Display All Commentary

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

29/05/2024

2

Overweight

$33.85

6.85%

AUB Group announced the acquisition of a 70% stake in Pacific Indemnity for -$140m, funded by a $200m equity raise and a potential $25m SPP.

The deal is expected to be EPS neutral for FY24 but positive in FY25, as synergies and additional M&A opportunities are realised, according to Jarden.

Earnings forecasts are.slightly reduced by -0.1%  for FY24 and -1.1% for FY25.

Overweight rating and $33.85 target retained.

FORECAST
Jarden forecasts a full year FY24 dividend of 82.00 cents and EPS of 157.20 cents.
Jarden forecasts a full year FY25 dividend of 98.00 cents and EPS of 178.10 cents.

AUB STOCK CHART