QBE INSURANCE GROUP LIMITED (QBE)
Share Price Analysis and Chart

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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

$19.32

18 Nov
2024

0.010

OPEN

$19.30

0.05%

HIGH

$19.35

2,051,094

LOW

$19.16

TARGET
$19.343 0.1% upside
Franking for last dividend paid out: 20%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . MPL . NHF . NOL . SDF . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
QBE: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 159.1 xxx
DPS (cps) 75.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.3 xxx
Dividend Yield 3.9% xxx
Div Pay Ratio(%) 47.7% 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: 5.08%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.17

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: 16/08 - ex-div 24c (franking 20%)

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 xxxxxxxxxxxxxxx3.20 %
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 xxxxxxxxxxxxxxx1,674 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

0.9

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

13/08/2024

1

Upgrade to Buy from Hold

$18.27

-5.43%

Bell Potter observes overall 1H profitability for QBE Insurance was below the consensus expectation and below H2 of FY23.

Results were dominated by the closure and portfolio transfer of previous poor risks from the US mid-market business, explain the analysts, which ultimately places the business on a better footing.

Management is now aiming for gross written premium (GWP) growth of around 3%, down from 5% due to portfolio exits, notes the broker.

The interim dividend rose to 24cps from 14cps in the previous corresponding period.

The target falls to $18.27 from $18.47 and the rating is upgraded to Buy from Hold after recent share price weakness.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 64.70 cents and EPS of 165.08 cents.
Bell Potter forecasts a full year FY25 dividend of 77.10 cents and EPS of 176.24 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

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

14/08/2024

1

Buy

$19.55

1.19%

QBE Insurance's June-half result outpaced Jarden's forecasts by 5.8%, thanks mainly to stronger underwriting, but top-line growth fell -0.5% shy of the broker due to stronger competition; $350m of portfolio sales across Australia Pacific and North America; and weaker crop volumes.

Management reiterated FY24 guidance of 93.5%, but the broker takes a cautious approach as rates ease expecting competition to further dampen volumes.

EPS forecasts fall -5.6% for FY24; and -7.3% for FY25. Buy rating retained on valuation. Target price falls to $19.55 from $21.10.

FORECAST
Jarden forecasts a full year FY24 dividend of 74.00 cents and EPS of 160.56 cents.
Jarden forecasts a full year FY25 dividend of 88.00 cents and EPS of 172.47 cents.
Access Extra Coverage Research History >

QBE STOCK CHART

FNArena News on QBE

1
Weekly Ratings, Targets, Forecast Changes – 15-11-24

Nov 18 2024 - Weekly Reports
2
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
3
New-Look Suncorp Ready To Rumble

Nov 14 2024 - Australia
4
Rudi’s View: Preparing For The Trump Years

Nov 13 2024 - Rudi's View
5
Rudi’s View: Trump Returns, What Now?

Nov 07 2024 - Rudi's View

Latest Insurance News

1
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Nov 14 2024 - Australia
2
Steadfast’s Long March

Jul 02 2024 - Australia
3
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4
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Oct 26 2023 - SMSFundamentals
5
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Oct 19 2023 - Feature Stories
6
Steadfast Group’s US Entry Full Of Promise

Oct 11 2023 - Australia
7
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Aug 02 2023 - Australia
8
Underlying Trends Positive For QBE Insurance

May 15 2023 - Australia
9
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Feb 01 2023 - Australia
10
Climate Costs Burden Heaviest For Aussie Insurers

Jun 01 2022 - Australia