PSC INSURANCE GROUP LIMITED (PSI)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

PSI - PSC INSURANCE GROUP LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: N/A
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.75

22 Sep
2023

-0.050

OPEN

$4.69

-1.04%

HIGH

$4.83

37,309

LOW

$4.69

TARGET
$5.694 19.9% upside
Franking for last dividend paid out: 60%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . MPL . NHF . NOL . QBE . SDF . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
PSI: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 15.8 23.1 xxx
DPS (cps) xxx 13.5 15.4 xxx
EPS Growth xxx 96.3% 46.4% xxx
DPS Growth xxx 12.5% 14.4% xxx
PE Ratio xxx N/A 20.6 xxx
Dividend Yield xxx N/A 3.3% xxx
Div Pay Ratio(%) xxx 85.6% 66.8% xxx

Dividend yield today if purchased 3 years ago: 4.75%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.84

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: 12/09 - ex-div 8.3c (franking 60%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx15.8
DPS All xxxxxxxxxxxxxxx13.5
Sales/Revenue xxxxxxxxxxxxxxx297.8 M
Book Value Per Share xxxxxxxxxxxxxxx127.5
Net Operating Cash Flow xxxxxxxxxxxxxxx82.7 M
Net Profit Margin xxxxxxxxxxxxxxx18.72 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx12.96 %
Return on Invested Capital xxxxxxxxxxxxxxx8.61 %
Return on Assets xxxxxxxxxxxxxxx5.42 %
Return on Equity xxxxxxxxxxxxxxx12.96 %
Return on Total Capital xxxxxxxxxxxxxxx16.16 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx37.8 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 xxxxxxxxxxxxxxx6 M
Long Term Debt xxxxxxxxxxxxxxx230 M
Total Debt xxxxxxxxxxxxxxx236 M
Goodwill - Gross xxxxxxxxxxxxxxx400 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx346 M
Price To Book Value xxxxxxxxxxxxxxx4.31

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.43 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx192 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx61 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

0.6

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

24/08/2023

1

Overweight

$5.90

24.21%

Morgan Stanley anticipates a positive share price reaction to FY23 results by PSC Insurance given double-digit earnings growth and the launch in early-June of the company's APEX insurance trading platform.

FY23 underlying earnings (EBITDA) were in line with pre-reported guidance. Compared to consensus forecasts, Distribution and Agency was a 5% beat, while the UK was a -3% miss.

The dividend of 13.5cps was broadly in line with expectations. FY24 guidance is for underlying earnings of $122-127m, a 12% rise at the mid-point versus FY23.

Overweight. The target rises to $5.90 from $5.70. Industry view:  In-Line. The broker feels risks are to the upside thanks to growth by
acquisition, best-in-class margins and proven offshore capabilities.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 17.30 cents and EPS of 20.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 19.60 cents and EPS of 22.70 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

PSI STOCK CHART

FNArena News on PSI

1
Rudi’s Views: August 2023 – Winners & Losers

Sep 13 2023 - Rudi's View
2
FNArena Corporate Results Monitor – 24-08-2023

Aug 24 2023 - Australia
3
In Brief: House Prices, Gambling, Mining Dividends & Insurance

May 26 2023 - Weekly Reports
4
Australian Broker Call *Extra* Edition – May 23, 2023

May 23 2023 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Mar 15, 2023

Mar 15 2023 - Daily Market Reports

Latest Insurance News

1
Pros And Cons Of Insurance Companies

Aug 02 2023 - Australia
2
Underlying Trends Positive For QBE Insurance

May 15 2023 - Australia
3
Rates Over Reinsurance For General Insurers 

Feb 01 2023 - Australia
4
Climate Costs Burden Heaviest For Aussie Insurers

Jun 01 2022 - Australia
5
In Brief: Risks From Russia, House Prices And Insurance Brokers

Feb 04 2022 - Australia
6
IAG Fails The Weather Test, But All Is Not Lost

Nov 03 2021 - Australia
7
Growth Returns For Suncorp

Aug 10 2021 - Australia
8
Treasure Chest: IAG Re-Rating?

Jun 28 2021 - Treasure Chest
9
Insurers Grapple With Costs And Competition

Jun 16 2021 - Australia
10
Nib Holdings May Need To Tread Carefully

Apr 27 2021 - Australia