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

Enter the company code or Name for stock analysis:

QBE - QBE INSURANCE GROUP LIMITED

FNArena Sector : Insurance
Year End: December
GICS Industry Group : Insurance
Debt/EBITDA: N/A
Index: 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

$15.37

30 Nov
2023

0.200

OPEN

$15.15

1.32%

HIGH

$15.37

12,424,771

LOW

$15.03

TARGET
$17.293 12.5% 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 FY23
Forecast		 FY24
Forecast
EPS (cps) 136.4 xxx
DPS (cps) 101.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.2 xxx
Dividend Yield 6.6% xxx
Div Pay Ratio(%) 74.1% 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: 3.87%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.54

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: 17/08 - ex-div 14c (franking 10%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx70.1
DPS All xxxxxxxxxxxxxxx39.0
Sales/Revenue xxxxxxxxxxxxxxx21,401.2 M
Book Value Per Share xxxxxxxxxxxxxxx892.7
Net Operating Cash Flow xxxxxxxxxxxxxxx4,027.5 M
Net Profit Margin xxxxxxxxxxxxxxx5.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx8.16 %
Return on Invested Capital xxxxxxxxxxxxxxx6.61 %
Return on Assets xxxxxxxxxxxxxxx1.79 %
Return on Equity xxxxxxxxxxxxxxx8.72 %
Return on Total Capital xxxxxxxxxxxxxxx10.24 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx3,525.5 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx671 M
Long Term Debt xxxxxxxxxxxxxxx3,819 M
Total Debt xxxxxxxxxxxxxxx4,490 M
Goodwill - Gross xxxxxxxxxxxxxxx2,327 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,228 M
Price To Book Value xxxxxxxxxxxxxxx1.50

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx238.0 M
Capex % of Sales xxxxxxxxxxxxxxx1.11 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx7,596 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx40,726 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

0.8

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

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

Morgan Stanley

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

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

Morgans

28/11/2023

1

Add

$17.46

13.60%

The main point from QBE Insurance's "solid" 3Q performance update, according to Morgans, was the reiteration of key FY23 guidance statements.

Guidance implies to the broker a material improvement in the group's combined operating ratio (COR) in the 2H compared to the 1H. Strong profit growth of around 30% is anticipated if the implied 2H COR performance can be sustained into FY24.

The target rises to $17.46 from $17.16 despite slightly lower EPS forecasts on more conservative investment income assumptions, as a valuation roll forward offsets. The Add rating is maintained.

FORECAST
Morgans forecasts a full year FY23 dividend of 96.58 cents and EPS of 129.77 cents.
Morgans forecasts a full year FY24 dividend of 137.32 cents and EPS of 175.34 cents.

Citi

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
Access Stockbroker Research History >

QBE STOCK CHART

FNArena News on QBE

1
Australian Broker Call *Extra* Edition – Nov 14, 2023

Nov 14 2023 - Daily Market Reports
2
In Brief: Telcos; Cyber Insurance; House Prices

Nov 10 2023 - Weekly Reports
3
ESG Focus: Day Of The TRIFRS

Nov 09 2023 - ESG Focus
4
Rudi’s View: Outlook 2024, Is History Our Guide?

Nov 08 2023 - Rudi's View
5
Australian Broker Call *Extra* Edition – Nov 01, 2023

Nov 01 2023 - Daily Market Reports

Latest Insurance News

1
SMSFundamentals: Older People Are Life Insurers’ Future Challenge

Oct 26 2023 - SMSFundamentals
2
Australian Insurers And The Weather

Oct 19 2023 - Feature Stories
3
Steadfast Group’s US Entry Full Of Promise

Oct 11 2023 - Australia
4
Pros And Cons Of Insurance Companies

Aug 02 2023 - Australia
5
Underlying Trends Positive For QBE Insurance

May 15 2023 - Australia
6
Rates Over Reinsurance For General Insurers 

Feb 01 2023 - Australia
7
Climate Costs Burden Heaviest For Aussie Insurers

Jun 01 2022 - Australia
8
In Brief: Risks From Russia, House Prices And Insurance Brokers

Feb 04 2022 - Australia
9
IAG Fails The Weather Test, But All Is Not Lost

Nov 03 2021 - Australia
10
Growth Returns For Suncorp

Aug 10 2021 - Australia