Shareholders Will Probably Hold Off On Increasing Ensurance Limited's (ASX:ENA) CEO Compensation For The Time Being
In the past three years, the share price of Ensurance Limited ( ASX:ENA ) has struggled to grow and now shareholders...
Has the Australian Insurance Industry valuation changed over the past few years?
|Wed, 01 Dec 2021||AU$62.0b||AU$52.1b||AU$901.2m||n/a|
|Fri, 29 Oct 2021||AU$65.6b||AU$51.0b||AU$934.5m||27.2x|
|Sun, 26 Sep 2021||AU$66.0b||AU$51.7b||AU$911.5m||28.9x|
|Tue, 24 Aug 2021||AU$67.8b||AU$51.1b||AU$930.6m||29.9x|
|Wed, 30 Jun 2021||AU$61.2b||AU$51.1b||AU$925.7m||23.6x|
|Sat, 03 Apr 2021||AU$54.3b||AU$49.9b||AU$406.3k||22.9x|
|Tue, 05 Jan 2021||AU$53.2b||AU$48.8b||-AU$903,414,400.00||27.5x|
|Fri, 09 Oct 2020||AU$47.2b||AU$49.9b||AU$389.6m||24.2x|
|Thu, 02 Jul 2020||AU$53.1b||AU$49.5b||AU$581.2m||25x|
|Sun, 05 Apr 2020||AU$50.2b||AU$53.6b||AU$2.4b||19.9x|
|Wed, 08 Jan 2020||AU$67.0b||AU$51.9b||AU$3.3b||20.7x|
|Tue, 01 Oct 2019||AU$69.0b||AU$52.0b||AU$3.6b||20.9x|
|Fri, 05 Jul 2019||AU$69.3b||AU$51.9b||AU$3.7b||21.8x|
|Mon, 08 Apr 2019||AU$65.9b||AU$49.2b||AU$3.2b||20.3x|
|Thu, 10 Jan 2019||AU$58.9b||AU$48.9b||AU$3.1b||21x|
Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 28.4x which is higher than its 3-year average PE of 23.2x. It appears they are confident that earnings will grow faster in the future than they have historically.
Past Earnings Growth: The earnings for companies in the Insurance industry have grown 3.2% per year over the last three years, and revenues for these companies have grown 2.8% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Australian Insurance industry?
|Life and Health Insurance||-2.45%|
|Property and Casualty Insurance||-4.92%|
Industry PE: Investors are most optimistic about the Insurance Brokers industry, which is trading close to its 3-year average PE ratio of 30.7x. However analysts are expecting annual earnings growth of 9.0%, which is lower than the prior year's growth of 88% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Property and Casualty Insurance industry, which is trading below its 3-year average of 23.5x.
Forecasted Growth: Analysts are most optimistic on the Property and Casualty Insurance industry, expecting annual earnings growth of 20% over the next 5 years. However this is lower than its past earnings growth rate of 65% per year. Meanwhile, the Life and Health Insurance industry is expected to see its earnings grow by 4.7% per year over the next few years.
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