Executive Summary
PSC Insurance Group Limited provides insurance services in Australia, the United Kingdom, and New Zealand. More Details
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Adequate balance sheet with limited growth.
Share Price & News
How has PSC Insurance Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PSI is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: PSI's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-1.9%
PSI
-0.5%
AU Insurance
2.3%
AU Market
1 Year Return
6.9%
PSI
-20.3%
AU Insurance
-0.3%
AU Market
Return vs Industry: PSI exceeded the Australian Insurance industry which returned -20.3% over the past year.
Return vs Market: PSI exceeded the Australian Market which returned -0.3% over the past year.
Shareholder returns
| PSI | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.9% | -0.5% | 2.3% |
| 30 Day | 7.6% | 11.5% | 7.2% |
| 90 Day | 6.9% | 3.3% | 8.7% |
| 1 Year | 10.4%6.9% | -18.1%-20.3% | 3.1%-0.3% |
| 3 Year | 12.9%3.3% | -7.0%-18.4% | 24.2%8.8% |
| 5 Year | n/a | 14.5%-9.2% | 55.4%24.4% |
Long-Term Price Volatility Vs. Market
How volatile is PSC Insurance Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Have Insiders Been Buying PSC Insurance Group Limited (ASX:PSI) Shares This Year?1 month ago | Simply Wall St
Know This Before Buying PSC Insurance Group Limited (ASX:PSI) For Its Dividend2 months ago | Simply Wall St
It Might Not Be A Great Idea To Buy PSC Insurance Group Limited (ASX:PSI) For Its Next DividendValuation
Is PSC Insurance Group undervalued compared to its fair value and its price relative to the market?
46.53x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PSI (A$3.1) is trading above our estimate of fair value (A$1.77)
Significantly Below Fair Value: PSI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PSI is poor value based on its PE Ratio (46.5x) compared to the AU Insurance industry average (25.8x).
PE vs Market: PSI is poor value based on its PE Ratio (46.5x) compared to the Australian market (22.7x).
Price to Earnings Growth Ratio
PEG Ratio: PSI is poor value based on its PEG Ratio (4.3x)
Price to Book Ratio
PB vs Industry: PSI is overvalued based on its PB Ratio (3.7x) compared to the AU Insurance industry average (3x).
Next Steps
Future Growth
How is PSC Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
10.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PSI's forecast earnings growth (10.7% per year) is above the savings rate (2.3%).
Earnings vs Market: PSI's earnings (10.7% per year) are forecast to grow slower than the Australian market (17.8% per year).
High Growth Earnings: PSI's earnings are forecast to grow, but not significantly.
Revenue vs Market: PSI's revenue (6.9% per year) is forecast to grow faster than the Australian market (5.1% per year).
High Growth Revenue: PSI's revenue (6.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PSI's Return on Equity is forecast to be low in 3 years time (14.8%).
Next Steps
Past Performance
How has PSC Insurance Group performed over the past 5 years?
19.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PSI has a large one-off loss of A$16.3M impacting its June 30 2020 financial results.
Growing Profit Margin: PSI's current net profit margins (10.3%) are lower than last year (21.6%).
Past Earnings Growth Analysis
Earnings Trend: PSI's earnings have grown by 19.9% per year over the past 5 years.
Accelerating Growth: PSI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PSI had negative earnings growth (-27.6%) over the past year, making it difficult to compare to the Insurance industry average (-33.8%).
Return on Equity
High ROE: PSI's Return on Equity (7.7%) is considered low.
Next Steps
Financial Health
How is PSC Insurance Group's financial position?
Financial Position Analysis
Short Term Liabilities: PSI's short term assets (A$264.1M) exceed its short term liabilities (A$219.9M).
Long Term Liabilities: PSI's short term assets (A$264.1M) exceed its long term liabilities (A$197.9M).
Debt to Equity History and Analysis
Debt Level: PSI's debt to equity ratio (64.8%) is considered high.
Reducing Debt: PSI's debt to equity ratio has reduced from 138.5% to 64.8% over the past 5 years.
Debt Coverage: PSI's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: PSI's interest payments on its debt are well covered by EBIT (8.7x coverage).
Balance Sheet
Next Steps
Dividend
What is PSC Insurance Group current dividend yield, its reliability and sustainability?
2.90%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PSI's dividend (2.9%) is higher than the bottom 25% of dividend payers in the Australian market (2.09%).
High Dividend: PSI's dividend (2.9%) is low compared to the top 25% of dividend payers in the Australian market (5%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PSI has been paying a dividend for less than 10 years.
Growing Dividend: PSI's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (135.1%), PSI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PSI's dividends in 3 years are forecast to be covered by earnings (50.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Paul Dwyer
no data
Tenure
AU$94,343
Compensation
Mr. Paul Robert Dwyer, Dip Fin Serv (Ins), has been the Deputy Chairman of PSC Insurance Group Limited since May 16, 2019 and served as its Executive Deputy Chairman since May 2, 2018 until May 16, 2019 an...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD69.36K) is below average for companies of similar size in the Australian market ($USD926.71K).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Deputy Chairman | no data | AU$94.34k | 22.97% A$ 206.9m | |
| Group Chief Executive Officer | 2.5yrs | AU$483.53k | 0.96% A$ 8.7m | |
| Group Chief Financial Officer | 4.92yrs | AU$468.24k | 0.40% A$ 3.6m | |
| Director of Broking & Executive Director | 9.92yrs | AU$350.00k | 12.14% A$ 109.4m | |
| MD & Executive Director | 5.33yrs | AU$533.50k | 0.27% A$ 2.5m | |
| Executive Director | 1.08yrs | AU$582.75k | 2.49% A$ 22.4m | |
| Group Manager Governance & Compliance | 2.83yrs | no data | no data | |
| Company Secretary | 5.5yrs | no data | no data |
2.8yrs
Average Tenure
Experienced Management: PSI's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Deputy Chairman | no data | AU$94.34k | 22.97% A$ 206.9m | |
| Director of Broking & Executive Director | 9.92yrs | AU$350.00k | 12.14% A$ 109.4m | |
| MD & Executive Director | 5.33yrs | AU$533.50k | 0.27% A$ 2.5m | |
| Executive Director | 1.08yrs | AU$582.75k | 2.49% A$ 22.4m | |
| Independent Non-Executive Chairman | no data | AU$350.00k | 12.17% A$ 109.7m | |
| Independent Non-Executive Director | 4.25yrs | AU$168.89k | no data |
4.3yrs
Average Tenure
Experienced Board: PSI's board of directors are considered experienced (4.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.8%.
Top Shareholders
Company Information
PSC Insurance Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: PSC Insurance Group Limited
- Ticker: PSI
- Exchange: ASX
- Founded: 2010
- Industry: Insurance Brokers
- Sector: Insurance
- Market Cap: AU$900.889m
- Shares outstanding: 292.50m
- Website: https://www.pscinsurancegroup.com.au
Location
- PSC Insurance Group Limited
- 96 Wellington Parade
- Level 4
- East Melbourne
- Victoria
- 3002
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PSI | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Dec 2015 |
| PSI | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Dec 2015 |
Biography
PSC Insurance Group Limited provides insurance services in Australia, the United Kingdom, and New Zealand. The company operates through four segments: Distribution, Agency, United Kingdom, and Group. The c...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/25 10:40 |
| End of Day Share Price | 2020/11/25 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.