PSC Insurance Group
PSC Insurance Group Limited engages in the insurance services businesses in Australia, the United Kingdom, and New Zealand. The last earnings update was 180 days ago. More info.
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PSI Share Price and Events
7 Day Returns
1 Year Returns
PSI Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| PSC Insurance Group (PSI) | -5.5% | -1.1% | 2% | -10.3% | 36.8% | - |
| AU Insurance | -1% | -3.1% | -2.3% | -1.8% | 20.2% | 11.3% |
| AU Market | -2.5% | -4.4% | -1.1% | -0.6% | 13.1% | 5.9% |
1 Year Return vs Industry and Market
- PSI underperformed the Insurance industry which returned -1.8% over the past year.
- PSI underperformed the Market in Australia which returned -0.6% over the past year.
PSI Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
PSC Insurance Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for PSC Insurance Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = A$0.34 * 21.8% |
A$0.07 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | A$0.34 |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year AU Government Bond Rate | 2.3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AU Govt Bond Rate | 2.3% |
| Equity Risk Premium | S&P Global | 6% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.66 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.662 (1 + (1- 30%) (8.25%)) |
0.867 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.87 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.867 * 5.96%) |
7.48% |
Discounted Cash Flow Calculation for ASX:PSI using Excess Returns Model Model
The calculations below outline how an intrinsic value for PSC Insurance Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (21.8% – 7.48%) * A$0.34) |
A$0.05 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= A$0.05 / (7.48% - 2.31%) |
A$0.93 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= A$0.34 + A$0.93 |
A$1.27 |
| Calculation | Result | |
|---|---|---|
| Value per share (AUD) | From above. | A$1.27 |
| Current discount | Discount to share price of
A$2.60
= -1 x (A$2.60 - A$1.27) / A$1.27 |
-104.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of PSC Insurance Group is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for PSC Insurance Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
PSC Insurance Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in AUD | A$0.06 |
| ASX:PSI Share Price ** | ASX (2019-08-19) in AUD | A$2.6 |
| Australia Insurance Industry PE Ratio | Median Figure of 10 Publicly-Listed Insurance Companies | 19.59x |
| Australia Market PE Ratio | Median Figure of 538 Publicly-Listed Companies | 15.75x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of PSC Insurance Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:PSI Share Price ÷ EPS (both in AUD) = 2.6 ÷ 0.06 |
42.35x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PSC Insurance Group is overvalued based on earnings compared to the AU Insurance industry average.
- PSC Insurance Group is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does
PSC Insurance Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 42.35x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
34.7%per year |
| Australia Insurance Industry PEG Ratio | Median Figure of 9 Publicly-Listed Insurance Companies | 2.87x |
| Australia Market PEG Ratio | Median Figure of 354 Publicly-Listed Companies | 1.38x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 42.35x ÷ 34.7% |
1.22x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PSC Insurance Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
PSC Insurance Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in AUD | A$0.57 |
| ASX:PSI Share Price * | ASX (2019-08-19) in AUD | A$2.6 |
| Australia Insurance Industry PB Ratio | Median Figure of 10 Publicly-Listed Insurance Companies | 2.81x |
| Australia Market PB Ratio | Median Figure of 1,687 Publicly-Listed Companies | 1.67x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:PSI Share Price ÷ Book Value per Share (both in AUD) = 2.6 ÷ 0.57 |
4.57x |
* Primary Listing of PSC Insurance Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PSC Insurance Group is overvalued based on assets compared to the AU Insurance industry average.
Value checks
We assess PSC Insurance Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) PSC Insurance Group has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
PSI Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- PSC Insurance Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
- PSC Insurance Group's earnings growth is expected to exceed the Australia market average.
- PSC Insurance Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:PSI Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 34.7% |
| ASX:PSI Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 27.6% |
| Australia Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 4.5% |
| Australia Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | -3.1% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 7.8% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (7 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-06-30 | 201 | 42 | 41 | 1 |
| 2020-06-30 | 183 | 39 | 37 | 2 |
| 2019-06-30 | 125 | 36 | 25 | 2 |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 105 | 30 | 15 |
| 2018-09-30 | 101 | 43 | 21 |
| 2018-06-30 | 96 | 56 | 28 |
| 2018-03-31 | 93 | 50 | 31 |
| 2017-12-31 | 87 | 45 | 35 |
| 2017-09-30 | 83 | 26 | 27 |
| 2017-06-30 | 79 | 7 | 20 |
| 2017-03-31 | 76 | 22 | 17 |
| 2016-12-31 | 73 | 37 | 14 |
| 2016-09-30 | 70 | 37 | 12 |
| 2016-06-30 | 66 | 38 | 10 |
| 2016-03-31 | 62 | 23 | 8 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (7 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from PSC Insurance Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-06-30 | 0.16 | 0.16 | 0.16 | 1.00 |
| 2020-06-30 | 0.15 | 0.15 | 0.15 | 1.00 |
| 2019-06-30 |
| Date (Data in AUD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.06 |
| 2018-09-30 | 0.09 |
| 2018-06-30 | 0.12 |
| 2018-03-31 | 0.13 |
| 2017-12-31 | 0.15 |
| 2017-09-30 | 0.12 |
| 2017-06-30 | 0.09 |
| 2017-03-31 | 0.07 |
| 2016-12-31 | 0.06 |
| 2016-09-30 | 0.05 |
| 2016-06-30 | 0.05 |
| 2016-03-31 | 0.03 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess PSC Insurance Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
PSC Insurance Group has a total score of 5/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
PSI Past Performance
How has PSC Insurance Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- PSC Insurance Group has delivered over 20% year on year earnings growth in the past 5 years.
- PSC Insurance Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- PSC Insurance Group's 1-year earnings growth is negative, it can't be compared to the AU Insurance industry average.
Earnings and Revenue History
All data from PSC Insurance Group Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 105.34 | 14.91 | 23.88 | |
| 2018-09-30 | 100.87 | 21.24 | 22.62 | |
| 2018-06-30 | 96.39 | 27.57 | 21.36 | |
| 2018-03-31 | 92.79 | 31.23 | 19.21 | |
| 2017-12-31 | 87.12 | 34.88 | 17.01 | |
| 2017-09-30 | 82.86 | 27.30 | 15.80 | |
| 2017-06-30 | 78.60 | 19.72 | 14.60 | |
| 2017-03-31 | 75.84 | 16.73 | 13.58 | |
| 2016-12-31 | 73.08 | 13.73 | 12.55 | |
| 2016-09-30 | 69.68 | 11.85 | 12.58 | |
| 2016-06-30 | 66.28 | 9.97 | 12.61 | |
| 2016-03-31 | 61.51 | 7.64 | 13.13 | |
| 2015-12-31 | 56.75 | 5.32 | 13.66 | |
| 2015-09-30 | 53.06 | 5.87 | 11.96 | |
| 2015-06-30 | 49.36 | 6.41 | 10.26 | |
| 2014-06-30 | 38.13 | 5.25 | 8.55 | |
| 2013-06-30 | 31.73 | 1.36 | 6.96 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- PSC Insurance Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- PSC Insurance Group used its assets less efficiently than the AU Insurance industry average last year based on Return on Assets.
- PSC Insurance Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess PSC Insurance Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
PSC Insurance Group has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
PSI Health
How is PSC Insurance Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up PSC Insurance Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- PSC Insurance Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- PSC Insurance Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 7.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from PSC Insurance Group Company Filings, last reported 7 months ago.
| Date (Data in AUD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 142.60 | 57.54 | 125.50 |
| 2018-09-30 | 142.60 | 57.54 | 125.50 |
| 2018-06-30 | 145.42 | 54.35 | 161.00 |
| 2018-03-31 | 145.42 | 54.35 | 161.00 |
| 2017-12-31 | 143.46 | 54.94 | 162.14 |
| 2017-09-30 | 143.46 | 54.94 | 162.14 |
| 2017-06-30 | 77.97 | 44.38 | 80.17 |
| 2017-03-31 | 77.97 | 44.38 | 80.17 |
| 2016-12-31 | 66.90 | 37.23 | 80.05 |
| 2016-09-30 | 66.90 | 37.23 | 80.05 |
| 2016-06-30 | 67.80 | 26.72 | 88.22 |
| 2016-03-31 | 67.80 | 26.72 | 88.22 |
| 2015-12-31 | 61.49 | 2.34 | 60.01 |
| 2015-09-30 | 61.49 | 2.34 | 60.01 |
| 2015-06-30 | 24.45 | 35.70 | 58.26 |
| 2014-06-30 | 17.36 | 31.04 | 39.56 |
| 2013-06-30 | 11.38 | 26.03 | 27.87 |
- PSC Insurance Group's level of debt (40.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (198.3% vs 40.4% today).
- Debt is well covered by operating cash flow (53%, greater than 20% of total debt).
- PSC Insurance Group earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess PSC Insurance Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) PSC Insurance Group has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
PSI Dividends
What is PSC Insurance Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
A$2,000 of
PSC Insurance Group
shares you are expected to receive
A$58
in your first year as a dividend.
Dividend Amount
- PSC Insurance Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.68%).
- PSC Insurance Group's dividend is below the markets top 25% of dividend payers in Australia (5.9%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Australia Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 9 Stocks | 4.3% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 412 Stocks | 4.3% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.7% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-06-30 | 0.09 | 1.00 |
| 2020-06-30 | 0.10 | 2.00 |
| 2019-06-30 | 0.08 | 2.00 |
| Date (Data in A$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-20 | 0.076 | 2.916 |
| 2018-08-22 | 0.072 | 2.670 |
| 2018-02-20 | 0.067 | 2.375 |
| 2017-08-22 | 0.060 | 2.073 |
| 2016-08-23 | 0.037 | 1.779 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, PSC Insurance Group has been paying a dividend for less than 10 years.
- Dividend payments have increased, but PSC Insurance Group only paid a dividend in the past 3 years.
Income/ dividend checks
We assess PSC Insurance Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can PSC Insurance Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) PSC Insurance Group has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
PSI Management
CEO
| COMPENSATION | A$300,000 |
CEO Bio
Mr. Paul Robert Dwyer served as Group Managing Director at PSC Insurance Group Ltd from May 2, 2018 to May 16, 2019 and has been its Executive Deputy Chairman since May 2, 2018. Mr. Dwyer is the Managing Director and Founder of the PSC Capital Pty Ltd. His focus remains the strategic direction of the company, exploring acquisition and organic growth opportunities and to encourage and inspire the staff within the firm to think laterally and innovate. Mr. Dwyer has been Director at PSC Insurance Group Pty Ltd. since December 10, 2010.
CEO Compensation
- Paul's compensation has been consistent with company performance over the past year, both up more than 20%.
- Paul's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure
Average tenure of the PSC Insurance Group management team in years:
- The average tenure for the PSC Insurance Group management team is less than 2 years, this suggests a new team.
Management Team
Paul Dwyer
Executive Deputy Chairman
A$300K
Rohan Stewart
Group Chief Executive Officer
A$350K
1.3 yrs
Josh Reid
Group Chief Financial Officer
A$300K
John Dwyer
Director of Broking & Executive Director
A$300K
Tony Robinson
MD & Executive Director
A$60K
61
0.3 yrs
Julia Mitchell
Group Manager Governance & Compliance
1.6 yrs
Stephen Abbott
Company Secretary
4.3 yrs
Board of Directors Tenure
Average tenure of the PSC Insurance Group board of directors in years:
- The tenure for the PSC Insurance Group board of directors is about average.
Board of Directors
Brian Austin
Non-Executive Chairman
A$300K
Paul Dwyer
Executive Deputy Chairman
A$300K
1.3 yrs
John Dwyer
Director of Broking & Executive Director
A$300K
8.7 yrs
Tony Robinson
MD & Executive Director
A$60K
61
4.1 yrs
Mel Sims
Independent Non-Executive Director
A$87K
3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21. Dec 18 | Sell | Paul Dwyer | Individual | 20. Dec 18 | 20. Dec 18 | -4,200,000 | A$2.50 | A$-10,499,995 | ||
| 09. Nov 18 | Buy | Brian Austin | Individual | 08. Nov 18 | 08. Nov 18 | 30,000 | A$2.75 | A$82,500 | ||
| 24. Aug 18 | Buy | John Dwyer | Individual | 23. Aug 18 | 23. Aug 18 | 110,000 | A$3.00 | A$330,000 | ||
| 23. Aug 18 | Buy | Paul Dwyer | Individual | 23. Aug 18 | 23. Aug 18 | 280,000 | A$3.00 | A$840,000 | ||
Management checks
We assess PSC Insurance Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) PSC Insurance Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
PSI News
Simply Wall St News
Who Has Been Selling PSC Insurance Group Limited (ASX:PSI) Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in PSC Insurance Group Limited (ASX:PSI). … ASX:PSI Recent Insider Trading, August 5th 2019 Insider Ownership of PSC Insurance Group For a common shareholder, it is worth checking how many shares are held by company insiders. … While we feel good about high insider ownership of PSC Insurance Group, we can't say the same about the selling of shares.
Simply Wall St - – Full articleShould PSC Insurance Group (ASX:PSI) Be Disappointed With Their 50% Profit?
For example, the PSC Insurance Group Limited (ASX:PSI) share price is up 50% in the last three years, clearly besting than the market return of around 20% (not including dividends). … During three years of share price growth, PSC Insurance Group achieved compound earnings per share growth of 37% per year. … As it happens, PSC Insurance Group's TSR for the last 3 years was 62%, which exceeds the share price return mentioned earlier.
Simply Wall St - – Full articleDoes PSC Insurance Group Limited's (ASX:PSI) CEO Salary Reflect Performance?
Check out our latest analysis for PSC Insurance Group How Does Paul Dwyer's Compensation Compare With Similar Sized Companies? … Boasting a total shareholder return of 64% over three years, PSC Insurance Group Limited has done well by shareholders. … It looks like PSC Insurance Group Limited pays its CEO less than similar sized companies.
Simply Wall St - – Full articleWhat Kind Of Investor Owns Most Of PSC Insurance Group Limited (ASX:PSI)?
Our analysis of the ownership of the company, below, shows that institutions own shares in the company. … However, high insider ownership can also give immense power to a small group within the company. … Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.
Simply Wall St - – Full articleHere's What PSC Insurance Group Limited's (ASX:PSI) P/E Is Telling Us
The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for PSC Insurance Group: P/E of 42.35 = A$2.6 ÷ A$0.061 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … How Does PSC Insurance Group's P/E Ratio Compare To Its Peers? … How Does PSC Insurance Group's Debt Impact Its P/E Ratio?
Simply Wall St - – Full articleWhat PSC Insurance Group Limited's (ASX:PSI) ROE Can Tell Us
The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for PSC Insurance Group: 11% = AU$15m ÷ AU$143m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does PSC Insurance Group Have A Good Return On Equity? … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.
Simply Wall St - – Full articleAn Examination Of PSC Insurance Group Limited (ASX:PSI)
I've been keeping an eye on PSC Insurance Group Limited (ASX:PSI) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe PSI has a lot to offer. … is a company with
Simply Wall St - – Full articleRead This Before Buying PSC Insurance Group Limited (ASX:PSI) Shares
So shareholders might well want to know whether insiders have been buying or selling shares in PSC Insurance Group Limited (ASX:PSI). … Over the last year, we can see that the biggest insider sale was by the Executive Deputy Chairman & Group MD, Paul Dwyer, for AU$10m worth of shares, at about AU$2.50 per share. … While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign.
Simply Wall St - – Full articleHow Should Investors React To PSC Insurance Group Limited's (ASX:PSI) CEO Pay?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Paul Dwyer's Compensation Compare With Similar Sized Companies. … According to our data, PSC Insurance Group Limited has a market capitalization of AU$627m, and pays its CEO total annual compensation worth AU$300k.
Simply Wall St - – Full articleCan You Imagine How PSC Insurance Group's (ASX:PSI) Shareholders Feel About The 68% Share Price Increase?
For example, the PSC Insurance Group Limited (ASX:PSI) share price is up 68% in the last three years, clearly besting than the market return of around 21% (not including dividends). … PSC Insurance Group was able to grow its EPS at 37% per year over three years, sending the share price higher. … It might be well worthwhile taking a look at our free report on PSC Insurance Group's earnings, revenue and cash flow.
Simply Wall St - – Full articlePSI Company Info
Description
PSC Insurance Group Limited engages in the insurance services businesses in Australia, the United Kingdom, and New Zealand. The company is involved in insurance broking, reinsurance, and underwriting agency operations. It also engages in life insurance broking, online direct general insurance, and third party claims management business; and retail commercial and wholesale insurance broking activities. The company primarily serves SMEs, and other insurance brokers and carriers. PSC Insurance Group Limited is headquartered in East Melbourne, Australia.
Details
| Name: | PSC Insurance Group Limited |
| PSI | |
| Exchange: | ASX |
| Founded: | |
| A$697,696,483 | |
| 263,281,692 | |
| Website: | http://www.pscinsurancegroup.com.au |
| Address: |
PSC Insurance Group Limited 96 Wellington Parade, East Melbourne, Victoria, 3002, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | PSI | Ordinary Shares | Australian Securities Exchange | AU | AUD | 14. Dec 2015 |
Number of employees
Current staff
Industry
| Insurance Brokers | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/08/19 10:38 |
| End of day share price update: | 2019/08/19 00:00 |
| Last estimates confirmation: | 2019/08/12 |
| Last earnings filing: | 2019/02/20 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/06/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
