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PSI

PSC Insurance GroupASX:PSI Stock Report

Last Price

AU$4.80

Market Cap

AU$1.6b

7D

0%

1Y

61.1%

Updated

17 Jan, 2022

Data

Company Financials +
PSI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance4/6
Financial Health5/6
Dividends3/6

PSI Stock Overview

PSC Insurance Group Limited provides diversified insurance services in Australia, the United Kingdom, and New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for PSC Insurance Group
Historical stock prices
Current Share PriceAU$4.80
52 Week HighAU$5.00
52 Week LowAU$2.68
Beta0.76
1 Month Change-4.00%
3 Month Change14.01%
1 Year Change61.07%
3 Year Change87.50%
5 Year Change137.62%
Change since IPO380.00%

Recent News & Updates

Sep 08
PSC Insurance Group's (ASX:PSI) Dividend Will Be Increased To AU$0.065

PSC Insurance Group's (ASX:PSI) Dividend Will Be Increased To AU$0.065

PSC Insurance Group Limited ( ASX:PSI ) has announced that it will be increasing its dividend on the 13th of October to...

Shareholder Returns

PSIAU InsuranceAU Market
7D0%-1.6%-0.5%
1Y61.1%17.6%10.4%

Return vs Industry: PSI exceeded the Australian Insurance industry which returned 17.6% over the past year.

Return vs Market: PSI exceeded the Australian Market which returned 10.4% over the past year.

Price Volatility

Is PSI's price volatile compared to industry and market?
PSI volatility
PSI Average Weekly Movement6.1%
Insurance Industry Average Movement3.3%
Market Average Movement8.4%
10% most volatile stocks in AU Market15.2%
10% least volatile stocks in AU Market3.6%

Stable Share Price: PSI is not significantly more volatile than the rest 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.

About the Company

FoundedEmployeesCEOWebsite
2010n/an/ahttps://www.pscinsurancegroup.com.au

PSC Insurance Group Limited provides diversified insurance services in Australia, the United Kingdom, and New Zealand. The company operates through four segments: Distribution, Specialty, United Kingdom, and Group. The company provides commercial and life insurance broking, as well as workers compensation consulting services.

PSC Insurance Group Fundamentals Summary

How do PSC Insurance Group's earnings and revenue compare to its market cap?
PSI fundamental statistics
Market CapAU$1.57b
Earnings (TTM)AU$40.45m
Revenue (TTM)AU$204.44m

38.9x

P/E Ratio

7.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PSI income statement (TTM)
RevenueAU$204.44m
Cost of RevenueAU$105.28m
Gross ProfitAU$99.16m
ExpensesAU$58.71m
EarningsAU$40.45m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin48.50%
Net Profit Margin19.78%
Debt/Equity Ratio51.0%

How did PSI perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

79%

Payout Ratio

Valuation

Is PSC Insurance Group undervalued compared to its fair value and its price relative to the market?

38.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PSI (A$4.8) is trading above our estimate of fair value (A$1.82)

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 (38.9x) compared to the Australian Insurance industry average (30.7x).

PE vs Market: PSI is poor value based on its PE Ratio (38.9x) compared to the Australian market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: PSI is poor value based on its PEG Ratio (4.5x)


Price to Book Ratio

PB vs Industry: PSI is overvalued based on its PB Ratio (4.6x) compared to the AU Insurance industry average (4.1x).


Future Growth

How is PSC Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PSI's forecast earnings growth (8.7% per year) is above the savings rate (1.9%).

Earnings vs Market: PSI's earnings (8.7% per year) are forecast to grow slower than the Australian market (11.3% per year).

High Growth Earnings: PSI's earnings are forecast to grow, but not significantly.

Revenue vs Market: PSI's revenue (11.3% per year) is forecast to grow faster than the Australian market (4.9% per year).

High Growth Revenue: PSI's revenue (11.3% 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 (16%).


Past Performance

How has PSC Insurance Group performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PSI has a large one-off gain of A$13.7M impacting its June 30 2021 financial results.

Growing Profit Margin: PSI's current net profit margins (19.8%) are higher than last year (10.3%).


Past Earnings Growth Analysis

Earnings Trend: PSI's earnings have grown by 11% per year over the past 5 years.

Accelerating Growth: PSI's earnings growth over the past year (126.1%) exceeds its 5-year average (11% per year).

Earnings vs Industry: PSI earnings growth over the past year (126.1%) exceeded the Insurance industry 57.5%.


Return on Equity

High ROE: PSI's Return on Equity (11.8%) is considered low.


Financial Health

How is PSC Insurance Group's financial position?


Financial Position Analysis

Short Term Liabilities: PSI's short term assets (A$368.0M) exceed its short term liabilities (A$302.1M).

Long Term Liabilities: PSI's short term assets (A$368.0M) exceed its long term liabilities (A$240.3M).


Debt to Equity History and Analysis

Debt Level: PSI's net debt to equity ratio (36.9%) is considered satisfactory.

Reducing Debt: PSI's debt to equity ratio has increased from 39.6% to 51% over the past 5 years.

Debt Coverage: PSI's debt is well covered by operating cash flow (25.3%).

Interest Coverage: PSI's interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet


Dividend

What is PSC Insurance Group current dividend yield, its reliability and sustainability?

2.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PSI's dividend (2.19%) is higher than the bottom 25% of dividend payers in the Australian market (2.18%).

High Dividend: PSI's dividend (2.19%) is low compared to the top 25% of dividend payers in the Australian market (5.39%).


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 6 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.9%), PSI's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PSI's dividends in 3 years are forecast to be covered by earnings (66.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

PSC Insurance Group has no CEO, or we have no data on them.


Leadership Team

Experienced Management: PSI's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: PSI's board of directors are considered experienced (6 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 4.8%.


Top Shareholders

Company Information

PSC Insurance Group Limited's 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
  • Implied Market Cap: AU$1.573b
  • Shares outstanding: 327.64m
  • Website: https://www.pscinsurancegroup.com.au

Location

  • PSC Insurance Group Limited
  • 96 Wellington Parade
  • Level 4
  • East Melbourne
  • Victoria
  • 3002
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:35
End of Day Share Price2022/01/17 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.