We’ve recently updated our valuation analysis.

PSC Insurance Group Valuation

Is PSI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

[object Object] Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PSI?

Other financial metrics that can be useful for relative valuation.

PSI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7.2x
Enterprise Value/EBITDA19.6x
PEG Ratio2.7x

Price to Earnings Ratio vs Peers

How does PSI's PE Ratio compare to its peers?

The above table shows the PE ratio for PSI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average40.2x
AUB AUB Group
29.1x13.7%AU$2.4b
SDF Steadfast Group
32x9.0%AU$5.5b
ENA Ensurance
74.3xn/aAU$20.3m
NHF nib holdings
25.3x10.7%AU$3.4b
PSI PSC Insurance Group
64.5x24.3%AU$1.7b

Price-To-Earnings vs Peers: PSI is expensive based on its Price-To-Earnings Ratio (64.5x) compared to the peer average (40.2x).


Price to Earnings Ratio vs Industry

How does PSI's PE Ratio compare vs other companies in the Global Insurance Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.3%
n/an/an/a

Price-To-Earnings vs Industry: PSI is expensive based on its Price-To-Earnings Ratio (64.5x) compared to the Global Insurance industry average (12.4x)


Price to Earnings Ratio vs Fair Ratio

What is PSI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PSI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio64.5x
Fair PE Ratio38.9x

Price-To-Earnings vs Fair Ratio: PSI is expensive based on its Price-To-Earnings Ratio (64.5x) compared to the estimated Fair Price-To-Earnings Ratio (38.9x).


Share Price vs Fair Value

What is the Fair Price of PSI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PSI (A$4.88) is trading above our estimate of fair value (A$1.95)

Significantly Below Fair Value: PSI is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PSI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$4.88
AU$5.50
+12.7%
3.6%AU$5.70AU$5.30n/a2
Nov ’23AU$4.95
AU$5.45
+10.1%
2.8%AU$5.60AU$5.30n/a2
Oct ’23AU$4.80
AU$5.45
+13.5%
2.8%AU$5.60AU$5.30n/a2
Sep ’23AU$5.10
AU$5.45
+6.9%
2.8%AU$5.60AU$5.30n/a2
Aug ’23AU$4.22
AU$5.13
+21.4%
7.3%AU$5.50AU$4.75n/a2
Jul ’23AU$4.16
AU$4.98
+19.6%
4.5%AU$5.20AU$4.75n/a2
Jun ’23AU$4.50
AU$5.20
+15.6%
0%AU$5.20AU$5.20n/a1
May ’23AU$4.60
AU$4.93
+7.1%
5.6%AU$5.20AU$4.65n/a2
Apr ’23AU$4.50
AU$4.98
+10.7%
4.8%AU$5.20AU$4.65n/a3
Mar ’23AU$4.77
AU$4.95
+3.8%
3.0%AU$5.10AU$4.80n/a2
Feb ’23AU$4.50
AU$4.73
+5.0%
4.8%AU$4.95AU$4.50n/a2
Jan ’23AU$4.73
AU$4.73
-0.1%
4.8%AU$4.95AU$4.50n/a2
Dec ’22AU$4.45
AU$4.73
+6.2%
4.8%AU$4.95AU$4.50AU$4.902
Nov ’22AU$4.79
AU$4.25
-11.3%
5.9%AU$4.50AU$4.00AU$4.952
Oct ’22AU$4.16
AU$4.25
+2.2%
5.9%AU$4.50AU$4.00AU$4.802
Sep ’22AU$4.08
AU$4.25
+4.2%
5.9%AU$4.50AU$4.00AU$5.102
Aug ’22AU$3.50
AU$3.88
+10.7%
0.6%AU$3.90AU$3.85AU$4.222
Jul ’22AU$3.40
AU$3.88
+14.0%
0.6%AU$3.90AU$3.85AU$4.162
Jun ’22AU$3.50
AU$3.88
+10.7%
0.6%AU$3.90AU$3.85AU$4.502
May ’22AU$3.55
AU$3.88
+9.2%
0.6%AU$3.90AU$3.85AU$4.602
Apr ’22AU$3.29
AU$3.78
+15.0%
3.5%AU$3.90AU$3.60AU$4.503
Mar ’22AU$3.33
AU$3.60
+8.1%
0%AU$3.60AU$3.60AU$4.773
Feb ’22AU$2.90
AU$3.53
+21.8%
2.7%AU$3.60AU$3.40AU$4.503
Jan ’22AU$3.00
AU$3.53
+17.8%
2.7%AU$3.60AU$3.40AU$4.733
Dec ’21AU$2.92
AU$3.40
+16.4%
5.9%AU$3.60AU$3.20AU$4.452

Analyst Forecast: Target price is less than 20% higher than the current share price.


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