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PSC Insurance Group

ASX:PSI
Snowflake Description

High growth potential with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PSI
ASX
A$649M
Market Cap
  1. Home
  2. AU
  3. Insurance
Company description

PSC Insurance Group Limited engages in the insurance services businesses in Australia, the United Kingdom, and New Zealand. The last earnings update was 147 days ago. More info.


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PSI Share Price and Events
7 Day Returns
-5.6%
ASX:PSI
-1.1%
AU Insurance
-0%
AU Market
1 Year Returns
-10.8%
ASX:PSI
6.2%
AU Insurance
5.6%
AU Market
PSI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PSC Insurance Group (PSI) -5.6% 2% 0.4% -10.8% 50% -
AU Insurance -1.1% 2.6% 5.8% 6.2% 21.1% 17%
AU Market -0% 1.7% 6.2% 5.6% 20.1% 12.1%
1 Year Return vs Industry and Market
  • PSI underperformed the Insurance industry which returned 6.2% over the past year.
  • PSI underperformed the Market in Australia which returned 5.6% over the past year.
Price Volatility
PSI
Industry
5yr Volatility vs Market

PSI Value

 Is PSC Insurance Group undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PSC Insurance Group.

ASX:PSI Discounted Cash Flow Data Sources
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 7.2%
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.

Calculation of Discount Rate/ Cost of Equity for ASX:PSI
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 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 30%) (8.86%))
0.818
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.818 * 5.96%)
7.19%

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.

ASX:PSI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (21.8% – 7.19%) * A$0.34)
A$0.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$0.05 / (7.19% - 2.31%)
A$1.01
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$0.34 + A$1.01
A$1.35
ASX:PSI Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$1.35
Current discount Discount to share price of A$2.55
= -1 x (A$2.55 - A$1.35) / A$1.35
-89.4%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
ASX:PSI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.06
ASX:PSI Share Price ** ASX (2019-07-17) in AUD A$2.55
Australia Insurance Industry PE Ratio Median Figure of 10 Publicly-Listed Insurance Companies 22.12x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PSC Insurance Group.

ASX:PSI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:PSI Share Price ÷ EPS (both in AUD)

= 2.55 ÷ 0.06

41.54x

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?
Raw Data
ASX:PSI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
31.1%per year
Australia Insurance Industry PEG Ratio Median Figure of 9 Publicly-Listed Insurance Companies 1.67x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

ASX:PSI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.54x ÷ 31.1%

1.33x

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?
Raw Data
ASX:PSI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.57
ASX:PSI Share Price * ASX (2019-07-17) in AUD A$2.55
Australia Insurance Industry PB Ratio Median Figure of 10 Publicly-Listed Insurance Companies 3.05x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.7x
ASX:PSI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:PSI Share Price ÷ Book Value per Share (both in AUD)

= 2.55 ÷ 0.57

4.49x

* 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.
X
Value checks
We assess PSC Insurance Group's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. 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

 How is PSC Insurance Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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!
Annual Growth Rate
31.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PSC Insurance Group expected to grow at an attractive rate?
  • 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
Raw Data
ASX:PSI Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:PSI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 31.1%
ASX:PSI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 17.3%
Australia Insurance Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Australia Insurance Industry Revenue Growth Rate Market Cap Weighted Average 0.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.2%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*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
Raw Data
ASX:PSI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:PSI Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 165 49 37 1
2020-06-30 151 46 34 2
2019-06-30 125 36 25 2
ASX:PSI Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • PSC Insurance Group's earnings are expected to grow significantly at over 20% yearly.
  • PSC Insurance Group's revenue is expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:PSI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 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 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PSI Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30
2020-06-30
2019-06-30
ASX:PSI Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PSC Insurance Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess PSC Insurance Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare PSC Insurance Group's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
PSC Insurance Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PSC Insurance Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PSI Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess PSC Insurance Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of PSC Insurance Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from PSC Insurance Group Company Filings, last reported 6 months ago.

ASX:PSI Past Debt and Equity Data
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.
X
Financial health checks
We assess PSC Insurance Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PSC Insurance Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
2.98%
Current annual income from PSC Insurance Group dividends. Estimated to be 3.54% next year.
If you bought A$2,000 of PSC Insurance Group shares you are expected to receive A$60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PSC Insurance Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.5%).
  • PSC Insurance Group's dividend is below the markets top 25% of dividend payers in Australia (5.77%).
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.
Raw Data
ASX:PSI Annualized Past and Future Dividends
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 4.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:PSI Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.09 1.00
2020-06-30 0.09 2.00
2019-06-30 0.08 2.00
ASX:PSI Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.076 2.952
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.
Current Payout to shareholders
What portion of PSC Insurance Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess PSC Insurance Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of PSC Insurance Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Dwyer
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:

1.3
Average Tenure
  • The average tenure for the PSC Insurance Group management team is less than 2 years, this suggests a new team.
Management Team

Paul Dwyer

TITLE
Executive Deputy Chairman
COMPENSATION
A$300K

Rohan Stewart

TITLE
Group Chief Executive Officer
COMPENSATION
A$350K
TENURE
1.2 yrs

Josh Reid

TITLE
Group Chief Financial Officer
COMPENSATION
A$300K

John Dwyer

TITLE
Director of Broking & Executive Director
COMPENSATION
A$300K

Tony Robinson

TITLE
MD & Executive Director
COMPENSATION
A$60K
AGE
61
TENURE
0.2 yrs

Julia Mitchell

TITLE
Group Manager Governance & Compliance
TENURE
1.5 yrs

Stephen Abbott

TITLE
Company Secretary
TENURE
4.2 yrs
Board of Directors Tenure

Average tenure of the PSC Insurance Group board of directors in years:

3.5
Average Tenure
  • The tenure for the PSC Insurance Group board of directors is about average.
Board of Directors

Brian Austin

TITLE
Non-Executive Chairman
COMPENSATION
A$300K

Paul Dwyer

TITLE
Executive Deputy Chairman
COMPENSATION
A$300K
TENURE
1.2 yrs

John Dwyer

TITLE
Director of Broking & Executive Director
COMPENSATION
A$300K
TENURE
8.6 yrs

Tony Robinson

TITLE
MD & Executive Director
COMPENSATION
A$60K
AGE
61
TENURE
4 yrs

Mel Sims

TITLE
Independent Non-Executive Director
COMPENSATION
A$87K
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) 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
X
Management checks
We assess PSC Insurance Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Does 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.

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What 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.

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Here'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?

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What 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.

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An 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

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Read 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.

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How 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.

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Can 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.

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Can We See Significant Insider Ownership On The PSC Insurance Group Limited (ASX:PSI) Share Register?

A look at the shareholders of PSC Insurance Group Limited (ASX:PSI) can tell us which group is most powerful. … With a market capitalization of AU$664m, PSC Insurance Group is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

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What Does PSC Insurance Group Limited's (ASX:PSI) P/E Ratio Tell You?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll show how you can use PSC Insurance Group Limited's (ASX:PSI) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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PSI 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$649,112,312
245,875,876
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
Staff numbers
0
PSC Insurance Group employees.
Industry
Insurance Brokers
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 10:40
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/15
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.