| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 1/6 |
QBE Stock Overview
QBE Insurance Group Limited underwrites general insurance and reinsurance risks for personal, business, corporate, institutional, and multinational customers.
Rewards
Risk Analysis
No risks detected for QBE from our risk checks.
QBE Insurance Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$12.05 |
| 52 Week High | AU$12.72 |
| 52 Week Low | AU$7.88 |
| Beta | 1.15 |
| 1 Month Change | 6.73% |
| 3 Month Change | 1.86% |
| 1 Year Change | 42.77% |
| 3 Year Change | 11.06% |
| 5 Year Change | -0.41% |
| Change since IPO | 391.17% |
Recent News & Updates
Shareholder Returns
| QBE | AU Insurance | AU Market | |
|---|---|---|---|
| 7D | -1.0% | -0.9% | -1.7% |
| 1Y | 42.8% | 16.5% | 7.7% |
Return vs Industry: QBE exceeded the Australian Insurance industry which returned 16.5% over the past year.
Return vs Market: QBE exceeded the Australian Market which returned 7.7% over the past year.
Price Volatility
| QBE volatility | |
|---|---|
| QBE Average Weekly Movement | 3.3% |
| Insurance Industry Average Movement | 3.3% |
| Market Average Movement | 8.5% |
| 10% most volatile stocks in AU Market | 15.3% |
| 10% least volatile stocks in AU Market | 3.6% |
Stable Share Price: QBE is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: QBE's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1886 | 11,444 | Andrew Horton | https://www.qbe.com |
QBE Insurance Group Limited underwrites general insurance and reinsurance risks for personal, business, corporate, institutional, and multinational customers. The company offers range of commercial, personal, and specialty products, such as commercial and domestic property, motor and motor casualty, agriculture, public/product liability, professional indemnity, workers' compensation, marine, energy and aviation, accident and health, financial and credit, and other insurances, as well as risk management solutions. It also manages Lloyd’s syndicates, as well as offers investment management services.
QBE Insurance Group Fundamentals Summary
| QBE fundamental statistics | |
|---|---|
| Market Cap | US$12.88b |
| Earnings (TTM) | -US$414.00m |
| Revenue (TTM) | US$13.17b |
1.0x
P/S Ratio-31.0x
P/E RatioIs QBE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| QBE income statement (TTM) | |
|---|---|
| Revenue | US$13.17b |
| Cost of Revenue | US$12.46b |
| Gross Profit | US$709.00m |
| Expenses | US$1.12b |
| Earnings | -US$414.00m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 18, 2022
| Earnings per share (EPS) | -0.28 |
| Gross Margin | 5.39% |
| Net Profit Margin | -3.14% |
| Debt/Equity Ratio | 31.1% |
How did QBE perform over the long term?
See historical performance and comparisonDividends
1.8%
Current Dividend Yield-30%
Payout RatioValuation
Is QBE Insurance Group undervalued compared to its fair value and its price relative to the market?
47.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: QBE (A$12.05) is trading below our estimate of fair value (A$23.09)
Significantly Below Fair Value: QBE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: QBE is unprofitable, so we can't compare its PE Ratio to the Australian Insurance industry average.
PE vs Market: QBE is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate QBE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: QBE is good value based on its PB Ratio (1.5x) compared to the AU Insurance industry average (4x).
Future Growth
How is QBE Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
16.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: QBE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: QBE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: QBE's is expected to become profitable in the next 3 years.
Revenue vs Market: QBE's revenue (1.8% per year) is forecast to grow slower than the Australian market (4.9% per year).
High Growth Revenue: QBE's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: QBE's Return on Equity is forecast to be low in 3 years time (12.4%).
Past Performance
How has QBE Insurance Group performed over the past 5 years?
-32.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QBE is currently unprofitable.
Growing Profit Margin: QBE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: QBE is unprofitable, and losses have increased over the past 5 years at a rate of 32.3% per year.
Accelerating Growth: Unable to compare QBE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: QBE is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (57.5%).
Return on Equity
High ROE: QBE has a negative Return on Equity (-4.04%), as it is currently unprofitable.
Financial Health
How is QBE Insurance Group's financial position?
Financial Position Analysis
Short Term Liabilities: QBE's short term assets ($19.3B) do not cover its short term liabilities ($37.2B).
Long Term Liabilities: QBE's short term assets ($19.3B) exceed its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: QBE has more cash than its total debt.
Reducing Debt: QBE's debt to equity ratio has reduced from 33.6% to 31.1% over the past 5 years.
Debt Coverage: QBE's debt is well covered by operating cash flow (78%).
Interest Coverage: QBE's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
Dividend
What is QBE Insurance Group current dividend yield, its reliability and sustainability?
1.78%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: QBE's dividend (1.78%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.21%).
High Dividend: QBE's dividend (1.78%) is low compared to the top 25% of dividend payers in the Australian market (5.47%).
Stability and Growth of Payments
Stable Dividend: QBE's dividend payments have been volatile in the past 10 years.
Growing Dividend: QBE's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: QBE is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: QBE's dividends in 3 years are forecast to be covered by earnings (54.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Andrew Horton
0.33
Tenure
Mr. Andrew Horton has been the Chief Executive Officer of Beazley Furlonge Ltd. since 2003 and Beazley plc since 2008. Mr. Horton has broad financial services experience with significant exposure to operat...
Leadership Team
Experienced Management: QBE's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: QBE's board of directors are considered experienced (5.3 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
QBE Insurance Group Limited's employee growth, exchange listings and data sources
Key Information
- Name: QBE Insurance Group Limited
- Ticker: QBE
- Exchange: ASX
- Founded: 1886
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Implied Market Cap: AU$17.836b
- Shares outstanding: 1.48b
- Website: https://www.qbe.com
Number of Employees
Location
- QBE Insurance Group Limited
- 388 George Street
- Level 18
- Sydney
- New South Wales
- 2000
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 07:03 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.