GLOBE LIFE INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 79.28 USD | -0.25% |
|
+4.95% | -34.87% |
| 30/04 | Globe Life becomes target of second short seller this month | RE |
| 30/04 | Wall St falls in lead up to Fed verdict after hot labor costs data | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,397 | 9,939 | 9,464 | 11,726 | 11,456 | 7,455 | - | - |
| Enterprise Value (EV) 1 | 13,045 | 11,862 | 11,490 | 13,803 | 13,572 | 10,185 | 10,676 | 11,189 |
| P/E ratio | 15.4 x | 13.9 x | 13 x | 16.1 x | 12.1 x | 6.89 x | 6.2 x | 5.61 x |
| Yield | 0.66% | 0.79% | 0.84% | 0.69% | 0.74% | 1.14% | 1.14% | 1.08% |
| Capitalization / Revenue | 2.52 x | 2.1 x | 1.85 x | 2.25 x | 2.1 x | 1.28 x | 1.22 x | 1.17 x |
| EV / Revenue | 2.88 x | 2.5 x | 2.25 x | 2.65 x | 2.49 x | 1.75 x | 1.75 x | 1.75 x |
| EV / EBITDA | 12.6 x | 11.9 x | 11.3 x | - | - | 6.83 x | 7.11 x | 7.19 x |
| EV / FCF | - | - | - | - | - | 22.6 x | - | - |
| FCF Yield | - | - | - | - | - | 4.42% | - | - |
| Price to Book | 1.59 x | 1.14 x | 1.09 x | 2.43 x | 2.58 x | 1.31 x | 1.11 x | 0.91 x |
| Nbr of stocks (in thousands) | 1,08,288 | 1,04,662 | 1,00,979 | 97,270 | 94,119 | 94,037 | - | - |
| Reference price 2 | 105.2 | 94.96 | 93.72 | 120.6 | 121.7 | 79.28 | 79.28 | 79.28 |
| Announcement Date | 04/02/20 | 02/02/21 | 02/02/22 | 01/02/23 | 07/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,528 | 4,738 | 5,113 | 5,215 | 5,448 | 5,825 | 6,088 | 6,377 |
| EBITDA 1 | 1,032 | 1,000 | 1,016 | - | - | 1,491 | 1,501 | 1,556 |
| EBIT 1 | - | 706.7 | 666.3 | 799.4 | 1,279 | 1,387 | 1,444 | - |
| Operating Margin | - | 14.92% | 13.03% | 15.33% | 23.47% | 23.81% | 23.72% | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | 1,194 | 1,328 | 1,441 | 1,537 |
| Net income 1 | 760.8 | 731.8 | 745 | 739.7 | 970.8 | 1,076 | 1,145 | 1,217 |
| Net margin | 16.8% | 15.45% | 14.57% | 14.18% | 17.82% | 18.47% | 18.8% | 19.08% |
| EPS 2 | 6.830 | 6.820 | 7.220 | 7.470 | 10.07 | 11.50 | 12.79 | 14.13 |
| Free Cash Flow 1 | - | - | - | - | - | 450 | - | - |
| FCF margin | - | - | - | - | - | 7.73% | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | 30.18% | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | 41.83% | - | - |
| Dividend per Share 2 | 0.6900 | 0.7500 | 0.7900 | 0.8300 | 0.9000 | 0.9000 | 0.9075 | 0.8550 |
| Announcement Date | 04/02/20 | 02/02/21 | 02/02/22 | 01/02/23 | 07/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,278 | 1,297 | 1,308 | 1,293 | 1,291 | 1,323 | 1,321 | 1,326 | 1,384 | 1,416 | 1,416 | 1,449 | 1,465 | 1,481 | 1,506 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 173.4 | 159.4 | 159.3 | 206 | 215.8 | 218.4 | 311 | 315.4 | 324.3 | 327.8 | 324.4 | 346.1 | 350.4 | 352.1 | 340.2 |
| Operating Margin | 13.57% | 12.29% | 12.17% | 15.93% | 16.71% | 16.51% | 23.54% | 23.78% | 23.43% | 23.16% | 22.9% | 23.88% | 23.92% | 23.78% | 22.59% |
| Earnings before Tax (EBT) 1 | - | 217.6 | 201.6 | 217 | 230 | 257.7 | 274.2 | 264.5 | 318.8 | 336.7 | 314.9 | 339 | 345.3 | 350.2 | 352.2 |
| Net income 1 | - | 178 | 164.4 | 177 | 186.8 | 211.6 | 223.6 | 215.3 | 257.1 | 274.8 | 254.2 | 270.1 | 273.4 | 277.6 | 281.2 |
| Net margin | - | 13.72% | 12.56% | 13.69% | 14.46% | 15.99% | 16.92% | 16.23% | 18.57% | 19.41% | 17.95% | 18.64% | 18.66% | 18.75% | 18.67% |
| EPS 2 | 1.840 | 1.760 | 1.640 | 1.790 | 1.900 | 2.140 | 2.280 | 2.240 | 2.680 | 2.880 | 2.670 | 2.864 | 2.950 | 3.022 | 3.067 |
| Dividend per Share 2 | 0.1975 | 0.1975 | 0.2075 | 0.2075 | 0.2075 | 0.2075 | 0.2250 | 0.2250 | 0.2250 | 0.2250 | 0.2367 | 0.2400 | 0.2400 | 0.2400 | - |
| Announcement Date | 20/10/21 | 02/02/22 | 20/04/22 | 27/07/22 | 26/10/22 | 01/02/23 | 03/05/23 | 26/07/23 | 25/10/23 | 07/02/24 | 22/04/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,648 | 1,923 | 2,026 | 2,077 | 2,116 | 2,729 | 3,221 | 3,734 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.597 x | 1.922 x | 1.994 x | - | - | 1.83 x | 2.146 x | 2.399 x |
| Free Cash Flow 1 | - | - | - | - | - | 450 | - | - |
| ROE (net income / shareholders' equity) | 11.6% | 9.5% | 8.13% | 10.9% | 24.3% | 21.7% | 19.1% | 15.4% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 66.00 | 83.20 | 86.00 | 49.70 | 47.10 | 60.70 | 71.60 | 87.10 |
| Cash Flow per Share | - | 13.80 | 13.90 | 14.40 | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 04/02/20 | 02/02/21 | 02/02/22 | 01/02/23 | 07/02/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
79.28
USD
Average target price
106.4
USD
Spread / Average Target
+34.26%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -34.87% | 7.47B | |
| +9.09% | 98.09B | |
| +2.63% | 95.12B | |
| -10.14% | 82.72B | |
| +20.44% | 74.13B | |
| +8.49% | 30.52B | |
| +20.29% | 28.07B | |
| +6.64% | 27.62B | |
| +2.68% | 17.24B | |
| -10.96% | 15.04B |
- Stock Market
- Equities
- GL Stock
- Financials Globe Life Inc.
