Company Valuation: Globe Life Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 9,464 11,726 11,456 9,362 11,134 11,441 - -
Change - 23.9% -2.3% -18.28% 18.93% 2.76% - -
Enterprise Value (EV) 1 11,490 13,803 13,572 12,101 13,759 15,090 15,672 16,290
Change - 20.13% -1.67% -10.84% 13.7% 9.67% 3.86% 3.94%
P/E ratio 13x 16.1x 12.1x 9.34x 9.94x 9.6x 8.88x 8.05x
PBR 1.09x 2.43x 2.58x 1.78x 1.89x 1.73x 1.53x 1.33x
PEG - 4.65x 0.3x 0.5x 0.6x 1.21x 1.1x 0.8x
Capitalization / Revenue 1.85x 2.25x 2.1x 1.62x 1.86x 1.79x 1.69x 1.58x
EV / Revenue 2.25x 2.65x 2.49x 2.09x 2.3x 2.36x 2.32x 2.26x
EV / EBITDA 11.3x - - - - 8.92x 9.13x 9.04x
EV / EBIT 17.2x 17.3x 10.6x 8.7x 8.86x 9.63x 9.69x -
EV / FCF - - - - - 23.2x 22.4x -
FCF Yield - - - - - 4.31% 4.47% -
Dividend per Share 2 0.79 0.83 0.9 0.96 - 1.178 1.274 1.4
Rate of return 0.84% 0.69% 0.74% 0.86% - 0.81% 0.87% 0.96%
EPS 2 7.22 7.47 10.07 11.94 14.07 15.19 16.42 18.12
Distribution rate 10.9% 11.1% 8.94% 8.04% - 7.76% 7.76% 7.73%
Net sales 1 5,113 5,215 5,448 5,778 5,994 6,384 6,754 7,219
EBITDA 1 1,016 - - - - 1,691 1,717 1,803
EBIT 1 666.3 799.4 1,279 1,390 1,553 1,567 1,617 -
Net income 1 745 739.7 970.8 1,071 1,161 1,179 1,223 1,306
Net Debt 1 2,026 2,077 2,116 2,740 2,625 3,649 4,231 4,849
Reference price 2 93.72 120.55 121.72 111.52 139.86 145.84 145.84 145.84
Nbr of stocks (in thousands) 1,00,979 97,270 94,119 83,945 79,606 78,448 - -
Announcement Date 02/02/22 01/02/23 07/02/24 05/02/25 04/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.6x2.36x8.92x0.81% 1.14TCr
5.38x1.95x - 3.73% 14TCr
15.51x - - 2.41% 12TCr
9.9x0.47x11.7x1.51% 5.43TCr
10.21x - - 4.09% 3.87TCr
15.51x10.36x98.46x2.69% 3.08TCr
9x2.08x10.17x5.76% 2.2TCr
72.52x1.48x - 0.17% 2.07TCr
66.37x1.21x - 0.37% 1.4TCr
15.59x0.77x - 3.17% 1.21TCr
Average 22.96x 2.59x 32.31x 2.47% 4.64TCr
Weighted average by Cap. 14.97x 2.45x 33.70x 2.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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