Stock IAG INSURANCE AUSTRALIA GROUP LIMITED
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Financials Insurance Australia Group Limited

Equities

IAG

AU000000IAG3

Property & Casualty Insurance

Market Closed - Australian S.E.
Other stock markets
 11:40:12 03/05/2024 am IST 		5-day change 1st Jan Change
6.44 AUD +0.62% Intraday chart for Insurance Australia Group Limited -1.38% +13.78%
02/04 IAG Appoints Robert Cutler as Group General Counsel CI
27/03 Insurance Australia Group Forecasts Distribution MT

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 18,970 13,251 12,645 10,685 13,829 15,217 - -
Enterprise Value (EV) 1 20,512 15,027 14,891 12,919 15,991 10,860 17,113 15,217
P/E ratio 18.5 x 31.2 x -29 x 32.7 x 17.7 x 17.9 x 16.3 x 15.5 x
Yield 3.87% 1.73% 3.88% 2.52% 2.63% 4.01% 4.68% 4.86%
Capitalization / Revenue 2.62 x 1.83 x 1.7 x 1.35 x 1.66 x 1.63 x 1.52 x 1.47 x
EV / Revenue 2.83 x 2.08 x 2.01 x 1.63 x 1.92 x 1.17 x 1.71 x 1.47 x
EV / EBITDA 14.7 x 16 x 11.7 x 16.5 x 16.2 x 6.95 x 9.78 x 8.85 x
EV / FCF - - - - - 6.67 x 9.92 x 8.66 x
FCF Yield - - - - - 15% 10.1% 11.5%
Price to Book 2.98 x 2.19 x 2.04 x 1.74 x 2.09 x 2.26 x 2.16 x 2.07 x
Nbr of stocks (in thousands) 22,96,617 22,96,617 24,50,671 24,50,671 24,26,116 23,62,865 - -
Reference price 2 8.260 5.770 5.160 4.360 5.700 6.440 6.440 6.440
Announcement Date 07/08/19 06/08/20 10/08/21 11/08/22 20/08/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,238 7,238 7,420 7,909 8,326 9,318 9,983 10,356
EBITDA 1 1,394 938 1,274 782 988 1,562 1,749 1,720
EBIT 1 1,224 741 1,007 586 803 1,361 1,529 1,597
Operating Margin 16.91% 10.24% 13.57% 7.41% 9.64% 14.61% 15.32% 15.42%
Earnings before Tax (EBT) 1 1,332 535 -389 564 1,354 1,443 1,566 1,620
Net income 1 1,076 435 -427 347 832 937.7 1,016 1,048
Net margin 14.87% 6.01% -5.75% 4.39% 9.99% 10.06% 10.18% 10.12%
EPS 2 0.4458 0.1849 -0.1782 0.1333 0.3220 0.3594 0.3952 0.4161
Free Cash Flow 1 - - - - - 1,628 1,725 1,757
FCF margin - - - - - 17.47% 17.28% 16.97%
FCF Conversion (EBITDA) - - - - - 104.25% 98.58% 102.16%
FCF Conversion (Net income) - - - - - 173.63% 169.77% 167.62%
Dividend per Share 2 0.3200 0.1000 0.2000 0.1100 0.1500 0.2582 0.3012 0.3133
Announcement Date 07/08/19 06/08/20 10/08/21 11/08/22 20/08/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1 2026 S2
Net sales 1 3,627 3,611 3,693 3,727 3,963 3,946 4,113 4,213 4,496 4,809 - - - -
EBITDA - - - - - - - - - - - - - -
EBIT 1 501 240 667 340 282 304 350 453 614 762.2 - - - -
Operating Margin 13.81% 6.65% 18.06% 9.12% 7.12% 7.7% 8.51% 10.75% 13.66% 15.85% - - - -
Earnings before Tax (EBT) 1 357 178 - - 283 281 687 667 654 775.5 742.8 750.8 785.5 806.4
Net income 1 283 152 -460 33 173 174 468 364 407 569.3 - - - -
Net margin 7.8% 4.21% -12.46% 0.89% 4.37% 4.41% 11.38% 8.64% 9.05% 11.84% - - - -
EPS 2 - - - 0.0191 0.0664 0.0669 0.1762 0.1458 0.1621 0.1920 - - - -
Dividend per Share 2 0.1000 - 0.0700 0.1300 0.0600 0.0500 0.0600 0.0900 - 0.1545 - - - -
Announcement Date 11/02/20 06/08/20 09/02/21 10/08/21 10/02/22 11/08/22 12/02/23 20/08/23 15/02/24 - - - - -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,542 1,776 2,246 2,234 2,162 - 1,896 -
Net Cash position 1 - - - - - 4,357 - -
Leverage (Debt/EBITDA) 1.106 x 1.893 x 1.763 x 2.857 x 2.188 x - 1.084 x -
Free Cash Flow 1 - - - - - 1,628 1,725 1,757
ROE (net income / shareholders' equity) 14.2% 4.47% 12.1% 3.4% 7% 13.5% 14.7% 14.5%
ROA (Net income/ Total Assets) 3.15% 0.95% 2.37% 0.63% 1.31% 3.18% 3.78% 3.76%
Assets 1 34,124 45,979 -18,047 55,010 63,605 29,515 26,877 27,916
Book Value Per Share 2 2.770 2.630 2.530 2.500 2.720 2.860 2.980 3.120
Cash Flow per Share 2 - - 0.6700 0.3300 0.1600 0.5800 0.6200 0.6300
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 07/08/19 06/08/20 10/08/21 11/08/22 20/08/23 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Insurance Australia Group Limited

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
6.44 AUD
Average target price
6.358 AUD
Spread / Average Target
-1.27%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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