Company Valuation: Insurance Australia Group Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,689 10,735 13,905 16,909 21,340 19,107 - -
Change - -15.4% 29.53% 21.61% 26.21% -10.47% - -
Enterprise Value (EV) 1 14,935 12,969 16,067 19,215 23,193 14,935 14,708 14,585
Change - -13.17% 23.89% 19.6% 20.7% -35.61% -1.52% -0.84%
P/E -29x 32.7x 17.7x 19.7x 16.1x 19x 16.8x 16.2x
PBR 2.04x 1.74x 2.09x 2.54x 2.91x 2.61x 2.53x 2.45x
PEG - -0x 0x 1.6x 0.3x -0.8x 1.2x 4.52x
Capitalization / Revenue 1.71x 1.36x 1.67x 1.83x 2.14x 1.76x 1.71x 1.65x
EV / Revenue 2.01x 1.64x 1.93x 2.08x 2.32x 1.38x 1.31x 1.26x
EV / EBITDA 11.7x 16.6x 16.3x 11.7x 11.8x 8.19x 7.53x 7.09x
EV / EBIT 14.8x 22.1x 20x 13.4x 13.3x 8.67x 7.83x 7.51x
EV / FCF - - - 10.7x 17.2x 21x 10.7x 10.2x
FCF Yield - - - 9.37% 5.83% 4.76% 9.36% 9.81%
Dividend per Share 2 0.2 0.11 0.15 0.27 0.31 0.3064 0.3436 0.363
Rate of return 3.88% 2.52% 2.63% 3.78% 3.43% 3.74% 4.2% 4.43%
EPS 2 -0.1782 0.1333 0.322 0.3624 0.5614 0.4304 0.4885 0.506
Distribution rate -112% 82.5% 46.6% 74.5% 55.2% 71.2% 70.3% 71.7%
Net sales 1 7,420 7,909 8,326 9,244 9,984 10,842 11,192 11,558
EBITDA 1 1,274 782 988 1,638 1,963 1,823 1,954 2,059
EBIT 1 1,007 586 803 1,438 1,743 1,722 1,879 1,943
Net income 1 -427 347 832 898 1,359 1,042 1,157 1,195
Net Debt 1 2,246 2,234 2,162 2,306 1,853 -4,172 -4,399 -4,522
Reference price 2 5.160 4.360 5.700 7.140 9.030 8.190 8.190 8.190
Nbr of stocks (in thousands) 24,59,100 24,62,100 24,39,422 23,68,239 23,63,284 23,32,965 - -
Announcement Date 10/08/21 11/08/22 20/08/23 20/08/24 12/08/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.08x1.38x8.22x3.73% 1.33TCr
14.38x2.01x - 3.15% 8.97TCr
12.03x - - 1.42% 7.18TCr
9x - - 1.74% 6.4TCr
11.07x - - 2.47% 4.19TCr
9.07x1x - 3.76% 4.03TCr
8.59x - - 0.92% 3.86TCr
17.96x2.24x - 1.99% 3.7TCr
11.28x0.84x - 2.56% 3.65TCr
10.11x2.4x - 0.2% 3.54TCr
Average 12.26x 1.64x 8.22x 2.19% 4.68TCr
Weighted average by Cap. 11.91x 1.73x 8.22x 2.16%

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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