Financials OUTsurance Group Limited

Equities

OUT

ZAE000314084

Multiline Insurance & Brokers

End-of-day quote Johannesburg S.E. Other stock markets 03:30:00 21/06/2024 am IST			5-day change	1st Jan Change
45.47 ^ZAR	-0.50%		+2.02%	+7.75%

18/03	Transcript : OUTsurance Group Limited, Q2 2024 Earnings Call, Mar 18, 2024
18/03	OUTsurance Group Limited Announces Interim Cash Dividend for the Six Months Ended 31 December 2023, Payable on 15 April 2024	CI

Valuation

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	51,942	44,665	47,928	42,585	52,066	69,723	-	-
Enterprise Value (EV) ¹	51,942	44,665	47,928	42,585	52,066	67,088	66,824	66,534
P/E ratio	13.7 x	28.4 x	16.6 x	1.91 x	18.2 x	20 x	18.7 x	15.9 x
Yield	3.24%	1.54%	1.44%	1.51%	3.97%	2.98%	3.49%	3.93%
Capitalization / Revenue	-	-	-	-	2.13 x	2.61 x	2.34 x	2.09 x
EV / Revenue	-	-	-	-	2.13 x	2.51 x	2.24 x	1.99 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	-	-	-	4.01 x	5.39 x	4.85 x	4.37 x
Nbr of stocks (in thousands)	15,29,069	15,29,631	15,29,280	15,29,633	15,31,808	15,33,389	-	-
Reference price ²	33.97	29.20	31.34	27.84	33.99	45.47	45.47	45.47
Announcement Date	10/09/19	25/09/20	20/09/21	26/09/22	15/09/23	-	-	-

¹ZAR in Million²ZAR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	-	-	-	24,468	26,688	29,851	33,436
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	-	-	-	-	4,755	4,165	4,890	5,391
Operating Margin	-	-	-	-	19.43%	15.6%	16.38%	16.12%
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income ¹	4,047	1,592	2,893	22,396	2,915	3,340	3,937	4,378
Net margin	-	-	-	-	11.91%	12.52%	13.19%	13.09%
EPS ²	2.478	1.027	1.885	14.60	1.866	2.277	2.435	2.855
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	1.100	0.4500	0.4500	0.4200	1.348	1.353	1.588	1.786
Announcement Date	10/09/19	25/09/20	20/09/21	26/09/22	15/09/23	-	-	-

¹ZAR in Million²ZAR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2023 S1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	1,365
Net margin	-
EPS ²	0.8820
Dividend per Share	-
Announcement Date	22/03/23

¹ZAR in Million²ZAR

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	-	-	-	-	2,636	2,899	3,189
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	17.3%	6.73%	10.8%	116%	23.7%	25.1%	26.8%	26.8%
ROA (Net income/ Total Assets)	-	-	-	-	8.67%	11.6%	13.1%	13.4%
Assets ¹	-	-	-	-	33,609	28,917	29,954	32,741
Book Value Per Share ²	-	-	-	-	8.470	8.430	9.370	10.40
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	10/09/19	25/09/20	20/09/21	26/09/22	15/09/23	-	-	-

¹ZAR in Million²ZAR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for OUTsurance Group Limited

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

45.47 ZAR

Average target price

46.23 ZAR

Spread / Average Target

+1.68%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Multiline Insurance & Brokers

	1st Jan change	Capi.
OUTSURANCE GROUP LIMITED	+7.75%	388.16Cr
CHUBB LIMITED	+17.08%	11TCr
ALLIANZ SE	+7.29%	11TCr
MARSH & MCLENNAN COMPANIES	+13.16%	11TCr
ZURICH INSURANCE GROUP LTD	+9.83%	7.77TCr
HARTFORD FINANCIAL SERVICES GROUP (THE), INC.	+28.07%	3.04TCr
TALANX AG	+14.46%	2.04TCr
BB SEGURIDADE PARTICIPAÇÕES S.A.	-2.23%	1.19TCr
POWSZECHNY ZAKLAD UBEZPIECZE? SPÓLKA AKCYJNA	+4.68%	1.05TCr
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED	+23.71%	1.04TCr

Other Multiline Insurance & Brokers