Financials OUTsurance Group Limited

Equities

OUT

ZAE000314084

Multiline Insurance & Brokers

End-of-day quote Johannesburg S.E. Other stock markets 06:00:00 2024-05-30 pm EDT			5-day change	1st Jan Change
40.05 ^ZAR	-1.91%		-7.10%	-5.09%

Mar. 18	Transcript : OUTsurance Group Limited, Q2 2024 Earnings Call, Mar 18, 2024
Mar. 18	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	61,412	-	-
Enterprise Value (EV) ¹	51,942	44,665	47,928	42,585	52,066	58,777	58,513	58,223
P/E ratio	13.7 x	28.4 x	16.6 x	1.91 x	18.2 x	17.6 x	16.4 x	14 x
Yield	3.24%	1.54%	1.44%	1.51%	3.97%	3.38%	3.96%	4.46%
Capitalization / Revenue	-	-	-	-	2.13 x	2.3 x	2.06 x	1.84 x
EV / Revenue	-	-	-	-	2.13 x	2.2 x	1.96 x	1.74 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	-	-	-	4.01 x	4.75 x	4.27 x	3.85 x
Nbr of stocks (in thousands)	1,529,069	1,529,631	1,529,280	1,529,633	1,531,808	1,533,389	-	-
Reference price ²	33.97	29.20	31.34	27.84	33.99	40.05	40.05	40.05
Announcement Date	9/10/19	9/25/20	9/20/21	9/26/22	9/15/23	-	-	-

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	9/10/19	9/25/20	9/20/21	9/26/22	9/15/23	-	-	-

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	3/22/23

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	9/10/19	9/25/20	9/20/21	9/26/22	9/15/23	-	-	-

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

OUTPERFORM

Number of Analysts

Last Close Price

40.05 ZAR

Average target price

45.83 ZAR

Spread / Average Target

+14.43%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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