DDM Analysis: QBE.AX

Valuation Snapshot

Stable Growth	$140.19 - $493.62	$462.60
Multi-Stage	$63.44 - $69.40	$66.37
Blended Fair Value	$264.48
Current Price	$15.39
Upside	1,618.54%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	7.99%	12.05%	0.45	0.29	0.21	0.11	0.18	0.30	0.16	0.35	0.33	0.24
YoY Growth	-	-	52.83%	40.00%	94.44%	-38.87%	-42.27%	93.67%	-55.87%	8.70%	37.60%	66.20%
Dividend Yield	-	-	3.75%	2.89%	2.27%	1.30%	2.67%	3.36%	2.20%	4.23%	3.65%	2.59%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,756.00
(-) Cash Dividends Paid (M)	1,475.00
(=) Cash Retained (M)	2,281.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	751.20	469.50	281.70
Cash Retained (M)	2,281.00	2,281.00	2,281.00
(-) Cash Required (M)	-751.20	-469.50	-281.70
(=) Excess Retained (M)	1,529.80	1,811.50	1,999.30
(/) Shares Outstanding (M)	1,513.25	1,513.25	1,513.25
(=) Excess Retained per Share	1.01	1.20	1.32
LTM Dividend per Share	0.97	0.97	0.97
(+) Excess Retained per Share	1.01	1.20	1.32
(=) Adjusted Dividend	1.99	2.17	2.30
WACC / Discount Rate	6.99%	6.99%	6.99%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$140.19	$462.60	$493.62
Upside / Downside	810.88%	2,905.83%	3,107.42%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,756.00	4,000.14	4,260.15	4,537.06	4,831.97	5,146.05	5,300.43
Payout Ratio	39.27%	49.42%	59.56%	69.71%	79.85%	90.00%	92.50%
Projected Dividends (M)	1,475.00	1,976.73	2,537.44	3,162.70	3,858.52	4,631.44	4,902.89

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.99%	6.99%	6.99%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,830.16	1,847.50	1,864.85
Year 2 PV (M)	2,175.10	2,216.53	2,258.35
Year 3 PV (M)	2,510.06	2,582.12	2,655.54
Year 4 PV (M)	2,835.24	2,944.27	3,056.42
Year 5 PV (M)	3,150.84	3,303.02	3,461.03
PV of Terminal Value (M)	83,505.53	87,538.88	91,726.59
Equity Value (M)	96,006.92	100,432.33	105,022.79
Shares Outstanding (M)	1,513.25	1,513.25	1,513.25
Fair Value	$63.44	$66.37	$69.40
Upside / Downside	312.24%	331.25%	350.96%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 24 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
EXPD	Expeditors International of Washington, Inc.	0.99%	$1.50	24.32%
LISOX	Lazard International Strategic Equity Ptf Open Shares	0.99%	$0.13	36.87%
MXC	Mexco Energy Corporation	0.99%	$0.10	12.25%
NIC	Nicolet Bankshares, Inc.	0.99%	$1.19	12.58%
PAYC	Paycom Software, Inc.	0.99%	$1.51	18.80%
RRC	Range Resources Corporation	0.99%	$0.35	14.60%
WLFC	Willis Lease Finance Corporation	0.99%	$1.32	7.58%
WOR	Worthington Industries, Inc.	0.99%	$0.52	23.95%
CNXN	PC Connection, Inc.	0.98%	$0.56	16.89%
CAT	Caterpillar Inc.	0.97%	$5.78	29.40%
CNK	Cinemark Holdings, Inc.	0.97%	$0.23	18.28%
ECL	Ecolab Inc.	0.97%	$2.54	36.57%
EVR	Evercore Inc.	0.97%	$3.41	27.02%
LSBK	Lake Shore Bancorp, Inc.	0.96%	$0.14	24.34%
0ITL.L	Arthur J. Gallagher & Co.	0.95%	$2.42	39.43%
0IZI.L	W.W. Grainger, Inc.	0.95%	$9.52	26.47%
0L5V.L	The Sherwin-Williams Company	0.95%	$3.11	30.09%
0R2S.L	Stryker Corporation	0.95%	$3.28	43.09%
RRX	Regal Rexnord Corporation	0.95%	$1.39	36.07%
WT	WisdomTree, Inc.	0.95%	$0.12	18.12%
J	Jacobs Solutions Inc.	0.94%	$1.27	53.80%
ORCL	Oracle Corporation	0.94%	$1.84	34.81%
TCBS	Texas Community Bancshares, Inc.	0.94%	$0.17	19.22%
IMKTA	Ingles Markets, Incorporated	0.93%	$0.65	14.68%
ODC	Oil-Dri Corporation of America	0.93%	$0.45	12.28%
PENG	Penguin Solutions, Inc.	0.93%	$0.19	40.17%
SSBK	Southern States Bancshares, Inc.	0.93%	$0.34	9.19%
DAL	Delta Air Lines, Inc.	0.92%	$0.63	8.94%
HIFS	Hingham Institution for Savings	0.92%	$2.49	12.15%
RL	Ralph Lauren Corporation	0.92%	$3.34	24.37%
OPY	Oppenheimer Holdings Inc.	0.91%	$0.66	8.90%
BGC	BGC Group, Inc	0.90%	$0.08	23.56%
CDRE	Cadre Holdings, Inc.	0.90%	$0.37	33.35%
MBNKP	Medallion Bank	0.90%	$0.23	12.50%
JBHT	J.B. Hunt Transport Services, Inc.	0.89%	$1.75	30.14%
NYT	The New York Times Company	0.89%	$0.62	30.32%
RMD	ResMed Inc.	0.89%	$2.18	22.31%
VBFC	Village Bank and Trust Financial Corp.	0.89%	$0.72	15.35%
0I14.L	Cognex Corporation	0.88%	$0.32	49.16%
AR	Antero Resources Corporation	0.88%	$0.30	17.15%
LDOS	Leidos Holdings, Inc.	0.88%	$1.61	14.88%
LMAT	LeMaitre Vascular, Inc.	0.88%	$0.70	32.20%
NNI	Nelnet, Inc.	0.88%	$1.14	9.52%
PFSI	PennyMac Financial Services, Inc.	0.88%	$1.16	12.49%
SMBK	SmartFinancial, Inc.	0.88%	$0.32	11.76%
BYD	Boyd Gaming Corporation	0.87%	$0.75	3.22%
ROST	Ross Stores, Inc.	0.87%	$1.59	24.85%
BBSI	Barrett Business Services, Inc.	0.86%	$0.31	15.02%
BCO	The Brink's Company	0.86%	$1.00	24.81%
HXL	Hexcel Corporation	0.86%	$0.66	77.18%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

QBE Insurance Group Limited (QBE.AX)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener