Well, they missed market estimates by a few percent. Price / Cash Flow ratio is 10 as cash flow was a couple hundred million higher than profit. QBE is arguably one of the best managed insurance companies in the world. This deserves some premium.
The current down-rating is as much the current market conditions as anything else. It is hard to find a good company - apart from a few in the health field - that have held on to high PE ratios.
On long-term basis this is nothing to worry about.
MJS
overdone.., page-3
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Last
$17.65 |
Change
0.060(0.34%) |
Mkt cap ! $26.51B | |||
| Open | High | Low | Value | Volume |
| $17.59 | $18.01 | $17.55 | $104.6M | 5.916M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10465 | $17.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.66 | 15531 | 2 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| QBE (ASX) Chart |