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
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add QBE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$16.31 |
Change
0.160(0.99%) |
Mkt cap ! $24.50B | |||
| Open | High | Low | Value | Volume |
| $16.14 | $16.45 | $16.01 | $75.46M | 4.621M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7022 | $16.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.33 | 4688 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| QBE (ASX) Chart |