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
Well, they missed market estimates by a few percent. Price /...
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Last
$16.94 |
Change
-0.070(0.41%) |
Mkt cap ! $25.45B | |||
| Open | High | Low | Value | Volume |
| $17.01 | $17.13 | $16.72 | $88.47M | 5.223M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 73620 | $16.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.01 | 18676 | 2 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |