Is AUB Group Limited worth buying ?

By business76 | Updated: Sept. 5, 2024, 12:02 p.m.

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Is AUB Group Limited worth buying  ?
AUB Group Limited (ASX: AUB), formerly Austbrokers Holdings Limited, is an Australia-based company, which is an equity-based risk management, advice and solutions provider in Australasia.
From the Company Reports
Financial year20 Performance Overview
Strong result and momentum positioning AUB Group for sustained growth.
AUB Group Limited has reported a 15.2% increase in Underlying Net Profit After Tax (Underlying NPAT), to $53.4mn (Financial year 19: $46.4mn).
On an Underlying basis, earnings per share has increased to 72.45 cents per share, up 8.7% over the prior comparative period.
Underlying NPAT1 $53.4mn (Financial year19: $46.4mn) up 15.2%.
Summary
Underlying earnings per share 72.45 cents up 8.7%. 
A strong Financial year20 result that exceeded guidance, strongest YoY growth since Financial year13.
Reported Net Profit After Tax $47.3million (Financial year19: $48.4million), down 2.3%.

Fully franked final dividend of 35.5 cents per share (Financial year19: 32.5 cps), an increase of 9.2%.
Taking Financial year 20 total dividend to 50.0 cents per share, an increase of 4 cents per share (8.7%) vs Financial year19. Dividend Reinvestment Plan (DRP) remains activated.
AUB Group reported its Financial year20 results, the strongest year on year growth results for the Group in 7 years. Despite a challenging external market environment with significant headwinds for its clients and insurance partners.
Underlying NPAT of $58.5millions - $61.0millions, representing growth of 9.5% - 14.2% over Financial year 20.

AUB has high quality earnings. Its earnings have grown by 5.1% per year over the past 5 years. 
AUB’s short term assets ($312.6m) exceed its short term liabilities ($267.6m).

AUB’s short term assets ($312.6m) exceed its long term liabilities ($262.3m).  
AUB’s debt is well covered by operating cash flow (39.6%).

AUB’s interest payments on its debt are well covered by EBIT (9.3x coverage).

On the long term chart, The chart completed an inverse head & shoulder pattern and has also crossed its neckline.
 It is also trading above all MAs and has multiple supports right up to $14.80.

It can have the potential of giving very good returns in the short to medium term.
VEYE
Recommended  a Buy 
At the price of $16.24
On 24 September 2020
To Get 
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Is AUB Group Limited worth buying ?

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