ASSURANT INC (AIZ) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AIZ - US04621X1081 - Common Stock
241.51 USD
+2.49 (+1.04%)
241.51 USD
0 (0%)
Taking everything into account, AIZ scores 5 out of 10 in our fundamental rating. AIZ was compared to 148 industry peers in the Insurance industry. AIZ has a medium profitability rating, but doesn't score so well on its financial health evaluation. AIZ has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
AIZ had positive earnings in the past year.
In the past year AIZ had a positive cash flow from operations.
Each year in the past 5 years AIZ has been profitable.
AIZ had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AIZ has a Return On Assets (2.37%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 14.74%, AIZ is in the better half of the industry, outperforming 69.59% of the companies in the same industry.
AIZ's Return On Invested Capital of 3.22% is in line compared to the rest of the industry. AIZ outperforms 59.46% of its industry peers.
AIZ had an Average Return On Invested Capital over the past 3 years of 2.34%. This is significantly below the industry average of 14.88%.
The 3 year average ROIC (2.34%) for AIZ is below the current ROIC(3.22%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.37% | ||
| ROE | 14.74% | ||
| ROIC | 3.22% |
ROA(3y)1.64%
ROA(5y)1.97%
ROE(3y)11.6%
ROE(5y)13.34%
ROIC(3y)2.34%
ROIC(5y)2.2%
1.3 Margins
AIZ has a Profit Margin (6.75%) which is in line with its industry peers.
AIZ's Profit Margin has improved in the last couple of years.
AIZ's Operating Margin of 9.31% is on the low side compared to the rest of the industry. AIZ is outperformed by 64.86% of its industry peers.
In the last couple of years the Operating Margin of AIZ has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.31% | ||
| PM (TTM) | 6.75% | ||
| GM | N/A |
OM growth 3Y0.17%
OM growth 5Y3.56%
PM growth 3Y-21.67%
PM growth 5Y10.86%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AIZ is destroying value.
Compared to 1 year ago, AIZ has less shares outstanding
AIZ has less shares outstanding than it did 5 years ago.
AIZ has a better debt/assets ratio than last year.
2.2 Solvency
AIZ has a debt to FCF ratio of 2.16. This is a good value and a sign of high solvency as AIZ would need 2.16 years to pay back of all of its debts.
AIZ has a Debt to FCF ratio (2.16) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.38 indicates that AIZ is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.38, AIZ perfoms like the industry average, outperforming 41.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 2.16 | ||
| Altman-Z | N/A |
ROIC/WACC0.4
WACC8.1%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
AIZ shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.63%, which is quite good.
Measured over the past years, AIZ shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.42% on average per year.
Looking at the last year, AIZ shows a small growth in Revenue. The Revenue has grown by 6.95% in the last year.
AIZ shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.52% yearly.
EPS 1Y (TTM)15.63%
EPS 3Y18.92%
EPS 5Y14.42%
EPS Q2Q%91%
Revenue 1Y (TTM)6.95%
Revenue growth 3Y5.25%
Revenue growth 5Y4.52%
Sales Q2Q%8.89%
3.2 Future
Based on estimates for the next years, AIZ will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.88% on average per year.
The Revenue is expected to grow by 6.14% on average over the next years.
EPS Next Y18.24%
EPS Next 2Y12.32%
EPS Next 3Y10.88%
EPS Next 5YN/A
Revenue Next Year7.32%
Revenue Next 2Y6.52%
Revenue Next 3Y6.14%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 12.70, the valuation of AIZ can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of AIZ is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.39, AIZ is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.50, the valuation of AIZ can be described as very reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as AIZ.
When comparing the Price/Forward Earnings ratio of AIZ to the average of the S&P500 Index (23.84), we can say AIZ is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.7 | ||
| Fwd PE | 11.5 |
4.2 Price Multiples
AIZ's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AIZ is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.84 | ||
| EV/EBITDA | 8.82 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.7
PEG (5Y)0.88
EPS Next 2Y12.32%
EPS Next 3Y10.88%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.48%, AIZ has a reasonable but not impressive dividend return.
AIZ's Dividend Yield is comparable with the industry average which is at 2.30.
AIZ's Dividend Yield is slightly below the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
5.2 History
The dividend of AIZ has a limited annual growth rate of 1.71%.
AIZ has paid a dividend for at least 10 years, which is a reliable track record.
AIZ has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.71%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
AIZ pays out 19.47% of its income as dividend. This is a sustainable payout ratio.
AIZ's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP19.47%
EPS Next 2Y12.32%
EPS Next 3Y10.88%
241.51
+2.49 (+1.04%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners96.59%
Inst Owner Change2.02%
Ins Owners0.57%
Ins Owner Change-1.23%
Market Cap12.09B
Revenue(TTM)12.57B
Net Income(TTM)848.80M
Analysts80
Price Target258.74 (7.13%)
Short Float %1.49%
Short Ratio2.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
Yearly Dividend3.03
Dividend Growth(5Y)1.71%
DP19.47%
Div Incr Years10
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.41%
Min EPS beat(2)12.14%
Max EPS beat(2)32.69%
EPS beat(4)4
Avg EPS beat(4)20.4%
Min EPS beat(4)12.14%
Max EPS beat(4)32.69%
EPS beat(8)8
Avg EPS beat(8)19.38%
EPS beat(12)12
Avg EPS beat(12)25.43%
EPS beat(16)14
Avg EPS beat(16)19.87%
Revenue beat(2)2
Avg Revenue beat(2)0.26%
Min Revenue beat(2)0.14%
Max Revenue beat(2)0.39%
Revenue beat(4)3
Avg Revenue beat(4)0.09%
Min Revenue beat(4)-1.09%
Max Revenue beat(4)0.94%
Revenue beat(8)6
Avg Revenue beat(8)0.81%
Revenue beat(12)10
Avg Revenue beat(12)1%
Revenue beat(16)10
Avg Revenue beat(16)-0.23%
PT rev (1m)3.12%
PT rev (3m)5.26%
EPS NQ rev (1m)-1%
EPS NQ rev (3m)5.19%
EPS NY rev (1m)9.37%
EPS NY rev (3m)11.89%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)1.03%
Revenue NY rev (1m)0.6%
Revenue NY rev (3m)0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.7 | ||
| Fwd PE | 11.5 | ||
| P/S | 0.96 | ||
| P/FCF | 11.84 | ||
| P/OCF | 9.56 | ||
| P/B | 2.1 | ||
| P/tB | 4.69 | ||
| EV/EBITDA | 8.82 |
EPS(TTM)19.01
EY7.87%
EPS(NY)21.01
Fwd EY8.7%
FCF(TTM)20.4
FCFY8.45%
OCF(TTM)25.27
OCFY10.46%
SpS251.05
BVpS114.99
TBVpS51.54
PEG (NY)0.7
PEG (5Y)0.88
Graham Number221.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.37% | ||
| ROE | 14.74% | ||
| ROCE | 3.99% | ||
| ROIC | 3.22% | ||
| ROICexc | 3.42% | ||
| ROICexgc | 5.83% | ||
| OM | 9.31% | ||
| PM (TTM) | 6.75% | ||
| GM | N/A | ||
| FCFM | 8.12% |
ROA(3y)1.64%
ROA(5y)1.97%
ROE(3y)11.6%
ROE(5y)13.34%
ROIC(3y)2.34%
ROIC(5y)2.2%
ROICexc(3y)2.49%
ROICexc(5y)2.35%
ROICexgc(3y)4.34%
ROICexgc(5y)4.11%
ROCE(3y)2.9%
ROCE(5y)2.73%
ROICexgc growth 3Y6.82%
ROICexgc growth 5Y13.88%
ROICexc growth 3Y4.87%
ROICexc growth 5Y15.01%
OM growth 3Y0.17%
OM growth 5Y3.56%
PM growth 3Y-21.67%
PM growth 5Y10.86%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 2.16 | ||
| Debt/EBITDA | 1.56 | ||
| Cap/Depr | 100.95% | ||
| Cap/Sales | 1.94% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 89.58% | ||
| Profit Quality | 120.35% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC8.1%
ROIC/WACC0.4
Cap/Depr(3y)101.5%
Cap/Depr(5y)99.54%
Cap/Sales(3y)1.84%
Cap/Sales(5y)1.72%
Profit Quality(3y)146.68%
Profit Quality(5y)154.63%
High Growth Momentum
Growth
EPS 1Y (TTM)15.63%
EPS 3Y18.92%
EPS 5Y14.42%
EPS Q2Q%91%
EPS Next Y18.24%
EPS Next 2Y12.32%
EPS Next 3Y10.88%
EPS Next 5YN/A
Revenue 1Y (TTM)6.95%
Revenue growth 3Y5.25%
Revenue growth 5Y4.52%
Sales Q2Q%8.89%
Revenue Next Year7.32%
Revenue Next 2Y6.52%
Revenue Next 3Y6.14%
Revenue Next 5YN/A
EBIT growth 1Y12.3%
EBIT growth 3Y5.43%
EBIT growth 5Y8.24%
EBIT Next Year28.57%
EBIT Next 3Y13.51%
EBIT Next 5YN/A
FCF growth 1Y19.89%
FCF growth 3Y23.2%
FCF growth 5Y-3.13%
OCF growth 1Y20.25%
OCF growth 3Y19.46%
OCF growth 5Y-1.17%
ASSURANT INC / AIZ FAQ
What is the fundamental rating for AIZ stock?
ChartMill assigns a fundamental rating of 5 / 10 to AIZ.
What is the valuation status of ASSURANT INC (AIZ) stock?
ChartMill assigns a valuation rating of 5 / 10 to ASSURANT INC (AIZ). This can be considered as Fairly Valued.
Can you provide the profitability details for ASSURANT INC?
ASSURANT INC (AIZ) has a profitability rating of 5 / 10.
What is the valuation of ASSURANT INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ASSURANT INC (AIZ) is 12.7 and the Price/Book (PB) ratio is 2.1.
Can you provide the dividend sustainability for AIZ stock?
The dividend rating of ASSURANT INC (AIZ) is 6 / 10 and the dividend payout ratio is 19.47%.