ASSURANT INC (AIZ)
US04621X1081 - Common Stock
Taking everything into account, AIZ scores 5 out of 10 in our fundamental rating. AIZ was compared to 141 industry peers in the Insurance industry. There are concerns on the financial health of AIZ while its profitability can be described as average. AIZ has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year AIZ was profitable.
In the past year AIZ had a positive cash flow from operations.
In the past 5 years AIZ has always been profitable.
Each year in the past 5 years AIZ had a positive operating cash flow.
1.2 Ratios
AIZ has a Return On Assets of 2.10%. This is comparable to the rest of the industry: AIZ outperforms 48.57% of its industry peers.
With a decent Return On Equity value of 14.11%, AIZ is doing good in the industry, outperforming 62.14% of the companies in the same industry.
The Return On Invested Capital of AIZ (2.85%) is better than 62.86% of its industry peers.
AIZ had an Average Return On Invested Capital over the past 3 years of 2.16%. This is below the industry average of 4.38%.
The 3 year average ROIC (2.16%) for AIZ is below the current ROIC(2.85%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 14.11% | ||
| ROIC | 2.85% |
ROA(3y)2.25%
ROA(5y)1.7%
ROE(3y)14.91%
ROE(5y)11.65%
ROIC(3y)2.16%
ROIC(5y)1.88%
1.3 Margins
AIZ has a Profit Margin (6.31%) 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 8.87% is in line compared to the rest of the industry. AIZ outperforms 47.14% of its industry peers.
AIZ's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.87% | ||
| PM (TTM) | 6.31% | ||
| GM | N/A |
OM growth 3Y5.56%
OM growth 5Y9.17%
PM growth 3Y9.5%
PM growth 5Y14.44%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
AIZ has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for AIZ has been reduced compared to 1 year ago.
AIZ has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, AIZ has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of AIZ is 1.50, which is an excellent value as it means it would take AIZ, only 1.50 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 1.50, AIZ perfoms like the industry average, outperforming 55.71% of the companies in the same industry.
A Debt/Equity ratio of 0.40 indicates that AIZ is not too dependend on debt financing.
AIZ has a Debt to Equity ratio of 0.40. This is in the lower half of the industry: AIZ underperforms 60.00% of its industry peers.
Even though the debt/equity ratio score it not favorable for AIZ, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 1.5 | ||
| Altman-Z | N/A |
ROIC/WACC0.34
WACC8.39%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 16.10% over the past year.
The Earnings Per Share has been growing by 21.08% on average over the past years. This is a very strong growth
The Revenue has grown by 8.72% in the past year. This is quite good.
AIZ shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.68% yearly.
EPS 1Y (TTM)16.1%
EPS 3Y21.63%
EPS 5Y21.08%
EPS Q2Q%-30.07%
Revenue 1Y (TTM)8.72%
Revenue growth 3Y5.07%
Revenue growth 5Y6.68%
Sales Q2Q%6.98%
3.2 Future
Based on estimates for the next years, AIZ will show a small growth in Earnings Per Share. The EPS will grow by 7.75% on average per year.
Based on estimates for the next years, AIZ will show a small growth in Revenue. The Revenue will grow by 4.98% on average per year.
EPS Next Y-0.36%
EPS Next 2Y8.22%
EPS Next 3Y7.75%
EPS Next 5YN/A
Revenue Next Year8.57%
Revenue Next 2Y6.28%
Revenue Next 3Y4.98%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.21, which indicates a correct valuation of AIZ.
AIZ's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of AIZ to the average of the S&P500 Index (27.55), we can say AIZ is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.96, the valuation of AIZ can be described as very reasonable.
AIZ's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of AIZ to the average of the S&P500 Index (24.00), we can say AIZ is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.21 | ||
| Fwd PE | 11.96 |
4.2 Price Multiples
AIZ's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AIZ is cheaper than 62.86% of the companies in the same industry.
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 | 8.04 | ||
| EV/EBITDA | 9.07 |
4.3 Compensation for Growth
AIZ has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.63
EPS Next 2Y8.22%
EPS Next 3Y7.75%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.54%, AIZ has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.35, AIZ has a dividend in line with its industry peers.
AIZ's Dividend Yield is slightly below the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.54% |
5.2 History
The dividend of AIZ has a limited annual growth rate of 2.25%.
AIZ has paid a dividend for at least 10 years, which is a reliable track record.
As AIZ did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)2.25%
Div Incr Years9
Div Non Decr Years9
5.3 Sustainability
AIZ pays out 20.68% of its income as dividend. This is a sustainable payout ratio.
The dividend of AIZ is growing, but earnings are growing more, so the dividend growth is sustainable.
DP20.68%
EPS Next 2Y8.22%
EPS Next 3Y7.75%
ASSURANT INC
NYSE:AIZ (12/26/2024, 8:04:00 PM)
After market: 217.1 -0.09 (-0.04%)217.19
+1.76 (+0.82%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners97.81%
Inst Owner Change1.33%
Ins Owners0.52%
Ins Owner Change-0.4%
Market Cap11.14B
Analysts76.36
Price Target233.33 (7.43%)
Short Float %1.51%
Short Ratio2.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.54% |
Dividend Growth(5Y)2.25%
DP20.68%
Div Incr Years9
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.7%
Min EPS beat(2)11.59%
Max EPS beat(2)17.8%
EPS beat(4)4
Avg EPS beat(4)18.35%
Min EPS beat(4)11.59%
Max EPS beat(4)22.16%
EPS beat(8)8
Avg EPS beat(8)27.94%
EPS beat(12)10
Avg EPS beat(12)19.69%
EPS beat(16)12
Avg EPS beat(16)16.76%
Revenue beat(2)1
Avg Revenue beat(2)0.03%
Min Revenue beat(2)-0.04%
Max Revenue beat(2)0.1%
Revenue beat(4)3
Avg Revenue beat(4)1.52%
Min Revenue beat(4)-0.04%
Max Revenue beat(4)5.37%
Revenue beat(8)7
Avg Revenue beat(8)1.45%
Revenue beat(12)7
Avg Revenue beat(12)-0.33%
Revenue beat(16)9
Avg Revenue beat(16)-0.22%
PT rev (1m)4.55%
PT rev (3m)8%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.37%
EPS NY rev (1m)4.79%
EPS NY rev (3m)-7.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.09%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)1.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.21 | ||
| Fwd PE | 11.96 | ||
| P/S | 0.95 | ||
| P/FCF | 8.04 | ||
| P/OCF | 7 | ||
| P/B | 2.12 | ||
| P/tB | 5.34 | ||
| EV/EBITDA | 9.07 |
EPS(TTM)16.44
EY7.57%
EPS(NY)18.17
Fwd EY8.36%
FCF(TTM)27
FCFY12.43%
OCF(TTM)31.05
OCFY14.3%
SpS229.2
BVpS102.46
TBVpS40.64
PEG (NY)N/A
PEG (5Y)0.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 14.11% | ||
| ROCE | 3.59% | ||
| ROIC | 2.85% | ||
| ROICexc | 3.04% | ||
| ROICexgc | 5.42% | ||
| OM | 8.87% | ||
| PM (TTM) | 6.31% | ||
| GM | N/A | ||
| FCFM | 11.78% |
ROA(3y)2.25%
ROA(5y)1.7%
ROE(3y)14.91%
ROE(5y)11.65%
ROIC(3y)2.16%
ROIC(5y)1.88%
ROICexc(3y)2.31%
ROICexc(5y)1.99%
ROICexgc(3y)3.93%
ROICexgc(5y)3.51%
ROCE(3y)2.72%
ROCE(5y)2.36%
ROICexcg growth 3Y18.11%
ROICexcg growth 5Y18.01%
ROICexc growth 3Y22.75%
ROICexc growth 5Y22.59%
OM growth 3Y5.56%
OM growth 5Y9.17%
PM growth 3Y9.5%
PM growth 5Y14.44%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 1.5 | ||
| Debt/EBITDA | 1.66 | ||
| Cap/Depr | 96.65% | ||
| Cap/Sales | 1.77% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 126.64% | ||
| Profit Quality | 186.8% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC8.39%
ROIC/WACC0.34
Cap/Depr(3y)104.89%
Cap/Depr(5y)97.27%
Cap/Sales(3y)1.83%
Cap/Sales(5y)1.58%
Profit Quality(3y)112.55%
Profit Quality(5y)196.99%
High Growth Momentum
Growth
EPS 1Y (TTM)16.1%
EPS 3Y21.63%
EPS 5Y21.08%
EPS Q2Q%-30.07%
EPS Next Y-0.36%
EPS Next 2Y8.22%
EPS Next 3Y7.75%
EPS Next 5YN/A
Revenue 1Y (TTM)8.72%
Revenue growth 3Y5.07%
Revenue growth 5Y6.68%
Sales Q2Q%6.98%
Revenue Next Year8.57%
Revenue Next 2Y6.28%
Revenue Next 3Y4.98%
Revenue Next 5YN/A
EBIT growth 1Y29.56%
EBIT growth 3Y10.91%
EBIT growth 5Y16.45%
EBIT Next Year21.61%
EBIT Next 3Y13.1%
EBIT Next 5YN/A
FCF growth 1Y260.18%
FCF growth 3Y-8.49%
FCF growth 5Y10.27%
OCF growth 1Y177.2%
OCF growth 3Y-5.35%
OCF growth 5Y11.63%