ASSURANT INC (AIZ) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AIZ - US04621X1081 - Common Stock
240.85 USD
-1.28 (-0.53%)
240.61 USD
-0.24 (-0.1%)
We assign a fundamental rating of 5 out of 10 to AIZ. 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
AIZ had positive earnings in the past year.
AIZ had a positive operating cash flow in the past year.
AIZ had positive earnings in each of the past 5 years.
Each year in the past 5 years AIZ had a positive operating cash flow.
1.2 Ratios
AIZ has a Return On Assets (2.37%) which is in line with its industry peers.
AIZ has a better Return On Equity (14.74%) than 70.27% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.22%, AIZ is in the better half of the industry, outperforming 60.14% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AIZ is significantly below the industry average of 14.93%.
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's Profit Margin of 6.75% is in line compared to the rest of the industry. AIZ outperforms 41.89% of its industry peers.
In the last couple of years the Profit Margin of AIZ has grown nicely.
AIZ has a Operating Margin of 9.31%. This is in the lower half of the industry: AIZ underperforms 64.19% 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.
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.
The debt/assets ratio for AIZ has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of AIZ is 2.16, which is a good value as it means it would take AIZ, 2.16 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.16, AIZ is in line with its industry, outperforming 52.03% of the companies in the same industry.
A Debt/Equity ratio of 0.38 indicates that AIZ is not too dependend on debt financing.
AIZ's Debt to Equity ratio of 0.38 is in line compared to the rest of the industry. AIZ outperforms 42.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 2.16 | ||
| Altman-Z | N/A |
ROIC/WACC0.4
WACC8.12%
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 15.63% over the past year.
The Earnings Per Share has been growing by 14.42% on average over the past years. This is quite good.
The Revenue has been growing slightly by 6.95% in the past year.
Measured over the past years, AIZ shows a small growth in Revenue. The Revenue has been growing by 4.52% on average per year.
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.
AIZ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.14% yearly.
EPS Next Y18.24%
EPS Next 2Y12.42%
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
AIZ is valuated correctly with a Price/Earnings ratio of 12.67.
AIZ's Price/Earnings is on the same level as the industry average.
AIZ is valuated cheaply when we compare the Price/Earnings ratio to 26.51, which is the current average of the S&P500 Index.
AIZ is valuated reasonably with a Price/Forward Earnings ratio of 11.45.
The rest of the industry has a similar Price/Forward Earnings ratio as AIZ.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, AIZ is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.67 | ||
| Fwd PE | 11.45 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as AIZ.
AIZ's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.81 | ||
| EV/EBITDA | 8.89 |
4.3 Compensation for Growth
AIZ's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.69
PEG (5Y)0.88
EPS Next 2Y12.42%
EPS Next 3Y10.88%
5. Dividend
5.1 Amount
AIZ has a Yearly Dividend Yield of 1.46%.
Compared to an average industry Dividend Yield of 2.42, AIZ has a dividend in line with its industry peers.
AIZ's Dividend Yield is slightly below the S&P500 average, which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.46% |
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
19.47% of the earnings are spent on dividend by AIZ. This is a low number and sustainable payout ratio.
The dividend of AIZ is growing, but earnings are growing more, so the dividend growth is sustainable.
DP19.47%
EPS Next 2Y12.42%
EPS Next 3Y10.88%
240.85
-1.28 (-0.53%)
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 Cap12.06B
Revenue(TTM)12.57B
Net Income(TTM)848.80M
Analysts80
Price Target260.78 (8.27%)
Short Float %1.34%
Short Ratio2.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.46% |
Yearly Dividend3.03
Dividend Growth(5Y)1.71%
DP19.47%
Div Incr Years10
Div Non Decr Years10
Ex-DateN/A
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)2.27%
PT rev (3m)6.09%
EPS NQ rev (1m)0.55%
EPS NQ rev (3m)5.77%
EPS NY rev (1m)9.37%
EPS NY rev (3m)11.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.03%
Revenue NY rev (1m)0.6%
Revenue NY rev (3m)0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.67 | ||
| Fwd PE | 11.45 | ||
| P/S | 0.96 | ||
| P/FCF | 11.81 | ||
| P/OCF | 9.53 | ||
| P/B | 2.09 | ||
| P/tB | 4.67 | ||
| EV/EBITDA | 8.89 |
EPS(TTM)19.01
EY7.89%
EPS(NY)21.04
Fwd EY8.74%
FCF(TTM)20.4
FCFY8.47%
OCF(TTM)25.27
OCFY10.49%
SpS251.05
BVpS114.99
TBVpS51.54
PEG (NY)0.69
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
WACC8.12%
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 2Y12.42%
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 for 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 expected EPS growth for ASSURANT INC (AIZ) stock?
The Earnings per Share (EPS) of ASSURANT INC (AIZ) is expected to grow by 18.24% in the next year.
How sustainable is the dividend of ASSURANT INC (AIZ) stock?
The dividend rating of ASSURANT INC (AIZ) is 6 / 10 and the dividend payout ratio is 19.47%.