ASSURANT INC (AIZ)
US04621X1081 - Common Stock
Taking everything into account, AIZ scores 4 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.
AIZ had a positive operating cash flow in the past year.
AIZ had positive earnings in each of the past 5 years.
In the past 5 years AIZ always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of AIZ (2.10%) is comparable to the rest of the industry.
AIZ's Return On Equity of 14.11% is fine compared to the rest of the industry. AIZ outperforms 63.57% of its industry peers.
With a decent Return On Invested Capital value of 2.85%, AIZ is doing good in the industry, outperforming 63.57% of the companies in the same industry.
AIZ had an Average Return On Invested Capital over the past 3 years of 2.16%. This is below the industry average of 4.34%.
The last Return On Invested Capital (2.85%) for AIZ is above the 3 year average (2.16%), which is a sign of increasing profitability.
| 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 47.86% of its industry peers.
In the last couple of years the Operating Margin of AIZ has grown nicely.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AIZ is destroying value.
AIZ has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, AIZ has less shares outstanding
AIZ has a better debt/assets ratio than last year.
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.
AIZ has a Debt to FCF ratio (1.50) which is in line with its industry peers.
A Debt/Equity ratio of 0.40 indicates that AIZ is not too dependend on debt financing.
The Debt to Equity ratio of AIZ (0.40) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 1.5 | ||
| Altman-Z | N/A |
ROIC/WACC0.35
WACC8.27%
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.
AIZ shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.08% yearly.
Looking at the last year, AIZ shows a quite strong growth in Revenue. The Revenue has grown by 8.72% in the last year.
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
AIZ is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.35% yearly.
AIZ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.69% yearly.
EPS Next Y-4.92%
EPS Next 2Y7.78%
EPS Next 3Y7.35%
EPS Next 5YN/A
Revenue Next Year8.33%
Revenue Next 2Y5.91%
Revenue Next 3Y4.69%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
AIZ is valuated correctly with a Price/Earnings ratio of 13.83.
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 29.29, AIZ is valued rather cheaply.
With a Price/Forward Earnings ratio of 12.62, AIZ is valued correctly.
AIZ's Price/Forward Earnings is on the same level as the industry average.
AIZ is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.01, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.83 | ||
| Fwd PE | 12.62 |
4.2 Price Multiples
63.57% of the companies in the same industry are more expensive than AIZ, based on the Enterprise Value to EBITDA ratio.
AIZ's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.42 | ||
| EV/EBITDA | 9.44 |
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)0.66
EPS Next 2Y7.78%
EPS Next 3Y7.35%
5. Dividend
5.1 Amount
AIZ has a Yearly Dividend Yield of 1.42%.
AIZ's Dividend Yield is comparable with the industry average which is at 4.06.
Compared to the average S&P500 Dividend Yield of 2.19, AIZ is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.42% |
5.2 History
The dividend of AIZ has a limited annual growth rate of 2.25%.
AIZ has been paying a dividend for at least 10 years, so it has 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 2Y7.78%
EPS Next 3Y7.35%
ASSURANT INC
NYSE:AIZ (11/25/2024, 4:12:18 PM)
After market: 227.44 0 (0%)227.44
+1.29 (+0.57%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap11.67B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.42% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.83 | ||
| Fwd PE | 12.62 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.66
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 14.11% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.87% | ||
| PM (TTM) | 6.31% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)16.1%
EPS 3Y21.63%
EPS 5Y
EPS Q2Q%
EPS Next Y-4.92%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)8.72%
Revenue growth 3Y5.07%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y