ALLIANZ SE-REG (ALV.DE) Stock Fundamental Analysis
FRA:ALV - Deutsche Boerse Ag - DE0008404005 - Common Stock - Currency: EUR
ALV gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 32 industry peers in the Insurance industry. Both the profitability and the financial health of ALV get a neutral evaluation. Nothing too spectacular is happening here. ALV has a correct valuation and a medium growth rate. ALV also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ALV was profitable.
ALV had a positive operating cash flow in the past year.
In the past 5 years ALV has always been profitable.
ALV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 1.35%, ALV perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
ALV's Return On Equity of 24.34% is amongst the best of the industry. ALV outperforms 93.33% of its industry peers.
The Return On Invested Capital of ALV (0.93%) is worse than 63.33% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ALV is in line with the industry average of 2.08%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.35% | ||
| ROE | 24.34% | ||
| ROIC | 0.93% |
ROA(3y)0.7%
ROA(5y)0.71%
ROE(3y)11.38%
ROE(5y)10.65%
ROIC(3y)1.6%
ROIC(5y)1.47%
1.3 Margins
ALV has a Profit Margin (9.24%) which is in line with its industry peers.
In the last couple of years the Profit Margin of ALV has grown nicely.
ALV has a Operating Margin of 8.34%. This is in the lower half of the industry: ALV underperforms 63.33% of its industry peers.
In the last couple of years the Operating Margin of ALV has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.34% | ||
| PM (TTM) | 9.24% | ||
| GM | N/A |
OM growth 3Y-31.32%
OM growth 5Y-15.72%
PM growth 3Y14.34%
PM growth 5Y3.03%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ALV is destroying value.
ALV has less shares outstanding than it did 1 year ago.
The number of shares outstanding for ALV has been reduced compared to 5 years ago.
The debt/assets ratio for ALV has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.28, we must say that ALV is in the distress zone and has some risk of bankruptcy.
ALV has a better Altman-Z score (0.28) than 83.33% of its industry peers.
ALV has a debt to FCF ratio of 1.23. This is a very positive value and a sign of high solvency as it would only need 1.23 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.23, ALV is doing good in the industry, outperforming 80.00% of the companies in the same industry.
A Debt/Equity ratio of 0.52 indicates that ALV is somewhat dependend on debt financing.
ALV's Debt to Equity ratio of 0.52 is fine compared to the rest of the industry. ALV outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 1.23 | ||
| Altman-Z | 0.28 |
ROIC/WACC0.15
WACC6.12%
2.3 Liquidity
A Current Ratio of 0.05 indicates that ALV may have some problems paying its short term obligations.
The Current ratio of ALV (0.05) is better than 63.33% of its industry peers.
A Quick Ratio of 0.05 indicates that ALV may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.05, ALV is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
ALV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.93%, which is quite good.
ALV shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.98% yearly.
ALV shows a small growth in Revenue. In the last year, the Revenue has grown by 3.71%.
ALV shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.61% yearly.
EPS 1Y (TTM)18.93%
EPS 3Y9.34%
EPS 5Y2.98%
EPS Q2Q%31.96%
Revenue 1Y (TTM)3.71%
Revenue growth 3Y-6.19%
Revenue growth 5Y-0.61%
Sales Q2Q%-26.43%
3.2 Future
ALV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.37% yearly.
ALV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.78% yearly.
EPS Next Y19.82%
EPS Next 2Y14.77%
EPS Next 3Y12.46%
EPS Next 5Y9.37%
Revenue Next Year6.9%
Revenue Next 2Y4.3%
Revenue Next 3Y4.49%
Revenue Next 5Y3.78%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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
With a Price/Earnings ratio of 12.69, ALV is valued correctly.
ALV's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 28.47, ALV is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.20, the valuation of ALV can be described as very reasonable.
80.00% of the companies in the same industry are cheaper than ALV, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 92.74. ALV is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.69 | ||
| Fwd PE | 11.2 |
4.2 Price Multiples
ALV's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ALV is cheaper than 73.33% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ALV is valued a bit cheaper than the industry average as 76.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.16 | ||
| EV/EBITDA | 8.42 |
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.
ALV's earnings are expected to grow with 12.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.64
PEG (5Y)4.25
EPS Next 2Y14.77%
EPS Next 3Y12.46%
5. Dividend
5.1 Amount
ALV has a Yearly Dividend Yield of 4.37%, which is a nice return.
ALV's Dividend Yield is comparable with the industry average which is at 5.01.
ALV's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
5.2 History
On average, the dividend of ALV grows each year by 6.10%, which is quite nice.
Dividend Growth(5Y)6.1%
Div Incr Years2
Div Non Decr Years5
5.3 Sustainability
39.78% of the earnings are spent on dividend by ALV. This is a low number and sustainable payout ratio.
The dividend of ALV is growing, but earnings are growing more, so the dividend growth is sustainable.
DP39.78%
EPS Next 2Y14.77%
EPS Next 3Y12.46%
ALLIANZ SE-REG
FRA:ALV (2/5/2025, 9:31:01 AM)
311.9
-1 (-0.32%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners41.06%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap120.45B
Analysts75.83
Price Target334.48 (7.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
Yearly Dividend11.45
Dividend Growth(5Y)6.1%
DP39.78%
Div Incr Years2
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.58%
Min EPS beat(2)3.98%
Max EPS beat(2)9.18%
EPS beat(4)2
Avg EPS beat(4)-2.61%
Min EPS beat(4)-18.73%
Max EPS beat(4)9.18%
EPS beat(8)3
Avg EPS beat(8)-1.39%
EPS beat(12)4
Avg EPS beat(12)-16.7%
EPS beat(16)7
Avg EPS beat(16)-8.35%
Revenue beat(2)2
Avg Revenue beat(2)24.3%
Min Revenue beat(2)22.14%
Max Revenue beat(2)26.46%
Revenue beat(4)4
Avg Revenue beat(4)81.66%
Min Revenue beat(4)22.14%
Max Revenue beat(4)144.79%
Revenue beat(8)6
Avg Revenue beat(8)58.74%
Revenue beat(12)9
Avg Revenue beat(12)50.81%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.61%
PT rev (3m)7.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.19%
EPS NY rev (1m)0.66%
EPS NY rev (3m)0.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)8.69%
Revenue NY rev (1m)6.1%
Revenue NY rev (3m)1.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.69 | ||
| Fwd PE | 11.2 | ||
| P/S | 0.82 | ||
| P/FCF | 5.16 | ||
| P/OCF | 4.71 | ||
| P/B | 2.17 | ||
| P/tB | 3.3 | ||
| EV/EBITDA | 8.42 |
EPS(TTM)24.57
EY7.88%
EPS(NY)27.85
Fwd EY8.93%
FCF(TTM)60.46
FCFY19.38%
OCF(TTM)66.22
OCFY21.23%
SpS378.79
BVpS143.75
TBVpS94.54
PEG (NY)0.64
PEG (5Y)4.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.35% | ||
| ROE | 24.34% | ||
| ROCE | 1.25% | ||
| ROIC | 0.93% | ||
| ROICexc | 0.96% | ||
| ROICexgc | 1.23% | ||
| OM | 8.34% | ||
| PM (TTM) | 9.24% | ||
| GM | N/A | ||
| FCFM | 15.96% |
ROA(3y)0.7%
ROA(5y)0.71%
ROE(3y)11.38%
ROE(5y)10.65%
ROIC(3y)1.6%
ROIC(5y)1.47%
ROICexc(3y)1.64%
ROICexc(5y)1.5%
ROICexgc(3y)2.09%
ROICexgc(5y)1.88%
ROCE(3y)2.15%
ROCE(5y)1.97%
ROICexcg growth 3Y-32.57%
ROICexcg growth 5Y-16.72%
ROICexc growth 3Y-33.49%
ROICexc growth 5Y-17.41%
OM growth 3Y-31.32%
OM growth 5Y-15.72%
PM growth 3Y14.34%
PM growth 5Y3.03%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 1.23 | ||
| Debt/EBITDA | 1.99 | ||
| Cap/Depr | 100.86% | ||
| Cap/Sales | 1.52% | ||
| Interest Coverage | 8.51 | ||
| Cash Conversion | 177.44% | ||
| Profit Quality | 172.76% | ||
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 | ||
| Altman-Z | 0.28 |
F-Score5
WACC6.12%
ROIC/WACC0.15
Cap/Depr(3y)74.78%
Cap/Depr(5y)70.47%
Cap/Sales(3y)1.63%
Cap/Sales(5y)1.48%
Profit Quality(3y)294.57%
Profit Quality(5y)356.07%
High Growth Momentum
Growth
EPS 1Y (TTM)18.93%
EPS 3Y9.34%
EPS 5Y2.98%
EPS Q2Q%31.96%
EPS Next Y19.82%
EPS Next 2Y14.77%
EPS Next 3Y12.46%
EPS Next 5Y9.37%
Revenue 1Y (TTM)3.71%
Revenue growth 3Y-6.19%
Revenue growth 5Y-0.61%
Sales Q2Q%-26.43%
Revenue Next Year6.9%
Revenue Next 2Y4.3%
Revenue Next 3Y4.49%
Revenue Next 5Y3.78%
EBIT growth 1Y-18.77%
EBIT growth 3Y-35.58%
EBIT growth 5Y-16.24%
EBIT Next Year10.86%
EBIT Next 3Y6.97%
EBIT Next 5YN/A
FCF growth 1Y25.55%
FCF growth 3Y-10.24%
FCF growth 5Y-2.03%
OCF growth 1Y27.34%
OCF growth 3Y-8.87%
OCF growth 5Y-1.32%