GENERALI (ASG.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:ASG - IT0000062072 - Common Stock
33.42 EUR
-0.34 (-1.01%)
Taking everything into account, ASG scores 4 out of 10 in our fundamental rating. ASG was compared to 48 industry peers in the Insurance industry. ASG has a medium profitability rating, but doesn't score so well on its financial health evaluation. ASG has a valuation in line with the averages, but it does not seem to be growing. Finally ASG also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year ASG was profitable.
- In the past year ASG had a positive cash flow from operations.
- Each year in the past 5 years ASG has been profitable.
- Each year in the past 5 years ASG had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 0.71%, ASG is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
- The Return On Equity of ASG (12.87%) is worse than 60.42% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 0.93%, ASG is in line with its industry, outperforming 45.83% of the companies in the same industry.
- ASG had an Average Return On Invested Capital over the past 3 years of 0.73%. This is in line with the industry average of 2.70%.
- The 3 year average ROIC (0.73%) for ASG is below the current ROIC(0.93%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.71% | ||
| ROE | 12.87% | ||
| ROIC | 0.93% |
ROA(3y)0.5%
ROA(5y)0.46%
ROE(3y)9.01%
ROE(5y)8.51%
ROIC(3y)0.73%
ROIC(5y)0.78%
1.3 Margins
- With a Profit Margin value of 7.79%, ASG is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
- In the last couple of years the Profit Margin of ASG has grown nicely.
- ASG has a better Operating Margin (15.75%) than 72.92% of its industry peers.
- ASG's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.75% | ||
| PM (TTM) | 7.79% | ||
| GM | N/A |
OM growth 3Y30.49%
OM growth 5Y21.29%
PM growth 3Y44.18%
PM growth 5Y24.82%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- ASG 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 ASG has been reduced compared to 1 year ago.
- Compared to 5 years ago, ASG has less shares outstanding
- The debt/assets ratio for ASG is higher compared to a year ago.
2.2 Solvency
- The Debt to FCF ratio of ASG is 2.11, which is a good value as it means it would take ASG, 2.11 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 2.11, ASG is in line with its industry, outperforming 58.33% of the companies in the same industry.
- ASG has a Debt/Equity ratio of 1.30. This is a high value indicating a heavy dependency on external financing.
- ASG has a worse Debt to Equity ratio (1.30) than 83.33% of its industry peers.
- Although ASG does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | 2.11 | ||
| Altman-Z | N/A |
ROIC/WACC0.15
WACC6.29%
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 been growing slightly by 5.60% over the past year.
- ASG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.84% yearly.
- The Revenue has decreased by -9.82% in the past year.
- The Revenue for ASG have been decreasing by -14.37% on average. This is quite bad
EPS 1Y (TTM)5.6%
EPS 3Y11.24%
EPS 5Y7.84%
EPS Q2Q%133.85%
Revenue 1Y (TTM)-9.82%
Revenue growth 3Y-24.15%
Revenue growth 5Y-14.37%
Sales Q2Q%-2.56%
3.2 Future
- The Earnings Per Share is expected to grow by 7.56% on average over the next years.
- Based on estimates for the next years, ASG will show a small growth in Revenue. The Revenue will grow by 3.93% on average per year.
EPS Next Y16.3%
EPS Next 2Y13.37%
EPS Next 3Y11.67%
EPS Next 5Y7.56%
Revenue Next Year4.89%
Revenue Next 2Y4.77%
Revenue Next 3Y4.56%
Revenue Next 5Y3.93%
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 stable.
- 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
- ASG is valuated correctly with a Price/Earnings ratio of 13.64.
- The rest of the industry has a similar Price/Earnings ratio as ASG.
- When comparing the Price/Earnings ratio of ASG to the average of the S&P500 Index (27.21), we can say ASG is valued slightly cheaper.
- ASG is valuated reasonably with a Price/Forward Earnings ratio of 10.61.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of ASG is on the same level as its industry peers.
- ASG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.64 | ||
| Fwd PE | 10.61 |
4.2 Price Multiples
- 95.83% of the companies in the same industry are more expensive than ASG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.83 | ||
| EV/EBITDA | N/A |
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)0.84
PEG (5Y)1.74
EPS Next 2Y13.37%
EPS Next 3Y11.67%
5. Dividend
5.1 Amount
- ASG has a Yearly Dividend Yield of 4.09%, which is a nice return.
- ASG's Dividend Yield is comparable with the industry average which is at 4.19.
- Compared to an average S&P500 Dividend Yield of 1.82, ASG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.09% |
5.2 History
- The dividend of ASG is nicely growing with an annual growth rate of 7.30%!
Dividend Growth(5Y)7.3%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 56.80% of the earnings are spent on dividend by ASG. This is a bit on the high side, but may be sustainable.
- The dividend of ASG is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP56.8%
EPS Next 2Y13.37%
EPS Next 3Y11.67%
GENERALI / ASG.DE FAQ
What is the ChartMill fundamental rating of GENERALI (ASG.DE) stock?
ChartMill assigns a fundamental rating of 4 / 10 to ASG.DE.
Can you provide the valuation status for GENERALI?
ChartMill assigns a valuation rating of 5 / 10 to GENERALI (ASG.DE). This can be considered as Fairly Valued.
How profitable is GENERALI (ASG.DE) stock?
GENERALI (ASG.DE) has a profitability rating of 5 / 10.
What is the valuation of GENERALI based on its PE and PB ratios?
The Price/Earnings (PE) ratio for GENERALI (ASG.DE) is 13.64 and the Price/Book (PB) ratio is 1.74.
What is the financial health of GENERALI (ASG.DE) stock?
The financial health rating of GENERALI (ASG.DE) is 2 / 10.