GENERALI (ASG.DE) Stock Fundamental Analysis
FRA:ASG - Deutsche Boerse Ag - IT0000062072 - Common Stock - Currency: EUR
Overall ASG gets a fundamental rating of 4 out of 10. We evaluated ASG against 32 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 correct valuation and a medium growth rate.
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.
ASG had positive earnings in each of the past 5 years.
Each year in the past 5 years ASG had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.68%, ASG is doing worse than 73.33% of the companies in the same industry.
With a Return On Equity value of 12.18%, ASG is not doing good in the industry: 63.33% of the companies in the same industry are doing better.
ASG has a Return On Invested Capital of 1.13%. This is comparable to the rest of the industry: ASG outperforms 50.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ASG is in line with the industry average of 2.08%.
The last Return On Invested Capital (1.13%) for ASG is above the 3 year average (0.93%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.68% | ||
| ROE | 12.18% | ||
| ROIC | 1.13% |
ROA(3y)0.56%
ROA(5y)0.5%
ROE(3y)10.35%
ROE(5y)9.25%
ROIC(3y)0.93%
ROIC(5y)0.91%
1.3 Margins
With a Profit Margin value of 6.35%, ASG is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
ASG's Profit Margin has improved in the last couple of years.
ASG has a Operating Margin of 15.06%. This is in the better half of the industry: ASG outperforms 70.00% of its industry peers.
In the last couple of years the Operating Margin of ASG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.06% | ||
| PM (TTM) | 6.35% | ||
| GM | N/A |
OM growth 3Y21.62%
OM growth 5Y9.55%
PM growth 3Y49.33%
PM growth 5Y17.32%
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 ASG is destroying value.
ASG has more shares outstanding than it did 1 year ago.
ASG has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ASG has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of ASG is 4.02, which is a neutral value as it means it would take ASG, 4.02 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.02, ASG is in line with its industry, outperforming 46.67% of the companies in the same industry.
ASG has a Debt/Equity ratio of 1.23. This is a high value indicating a heavy dependency on external financing.
ASG has a worse Debt to Equity ratio (1.23) than 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | 4.02 | ||
| Altman-Z | N/A |
ROIC/WACC0.18
WACC6.15%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
ASG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.99%.
ASG shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.23% yearly.
Looking at the last year, ASG shows a quite strong growth in Revenue. The Revenue has grown by 16.34% in the last year.
Measured over the past years, ASG shows a decrease in Revenue. The Revenue has been decreasing by -6.10% on average per year.
EPS 1Y (TTM)-2.99%
EPS 3Y20.68%
EPS 5Y10.23%
EPS Q2Q%36.59%
Revenue 1Y (TTM)16.34%
Revenue growth 3Y-13.59%
Revenue growth 5Y-6.1%
Sales Q2Q%N/A
3.2 Future
ASG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.34% yearly.
Based on estimates for the next years, ASG will show a small growth in Revenue. The Revenue will grow by 7.06% on average per year.
EPS Next Y7.74%
EPS Next 2Y9.34%
EPS Next 3Y8.47%
EPS Next 5Y8.34%
Revenue Next Year17.03%
Revenue Next 2Y10.5%
Revenue Next 3Y8.23%
Revenue Next 5Y7.06%
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
The Price/Earnings ratio is 13.61, which indicates a correct valuation of ASG.
Compared to the rest of the industry, the Price/Earnings ratio of ASG indicates a slightly more expensive valuation: ASG is more expensive than 63.33% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.47, ASG is valued rather cheaply.
ASG is valuated reasonably with a Price/Forward Earnings ratio of 11.14.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ASG indicates a slightly more expensive valuation: ASG is more expensive than 73.33% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 92.74. ASG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.61 | ||
| Fwd PE | 11.14 |
4.2 Price Multiples
ASG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ASG is cheaper than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.41 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.76
PEG (5Y)1.33
EPS Next 2Y9.34%
EPS Next 3Y8.47%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.21%, ASG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.01, ASG is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.28, ASG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.21% |
5.2 History
On average, the dividend of ASG grows each year by 7.52%, which is quite nice.
Dividend Growth(5Y)7.52%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
51.35% 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.
DP51.35%
EPS Next 2Y9.34%
EPS Next 3Y8.47%
GENERALI
FRA:ASG (2/4/2025, 7:00:00 PM)
30.9
+0.17 (+0.55%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners34.43%
Inst Owner ChangeN/A
Ins Owners15.9%
Ins Owner ChangeN/A
Market Cap48.50B
Analysts71.43
Price Target28.42 (-8.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.21% |
Yearly Dividend1.15
Dividend Growth(5Y)7.52%
DP51.35%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.81%
Min EPS beat(2)-25.21%
Max EPS beat(2)13.6%
EPS beat(4)1
Avg EPS beat(4)-19.42%
Min EPS beat(4)-33.45%
Max EPS beat(4)13.6%
EPS beat(8)3
Avg EPS beat(8)-8.74%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.83%
PT rev (3m)8.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.95%
EPS NY rev (1m)-1.78%
EPS NY rev (3m)-1.78%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.61 | ||
| Fwd PE | 11.14 | ||
| P/S | 0.87 | ||
| P/FCF | 5.41 | ||
| P/OCF | 5.25 | ||
| P/B | 1.66 | ||
| P/tB | 2.81 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.27
EY7.35%
EPS(NY)2.77
Fwd EY8.98%
FCF(TTM)5.71
FCFY18.47%
OCF(TTM)5.89
OCFY19.05%
SpS35.67
BVpS18.61
TBVpS11
PEG (NY)1.76
PEG (5Y)1.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.68% | ||
| ROE | 12.18% | ||
| ROCE | 1.65% | ||
| ROIC | 1.13% | ||
| ROICexc | 1.15% | ||
| ROICexgc | 1.2% | ||
| OM | 15.06% | ||
| PM (TTM) | 6.35% | ||
| GM | N/A | ||
| FCFM | 16% |
ROA(3y)0.56%
ROA(5y)0.5%
ROE(3y)10.35%
ROE(5y)9.25%
ROIC(3y)0.93%
ROIC(5y)0.91%
ROICexc(3y)0.95%
ROICexc(5y)0.93%
ROICexgc(3y)0.99%
ROICexgc(5y)0.97%
ROCE(3y)1.36%
ROCE(5y)1.33%
ROICexcg growth 3Y7.44%
ROICexcg growth 5Y3.3%
ROICexc growth 3Y7.71%
ROICexc growth 5Y3.32%
OM growth 3Y21.62%
OM growth 5Y9.55%
PM growth 3Y49.33%
PM growth 5Y17.32%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | 4.02 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 0.5% | ||
| Interest Coverage | 4.96 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 251.94% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC6.15%
ROIC/WACC0.18
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)359.03%
Profit Quality(5y)581.46%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.99%
EPS 3Y20.68%
EPS 5Y10.23%
EPS Q2Q%36.59%
EPS Next Y7.74%
EPS Next 2Y9.34%
EPS Next 3Y8.47%
EPS Next 5Y8.34%
Revenue 1Y (TTM)16.34%
Revenue growth 3Y-13.59%
Revenue growth 5Y-6.1%
Sales Q2Q%N/A
Revenue Next Year17.03%
Revenue Next 2Y10.5%
Revenue Next 3Y8.23%
Revenue Next 5Y7.06%
EBIT growth 1Y9.07%
EBIT growth 3Y5.1%
EBIT growth 5Y2.87%
EBIT Next Year1366.18%
EBIT Next 3Y153.17%
EBIT Next 5YN/A
FCF growth 1Y-48.84%
FCF growth 3Y-56.59%
FCF growth 5Y-36.14%
OCF growth 1Y-48.31%
OCF growth 3Y-55.26%
OCF growth 5Y-35.06%