GENERALI (ASG.DE) Stock Fundamental Analysis
FRA:ASG - Deutsche Boerse Ag - IT0000062072 - Common Stock - Currency: EUR
We assign a fundamental rating of 4 out of 10 to ASG. ASG was compared to 33 industry peers in the Insurance industry. There are concerns on the financial health of ASG while its profitability can be described as average. ASG is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
ASG had positive earnings in the past year.
In the past year ASG had a positive cash flow from operations.
ASG had positive earnings in each of the past 5 years.
ASG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ASG has a Return On Assets of 0.68%. This is in the lower half of the industry: ASG underperforms 66.67% of its industry peers.
ASG's Return On Equity of 12.18% is in line compared to the rest of the industry. ASG outperforms 41.67% of its industry peers.
ASG has a Return On Invested Capital (1.13%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for ASG is in line with the industry average of 2.25%.
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
ASG's Profit Margin of 6.35% is on the low side compared to the rest of the industry. ASG is outperformed by 63.89% of its industry peers.
ASG's Profit Margin has improved in the last couple of years.
ASG's Operating Margin of 15.06% is fine compared to the rest of the industry. ASG outperforms 72.22% 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
ASG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, ASG has more shares outstanding
Compared to 5 years ago, ASG has more shares outstanding
The debt/assets ratio for ASG has been reduced compared to a year ago.
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.
With a Debt to FCF ratio value of 4.02, ASG perfoms like the industry average, outperforming 47.22% of the companies in the same industry.
A Debt/Equity ratio of 1.23 is on the high side and indicates that ASG has dependencies on debt financing.
ASG has a worse Debt to Equity ratio (1.23) than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | 4.02 | ||
| Altman-Z | N/A |
ROIC/WACC0.17
WACC6.54%
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%.
Measured over the past years, ASG shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.23% on average per year.
The Revenue has grown by 16.34% in the past year. This is quite good.
ASG shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.10% yearly.
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
The Earnings Per Share is expected to grow by 8.34% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.06% on average over the next years.
EPS Next Y8.15%
EPS Next 2Y10.08%
EPS Next 3Y9.05%
EPS Next 5Y8.34%
Revenue Next Year15.18%
Revenue Next 2Y9.8%
Revenue Next 3Y7.66%
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
Based on the Price/Earnings ratio of 14.15, the valuation of ASG can be described as correct.
ASG's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 29.35, ASG is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.43, the valuation of ASG can be described as very reasonable.
Based on the Price/Forward Earnings ratio, ASG is valued a bit more expensive than the industry average as 61.11% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 22.10. ASG is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.15 | ||
| Fwd PE | 11.43 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, ASG is valued a bit cheaper than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.63 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
ASG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.74
PEG (5Y)1.38
EPS Next 2Y10.08%
EPS Next 3Y9.05%
5. Dividend
5.1 Amount
ASG has a Yearly Dividend Yield of 3.99%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.64, ASG has a dividend in line with its industry peers.
ASG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
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 2Y10.08%
EPS Next 3Y9.05%
FRA:ASG (3/7/2025, 7:00:00 PM)
32.12
+0.01 (+0.03%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners33.62%
Inst Owner ChangeN/A
Ins Owners16.85%
Ins Owner ChangeN/A
Market Cap50.41B
Analysts69.29
Price Target29.79 (-7.25%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
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)4.83%
PT rev (3m)13.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.38%
EPS NY rev (3m)-1.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.59%
Revenue NY rev (3m)-1.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.15 | ||
| Fwd PE | 11.43 | ||
| P/S | 0.9 | ||
| P/FCF | 5.63 | ||
| P/OCF | 5.46 | ||
| P/B | 1.73 | ||
| P/tB | 2.92 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.27
EY7.07%
EPS(NY)2.81
Fwd EY8.75%
FCF(TTM)5.71
FCFY17.77%
OCF(TTM)5.89
OCFY18.33%
SpS35.67
BVpS18.61
TBVpS11
PEG (NY)1.74
PEG (5Y)1.38
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
WACC6.54%
ROIC/WACC0.17
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 Y8.15%
EPS Next 2Y10.08%
EPS Next 3Y9.05%
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 Year15.18%
Revenue Next 2Y9.8%
Revenue Next 3Y7.66%
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%