GENERALI (ASG.DE) Fundamental Analysis & Valuation

FRA:ASG • IT0000062072

Current stock price

37.92 EUR
-0.44 (-1.15%)
Last:

This ASG.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. ASG.DE Profitability Analysis

1.1 Basic Checks

  • ASG had positive earnings in the past year.
  • ASG had a positive operating cash flow in the past year.
  • ASG had positive earnings in each of the past 5 years.
  • In the past 5 years ASG always reported a positive cash flow from operatings.
ASG.DE Yearly Net Income VS EBIT VS OCF VS FCFASG.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

1.2 Ratios

  • ASG has a worse Return On Assets (0.47%) than 73.68% of its industry peers.
  • ASG has a worse Return On Equity (8.24%) than 71.05% of its industry peers.
  • The Return On Invested Capital of ASG (0.68%) 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 2.62%.
  • The last Return On Invested Capital (0.68%) for ASG is above the 3 year average (0.67%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.47%
ROE 8.24%
ROIC 0.68%
ROA(3y)0.44%
ROA(5y)0.45%
ROE(3y)7.67%
ROE(5y)8.22%
ROIC(3y)0.67%
ROIC(5y)0.69%
ASG.DE Yearly ROA, ROE, ROICASG.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • ASG has a worse Profit Margin (5.72%) than 63.16% of its industry peers.
  • In the last couple of years the Profit Margin of ASG has grown nicely.
  • With a decent Operating Margin value of 13.22%, ASG is doing good in the industry, outperforming 60.53% of the companies in the same industry.
  • ASG's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 13.22%
PM (TTM) 5.72%
GM N/A
OM growth 3Y-1.25%
OM growth 5Y5.01%
PM growth 3Y-14.61%
PM growth 5Y8.25%
GM growth 3YN/A
GM growth 5YN/A
ASG.DE Yearly Profit, Operating, Gross MarginsASG.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

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2

2. ASG.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ASG is destroying value.
  • Compared to 1 year ago, ASG has less shares outstanding
  • The number of shares outstanding for ASG has been reduced compared to 5 years ago.
  • Compared to 1 year ago, ASG has a worse debt to assets ratio.
ASG.DE Yearly Shares OutstandingASG.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
ASG.DE Yearly Total Debt VS Total AssetsASG.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100B 200B 300B 400B 500B

2.2 Solvency

  • The Debt to FCF ratio of ASG is 2.06, which is a good value as it means it would take ASG, 2.06 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.06, ASG is in line with its industry, outperforming 57.89% 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 78.95% of its industry peers.
  • Although ASG's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. 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 RankSector Rank
Debt/Equity 1.23
Debt/FCF 2.06
Altman-Z N/A
ROIC/WACC0.11
WACC5.92%
ASG.DE Yearly LT Debt VS Equity VS FCFASG.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
ASG.DE Yearly Current Assets VS Current LiabilitesASG.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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3

3. ASG.DE Growth Analysis

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 -7.15% in the past year.
  • Measured over the past years, ASG shows a very negative growth in Revenue. The Revenue has been decreasing by -14.37% on average per year.
EPS 1Y (TTM)5.6%
EPS 3Y11.24%
EPS 5Y7.84%
EPS Q2Q%18.97%
Revenue 1Y (TTM)-7.15%
Revenue growth 3Y-24.15%
Revenue growth 5Y-14.37%
Sales Q2Q%-19.91%

3.2 Future

  • ASG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.82% yearly.
  • ASG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.66% yearly.
EPS Next Y15.72%
EPS Next 2Y13.26%
EPS Next 3Y11.68%
EPS Next 5Y7.82%
Revenue Next Year5.03%
Revenue Next 2Y4.69%
Revenue Next 3Y4.56%
Revenue Next 5Y4.66%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
ASG.DE Yearly Revenue VS EstimatesASG.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20B 40B 60B 80B 100B
ASG.DE Yearly EPS VS EstimatesASG.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3 4

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4

4. ASG.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 15.48, which indicates a correct valuation of ASG.
  • ASG's Price/Earnings ratio is a bit more expensive when compared to the industry. ASG is more expensive than 68.42% of the companies in the same industry.
  • ASG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.54.
  • A Price/Forward Earnings ratio of 12.07 indicates a correct valuation of ASG.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ASG is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of ASG to the average of the S&P500 Index (21.68), we can say ASG is valued slightly cheaper.
Industry RankSector Rank
PE 15.48
Fwd PE 12.07
ASG.DE Price Earnings VS Forward Price EarningsASG.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • ASG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ASG is cheaper than 94.74% of the companies in the same industry.
Industry RankSector Rank
P/FCF 3.06
EV/EBITDA N/A
ASG.DE Per share dataASG.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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)0.98
PEG (5Y)1.97
EPS Next 2Y13.26%
EPS Next 3Y11.68%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. ASG.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.35%, ASG is a good candidate for dividend investing.
  • ASG's Dividend Yield is slightly below the industry average, which is at 4.46.
  • Compared to an average S&P500 Dividend Yield of 1.82, ASG pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.35%

5.2 History

  • The dividend of ASG is nicely growing with an annual growth rate of 23.53%!
Dividend Growth(5Y)23.53%
Div Incr Years3
Div Non Decr Years3
ASG.DE Yearly Dividends per shareASG.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • ASG pays out 82.17% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of ASG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP82.17%
EPS Next 2Y13.26%
EPS Next 3Y11.68%
ASG.DE Yearly Income VS Free CF VS DividendASG.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B
ASG.DE Dividend Payout.ASG.DE Dividend Payout, showing the Payout Ratio.ASG.DE Dividend Payout.PayoutRetained Earnings

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ASG.DE Fundamentals: All Metrics, Ratios and Statistics

GENERALI

FRA:ASG (4/29/2026, 7:00:00 PM)

37.92

-0.44 (-1.15%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Industry Strength81.08
Industry Growth69.33
Earnings (Last)03-12
Earnings (Next)05-21
Inst Owners34.01%
Inst Owner ChangeN/A
Ins Owners16.33%
Ins Owner ChangeN/A
Market Cap58.77B
Revenue(TTM)46.20B
Net Income(TTM)2.64B
Analysts74.07
Price Target37.19 (-1.93%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.35%
Yearly Dividend1.44
Dividend Growth(5Y)23.53%
DP82.17%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
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)1.52%
PT rev (3m)3.85%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.56%
EPS NY rev (3m)0.02%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.5%
Revenue NY rev (3m)-0.14%
Valuation
Industry RankSector Rank
PE 15.48
Fwd PE 12.07
P/S 1.27
P/FCF 3.06
P/OCF 2.99
P/B 1.83
P/tB 2.96
EV/EBITDA N/A
EPS(TTM)2.45
EY6.46%
EPS(NY)3.14
Fwd EY8.29%
FCF(TTM)12.41
FCFY32.72%
OCF(TTM)12.69
OCFY33.47%
SpS29.81
BVpS20.69
TBVpS12.82
PEG (NY)0.98
PEG (5Y)1.97
Graham Number33.7713 (-10.94%)
Profitability
Industry RankSector Rank
ROA 0.47%
ROE 8.24%
ROCE 1.12%
ROIC 0.68%
ROICexc 0.69%
ROICexgc 0.72%
OM 13.22%
PM (TTM) 5.72%
GM N/A
FCFM 41.62%
ROA(3y)0.44%
ROA(5y)0.45%
ROE(3y)7.67%
ROE(5y)8.22%
ROIC(3y)0.67%
ROIC(5y)0.69%
ROICexc(3y)0.68%
ROICexc(5y)0.7%
ROICexgc(3y)0.71%
ROICexgc(5y)0.74%
ROCE(3y)1.11%
ROCE(5y)1.14%
ROICexgc growth 3Y-4.21%
ROICexgc growth 5Y-7.69%
ROICexc growth 3Y-4.18%
ROICexc growth 5Y-7.5%
OM growth 3Y-1.25%
OM growth 5Y5.01%
PM growth 3Y-14.61%
PM growth 5Y8.25%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 1.23
Debt/FCF 2.06
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.95%
Interest Coverage 3.77
Cash Conversion N/A
Profit Quality 727.78%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC5.92%
ROIC/WACC0.11
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)0.74%
Cap/Sales(5y)N/A
Profit Quality(3y)619.45%
Profit Quality(5y)578.79%
High Growth Momentum
Growth
EPS 1Y (TTM)5.6%
EPS 3Y11.24%
EPS 5Y7.84%
EPS Q2Q%18.97%
EPS Next Y15.72%
EPS Next 2Y13.26%
EPS Next 3Y11.68%
EPS Next 5Y7.82%
Revenue 1Y (TTM)-7.15%
Revenue growth 3Y-24.15%
Revenue growth 5Y-14.37%
Sales Q2Q%-19.91%
Revenue Next Year5.03%
Revenue Next 2Y4.69%
Revenue Next 3Y4.56%
Revenue Next 5Y4.66%
EBIT growth 1Y-6.92%
EBIT growth 3Y-1.01%
EBIT growth 5Y-7.13%
EBIT Next Year1220.09%
EBIT Next 3Y142.55%
EBIT Next 5YN/A
FCF growth 1Y28.14%
FCF growth 3Y26.83%
FCF growth 5Y0.23%
OCF growth 1Y27.86%
OCF growth 3Y23.9%
OCF growth 5Y0.33%

GENERALI / ASG.DE Fundamental Analysis FAQ

What is the ChartMill fundamental rating of GENERALI (ASG.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to ASG.DE.


What is the valuation status of GENERALI (ASG.DE) stock?

ChartMill assigns a valuation rating of 4 / 10 to GENERALI (ASG.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for GENERALI?

GENERALI (ASG.DE) has a profitability rating of 5 / 10.


Can you provide the financial health for ASG stock?

The financial health rating of GENERALI (ASG.DE) is 2 / 10.


How sustainable is the dividend of GENERALI (ASG.DE) stock?

The dividend rating of GENERALI (ASG.DE) is 5 / 10 and the dividend payout ratio is 82.17%.