MUENCHENER RUECKVER AG-REG (MUV2.DE) Stock Fundamental Analysis
Europe - FRA:MUV2 - DE0008430026 - Common Stock
546.8 EUR
-9.2 (-1.65%)
Taking everything into account, MUV2 scores 5 out of 10 in our fundamental rating. MUV2 was compared to 40 industry peers in the Insurance industry. Both the profitability and the financial health of MUV2 get a neutral evaluation. Nothing too spectacular is happening here. MUV2 is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year MUV2 was profitable.
MUV2 had a positive operating cash flow in the past year.
Each year in the past 5 years MUV2 has been profitable.
Each year in the past 5 years MUV2 had a positive operating cash flow.
1.2 Ratios
MUV2 has a better Return On Assets (2.06%) than 76.92% of its industry peers.
MUV2's Return On Equity of 18.59% is fine compared to the rest of the industry. MUV2 outperforms 79.49% of its industry peers.
MUV2's Return On Invested Capital of 2.27% is fine compared to the rest of the industry. MUV2 outperforms 66.67% of its industry peers.
MUV2 had an Average Return On Invested Capital over the past 3 years of 1.93%. This is in line with the industry average of 2.35%.
The 3 year average ROIC (1.93%) for MUV2 is below the current ROIC(2.27%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.06% | ||
| ROE | 18.59% | ||
| ROIC | 2.27% |
ROA(3y)1.88%
ROA(5y)1.4%
ROE(3y)17.52%
ROE(5y)13.23%
ROIC(3y)1.93%
ROIC(5y)1.43%
1.3 Margins
Looking at the Profit Margin, with a value of 9.15%, MUV2 is in line with its industry, outperforming 53.85% of the companies in the same industry.
MUV2's Profit Margin has improved in the last couple of years.
The Operating Margin of MUV2 (12.77%) is better than 61.54% of its industry peers.
In the last couple of years the Operating Margin of MUV2 has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.77% | ||
| PM (TTM) | 9.15% | ||
| GM | N/A |
OM growth 3Y37.9%
OM growth 5Y19.51%
PM growth 3Y29.8%
PM growth 5Y16.55%
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 MUV2 is destroying value.
Compared to 1 year ago, MUV2 has less shares outstanding
The number of shares outstanding for MUV2 has been reduced compared to 5 years ago.
Compared to 1 year ago, MUV2 has a worse debt to assets ratio.
2.2 Solvency
MUV2 has a debt to FCF ratio of 1.53. This is a very positive value and a sign of high solvency as it would only need 1.53 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.53, MUV2 is doing good in the industry, outperforming 69.23% of the companies in the same industry.
A Debt/Equity ratio of 0.23 indicates that MUV2 is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.23, MUV2 belongs to the best of the industry, outperforming 87.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 1.53 | ||
| Altman-Z | N/A |
ROIC/WACC0.33
WACC6.98%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MUV2 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -24.68%.
Measured over the past years, MUV2 shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.67% on average per year.
The Revenue has been growing slightly by 5.38% in the past year.
The Revenue has been decreasing by -0.60% on average over the past years.
EPS 1Y (TTM)-24.68%
EPS 3Y26.82%
EPS 5Y17.67%
EPS Q2Q%-95.57%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y-3.95%
Revenue growth 5Y-0.6%
Sales Q2Q%-21.49%
3.2 Future
Based on estimates for the next years, MUV2 will show a small growth in Earnings Per Share. The EPS will grow by 5.25% on average per year.
Based on estimates for the next years, MUV2 will show a small growth in Revenue. The Revenue will grow by 6.24% on average per year.
EPS Next Y18.1%
EPS Next 2Y10.13%
EPS Next 3Y8.51%
EPS Next 5Y5.25%
Revenue Next Year-3.21%
Revenue Next 2Y-0.09%
Revenue Next 3Y1.42%
Revenue Next 5Y6.24%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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
Based on the Price/Earnings ratio of 17.02, the valuation of MUV2 can be described as rather expensive.
Based on the Price/Earnings ratio, MUV2 is valued a bit more expensive than the industry average as 61.54% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 25.89. MUV2 is valued slightly cheaper when compared to this.
MUV2 is valuated reasonably with a Price/Forward Earnings ratio of 10.56.
MUV2's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, MUV2 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.02 | ||
| Fwd PE | 10.56 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MUV2 indicates a somewhat cheap valuation: MUV2 is cheaper than 69.23% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as MUV2.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.24 | ||
| EV/EBITDA | 8.92 |
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.
The decent profitability rating of MUV2 may justify a higher PE ratio.
PEG (NY)0.94
PEG (5Y)0.96
EPS Next 2Y10.13%
EPS Next 3Y8.51%
5. Dividend
5.1 Amount
MUV2 has a Yearly Dividend Yield of 3.60%. Purely for dividend investing, there may be better candidates out there.
MUV2's Dividend Yield is slightly below the industry average, which is at 4.50.
MUV2's Dividend Yield is a higher than the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
5.2 History
The dividend of MUV2 is nicely growing with an annual growth rate of 10.15%!
Dividend Growth(5Y)10.15%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
MUV2 pays out 45.96% of its income as dividend. This is a bit on the high side, but may be sustainable.
MUV2's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP45.96%
EPS Next 2Y10.13%
EPS Next 3Y8.51%
FRA:MUV2 (11/14/2025, 7:00:00 PM)
546.8
-9.2 (-1.65%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners48.7%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap71.44B
Revenue(TTM)62.13B
Net Income(TTM)5.68B
Analysts70
Price Target590.85 (8.06%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
Yearly Dividend15.08
Dividend Growth(5Y)10.15%
DP45.96%
Div Incr Years1
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.98%
Min EPS beat(2)0.41%
Max EPS beat(2)17.54%
EPS beat(4)3
Avg EPS beat(4)-0.44%
Min EPS beat(4)-19.89%
Max EPS beat(4)17.54%
EPS beat(8)6
Avg EPS beat(8)3.52%
EPS beat(12)8
Avg EPS beat(12)32.92%
EPS beat(16)10
Avg EPS beat(16)27.6%
Revenue beat(2)0
Avg Revenue beat(2)-7.42%
Min Revenue beat(2)-9.44%
Max Revenue beat(2)-5.4%
Revenue beat(4)1
Avg Revenue beat(4)-2.61%
Min Revenue beat(4)-12.05%
Max Revenue beat(4)16.46%
Revenue beat(8)1
Avg Revenue beat(8)-6.88%
Revenue beat(12)3
Avg Revenue beat(12)-3.43%
Revenue beat(16)6
Avg Revenue beat(16)-0.35%
PT rev (1m)1.62%
PT rev (3m)0.58%
EPS NQ rev (1m)7.97%
EPS NQ rev (3m)10.49%
EPS NY rev (1m)3.64%
EPS NY rev (3m)6.58%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)-0.44%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-2.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.02 | ||
| Fwd PE | 10.56 | ||
| P/S | 1.15 | ||
| P/FCF | 15.24 | ||
| P/OCF | 14.28 | ||
| P/B | 2.34 | ||
| P/tB | 2.69 | ||
| EV/EBITDA | 8.92 |
EPS(TTM)32.13
EY5.88%
EPS(NY)51.78
Fwd EY9.47%
FCF(TTM)35.88
FCFY6.56%
OCF(TTM)38.29
OCFY7%
SpS475.53
BVpS234.08
TBVpS203.29
PEG (NY)0.94
PEG (5Y)0.96
Graham Number411.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.06% | ||
| ROE | 18.59% | ||
| ROCE | 2.91% | ||
| ROIC | 2.27% | ||
| ROICexc | 2.31% | ||
| ROICexgc | 2.53% | ||
| OM | 12.77% | ||
| PM (TTM) | 9.15% | ||
| GM | N/A | ||
| FCFM | 7.55% |
ROA(3y)1.88%
ROA(5y)1.4%
ROE(3y)17.52%
ROE(5y)13.23%
ROIC(3y)1.93%
ROIC(5y)1.43%
ROICexc(3y)1.97%
ROICexc(5y)1.47%
ROICexgc(3y)2.15%
ROICexgc(5y)1.61%
ROCE(3y)2.47%
ROCE(5y)1.84%
ROICexgc growth 3Y35.26%
ROICexgc growth 5Y18.43%
ROICexc growth 3Y36.23%
ROICexc growth 5Y18.77%
OM growth 3Y37.9%
OM growth 5Y19.51%
PM growth 3Y29.8%
PM growth 5Y16.55%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 1.53 | ||
| Debt/EBITDA | 0.87 | ||
| Cap/Depr | 112.9% | ||
| Cap/Sales | 0.51% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 60.92% | ||
| Profit Quality | 82.46% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC6.98%
ROIC/WACC0.33
Cap/Depr(3y)68.52%
Cap/Depr(5y)N/A
Cap/Sales(3y)0.57%
Cap/Sales(5y)N/A
Profit Quality(3y)55.2%
Profit Quality(5y)187.98%
High Growth Momentum
Growth
EPS 1Y (TTM)-24.68%
EPS 3Y26.82%
EPS 5Y17.67%
EPS Q2Q%-95.57%
EPS Next Y18.1%
EPS Next 2Y10.13%
EPS Next 3Y8.51%
EPS Next 5Y5.25%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y-3.95%
Revenue growth 5Y-0.6%
Sales Q2Q%-21.49%
Revenue Next Year-3.21%
Revenue Next 2Y-0.09%
Revenue Next 3Y1.42%
Revenue Next 5Y6.24%
EBIT growth 1Y31.75%
EBIT growth 3Y32.46%
EBIT growth 5Y18.79%
EBIT Next Year9.77%
EBIT Next 3Y6.44%
EBIT Next 5YN/A
FCF growth 1Y61.54%
FCF growth 3Y-18.52%
FCF growth 5Y-21.52%
OCF growth 1Y50.11%
OCF growth 3Y-15.59%
OCF growth 5Y-19.83%
MUENCHENER RUECKVER AG-REG / MUV2.DE FAQ
What is the fundamental rating for MUV2 stock?
ChartMill assigns a fundamental rating of 5 / 10 to MUV2.DE.
Can you provide the valuation status for MUENCHENER RUECKVER AG-REG?
ChartMill assigns a valuation rating of 5 / 10 to MUENCHENER RUECKVER AG-REG (MUV2.DE). This can be considered as Fairly Valued.
How profitable is MUENCHENER RUECKVER AG-REG (MUV2.DE) stock?
MUENCHENER RUECKVER AG-REG (MUV2.DE) has a profitability rating of 6 / 10.
What is the earnings growth outlook for MUENCHENER RUECKVER AG-REG?
The Earnings per Share (EPS) of MUENCHENER RUECKVER AG-REG (MUV2.DE) is expected to grow by 18.1% in the next year.
Can you provide the dividend sustainability for MUV2 stock?
The dividend rating of MUENCHENER RUECKVER AG-REG (MUV2.DE) is 4 / 10 and the dividend payout ratio is 45.96%.