MUENCHENER RUECKVER AG-REG (MUV2.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:MUV2 • DE0008430026

527.6 EUR
+1 (+0.19%)
Last: Feb 5, 2026, 09:22 AM
Fundamental Rating

5

Taking everything into account, MUV2 scores 5 out of 10 in our fundamental rating. MUV2 was compared to 47 industry peers in the Insurance industry. MUV2 has only an average score on both its financial health and profitability. MUV2 is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year MUV2 was profitable.
  • In the past year MUV2 had a positive cash flow from operations.
  • Each year in the past 5 years MUV2 has been profitable.
  • In the past 5 years MUV2 always reported a positive cash flow from operatings.
MUV2.DE Yearly Net Income VS EBIT VS OCF VS FCFMUV2.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 2B 4B 6B 8B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.06%, MUV2 is in the better half of the industry, outperforming 65.96% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 18.59%, MUV2 is in the better half of the industry, outperforming 68.09% of the companies in the same industry.
  • MUV2 has a better Return On Invested Capital (2.27%) than 65.96% 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 2.92%.
  • The last Return On Invested Capital (2.27%) for MUV2 is above the 3 year average (1.93%), which is a sign of increasing profitability.
Industry RankSector 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%
MUV2.DE Yearly ROA, ROE, ROICMUV2.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • The Profit Margin of MUV2 (9.15%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of MUV2 has grown nicely.
  • MUV2 has a Operating Margin (12.77%) which is in line with its industry peers.
  • MUV2's Operating Margin has improved in the last couple of years.
Industry RankSector 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
MUV2.DE Yearly Profit, Operating, Gross MarginsMUV2.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

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4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MUV2 is destroying value.
  • The number of shares outstanding for MUV2 has been reduced compared to 1 year ago.
  • MUV2 has less shares outstanding than it did 5 years ago.
  • MUV2 has a worse debt/assets ratio than last year.
MUV2.DE Yearly Shares OutstandingMUV2.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
MUV2.DE Yearly Total Debt VS Total AssetsMUV2.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100B 200B 300B

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.
  • The Debt to FCF ratio of MUV2 (1.53) is better than 65.96% of its industry peers.
  • A Debt/Equity ratio of 0.23 indicates that MUV2 is not too dependend on debt financing.
  • MUV2 has a better Debt to Equity ratio (0.23) than 89.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF 1.53
Altman-Z N/A
ROIC/WACC0.32
WACC7.07%
MUV2.DE Yearly LT Debt VS Equity VS FCFMUV2.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
MUV2.DE Yearly Current Assets VS Current LiabilitesMUV2.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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4

3. Growth

3.1 Past

  • MUV2 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.88%, which is quite good.
  • 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.
  • Looking at the last year, MUV2 shows a small growth in Revenue. The Revenue has grown by 5.38% in the last year.
  • MUV2 shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.60% yearly.
EPS 1Y (TTM)10.88%
EPS 3Y26.82%
EPS 5Y17.67%
EPS Q2Q%120.51%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y-3.95%
Revenue growth 5Y-0.6%
Sales Q2Q%-22.27%

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 4.73% on average per year.
  • MUV2 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.72% yearly.
EPS Next Y16.24%
EPS Next 2Y10.82%
EPS Next 3Y9.09%
EPS Next 5Y4.73%
Revenue Next Year-3.8%
Revenue Next 2Y-0.54%
Revenue Next 3Y1.1%
Revenue Next 5Y5.72%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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.
MUV2.DE Yearly Revenue VS EstimatesMUV2.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B 100B
MUV2.DE Yearly EPS VS EstimatesMUV2.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20 40 60

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6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.15, the valuation of MUV2 can be described as reasonable.
  • 70.21% of the companies in the same industry are more expensive than MUV2, based on the Price/Earnings ratio.
  • MUV2 is valuated cheaply when we compare the Price/Earnings ratio to 28.25, which is the current average of the S&P500 Index.
  • MUV2 is valuated reasonably with a Price/Forward Earnings ratio of 10.06.
  • 65.96% of the companies in the same industry are more expensive than MUV2, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of MUV2 to the average of the S&P500 Index (27.50), we can say MUV2 is valued rather cheaply.
Industry RankSector Rank
PE 11.15
Fwd PE 10.06
MUV2.DE Price Earnings VS Forward Price EarningsMUV2.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MUV2 is valued a bit cheaper than 74.47% of the companies in the same industry.
  • MUV2's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 14.7
EV/EBITDA 8.43
MUV2.DE Per share dataMUV2.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300 400

4.3 Compensation for Growth

  • MUV2's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • MUV2 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.69
PEG (5Y)0.63
EPS Next 2Y10.82%
EPS Next 3Y9.09%

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5

5. Dividend

5.1 Amount

  • MUV2 has a Yearly Dividend Yield of 3.92%. Purely for dividend investing, there may be better candidates out there.
  • MUV2's Dividend Yield is comparable with the industry average which is at 4.09.
  • Compared to an average S&P500 Dividend Yield of 1.82, MUV2 pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.92%

5.2 History

  • On average, the dividend of MUV2 grows each year by 10.15%, which is quite nice.
Dividend Growth(5Y)10.15%
Div Incr Years1
Div Non Decr Years6
MUV2.DE Yearly Dividends per shareMUV2.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 5 10

5.3 Sustainability

  • 45.96% of the earnings are spent on dividend by MUV2. 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 2Y10.82%
EPS Next 3Y9.09%
MUV2.DE Yearly Income VS Free CF VS DividendMUV2.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B
MUV2.DE Dividend Payout.MUV2.DE Dividend Payout, showing the Payout Ratio.MUV2.DE Dividend Payout.PayoutRetained Earnings

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MUENCHENER RUECKVER AG-REG

FRA:MUV2 (2/5/2026, 9:22:17 AM)

527.6

+1 (+0.19%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)11-11
Earnings (Next)02-26
Inst Owners47.64%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap68.93B
Revenue(TTM)62.13B
Net Income(TTM)5.68B
Analysts70
Price Target610.79 (15.77%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.92%
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)0.26%
PT rev (3m)5.04%
EPS NQ rev (1m)0%
EPS NQ rev (3m)9.02%
EPS NY rev (1m)-0.27%
EPS NY rev (3m)2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.62%
Valuation
Industry RankSector Rank
PE 11.15
Fwd PE 10.06
P/S 1.11
P/FCF 14.7
P/OCF 13.78
P/B 2.25
P/tB 2.6
EV/EBITDA 8.43
EPS(TTM)47.3
EY8.97%
EPS(NY)52.42
Fwd EY9.94%
FCF(TTM)35.88
FCFY6.8%
OCF(TTM)38.29
OCFY7.26%
SpS475.53
BVpS234.08
TBVpS203.29
PEG (NY)0.69
PEG (5Y)0.63
Graham Number499.12
Profitability
Industry RankSector 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 RankSector 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
WACC7.07%
ROIC/WACC0.32
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)10.88%
EPS 3Y26.82%
EPS 5Y17.67%
EPS Q2Q%120.51%
EPS Next Y16.24%
EPS Next 2Y10.82%
EPS Next 3Y9.09%
EPS Next 5Y4.73%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y-3.95%
Revenue growth 5Y-0.6%
Sales Q2Q%-22.27%
Revenue Next Year-3.8%
Revenue Next 2Y-0.54%
Revenue Next 3Y1.1%
Revenue Next 5Y5.72%
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.


What is the valuation status of MUENCHENER RUECKVER AG-REG (MUV2.DE) stock?

ChartMill assigns a valuation rating of 6 / 10 to MUENCHENER RUECKVER AG-REG (MUV2.DE). This can be considered as Fairly Valued.


What is the profitability of MUV2 stock?

MUENCHENER RUECKVER AG-REG (MUV2.DE) has a profitability rating of 6 / 10.


What are the PE and PB ratios of MUENCHENER RUECKVER AG-REG (MUV2.DE) stock?

The Price/Earnings (PE) ratio for MUENCHENER RUECKVER AG-REG (MUV2.DE) is 11.15 and the Price/Book (PB) ratio is 2.25.


How financially healthy is MUENCHENER RUECKVER AG-REG?

The financial health rating of MUENCHENER RUECKVER AG-REG (MUV2.DE) is 4 / 10.