MUENCHENER RUECKVER AG-REG (MUV2.DE) Stock Fundamental Analysis
FRA:MUV2 - Deutsche Boerse Ag - DE0008430026 - Common Stock - Currency: EUR
MUV2 gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 40 industry peers in the Insurance industry. MUV2 scores excellent on profitability, but there are concerns on its financial health. MUV2 has a valuation in line with the averages, but it does not seem to be growing.
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.
Each year in the past 5 years MUV2 had a positive operating cash flow.
1.2 Ratios
MUV2's Return On Assets of 1.98% is fine compared to the rest of the industry. MUV2 outperforms 75.00% of its industry peers.
MUV2 has a Return On Equity of 17.42%. This is amongst the best in the industry. MUV2 outperforms 82.50% of its industry peers.
MUV2 has a Return On Invested Capital of 2.18%. This is in the better half of the industry: MUV2 outperforms 72.50% 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 2.04%.
The last Return On Invested Capital (2.18%) for MUV2 is above the 3 year average (1.93%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.98% | ||
| ROE | 17.42% | ||
| ROIC | 2.18% |
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 9.03%, MUV2 is in line with its industry, outperforming 55.00% of the companies in the same industry.
In the last couple of years the Profit Margin of MUV2 has grown nicely.
The Operating Margin of MUV2 (12.57%) is better than 65.00% of its industry peers.
MUV2's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.57% | ||
| PM (TTM) | 9.03% | ||
| 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
MUV2 has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for MUV2 has been reduced compared to 1 year ago.
Compared to 5 years ago, MUV2 has less shares outstanding
Compared to 1 year ago, MUV2 has a worse debt to assets ratio.
2.2 Solvency
MUV2 has a debt to FCF ratio of 2.61. This is a good value and a sign of high solvency as MUV2 would need 2.61 years to pay back of all of its debts.
MUV2 has a Debt to FCF ratio (2.61) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.21 indicates that MUV2 is not too dependend on debt financing.
MUV2's Debt to Equity ratio of 0.21 is amongst the best of the industry. MUV2 outperforms 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.61 | ||
| Altman-Z | N/A |
ROIC/WACC0.32
WACC6.86%
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 -13.49%.
MUV2 shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.67% yearly.
The Revenue has been growing slightly by 5.38% in the past year.
MUV2 shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.60% yearly.
EPS 1Y (TTM)-13.49%
EPS 3Y26.82%
EPS 5Y17.67%
EPS Q2Q%-47.74%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y-3.95%
Revenue growth 5Y-0.6%
Sales Q2Q%4.98%
3.2 Future
MUV2 is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.70% yearly.
The Revenue is expected to grow by 7.07% on average over the next years.
EPS Next Y10.82%
EPS Next 2Y9.3%
EPS Next 3Y8.16%
EPS Next 5Y4.7%
Revenue Next Year4.31%
Revenue Next 2Y4.39%
Revenue Next 3Y4.63%
Revenue Next 5Y7.07%
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 decreasing.
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 15.79, which indicates a correct valuation of MUV2.
MUV2's Price/Earnings ratio is in line with the industry average.
MUV2's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.28.
MUV2 is valuated reasonably with a Price/Forward Earnings ratio of 10.86.
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 21.76, MUV2 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.79 | ||
| Fwd PE | 10.86 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MUV2 is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, MUV2 is valued a bit more expensive than 72.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.59 | ||
| EV/EBITDA | 8.85 |
4.3 Compensation for Growth
MUV2's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
MUV2 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.46
PEG (5Y)0.89
EPS Next 2Y9.3%
EPS Next 3Y8.16%
5. Dividend
5.1 Amount
MUV2 has a Yearly Dividend Yield of 3.65%.
MUV2's Dividend Yield is slightly below the industry average, which is at 4.58.
MUV2's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.65% |
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
5.3 Sustainability
MUV2 pays out 35.29% of its income as dividend. This is a sustainable payout ratio.
The dividend of MUV2 is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP35.29%
EPS Next 2Y9.3%
EPS Next 3Y8.16%
FRA:MUV2 (7/3/2025, 9:49:49 AM)
553.7
+2.1 (+0.38%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners42.33%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap72.34B
Analysts70.4
Price Target587.7 (6.14%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.65% |
Yearly Dividend15.08
Dividend Growth(5Y)10.15%
DP35.29%
Div Incr Years1
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-9.85%
Min EPS beat(2)-19.89%
Max EPS beat(2)0.18%
EPS beat(4)3
Avg EPS beat(4)2.66%
Min EPS beat(4)-19.89%
Max EPS beat(4)24.09%
EPS beat(8)4
Avg EPS beat(8)-0.87%
EPS beat(12)7
Avg EPS beat(12)31.96%
EPS beat(16)10
Avg EPS beat(16)33.08%
Revenue beat(2)1
Avg Revenue beat(2)2.2%
Min Revenue beat(2)-12.05%
Max Revenue beat(2)16.46%
Revenue beat(4)1
Avg Revenue beat(4)-5.19%
Min Revenue beat(4)-16.12%
Max Revenue beat(4)16.46%
Revenue beat(8)1
Avg Revenue beat(8)-7.21%
Revenue beat(12)4
Avg Revenue beat(12)-1.87%
Revenue beat(16)8
Avg Revenue beat(16)3.07%
PT rev (1m)-0.23%
PT rev (3m)4.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.91%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.72%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.79 | ||
| Fwd PE | 10.86 | ||
| P/S | 1.15 | ||
| P/FCF | 25.59 | ||
| P/OCF | 23.02 | ||
| P/B | 2.22 | ||
| P/tB | 2.56 | ||
| EV/EBITDA | 8.85 |
EPS(TTM)35.07
EY6.33%
EPS(NY)51
Fwd EY9.21%
FCF(TTM)21.64
FCFY3.91%
OCF(TTM)24.06
OCFY4.34%
SpS481.79
BVpS249.84
TBVpS216.66
PEG (NY)1.46
PEG (5Y)0.89
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.98% | ||
| ROE | 17.42% | ||
| ROCE | 2.79% | ||
| ROIC | 2.18% | ||
| ROICexc | 2.22% | ||
| ROICexgc | 2.43% | ||
| OM | 12.57% | ||
| PM (TTM) | 9.03% | ||
| GM | N/A | ||
| FCFM | 4.49% |
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%
ROICexcg growth 3Y35.26%
ROICexcg 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-Score7
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.61 | ||
| Debt/EBITDA | 0.84 | ||
| Cap/Depr | 84.27% | ||
| Cap/Sales | 0.5% | ||
| Interest Coverage | 27.66 | ||
| Cash Conversion | 37.94% | ||
| Profit Quality | 49.73% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC6.86%
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)-13.49%
EPS 3Y26.82%
EPS 5Y17.67%
EPS Q2Q%-47.74%
EPS Next Y10.82%
EPS Next 2Y9.3%
EPS Next 3Y8.16%
EPS Next 5Y4.7%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y-3.95%
Revenue growth 5Y-0.6%
Sales Q2Q%4.98%
Revenue Next Year4.31%
Revenue Next 2Y4.39%
Revenue Next 3Y4.63%
Revenue Next 5Y7.07%
EBIT growth 1Y27.83%
EBIT growth 3Y32.46%
EBIT growth 5Y18.79%
EBIT Next Year11.84%
EBIT Next 3Y7.02%
EBIT Next 5YN/A
FCF growth 1Y28.68%
FCF growth 3Y-18.52%
FCF growth 5Y-21.52%
OCF growth 1Y23.59%
OCF growth 3Y-15.59%
OCF growth 5Y-19.83%