MUENCHENER RUECKVER AG-REG (MUV2.DE) Stock Fundamental Analysis
FRA:MUV2 - Deutsche Boerse Ag - DE0008430026 - Common Stock - Currency: EUR
Overall MUV2 gets a fundamental rating of 4 out of 10. We evaluated MUV2 against 34 industry peers in the Insurance industry. MUV2 has a medium profitability rating, but doesn't score so well on its financial health evaluation. MUV2 has a correct valuation and a medium growth rate.
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.
MUV2 had positive earnings in each of the past 5 years.
MUV2 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of MUV2 (1.98%) is better than 79.41% of its industry peers.
MUV2's Return On Equity of 17.42% is fine compared to the rest of the industry. MUV2 outperforms 76.47% of its industry peers.
MUV2 has a better Return On Invested Capital (2.18%) than 73.53% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MUV2 is in line with the industry average of 2.22%.
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
MUV2 has a Profit Margin of 9.03%. This is comparable to the rest of the industry: MUV2 outperforms 52.94% of its industry peers.
In the last couple of years the Profit Margin of MUV2 has grown nicely.
With a decent Operating Margin value of 12.57%, MUV2 is doing good in the industry, outperforming 64.71% of the companies in the same industry.
In the last couple of years the Operating Margin of MUV2 has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.57% | ||
| PM (TTM) | 9.03% | ||
| GM | N/A |
OM growth 3Y37.9%
OM growth 5Y13.21%
PM growth 3Y29.8%
PM growth 5Y12.15%
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
MUV2 has less shares outstanding than it did 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 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.
The Debt to Equity ratio of MUV2 (0.21) is better than 85.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.61 | ||
| Altman-Z | N/A |
ROIC/WACC0.31
WACC7.06%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MUV2 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.04%, which is quite impressive.
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 5.61% in the last year.
The Revenue has been decreasing by -0.63% on average over the past years.
EPS 1Y (TTM)26.04%
EPS 3Y26.82%
EPS 5Y17.67%
EPS Q2Q%0.4%
Revenue 1Y (TTM)5.61%
Revenue growth 3Y-3.95%
Revenue growth 5Y-0.63%
Sales Q2Q%2.29%
3.2 Future
The Earnings Per Share is expected to grow by 3.47% on average over the next years.
MUV2 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.26% yearly.
EPS Next Y10.82%
EPS Next 2Y9.3%
EPS Next 3Y8.16%
EPS Next 5Y3.47%
Revenue Next Year4.51%
Revenue Next 2Y4.8%
Revenue Next 3Y5.19%
Revenue Next 5Y6.26%
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.
4. Valuation
4.1 Price/Earnings Ratio
MUV2 is valuated correctly with a Price/Earnings ratio of 14.12.
MUV2's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 28.79. MUV2 is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 12.74, which indicates a correct valuation of MUV2.
Based on the Price/Forward Earnings ratio, MUV2 is valued a bit more expensive than the industry average as 70.59% of the companies are valued more cheaply.
MUV2's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.12 | ||
| Fwd PE | 12.74 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MUV2 is valued a bit cheaper than 67.65% of the companies in the same industry.
MUV2's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. MUV2 is more expensive than 70.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.51 | ||
| EV/EBITDA | 9.89 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of MUV2 may justify a higher PE ratio.
PEG (NY)1.3
PEG (5Y)0.8
EPS Next 2Y9.3%
EPS Next 3Y8.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.33%, MUV2 has a reasonable but not impressive dividend return.
MUV2's Dividend Yield is slightly below the industry average, which is at 4.79.
MUV2's Dividend Yield is a higher than the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.33% |
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 Years2
Div Non Decr Years5
5.3 Sustainability
35.29% of the earnings are spent on dividend by MUV2. This is a low number and 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 (4/25/2025, 7:00:00 PM)
602.6
-0.4 (-0.07%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners47.07%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap80.60B
Analysts71.54
Price Target576.3 (-4.36%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.33% |
Yearly Dividend15.08
Dividend Growth(5Y)10.15%
DP35.29%
Div Incr Years2
Div Non Decr Years5
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)2.47%
PT rev (3m)6.75%
EPS NQ rev (1m)-8.23%
EPS NQ rev (3m)-34.57%
EPS NY rev (1m)-0.38%
EPS NY rev (3m)1.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.83%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.12 | ||
| Fwd PE | 12.74 | ||
| P/S | 1.28 | ||
| P/FCF | 28.51 | ||
| P/OCF | 25.65 | ||
| P/B | 2.47 | ||
| P/tB | 2.85 | ||
| EV/EBITDA | 9.89 |
EPS(TTM)42.69
EY7.08%
EPS(NY)47.31
Fwd EY7.85%
FCF(TTM)21.13
FCFY3.51%
OCF(TTM)23.5
OCFY3.9%
SpS470.59
BVpS244.03
TBVpS211.62
PEG (NY)1.3
PEG (5Y)0.8
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 5Y12.15%
ROICexc growth 3Y36.23%
ROICexc growth 5Y12.47%
OM growth 3Y37.9%
OM growth 5Y13.21%
PM growth 3Y29.8%
PM growth 5Y12.15%
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
WACC7.06%
ROIC/WACC0.31
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)26.04%
EPS 3Y26.82%
EPS 5Y17.67%
EPS Q2Q%0.4%
EPS Next Y10.82%
EPS Next 2Y9.3%
EPS Next 3Y8.16%
EPS Next 5Y3.47%
Revenue 1Y (TTM)5.61%
Revenue growth 3Y-3.95%
Revenue growth 5Y-0.63%
Sales Q2Q%2.29%
Revenue Next Year4.51%
Revenue Next 2Y4.8%
Revenue Next 3Y5.19%
Revenue Next 5Y6.26%
EBIT growth 1Y27.83%
EBIT growth 3Y32.46%
EBIT growth 5Y12.49%
EBIT Next Year10.98%
EBIT Next 3YN/A
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%