MUENCHENER RUECKVER AG-REG (MUV2.DE) Stock Fundamental Analysis
Europe - FRA:MUV2 - DE0008430026 - Common Stock
534.4 EUR
-6.2 (-1.15%)
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.
In the past year MUV2 had a positive cash flow from operations.
Each year in the past 5 years MUV2 has been profitable.
MUV2 had a positive operating cash flow in each of the past 5 years.
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 80.00% of the companies in the same industry.
With an excellent Return On Equity value of 18.59%, MUV2 belongs to the best of the industry, outperforming 82.50% of the companies in the same industry.
MUV2's Return On Invested Capital of 2.27% is fine compared to the rest of the industry. MUV2 outperforms 67.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MUV2 is in line with the industry average of 2.35%.
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 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
MUV2 has a Profit Margin (9.15%) which is comparable to the rest of the industry.
MUV2's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 12.77%, MUV2 is in line with its industry, outperforming 60.00% of the companies in the same industry.
MUV2's Operating Margin has improved in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MUV2 is destroying value.
The number of shares outstanding for MUV2 has been reduced compared to 1 year ago.
The number of shares outstanding for MUV2 has been reduced compared to 5 years ago.
MUV2 has a worse debt/assets ratio than last year.
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.
MUV2 has a better Debt to FCF ratio (1.53) than 75.00% of its industry peers.
A Debt/Equity ratio of 0.23 indicates that MUV2 is not too dependend on debt financing.
MUV2's Debt to Equity ratio of 0.23 is amongst the best of the industry. MUV2 outperforms 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 1.53 | ||
| Altman-Z | N/A |
ROIC/WACC0.33
WACC6.97%
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%.
MUV2 shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.67% yearly.
MUV2 shows a small growth in Revenue. In the last year, the Revenue has grown by 5.38%.
MUV2 shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.60% yearly.
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.
The Revenue is expected to grow by 6.24% on average over the next years.
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
With a Price/Earnings ratio of 16.63, MUV2 is valued correctly.
Based on the Price/Earnings ratio, MUV2 is valued a bit more expensive than 60.00% of the companies in the same industry.
MUV2's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.51.
A Price/Forward Earnings ratio of 10.32 indicates a reasonable valuation of MUV2.
MUV2's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of MUV2 to the average of the S&P500 Index (34.98), we can say MUV2 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.63 | ||
| Fwd PE | 10.32 |
4.2 Price Multiples
67.50% of the companies in the same industry are more expensive than MUV2, based on the Enterprise Value to EBITDA ratio.
MUV2's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.89 | ||
| EV/EBITDA | 8.82 |
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.
The decent profitability rating of MUV2 may justify a higher PE ratio.
PEG (NY)0.92
PEG (5Y)0.94
EPS Next 2Y10.13%
EPS Next 3Y8.51%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.60%, MUV2 has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.50, MUV2 is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.44, MUV2 pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
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 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 (11/18/2025, 7:00:00 PM)
534.4
-6.2 (-1.15%)
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 Cap69.82B
Revenue(TTM)62.13B
Net Income(TTM)5.68B
Analysts70
Price Target590.85 (10.56%)
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 | 16.63 | ||
| Fwd PE | 10.32 | ||
| P/S | 1.12 | ||
| P/FCF | 14.89 | ||
| P/OCF | 13.96 | ||
| P/B | 2.28 | ||
| P/tB | 2.63 | ||
| EV/EBITDA | 8.82 |
EPS(TTM)32.13
EY6.01%
EPS(NY)51.78
Fwd EY9.69%
FCF(TTM)35.88
FCFY6.71%
OCF(TTM)38.29
OCFY7.17%
SpS475.53
BVpS234.08
TBVpS203.29
PEG (NY)0.92
PEG (5Y)0.94
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
WACC6.97%
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%.