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TALANX AG (TLX.DE) Stock Fundamental Analysis

FRA:TLX - Deutsche Boerse Ag - DE000TLX1005 - Common Stock - Currency: EUR

81.35  0 (0%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to TLX. TLX was compared to 32 industry peers in the Insurance industry. TLX has a medium profitability rating, but doesn't score so well on its financial health evaluation. TLX has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year TLX was profitable.
TLX had a positive operating cash flow in the past year.
Each year in the past 5 years TLX has been profitable.
Each year in the past 5 years TLX had a positive operating cash flow.
TLX.DE Yearly Net Income VS EBIT VS OCF VS FCFTLX.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

1.2 Ratios

TLX has a Return On Assets of 0.91%. This is in the lower half of the industry: TLX underperforms 63.33% of its industry peers.
TLX's Return On Equity of 14.33% is in line compared to the rest of the industry. TLX outperforms 50.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.78%, TLX is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TLX is in line with the industry average of 2.08%.
The last Return On Invested Capital (1.78%) for TLX is above the 3 year average (1.55%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.91%
ROE 14.33%
ROIC 1.78%
ROA(3y)0.63%
ROA(5y)0.55%
ROE(3y)10.9%
ROE(5y)9.61%
ROIC(3y)1.55%
ROIC(5y)1.3%
TLX.DE Yearly ROA, ROE, ROICTLX.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15

1.3 Margins

TLX's Profit Margin of 3.74% is on the low side compared to the rest of the industry. TLX is outperformed by 76.67% of its industry peers.
In the last couple of years the Profit Margin of TLX has grown nicely.
Looking at the Operating Margin, with a value of 9.00%, TLX is in line with its industry, outperforming 46.67% of the companies in the same industry.
TLX's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 9%
PM (TTM) 3.74%
GM N/A
OM growth 3Y29%
OM growth 5Y8.49%
PM growth 3Y30.44%
PM growth 5Y12.17%
GM growth 3YN/A
GM growth 5YN/A
TLX.DE Yearly Profit, Operating, Gross MarginsTLX.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8

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3

2. Health

2.1 Basic Checks

TLX 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 TLX has been increased compared to 1 year ago.
TLX has more shares outstanding than it did 5 years ago.
TLX has a better debt/assets ratio than last year.
TLX.DE Yearly Shares OutstandingTLX.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
TLX.DE Yearly Total Debt VS Total AssetsTLX.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 50B 100B 150B

2.2 Solvency

TLX has a debt to FCF ratio of 1.12. This is a very positive value and a sign of high solvency as it would only need 1.12 years to pay back of all of its debts.
TLX has a Debt to FCF ratio of 1.12. This is amongst the best in the industry. TLX outperforms 90.00% of its industry peers.
A Debt/Equity ratio of 0.78 indicates that TLX is somewhat dependend on debt financing.
TLX has a worse Debt to Equity ratio (0.78) than 73.33% of its industry peers.
Although TLX does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 1.12
Altman-Z N/A
ROIC/WACC0.28
WACC6.36%
TLX.DE Yearly LT Debt VS Equity VS FCFTLX.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
TLX.DE Yearly Current Assets VS Current LiabilitesTLX.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 122.56% over the past year.
The Earnings Per Share has been growing by 17.42% on average over the past years. This is quite good.
TLX shows a small growth in Revenue. In the last year, the Revenue has grown by 7.40%.
TLX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.84% yearly.
EPS 1Y (TTM)122.56%
EPS 3Y34.29%
EPS 5Y17.42%
EPS Q2Q%29.31%
Revenue 1Y (TTM)7.4%
Revenue growth 3Y3.2%
Revenue growth 5Y4.84%
Sales Q2Q%9.18%

3.2 Future

Based on estimates for the next years, TLX will show a small growth in Earnings Per Share. The EPS will grow by 7.89% on average per year.
TLX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.04% yearly.
EPS Next Y24.15%
EPS Next 2Y17.17%
EPS Next 3Y13.4%
EPS Next 5Y7.89%
Revenue Next Year10.88%
Revenue Next 2Y8.72%
Revenue Next 3Y7.67%
Revenue Next 5Y10.04%

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.
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.
TLX.DE Yearly Revenue VS EstimatesTLX.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20B 40B 60B 80B 100B
TLX.DE Yearly EPS VS EstimatesTLX.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2 4 6 8 10

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 13.10 indicates a correct valuation of TLX.
TLX's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 28.47, TLX is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.57, the valuation of TLX can be described as very reasonable.
TLX's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 92.74, TLX is valued rather cheaply.
Industry RankSector Rank
PE 13.1
Fwd PE 9.57
TLX.DE Price Earnings VS Forward Price EarningsTLX.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, TLX is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 2.73
EV/EBITDA N/A
TLX.DE Per share dataTLX.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

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.
A more expensive valuation may be justified as TLX's earnings are expected to grow with 13.40% in the coming years.
PEG (NY)0.54
PEG (5Y)0.75
EPS Next 2Y17.17%
EPS Next 3Y13.4%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.28%, TLX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.01, TLX is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.28, TLX pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.28%

5.2 History

The dividend of TLX has a limited annual growth rate of 4.80%.
Dividend Growth(5Y)4.8%
Div Incr Years2
Div Non Decr Years5
TLX.DE Yearly Dividends per shareTLX.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 0.5 1 1.5

5.3 Sustainability

TLX pays out 71.85% of its income as dividend. This is not a sustainable payout ratio.
TLX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP71.85%
EPS Next 2Y17.17%
EPS Next 3Y13.4%
TLX.DE Yearly Income VS Free CF VS DividendTLX.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B
TLX.DE Dividend Payout.TLX.DE Dividend Payout, showing the Payout Ratio.TLX.DE Dividend Payout.PayoutRetained Earnings

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TALANX AG

FRA:TLX (2/5/2025, 10:27:15 AM)

81.35

0 (0%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)11-14 2024-11-14
Earnings (Next)N/A N/A
Inst Owners8.36%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap21.01B
Analysts70.91
Price Target88.49 (8.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.28%
Yearly Dividend3.67
Dividend Growth(5Y)4.8%
DP71.85%
Div Incr Years2
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.18%
PT rev (3m)14.33%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)3.28%
EPS NY rev (3m)5.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)4.76%
Revenue NY rev (3m)1.63%
Valuation
Industry RankSector Rank
PE 13.1
Fwd PE 9.57
P/S 0.5
P/FCF 2.73
P/OCF 2.73
P/B 1.9
P/tB 2.44
EV/EBITDA N/A
EPS(TTM)6.21
EY7.63%
EPS(NY)8.5
Fwd EY10.45%
FCF(TTM)29.81
FCFY36.64%
OCF(TTM)29.81
OCFY36.64%
SpS163.87
BVpS42.74
TBVpS33.4
PEG (NY)0.54
PEG (5Y)0.75
Profitability
Industry RankSector Rank
ROA 0.91%
ROE 14.33%
ROCE 2.26%
ROIC 1.78%
ROICexc 1.83%
ROICexgc 2.2%
OM 9%
PM (TTM) 3.74%
GM N/A
FCFM 18.19%
ROA(3y)0.63%
ROA(5y)0.55%
ROE(3y)10.9%
ROE(5y)9.61%
ROIC(3y)1.55%
ROIC(5y)1.3%
ROICexc(3y)1.59%
ROICexc(5y)1.33%
ROICexgc(3y)1.89%
ROICexgc(5y)1.6%
ROCE(3y)1.95%
ROCE(5y)1.64%
ROICexcg growth 3Y34.99%
ROICexcg growth 5Y11.49%
ROICexc growth 3Y36.46%
ROICexc growth 5Y12.85%
OM growth 3Y29%
OM growth 5Y8.49%
PM growth 3Y30.44%
PM growth 5Y12.17%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 1.12
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 6.73
Cash Conversion N/A
Profit Quality 486.91%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC6.36%
ROIC/WACC0.28
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)764.44%
Profit Quality(5y)789.44%
High Growth Momentum
Growth
EPS 1Y (TTM)122.56%
EPS 3Y34.29%
EPS 5Y17.42%
EPS Q2Q%29.31%
EPS Next Y24.15%
EPS Next 2Y17.17%
EPS Next 3Y13.4%
EPS Next 5Y7.89%
Revenue 1Y (TTM)7.4%
Revenue growth 3Y3.2%
Revenue growth 5Y4.84%
Sales Q2Q%9.18%
Revenue Next Year10.88%
Revenue Next 2Y8.72%
Revenue Next 3Y7.67%
Revenue Next 5Y10.04%
EBIT growth 1Y6.69%
EBIT growth 3Y33.14%
EBIT growth 5Y13.74%
EBIT Next Year27.23%
EBIT Next 3Y14.59%
EBIT Next 5YN/A
FCF growth 1Y7.86%
FCF growth 3Y10.88%
FCF growth 5Y17.11%
OCF growth 1Y8.01%
OCF growth 3Y9.92%
OCF growth 5Y16.19%