New Risk • Jul 26
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Declared Dividend • May 20
Dividend of €0.089 announced Shareholders will receive a dividend of €0.089. Ex-date: 26th May 2026 Payment date: 28th May 2026 Dividend yield will be 3.5%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • May 20
Upcoming dividend of €0.089 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (4.5%). Aankondiging • Mar 12
Mapfre, S.A. to Report Nine Months, 2026 Results on Oct 28, 2026 Mapfre, S.A. announced that they will report nine months, 2026 results on Oct 28, 2026 Aankondiging • Feb 13
Mapfre, S.A., Annual General Meeting, Mar 13, 2026 Mapfre, S.A., Annual General Meeting, Mar 13, 2026. Location: palacio municipal de congresos, campo de las naciones, avenida de la capital de espana sn, madrid Spain Aankondiging • Feb 13
Mapfre, S.A., Annual General Meeting, Mar 14, 2025 Mapfre, S.A., Annual General Meeting, Mar 14, 2025. Location: palacio municipal de congresos, campo de las naciones, avenida de la capital de espana sn, madrid Spain Aankondiging • Feb 12
Mapfre, S.A. to Report Q1, 2025 Results on Apr 25, 2025 Mapfre, S.A. announced that they will report Q1, 2025 results on Apr 25, 2025 Declared Dividend • Nov 04
Dividend of €0.053 announced Shareholders will receive a dividend of €0.053. Ex-date: 27th November 2024 Payment date: 29th November 2024 Dividend yield will be 4.8%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 29
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.063. Net income: €192.0m (up 2.0% from 3Q 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Jul 28
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €8.53b (down 3.5% from 2Q 2023). Net income: €277.7m (up 61% from 2Q 2023). Profit margin: 3.3% (up from 2.0% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Insurance industry in Europe. Aankondiging • May 24
Mapfre, S.A. to Report Q3, 2024 Results on Oct 29, 2024 Mapfre, S.A. announced that they will report Q3, 2024 results on Oct 29, 2024 Upcoming Dividend • May 15
Upcoming dividend of €0.073 per share Eligible shareholders must have bought the stock before 22 May 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.2%). Declared Dividend • Apr 29
Dividend of €0.073 announced Shareholders will receive a dividend of €0.073. Ex-date: 22nd May 2024 Payment date: 24th May 2024 Dividend yield will be 5.2%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 19
Full year 2023 earnings released: EPS: €0.22 (vs €0.18 in FY 2022) Full year 2023 results: EPS: €0.22 (up from €0.18 in FY 2022). Revenue: €26.9b (up 6.6% from FY 2022). Net income: €677.2m (up 20% from FY 2022). Profit margin: 2.5% (up from 2.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Declared Dividend • Feb 16
Dividend of €0.073 announced Shareholders will receive a dividend of €0.073. Ex-date: 28th November 2024 Payment date: 1st January 1970 Dividend yield will be 3.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Feb 15
Mapfre, S.A., Annual General Meeting, Mar 15, 2024 Mapfre, S.A., Annual General Meeting, Mar 15, 2024, at 11:30 Central European Standard Time. Location: The Palacio Municipal de Congresos del Campo de las Naciones, (Avenida de la Capital de España), Madrid Spain Agenda: To consider Annual Financial Statements, distribution of the result, and corporate management; to consider Appointment, re-election and ratification, where appropriate, of board directors; to consider Re-election and Appointment of Auditors; to consider Remuneration of board directors; to consider Authorization and delegation of powers for the interpretation, correction, supplementation, execution, and development of the resolutions adopted by the Annual General Meeting; and to consider Delegation of powers to execute and record as a public deed the resolutions passed at the Annual General Meeting. Aankondiging • Jan 16
Mapfre, S.A. to Report Fiscal Year 2023 Results on Feb 14, 2024 Mapfre, S.A. announced that they will report fiscal year 2023 results on Feb 14, 2024 Upcoming Dividend • Nov 21
Upcoming dividend of €0.049 per share at 7.1% yield Eligible shareholders must have bought the stock before 28 November 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 68% and the cash payout ratio is 77%. Trailing yield: 7.1%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (4.0%). Reported Earnings • Jul 30
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €6.95b (up 37% from 2Q 2022). Net income: €172.6m (down 5.7% from 2Q 2022). Profit margin: 2.5% (down from 3.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Aankondiging • Jul 28
Mapfre, S.A. (BME:MAP) entered into an agreement to acquire 94% stake in Insignia Life S.A. de C.V. for MXN 1.6 billion. Mapfre, S.A. (BME:MAP) entered into an agreement to acquire 94% stake in Insignia Life S.A. de C.V. for MXN 1.6 billion on July 27, 2023. An additional variable price has also been agreed, which be paid in line with the achievement of objectives. As part of the agreement, Insignia Life will continue operating as an independent brand. The company’s current management team, led by its president, Isaac Zetune, and general manager, Antonio Fernández, will continue to run the company in this new stage. These executives will also continue to hold 6% of the shares of Insignia Life. Completion of the transaction is subject to authorization by the corresponding regulators of the Mexican market. Aankondiging • Jun 29
Mapfre, S.A. to Report Q2, 2023 Results on Jul 28, 2023 Mapfre, S.A. announced that they will report Q2, 2023 results on Jul 28, 2023 Upcoming Dividend • May 15
Upcoming dividend of €0.069 per share at 7.8% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 7.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.5%). Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: €0.21 (vs €0.25 in FY 2021) Full year 2022 results: EPS: €0.21 (down from €0.25 in FY 2021). Revenue: €24.1b (up 21% from FY 2021). Net income: €642.1m (down 16% from FY 2021). Profit margin: 2.7% (down from 3.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Aankondiging • Dec 16
Mapfre, S.A. to Report Fiscal Year 2022 Results on Feb 09, 2023 Mapfre, S.A. announced that they will report fiscal year 2022 results on Feb 09, 2023 Upcoming Dividend • Nov 21
Upcoming dividend of €0.049 per share Eligible shareholders must have bought the stock before 28 November 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 7.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.4%). Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: €0.049 (vs €0.05 in 3Q 2021) Third quarter 2022 results: EPS: €0.049 (down from €0.05 in 3Q 2021). Revenue: €5.56b (up 18% from 3Q 2021). Net income: €150.8m (down 6.0% from 3Q 2021). Profit margin: 2.7% (down from 3.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: €0.06 (vs €0.06 in 2Q 2021) Second quarter 2022 results: EPS: €0.06 (vs €0.06 in 2Q 2021). Revenue: €5.06b (flat on 2Q 2021). Net income: €183.1m (down 4.0% from 2Q 2021). Profit margin: 3.6% (down from 3.7% in 2Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 20
Upcoming dividend of €0.069 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 8.2%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (5.0%). Reported Earnings • Feb 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.25 (up from €0.17 in FY 2020). Revenue: €19.8b (up 7.0% from FY 2020). Net income: €765.2m (up 45% from FY 2020). Profit margin: 3.9% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 22%, compared to a 15% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 19
Upcoming dividend of €0.049 per share Eligible shareholders must have bought the stock before 26 November 2021. Payment date: 30 November 2021. Trailing yield: 7.1%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (4.2%). Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS €0.053 (vs €0.06 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €5.39b (up 23% from 3Q 2020). Net income: €160.4m (down 11% from 3Q 2020). Profit margin: 3.0% (down from 4.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jul 27
Second quarter 2021 earnings released: EPS €0.063 (vs €0.051 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €5.54b (up 20% from 2Q 2020). Net income: €190.7m (up 33% from 2Q 2020). Profit margin: 3.4% (up from 3.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • May 13
Upcoming dividend of €0.061 per share Eligible shareholders must have bought the stock before 20 May 2021. Payment date: 24 May 2021. Trailing yield: 6.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.2%). Reported Earnings • May 03
First quarter 2021 earnings released: EPS €0.06 (vs €0.04 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €4.53b (up 1.8% from 1Q 2020). Net income: €173.3m (up 37% from 1Q 2020). Profit margin: 3.8% (up from 2.8% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 23
New 90-day low: €1.51 The company is down 5.0% from its price of €1.59 on 24 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.35 per share. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS €0.17 (vs €0.20 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €21.4b (down 3.1% from FY 2019). Net income: €526.5m (down 14% from FY 2019). Profit margin: 2.5% (down from 2.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Dec 19
New 90-day high: €1.75 The company is up 20% from its price of €1.45 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.56 per share. Upcoming Dividend • Dec 11
Upcoming Dividend of €0.041 Per Share Will be paid on the 22nd of December to those who are registered shareholders by the 18th of December. The trailing yield of 8.6% is in the top quartile of German dividend payers (3.6%), and it is higher than industry peers (4.6%). Is New 90 Day High Low • Dec 02
New 90-day high: €1.68 The company is up 9.0% from its price of €1.55 on 03 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.85 per share. Valuation Update With 7 Day Price Move • Nov 14
Market bids up stock over the past week After last week's 16% share price gain to €1.59, the stock is trading at a trailing P/E ratio of 7.9x, up from the previous P/E ratio of 6.8x. This compares to an average P/E of 11x in the Insurance industry in Germany. Total return to shareholders over the past three years is a loss of 32%. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 17% share price gain to €1.60, the stock is trading at a trailing P/E ratio of 7.8x, up from the previous P/E ratio of 6.7x. This compares to an average P/E of 12x in the Insurance industry in Germany. Total return to shareholders over the past three years is a loss of 31%. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 9.3%, compared to a 16% growth forecast for the Insurance industry in Germany. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS €0.06 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €4.38b (down 17% from 3Q 2019). Net income: €179.8m (up 103% from 3Q 2019). Profit margin: 4.1% (up from 1.7% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 02
Third quarter 2020 earnings released: EPS €0.059 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €5.34b (up 1.1% from 3Q 2019). Net income: €179.8m (up 103% from 3Q 2019). Profit margin: 3.4% (up from 1.7% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Analyst Estimate Surprise Post Earnings • Nov 02
Revenue beats expectations Revenue exceeded analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 6.1%, compared to a 15% growth forecast for the Insurance industry in Germany. Is New 90 Day High Low • Oct 29
New 90-day low: €1.24 The company is down 22% from its price of €1.58 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.71 per share. 
