Stock Analysis Report

Executive Summary

Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide.

Snowflake Analysis

Undervalued established dividend payer.

Similar Companies

Share Price & News

How has Allianz's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: ALV's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




AT Insurance


AT Market

1 Year Return




AT Insurance


AT Market

Return vs Industry: ALV matched the Austrian Insurance industry which returned -20.5% over the past year.

Return vs Market: ALV exceeded the Austrian Market which returned -28.3% over the past year.

Shareholder returns

7 Day27.9%13.8%2.7%
30 Day-27.2%-26.7%-28.0%
90 Day-28.9%-30.1%-34.1%
1 Year-17.1%-20.7%-18.4%-23.3%-28.0%-30.4%
3 Yearn/a-5.3%-18.8%-16.1%-23.6%
5 Yearn/a0.5%-22.5%1.0%-13.2%

Price Volatility Vs. Market

How volatile is Allianz's share price compared to the market and industry in the last 5 years?

Simply Wall St News

No news available


Is Allianz undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ALV (€156.9) is trading below our estimate of fair value (€467.58)

Significantly Below Fair Value: ALV is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: ALV is good value based on its PE Ratio (8.4x) compared to the Insurance industry average (9x).

PE vs Market: ALV is good value based on its PE Ratio (8.4x) compared to the Austrian market (11.7x).

Price to Earnings Growth Ratio

PEG Ratio: ALV is poor value based on its PEG Ratio (1.9x)

Price to Book Ratio

PB vs Industry: ALV is good value based on its PB Ratio (0.9x) compared to the XE Insurance industry average (0.9x).

Next Steps

Future Growth

How is Allianz forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALV's forecast earnings growth (4.3% per year) is above the savings rate (-0.1%).

Earnings vs Market: ALV's earnings (4.3% per year) are forecast to grow slower than the Austrian market (11.3% per year).

High Growth Earnings: ALV's earnings are forecast to grow, but not significantly.

Revenue vs Market: ALV's revenue (9.9% per year) is forecast to grow faster than the Austrian market (2% per year).

High Growth Revenue: ALV's revenue (9.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALV's Return on Equity is forecast to be low in 3 years time (12.2%).

Next Steps

Past Performance

How has Allianz performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALV has high quality earnings.

Growing Profit Margin: ALV's current net profit margins (7%) are lower than last year (7.3%).

Past Earnings Growth Analysis

Earnings Trend: ALV's earnings have grown by 4.2% per year over the past 5 years.

Accelerating Growth: ALV's earnings growth over the past year (6.1%) exceeds its 5-year average (4.2% per year).

Earnings vs Industry: ALV earnings growth over the past year (6.1%) underperformed the Insurance industry 9.5%.

Return on Equity

High ROE: ALV's Return on Equity (10.7%) is considered low.

Next Steps

Financial Health

How is Allianz's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Inventory Level: ALV has a low level of unsold assets or inventory.

Debt Coverage by Assets: ALV's debt is covered by short term assets (assets are 2.4x debt).

Financial Institutions Analysis

Asset Level: ALV's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if ALV has a sufficient allowance for bad loans.

Low Risk Liabilities: ALV reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if ALV has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ALV has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if ALV has an appropriate level of bad loans.

Next Steps


What is Allianz's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Upcoming Dividend Payment

TodayMar 28 2020Ex Dividend DateMay 07 2020Dividend Pay DateMay 11 20204 days from Ex DividendBuy in the next 40 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ALV's dividend (6.08%) is higher than the bottom 25% of dividend payers in the Austrian market (1.89%).

High Dividend: ALV's dividend (6.08%) is low compared to the top 25% of dividend payers in the Austrian market (6.58%).

Stability and Growth of Payments

Stable Dividend: ALV's dividends per share have been stable in the past 10 years.

Growing Dividend: ALV's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.8%), ALV's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: ALV's dividends in 3 years are forecast to be well covered by earnings (49.6% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Allianz has no CEO, or we have no data on them.

Leadership Team

Axel Theis
Member of the Board of Managementno data€4.09m0.00040% 262.1k
Christof Mascher
COO & Member of Management Board10.5yrs€3.65m0.00040% 262.1k
Sergio Balbinot
Member of Management Board5.17yrs€3.95m0.00040% 262.1k
Niran Peiris
Member of the Board of Management2.17yrs€3.77m0.00040% 262.1k
Jacqueline Hunt
Member of Management Board3.67yrs€3.79m0.00040% 262.1k
Günther Thallinger
Member of Management Board3.17yrs€3.86m0.00040% 262.1k
Iván de la Sota
Members of the Management Boardno data€2.88mno data
Renate Wagner
Chief Human Resources0.17yrno datano data
Oliver Schmidt
Head of Investor Relationsno datano datano data
Veit Stutz
Head of Business Transformation1.5yrsno datano data


Average Tenure


Average Age

Experienced Management: ALV's management team is considered experienced (3.2 years average tenure).

Board Members

Franz Humer
Member of International Advisory Board10.17yrs€140.50kno data
Michael Diekmann
Independent Chairman of Supervisory Board2.83yrs€484.00kno data
Paul M. Achleitner
no data€2.02mno data
Christine Bosse
Independent Member of Supervisory Board7.58yrs€156.00kno data
Herbert Hainer
Independent Member of Supervisory Board & Member of Advisory Board14.17yrs€182.00kno data
Jim Snabe
Independent Vice Chairman of Supervisory Board2.83yrs€268.50kno data
Godfrey Hayward
Independent Member of Supervisory Board2.83yrs€156.00kno data
Friedrich Eichiner
Independent Member of Supervisory Board3.83yrs€283.00kno data
Gabriele Burkhardt-Berg
Independent Member of Supervisory Board7.83yrs€202.80kno data
Jürgen Lawrenz
Independent Member of Supervisory Board4.58yrs€181.00kno data


Average Tenure


Average Age

Experienced Board: ALV's board of directors are considered experienced (4.6 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Allianz SE's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Allianz SE
  • Ticker: ALV
  • Exchange: WBAG
  • Founded: 1890
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €65.533b
  • Shares outstanding: 414.87m
  • Website: https://www.allianz.com

Number of Employees


  • Allianz SE
  • Königinstrasse 28
  • Munich
  • Bavaria
  • 80802
  • Germany


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALIZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
0M6SLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
ALVDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
322646SWX (SIX Swiss Exchange)YesOrdinary SharesCHEURJan 1992
ALVBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
ALVXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
ALVDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
ALV NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992
ALVWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
ALLIANZBUSE (Budapest Stock Exchange)YesOrdinary SharesHUHUFJan 1992


Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company’s Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel insurance products to private and corporate customers. Its Life/Health segment provides a range of life and health insurance products on an individual and a group basis, such as annuities, endowment and term insurance, and unit-linked and investment-oriented products, as well as private health, supplemental health, and long-term care insurance products. The company’s Asset Management segment offers institutional and retail asset management products and services to third-party investors comprising equity and fixed income funds, as well as alternative products; and investment management services. Its Corporate and Other segment provides various banking products for corporate and retail clients; and alternative investment management services in the private equity, real estate, renewable energy, and infrastructure sectors. Allianz SE was founded in 1890 and is headquartered in Munich, Germany. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/26 23:55
End of Day Share Price2020/03/26 00:00
Annual Earnings2019/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.