WBAG:MAP

Stock Analysis Report

Executive Summary

Mapfre, S.A., engages in the insurance and reinsurance activities worldwide.

Snowflake

Moderate growth potential second-rate dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MAP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.1%

MAP

-0.6%

AT Insurance

-1.6%

AT Market


1 Year Return

-0.8%

MAP

11.1%

AT Insurance

2.8%

AT Market

Return vs Industry: MAP underperformed the Austrian Insurance industry which returned 11.1% over the past year.

Return vs Market: MAP underperformed the Austrian Market which returned 2.8% over the past year.


Shareholder returns

MAPIndustryMarket
7 Day-1.1%-0.6%-1.6%
30 Day-1.2%0.7%2.1%
90 Day6.7%8.5%4.7%
1 Year3.9%-0.8%18.4%11.1%6.6%2.8%
3 Yearn/a45.6%24.3%44.7%31.6%
5 Yearn/a61.3%23.7%63.3%40.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

30.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MAP (€2.52) is trading below our estimate of fair value (€3.64)

Significantly Below Fair Value: MAP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MAP is poor value based on its PE Ratio (16.6x) compared to the Insurance industry average (11.9x).

PE vs Market: MAP is poor value based on its PE Ratio (16.6x) compared to the Austrian market (14.3x).


Price to Earnings Growth Ratio

PEG Ratio: MAP is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: MAP is good value based on its PB Ratio (0.8x) compared to the XE Insurance industry average (1.2x).


Next Steps

Future Growth

How is Mapfre forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

9.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAP's forecast earnings growth (9.8% per year) is above the savings rate (0.5%).

Earnings vs Market: MAP's earnings (9.8% per year) are forecast to grow faster than the Austrian market (8.5% per year).

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

Revenue vs Market: MAP's revenue (2.9% per year) is forecast to grow faster than the Austrian market (2.7% per year).

High Growth Revenue: MAP's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAP's Return on Equity is forecast to be low in 3 years time (9.1%).


Next Steps

Past Performance

How has Mapfre performed over the past 5 years?

-4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAP has high quality earnings.

Growing Profit Margin: MAP's current net profit margins (2.1%) are lower than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: MAP's earnings have declined by -4.7% per year over the past 5 years.

Accelerating Growth: MAP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MAP had negative earnings growth (-41%) over the past year, making it difficult to compare to the Insurance industry average (8.3%).


Return on Equity

High ROE: MAP's Return on Equity (7.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Mapfre'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: MAP has a low level of unsold assets or inventory.

Debt Coverage by Assets: MAP's debt is covered by short term assets (assets are 8.5x debt).


Financial Institutions Analysis

Asset Level: MAP's level of assets compared to its equity is low.

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

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

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

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

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


Next Steps

Dividend

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

5.76%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Mapfre before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company5.8%marketbottom25%1.7%markettop25%4.3%industryaverage4.8%forecastin3Years6.5%

Current dividend yield vs market & industry

Notable Dividend: MAP's dividend (5.76%) is higher than the bottom 25% of dividend payers in the Austrian market (1.69%).

High Dividend: MAP's dividend (5.76%) is in the top 25% of dividend payers in the Austrian market (4.28%)


Stability and Growth of Payments

Stable Dividend: MAP's dividend payments have been volatile in the past 10 years.

Growing Dividend: MAP's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (95.9%), MAP's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MAP's dividends in 3 years are forecast to be covered by earnings (59.9% payout ratio).


Next Steps

Management

What is the CEO of Mapfre's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average management tenure


CEO

Antonio Huertas Mejías (55yo)

7.7yrs

Tenure

€2,674,000

Compensation

Mr. Antonio Huertas Mejías serves as Chairman and CEO of MAPFRE SA (“MAPFRE”). Mr. Mejías serves as President of Fundación MAPFRE. His Other positions include: President of the Board of Trustees of Fundaci ...


CEO Compensation Analysis

Compensation vs Market: Antonio's total compensation ($USD2.96M) is above average for companies of similar size in the Austrian market ($USD2.17M).

Compensation vs Earnings: Antonio's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.0yrs

Average Tenure

55yo

Average Age

Experienced Management: MAP's management team is considered experienced (4 years average tenure).


Board Age and Tenure

3.1yrs

Average Tenure

57.5yo

Average Age

Experienced Board: MAP's board of directors are considered experienced (3.1 years average tenure).


Insider Trading

Insider Buying: MAP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€1,02101 Oct 19
Rosa García García
EntityIndividual
Shares415
Max Price€2.46
Buy€200,70007 Aug 19
Antonio Huertas Mejías
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares45,000
Max Price€4.46
Buy€155,70005 Aug 19
Antonio Huertas Mejías
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares45,000
Max Price€3.46
Buy€2,342,52709 May 19
Luis Hernando De Larramendi Martínez
EntityIndividual
Shares885,000
Max Price€2.65
Buy€25,03125 Feb 19
Antonio Huertas Mejías
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares10,175
Max Price€2.46

Ownership Breakdown

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


Management Team

  • Antonio Huertas Mejías (55yo)

    Chairman & CEO

    • Tenure: 7.7yrs
    • Compensation: €2.67m
  • Ángel Luis Dávila Bermejo (56yo)

    GM of Legal Affairs & Secretary General

    • Tenure: 10.8yrs
  • Alfredo Castelo Marín

    Member of Executive Committee & CEO of the North America Region

    • Tenure: 2.8yrs
  • Francisco José Marco Orenes (62yo)

    Group Chief Business Support Officer & Director

    • Tenure: 2.7yrs
    • Compensation: €771.00k
  • Jesús Martínez Castellanos (54yo)

    Chief Executive Officer of LATAM NORTH Regional Area

    • Tenure: 3.9yrs
  • José Luís Jiménez Guajardo-Fajardo (51yo)

    Group Chief Investment Officer

    • Tenure: 4.2yrs
  • José Manuel Inchausti Pérez (55yo)

    Third Vice Chairman & CEO of Iberia Regional Area

    • Tenure: 1.3yrs
  • Fernando Mata Verdejo (58yo)

    Group CFO & Director

    • Tenure: 2.8yrs
    • Compensation: €866.00k
  • Maria Sanz Isla (49yo)

    Member of Executive Committee & Group Chief People Officer

    • Tenure: 0yrs
  • Natalia Núñez Arana

    Deputy Director Capital Markets & Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • José Antonio Colomer Guiu (67yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: €252.00k
  • José Manuel Martínez Martínez

    Honorary Chairman

    • Tenure: 0yrs
  • Ignacio Baeza Gómez (57yo)

    First Vice Chairman of the Board

    • Tenure: 7.8yrs
    • Compensation: €1.59m
  • Antonio Huertas Mejías (55yo)

    Chairman & CEO

    • Tenure: 7.7yrs
    • Compensation: €2.67m
  • Julio Castelo Matrán

    Honorary Chairman

    • Tenure: 0yrs
  • Francisco José Marco Orenes (62yo)

    Group Chief Business Support Officer & Director

    • Tenure: 2.7yrs
    • Compensation: €771.00k
  • Catalina Miñarro Brugarolas (56yo)

    Second Vice-Chairwoman of the Board

    • Tenure: 2.8yrs
    • Compensation: €302.00k
  • José Manuel Inchausti Pérez (55yo)

    Third Vice Chairman & CEO of Iberia Regional Area

    • Tenure: 1.3yrs
  • Fernando Mata Verdejo (58yo)

    Group CFO & Director

    • Tenure: 2.8yrs
    • Compensation: €866.00k
  • Ana Isabel Fernández Álvarez (60yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: €193.00k

Company Information

Mapfre, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mapfre, S.A.
  • Ticker: MAP
  • Exchange: WBAG
  • Founded: 1933
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €7.684b
  • Shares outstanding: 3.05b
  • Website: https://www.mapfre.com

Number of Employees


Location

  • Mapfre, S.A.
  • Carretera de Pozuelo
  • Majadahonda
  • Madrid
  • 28222
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MAPBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJan 1980
CMABDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1980
0NQ2LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1980
MPFR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1980
MAPEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1980
MAPWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1980
MPFR.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008

Biography

Mapfre, S.A., engages in the insurance and reinsurance activities worldwide. It offers life, health, accidents, savings and investment, retirement, burial, travel and lifestyle insurance; and homeowners, a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/18 21:49
End of Day Share Price2019/11/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.