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VIG

Vienna Insurance Group WBAG:VIG Stock Report

Last Price

€22.00

Market Cap

€2.8b

7D

-2.2%

1Y

-5.0%

Updated

29 Jun, 2022

Data

Company Financials +
VIG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance5/6
Financial Health5/6
Dividends5/6

VIG Stock Overview

Vienna Insurance Group AG, together with its subsidiaries, provides various insurance products and services in life, health, and property and casualty areas in Central and Eastern Europe.

Vienna Insurance Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Vienna Insurance Group
Historical stock prices
Current Share Price€22.00
52 Week High€27.10
52 Week Low€20.00
Beta1.08
1 Month Change-3.51%
3 Month Change-6.18%
1 Year Change-4.97%
3 Year Change-4.97%
5 Year Change-13.35%
Change since IPO-48.67%

Recent News & Updates

Mar 14
Vienna Insurance Group (VIE:VIG) Will Pay A Larger Dividend Than Last Year At €1.25

Vienna Insurance Group (VIE:VIG) Will Pay A Larger Dividend Than Last Year At €1.25

Vienna Insurance Group AG ( VIE:VIG ) has announced that it will be increasing its dividend on the 25th of May to...

Shareholder Returns

VIGAT InsuranceAT Market
7D-2.2%1.0%-0.7%
1Y-5.0%-5.4%-5.9%

Return vs Industry: VIG matched the Austrian Insurance industry which returned -5.6% over the past year.

Return vs Market: VIG matched the Austrian Market which returned -5.5% over the past year.

Price Volatility

Is VIG's price volatile compared to industry and market?
VIG volatility
VIG Average Weekly Movement3.3%
Insurance Industry Average Movement4.0%
Market Average Movement4.8%
10% most volatile stocks in AT Market7.3%
10% least volatile stocks in AT Market2.6%

Stable Share Price: VIG is less volatile than 75% of Austrian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: VIG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
182425,000Elisabeth Stadlerhttps://www.vig.com

Vienna Insurance Group AG, together with its subsidiaries, provides various insurance products and services in life, health, and property and casualty areas in Central and Eastern Europe. The company provides motor own damage, rail vehicle own damage, aircraft own damage, transport, fire and natural hazards, third party liability, carrier, aircraft liability, general liability, credit, guarantee, legal expenses, assistance, marine, aviation, and travel health insurance products, as well as sea, lake, and river shipping own damage insurance. It also offers reinsurance products and services.

Vienna Insurance Group Fundamentals Summary

How do Vienna Insurance Group's earnings and revenue compare to its market cap?
VIG fundamental statistics
Market Cap€2.82b
Earnings (TTM)€368.03m
Revenue (TTM)€10.80b

7.7x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VIG income statement (TTM)
Revenue€10.80b
Cost of Revenue€9.51b
Gross Profit€1.29b
Other Expenses€922.18m
Earnings€368.03m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 18, 2022

Earnings per share (EPS)2.88
Gross Margin11.95%
Net Profit Margin3.41%
Debt/Equity Ratio28.0%

How did VIG perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

43%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is VIG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VIG?

Other financial metrics that can be useful for relative valuation.

VIG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA2.2x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does VIG's PE Ratio compare to its peers?

VIG PE Ratio vs Peers
The above table shows the PE ratio for VIG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.8x
UQA UNIQA Insurance Group
6.3x1.0%€2.1b
GCO Grupo Catalana Occidente
7.7x1.2%€3.5b
UNI Unipol Gruppo
5x0.5%€3.1b
PSSA3 Porto Seguro
8.1x13.3%R$11.6b
VIG Vienna Insurance Group
7.7x6.4%€2.8b

Price-To-Earnings vs Peers: VIG is expensive based on its Price-To-Earnings Ratio (7.7x) compared to the peer average (6.8x).


Price to Earnings Ratio vs Industry

How does VIG's PE Ratio compare vs other companies in the European Insurance Industry?

Price-To-Earnings vs Industry: VIG is good value based on its Price-To-Earnings Ratio (7.7x) compared to the European Insurance industry average (10.2x)


Price to Earnings Ratio vs Fair Ratio

What is VIG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VIG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VIG's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of VIG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VIG (€22) is trading below our estimate of fair value (€60.93)

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


Price to Earnings Growth Ratio

PEG Ratio: VIG is poor value based on its PEG Ratio (1.2x)


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Future Growth

How is Vienna Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VIG's forecast earnings growth (6.4% per year) is above the savings rate (0.2%).

Earnings vs Market: VIG's earnings (6.4% per year) are forecast to grow faster than the Austrian market (5.6% per year).

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

Revenue vs Market: Insufficient data to determine if VIG's revenue is forecast to grow faster than the Austrian market.

High Growth Revenue: Insufficient data to determine if VIG's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VIG's Return on Equity is forecast to be low in 3 years time (7.2%).


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Past Performance

How has Vienna Insurance Group performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: VIG has high quality earnings.

Growing Profit Margin: VIG's current net profit margins (3.4%) are higher than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: VIG's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: VIG's earnings growth over the past year (50.5%) exceeds its 5-year average (3.8% per year).

Earnings vs Industry: VIG earnings growth over the past year (50.5%) exceeded the Insurance industry 13.6%.


Return on Equity

High ROE: VIG's Return on Equity (7.3%) is considered low.


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Financial Health

How is Vienna Insurance Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: VIG's short term assets (€6.7B) exceed its short term liabilities (€222.0M).

Long Term Liabilities: VIG's short term assets (€6.7B) do not cover its long term liabilities (€45.6B).


Debt to Equity History and Analysis

Debt Level: VIG has more cash than its total debt.

Reducing Debt: VIG's debt to equity ratio has reduced from 38.6% to 28% over the past 5 years.

Debt Coverage: VIG's debt is well covered by operating cash flow (35.7%).

Interest Coverage: VIG's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


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Dividend

What is Vienna Insurance Group current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.68%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: VIG's dividend (5.68%) is higher than the bottom 25% of dividend payers in the Austrian market (1.87%).

High Dividend: VIG's dividend (5.68%) is in the top 25% of dividend payers in the Austrian market (5.03%)


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.5%), VIG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (41.7%), VIG's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

4.1yrs

Average management tenure


CEO

Elisabeth Stadler (60 yo)

6.42yrs

Tenure

€2,148,000

Compensation

Prof. Elisabeth Stadler serves as Chairwoman of the Supervisory Board at InterRisk Versicherungs-AG since July 1, 2018. Prof. Elisabeth Stadler serves as Chairwoman of the Supervisory Board at InterRisk Le...


CEO Compensation Analysis

Compensation vs Market: Elisabeth's total compensation ($USD2.25M) is about average for companies of similar size in the Austrian market ($USD2.07M).

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


Leadership Team

Experienced Management: VIG's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: VIG's board of directors are considered experienced (5.3 years average tenure).


Ownership

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

Vienna Insurance Group AG's employee growth, exchange listings and data sources


Key Information

  • Name: Vienna Insurance Group AG
  • Ticker: VIG
  • Exchange: WBAG
  • Founded: 1824
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Implied Market Cap: €2.816b
  • Shares outstanding: 128.00m
  • Website: https://www.vig.com

Number of Employees


Location

  • Vienna Insurance Group AG
  • Schottenring 30
  • Vienna
  • Vienna
  • 1010
  • Austria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.