WBAG:VIG

Stock Analysis Report

Vienna Insurance Group

Executive Summary

Vienna Insurance Group AG provides various insurance products and services.


Snowflake Analysis

Undervalued with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Vienna Insurance Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

4.9%

VIG

13.9%

AT Insurance

2.7%

AT Market


1 Year Return

-28.3%

VIG

-23.3%

AT Insurance

-30.4%

AT Market

Return vs Industry: VIG underperformed the Austrian Insurance industry which returned -23.3% over the past year.

Return vs Market: VIG exceeded the Austrian Market which returned -30.4% over the past year.


Shareholder returns

VIGIndustryMarket
7 Day4.9%13.9%2.7%
30 Day-26.9%-23.6%-25.8%
90 Day-36.2%-30.1%-34.1%
1 Year-25.0%-28.3%-18.4%-23.3%-28.0%-30.4%
3 Year-19.0%-27.6%-5.3%-18.8%-16.1%-23.6%
5 Year-52.8%-60.9%0.5%-22.6%1.0%-13.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Vienna Insurance Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VIG (€16.42) is trading below our estimate of fair value (€47.01)

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


Price To Earnings Ratio

PE vs Industry: VIG is good value based on its PE Ratio (6.3x) compared to the Insurance industry average (8.8x).

PE vs Market: VIG is good value based on its PE Ratio (6.3x) compared to the Austrian market (11.4x).


Price to Earnings Growth Ratio

PEG Ratio: VIG is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: VIG is good value based on its PB Ratio (0.4x) compared to the XE Insurance industry average (0.9x).


Next Steps

Future Growth

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

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VIG's forecast earnings growth (3.5% per year) is above the savings rate (-0.1%).

Earnings vs Market: VIG's earnings (3.5% per year) are forecast to grow slower than the Austrian market (10.2% per year).

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

Revenue vs Market: VIG's revenue is expected to decline over the next 3 years (-1.1% per year).

High Growth Revenue: VIG's revenue is forecast to decline over the next 3 years (-1.1% 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 (6.5%).


Next Steps

Past Performance

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

12.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VIG has high quality earnings.

Growing Profit Margin: VIG's current net profit margins (3.1%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: VIG's earnings have grown by 12.1% per year over the past 5 years.

Accelerating Growth: VIG's earnings growth over the past year (27.1%) exceeds its 5-year average (12.1% per year).

Earnings vs Industry: VIG earnings growth over the past year (27.1%) exceeded the Insurance industry 9.6%.


Return on Equity

High ROE: VIG's Return on Equity (8%) is considered low.


Next Steps

Financial Health

How is Vienna Insurance Group'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: VIG has a low level of unsold assets or inventory.

Debt Coverage by Assets: VIG's debt is covered by short term assets (assets are 4x debt).


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

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

7.00%

Current Dividend Yield


Upcoming Dividend Payment

TodayMar 29 2020Ex Dividend DateMay 18 2020Dividend Pay DateMay 20 20202 days from Ex DividendBuy in the next 50 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: VIG's dividend (7%) is higher than the bottom 25% of dividend payers in the Austrian market (1.95%).

High Dividend: VIG's dividend (7%) is in the top 25% of dividend payers in the Austrian market (6.66%)


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.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.4%), VIG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VIG's dividends in 3 years are forecast to be well covered by earnings (44.1% payout ratio).


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Elisabeth Stadler (58yo)

4.17s

Tenure

€1,274,000

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 ($USD1.41M) is about average for companies of similar size in the Austrian market ($USD1.94M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Elisabeth Stadler
Chairwoman of the Managing Board4.17yrs€1.27mno data
Liane Hirner
Member of the Managing Board & CFO1.67yrs€529.14kno data
Franz Fuchs
Deputy GM & Member of the Managing Board10.42yrs€818.00kno data
Peter Höfinger
Member of the Managing Board11.17yrs€818.00kno data
Peter Thirring
Member of the Managing Board1.67yrs€543.00kno data
Gábor Lehel
Member of Managing Boardno datano datano data
Gerhard Lahner
Member of the Managing Boardno datano datano data
Harald Riener
Member of the Managing Boardno datano datano data
Nina Higatzberger
Head of Investor Relationsno datano datano data
Natalia Cadek
Group Compliance Officer4.83yrsno datano data

4.5yrs

Average Tenure

50.5yo

Average Age

Experienced Management: VIG's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Martina Dobringer
Supervisory Board Member8.83yrsno datano data
Günter Geyer
Chairman of Supervisory Board5.75yrsno datano data
Rudolf Ertl
First Supervisory Board Vice Chairman2.83yrsno datano data
Heinz Öhler
Supervisory Board Member18.17yrsno datano data
Georg Riedl
Supervisory Board Member5.75yrsno datano data
Gertrude Tumpel-Gugerell
Member of the Supervisory Board7.83yrsno datano data
Gerhard Fabisch
Supervisory Board Member2.83yrsno datano data
Maria Kubitschek
Second Deputy Chairman of the Supervisory Board3.17yrsno datano data
Gabriele Semmelrock-Werzer
Supervisory Board Member6.17yrsno datano data
Peter Mihók
Member of Supervisory Board0.83yrno datano data

5.8yrs

Average Tenure

69yo

Average Age

Experienced Board: VIG's board of directors are considered experienced (5.8 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 company bio, 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
  • Market Cap: €2.102b
  • Shares outstanding: 128.00m
  • Website: https://www.vig.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VIGWBAG (Wiener Boerse AG)YesOrdinary Bearer SharesATEURJun 2005
WSV2DB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURJun 2005
0MZXLSE (London Stock Exchange)YesOrdinary Bearer SharesGBEURJun 2005
VIGSEP (The Stock Exchange Prague Co. Ltd.)YesOrdinary Bearer SharesCZCZKJun 2005
VNRG.FOTCPK (Pink Sheets LLC)YesOrdinary Bearer SharesUSUSDJun 2005
WSV2XTRA (XETRA Trading Platform)YesOrdinary Bearer SharesDEEURJun 2005
VIGVBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Bearer SharesGBEURJun 2005
VNRF.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDOct 2008

Biography

Vienna Insurance Group AG provides various insurance products and services. The company offers motor own damage, motor third party liability, other property and casualty, life, and health insurance. It operates in Austria, the Czech Republic, Slovakia, Poland, Romania, the Baltic states, Hungary, Bulgaria, Turkey/Georgie, Albania, Kosovo, Bosnia-Herzegovina, Croatia, Macedonia, Moldova, Serbia, Ukraine, Germany, and Liechtenstein. The company was founded in 1824 and is based in Vienna, Austria. Vienna Insurance Group AG operates as a subsidiary of Wiener Stadtische Wechselseitiger Versicherungsverein - Vermögensverwaltung - Vienna Insurance Group 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 21:00
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
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.