WBAG:VIG

Stock Analysis Report

Vienna Insurance Group

Executive Summary

Vienna Insurance Group AG provides various insurance products and services.

Snowflake

Fundamentals

Good value second-rate dividend payer.


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


Market Performance


7 Day Return

0.2%

VIG

0.7%

AT Insurance

2.2%

AT Market


1 Year Return

1.7%

VIG

12.3%

AT Insurance

1.2%

AT Market

Return vs Industry: VIG underperformed the Austrian Insurance industry which returned 12.3% over the past year.

Return vs Market: VIG exceeded the Austrian Market which returned 1.2% over the past year.


Shareholder returns

VIGIndustryMarket
7 Day0.2%0.7%2.2%
30 Day-4.8%1.6%0.3%
90 Day1.1%0.1%1.3%
1 Year6.4%1.7%19.6%12.3%5.0%1.2%
3 Year44.2%28.8%48.0%26.0%44.3%31.2%
5 Year-22.7%-35.8%68.4%28.9%68.4%44.2%

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?

35.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VIG (€23.7) is trading below our estimate of fair value (€36.75)

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


Price To Earnings Ratio

PE vs Industry: VIG is good value based on its PE Ratio (10.8x) compared to the Insurance industry average (12.4x).

PE vs Market: VIG is good value based on its PE Ratio (10.8x) compared to the Austrian market (14.3x).


Price to Earnings Growth Ratio

PEG Ratio: VIG is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: VIG is good value based on its PB Ratio (0.6x) compared to the XE Insurance industry average (1.2x).


Next Steps

Future Growth

How is Vienna Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

4.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VIG's forecast earnings growth (4.6% per year) is above the savings rate (0.5%).

Earnings vs Market: VIG's earnings (4.6% per year) are forecast to grow slower than the Austrian market (8.5% per year).

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

Revenue vs Market: VIG's revenue (0.1% per year) is forecast to grow slower than the Austrian market (3% per year).

High Growth Revenue: VIG's revenue (0.1% per year) is forecast to grow slower 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 (6.7%).


Next Steps

Past Performance

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

5.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VIG's earnings have grown by 5.3% per year over the past 5 years.

Accelerating Growth: VIG's earnings growth over the past year (1.9%) is below its 5-year average (5.3% per year).

Earnings vs Industry: VIG earnings growth over the past year (1.9%) underperformed the Insurance industry 11%.


Return on Equity

High ROE: VIG's Return on Equity (6.1%) is considered low.


Return on Assets

ROA vs Industry: VIG's Return on Assets is below or equal to the Insurance industry average last year.


Return on Capital Employed

ROCE Improving: VIG has significantly improved its Return on Capital Employed over the past 3 years.


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 1.954410x 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?

4.22%

Current Dividend Yield


Dividend Yield vs Market

company4.2%marketbottom25%1.7%markettop25%4.4%industryaverage4.8%forecastin3Years5.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: VIG's dividend (4.22%) is higher than the bottom 25% of dividend payers in the Austrian market (1.68%).

High Dividend: VIG's dividend (4.22%) is low compared to the top 25% of dividend payers in the Austrian market (4.41%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.6%), 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

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

3.8yrs

Average management tenure


CEO

Elisabeth Stadler (58yo)

3.8yrs

Tenure

€1,274,000

Compensation

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


CEO Compensation Analysis

Compensation vs. Market: Elisabeth's total compensation ($USD1.42M) is below average for companies of similar size in the Austrian market ($USD2.11M).

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


Management Age and Tenure

3.8yrs

Average Tenure

51yo

Average Age

Experienced Management: VIG's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

4.0yrs

Average Tenure

67yo

Average Age

Experienced Board: VIG's board of directors are considered experienced (4 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Franz Fuchs (66yo)

    Deputy GM & Member of the Managing Board

    • Tenure: 10yrs
    • Compensation: €818.00k
  • Peter Höfinger (48yo)

    Member of the Managing Board

    • Tenure: 10.8yrs
    • Compensation: €818.00k
  • Judit Havasi (44yo)

    Member of the Managing Board

    • Tenure: 3.8yrs
    • Compensation: €818.00k
  • Wolfgang Petschko (41yo)

    Head of International Service Group Corporate & Large Risk-Business Underwriting/Claims

    • Tenure: 0yrs
  • Elisabeth Stadler (58yo)

    Chairwoman of the Managing Board

    • Tenure: 3.8yrs
    • Compensation: €1.27m
  • Peter Thirring (62yo)

    Member of the Managing Board

    • Tenure: 1.3yrs
    • Compensation: €543.00k
  • Nina Higatzberger

    Head of Investor Relations

    • Tenure: 0yrs
  • Birgit Moosmann

    Head of People Management

    • Tenure: 0yrs
  • Natalia Cadek

    Group Compliance Officer

    • Tenure: 4.4yrs
  • Liane Hirner (51yo)

    Member of the Managing Board & CFO

    • Tenure: 1.3yrs
    • Compensation: €529.14k

Board Members

  • Martina Dobringer (72yo)

    Supervisory Board Member

    • Tenure: 8.4yrs
  • Günter Geyer (76yo)

    Chairman of Supervisory Board

    • Tenure: 5.3yrs
  • Rudolf Ertl (73yo)

    First Supervisory Board Vice Chairman

    • Tenure: 2.4yrs
  • Heinz Öhler (74yo)

    Supervisory Board Member

    • Tenure: 17.8yrs
  • Georg Riedl (60yo)

    Supervisory Board Member

    • Tenure: 5.3yrs
  • Gertrude Tumpel-Gugerell (67yo)

    Member of the Supervisory Board

    • Tenure: 7.4yrs
  • Gerhard Fabisch (59yo)

    Supervisory Board Member

    • Tenure: 2.4yrs
  • Maria Kubitschek (57yo)

    Second Deputy Chairman of the Supervisory Board

    • Tenure: 2.8yrs
  • Gabriele Semmelrock-Werzer (61yo)

    Supervisory Board Member

    • Tenure: 2.4yrs
  • Peter Mihók

    Member of Supervisory Board

    • Tenure: 0.4yrs

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: €3.034b
  • 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 ope ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 20:45
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
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.