Assicurazioni Generali Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ASG (€26.77) is trading below our estimate of fair value (€29)

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

Key Valuation Metric

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

Key metric: As ASG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ASG. This is calculated by dividing ASG's market cap by their current earnings.
What is ASG's PE Ratio?
PE Ratio	11.8x
Earnings	€3.50b
Market Cap	€41.38b

ASG 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/Revenue	1.2x
Enterprise Value/EBITDA	11.1x
PEG Ratio	1.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ASG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	12.1x
601601 China Pacific Insurance (Group)	8.1x	-5.4%	CN¥304.1b
AIG American International Group	12.5x	37.4%	US$47.3b
CS AXA	10.1x	5.5%	€72.3b
ZURN Zurich Insurance Group	17.7x	1.6%	CHF 76.7b
ASG Assicurazioni Generali	11.8x	8.2%	€41.4b

Price-To-Earnings vs Peers: ASG is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (12x).

Price to Earnings Ratio vs Industry

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

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ASG is good value based on its Price-To-Earnings Ratio (11.8x) compared to the European Insurance industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is ASG'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.

ASG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.8x
Fair PE Ratio	n/a

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.