Assicurazioni Generali S.p.A.

SWX:ASG Stock Report

Market Cap: CHF 34.6b

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Assicurazioni Generali Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 (CHF21) is trading below our estimate of fair value (CHF38.2)

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

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 Ratio10.3x
Earnings€3.50b
Market Cap€36.14b

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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.2x
ZURN Zurich Insurance Group
17.6x9.9%CHF 76.7b
BALN Baloise Holding
29x16.3%CHF 7.4b
HELN Helvetia Holding
28.2x14.5%CHF 7.7b
VAHN Vaudoise Assurances Holding
9.8xn/aCHF 1.4b
ASG Assicurazioni Generali
10.3x7.0%CHF 36.1b

Price-To-Earnings vs Peers: ASG is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (20.5x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ASG 10.3xIndustry Avg. 11.8xNo. of Companies14PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASG is good value based on its Price-To-Earnings Ratio (10.3x) compared to the European Insurance industry average (10.6x).

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 Ratio10.3x
Fair PE Ratio20x

Price-To-Earnings vs Fair Ratio: ASG is good value based on its Price-To-Earnings Ratio (10.3x) compared to the estimated Fair Price-To-Earnings Ratio (20x).

Analyst Price Targets

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

The above table shows the analyst ASG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CHF 23.15
0%
8.5%CHF 27.44CHF 19.51n/a18
Dec ’25n/a
CHF 23.15
0%
8.5%CHF 27.44CHF 19.51n/a18
Nov ’25n/a
CHF 23.15
0%
8.5%CHF 27.44CHF 19.51n/a18
Oct ’25n/a
CHF 23.15
0%
8.5%CHF 27.44CHF 19.51n/a18
Sep ’25n/a
CHF 23.15
0%
8.5%CHF 27.44CHF 19.51n/a18
Aug ’25CHF 21.00
CHF 23.34
+11.1%
8.5%CHF 27.53CHF 19.57n/a18
Jul ’25CHF 21.00
CHF 23.25
+10.7%
8.8%CHF 27.55CHF 19.58n/a18
Jun ’25CHF 21.00
CHF 23.33
+11.1%
8.2%CHF 26.64CHF 20.13n/a18
May ’25CHF 21.00
CHF 22.54
+7.3%
7.7%CHF 25.55CHF 20.05n/a18
Apr ’25CHF 21.00
CHF 22.33
+6.4%
8.7%CHF 25.47CHF 18.22n/a18
Mar ’25CHF 20.51
CHF 20.46
-0.2%
7.7%CHF 23.11CHF 17.55n/a19
Feb ’25CHF 20.51
CHF 19.71
-3.9%
8.0%CHF 22.75CHF 16.78n/a19
Jan ’25CHF 20.51
CHF 19.63
-4.3%
8.0%CHF 22.99CHF 16.58n/a19
Dec ’24CHF 20.51
CHF 19.64
-4.3%
7.8%CHF 23.07CHF 16.64n/a19
Nov ’24CHF 20.50
CHF 20.19
-1.5%
8.9%CHF 23.61CHF 17.03n/a19
Oct ’24CHF 20.36
CHF 20.19
-0.8%
8.9%CHF 23.61CHF 17.03n/a19
Sep ’24CHF 20.36
CHF 19.26
-5.4%
8.4%CHF 23.30CHF 16.81n/a19
Aug ’24CHF 20.35
CHF 19.13
-6.0%
7.4%CHF 22.59CHF 16.92CHF 21.0019
Jul ’24CHF 20.35
CHF 19.21
-5.6%
8.2%CHF 23.00CHF 16.64CHF 21.0020
Jun ’24CHF 20.33
CHF 19.37
-4.7%
8.6%CHF 23.39CHF 15.42CHF 21.0021
May ’24CHF 20.33
CHF 19.37
-4.7%
8.6%CHF 23.39CHF 15.42CHF 21.0021
Apr ’24CHF 20.33
CHF 19.27
-5.2%
8.4%CHF 23.23CHF 15.32CHF 21.0021
Mar ’24CHF 20.30
CHF 18.53
-8.7%
8.5%CHF 22.30CHF 15.29CHF 20.5121
Feb ’24CHF 20.30
CHF 18.51
-8.8%
9.6%CHF 22.56CHF 15.47CHF 20.5121
Jan ’24CHF 20.25
CHF 18.21
-10.1%
9.7%CHF 22.32CHF 14.52CHF 20.5121
Dec ’23CHF 20.25
CHF 17.98
-11.2%
9.1%CHF 22.29CHF 14.50CHF 20.5121

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/08/19 12:34
End of Day Share Price 2024/08/19 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Assicurazioni Generali S.p.A. is covered by 51 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null Equity TeamActinvest Group Ltd.
Maria del Paz Ojeda FernandezAhorro Corporación
Bassem NeiferAlphaValue