Talanx AG provides insurance and reinsurance products and services worldwide.
Solid track record, good value and pays a dividend.
Share Price & News
How has Talanx's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TLX has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TLX exceeded the Swiss Insurance industry which returned -14.4% over the past year.
Return vs Market: TLX underperformed the Swiss Market which returned 3.8% over the past year.
Price Volatility Vs. Market
How volatile is Talanx's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Talanx undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TLX (CHF38.26) is trading below our estimate of fair value (CHF78.38)
Significantly Below Fair Value: TLX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TLX is good value based on its PE Ratio (9.8x) compared to the Insurance industry average (9.9x).
PE vs Market: TLX is good value based on its PE Ratio (9.8x) compared to the Swiss market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: TLX is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: TLX is overvalued based on its PB Ratio (0.9x) compared to the CH Insurance industry average (0.8x).
How is Talanx forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TLX's forecast earnings growth (9.6% per year) is above the savings rate (-0.2%).
Earnings vs Market: TLX's earnings (9.6% per year) are forecast to grow faster than the Swiss market (8.7% per year).
High Growth Earnings: TLX's earnings are forecast to grow, but not significantly.
Revenue vs Market: TLX's revenue (2.4% per year) is forecast to grow slower than the Swiss market (2.4% per year).
High Growth Revenue: TLX's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TLX's Return on Equity is forecast to be low in 3 years time (9.7%).
How has Talanx performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TLX has high quality earnings.
Growing Profit Margin: TLX's current net profit margins (2.3%) are higher than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: TLX's earnings have grown by 1.5% per year over the past 5 years.
Accelerating Growth: TLX's earnings growth over the past year (26.5%) exceeds its 5-year average (1.5% per year).
Earnings vs Industry: TLX earnings growth over the past year (26.5%) exceeded the Insurance industry 18.6%.
Return on Equity
High ROE: TLX's Return on Equity (10.3%) is considered low.
How is Talanx's financial position?
Financial Position Analysis
Short Term Liabilities: TLX's short term assets (€22.2B) exceed its short term liabilities (€17.3B).
Long Term Liabilities: TLX's short term assets (€22.2B) do not cover its long term liabilities (€143.8B).
Debt to Equity History and Analysis
Debt Level: TLX's debt to equity ratio (33.3%) is considered satisfactory.
Reducing Debt: TLX's debt to equity ratio has increased from 28.5% to 33.3% over the past 5 years.
Debt Coverage: TLX's debt is well covered by operating cash flow (89.9%).
Interest Coverage: TLX's interest payments on its debt are well covered by EBIT (6.9x coverage).
What is Talanx's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TLX's dividend (4.25%) is higher than the bottom 25% of dividend payers in the Swiss market (1.94%).
High Dividend: TLX's dividend (4.25%) is in the top 25% of dividend payers in the Swiss market (3.84%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TLX has been paying a dividend for less than 10 years.
Growing Dividend: TLX's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.7%), TLX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TLX's dividends in 3 years are forecast to be well covered by earnings (40.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Torsten Leue (53yo)
Mr. Torsten Leue has been Chairman of the Supervisory board at E+S Rückversicherung AG since March 1, 2019. He serves as a Chairman of Supervisory Board at Hannover Rück SE since May 08, 2019 and serves as ...
CEO Compensation Analysis
Compensation vs Market: Torsten's total compensation ($USD3.11M) is below average for companies of similar size in the Swiss market ($USD6.61M).
Compensation vs Earnings: Torsten's compensation has been consistent with company performance over the past year.
|Chairman of the Management Board & CEO||2.08yrs||€2.77m||no data|
|CFO & Member of the Management Board||14.42yrs||€1.68m||no data|
|Member of the Management Board||6.08yrs||€1.77m||no data|
|Member of the Management Board||2.08yrs||€1.20m||no data|
|Member of the Management Board||1.17yrs||€3.39m||no data|
|Member of the Management Board||1.08yrs||€796.46k||no data|
|Head of Investor Relations||no data||no data||no data|
Experienced Management: TLX's management team is considered experienced (2.1 years average tenure).
|Member of Supervisory Board||7.08yrs||€129.00k||no data|
|Member of Supervisory Board||17yrs||€206.00k||no data|
|Chairman of the Supervisory Board||2.08yrs||€515.00k||no data|
|Member of Supervisory Board||7.08yrs||€102.00k||no data|
|Deputy Chairman of the Supervisory Board||2.08yrs||€205.00k||no data|
|Member of Supervisory Board||7.08yrs||€130.00k||no data|
|Employee Representative Deputy Chairman of Supervisory Board||11yrs||€184.00k||no data|
|Employee Representative Member of Supervisory Board||11yrs||€132.00k||no data|
|Employee Representative Member of Supervisory Board||9.33yrs||€140.00k||no data|
|Member of Supervisory Board||8.75yrs||€132.00k||no data|
Experienced Board: TLX's board of directors are considered experienced (7.9 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Talanx AG's company bio, employee growth, exchange listings and data sources
- Name: Talanx AG
- Ticker: TLX
- Exchange: SWX
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: €8.924b
- Listing Market Cap: €9.641b
- Shares outstanding: 252.80m
- Website: https://www.talanx.com
Number of Employees
- Talanx AG
- HDI-Platz 1
- Riethorst 2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TLX||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Oct 2012|
|TLX||XTRA (XETRA Trading Platform)||Yes||Registered Shares||DE||EUR||Oct 2012|
|TLXD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Registered Shares||GB||EUR||Oct 2012|
|0QA8||LSE (London Stock Exchange)||Yes||Registered Shares||GB||EUR||Oct 2012|
|TLX||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||Oct 2012|
|TNX||WSE (Warsaw Stock Exchange)||Yes||Registered Shares||PL||PLN||Oct 2012|
|TLX||WBAG (Wiener Boerse AG)||Yes||Registered Shares||AT||EUR||Oct 2012|
|TNXX.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||Oct 2012|
Talanx AG provides insurance and reinsurance products and services worldwide. The company offers life, casualty, liability, motor, aviation, legal protection, fire, burglary and theft, water damage, plate glass, windstorm, comprehensive householders, comprehensive home-owners, hail, livestock, engineering, omnium, marine, business interruption, travel assistance, aviation and space liability, financial lines, and other property insurance, as well as coverage for fire and fire loss of profits insurance. It also provides bancassurance products; unit linked life insurance, annuity and risk insurance, and occupational incapacity and disability insurance products; personal accident insurance; and Sharia-compliant retakaful reinsurance products. In addition, the company offers property and casualty reinsurance products to retail, commercial, and industrial customers; marine and aviation business; credit/surety businesses; structured reinsurance; and facultative and nat cat business, as well as cross-border insurance and asset management services. It primarily serves retail clients, industrial enterprises, and small and medium-sized companies through independent brokers, agents, co-operations, online and direct sales, and banks. The company is headquartered in Hannover, Germany. Talanx AG is a subsidiary of HDI Haftpflichtverband der Deutschen Industrie Versicherungsverein auf Gegenseitigkeit.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 23:40|
|End of Day Share Price||2020/06/04 00:00|
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.