Vienna Insurance Group AG

SEP:VIG Stock Report

Market Cap: Kč97.2b

Vienna Insurance Group Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 VIG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VIG (CZK760) is trading below our estimate of fair value (CZK1720.78)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VIG. This is calculated by dividing VIG's market cap by their current earnings.
What is VIG's PE Ratio?
PE Ratio6.9x
Earnings€559.63m
Market Cap€3.87b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VIG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.4x
GCO Grupo Catalana Occidente
6.9x-1.5%€4.3b
PHOE Phoenix Financial
7.5x7.0%₪13.3b
PSSA3 Porto Seguro
9x7.9%R$24.1b
HARL Harel Insurance Investments & Financial Services
10.4x26.6%₪10.5b
VIG Vienna Insurance Group
6.9x8.6%Kč3.9b

Price-To-Earnings vs Peers: VIG is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (8.5x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
VIG 6.9xIndustry Avg. 11.8xNo. of Companies13PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VIG is good value based on its Price-To-Earnings Ratio (6.9x) compared to the European Insurance industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is VIG'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.

VIG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VIG'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?

The above table shows the analyst VIG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentKč760.00
Kč875.38
+15.2%
17.4%Kč975.43Kč612.77n/a4
Dec ’25Kč741.00
Kč878.10
+18.5%
17.1%Kč985.49Kč619.09n/a4
Nov ’25Kč738.00
Kč865.33
+17.3%
16.9%Kč978.19Kč614.51n/a4
Oct ’25Kč749.00
Kč865.33
+15.5%
16.9%Kč978.19Kč614.51n/a4
Sep ’25Kč785.00
Kč865.96
+10.3%
17.0%Kč976.79Kč613.63n/a4
Aug ’25Kč749.00
Kč833.10
+11.2%
18.6%Kč989.57Kč621.65n/a3
Jul ’25Kč769.00
Kč814.45
+5.9%
18.5%Kč977.34Kč613.97n/a3
Jun ’25Kč731.00
Kč730.71
-0.04%
13.4%Kč856.69Kč617.32n/a3
May ’25Kč734.00
Kč730.71
-0.4%
13.4%Kč856.69Kč617.32n/a3
Apr ’25Kč725.00
Kč730.71
+0.8%
13.4%Kč856.69Kč617.32n/a3
Mar ’25Kč680.00
Kč729.04
+7.2%
4.2%Kč759.67Kč698.41n/a2
Feb ’25Kč663.00
Kč729.04
+10.0%
4.2%Kč759.67Kč698.41n/a2
Jan ’25Kč650.00
Kč729.04
+12.2%
4.2%Kč759.67Kč698.41n/a2
Nov ’24Kč618.00
Kč665.05
+7.6%
6.9%Kč697.69Kč599.77Kč738.003
Oct ’24Kč635.00
Kč646.25
+1.8%
6.9%Kč677.96Kč582.81Kč749.003
Sep ’24Kč600.00
Kč646.25
+7.7%
6.9%Kč677.96Kč582.81Kč785.003
Aug ’24Kč585.00
Kč646.25
+10.5%
6.9%Kč677.96Kč582.81Kč749.003
Jul ’24Kč561.00
Kč646.25
+15.2%
6.9%Kč677.96Kč582.81Kč769.003
Jun ’24Kč568.00
Kč646.25
+13.8%
6.9%Kč677.96Kč582.81Kč731.003
May ’24Kč621.00
Kč646.25
+4.1%
6.9%Kč677.96Kč582.81Kč734.003
Apr ’24Kč582.00
Kč646.25
+11.0%
6.9%Kč677.96Kč582.81Kč725.003
Mar ’24Kč626.00
Kč646.25
+3.2%
6.9%Kč677.96Kč582.81Kč680.003
Feb ’24Kč599.00
Kč653.24
+9.1%
6.9%Kč685.30Kč589.11Kč663.003
Jan ’24Kč543.00
Kč651.92
+20.1%
6.3%Kč693.27Kč595.97Kč650.003
Dec ’23Kč553.00
Kč651.92
+17.9%
6.3%Kč693.27Kč595.97Kč636.003

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 Analysis2024/12/23 21:22
End of Day Share Price 2024/12/23 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

Vienna Insurance Group AG is covered by 30 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel BischofBaader Helvea Equity Research
Andrew BroadfieldBarclays
Claudia GaspariBarclays