XTRA:ALV

Stock Analysis Report

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Executive Summary

Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide.


Snowflake Analysis

6 star dividend payer and good value.


Similar Companies

Share Price & News

How has Allianz's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ALV's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.6%

ALV

3.5%

DE Insurance

2.2%

DE Market


1 Year Return

-21.4%

ALV

-15.1%

DE Insurance

-3.9%

DE Market

Return vs Industry: ALV underperformed the German Insurance industry which returned -16.8% over the past year.

Return vs Market: ALV underperformed the German Market which returned -4.6% over the past year.


Shareholder returns

ALVIndustryMarket
7 Day3.6%3.5%2.2%
30 Day2.3%2.2%8.0%
90 Day-25.9%-24.4%-9.6%
1 Year-16.5%-21.4%-10.4%-15.1%-2.3%-3.9%
3 Year7.5%-7.1%16.7%1.6%-7.6%-14.8%
5 Year42.1%11.7%48.9%18.1%-0.3%-12.9%

Price Volatility Vs. Market

How volatile is Allianz's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Allianz undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALV (€159.34) is trading below our estimate of fair value (€356.62)

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


Price To Earnings Ratio

PE vs Industry: ALV is poor value based on its PE Ratio (9x) compared to the Insurance industry average (8.8x).

PE vs Market: ALV is good value based on its PE Ratio (9x) compared to the German market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: ALV is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: ALV is overvalued based on its PB Ratio (1x) compared to the DE Insurance industry average (0.9x).


Next Steps

Future Growth

How is Allianz forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

10.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALV's forecast earnings growth (10.7% per year) is above the savings rate (0.2%).

Earnings vs Market: ALV's earnings (10.7% per year) are forecast to grow slower than the German market (21.7% per year).

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

Revenue vs Market: ALV's revenue (6% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: ALV's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALV's Return on Equity is forecast to be low in 3 years time (12%).


Next Steps

Past Performance

How has Allianz performed over the past 5 years?

3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALV has high quality earnings.

Growing Profit Margin: ALV's current net profit margins (6.8%) are lower than last year (7.2%).


Past Earnings Growth Analysis

Earnings Trend: ALV's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: ALV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ALV had negative earnings growth (-2%) over the past year, making it difficult to compare to the Insurance industry average (9.2%).


Return on Equity

High ROE: ALV's Return on Equity (10.7%) is considered low.


Next Steps

Financial Health

How is Allianz's financial position?


Financial Position Analysis

Short Term Liabilities: ALV's short term assets (€62.0B) exceed its short term liabilities (€48.8B).

Long Term Liabilities: ALV's short term assets (€62.0B) do not cover its long term liabilities (€869.2B).


Debt to Equity History and Analysis

Debt Level: ALV's debt to equity ratio (51.9%) is considered high.

Reducing Debt: ALV's debt to equity ratio has increased from 45.5% to 51.9% over the past 5 years.

Debt Coverage: ALV's debt is well covered by operating cash flow (96.9%).

Interest Coverage: ALV's interest payments on its debt are well covered by EBIT (10.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Allianz's current dividend yield, its reliability and sustainability?

6.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ALV's dividend (6.02%) is higher than the bottom 25% of dividend payers in the German market (1.36%).

High Dividend: ALV's dividend (6.02%) is in the top 25% of dividend payers in the German market (4.18%)


Stability and Growth of Payments

Stable Dividend: ALV's dividends per share have been stable in the past 10 years.

Growing Dividend: ALV's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.4%), ALV's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ALV's dividends in 3 years are forecast to be covered by earnings (50.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Allianz has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Axel Theis
Member of the Board of Managementno data€3.90m0.00040% 256.1k
Christof Mascher
COO & Member of Management Board10.67yrs€3.80m0.00040% 256.1k
Sergio Balbinot
Member of Management Board5.33yrs€3.81m0.00040% 256.1k
Niran Peiris
Member of the Board of Management2.33yrs€3.76m0.00040% 256.1k
Jacqueline Hunt
Member of Management Board3.83yrs€3.77m0.00040% 256.1k
Günther Thallinger
Member of Management Board3.33yrs€3.78m0.00040% 256.1k
Iván de la Sota
Member of the Management Board2.08yrs€3.81m0.00040% 256.1k
Renate Wagner
Chief Human Resources0.33yrno datano data
Oliver Schmidt
Head of Investor Relationsno datano datano data
Veit Stutz
Head of Business Transformation1.67yrsno datano data

2.8yrs

Average Tenure

56.5yo

Average Age

Experienced Management: ALV's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Franz Humer
Member of International Advisory Board10.33yrs€140.50kno data
Michael Diekmann
Independent Chairman of Supervisory Board3yrs€484.00kno data
Paul M. Achleitner
no data€2.02mno data
Christine Bosse
Independent Member of Supervisory Board7.75yrs€156.00kno data
Herbert Hainer
Independent Member of Supervisory Board & Member of Advisory Board14.33yrs€181.00kno data
Jim Snabe
Independent Vice Chairman of Supervisory Board3yrs€268.50kno data
Godfrey Hayward
Independent Member of Supervisory Board3yrs€156.00kno data
Friedrich Eichiner
Independent Member of Supervisory Board4yrs€284.00kno data
Gabriele Burkhardt-Berg
Independent Vice Chairwoman of Supervisory Board1.67yrs€243.50kno data
Jürgen Lawrenz
Independent Member of Supervisory Board4.75yrs€181.00kno data

4.0yrs

Average Tenure

61yo

Average Age

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


Ownership

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.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Allianz SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Allianz SE
  • Ticker: ALV
  • Exchange: XTRA
  • Founded: 1890
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €64.019b
  • Shares outstanding: 411.70m
  • Website: https://www.allianz.com

Number of Employees


Location

  • Allianz SE
  • Königinstrasse 28
  • Munich
  • Bavaria
  • 80802
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALIZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
0M6SLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
ALVDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
ALVBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
ALVXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
ALVDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
ALV NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992
ALVWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
ALLIANZBUSE (Budapest Stock Exchange)YesOrdinary SharesHUHUFJan 1992
ALVEBST (Boerse-Stuttgart)UNSPON ADS EACH REP 1/10 ORD SHARESDEEURJan 2020
ALIZ.YOTCPK (Pink Sheets LLC)UNSPON ADS EACH REP 1/10 ORD SHARESUSUSDJan 2020
ALVEDB (Deutsche Boerse AG)UNSPON ADS EACH REP 1/10 ORD SHARESDEEURJan 2020

Biography

Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company’s Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel insurance products to private and corporate customers. Its Life/Health segment provides a range of life and health insurance products on an individual and a group basis, such as annuities, endowment and term insurance, and unit-linked and investment-oriented products, as well as private health, supplemental health, and long-term care insurance products. The company’s Asset Management segment offers institutional and retail asset management products and services to third-party investors comprising equity and fixed income funds, as well as alternative products; and investment management services. Its Corporate and Other segment provides various banking products for corporate and retail clients; and alternative investment management services in the private equity, real estate, renewable energy, and infrastructure sectors. Allianz SE was founded in 1890 and is headquartered in Munich, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/25 21:50
End of Day Share Price2020/05/25 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.