XTRA:ALV

Stock Analysis Report

Executive Summary

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

Rewards

Trading at 53.2% below its fair value

Earnings are forecast to grow 5.29% per year

Earnings have grown 4% per year over the past 5 years

Pays a high and reliable dividend of 4.11%

Risk Analysis

No risks detected for ALV from our risk checks.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.9%

ALV

1.4%

DE Insurance

0.5%

DE Market


1 Year Return

19.5%

ALV

27.4%

DE Insurance

15.5%

DE Market

Return vs Industry: ALV underperformed the German Insurance industry which returned 29.2% over the past year.

Return vs Market: ALV exceeded the German Market which returned 17.1% over the past year.


Shareholder returns

ALVIndustryMarket
7 Day0.9%1.4%0.5%
30 Day-0.7%0.5%1.4%
90 Day-1.7%3.0%5.3%
1 Year24.9%19.5%32.9%27.4%19.2%15.5%
3 Year53.4%34.8%62.4%42.8%15.7%5.5%
5 Year85.6%48.3%94.6%55.8%27.3%10.1%

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 (€218.85) is trading below our estimate of fair value (€467.66)

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


Price To Earnings Ratio

PE vs Industry: ALV is good value based on its PE Ratio (12x) compared to the Insurance industry average (12.2x).

PE vs Market: ALV is good value based on its PE Ratio (11.9x) compared to the German market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: ALV is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: ALV is overvalued based on its PB Ratio (1.3x) compared to the DE Insurance industry average (1.1x).


Next Steps

Future Growth

How is Allianz forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALV's forecast earnings growth (5.3% per year) is above the savings rate (-0.4%).

Earnings vs Market: ALV's earnings (5.3% per year) are forecast to grow slower than the German market (13.2% per year).

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

Revenue vs Market: ALV's revenue (6.1% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: ALV's revenue (6.1% 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 (13.1%).


Next Steps

Past Performance

How has Allianz performed over the past 5 years?

4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALV has high quality earnings.

Growing Profit Margin: ALV's current net profit margins (7.2%) are higher than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: ALV's earnings have grown by 4% per year over the past 5 years.

Accelerating Growth: ALV's earnings growth over the past year (7.8%) exceeds its 5-year average (4% per year).

Earnings vs Industry: ALV earnings growth over the past year (7.8%) underperformed the Insurance industry 7.8%.


Return on Equity

High ROE: ALV's Return on Equity (10.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Allianz's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: ALV has a low level of unsold assets or inventory.

Debt Coverage by Assets: ALV's debt is covered by short term assets (assets are 1.4x debt).


Financial Institutions Analysis

Asset Level: ALV's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if ALV has a sufficient allowance for bad loans.

Low Risk Liabilities: ALV reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if ALV has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ALV has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if ALV has an appropriate level of bad loans.


Next Steps

Dividend

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

4.11%

Current Dividend Yield


Dividend Yield vs Market

company4.1%marketbottom25%1.4%markettop25%3.5%industryaverage3.7%forecastin3Years4.8%

Current dividend yield vs market & industry

Notable Dividend: ALV's dividend (4.11%) is higher than the bottom 25% of dividend payers in the German market (1.38%).

High Dividend: ALV's dividend (4.11%) is in the top 25% of dividend payers in the German market (3.53%)


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 reasonably low payout ratio (49.1%), ALV's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ALV's dividends in 3 years are forecast to be well covered by earnings (46.9% payout ratio).


Next Steps

Management

What is the CEO of Allianz's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

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


Management Age and Tenure

1.3yrs

Average Tenure

57yo

Average Age

Experienced Management: ALV's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

7.7yrs

Average Tenure

59yo

Average Age

Experienced Board: ALV's board of directors are considered experienced (7.7 years average tenure).


Insider Trading

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: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Sergio Balbinot (61yo)

    Member of Management Board

    • Tenure: 5yrs
    • Compensation: €3.95m
  • Oliver Schmidt

    Head of Investor Relations

    • Veit Stutz

      Head of Business Transformation

      • Tenure: 1.3yrs
    • Christof Mascher (59yo)

      COO & Member of the Board of Management

      • Tenure: 10.3yrs
      • Compensation: €3.65m
    • Tarek Shahin

      Senior Investment Manager

      • Tenure: 0.8yrs
    • Bart Schlatmann

      CEO of European Direct Business

      • Tenure: 1.3yrs
    • Olaf Kliesow (52yo)

      Global Head of Rewards & Performance

      • Tenure: 0.6yrs
    • Aaron Fryer

      Regional Chief Financial Officer for Asia-Pacific

      • Tenure: 1yrs
    • Iván de la Sota (55yo)

      Chief Business Transformation Officer & Member of the Board of Management

      • Tenure: 1.8yrs
      • Compensation: €3.00m
    • Stephen Taylor

      Head of Small Medium Enterprise & Corporate Partner Distribution

      • Tenure: 0.4yrs

    Board Members

    • Franz Humer (73yo)

      Member of International Advisory Board

      • Tenure: 10yrs
      • Compensation: €140.50k
    • Paul M. Achleitner (63yo)

      • Compensation: €2.02m
    • Stine Bosse (59yo)

      Member of the Supervisory Board

      • Tenure: 7.4yrs
      • Compensation: €156.00k
    • Herbert Hainer (65yo)

      Member of Joint Advisory Council & Member of Supervisory Board

      • Tenure: 14yrs
      • Compensation: €182.00k
    • Rolf Zimmermann (66yo)

      Vice Chairman of Supervisory Board

      • Tenure: 10.8yrs
      • Compensation: €162.30k
    • Jim Snabe (54yo)

      Vice Chairman of Supervisory Board

      • Tenure: 2.7yrs
      • Compensation: €268.50k
    • Geoff Hayward (59yo)

      Member of the Supervisory Board

      • Tenure: 2.7yrs
      • Compensation: €156.00k
    • Gabriele Burkhardt-Berg (59yo)

      Member of Supervisory Board

      • Tenure: 7.7yrs
      • Compensation: €202.80k
    • Jürgen Lawrenz (56yo)

      Member of Supervisory Board

      • Compensation: €181.00k
    • Frank Kirsch (52yo)

      Member of Supervisory Board

      • Compensation: €52.00k

    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: €91.192b
    • Shares outstanding: 416.21m
    • Website: https://www.allianz.com

    Number of Employees


    Location

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

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    ALVDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
    ALIZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
    ALVDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
    322646SWX (SIX Swiss Exchange)YesOrdinary SharesCHEURJan 1992
    ALVBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
    ALVXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
    ALLIANZBUSE (Budapest Stock Exchange)YesOrdinary SharesHUHUFJan 1992
    0M6SLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
    ALV NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992
    ALVWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
    ALVADB (Deutsche Boerse AG)ADR EACH REP 1/10 ORD SHDEEURNov 2000
    ALVBDB (Deutsche Boerse AG)NPVDEEURJan 2017
    ALVBDB (Deutsche Boerse AG)NPV(REGD)(VINKULIERT)(NEW)DEEURDec 2019
    ALIZ.YOTCPK (Pink Sheets LLC)UNSPONSRD ADSUSUSDJan 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 Analysis2020/01/22 21:13
    End of Day Share Price2020/01/22 00:00
    Earnings2019/09/30
    Annual Earnings2018/12/31


    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.