XTRA:ALV

Stock Analysis Report

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Market Cap

€88.9b

Last Updated

2021/06/23 18:59 UTC

Data Sources

Company Financials +

Executive Summary

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


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 is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ALV's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-3.0%

ALV

-3.0%

DE Insurance

-1.3%

DE Market


1 Year Return

19.7%

ALV

11.1%

DE Insurance

29.1%

DE Market

Return vs Industry: ALV exceeded the German Insurance industry which returned 11.4% over the past year.

Return vs Market: ALV underperformed the German Market which returned 29.6% over the past year.


Shareholder returns

ALVIndustryMarket
7 Day-3.0%-3.0%-1.3%
30 Day-1.5%-1.7%1.5%
90 Day0.4%-3.5%4.8%
1 Year25.2%19.7%15.8%11.1%33.3%29.1%
3 Year42.9%23.1%43.1%24.6%31.6%20.8%
5 Year112.3%67.8%99.2%59.4%64.2%41.4%

Long-Term 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 (€213.15) is trading below our estimate of fair value (€519.87)

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 (11x) compared to the German Insurance industry average (12.1x).

PE vs Market: ALV is good value based on its PE Ratio (11x) compared to the German market (26.8x).


Price to Earnings Growth Ratio

PEG Ratio: ALV is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: ALV's PB Ratio (1.1x) is in line with the DE Insurance industry average.


Future Growth

How is Allianz forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

3.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALV's forecast earnings growth (3.3% per year) is above the savings rate (0.01%).

Earnings vs Market: ALV's earnings (3.3% per year) are forecast to grow slower than the German market (14.4% per year).

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

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

High Growth Revenue: ALV's revenue (5.7% 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 (11.5%).


Past Performance

How has Allianz performed over the past 5 years?

2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALV has high quality earnings.

Growing Profit Margin: ALV's current net profit margins (6.5%) are lower than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: ALV's earnings have grown by 2.3% per year over the past 5 years.

Accelerating Growth: ALV's earnings growth over the past year (8.6%) exceeds its 5-year average (2.3% per year).

Earnings vs Industry: ALV earnings growth over the past year (8.6%) underperformed the Insurance industry 8.6%.


Return on Equity

High ROE: ALV's Return on Equity (10.2%) is considered low.


Financial Health

How is Allianz's financial position?


Financial Position Analysis

Short Term Liabilities: ALV's short term assets (€67.0B) exceed its short term liabilities (€57.7B).

Long Term Liabilities: ALV's short term assets (€67.0B) do not cover its long term liabilities (€928.9B).


Debt to Equity History and Analysis

Debt Level: ALV's debt to equity ratio (41.1%) is considered high.

Reducing Debt: ALV's debt to equity ratio has reduced from 63.5% to 41.1% over the past 5 years.

Debt Coverage: ALV's debt is well covered by operating cash flow (95%).

Interest Coverage: ALV's interest payments on its debt are well covered by EBIT (17.9x coverage).


Balance Sheet


Dividend

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

4.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ALV's dividend (4.5%) is higher than the bottom 25% of dividend payers in the German market (1%).

High Dividend: ALV's dividend (4.5%) is in the top 25% of dividend payers in the German market (3.13%)


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 (49.6%), 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 (49.7% payout ratio).


Next Steps

Management

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

3.2yrs

Average management tenure


CEO

Oliver Bäte (55 yo)

6.08yrs

Tenure

€6,800,000

Compensation

Mr. Oliver Bäte has been Chief Executive Officer and Chairman of the Management Board at Allianz Group and Allianz SE since May 7, 2015. Mr. Bäte is a Member of Supervisory Board at Allianz Deutschland AG....


CEO Compensation Analysis

Compensation vs Market: Oliver's total compensation ($USD8.12M) is above average for companies of similar size in the German market ($USD4.92M).

Compensation vs Earnings: Oliver's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ALV's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: ALV's board of directors are considered experienced (5.1 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: Shareholders have not been meaningfully 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: €88.878b
  • Shares outstanding: 412.05m
  • Website: https://www.allianz.com

Number of Employees


Location

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

Listings


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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/23 18:59
End of Day Share Price2021/06/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.