Executive Summary
Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
6 star dividend payer with adequate balance sheet.
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 not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ALV's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
0.3%
ALV
0.2%
DE Insurance
1.0%
DE Market
1 Year Return
-6.2%
ALV
-8.1%
DE Insurance
3.8%
DE Market
Return vs Industry: ALV exceeded the German Insurance industry which returned -10% over the past year.
Return vs Market: ALV underperformed the German Market which returned 2.8% over the past year.
Shareholder returns
| ALV | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | 0.2% | 1.0% |
| 30 Day | 32.4% | 26.4% | 13.8% |
| 90 Day | 9.0% | 4.2% | 1.9% |
| 1 Year | -0.3%-6.2% | -3.1%-8.1% | 7.1%3.8% |
| 3 Year | 16.5%0.6% | 24.7%8.5% | 5.2%-3.9% |
| 5 Year | 56.1%22.8% | 56.0%23.8% | 27.5%9.5% |
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
1 week ago | Simply Wall St
Allianz (ETR:ALV) Has Compensated Shareholders With A Respectable 51% Return On Their Investment1 month ago | Simply Wall St
How Much Is Allianz SE (ETR:ALV) Paying Its CEO?2 months ago | Simply Wall St
Is Allianz SE (ETR:ALV) A Smart Choice For Dividend Investors?Valuation
Is Allianz undervalued compared to its fair value and its price relative to the market?
45.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ALV (€199.98) is trading below our estimate of fair value (€369.45)
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 (12x) compared to the DE Insurance industry average (11.9x).
PE vs Market: ALV is good value based on its PE Ratio (12x) compared to the German market (23.1x).
Price to Earnings Growth Ratio
PEG Ratio: ALV is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: ALV's PB Ratio (1.1x) is in line with the DE Insurance industry average.
Next Steps
Future Growth
How is Allianz forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
11.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALV's forecast earnings growth (11.9% per year) is above the savings rate (0.2%).
Earnings vs Market: ALV's earnings (11.9% per year) are forecast to grow slower than the German market (26.9% per year).
High Growth Earnings: ALV's earnings are forecast to grow, but not significantly.
Revenue vs Market: ALV's revenue (5.1% per year) is forecast to grow slower than the German market (5.9% per year).
High Growth Revenue: ALV's revenue (5.1% 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 (10.8%).
Next Steps
Past Performance
How has Allianz performed over the past 5 years?
2.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALV has high quality earnings.
Growing Profit Margin: ALV's current net profit margins (6.1%) are lower than last year (7.2%).
Past Earnings Growth Analysis
Earnings Trend: ALV's earnings have grown by 2.7% 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 (-11.7%) over the past year, making it difficult to compare to the Insurance industry average (-23.4%).
Return on Equity
High ROE: ALV's Return on Equity (9.2%) is considered low.
Next Steps
Financial Health
How is Allianz's financial position?
Financial Position Analysis
Short Term Liabilities: ALV's short term assets (€57.7B) exceed its short term liabilities (€49.0B).
Long Term Liabilities: ALV's short term assets (€57.7B) do not cover its long term liabilities (€900.7B).
Debt to Equity History and Analysis
Debt Level: ALV's debt to equity ratio (44.8%) is considered high.
Reducing Debt: ALV's debt to equity ratio has reduced from 48.9% to 44.8% over the past 5 years.
Debt Coverage: ALV's debt is well covered by operating cash flow (78.9%).
Interest Coverage: ALV's interest payments on its debt are well covered by EBIT (11.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Allianz current dividend yield, its reliability and sustainability?
4.80%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ALV's dividend (4.8%) is higher than the bottom 25% of dividend payers in the German market (1.15%).
High Dividend: ALV's dividend (4.8%) is in the top 25% of dividend payers in the German market (3.65%)
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 (57.7%), 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 (50.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Oliver Bäte (55 yo)
5.5yrs
Tenure
€6,676,000
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 ($USD7.98M) is above average for companies of similar size in the German market ($USD5.31M).
Compensation vs Earnings: Oliver's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board of Management & CEO | 5.5yrs | €6.68m | 0.0014% € 1.2m | |
| CFO & Member of the Board of Management | 2.83yrs | €3.81m | 0.00040% € 329.3k | |
| COO & Member of the Board of Management | 11.17yrs | €3.80m | 0.00040% € 329.3k | |
| Member of the Board of Management | 5.83yrs | €3.81m | 0.00040% € 329.3k | |
| Member of the Board of Management | 2.83yrs | €3.76m | 0.00040% € 329.3k | |
| Member of the Board of Management | 4.33yrs | €3.77m | 0.00040% € 329.3k | |
| Member of the Board of Management | 3.83yrs | €3.78m | 0.00040% € 329.3k | |
| Chief Business Transformation Officer & Member of the Board of Management | 2.58yrs | €3.81m | 0.00040% € 329.3k | |
| Member of Board of Management | 0.83yr | no data | no data | |
| Member of the Board of Management | 0.83yr | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Head of H8 - Asset Management & US Life Insurance | 8.83yrs | no data | no data |
3.8yrs
Average Tenure
55.5yo
Average Age
Experienced Management: ALV's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Head of Group Governmental Relations & Public Policy and Member of Joint Advisory Council | 5.83yrs | no data | no data | |
| Chairman of Supervisory Board | 3.5yrs | €484.00k | no data | |
| Member of Joint Advisory Council | 13.83yrs | no data | no data | |
| Member of International Advisory Board | 14.83yrs | no data | no data | |
| Member of the Supervisory Board | 3.5yrs | €181.00k | no data | |
| Member of International Advisory Board | no data | no data | no data | |
| Member of Joint Advisory Council | 10.83yrs | no data | no data | |
| Vice Chairman of Supervisory Board | 3.5yrs | €268.50k | no data | |
| Member of Joint Advisory Council | no data | no data | no data | |
| Member of the Supervisory Board | 3.5yrs | €156.00k | no data | |
| Member of the Supervisory Board | 4.5yrs | €284.00k | no data | |
| Vice Chairwoman of Supervisory Board | 2.17yrs | €243.50k | no data |
4.0yrs
Average Tenure
65yo
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: 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: €82.331b
- Shares outstanding: 411.70m
- Website: https://www.allianz.com
Number of Employees
Location
- Allianz SE
- Königinstrasse 28
- Munich
- Bavaria
- 80802
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ALIZ.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| 0M6S | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| ALV | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| ALV | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | EUR | Jan 1992 |
| ALV | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Jan 1992 |
| ALV | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| ALVD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| ALV N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Jan 1992 |
| ALV | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jan 1992 |
| ALLIANZ | BUSE (Budapest Stock Exchange) | Yes | Ordinary Shares | HU | HUF | Jan 1992 |
| ALVE | BST (Boerse-Stuttgart) | UNSPONSRD ADS | DE | EUR | Jan 2020 | |
| ALIZ.Y | OTCPK (Pink Sheets LLC) | UNSPONSRD ADS | US | USD | Jan 2020 | |
| ALVE | DB (Deutsche Boerse AG) | UNSPONSRD ADS | DE | EUR | Jan 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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/01 20:04 |
| End of Day Share Price | 2020/12/01 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.