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DFV Deutsche Familienversicherung

XTRA:DFV
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DFV
XTRA
€132M
Market Cap
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Last updated 2019/07/20 23:35
Company description

The last earnings update was 100 days ago. More info.

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  • DFV Deutsche Familienversicherung is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
DFV Share Price and Events
7 Day Returns
-9.6%
XTRA:DFV
0.5%
DE Insurance
-0.7%
DE Market
1 Year Returns
-
XTRA:DFV
21.2%
DE Insurance
-7.6%
DE Market
DFV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DFV Deutsche Familienversicherung (DFV) -9.6% -4% -8.4% - - -
DE Insurance 0.5% 2% 2.1% 21.2% 63% 61.1%
DE Market -0.7% -0.5% -3.8% -7.6% 8.3% 11.1%
1 Year Return vs Industry and Market
  • No trading data on DFV.
  • No trading data on DFV.
Price Volatility
Industry
5yr Volatility vs Market

DFV Value

 Is DFV Deutsche Familienversicherung undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of DFV Deutsche Familienversicherung to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for DFV Deutsche Familienversicherung.

XTRA:DFV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €2.16 * 6% 		€0.13
Book Value of Equity per Share Median Book Value from the past 5 years. €2.16
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XTRA:DFV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 30%) (0%)) 		0.789
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%) 		5%

Discounted Cash Flow Calculation for XTRA:DFV using Excess Returns Model Model

The calculations below outline how an intrinsic value for DFV Deutsche Familienversicherung is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

XTRA:DFV Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6% – 5%) * €2.16) 		€0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.02 / (5% - 0.23%) 		€0.45
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €2.16 + €0.45 		€2.61
XTRA:DFV Discount to Share Price
Calculation Result
Value per share (EUR) From above. €2.61
Current discount Discount to share price of €9.94
= -1 x (€9.94 - €2.61) / €2.61 		-280.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of DFV Deutsche Familienversicherung is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for DFV Deutsche Familienversicherung's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DFV Deutsche Familienversicherung's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:DFV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.36
XTRA:DFV Share Price ** XTRA (2019-07-19) in EUR €9.94
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.38x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of DFV Deutsche Familienversicherung.

XTRA:DFV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:DFV Share Price ÷ EPS (both in EUR)

= 9.94 ÷ -0.36

 -27.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DFV Deutsche Familienversicherung is loss making, we can't compare its value to the DE Insurance industry average.
  • DFV Deutsche Familienversicherung is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does DFV Deutsche Familienversicherung's expected growth come at a high price?
Raw Data
XTRA:DFV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -27.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts		 50.9%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.16x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for DFV Deutsche Familienversicherung, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on DFV Deutsche Familienversicherung's assets?
Raw Data
XTRA:DFV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €6.41
XTRA:DFV Share Price * XTRA (2019-07-19) in EUR €9.94
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.09x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
XTRA:DFV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:DFV Share Price ÷ Book Value per Share (both in EUR)

= 9.94 ÷ 6.41

 1.55x

* Primary Listing of DFV Deutsche Familienversicherung.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DFV Deutsche Familienversicherung is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess DFV Deutsche Familienversicherung's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
    5. DFV Deutsche Familienversicherung has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DFV Future Performance

 How is DFV Deutsche Familienversicherung expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
50.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is DFV Deutsche Familienversicherung expected to grow at an attractive rate?
  • DFV Deutsche Familienversicherung's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • DFV Deutsche Familienversicherung's earnings growth is expected to exceed the Germany market average.
  • DFV Deutsche Familienversicherung's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:DFV Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:DFV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 50.9%
XTRA:DFV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 26.1%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XTRA:DFV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:DFV Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 208 9 1
2022-12-31 175 7 1
2021-12-31 155 9 6 2
2020-12-31 129 1 3 2
2019-12-31 89 -3 -5 1
XTRA:DFV Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 35 7 -3
2018-09-30 34 12 -1
2018-06-30 34 18 1
2018-03-31 33 17 1
2017-12-31 33 17 1
2016-12-31 28 15 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • DFV Deutsche Familienversicherung's earnings are expected to grow significantly at over 20% yearly.
  • DFV Deutsche Familienversicherung's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XTRA:DFV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from DFV Deutsche Familienversicherung Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:DFV Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.42 0.42 0.42 1.00
2020-12-31 0.12 0.24 0.00 2.00
2019-12-31 -0.37 -0.37 -0.37 1.00
XTRA:DFV Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.36
2018-09-30
2018-06-30 0.13
2018-03-31 0.15
2017-12-31 0.09
2016-12-31 0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • DFV Deutsche Familienversicherung is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Show me more growth companies in the Insurance industry
X
Future performance checks
We assess DFV Deutsche Familienversicherung's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
DFV Deutsche Familienversicherung has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DFV Past Performance

  How has DFV Deutsche Familienversicherung performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare DFV Deutsche Familienversicherung's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • DFV Deutsche Familienversicherung does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare DFV Deutsche Familienversicherung's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare DFV Deutsche Familienversicherung's 1-year growth to the DE Insurance industry average as it is not currently profitable.
Earnings and Revenue History
DFV Deutsche Familienversicherung's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from DFV Deutsche Familienversicherung Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:DFV Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 34.74 -3.34 14.54
2018-09-30 34.12 -1.09 12.84
2018-06-30 33.51 1.16 11.15
2018-03-31 33.30 1.32 11.29
2017-12-31 33.10 1.48 11.42
2016-12-31 28.07 1.70 7.87
2015-12-31 28.40 0.87 7.72
2014-12-31 28.39 -1.80 12.87

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if DFV Deutsche Familienversicherung has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if DFV Deutsche Familienversicherung has efficiently used its assets last year compared to the DE Insurance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if DFV Deutsche Familienversicherung improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess DFV Deutsche Familienversicherung's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
DFV Deutsche Familienversicherung has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DFV Health

 How is DFV Deutsche Familienversicherung's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up DFV Deutsche Familienversicherung's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DFV Deutsche Familienversicherung is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • DFV Deutsche Familienversicherung's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of DFV Deutsche Familienversicherung's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • DFV Deutsche Familienversicherung has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from DFV Deutsche Familienversicherung Company Filings, last reported 6 months ago.

XTRA:DFV Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 59.17 0.00 9.03
2018-09-30 59.17 0.00 9.03
2018-06-30 19.34 0.00 5.02
2018-03-31 19.34 0.00 5.02
2017-12-31 19.45 0.00 5.51
2016-12-31 18.52 0.00 4.66
2015-12-31 17.05 0.00 8.54
2014-12-31 14.37 0.00 1.74
  • DFV Deutsche Familienversicherung has no debt.
  • DFV Deutsche Familienversicherung has not taken on any debt in the past 5 years.
  • DFV Deutsche Familienversicherung has no debt, it does not need to be covered by operating cash flow.
  • DFV Deutsche Familienversicherung has no debt, therefore coverage of interest payments is not a concern.
Show me more healthy companies in the Insurance industry
X
Financial health checks
We assess DFV Deutsche Familienversicherung's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. DFV Deutsche Familienversicherung has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DFV Dividends

 What is DFV Deutsche Familienversicherung's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from DFV Deutsche Familienversicherung dividends.
If you bought €2,000 of DFV Deutsche Familienversicherung shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate DFV Deutsche Familienversicherung's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate DFV Deutsche Familienversicherung's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XTRA:DFV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XTRA:DFV Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as DFV Deutsche Familienversicherung has not reported any payouts.
  • Unable to verify if DFV Deutsche Familienversicherung's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of DFV Deutsche Familienversicherung's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as DFV Deutsche Familienversicherung has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess DFV Deutsche Familienversicherung's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can DFV Deutsche Familienversicherung afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. DFV Deutsche Familienversicherung has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DFV Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stefan Knoll
COMPENSATION €569,000
AGE 62
CEO Bio

Dr. Stefan M. Knoll Founded the DFV Deutsche Familienversicherung AG. Mr. Knoll serves as Chief Executive Officer at DFV Deutsche Familienversicherung AG and has been its Member of Management Board since 2006 and Chairman of the Management Board since 2015. From 1979 to 1986, Dr. Knoll studied law at the University of Augsburg, Germany, where he graduated with an Assessor iuris and received his doctorate in 1989. Dr. Knoll started his career in 1988 at Allianz Versicherung-Aktiengesellschaft (today Allianz Aktiengesellschaft). There, he worked as branch manager and sales manager. In 1994, Dr. Knoll founded DIATEL DIREKT AssekuranzMarketing GmbH and managed the company as managing director until 2000. In 2000, he founded SNT Deutschland AG where he was chief executive officer from 2000 to 2005. Subsequently, Dr. Knoll founded the Company in 2006 and has been a member of the Management Board from then on. Since 2015 he has been the chairman of the Management Board. In addition, Dr. Knoll serves in the German army (Bundeswehr) as colonel of reserve (Oberst der Reserve). He regularly publishes professional articles, primarily on leadership issues. Alongside his office as a member of the Management Board, Dr. Knoll is, or was within the last five years, a member of the administrative, management or supervisory bodies of and/or partner in the following companies and partnerships outside the Company: Currently: • SK Beteiligungen GmbH (managing director). Previously: • DFV Beteiligungsgesellschaft mbH & Co. KG (managing director).

CEO Compensation
  • Stefan's compensation has increased whilst company is loss making.
  • Stefan's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the DFV Deutsche Familienversicherung management team in years:

1.3
Average Tenure
56
Average Age
  • The average tenure for the DFV Deutsche Familienversicherung management team is less than 2 years, this suggests a new team.
Management Team

Stefan Knoll

TITLE
Founder
COMPENSATION
€569K
AGE
62

Michael Morgenstern

TITLE
CFO & Member of Management Board
COMPENSATION
€348K
AGE
53
TENURE
1.3 yrs

Stephan Schinnenburg

TITLE
Chief Sales Officer & Member of Management Board
COMPENSATION
€365K
AGE
59
TENURE
1.5 yrs

Marcus Wollny

TITLE
COO & Member of Management Board
COMPENSATION
€205K
AGE
50
TENURE
0.9 yrs

Lutz Kiesewetter

TITLE
Head of Corporate Communications & Investor Relations
Board of Directors Tenure

Average tenure and age of the DFV Deutsche Familienversicherung board of directors in years:

4.5
Average Tenure
61.5
Average Age
  • The tenure for the DFV Deutsche Familienversicherung board of directors is about average.
Board of Directors

Hans-Werner Rhein

TITLE
Chairman of the Supervisory Board
AGE
67

Luca Pesarini

TITLE
Member of Supervisory Board
AGE
57
TENURE
8.5 yrs

Herbert Pfennig

TITLE
Member of Supervisory Board
AGE
65
TENURE
4.5 yrs

Georg Glatzel

TITLE
Member of Supervisory Board
AGE
58
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess DFV Deutsche Familienversicherung's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. DFV Deutsche Familienversicherung has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DFV News

Simply Wall St News

DFV Company Info

Description

Details
Name: DFV Deutsche Familienversicherung AG
DFV
Exchange: XTRA
Founded:
€131,820,502
13,261,620
Website: http://www.dfv.ag
Address: DFV Deutsche Familienversicherung AG
Reuterweg 47,
Frankfurt,
Hessen, 60323,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA DFV Ordinary Bearer Shares XETRA Trading Platform DE EUR 09. Nov 2018
DB DFV Ordinary Bearer Shares Deutsche Boerse AG DE EUR 09. Nov 2018
Number of employees
Current staff
Staff numbers
111
DFV Deutsche Familienversicherung employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 23:35
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/04/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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