Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. More Details
Established dividend payer and fair value.
Share Price & News
How has Münchener Rückversicherungs-Gesellschaft in München's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MUV2 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MUV2's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: MUV2 matched the German Insurance industry which returned -12.4% over the past year.
Return vs Market: MUV2 underperformed the German Market which returned 2.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Münchener Rückversicherungs-Gesellschaft in München's share price compared to the market and industry in the last 5 years?
Simply Wall St News
20 hours ago | Simply Wall StCan Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München's (ETR:MUV2) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?
3 weeks ago | Simply Wall StA Look At Münchener Rückversicherungs-Gesellschaft in München's (ETR:MUV2) CEO Remuneration
Is Münchener Rückversicherungs-Gesellschaft in München undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MUV2 (€237.5) is trading below our estimate of fair value (€506.33)
Significantly Below Fair Value: MUV2 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MUV2 is poor value based on its PE Ratio (27.4x) compared to the DE Insurance industry average (12.2x).
PE vs Market: MUV2 is poor value based on its PE Ratio (27.4x) compared to the German market (23.9x).
Price to Earnings Growth Ratio
PEG Ratio: MUV2 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: MUV2's PB Ratio (1.1x) is in line with the DE Insurance industry average.
How is Münchener Rückversicherungs-Gesellschaft in München forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MUV2's forecast earnings growth (31.3% per year) is above the savings rate (0.07%).
Earnings vs Market: MUV2's earnings (31.3% per year) are forecast to grow faster than the German market (25.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MUV2's revenue (3.2% per year) is forecast to grow slower than the German market (5.9% per year).
High Growth Revenue: MUV2's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MUV2's Return on Equity is forecast to be low in 3 years time (10.5%).
How has Münchener Rückversicherungs-Gesellschaft in München performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MUV2 has high quality earnings.
Growing Profit Margin: MUV2's current net profit margins (2.1%) are lower than last year (5%).
Past Earnings Growth Analysis
Earnings Trend: MUV2's earnings have declined by 7.8% per year over the past 5 years.
Accelerating Growth: MUV2's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MUV2 had negative earnings growth (-55.9%) over the past year, making it difficult to compare to the Insurance industry average (-23.4%).
Return on Equity
High ROE: MUV2's Return on Equity (4.1%) is considered low.
How is Münchener Rückversicherungs-Gesellschaft in München's financial position?
Financial Position Analysis
Short Term Liabilities: MUV2's short term assets (€34.5B) do not cover its short term liabilities (€85.3B).
Long Term Liabilities: MUV2's short term assets (€34.5B) do not cover its long term liabilities (€181.0B).
Debt to Equity History and Analysis
Debt Level: MUV2's debt to equity ratio (16.5%) is considered satisfactory.
Reducing Debt: MUV2's debt to equity ratio has increased from 15.8% to 16.5% over the past 5 years.
Debt Coverage: MUV2's debt is well covered by operating cash flow (164.5%).
Interest Coverage: MUV2's interest payments on its debt are well covered by EBIT (7x coverage).
What is Münchener Rückversicherungs-Gesellschaft in München current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MUV2's dividend (4.13%) is higher than the bottom 25% of dividend payers in the German market (1.02%).
High Dividend: MUV2's dividend (4.13%) is in the top 25% of dividend payers in the German market (3.51%)
Stability and Growth of Payments
Stable Dividend: MUV2's dividends per share have been stable in the past 10 years.
Growing Dividend: MUV2's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (113.1%), MUV2's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MUV2's dividends in 3 years are forecast to be well covered by earnings (45.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joachim Wenning (55 yo)
Dr. Joachim Wenning joined Münchener Rückversicherungs-Gesellschaft AG (“Munich Re”) in 1991, where he worked until early 1997 as a treaty specialist with technical responsibility for life reinsurance clie...
CEO Compensation Analysis
Compensation vs Market: Joachim's total compensation ($USD6.80M) is about average for companies of similar size in the German market ($USD5.38M).
Compensation vs Earnings: Joachim's compensation has been consistent with company performance over the past year.
|Chairman of the Management Board||3.75yrs||€5.63m||0.0084% |
|CFO & Member Management Board||2yrs||€3.29m||0.0026% |
|Member of the Board of Management & CEO of Reinsurance Business||17.25yrs||€3.99m||0.0029% |
|Member of the Board of Management||15.25yrs||€2.75m||0.0032% |
|Labour Relations Director & Member of the Board of Management||6.67yrs||€2.73m||0.0027% |
|Member of the Board of Management||5.33yrs||€4.01m||0.0024% |
|Chief Investment Officer & Member of Management Board||1.83yrs||€2.36m||no data|
|Head of the Operation||no data||no data||no data|
|Member of Management Board||0.67yr||no data||no data|
|Chief Underwriter||no data||no data||no data|
|Head of Investor & Rating Agency Relations||no data||no data||no data|
|Head of Group Communications||no data||no data||no data|
Experienced Management: MUV2's management team is considered experienced (4.5 years average tenure).
|Honorary Chairman of the Supervisory Board||8yrs||no data||no data|
|Independent Supervisory Board Member||8yrs||€222.50k||no data|
|Independent Supervisory Board Member||11.75yrs||€106.00k||no data|
|Independent Supervisory Board Member||4.75yrs||€106.00k||no data|
|Independent Chairman of the Supervisory Board||1.75yrs||€282.75k||no data|
|Independent Supervisory Board Member||3.5yrs||€192.50k||no data|
|Independent Supervisory Board Member||6.75yrs||€121.00k||no data|
|Independent Supervisory Board Member||10.92yrs||€106.00k||no data|
|Independent Supervisory Board Member||6.75yrs||€151.25k||no data|
|Independent Supervisory Board Member||6.75yrs||€106.00k||no data|
|Independent Deputy Chairman of Supervisory Board||1.75yrs||€175.08k||no data|
|Independent Supervisory Board Member||6.75yrs||€106.00k||no data|
Experienced Board: MUV2's board of directors are considered experienced (6.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München's company bio, employee growth, exchange listings and data sources
- Name: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
- Ticker: MUV2
- Exchange: XTRA
- Founded: 1880
- Industry: Reinsurance
- Sector: Insurance
- Market Cap: €33.302b
- Shares outstanding: 140.10m
- Website: https://www.munichre.com
Number of Employees
- Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
- Königinstrasse 107
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MURG.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||Jan 1992|
|MUV2||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Jan 1992|
|0KFE||LSE (London Stock Exchange)||Yes||Registered Shares||GB||EUR||Jan 1992|
|MUV2||BIT (Borsa Italiana)||Yes||Registered Shares||IT||EUR||Jan 1992|
|MUV2||XTRA (XETRA Trading Platform)||Yes||Registered Shares||DE||EUR||Jan 1992|
|MUV2D||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Registered Shares||GB||EUR||Jan 1992|
|MUV||WBAG (Wiener Boerse AG)||Yes||Registered Shares||AT||EUR||Jan 1992|
|MUV2 N||BMV (Bolsa Mexicana de Valores)||Yes||Registered Shares||MX||MXN||Jan 1992|
|MUV2||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||Jan 1992|
|MEURV||ENXTBR (Euronext Brussels)||Yes||Registered Shares||BE||EUR||Jan 1992|
|MUNICHRE||BUSE (Budapest Stock Exchange)||Yes||Registered Shares||HU||HUF||Jan 1992|
|MURG.Y||OTCPK (Pink Sheets LLC)||UNSP ADR EACH REPR 0.10 ORD||US||USD||Oct 2008|
|MUVB||DB (Deutsche Boerse AG)||UNSP ADR EACH REPR 0.10 ORD||DE||EUR||Oct 2008|
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. It operates through five segments: Life and Health Reinsurance; Propert...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/18 19:48|
|End of Day Share Price||2021/01/18 00:00|
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.