Snowflake Score | |
---|---|
Valuation | 5/6 |
Future Growth | 2/6 |
Past Performance | 4/6 |
Financial Health | 2/6 |
Dividends | 5/6 |
MUV2 Stock Overview
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide.
Münchener Rückversicherungs-Gesellschaft in München Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | €235.50 |
52 Week High | €282.25 |
52 Week Low | €205.15 |
Beta | 0.99 |
1 Month Change | 6.71% |
3 Month Change | 5.70% |
1 Year Change | -7.90% |
3 Year Change | 6.80% |
5 Year Change | 32.86% |
Change since IPO | 292.96% |
Recent News & Updates
Here's Why We Think Münchener Rückversicherungs-Gesellschaft in München (ETR:MUV2) Is Well Worth Watching
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Shareholder Returns
MUV2 | DE Insurance | DE Market | |
---|---|---|---|
7D | 0.2% | 1.3% | 2.0% |
1Y | -7.9% | -7.6% | -19.6% |
Return vs Industry: MUV2 matched the German Insurance industry which returned -7.6% over the past year.
Return vs Market: MUV2 exceeded the German Market which returned -19.6% over the past year.
Price Volatility
MUV2 volatility | |
---|---|
MUV2 Average Weekly Movement | 3.5% |
Insurance Industry Average Movement | 3.6% |
Market Average Movement | 5.6% |
10% most volatile stocks in DE Market | 10.3% |
10% least volatile stocks in DE Market | 2.8% |
Stable Share Price: MUV2 is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MUV2's weekly volatility (4%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1880 | 40,177 | Joachim Wenning | https://www.munichre.com |
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through five segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life and Health Germany; ERGO Property-Casualty Germany; and ERGO International. It offers life and health reinsurance solutions, such as financial market risks, data analytics, claims handling and underwriting, medical research, health market, capital management, and digital underwriting and analytics, as well as MIRA digital suite; and property and casualty reinsurance solutions, including agricultural risk, data analytics, infrastructure risk profiler, remote inspection, retroactive reinsurance, insurance linked securities, location risk, risk transfer, and cyber, as well as NatCatSERVICE for natural catastrophe loss database, REALYTIX ZERO, IMPROVEX, cert2go, consulting for product development, prospective structured reinsurance, and Vahana AI for motor claims.
Münchener Rückversicherungs-Gesellschaft in München Fundamentals Summary
MUV2 fundamental statistics | |
---|---|
Market Cap | €32.77b |
Earnings (TTM) | €2.61b |
Revenue (TTM) | €64.07b |
12.6x
P/E Ratio0.5x
P/S RatioIs MUV2 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
MUV2 income statement (TTM) | |
---|---|
Revenue | €64.07b |
Cost of Revenue | €45.36b |
Gross Profit | €18.71b |
Other Expenses | €16.10b |
Earnings | €2.61b |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 08, 2022
Earnings per share (EPS) | 18.76 |
Gross Margin | 29.20% |
Net Profit Margin | 4.08% |
Debt/Equity Ratio | 21.5% |
How did MUV2 perform over the long term?
See historical performance and comparisonDividends
4.7%
Current Dividend Yield59%
Payout RatioValuation
Is MUV2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MUV2?
Other financial metrics that can be useful for relative valuation.
What is MUV2's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | €32.77b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 0.5x |
Enterprise Value/EBITDA | 10.2x |
PEG Ratio | 1.1x |
Price to Earnings Ratio vs Peers
How does MUV2's PE Ratio compare to its peers?
MUV2 PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 20.6x | ||
HNR1 Hannover Rück | 14.7x | 12.7% | €17.8b |
ALV Allianz | 17.7x | 20.3% | €71.6b |
TLX Talanx | 8.7x | 13.3% | €9.0b |
SREN Swiss Re | 41.4x | 30.4% | CHF21.6b |
MUV2 Münchener Rückversicherungs-Gesellschaft in München | 12.6x | 11.9% | €32.8b |
Price-To-Earnings vs Peers: MUV2 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (20.6x).
Price to Earnings Ratio vs Industry
How does MUV2's PE Ratio compare vs other companies in the European Insurance Industry?
Price-To-Earnings vs Industry: MUV2 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the German Insurance industry average (13.7x)
Price to Earnings Ratio vs Fair Ratio
What is MUV2's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 12.6x |
Fair PE Ratio | 15.9x |
Price-To-Earnings vs Fair Ratio: MUV2 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).
Share Price vs Fair Value
What is the Fair Price of MUV2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MUV2 (€235.5) is trading below our estimate of fair value (€822.34)
Significantly Below Fair Value: MUV2 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
Future Growth
How is Münchener Rückversicherungs-Gesellschaft in München forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
11.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MUV2's forecast earnings growth (11.9% per year) is above the savings rate (-0.01%).
Earnings vs Market: MUV2's earnings (11.9% per year) are forecast to grow faster than the German market (9.6% per year).
High Growth Earnings: MUV2's earnings are forecast to grow, but not significantly.
Revenue vs Market: MUV2's revenue (3.7% per year) is forecast to grow slower than the German market (4.6% per year).
High Growth Revenue: MUV2's revenue (3.7% 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 (12.3%).
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Past Performance
How has Münchener Rückversicherungs-Gesellschaft in München performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
14.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MUV2 has a high level of non-cash earnings.
Growing Profit Margin: MUV2's current net profit margins (4.1%) are higher than last year (3.4%).
Past Earnings Growth Analysis
Earnings Trend: MUV2's earnings have grown by 14.1% per year over the past 5 years.
Accelerating Growth: MUV2's earnings growth over the past year (23.9%) exceeds its 5-year average (14.1% per year).
Earnings vs Industry: MUV2 earnings growth over the past year (23.9%) exceeded the Insurance industry -15.3%.
Return on Equity
High ROE: MUV2's Return on Equity (11.1%) is considered low.
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Financial Health
How is Münchener Rückversicherungs-Gesellschaft in München's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: MUV2's short term assets (€43.9B) do not cover its short term liabilities (€108.1B).
Long Term Liabilities: MUV2's short term assets (€43.9B) do not cover its long term liabilities (€168.4B).
Debt to Equity History and Analysis
Debt Level: MUV2 has more cash than its total debt.
Reducing Debt: MUV2's debt to equity ratio has increased from 10.2% to 21.5% over the past 5 years.
Debt Coverage: MUV2's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MUV2's interest payments on its debt are well covered by EBIT (8.8x coverage).
Balance Sheet
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Dividend
What is Münchener Rückversicherungs-Gesellschaft in München current dividend yield, its reliability and sustainability?
Dividend Score
5/6Dividend Score 5/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
4.67%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MUV2's dividend (4.67%) is higher than the bottom 25% of dividend payers in the German market (1.45%).
High Dividend: MUV2's dividend (4.67%) is in the top 25% of dividend payers in the German market (4.48%)
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.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (59%), MUV2's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: MUV2 is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
6.9yrs
Average management tenure
CEO
Joachim Wenning (57 yo)
13.58yrs
Tenure
€5,875,750
Compensation
Dr. oec. publ. 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 reins...
CEO Compensation Analysis
Compensation vs Market: Joachim's total compensation ($USD5.98M) is about average for companies of similar size in the German market ($USD5.52M).
Compensation vs Earnings: Joachim's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: MUV2's management team is seasoned and experienced (6.9 years average tenure).
Board Members
Experienced Board: MUV2's board of directors are considered experienced (8.3 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
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München's employee growth, exchange listings and data sources
Key Information
- Name: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
- Ticker: MUV2
- Exchange: XTRA
- Founded: 1880
- Industry: Reinsurance
- Sector: Insurance
- Implied Market Cap: €32.769b
- Shares outstanding: 139.15m
- Website: https://www.munichre.com
Number of Employees
Location
- Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
- KOeniginstrasse 107
- Munich
- Bavaria
- 80802
- Germany
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/08/17 00:00 |
End of Day Share Price | 2022/08/17 00:00 |
Earnings | 2022/06/30 |
Annual Earnings | 2021/12/31 |
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.