XTRA:NBG6

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NÜRNBERGER Beteiligungs-AG

Executive Summary

NÜRNBERGER Beteiligungs-AG operates as an insurance company in Germany. More Details


Snowflake Analysis

Solid track record established dividend payer.

Share Price & News

How has NÜRNBERGER Beteiligungs-AG's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NBG6 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.4%

NBG6

-5.0%

DE Insurance

-6.9%

DE Market


1 Year Return

0.7%

NBG6

-27.9%

DE Insurance

-7.4%

DE Market

Return vs Industry: NBG6 exceeded the German Insurance industry which returned -27.9% over the past year.

Return vs Market: NBG6 exceeded the German Market which returned -7.4% over the past year.


Shareholder returns

NBG6IndustryMarket
7 Day-1.4%-5.0%-6.9%
30 Day-2.8%-8.7%-7.8%
90 Day-2.8%-13.4%-4.9%
1 Year5.7%0.7%-23.9%-27.9%-4.4%-7.4%
3 Year17.8%3.1%-3.3%-15.9%-9.5%-17.5%
5 Year25.1%0%27.5%1.1%12.4%-3.7%

Price Volatility Vs. Market

How volatile is NÜRNBERGER Beteiligungs-AG's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is NÜRNBERGER Beteiligungs-AG undervalued compared to its fair value and its price relative to the market?

47.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NBG6 (€69.5) is trading below our estimate of fair value (€132.18)

Significantly Below Fair Value: NBG6 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NBG6 is poor value based on its PE Ratio (11.9x) compared to the DE Insurance industry average (9.4x).

PE vs Market: NBG6 is good value based on its PE Ratio (11.9x) compared to the German market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: NBG6's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: NBG6's PB Ratio (0.9x) is in line with the DE Insurance industry average.


Next Steps

Future Growth

How is NÜRNBERGER Beteiligungs-AG forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-1.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NBG6's earnings are forecast to decline over the next 3 years (-1.9% per year).

Earnings vs Market: NBG6's earnings are forecast to decline over the next 3 years (-1.9% per year).

High Growth Earnings: NBG6's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NBG6's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: NBG6's revenue is forecast to decline over the next 3 years (-0.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if NBG6's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has NÜRNBERGER Beteiligungs-AG performed over the past 5 years?

5.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NBG6 has high quality earnings.

Growing Profit Margin: NBG6's current net profit margins (2.3%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: NBG6's earnings have grown by 5.1% per year over the past 5 years.

Accelerating Growth: NBG6's earnings growth over the past year (50.8%) exceeds its 5-year average (5.1% per year).

Earnings vs Industry: NBG6 earnings growth over the past year (50.8%) exceeded the Insurance industry -12.4%.


Return on Equity

High ROE: NBG6's Return on Equity (10.4%) is considered low.


Next Steps

Financial Health

How is NÜRNBERGER Beteiligungs-AG's financial position?


Financial Position Analysis

Short Term Liabilities: NBG6's short term assets (€1.3B) do not cover its short term liabilities (€1.8B).

Long Term Liabilities: NBG6's short term assets (€1.3B) do not cover its long term liabilities (€29.8B).


Debt to Equity History and Analysis

Debt Level: NBG6's debt to equity ratio (2.8%) is considered satisfactory.

Reducing Debt: NBG6's debt to equity ratio has reduced from 15.6% to 2.8% over the past 5 years.

Debt Coverage: NBG6's debt is well covered by operating cash flow (1230.8%).

Interest Coverage: Insufficient data to determine if NBG6's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is NÜRNBERGER Beteiligungs-AG current dividend yield, its reliability and sustainability?

4.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NBG6's dividend (4.75%) is higher than the bottom 25% of dividend payers in the German market (1.28%).

High Dividend: NBG6's dividend (4.75%) is in the top 25% of dividend payers in the German market (3.89%)


Stability and Growth of Payments

Stable Dividend: NBG6's dividends per share have been stable in the past 10 years.

Growing Dividend: NBG6's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.4%), NBG6's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Armin Zitzmann (59 yo)

7.75yrs

Tenure

€1,062,000

Compensation

Dr. Armin Zitzmann serves as Chairman of the Supervisory Board of the Nürnberger Allgemeine Versicherungs-AG (formerly known as Nurnberger Allgemeine Versicherungs-AG) and NÜRNBERGER Lebensversicherung AG. ...


CEO Compensation Analysis

Compensation vs Market: Armin's total compensation ($USD1.25M) is about average for companies of similar size in the German market ($USD1.41M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Armin Zitzmann
Chairman of the Management board7.75yrs€1.06mno data
Walter Bockshecker
Member of Management Board16.5yrs€649.00kno data
Jürgen Voß
Member of Management Board3.75yrs€727.00kno data
Martin Seibold
Member of Management Board2.75yrs€597.00kno data
Harald Rosenberger
Member of Management Board1.75yrs€551.00kno data
Monique Radisch
Member of Management Board0.75yrno datano data
Uwe Carr
Investor Relationsno datano datano data

3.3yrs

Average Tenure

Experienced Management: NBG6's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wolf-Rüdiger Knocke
Chairman of Supervisory Board2.5yrsno datano data
Dagmar Wöhrl
Supervisory Board Member8.08yrsno datano data
Thomas Krummen
Employee Representative Supervisory Board Member7.5yrsno datano data
Peter Forster
Employee Representative Supervisory Board Member3.75yrsno datano data
Eva Amschler
Employee Representative Supervisory Board Vice Chairman3.67yrsno datano data
Axel Wrosch
Employee Representative Supervisory Board Member2.5yrsno datano data
Stefanie Schulze
Employee Representative Supervisory Board Member2.5yrsno datano data
Franz Kranzler
Supervisory Board Member2.5yrsno datano data
Holger Haas
Supervisory Board Member2.5yrsno datano data
Ludger Arnoldussen
Supervisory Board Member2.5yrsno datano data
Nadine Gatzert
Supervisory Board Member2.5yrsno datano data
Nesrin Alkan-Öztürk
Employee Representatives Supervisory Board Member2.5yrsno datano data

2.5yrs

Average Tenure

Experienced Board: NBG6's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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

NÜRNBERGER Beteiligungs-AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NÜRNBERGER Beteiligungs-AG
  • Ticker: NBG6
  • Exchange: XTRA
  • Founded: 1884
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €804.497m
  • Shares outstanding: 11.49m
  • Website: https://www.nuernberger.de

Number of Employees


Location

  • NÜRNBERGER Beteiligungs-AG
  • Ostendstrasse 100
  • Nuremberg
  • Bavaria
  • 90334
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NBG6DB (Deutsche Boerse AG)YesSeries B Registered SharesDEEURJan 1992
NBG6XTRA (XETRA Trading Platform)YesSeries B Registered SharesDEEURJan 1992
NBG6dBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B Registered SharesGBEURJan 1992

Biography

NÜRNBERGER Beteiligungs-AG operates as an insurance company in Germany. The company offers car, motorcycle, oldtimerversicherung, long-term care, protection, life, and pension insurance products; personal, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 20:59
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.