Executive Summary
NÜRNBERGER Beteiligungs-AG operates as an insurance company in Germany. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 1.9% per year for the next 3 years
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 is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: NBG6's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
0%
NBG6
-1.5%
DE Insurance
-1.2%
DE Market
1 Year Return
5.8%
NBG6
-12.4%
DE Insurance
2.3%
DE Market
Return vs Industry: NBG6 exceeded the German Insurance industry which returned -12.4% over the past year.
Return vs Market: NBG6 exceeded the German Market which returned 2.3% over the past year.
Shareholder returns
| NBG6 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -1.5% | -1.2% |
| 30 Day | 1.4% | 0.2% | 1.8% |
| 90 Day | 2.8% | 17.2% | 8.5% |
| 1 Year | 11.0%5.8% | -7.6%-12.4% | 5.6%2.3% |
| 3 Year | 15.0%0.7% | 20.1%4.5% | 3.6%-5.5% |
| 5 Year | 40.8%12.6% | 70.7%35.4% | 41.3%21.3% |
Long-Term 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
2 weeks ago | Simply Wall St
What You Need To Know About NÜRNBERGER Beteiligungs-AG's (ETR:NBG6) Investor Composition1 month ago | Simply Wall St
NÜRNBERGER Beteiligungs-AG's (ETR:NBG6) Recent Stock Price Movement Is Nothing To Get Excited About But Financials Could Add More To The Story2 months ago | Simply Wall St
Key Things To Watch Out For If You Are After NÜRNBERGER Beteiligungs-AG's (ETR:NBG6) 4.7% DividendValuation
Is NÜRNBERGER Beteiligungs-AG undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NBG6 (€72.5) is trading below our estimate of fair value (€152.16)
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 (12.4x) compared to the DE Insurance industry average (12.2x).
PE vs Market: NBG6 is good value based on its PE Ratio (12.4x) compared to the German market (23.9x).
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 (1x) 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 0 analysts?
-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: Insufficient data to determine if NBG6's revenue is forecast to grow faster than the German market.
High Growth Revenue: Insufficient data to determine if NBG6's revenue is forecast to grow faster than 20% 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 -23.4%.
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?
4.55%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NBG6's dividend (4.55%) is higher than the bottom 25% of dividend payers in the German market (1.02%).
High Dividend: NBG6's dividend (4.55%) is in the top 25% of dividend payers in the German market (3.51%)
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?
3.5yrs
Average management tenure
CEO
Armin Zitzmann (59 yo)
8yrs
Tenure
€1,062,000
Compensation
Dr. Armin Zitzmann serves as Chairman of the Supervisory Board at NUERNBERGER Krankenversicherung AG. Dr. Zitzmann serves as Chairman of the Supervisory Board of the Nürnberger Allgemeine Versicherungs-AG ...
CEO Compensation Analysis
Compensation vs Market: Armin's total compensation ($USD1.28M) is about average for companies of similar size in the German market ($USD1.20M).
Compensation vs Earnings: Armin's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Management board | 8yrs | €1.06m | no data | |
| Member of Management Board | 16.75yrs | €649.00k | no data | |
| Member of Management Board | 4yrs | €727.00k | no data | |
| Member of Management Board | 3yrs | €597.00k | no data | |
| Member of Management Board | 2yrs | €551.00k | no data | |
| Member of Management Board | no data | no data | no data | |
| Member of Management Board | 1yr | no data | no data | |
| Member of Management Board | no data | no data | no data | |
| Investor Relations | no data | no data | no data |
3.5yrs
Average Tenure
Experienced Management: NBG6's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Supervisory Board | 2.75yrs | no data | no data | |
| Supervisory Board Member | 8.33yrs | no data | no data | |
| Employee Representative Supervisory Board Member | 7.75yrs | no data | no data | |
| Employee Representative Supervisory Board Member | 4yrs | no data | no data | |
| Employee Representative Supervisory Board Vice Chairman | 3.92yrs | no data | no data | |
| Employee Representative Supervisory Board Member | 2.75yrs | no data | no data | |
| Employee Representative Supervisory Board Member | 2.75yrs | no data | no data | |
| Supervisory Board Member | 2.75yrs | no data | no data | |
| Supervisory Board Member | 2.75yrs | no data | no data | |
| Supervisory Board Member | 2.75yrs | no data | no data | |
| Supervisory Board Member | 2.75yrs | no data | no data | |
| Employee Representatives Supervisory Board Member | 2.75yrs | no data | no data |
2.8yrs
Average Tenure
Experienced Board: NBG6's board of directors are not considered experienced ( 2.8 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: €833.229m
- Shares outstanding: 11.49m
- Website: https://www.nuernberger.de
Number of Employees
Location
- NÜRNBERGER Beteiligungs-AG
- Ostendstrasse 100
- Nuremberg
- Bavaria
- 90334
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NBG6 | DB (Deutsche Boerse AG) | Yes | Series B Registered Shares | DE | EUR | Jan 1992 |
| NBG6 | XTRA (XETRA Trading Platform) | Yes | Series B Registered Shares | DE | EUR | Jan 1992 |
| NBG6d | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Series B Registered Shares | GB | EUR | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 18:34 |
| End of Day Share Price | 2021/01/18 00:00 |
| Earnings | 2020/06/30 |
| 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.