Executive Summary
NÜRNBERGER Beteiligungs-AG operates as an insurance company in Germany.
Snowflake
Fundamentals
Undervalued established dividend payer.
Risks
- NÜRNBERGER Beteiligungs-AG is not covered by any analysts.
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
Market Performance
7 Day Return
0%
XTRA:NBG6
0.5%
DE Insurance
-0.7%
DE Market
1 Year Return
-1.4%
XTRA:NBG6
21.2%
DE Insurance
-7.6%
DE Market
NBG6 underperformed the Insurance industry which returned 21.2% over the past year.
NBG6 outperformed the Market in Germany which returned -7.6% over the past year.
Share holder returns
| NBG6 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 0.5% | -0.7% |
| 30 Day | 0% | 2.1% | -0.8% |
| 90 Day | -4.2% | 2.1% | -3.8% |
| 1 Year | 2.9%-1.4% | 26.5%21.2% | -4.7%-7.6% |
| 3 Year | 40.0%23.2% | 85.4%63.0% | 18.4%8.2% |
| 5 Year | 17.3%-5.5% | 101.2%61.1% | 28.8%11.1% |
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
No news available
Valuation
Is NÜRNBERGER Beteiligungs-AG undervalued based on future cash flows and its price relative to the stock market?
48%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
NÜRNBERGER Beteiligungs-AG's share price is below the future cash flow value, and at a moderate discount (> 20%).
NÜRNBERGER Beteiligungs-AG's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
NÜRNBERGER Beteiligungs-AG is good value based on earnings compared to the DE Insurance industry average.
NÜRNBERGER Beteiligungs-AG is good value based on earnings compared to the Germany market.
Price Based on Expected Growth
Unable to calculate PEG ratio for NÜRNBERGER Beteiligungs-AG, we can't assess if its growth is good value.
Price Based on Value of Assets
NÜRNBERGER Beteiligungs-AG is good value based on assets compared to the DE Insurance industry average.
Next Steps
Future Growth
How is NÜRNBERGER Beteiligungs-AG expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
3.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Unable to determine if NÜRNBERGER Beteiligungs-AG is high growth as no revenue estimate data is available.
NÜRNBERGER Beteiligungs-AG's earnings are expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Unable to compare NÜRNBERGER Beteiligungs-AG's revenue growth to the Germany market average as no estimate data is available.
NÜRNBERGER Beteiligungs-AG's earnings growth is positive but not above the Germany market average.
NÜRNBERGER Beteiligungs-AG's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if NÜRNBERGER Beteiligungs-AG will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next Steps
Past Performance
How has NÜRNBERGER Beteiligungs-AG performed over the past 5 years?
-3.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
NÜRNBERGER Beteiligungs-AG's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
NÜRNBERGER Beteiligungs-AG's 1-year earnings growth is negative, it can't be compared to the 5-year average.
NÜRNBERGER Beteiligungs-AG's 1-year earnings growth is negative, it can't be compared to the DE Insurance industry average.
Return on Equity
NÜRNBERGER Beteiligungs-AG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
NÜRNBERGER Beteiligungs-AG used its assets less efficiently than the DE Insurance industry average last year based on Return on Assets.
Return on Capital Employed
It is difficult to establish if NÜRNBERGER Beteiligungs-AG improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Next Steps
Financial Health
How is NÜRNBERGER Beteiligungs-AG's financial position?
Financial Position Analysis
NÜRNBERGER Beteiligungs-AG's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
NÜRNBERGER Beteiligungs-AG's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
NÜRNBERGER Beteiligungs-AG's level of debt (3.5%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (37.1% vs 3.5% today).
Operating cash flow is negative therefore debt is not well covered.
Unable to confirm if the interest payments on NÜRNBERGER Beteiligungs-AG's debt are well covered by earnings due to lack of past financial data.
Balance Sheet
Low level of unsold assets.
Debt is covered by short term assets, assets are 32.3x debt.
Next Steps
Dividend
What is NÜRNBERGER Beteiligungs-AG's current dividend yield, its reliability and sustainability?
4.55%
Current Dividend Yield
Dividend Yield and Payments Analysis
NÜRNBERGER Beteiligungs-AG's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
NÜRNBERGER Beteiligungs-AG's dividend is above the markets top 25% of dividend payers in Germany (3.92%).
Dividends per share have been stable in the past 10 years.
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.7x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of NÜRNBERGER Beteiligungs-AG's salary, the management and board of directors tenure and is there insider trading?
2.5yrs
Average management tenure
CEO
Armin Zitzmann (58yo)
6.5yrs
Tenure
€2,009,000
Compensation
Dr. Armin Zitzmann serves as Chairman of the Supervisory Board of the Nurnberger Allgemeine Versicherungs-AG and NÜRNBERGER Lebensversicherung AG. Dr. Zitzmann serves as the Chairman of Management Board at ...
CEO Compensation Analysis
Armin's remuneration is higher than average for companies of similar size in Germany.
Armin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
2.5yrs
Average Tenure
The tenure for the NÜRNBERGER Beteiligungs-AG management team is about average.
Board Age and Tenure
1.3yrs
Average Tenure
The average tenure for the NÜRNBERGER Beteiligungs-AG board of directors is less than 3 years, this suggests a new board.
Insider Trading
No 3 month individual insider trading information.
Ownership Breakdown
Management Team
Armin Zitzmann (58yo)
Chairman of the Management board
- Tenure: 6.5yrs
- Compensation: €2.01m
Walter Bockshecker
Member of Management Board
- Tenure: 15.3yrs
- Compensation: €1.16m
Jürgen Voß
Head of Capital Investments - Banking Business & Member of Management Board
- Tenure: 2.5yrs
- Compensation: €893.00k
Uwe Carr
Investor Relations
Martin Seibold
Member of Management Board
- Tenure: 1.5yrs
- Compensation: €764.00k
Harald Rosenberger
Member of Management Board
- Tenure: 0.5yrs
Board Members
Wolf-Rüdiger Knocke
Chairman of Supervisory Board
- Tenure: 1.3yrs
- Compensation: €882.00k
Franz Kranzler
Supervisory Board Member
- Tenure: 1.3yrs
Nadine Gatzert
Supervisory Board Member
- Tenure: 1.3yrs
Axel Wrosch
Employee Representative Supervisory Board Member
- Tenure: 1.3yrs
Holger Haas
Supervisory Board Member
- Tenure: 1.3yrs
Peter Forster
Employee Representative Supervisory Board Member
- Tenure: 2.5yrs
Eva Amschler
Supervisory Board Vice Chairman
- Tenure: 2.4yrs
Thomas Krummen
Employee Representative Supervisory Board Member
- Tenure: 6.3yrs
Stefanie Schulze
Employee Representative Supervisory Board Member
- Tenure: 1.3yrs
Dagmar Wöhrl (65yo)
Supervisory Board Member
- Tenure: 6.8yrs
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: €758.526m
- Shares outstanding: 11.49m
- Website: Click here
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 |
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 | 2019/07/21 22:43 |
| End of Day Share Price | 2019/07/19 00:00 |
| Earnings | 2018/12/31 |
| Annual Earnings | 2018/12/31 |
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.