Executive Summary
NÜRNBERGER Beteiligungs-AG operates as an insurance company in Germany.
Snowflake
Fundamentals
Established dividend payer and good value.
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%
NBG6
3.9%
DE Insurance
4.4%
DE Market
1 Year Return
1.5%
NBG6
23.1%
DE Insurance
1.6%
DE Market
Return vs Industry: NBG6 underperformed the German Insurance industry which returned 23.1% over the past year.
Return vs Market: NBG6 matched the German Market which returned 1.6% over the past year.
Shareholder returns
| NBG6 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 3.9% | 4.4% |
| 30 Day | -1.4% | 2.9% | 0.8% |
| 90 Day | 2.2% | 2.7% | 2.3% |
| 1 Year | 5.9%1.5% | 28.5%23.1% | 4.8%1.6% |
| 3 Year | 41.9%24.8% | 71.2%50.5% | 18.9%8.6% |
| 5 Year | 17.3%-5.5% | 123.0%78.6% | 43.7%24.1% |
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
1 week ago | Simply Wall St
NÜRNBERGER Beteiligungs-AG (ETR:NBG6) Shareholders Have Enjoyed A 23% Share Price Gain1 month ago | Simply Wall St
Should You Buy NÜRNBERGER Beteiligungs-AG (ETR:NBG6) For Its Dividend?2 months ago | Simply Wall St
Don't Sell NÜRNBERGER Beteiligungs-AG (ETR:NBG6) Before You Read ThisValuation
Is NÜRNBERGER Beteiligungs-AG undervalued compared to its fair value and its price relative to the market?
35.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: NBG6 (€69) is trading below our estimate of fair value (€107.06)
Significantly Undervalued: NBG6 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NBG6 is good value based on its PE Ratio (13.5x) compared to the Insurance industry average (13.5x).
PE vs Market: NBG6 is good value based on its PE Ratio (13.5x) compared to the German market (19.5x).
Price to Earnings Growth Ratio
Low PEG Ratio: NBG6 is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: NBG6 is good value based on its PB Ratio (1x) compared to the DE Insurance industry average (1.1x).
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?
3.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NBG6's forecast earnings growth (3.8% per year) is above the savings rate (0.2%).
Earnings vs Market: NBG6's earnings (3.8% per year) are forecast to grow slower than the German market (12.6% per year).
High Growth Earnings: NBG6's earnings are forecast to grow, but not significantly.
Revenue vs Market: NBG6's revenue (0.3% per year) is forecast to grow slower than the German market (5% per year).
High Growth Revenue: NBG6's revenue (0.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High 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?
-6.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: NBG6's earnings have declined by -6.8% per year over the past 5 years.
Accelerating Growth: NBG6's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NBG6 had negative earnings growth (-24.1%) over the past year, making it difficult to compare to the Insurance industry average (15.2%).
Return on Equity
High ROE: NBG6's Return on Equity (7.3%) is considered low.
Return on Assets
ROA vs Industry: NBG6's Return on Assets is below or equal to the Insurance industry average last year.
Return on Capital Employed
ROCE Improving: NBG6's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is NÜRNBERGER Beteiligungs-AG's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: NBG6 has a low level of unsold assets or inventory.
Debt Coverage by Assets: NBG6's debt is covered by short term assets (assets are 30.496610x debt).
Financial Institutions Analysis
Asset Level: NBG6's level of assets compared to its equity is very high.
Allowance for Bad Loans: Insufficient data to determine if NBG6 has a sufficient allowance for bad loans.
Low Risk Liabilities: NBG6 reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if NBG6 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: NBG6 has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if NBG6 has an appropriate level of bad loans.
Next Steps
Dividend
What is NÜRNBERGER Beteiligungs-AG's current dividend yield, its reliability and sustainability?
4.35%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: NBG6's dividend (4.35%) is higher than the bottom 25% of dividend payers in the German market (1.45%).
High Dividend: NBG6's dividend (4.35%) is in the top 25% of dividend payers in the German market (3.85%)
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 (58.8%), 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
What is the CEO of NÜRNBERGER Beteiligungs-AG's salary, the management and board of directors tenure and is there insider trading?
2.8yrs
Average management tenure
CEO
Armin Zitzmann (58yo)
6.8yrs
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
Compensation vs. Market: Insufficient data to establish whether Armin's total compensation is reasonable compared to companies of similar size in the German market.
Compensation vs Earnings: 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
2.8yrs
Average Tenure
Experienced Management: NBG6's management team is considered experienced (2.8 years average tenure).
Board Age and Tenure
1.5yrs
Average Tenure
Experienced Board: NBG6's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Armin Zitzmann (58yo)
Chairman of the Management board
- Tenure: 6.8yrs
- Compensation: €2.01m
Walter Bockshecker
Member of Management Board
- Tenure: 15.5yrs
- Compensation: €1.16m
Jürgen Voß
Head of Capital Investments - Banking Business & Member of Management Board
- Tenure: 2.8yrs
- Compensation: €893.00k
Uwe Carr
Investor Relations
- Tenure: 0yrs
Martin Seibold
Member of Management Board
- Tenure: 1.8yrs
- Compensation: €764.00k
Harald Rosenberger
Member of Management Board
- Tenure: 0.8yrs
Board Members
Wolf-Rüdiger Knocke
Chairman of Supervisory Board
- Tenure: 1.5yrs
- Compensation: €882.00k
Dagmar Wöhrl (65yo)
Supervisory Board Member
- Tenure: 7.1yrs
Thomas Krummen
Employee Representative Supervisory Board Member
- Tenure: 6.5yrs
Peter Forster
Employee Representative Supervisory Board Member
- Tenure: 2.8yrs
Eva Amschler
Supervisory Board Vice Chairman
- Tenure: 2.7yrs
Axel Wrosch
Employee Representative Supervisory Board Member
- Tenure: 1.5yrs
Stefanie Schulze
Employee Representative Supervisory Board Member
- Tenure: 1.5yrs
Franz Kranzler
Supervisory Board Member
- Tenure: 1.5yrs
Holger Haas
Supervisory Board Member
- Tenure: 1.5yrs
Nadine Gatzert
Supervisory Board Member
- Tenure: 1.5yrs
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: €793.004m
- 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 |
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 | 2019/10/15 20:48 |
| End of Day Share Price | 2019/10/15 00:00 |
| Earnings | 2019/06/30 |
| 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.