Wüstenrot & Württembergische
Wüstenrot & Württembergische AG, together with its subsidiaries, provides banking and insurance products and services to private individuals and businesses in Germany, the Czech Republic, and internationally. The last earnings update was 69 days ago. More info.
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WUW Share Price and Events
7 Day Returns
1 Year Returns
WUW Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Wüstenrot & Württembergische (WUW) | -3.2% | -0.4% | 0.8% | 2.9% | 8.4% | 2.3% |
| DE Insurance | -0.6% | 1.1% | 1.4% | 19.7% | 61.5% | 60.8% |
| DE Market | -0.9% | -0.4% | -3.7% | -7.4% | 8.1% | 12% |
1 Year Return vs Industry and Market
- WUW underperformed the Insurance industry which returned 19.7% over the past year.
- WUW outperformed the Market in Germany which returned -7.4% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Wüstenrot & Württembergische
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Wüstenrot & Württembergische.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = €51.19 * 6.3% |
€3.21 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 2 analysts. | €51.19 |
| Discount Rate (Cost of Equity) | See below | 8.9% |
| Perpetual Growth Rate | 10-Year DE Government Bond Rate | 0.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year DE Govt Bond Rate | 0.2% |
| Equity Risk Premium | S&P Global | 6% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.68 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 30%) (206.47%)) |
1.452 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.45 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.452 * 5.96%) |
8.88% |
Discounted Cash Flow Calculation for XTRA:WUW using Excess Returns Model Model
The calculations below outline how an intrinsic value for Wüstenrot & Württembergische is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (6.3% – 8.88%) * €51.19) |
€-1.34 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= €-1.34 / (8.88% - 0.23%) |
€-15.46 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= €51.19 + €-15.46 |
€35.73 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €35.73 |
| Current discount | Discount to share price of
€18.72
= -1 x (€18.72 - €35.73) / €35.73 |
47.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Wüstenrot & Württembergische's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Wüstenrot & Württembergische's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Wüstenrot & Württembergische's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Wüstenrot & Württembergische's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in EUR | €2.51 |
| XTRA:WUW Share Price ** | XTRA (2019-07-23) in EUR | €18.72 |
| Germany Insurance Industry PE Ratio | Median Figure of 6 Publicly-Listed Insurance Companies | 13.42x |
| Germany Market PE Ratio | Median Figure of 422 Publicly-Listed Companies | 19.71x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Wüstenrot & Württembergische.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = XTRA:WUW Share Price ÷ EPS (both in EUR) = 18.72 ÷ 2.51 |
7.46x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Wüstenrot & Württembergische is good value based on earnings compared to the DE Insurance industry average.
- Wüstenrot & Württembergische is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does
Wüstenrot & Württembergische's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.46x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
2.2%per year |
| Germany Insurance Industry PEG Ratio | Median Figure of 5 Publicly-Listed Insurance Companies | 3.13x |
| Germany Market PEG Ratio | Median Figure of 270 Publicly-Listed Companies | 1.43x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.46x ÷ 2.2% |
3.43x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Wüstenrot & Württembergische is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Wüstenrot & Württembergische's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in EUR | €50.33 |
| XTRA:WUW Share Price * | XTRA (2019-07-23) in EUR | €18.72 |
| Germany Insurance Industry PB Ratio | Median Figure of 6 Publicly-Listed Insurance Companies | 1.08x |
| Germany Market PB Ratio | Median Figure of 570 Publicly-Listed Companies | 1.72x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = XTRA:WUW Share Price ÷ Book Value per Share (both in EUR) = 18.72 ÷ 50.33 |
0.37x |
* Primary Listing of Wüstenrot & Württembergische.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Wüstenrot & Württembergische is good value based on assets compared to the DE Insurance industry average.
Value checks
We assess Wüstenrot & Württembergische's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) Wüstenrot & Württembergische has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Wüstenrot & Württembergische's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
- Wüstenrot & Württembergische's earnings growth is positive but not above the Germany market average.
- Wüstenrot & Württembergische's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| XTRA:WUW Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 2.2% |
| XTRA:WUW Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | -7.6% |
| Germany Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 4.5% |
| Germany Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 5% |
| Germany Market Earnings Growth Rate | Market Cap Weighted Average | 12.5% |
| Germany Market Revenue Growth Rate | Market Cap Weighted Average | 5.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 260 | |||
| 2022-12-31 | 260 | |||
| 2021-12-31 | 5,381 | 260 | 1 | |
| 2020-12-31 | 5,375 | 242 | 1 | |
| 2019-12-31 | 5,347 | 245 | 1 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 6,824 | 235 | |
| 2018-12-31 | 6,262 | -724 | 214 |
| 2018-09-30 | 6,544 | 215 | |
| 2018-06-30 | 6,584 | 126 | 218 |
| 2018-03-31 | 6,453 | 245 | |
| 2017-12-31 | 6,844 | 297 | 257 |
| 2017-09-30 | 7,624 | 269 | |
| 2017-06-30 | 7,064 | -997 | 267 |
| 2017-03-31 | 7,564 | 240 | |
| 2016-12-31 | 7,217 | -1,558 | 233 |
| 2016-09-30 | 7,696 | 250 | |
| 2016-06-30 | 7,533 | -1,244 | 248 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Wüstenrot & Württembergische Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 2.78 | 2.78 | 2.78 | 1.00 |
| 2020-12-31 | 2.59 | 2.71 | 2.46 | 2.00 |
| 2019-12-31 | 2.62 | 2.64 | 2.59 | 2.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2019-03-31 | 2.51 |
| 2018-12-31 | 2.29 |
| 2018-09-30 | 2.29 |
| 2018-06-30 | 2.33 |
| 2018-03-31 | 2.61 |
| 2017-12-31 | 2.74 |
| 2017-09-30 | 2.88 |
| 2017-06-30 | 2.86 |
| 2017-03-31 | 2.56 |
| 2016-12-31 | 2.49 |
| 2016-09-30 | 2.67 |
| 2016-06-30 | 2.65 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Wüstenrot & Württembergische is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Wüstenrot & Württembergische's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Wüstenrot & Württembergische has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Wüstenrot & Württembergische performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Wüstenrot & Württembergische's year on year earnings growth rate has been positive over the past 5 years.
- Wüstenrot & Württembergische's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Wüstenrot & Württembergische's 1-year earnings growth is negative, it can't be compared to the DE Insurance industry average.
Earnings and Revenue History
All data from Wüstenrot & Württembergische Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 6,824.26 | 234.82 | 1,023.65 | |
| 2018-12-31 | 6,261.66 | 214.21 | 1,011.85 | |
| 2018-09-30 | 6,544.13 | 214.81 | 1,034.72 | |
| 2018-06-30 | 6,583.96 | 218.19 | 1,025.26 | |
| 2018-03-31 | 6,453.25 | 244.60 | 999.81 | |
| 2017-12-31 | 6,844.40 | 256.64 | 997.93 | |
| 2017-09-30 | 7,624.17 | 268.55 | 974.49 | |
| 2017-06-30 | 7,064.12 | 267.04 | 982.91 | |
| 2017-03-31 | 7,564.25 | 239.95 | 992.07 | |
| 2016-12-31 | 7,217.24 | 232.92 | 994.78 | |
| 2016-09-30 | 7,696.42 | 250.48 | 1,011.10 | |
| 2016-06-30 | 7,533.00 | 248.41 | 1,009.27 | |
| 2016-03-31 | 7,400.10 | 279.34 | 993.74 | |
| 2015-12-31 | 7,648.22 | 270.35 | 1,016.00 | |
| 2015-09-30 | 7,914.77 | 244.87 | 1,020.91 | |
| 2015-06-30 | 7,938.18 | 249.37 | 1,023.94 | |
| 2015-03-31 | 8,344.33 | 234.92 | 1,041.30 | |
| 2014-12-31 | 8,156.98 | 233.38 | 1,018.76 | |
| 2014-09-30 | 7,911.34 | 230.79 | 1,034.04 | |
| 2014-06-30 | 7,790.20 | 150.94 | 1,030.86 | |
| 2014-03-31 | 7,888.20 | 161.17 | 1,037.44 | |
| 2013-12-31 | 8,089.67 | 143.14 | 1,049.58 | |
| 2013-09-30 | 7,892.23 | 154.55 | 1,055.01 | |
| 2013-06-30 | 8,155.28 | 223.97 | 1,084.94 | |
| 2013-03-31 | 8,369.92 | 194.25 | 1,083.79 | |
| 2012-12-31 | 8,423.19 | 221.86 | 1,079.01 | |
| 2012-09-30 | 10,525.65 | 226.25 | 1,076.27 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Wüstenrot & Württembergische has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Wüstenrot & Württembergische used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
- Wüstenrot & Württembergische's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Wüstenrot & Württembergische's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Wüstenrot & Württembergische has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Wüstenrot & Württembergische's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Wüstenrot & Württembergische's finances.
The net worth of a company is the difference between its assets and liabilities.
- Wüstenrot & Württembergische is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Wüstenrot & Württembergische's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 13.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Wüstenrot & Württembergische Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 4,761.69 | 3,550.52 | 43,026.60 |
| 2018-12-31 | 4,236.33 | 3,734.58 | 13,996.85 |
| 2018-09-30 | 4,222.46 | 4,561.39 | 40,282.36 |
| 2018-06-30 | 4,255.06 | 4,736.87 | 211.74 |
| 2018-03-31 | 4,342.47 | 6,173.59 | 41,180.24 |
| 2017-12-31 | 3,964.86 | 4,693.73 | 2,225.60 |
| 2017-09-30 | 3,933.80 | 4,562.53 | 5,714.59 |
| 2017-06-30 | 3,846.76 | 4,873.40 | 1,202.03 |
| 2017-03-31 | 3,825.06 | 2,796.36 | 3,440.47 |
| 2016-12-31 | 3,811.59 | 4,249.71 | 1,646.76 |
| 2016-09-30 | 3,933.51 | 4,024.14 | 5,076.39 |
| 2016-06-30 | 3,792.58 | 6,122.23 | 1,448.36 |
| 2016-03-31 | 3,868.19 | 6,173.86 | 5,351.21 |
| 2015-12-31 | 3,643.74 | 7,014.48 | 1,840.99 |
| 2015-09-30 | 3,717.40 | 7,628.90 | 3,577.32 |
| 2015-06-30 | 3,616.82 | 8,692.62 | 1,183.24 |
| 2015-03-31 | 3,921.00 | 8,087.30 | 4,118.13 |
| 2014-12-31 | 3,674.22 | 9,720.88 | 1,933.23 |
| 2014-09-30 | 3,655.58 | 8,914.00 | 3,428.64 |
| 2014-06-30 | 3,462.52 | 9,685.08 | 1,349.23 |
| 2014-03-31 | 3,454.29 | 8,339.69 | 2,992.11 |
| 2013-12-31 | 3,253.02 | 8,759.76 | 1,379.38 |
| 2013-09-30 | 3,230.25 | 7,571.87 | 2,546.41 |
| 2013-06-30 | 3,244.30 | 7,153.49 | 1,898.60 |
| 2013-03-31 | 3,315.13 | 8,048.58 | 3,036.80 |
| 2012-12-31 | 3,418.49 | 9,291.56 | 1,667.75 |
| 2012-09-30 | 3,397.30 | 9,193.85 | 2,913.49 |
- Wüstenrot & Württembergische's level of debt (76.2%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (242.9% vs 76.2% today).
- Operating cash flow is negative therefore debt is not well covered.
- Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Wüstenrot & Württembergische's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Wüstenrot & Württembergische has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Wüstenrot & Württembergische's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
Wüstenrot & Württembergische
shares you are expected to receive
€69
in your first year as a dividend.
Dividend Amount
- Wüstenrot & Württembergische's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
- Wüstenrot & Württembergische's dividend is below the markets top 25% of dividend payers in Germany (3.9%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Germany Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 6 Stocks | 4.1% |
| Germany Market Average Dividend Yield | Market Cap Weighted Average of 325 Stocks | 3.2% |
| Germany Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| Germany Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| Germany Top 25% Dividend Yield | 75th Percentile | 3.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.81 | 2.00 |
| 2020-12-31 | 0.75 | 3.00 |
| 2019-12-31 | 0.70 | 2.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-22 | 0.650 | 3.515 |
| 2018-03-07 | 0.650 | 3.552 |
| 2017-04-11 | 0.600 | 2.776 |
| 2016-03-30 | 0.600 | 3.330 |
| 2015-03-25 | 0.500 | 2.842 |
| 2014-04-01 | 0.500 | 2.812 |
| 2013-03-26 | 0.500 | 3.229 |
| 2012-03-29 | 0.500 | 3.353 |
| 2011-03-25 | 0.500 | 3.135 |
| 2010-01-04 | 0.500 | 2.566 |
| 2009-01-02 | 0.500 | 3.155 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- 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
What portion of
Wüstenrot & Württembergische's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.9x coverage).
- Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
Income/ dividend checks
We assess Wüstenrot & Württembergische's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Wüstenrot & Württembergische afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Wüstenrot & Württembergische has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | €1,548,400 |
| AGE | 50 |
| TENURE AS CEO | 2.5 years |
CEO Bio
Mr. Jürgen Albert Junker served as Supervisory Board Chairman and Member of Supervisory Board at Wüstenrot Bank AG Pfandbriefbank since January 01, 2017 until 2019. He serves as Supervisory Board Chairman and Member of Supervisory Board at Wüstenrot Bausparkasse AG since January 01, 2017. He serves as Chairman of the Management Board and Chief Executive Officers at Wüstenrot & Württembergische AG since January 01, 2017. Education and training: 1989 – 1991 Training as a banker at Dresdner Bank AG (“Dresdner Bank”), Aschaffenburg. 1991 – 1997 Studies in business administration at Hagen Open University (Fernuniversität Hagen), degree in business administration. Professional background: 1991 – 1996 Various posts in the Foreign Business and Credit divisions at Dresdner Bank in Aschaffenburg, Frankfurt and London. 1997 – 1999 Head of the Business Analysis & Organisation department, Dresdner Bank/ Kleinwort Benson (Services) Inc., Tokyo. 1 999 – 2000 Manager for strategy/planning/management of international branches, Dresdner Bank, Frankfurt. 2000 – 2001 Senior Manager Financial Services, Perot Systems, Frankfurt and Dallas. 2002 – 2003 Head of HR and Corporate Management, General agent and authorised signatory, VHV Vereinigte Hannoversche Versicherung a.G., Hanover. 2003 – 2006 Head of Operations, VHV insurance services GmbH, Hanover. 2007 Head of Central Sales Management, VHV Allgemeine Versicherung and VHV Lebensversicherung, Hanover. 2007 – 2016 Member of the Executive Board, responsible for Sales and Corporate Investments, VHV Allgemeine Versicherung and VHV Lebensversicherung, Hanover. Since April 2016 Member of the Executive Board of Wüstenrot & Württembergische AG, Stuttgart.
CEO Compensation
- Jürgen's compensation has been consistent with company performance over the past year, both up more than 20%.
- Jürgen's remuneration is about average for companies of similar size in Germany.
Management Team Tenure
Average tenure and age of the Wüstenrot & Württembergische management team in years:
- The tenure for the Wüstenrot & Württembergische management team is about average.
Management Team
Jürgen Junker
Chairman of the Management Board & CEO
€2M
50
2.5 yrs
Frank Weber
Deputy Chairman of the Supervisory Board
€78K
9.5 yrs
Michael Gutjahr
Labor Director
€723K
62
5.3 yrs
Jens Wieland
Chief Information Officer
€787K
53
7 yrs
Thomas Bischof
45
1.5 yrs
Daniel Welzer
46
1.5 yrs
Jürgen Steffan
Chief Representative & Member of Management Board
58
1 yrs
Matthias Schell
Head of Group Accounting
€12K
Michael Ellwanger
Head of Investor Relations
Susanne Pauser
Chief Human Resources Officer
5.3 yrs
Board of Directors Tenure
Average tenure and age of the Wüstenrot & Württembergische board of directors in years:
- The tenure for the Wüstenrot & Württembergische board of directors is about average.
Board of Directors
Hans Sauer
Supervisory Board Chairman
€113K
78
14.1 yrs
Frank Weber
Deputy Chairman of the Supervisory Board
€78K
8.1 yrs
Corinna Linner
Supervisory Board Member
€47K
61
4.1 yrs
Reiner Hagemann
Supervisory Board Member
€39K
72
13.1 yrs
Ute Hobinka
Supervisory Board Member
€35K
8.1 yrs
Jochen Höpken
Supervisory Board Member
€30K
8.1 yrs
Christoph Seeger
Supervisory Board Member
€65K
8.1 yrs
Andreas Rothbauer
Supervisory Board Member
€59K
8.5 yrs
Peter Buschbeck
Supervisory Board Member
€35K
58
5.2 yrs
Marika Lulay
Supervisory Board Member
€29K
57
3.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Wüstenrot & Württembergische's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Wüstenrot & Württembergische has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Wüstenrot & Württembergische AG (ETR:WUW) Has Attractive Fundamentals
For those interested in digging a bit deeper into my commentary, take a look at the report on Wüstenrot & Württembergische here. … XTRA:WUW Historical Dividend Yield, July 10th 2019 Next Steps: For Wüstenrot & Württembergische, I've compiled three relevant factors you should further research: Future Outlook: What are well-informed industry analysts predicting for WUW’s future growth? … Take a look at our free research report of analyst consensus for WUW’s outlook.
Simply Wall St - – Full articleWüstenrot & Württembergische (ETR:WUW) Shareholders Have Enjoyed A 14% Share Price Gain
To wit, Wüstenrot & Württembergische AG (ETR:WUW) shares are up 14% in three years, besting the market return. … During the three years of share price growth, Wüstenrot & Württembergische actually saw its earnings per share (EPS) drop 5.6% per year. … The only thing that's clear is there is low correlation between Wüstenrot & Württembergische's share price and its historic fundamental data.
Simply Wall St - – Full articleWüstenrot & Württembergische AG (ETR:WUW): Immense Growth Potential?
Based on Wüstenrot & Württembergische AG's (ETR:WUW) earnings update in December 2018,. … as a 13% increase in profits is expected in the upcoming year, … the past 5-year average growth rate of 4.7%
Simply Wall St - – Full articleDid You Manage To Avoid Wüstenrot & Württembergische's (ETR:WUW) 24% Share Price Drop?
For example, the Wüstenrot & Württembergische AG (ETR:WUW) share price is down 24% in the last year. … This proportional reduction in earnings per share isn't far from the 24% decrease in the share price. … This free interactive report on Wüstenrot & Württembergische's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
Simply Wall St - – Full articleAre You An Income Investor? Don't Miss Out On Wüstenrot & Württembergische AG (ETR:WUW)
There is a lot to be liked about Wüstenrot & Württembergische AG (ETR:WUW) as an income stock. … The company currently pays out a dividend yield of 3.8% to shareholders, making it a relatively attractive dividend stock. … Does Wüstenrot & Württembergische tick all the boxes of a great dividend stock?
Simply Wall St - – Full articleWhat Makes Wüstenrot & Württembergische AG (ETR:WUW) A Great Dividend Stock?
Over the past 10 years, the €1.5b market cap company has been growing its dividend payments, from €0.50 to €0.65. … Currently yielding 4.2%, let's take a closer look at Wüstenrot & Württembergische's dividend profile. … consistent, reliable and competitive dividend over a long period of time, and is expected to continue to pay in the same manner many years to come
Simply Wall St - – Full articleShould Wüstenrot & Württembergische AG (ETR:WUW) Be Part Of Your Dividend Portfolio?
Wüstenrot & Württembergische AG (ETR:WUW) has pleased shareholders over the past 10 years, by paying out dividends. … The stock currently pays out a dividend yield of 3.7%, and has a market cap of €1.7b. … Does Wüstenrot & Württembergische tick all the boxes of a great dividend stock?
Simply Wall St - – Full articleWill Wüstenrot & Württembergische AG (ETR:WUW) Continue To Underperform Its Industry?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Wüstenrot & Württembergische has a return on equity of 5.2% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleShould You Be Concerned About Wüstenrot & Württembergische AG's (ETR:WUW) Earnings Growth?
Examining Wüstenrot & Württembergische AG's (ETR:WUW) past track record of performance is a valuable exercise for investors. … Below, I will assess WUW's latest performance announced on 31 March 2018 and weigh these figures against its longer term trend and industry movements. … Did WUW's recent performance beat its trend and industry.
Simply Wall St - – Full articleShould You Be Concerned About Wüstenrot & Württembergische AG's (ETR:WUW) Shareholders?
In this analysis, my focus will be on developing a perspective on Wüstenrot & Württembergische AG’s (ETR:WUW) latest ownership structure, a less discussed, but important factor. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices. … Therefore, it is beneficial for us to examine WUW's ownership structure in more detail.
Simply Wall St - – Full articleCompany Info
Description
Wüstenrot & Württembergische AG, together with its subsidiaries, provides banking and insurance products and services to private individuals and businesses in Germany, the Czech Republic, and internationally. It operates through Home Loan and Savings Bank, Life and Health Insurance, and Property/Casualty Insurance segments. The Home Loan and Savings Bank segment offers home loan savings and banking products primarily for private customers, such as home loan savings contracts, bridging loans, savings and investment products, current accounts, call money accounts, Maestro and credit cards, and mortgage and bank loans. The Life and Health Insurance segment provides life and health insurance products for individuals and groups, including classic and unit-linked life and annuity insurance, term insurance, classic and unit-linked Riester and basic pensions, and occupational disability insurance, as well as full and supplementary private health insurance and nursing care insurance. The Property/Casualty Insurance segment provides a range of insurance products for private and corporate customers, including general liability, casualty, motor, household, residential building, legal protection, transport, and technical insurance. It also engages in the property development; and provision of asset management services. The company distributes its products and services directly, as well as through partners, brokers, and in-house mobile sales force. The company was founded in 1999 and is headquartered in Stuttgart, Germany.
Details
| Name: | Wüstenrot & Württembergische AG |
| WUW | |
| Exchange: | XTRA |
| Founded: | 1999 |
| €1,758,239,827 | |
| 93,622,994 | |
| Website: | http://www.ww-ag.com |
| Address: |
Wüstenrot & Württembergische AG Gutenbergstrasse 30, Stuttgart, Baden-Württemberg, 70176, Germany |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| XTRA | WUW | Ordinary Shares | XETRA Trading Platform | DE | EUR | 13. Sep 1999 | |
| DB | WUW | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 13. Sep 1999 | |
| LSE | 0GJN | Ordinary Shares | London Stock Exchange | GB | EUR | 13. Sep 1999 | |
| SWX | WUW | Ordinary Shares | SIX Swiss Exchange | CH | CHF | 13. Sep 1999 | |
| WBAG | WUW | Ordinary Shares | Wiener Boerse AG | AT | EUR | 13. Sep 1999 | |
| BATS-CHIXE | WUWd | Ordinary Shares | BATS 'Chi-X Europe' | GB | EUR | 13. Sep 1999 |
Number of employees
Current staff
Industry
| Life and Health Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/23 23:50 |
| End of day share price update: | 2019/07/23 00:00 |
| Last estimates confirmation: | 2019/06/06 |
| Last earnings filing: | 2019/05/15 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
