Loading...

CIG Pannónia Életbiztosító Nyrt

DB:0CK
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0CK
DB
HUF34B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

CIG Pannónia Életbiztosító Nyrt., together with its subsidiaries, provides life and non-life insurance products in Hungary, Slovakia, Romania, Poland, Lithuania, Spain, and Italy. The last earnings update was 61 days ago. More info.


Add to Portfolio Compare Print
0CK Share Price and Events
7 Day Returns
-1.8%
DB:0CK
0.5%
DE Insurance
-0.7%
DE Market
1 Year Returns
-13.9%
DB:0CK
21.2%
DE Insurance
-7.6%
DE Market
0CK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CIG Pannónia Életbiztosító Nyrt (0CK) -1.8% -4.6% -20% -13.9% 101.9% 46.2%
DE Insurance 0.5% 2.1% 2.1% 21.2% 63% 61.1%
DE Market -0.7% -0.9% -3.8% -7.6% 8.2% 11.1%
1 Year Return vs Industry and Market
  • 0CK underperformed the Insurance industry which returned 21.2% over the past year.
  • 0CK underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
0CK
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for CIG Pannónia Életbiztosító Nyrt's competitors could be found in our database.

0CK Value

 Is CIG Pannónia Életbiztosító Nyrt undervalued based on future cash flows and its price relative to the stock market?

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 CIG Pannónia Életbiztosító Nyrt 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CIG Pannónia Életbiztosító Nyrt.

DB:0CK Discounted Cash Flow Data Sources
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
= HUF129.05 * 23.3%
HUF30.07
Book Value of Equity per Share Median Book Value from the past 5 years. HUF129.05
Discount Rate (Cost of Equity) See below 7.5%
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.

Calculation of Discount Rate/ Cost of Equity for DB:0CK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 9%) (2.92%))
0.801
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.801 * 9.02%)
7.46%

Discounted Cash Flow Calculation for DB:0CK using Excess Returns Model Model

The calculations below outline how an intrinsic value for CIG Pannónia Életbiztosító Nyrt 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.

DB:0CK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (23.3% – 7.46%) * HUF129.05)
HUF20.45
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HUF20.45 / (7.46% - 0.23%)
HUF282.98
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HUF129.05 + HUF282.98
HUF412.03
DB:0CK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0CK represents 0.00302x of BUSE:CIGPANNONIA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00302x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HUF) x Listing Adjustment Factor
= HUF 412.03 x 0.00302
€1.25
Value per share (EUR) From above. €1.25
Current discount Discount to share price of €1.09
= -1 x (€1.09 - €1.25) / €1.25
12.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price CIG Pannónia Életbiztosító Nyrt is available for.
Intrinsic value
13%
Share price is €1.09 vs Future cash flow value of €1.25
Current Discount Checks
For CIG Pannónia Életbiztosító Nyrt to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CIG Pannónia Életbiztosító Nyrt's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • CIG Pannónia Életbiztosító Nyrt's share price is below the future cash flow value, but not 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 CIG Pannónia Életbiztosító Nyrt's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CIG Pannónia Életbiztosító Nyrt's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0CK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HUF HUF21.41
BUSE:CIGPANNONIA Share Price ** BUSE (2019-07-19) in HUF HUF360
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.38x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CIG Pannónia Életbiztosító Nyrt.

DB:0CK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BUSE:CIGPANNONIA Share Price ÷ EPS (both in HUF)

= 360 ÷ 21.41

16.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CIG Pannónia Életbiztosító Nyrt is overvalued based on earnings compared to the DE Insurance industry average.
  • CIG Pannónia Életbiztosító Nyrt is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does CIG Pannónia Életbiztosító Nyrt's expected growth come at a high price?
Raw Data
DB:0CK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-2.8%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.16x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for CIG Pannónia Életbiztosító Nyrt, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CIG Pannónia Életbiztosító Nyrt's assets?
Raw Data
DB:0CK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HUF HUF189.37
BUSE:CIGPANNONIA Share Price * BUSE (2019-07-19) in HUF HUF360
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.09x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:0CK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BUSE:CIGPANNONIA Share Price ÷ Book Value per Share (both in HUF)

= 360 ÷ 189.37

1.9x

* Primary Listing of CIG Pannónia Életbiztosító Nyrt.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CIG Pannónia Életbiztosító Nyrt is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess CIG Pannónia Életbiztosító Nyrt's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. CIG Pannónia Életbiztosító Nyrt has a total score of 1/6, 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.

0CK Future Performance

 How is CIG Pannónia Életbiztosító Nyrt expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover CIG Pannónia Életbiztosító Nyrt, future earnings growth has been estimated based on fundamentals.
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!
Annual Growth Rate
-2.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CIG Pannónia Életbiztosító Nyrt expected to grow at an attractive rate?
  • CIG Pannónia Életbiztosító Nyrt's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • CIG Pannónia Életbiztosító Nyrt's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • CIG Pannónia Életbiztosító Nyrt's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0CK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0CK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -2.8%
DB:0CK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -1.6%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
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
Raw Data
DB:0CK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in HUF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0CK Future Estimates Data
Date (Data in HUF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 26,381 1
2019-12-31 26,009 1
DB:0CK Past Financials Data
Date (Data in HUF Millions) Revenue Cash Flow Net Income *
2019-03-31 27,193 3,358 1,949
2018-12-31 23,181 2,383 2,055
2018-09-30 24,622 3,237 2,366
2018-06-30 25,915 3,816 1,744
2018-03-31 22,480 341 1,177
2017-12-31 27,817 3,654 3,085
2017-09-30 29,355 2,073 2,541
2017-06-30 26,936 1,657 2,904
2017-03-31 27,779 3,660 3,206
2016-12-31 20,869 1,071 724
2016-09-30 18,994 1,935 605
2016-06-30 14,459 1,839 655

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CIG Pannónia Életbiztosító Nyrt's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • CIG Pannónia Életbiztosító Nyrt's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0CK 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 1 Analyst Estimates (S&P Global) See Below

All data from CIG Pannónia Életbiztosító Nyrt Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0CK Future Estimates Data
Date (Data in HUF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
DB:0CK Past Financials Data
Date (Data in HUF Millions) EPS *
2019-03-31 21.41
2018-12-31 24.16
2018-09-30 30.45
2018-06-30 24.11
2018-03-31 17.87
2017-12-31 48.24
2017-09-30 40.98
2017-06-30 46.72
2017-03-31 50.91
2016-12-31 11.66
2016-09-30 9.76
2016-06-30 10.55

*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.
  • Unable to establish if CIG Pannónia Életbiztosító Nyrt will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CIG Pannónia Életbiztosító Nyrt's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CIG Pannónia Életbiztosító Nyrt has a total score of 0/6, 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.

0CK Past Performance

  How has CIG Pannónia Életbiztosító Nyrt 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
Below we compare CIG Pannónia Életbiztosító Nyrt's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CIG Pannónia Életbiztosító Nyrt has delivered over 20% year on year earnings growth in the past 5 years.
  • CIG Pannónia Életbiztosító Nyrt's 1-year earnings growth exceeds its 5-year average (65.5% vs 45.9%)
  • CIG Pannónia Életbiztosító Nyrt's earnings growth has exceeded the DE Insurance industry average in the past year (65.5% vs 9.4%).
Earnings and Revenue History
CIG Pannónia Életbiztosító Nyrt's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CIG Pannónia Életbiztosító Nyrt Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0CK Past Revenue, Cash Flow and Net Income Data
Date (Data in HUF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 27,193.36 1,948.63 7.91
2018-12-31 23,181.36 2,054.63 7.91
2018-09-30 24,622.28 2,366.24 175.99
2018-06-30 25,915.28 1,744.24 175.99
2018-03-31 22,480.28 1,177.24 175.99
2017-12-31 27,817.28 3,085.24 175.99
2017-09-30 29,354.56 2,540.98 81.84
2017-06-30 26,935.56 2,903.98 81.84
2017-03-31 27,778.56 3,205.98 81.84
2016-12-31 20,868.56 723.98 81.84
2016-09-30 18,993.82 604.95 0.48
2016-06-30 14,458.82 654.95 0.48
2016-03-31 13,361.82 749.95 0.48
2015-12-31 17,175.82 927.95 0.48
2015-09-30 19,914.41 741.45 1.83
2015-06-30 26,722.41 288.45 1.83
2015-03-31 27,928.41 57.45 1.83
2014-12-31 25,173.41 -169.55 1.83
2014-09-30 22,547.21 -222.14 -1,358.25
2014-06-30 21,550.21 95.86 -707.25
2014-03-31 18,607.21 -103.14 -9.25
2013-12-31 21,958.21 -434.14 770.75
2013-09-30 24,930.17 -19.55 2,829.93
2013-06-30 25,204.17 -609.55 2,921.93
2013-03-31 27,548.17 -1,870.55 3,211.93
2012-12-31 25,725.17 -2,723.55 3,340.93
2012-09-30 26,324.40 -4,767.24 3,732.80

*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.
  • CIG Pannónia Életbiztosító Nyrt has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CIG Pannónia Életbiztosító Nyrt used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
  • CIG Pannónia Életbiztosító Nyrt has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CIG Pannónia Életbiztosító Nyrt's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CIG Pannónia Életbiztosító Nyrt has a total score of 5/6, 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.

0CK Health

 How is CIG Pannónia Életbiztosító Nyrt'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 CIG Pannónia Életbiztosító Nyrt's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CIG Pannónia Életbiztosító Nyrt is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CIG Pannónia Életbiztosító Nyrt's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CIG Pannónia Életbiztosító Nyrt's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 11.3x 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.
Raw Data

All data from CIG Pannónia Életbiztosító Nyrt Company Filings, last reported 3 months ago.

DB:0CK Past Debt and Equity Data
Date (Data in HUF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 17,751.00 837.00 1,444.00
2018-12-31 17,391.72 968.46 1,221.04
2018-09-30 16,803.00 1,091.00 1,820.00
2018-06-30 16,937.00 1,174.00 2,108.00
2018-03-31 9,545.00 1,224.00 2,116.00
2017-12-31 9,015.09 1,186.49 3,555.25
2017-09-30 8,357.00 1,378.00 2,410.00
2017-06-30 6,396.00 3,590.00 2,102.00
2017-03-31 6,399.00 3,705.00 3,916.00
2016-12-31 3,971.69 3,729.78 1,606.22
2016-09-30 3,714.00 3,728.00 1,919.00
2016-06-30 3,550.00 3,806.00 1,221.00
2016-03-31 3,312.00 4,048.00 1,266.00
2015-12-31 3,183.63 4,175.41 1,087.68
2015-09-30 3,099.00 4,290.00 1,251.00
2015-06-30 2,866.00 4,287.00 1,052.00
2015-03-31 2,509.00 4,416.00 1,261.00
2014-12-31 2,268.34 4,585.89 1,497.03
2014-09-30 2,364.00 4,838.00 772.00
2014-06-30 2,235.00 5,165.00 875.00
2014-03-31 2,071.00 5,018.00 1,251.00
2013-12-31 2,474.34 5,039.36 1,328.75
2013-09-30 1,784.00 5,159.00 1,349.00
2013-06-30 1,595.00 5,337.00 2,569.00
2013-03-31 1,579.00 5,597.00 2,185.00
2012-12-31 1,851.81 5,522.45 3,095.18
2012-09-30 1,498.00 6,474.00 4,343.00
  • CIG Pannónia Életbiztosító Nyrt's level of debt (4.7%) 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 (242.2% vs 4.7% today).
  • Debt is well covered by operating cash flow (401.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 47.7x coverage).
X
Financial health checks
We assess CIG Pannónia Életbiztosító Nyrt's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CIG Pannónia Életbiztosító Nyrt has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

0CK Dividends

 What is CIG Pannónia Életbiztosító Nyrt'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
Dividend payments
2.78%
Current annual income from CIG Pannónia Életbiztosító Nyrt dividends. Estimated to be 8.03% next year.
If you bought €2,000 of CIG Pannónia Életbiztosító Nyrt shares you are expected to receive €56 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CIG Pannónia Életbiztosító Nyrt's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • CIG Pannónia Életbiztosító Nyrt's dividend is below the markets top 25% of dividend payers in Germany (3.92%).
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.
Raw Data
DB:0CK Annualized Past and Future Dividends
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 1 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.

DB:0CK Future Dividends Estimate Data
Date (Data in HUF) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31 28.90 1.00
DB:0CK Past Annualized Dividends Data
Date (Data in HUF) Dividend per share (annual) Avg. Yield (%)
2018-05-23 10.000 2.397
2018-04-27 10.000 2.191
2018-02-20 10.000 2.387

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether CIG Pannónia Életbiztosító Nyrt has stable dividend payments.
  • CIG Pannónia Életbiztosító Nyrt only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of CIG Pannónia Életbiztosító Nyrt's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x 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.
X
Income/ dividend checks
We assess CIG Pannónia Életbiztosító Nyrt's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CIG Pannónia Életbiztosító Nyrt afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CIG Pannónia Életbiztosító Nyrt has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0CK Management

 What is the CEO of CIG Pannónia Életbiztosító Nyrt's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gabriella Kádár
COMPENSATION HUF0
AGE 53
TENURE AS CEO 6.5 years
CEO Bio

Dr. Gabriella Kadar has been the Chief Executive Officer of CIG Pannónia Életbiztosító Nyrt (alternate name-CIG Pannonia Life Insurance Plc) since January 06, 2013. Dr. Kadar served as Deputy Chief Executive Officer of Sales at CIG Pannónia Életbiztosító Nyrt and has been its Director since August 16, 2012. She served as the Chairman of Management Board at CIG Pannónia Életbiztosító Nyrt since January 6, 2013. Dr. Kadar serves as Chairman of the Board of Directors of CIG Pannónia First Hungarian General Insurance Company Ltd. since February 24, 2014.

CEO Compensation
  • Insufficient data for Gabriella to compare compensation growth.
  • Gabriella's remuneration is lower than average for companies of similar size in Germany.
Management Team

Gabriella Kádár

TITLE
GM, CEO & Director
AGE
53
TENURE
6.5 yrs

Miklós Barta

TITLE
General Deputy CEO
AGE
39
TENURE
6.8 yrs

Istvan Komoroczki

TITLE
Co-Founder

Margit Gábelics

TITLE
Chief Accountant

Antal Csevár

TITLE
Chief Legal Counsel & Data Protection Officer

Imre Pintér

TITLE
Compliance Officer & AML Reporting Manager

Zsuzsanna Tordy

TITLE
Director of Marketing & Communications

Katalin Strohmayer

TITLE
Human Resource Manager

Katalin Halász

TITLE
Chief Medical Officer

Pál Búzás

TITLE
Chief Risk Officer
Board of Directors Tenure

Average tenure and age of the CIG Pannónia Életbiztosító Nyrt board of directors in years:

5.3
Average Tenure
67
Average Age
  • The tenure for the CIG Pannónia Életbiztosító Nyrt board of directors is about average.
Board of Directors

Mária Király

TITLE
Chairman of the Board
COMPENSATION
HUF300K
AGE
66
TENURE
5.5 yrs

Gabriella Kádár

TITLE
GM, CEO & Director
AGE
53
TENURE
6.9 yrs

Miklós Barta

TITLE
General Deputy CEO
AGE
39
TENURE
6.9 yrs

József Bayer

TITLE
Supervisory Board Chairman
AGE
68
TENURE
4.3 yrs

Imre Fekete

TITLE
Supervisory Board Member
COMPENSATION
HUF3M
AGE
75
TENURE
7.3 yrs

Gergely Horváth

TITLE
Director
COMPENSATION
HUF1M
AGE
58
TENURE
6.1 yrs

István Boros

TITLE
AGE
68
TENURE
4 yrs

Bogdánffy Péter

TITLE
Director
TENURE
0.2 yrs

Fedák István

TITLE
Director
TENURE
0.2 yrs

István Papp

TITLE
Supervisory Board Member
COMPENSATION
HUF800K
AGE
68
TENURE
5.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess CIG Pannónia Életbiztosító Nyrt's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CIG Pannónia Életbiztosító Nyrt 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.

0CK News

Simply Wall St News

0CK Company Info

Description

CIG Pannónia Életbiztosító Nyrt., together with its subsidiaries, provides life and non-life insurance products in Hungary, Slovakia, Romania, Poland, Lithuania, Spain, and Italy. Its life insurance products include unit-linked policies, term life and whole-life insurance policies, endowment life insurance policies, pension insurance policies, accident and medical benefit rider, and waiver of premium rider insurance in case of death. The company also offers health insurance products; and non-life insurance products, such as property, liability, motor third party liability, Casco, freight, extended guarantee, and suretyship-related insurance policies, as well as accident and health group policies. In addition, it provides funeral services. The company was formerly known as CIG Közép-Európai Biztosító Zrt. and changed its name to CIG Pannónia Életbiztosító Nyrt. in September 2010. CIG Pannónia Életbiztosító Nyrt. was founded in 2007 and is based in Budapest, Hungary.

Details
Name: CIG Pannónia Életbiztosító Nyrt
0CK
Exchange: DB
Founded: 2007
HUF103,745,666
93,714,254
Website: http://www.cigpannonia.hu
Address: CIG Pannónia Életbiztosító Nyrt
Pf. 177,
Budapest,
1300,
Hungary
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BUSE CIGPANNONIA Series A Shares Budapest Stock Exchange HU HUF 09. Nov 2010
DB 0CK Series A Shares Deutsche Boerse AG DE EUR 09. Nov 2010
Number of employees
Current staff
Staff numbers
143
CIG Pannónia Életbiztosító Nyrt employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/21 23:17
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/05/22
Last earnings filing: 2019/05/21
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.