DB:ASG

Stock Analysis Report

Assicurazioni Generali

Executive Summary

Assicurazioni Generali S.p.A. provides various insurance solutions in Europe, the Middle East, Africa, Asia, the Americas, and internationally.

Snowflake

Fundamentals

Established dividend payer with mediocre balance sheet.


Similar Companies

Share Price & News

How has Assicurazioni Generali's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.0%

DB:ASG

-0.3%

DE Insurance

-1.1%

DE Market


1 Year Return

16.1%

DB:ASG

19.0%

DE Insurance

-8.5%

DE Market

ASG underperformed the Insurance industry which returned 19% over the past year.

ASG outperformed the Market in Germany which returned -8.5% over the past year.


Share holder returns

ASGIndustryMarket
7 Day-2.0%-0.3%-1.1%
30 Day2.0%1.8%-0.4%
90 Day-2.2%1.6%-4.0%
1 Year22.5%16.1%24.3%19.0%-5.6%-8.5%
3 Year75.6%49.3%84.4%62.2%18.3%8.1%
5 Year40.2%8.6%99.1%59.5%26.9%9.4%

Price Volatility Vs. Market

How volatile is Assicurazioni Generali's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Assicurazioni Generali undervalued based on future cash flows and its price relative to the stock market?

10%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Assicurazioni Generali's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Assicurazioni Generali's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Assicurazioni Generali is good value based on earnings compared to the DE Insurance industry average.

Assicurazioni Generali is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Assicurazioni Generali is poor value based on expected growth next year.


Price Based on Value of Assets

Assicurazioni Generali is overvalued based on assets compared to the DE Insurance industry average.


Next Steps

Future Growth

How is Assicurazioni Generali expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Assicurazioni Generali's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).

Assicurazioni Generali's earnings are expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).

Assicurazioni Generali's revenue growth is positive but not above the Germany market average.

Assicurazioni Generali's earnings growth is positive but not above the Germany market average.

Assicurazioni Generali's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Assicurazioni Generali is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Assicurazioni Generali performed over the past 5 years?

8.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Assicurazioni Generali's year on year earnings growth rate has been positive over the past 5 years.

Assicurazioni Generali's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Assicurazioni Generali's 1-year earnings growth is negative, it can't be compared to the DE Insurance industry average.


Return on Equity

Assicurazioni Generali has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Assicurazioni Generali used its assets less efficiently than the DE Insurance industry average last year based on Return on Assets.


Return on Capital Employed

Assicurazioni Generali has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Assicurazioni Generali's financial position?


Financial Position Analysis

Assicurazioni Generali's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Assicurazioni Generali's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Assicurazioni Generali's level of debt (89.7%) 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 (109% vs 89.7% today).

Debt is well covered by operating cash flow (67.8%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 3.8x debt.


Next Steps

Dividend

What is Assicurazioni Generali's current dividend yield, its reliability and sustainability?

6.07%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Assicurazioni Generali's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.49%).

Assicurazioni Generali's dividend is above the markets top 25% of dividend payers in Germany (3.92%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.7x coverage).


Next Steps

Management

What is the CEO of Assicurazioni Generali's salary, the management and board of directors tenure and is there insider trading?

2.9yrs

Average management tenure


CEO

Philippe Donnet (59yo)

3.3yrs

Tenure

Mr. Philippe Roger Donnet has been the Chief Executive Officer of Assicurazioni Generali S.p.A. since March 17, 2016 and has been its Managing Director since April 12, 2016. Mr. Donnet served as the Chief  ...


Management Age and Tenure

2.9yrs

Average Tenure

54yo

Average Age

The tenure for the Assicurazioni Generali management team is about average.


Board Age and Tenure

6.3yrs

Average Tenure

57yo

Average Age

The tenure for the Assicurazioni Generali board of directors is about average.


Insider Trading

More shares have been bought than sold by Assicurazioni Generali individual insiders in the past 3 months.


Recent Insider Transactions

Buy€3,300,00001 Jul 19
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Finanziaria Italia 2005 Spa
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Francesco Caltagirone
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Finanziaria Italia 2005 Spa
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Ownership Breakdown


Management Team

  • Monica Possa (55yo)

    Group Chief HR & Organization Officer

    • Tenure: 1.8yrs
  • Philippe Donnet (59yo)

    MD, Group CEO & Director

    • Tenure: 3.3yrs
  • Ottorino Passariello

    Head of Group Operations & Processes

    • Tenure: 1.5yrs
  • Tim Ryan (50yo)

    Group Chief Investment Officer & CEO of Asset & Wealth Management

    • Tenure: 2.5yrs
  • Cristiano Borean (46yo)

    Group Chief Financial Officer

    • Tenure: 0.8yrs
  • Isabelle Conner (55yo)

    Group Chief Marketing & Customer Officer

    • Tenure: 5.2yrs
  • Giulia Raffo (41yo)

    Head of Investor & Rating Agency relations

    • Tenure: 0.2yrs
  • Simone Bemporad

    Group Communications & Public Affairs Director

    • Tenure: 5.5yrs
  • Maurizio Basso (57yo)

    Group Compliance Officer

    • Tenure: 6.3yrs
  • Antonio Cangeri (53yo)

    Group General Counsel

    • Tenure: 7.5yrs

Board Members

  • Philippe Donnet (59yo)

    MD, Group CEO & Director

    • Tenure: 3.3yrs
  • Diva Moriani (51yo)

    Non-Executive Independent Director

    • Tenure: 3.3yrs
  • Romolo Bardin (41yo)

    Non-Executive Independent Director

    • Tenure: 3.3yrs
  • Gabriele di Genola e Suniglia (72yo)

    Non-Executive Chairman

    • Tenure: 8.3yrs
    • Compensation: 1.06m
  • Francesco Caltagirone (76yo)

    Deputy Vice-Chairman

    • Tenure: 9.3yrs
    • Compensation: 225.46k
  • Lorenzo Pellicioli (68yo)

    Non-Executive Director

    • Tenure: 12.3yrs
    • Compensation: 210.46k
  • Alberta Figari (55yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: 319.46k
  • Sabrina Pucci (52yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: 278.46k
  • Carolyn Dittmeier (63yo)

    Chairwoman of Statutory Auditors

    • Compensation: 100.68k
  • Clemente Rebecchini (55yo)

    Vice-Chairman

    • Tenure: 5.7yrs
    • Compensation: 266.46k

Company Information

Assicurazioni Generali S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Assicurazioni Generali S.p.A.
  • Ticker: ASG
  • Exchange: DB
  • Founded: 1831
  • Industry: multi-line insurance
  • Sector: insurance
  • Market Cap: €26.521b
  • Shares outstanding: 1.57b
  • Website: Click here

Number of Employees


Location

  • Assicurazioni Generali S.p.A.
  • Piazza Duca degli Abruzzi 2
  • Trieste
  • Trieste
  • 34132
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ARZG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
GBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
GENENXTBR (Euronext Brussels)YesOrdinary SharesBEEURJan 1992
GASI NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992
ASGXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
ASGSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
ASGDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0K78LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
GMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
AGENWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
ARZG.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008

Biography

Assicurazioni Generali S.p.A. provides various insurance solutions in Europe, the Middle East, Africa, Asia, the Americas, and internationally. It operates through three segments: Life; Non-Life; Asset Man ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/19 21:00
End of Day Share Price2019/07/19 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.