Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide. More Details
Established dividend payer with adequate balance sheet.
Share Price & News
How has Hannover Rück's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HNR1 is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: HNR1's weekly volatility (2%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: HNR1 underperformed the German Insurance industry which returned 12.4% over the past year.
Return vs Market: HNR1 underperformed the German Market which returned 29.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Hannover Rück's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Hannover Rück undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HNR1 (€148) is trading below our estimate of fair value (€296.94)
Significantly Below Fair Value: HNR1 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HNR1 is poor value based on its PE Ratio (20x) compared to the German Insurance industry average (12.1x).
PE vs Market: HNR1 is good value based on its PE Ratio (20x) compared to the German market (26.9x).
Price to Earnings Growth Ratio
PEG Ratio: HNR1 is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: HNR1 is overvalued based on its PB Ratio (1.6x) compared to the DE Insurance industry average (1.1x).
How is Hannover Rück forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HNR1's forecast earnings growth (11.9% per year) is above the savings rate (0.01%).
Earnings vs Market: HNR1's earnings (11.9% per year) are forecast to grow slower than the German market (14.6% per year).
High Growth Earnings: HNR1's earnings are forecast to grow, but not significantly.
Revenue vs Market: HNR1's revenue (2.1% per year) is forecast to grow slower than the German market (5.6% per year).
High Growth Revenue: HNR1's revenue (2.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HNR1's Return on Equity is forecast to be low in 3 years time (13.1%).
How has Hannover Rück performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HNR1 has high quality earnings.
Growing Profit Margin: HNR1's current net profit margins (3.7%) are lower than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: HNR1's earnings have declined by 1.7% per year over the past 5 years.
Accelerating Growth: HNR1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HNR1 had negative earnings growth (-31.2%) over the past year, making it difficult to compare to the Insurance industry average (8.6%).
Return on Equity
High ROE: HNR1's Return on Equity (7.8%) is considered low.
How is Hannover Rück's financial position?
Financial Position Analysis
Short Term Liabilities: HNR1's short term assets (€22.1B) exceed its short term liabilities (€9.4B).
Long Term Liabilities: HNR1's short term assets (€22.1B) do not cover its long term liabilities (€55.8B).
Debt to Equity History and Analysis
Debt Level: HNR1's debt to equity ratio (34.6%) is considered satisfactory.
Reducing Debt: HNR1's debt to equity ratio has increased from 19.7% to 34.6% over the past 5 years.
Debt Coverage: HNR1's debt is well covered by operating cash flow (97.1%).
Interest Coverage: HNR1's interest payments on its debt are well covered by EBIT (5.3x coverage).
What is Hannover Rück current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HNR1's dividend (3.06%) is higher than the bottom 25% of dividend payers in the German market (1%).
High Dividend: HNR1's dividend (3.06%) is low compared to the top 25% of dividend payers in the German market (3.17%).
Stability and Growth of Payments
Stable Dividend: HNR1's dividends per share have been stable in the past 10 years.
Growing Dividend: HNR1's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.1%), HNR1's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HNR1's dividends in 3 years are forecast to be well covered by earnings (48.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jean-Jacques Henchoz (56 yo)
Mr. Jean-Jacques Henchoz is Chairman of the Board at Hannover Re (Ireland) DAC since June 10, 2019. Mr. Henchoz has been Member of Management Board at Talanx AG since April 1, 2019. Mr. Henchoz has been Ch...
CEO Compensation Analysis
Compensation vs Market: Jean-Jacques's total compensation ($USD2.60M) is below average for companies of similar size in the German market ($USD4.81M).
Compensation vs Earnings: Jean-Jacques's compensation has been consistent with company performance over the past year.
Experienced Management: HNR1's management team is seasoned and experienced (8.2 years average tenure).
Experienced Board: HNR1's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hannover Rück SE's company bio, employee growth, exchange listings and data sources
- Name: Hannover Rück SE
- Ticker: HNR1
- Exchange: DB
- Founded: 1966
- Industry: Reinsurance
- Sector: Insurance
- Market Cap: €17.764b
- Shares outstanding: 120.60m
- Website: https://www.hannover-re.com
Number of Employees
- Hannover Rück SE
- Karl-Wiechert-Allee 50
- Lower Saxony
Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide. It operates through Property & Casualty Reinsurance, and Life & Health Reinsurance segments. The Prop...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/17 19:17|
|End of Day Share Price||2021/06/17 00:00|
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.