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Grupo Catalana Occidente

DB:OCZA
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OCZA
DB
€4B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

Grupo Catalana Occidente, S.A., together with its subsidiaries, provides insurance products and services worldwide. The last earnings update was 26 days ago. More info.


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OCZA Share Price and Events
7 Day Returns
1.8%
DB:OCZA
3.5%
DE Insurance
0.3%
DE Market
1 Year Returns
-17.9%
DB:OCZA
7.7%
DE Insurance
-11.6%
DE Market
OCZA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Grupo Catalana Occidente (OCZA) 1.8% -5.8% -3.8% -17.9% 19.1% 17.9%
DE Insurance 3.5% -4.1% 5.7% 7.7% 40.4% 56.6%
DE Market 0.3% -3.8% 2.5% -11.6% 10.1% 7.9%
1 Year Return vs Industry and Market
  • OCZA underperformed the Insurance industry which returned 7.7% over the past year.
  • OCZA underperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
OCZA
Industry
5yr Volatility vs Market

Value

 Is Grupo Catalana Occidente 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 Grupo Catalana Occidente 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 Grupo Catalana Occidente.

DB:OCZA 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
= €23.33 * 11.7%
€2.72
Book Value of Equity per Share Median Book Value from the past 5 years. €23.33
Discount Rate (Cost of Equity) See below 7.1%
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:OCZA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 8.2%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.725 (1 + (1- 25%) (5.33%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.835 * 8.18%)
7.06%

Discounted Cash Flow Calculation for DB:OCZA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Grupo Catalana Occidente 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:OCZA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.7% – 7.06%) * €23.33)
€1.07
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €1.07 / (7.06% - 0.23%)
€15.67
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €23.33 + €15.67
€39
DB:OCZA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OCZA represents 0.99216x of BME:GCO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99216x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 39.00 x 0.99216
€38.69
Value per share (EUR) From above. €38.69
Current discount Discount to share price of €31.65
= -1 x (€31.65 - €38.69) / €38.69
18.2%

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

Current Discount
Amount off the current price Grupo Catalana Occidente is available for.
Intrinsic value
18%
Share price is €31.65 vs Future cash flow value of €38.69
Current Discount Checks
For Grupo Catalana Occidente to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Grupo Catalana Occidente's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Grupo Catalana Occidente'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 Grupo Catalana Occidente's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Grupo Catalana Occidente's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OCZA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €3.06
BME:GCO Share Price ** BME (2019-05-21) in EUR €31.9
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.03x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

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

** Primary Listing of Grupo Catalana Occidente.

DB:OCZA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:GCO Share Price ÷ EPS (both in EUR)

= 31.9 ÷ 3.06

10.44x

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

  • Grupo Catalana Occidente is good value based on earnings compared to the DE Insurance industry average.
  • Grupo Catalana Occidente is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Grupo Catalana Occidente's expected growth come at a high price?
Raw Data
DB:OCZA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
2.4%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.14x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

DB:OCZA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.44x ÷ 2.4%

4.43x

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

  • Grupo Catalana Occidente is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Grupo Catalana Occidente's assets?
Raw Data
DB:OCZA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €26.50
BME:GCO Share Price * BME (2019-05-21) in EUR €31.9
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.03x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:OCZA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:GCO Share Price ÷ Book Value per Share (both in EUR)

= 31.9 ÷ 26.50

1.2x

* Primary Listing of Grupo Catalana Occidente.

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

  • Grupo Catalana Occidente is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess Grupo Catalana Occidente'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. Grupo Catalana Occidente has a total score of 2/6, 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

 How is Grupo Catalana Occidente expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
2.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Grupo Catalana Occidente expected to grow at an attractive rate?
  • Grupo Catalana Occidente's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Grupo Catalana Occidente's earnings growth is positive but not above the Germany market average.
  • Grupo Catalana Occidente's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OCZA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OCZA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 2.4%
DB:OCZA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.9%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.5%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:OCZA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OCZA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,503 384 1
2020-12-31 4,539 384 3
2019-12-31 4,409 370 3
DB:OCZA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 3,957 360
2018-12-31 3,891 486 352
2018-09-30 3,871 344
2018-06-30 3,855 439 341
2018-03-31 3,842 332
2017-12-31 3,834 381 325
2017-09-30 3,812 319
2017-06-30 3,868 308 311
2017-03-31 3,779 303
2016-12-31 3,771 431 296
2016-09-30 3,841 285
2016-06-30 3,757 333 281

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Grupo Catalana Occidente's earnings are expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
  • Grupo Catalana Occidente's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
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:OCZA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Grupo Catalana Occidente Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OCZA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.23 3.73 2.73 2.00
2020-12-31 3.21 3.47 2.72 3.00
2019-12-31 3.10 3.22 2.85 3.00
DB:OCZA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 3.06
2018-12-31 2.99
2018-09-30
2018-06-30 2.89
2018-03-31
2017-12-31 2.76
2017-09-30
2017-06-30 2.63
2017-03-31
2016-12-31 2.51
2016-09-30
2016-06-30 2.38

*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.
  • Grupo Catalana Occidente is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Grupo Catalana Occidente'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.
Grupo Catalana Occidente 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 Grupo Catalana Occidente 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 Grupo Catalana Occidente'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.
  • Grupo Catalana Occidente's year on year earnings growth rate has been positive over the past 5 years.
  • Grupo Catalana Occidente's 1-year earnings growth is less than its 5-year average (8.5% vs 9.2%)
  • Grupo Catalana Occidente's earnings growth has not exceeded the DE Insurance industry average in the past year (8.5% vs 9.4%).
Earnings and Revenue History
Grupo Catalana Occidente'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 Grupo Catalana Occidente Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OCZA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,957.33 360.36 1,058.66
2018-12-31 3,891.03 352.16 1,051.46
2018-09-30 3,871.49 343.95 1,046.03
2018-06-30 3,854.81 340.57 1,050.76
2018-03-31 3,841.69 332.15 1,043.93
2017-12-31 3,834.39 325.45 1,044.43
2017-09-30 3,811.73 318.70 979.69
2017-06-30 3,867.90 310.71 1,016.75
2017-03-31 3,779.23 302.80 974.19
2016-12-31 3,770.73 295.60 973.59
2016-09-30 3,840.97 285.42 905.82
2016-06-30 3,757.15 281.33 959.47
2016-03-31 3,610.37 275.22 887.62
2015-12-31 3,391.07 268.12 858.82
2015-09-30 3,207.06 270.41 771.68
2015-06-30 2,994.49 261.32 744.13
2015-03-31 2,992.76 251.61 742.98
2014-12-31 3,000.46 242.11 743.28
2014-09-30 2,942.17 238.66 761.58
2014-06-30 2,914.04 231.78 748.87
2014-03-31 2,886.47 223.26 752.38
2013-12-31 2,843.28 221.06 746.38
2013-09-30 2,756.85 210.30 775.50
2013-06-30 2,783.80 203.32 764.76
2013-03-31 2,730.15 203.40 762.40
2012-12-31 2,733.25 200.10 760.80
2012-09-30 2,722.57 201.98 741.99
2012-06-30 2,709.40 195.68 753.14

*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.
  • Grupo Catalana Occidente has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Grupo Catalana Occidente used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
  • Grupo Catalana Occidente has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Grupo Catalana Occidente'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.
Grupo Catalana Occidente has a total score of 3/6, 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 Grupo Catalana Occidente'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 Grupo Catalana Occidente's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Grupo Catalana Occidente is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Grupo Catalana Occidente's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Grupo Catalana Occidente'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 17.2x 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.
Raw Data

All data from Grupo Catalana Occidente Company Filings, last reported 1 month ago.

DB:OCZA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,482.30 200.50 1,366.00
2018-12-31 3,204.14 207.06 1,163.56
2018-09-30 3,258.90 200.40 1,127.60
2018-06-30 3,167.30 202.39 1,119.02
2018-03-31 3,135.30 200.30 1,150.90
2017-12-31 3,078.60 213.14 1,256.22
2017-09-30 2,999.70 193.50 1,269.10
2017-06-30 2,936.24 194.52 1,136.55
2017-03-31 2,938.80 197.70 1,213.90
2016-12-31 2,834.70 210.44 1,036.68
2016-09-30 2,741.60 209.60 978.70
2016-06-30 2,640.01 220.37 1,079.80
2016-03-31 2,629.90 213.60 917.90
2015-12-31 2,585.85 217.59 609.73
2015-09-30 2,481.90 214.00 788.20
2015-06-30 2,487.27 208.79 790.35
2015-03-31 2,710.50 248.20 774.30
2014-12-31 2,437.61 300.07 652.41
2014-09-30 2,335.10 248.00 776.50
2014-06-30 2,230.21 119.88 441.75
2014-03-31 2,139.00 119.70 480.90
2013-12-31 1,980.84 131.54 454.24
2013-09-30 1,868.60 119.30 533.80
2013-06-30 1,752.72 119.16 554.49
2013-03-31 1,755.60 684.00 605.20
2012-12-31 1,676.45 125.00 403.07
2012-09-30 1,561.70 671.20 469.70
2012-06-30 1,457.87 118.44 778.60
  • Grupo Catalana Occidente's level of debt (5.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.6% vs 5.8% today).
  • Debt is well covered by operating cash flow (242.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 68.4x coverage).
X
Financial health checks
We assess Grupo Catalana Occidente'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. Grupo Catalana Occidente has a total score of 4/6, 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.

Dividends

 What is Grupo Catalana Occidente'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
2.58%
Current annual income from Grupo Catalana Occidente dividends. Estimated to be 3.01% next year.
If you bought €2,000 of Grupo Catalana Occidente shares you are expected to receive €52 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?
  • Grupo Catalana Occidente's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Grupo Catalana Occidente's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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:OCZA 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 3 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 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:OCZA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.01 2.00
2020-12-31 0.97 3.00
2019-12-31 0.91 3.00
DB:OCZA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.822 2.543
2018-02-26 0.775 2.159
2018-01-15 0.775 2.128
2017-02-24 0.723 2.029
2017-02-23 0.723 2.309
2016-02-25 0.673 2.476
2015-02-26 0.628 2.243
2014-02-28 0.592 2.297
2014-02-27 0.592 2.040
2013-02-28 0.569 2.724
2012-02-27 0.569 4.687
2011-04-29 0.518 3.747
2011-01-27 0.400 2.559
2010-06-23 0.400 2.987
2010-04-29 0.507 3.967
2010-02-26 0.507 3.238
2010-01-04 0.507 3.217
2009-09-25 0.320 2.020

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 Grupo Catalana Occidente's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x 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 Grupo Catalana Occidente'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 Grupo Catalana Occidente afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Grupo Catalana Occidente has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Grupo Catalana Occidente'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
José Álvarez Juste
COMPENSATION €519,000
AGE 58
TENURE AS CEO 7.1 years
CEO Bio

Mr. José Ignacio Álvarez Juste serves as Chief Executive Officer and Director of Grupo Catalana Occidente, SA since April 26, 2016. His experience includes Experience CEO of Bilbao Compañía Anónima de Seguros y Reaseguros, S.A., Board Member of Bilbao Hipotecaria, S.A., E.F.C., Board Member of Bilbao Telemark, S.L., Board Member of Bilbao Vida y Gestores Financieros, S.A., Board Member of Grupo Catalana Occidente, Contact Center, A.I.E., Board Member of Grupo Catalana Occidente, Tecnología y Servicios, A.I.E., Chairman of Grupo Compañía Española de Crédito y Caución, S.L., Board Member’s Representative of Plus Ultra, Seguros Generales y Vida, S.A. de Seguros y Reaseguros, Chairman of Seguros Bilbao Fondos, S.A., S.G.I.I.C., Chairman of S. Órbita, Sociedad de Agencia de Seguros, S.A. and CEO of Seguros Catalana Occidente, S.A. de Seguros y Reaseguros.

CEO Compensation
  • José's compensation has been consistent with company performance over the past year, both up more than 20%.
  • José's remuneration is lower than average for companies of similar size in Germany.
Management Team

Jose Serra Farré

TITLE
Executive Chairman
COMPENSATION
€44K
AGE
74

José Álvarez Juste

TITLE
CEO & Director
COMPENSATION
€519K
AGE
58
TENURE
7.1 yrs

Hugo Calderón

TITLE
Executive Director
COMPENSATION
€89K
AGE
43
TENURE
5.9 yrs

Francisco Arregui Laborda

TITLE
Director General & Secretary
COMPENSATION
€541K
AGE
61

Carlos Bailac

TITLE
Financial Director

Patricia Rodríguez García

TITLE
Investor Relations

David Ponce

TITLE
Chief Executive Officer of Plus Ultra

Joaquín Guallar Pérez

TITLE
Vice-Secretary
AGE
43
Board of Directors Tenure

Average tenure and age of the Grupo Catalana Occidente board of directors in years:

16.4
Average Tenure
62
Average Age
  • The average tenure for the Grupo Catalana Occidente board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

José Álvarez Juste

TITLE
CEO & Director
COMPENSATION
€519K
AGE
58
TENURE
7.1 yrs

Javier Juncadella Salisachs

TITLE
Vice Chairman
COMPENSATION
€191K
AGE
71
TENURE
7.3 yrs

Jose Serra Farré

TITLE
Executive Chairman
COMPENSATION
€44K
AGE
74

Hugo Calderón

TITLE
Executive Director
COMPENSATION
€89K
AGE
43

Francisco Arregui Laborda

TITLE
Director General & Secretary
COMPENSATION
€541K
AGE
61
TENURE
21.3 yrs

Francisco Pérez Farguell

TITLE
Independent Director
AGE
63
TENURE
23.1 yrs

Juan Guerrero Gilabert

TITLE
Independent Director
AGE
60
TENURE
8.1 yrs

Jorge Izard

TITLE
Director
COMPENSATION
€23K
AGE
74
TENURE
26.1 yrs

Enrique Godó

TITLE
Director
AGE
59
TENURE
11.5 yrs

Federico Blasco

TITLE
Director
COMPENSATION
€23K
AGE
76
TENURE
25.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Grupo Catalana Occidente insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
08. May 19 Buy Jose Serra Farré Individual 29. Apr 19 30. Apr 19 6,000 €33.34 €199,249
06. Mar 19 Buy Jose Serra Farré Individual 04. Mar 19 04. Mar 19 4,560 €32.78 €149,477
21. Dec 18 Buy Francisco Arregui Laborda Individual 18. Dec 18 18. Dec 18 3,771 €33.96 €127,651
12. Dec 18 Buy Jose Serra Farré Individual 05. Dec 18 05. Dec 18 2,800 €35.43 €99,204
05. Sep 18 Buy Francisco Arregui Laborda Individual 02. Aug 18 02. Aug 18 470 €34.71 €16,314
X
Management checks
We assess Grupo Catalana Occidente'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. Grupo Catalana Occidente 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

Company Info

Description

Grupo Catalana Occidente, S.A., together with its subsidiaries, provides insurance products and services worldwide. The company offers multirisk products and services related to home and family, stores, communities, offices, and SMEs; life insurance products, such as life risk, life savings, pension plans, and investment funds, as well as funeral, death, and health insurance; and automobile insurance coverage products for cars or transport fleets. It also provides other insurance products, such as industrial products, engineering, accidents, and liability; and credit insurance and reinsurance. In addition, the company offers domestic and international debt collection services; and installment credit protection and special products. Grupo Catalana Occidente, S.A. markets its products primarily under the Seguros Catalana Occidente, Plus Ultra Seguros, Seguros Bilbao, NorteHispana Seguros, Crédito y Caución, Atradius, and Atradius Re brands. The company was founded in 1864 and is headquartered in Barcelona, Spain. Grupo Catalana Occidente, S.A. is a subsidiary of INOC, S.A.

Details
Name: Grupo Catalana Occidente, S.A.
OCZA
Exchange: DB
Founded: 1864
€3,760,381,633
117,880,302
Website: http://www.grupocatalanaoccidente.com
Address: Grupo Catalana Occidente, S.A.
Avenida Alcalde Barnils nº 63,
Sant Cugat del Vallés,
Barcelona,
Catalonia, 08174,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME GCO Ordinary Shares Bolsas y Mercados Espanoles ES EUR 08. Nov 1993
DB OCZA Ordinary Shares Deutsche Boerse AG DE EUR 08. Nov 1993
LSE 0NRN Ordinary Shares London Stock Exchange GB EUR 08. Nov 1993
BMV GCO N Ordinary Shares Bolsa Mexicana de Valores MX MXN 08. Nov 1993
BATS-CHIXE GCOE Ordinary Shares BATS 'Chi-X Europe' GB EUR 08. Nov 1993
Number of employees
Current staff
Staff numbers
7,429
Grupo Catalana Occidente employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 21:17
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/04/25
Last earnings filing: 2019/04/25
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.