DB:WSV2

Stock Analysis Report

Vienna Insurance Group

Executive Summary

Vienna Insurance Group AG provides various insurance products and services.

Snowflake

Fundamentals

Undervalued with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Vienna Insurance Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

DB:WSV2

0.5%

DE Insurance

-0.7%

DE Market


1 Year Return

0.9%

DB:WSV2

21.2%

DE Insurance

-7.6%

DE Market

WSV2 underperformed the Insurance industry which returned 19% over the past year.

WSV2 outperformed the Market in Germany which returned -8.5% over the past year.


Share holder returns

WSV2IndustryMarket
7 Day0.9%0.5%-0.7%
30 Day4.0%2.0%-0.5%
90 Day-6.0%2.1%-3.8%
1 Year5.6%0.9%26.5%21.2%-4.6%-7.6%
3 Year53.6%37.2%85.4%63.0%18.5%8.3%
5 Year-25.1%-37.8%101.2%61.1%28.9%11.1%

Price Volatility Vs. Market

How volatile is Vienna Insurance Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Vienna Insurance Group undervalued based on future cash flows and its price relative to the stock market?

45%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Vienna Insurance Group's share price is below the future cash flow value, and at a moderate discount (> 20%).

Vienna Insurance Group's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Vienna Insurance Group is good value based on earnings compared to the DE Insurance industry average.

Vienna Insurance Group is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Vienna Insurance Group is poor value based on expected growth next year.


Price Based on Value of Assets

Vienna Insurance Group is good value based on assets compared to the DE Insurance industry average.


Next Steps

Future Growth

How is Vienna Insurance Group expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

9.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Vienna Insurance Group's revenue is expected to grow by 0.1% yearly, however this is not considered high growth (20% yearly).

Vienna Insurance Group's earnings are expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).

Vienna Insurance Group's revenue growth is positive but not above the Germany market average.

Vienna Insurance Group's earnings growth is positive but not above the Germany market average.

Vienna Insurance Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Vienna Insurance Group performed over the past 5 years?

4.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Vienna Insurance Group's year on year earnings growth rate has been positive over the past 5 years.

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

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


Return on Equity

Vienna Insurance Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

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


Return on Capital Employed

Vienna Insurance Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Vienna Insurance Group's financial position?


Financial Position Analysis

Vienna Insurance Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Vienna Insurance Group's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Vienna Insurance Group's level of debt (23.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (19.8% vs 23.8% today).

Debt is well covered by operating cash flow (66.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 6.1x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 3.2x debt.


Next Steps

Dividend

What is Vienna Insurance Group's current dividend yield, its reliability and sustainability?

4.88%

Expected Dividend Yield


Dividend Yield and Payments Analysis

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

Vienna Insurance Group'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 fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).


Next Steps

Management

What is the CEO of Vienna Insurance Group's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Elisabeth Stadler (58yo)

3.5yrs

Tenure

€1,274,000

Compensation

Prof. Elisabeth Stadler has been the Chairwoman of the Managing Board and Member of the Managing Board at Vienna Insurance Group AG since January 1, 2016 and also serves as its Chief Executive Officer and  ...


CEO Compensation Analysis

Elisabeth's remuneration is lower than average for companies of similar size in Germany.

Elisabeth's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.8yrs

Average Tenure

51yo

Average Age

The tenure for the Vienna Insurance Group management team is about average.


Board Age and Tenure

3.8yrs

Average Tenure

67yo

Average Age

The tenure for the Vienna Insurance Group board of directors is about average.


Insider Trading

No 3 month individual insider trading information.


Ownership Breakdown


Management Team

  • Wolfgang Petschko (41yo)

    Head of International Service Group Corporate & Large Risk-Business Underwriting/Claims

  • Judit Havasi (44yo)

    Member of the Managing Board

    • Tenure: 3.5yrs
    • Compensation: 818.00k
  • Natalia Cadek

    Group Compliance Officer

    • Tenure: 4.2yrs
  • Nina Higatzberger-Schwarz

    Head of Investor Relations

    • Tenure: 7.5yrs
  • Elisabeth Stadler (58yo)

    Chairwoman of the Managing Board

    • Tenure: 3.5yrs
    • Compensation: 1.27m
  • Peter Thirring (62yo)

    Member of the Managing Board

    • Tenure: 1.0yrs
    • Compensation: 543.00k
  • Peter Höfinger (48yo)

    Member of the Managing Board

    • Tenure: 10.5yrs
    • Compensation: 818.00k
  • Franz Fuchs (66yo)

    Member of the Managing Board

    • Tenure: 9.8yrs
    • Compensation: 818.00k
  • Liane Hirner (51yo)

    Member of the Managing Board & CFO

    • Tenure: 1.0yrs
    • Compensation: 529.14k
  • Birgit Moosmann

    Head of People Management


Board Members

  • Rudolf Ertl (73yo)

    First Supervisory Board Vice Chairman

    • Tenure: 2.2yrs
  • Heinz Öhler (74yo)

    Supervisory Board Member

    • Tenure: 17.5yrs
  • Gerhard Fabisch (59yo)

    Supervisory Board Member

    • Tenure: 2.2yrs
  • Gabriele Semmelrock-Werzer (61yo)

    Supervisory Board Member

    • Tenure: 2.2yrs
  • Maria Kubitschek (57yo)

    Second Deputy Chairman of the Supervisory Board

    • Tenure: 2.5yrs
  • Martina Dobringer (72yo)

    Supervisory Board Member

    • Tenure: 8.2yrs
  • Gertrude Tumpel-Gugerell (67yo)

    Member of the Supervisory Board

    • Tenure: 7.2yrs
  • Günter Geyer (76yo)

    Chairman of Supervisory Board

    • Tenure: 5.1yrs
  • Peter Mihók

    Member of Supervisory Board

    • Tenure: 0.2yrs
  • Georg Riedl (60yo)

    Supervisory Board Member

    • Tenure: 5.1yrs

Company Information

Vienna Insurance Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vienna Insurance Group AG
  • Ticker: WSV2
  • Exchange: DB
  • Founded: 1824
  • Industry: multi-line insurance
  • Sector: insurance
  • Market Cap: €3.053b
  • Shares outstanding: 128.00m
  • Website: Click here

Number of Employees


Location

  • Vienna Insurance Group AG
  • Schottenring 30
  • Vienna
  • Vienna
  • 1010
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VIGWBAG (Wiener Boerse AG)YesOrdinary Bearer SharesATEURJun 2005
WSV2DB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURJun 2005
0MZXLSE (London Stock Exchange)YesOrdinary Bearer SharesGBEURJun 2005
VIGSEP (The Stock Exchange Prague Co. Ltd.)YesOrdinary Bearer SharesCZCZKJun 2005
VNRG.FOTCPK (Pink Sheets LLC)YesOrdinary Bearer SharesUSUSDJun 2005
WSV2XTRA (XETRA Trading Platform)YesOrdinary Bearer SharesDEEURJun 2005
VIGVBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Bearer SharesGBEURJun 2005
VNRF.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDOct 2008

Biography

Vienna Insurance Group AG provides various insurance products and services. The company offers motor own damage, motor third party liability, other property and casualty, life, and health insurance. It ope ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/19 20:51
End of Day Share Price2019/07/19 00:00
Earnings2019/03/31
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.