Wüstenrot & Württembergische Valuation

Q: What is the Fair Price of WUW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

WUW (€11.74) is trading below our estimate of [[fair value]] (€61.29)

Is WUW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of WUW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WUW (€11.74) is trading below our estimate of fair value (€61.29)

Significantly Below Fair Value: WUW is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WUW?

Key metric: As WUW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for WUW. This is calculated by dividing WUW's market cap by their current earnings.
What is WUW's PE Ratio?
PE Ratio	25.8x
Earnings	€42.66m
Market Cap	€1.10b

WUW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.9x
Enterprise Value/EBITDA	5.9x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

How does WUW's PE Ratio compare to its peers?

The above table shows the PE ratio for WUW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	26.8x
NBG6 NÜRNBERGER Beteiligungs-AG	14.1x	38.4%	€587.5m
LIFE MSIG Life Insurance Indonesia	69x	n/a	Rp15.8t
RLV RheinLand Holding	12.5x	n/a	€115.2m
BLA Bangkok Life Assurance	11.6x	20.5%	฿35.0b
WUW Wüstenrot & Württembergische	25.8x	34.6%	€1.1b

Price-To-Earnings vs Peers: WUW is good value based on its Price-To-Earnings Ratio (25.8x) compared to the peer average (26.8x).

Price to Earnings Ratio vs Industry

How does WUW's PE Ratio compare vs other companies in the European Insurance Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: WUW is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the European Insurance industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is WUW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WUW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	25.8x
Fair PE Ratio	18.5x

Price-To-Earnings vs Fair Ratio: WUW is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the estimated Fair Price-To-Earnings Ratio (18.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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