DB:XCW

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Società Cattolica di Assicurazione - Società Cooperativa

Executive Summary

Società Cattolica di Assicurazione - Società Cooperativa provides life and non-life insurance products and services in Italy.


Snowflake Analysis

Good value with moderate growth potential.


Similar Companies

Share Price & News

How has Società Cattolica di Assicurazione - Società Cooperativa's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: XCW's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.8%

XCW

-4.3%

DE Insurance

-3.6%

DE Market


1 Year Return

-34.0%

XCW

-8.3%

DE Insurance

3.7%

DE Market

Return vs Industry: XCW underperformed the German Insurance industry which returned -8.3% over the past year.

Return vs Market: XCW underperformed the German Market which returned 3.8% over the past year.


Shareholder returns

XCWIndustryMarket
7 Day-5.8%-4.3%-3.6%
30 Day-3.3%-4.8%-2.0%
90 Day1.6%8.5%13.3%
1 Year-34.0%-34.0%-3.3%-8.3%6.0%3.7%
3 Year-23.1%-30.1%18.2%2.9%1.1%-6.9%
5 Year-15.5%-31.0%51.9%20.5%7.8%-6.8%

Price Volatility Vs. Market

How volatile is Società Cattolica di Assicurazione - Società Cooperativa's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Società Cattolica di Assicurazione - Società Cooperativa undervalued compared to its fair value and its price relative to the market?

9.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: XCW (€4.99) is trading below our estimate of fair value (€5.49)

Significantly Below Fair Value: XCW is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: XCW is poor value based on its PE Ratio (13.6x) compared to the DE Insurance industry average (10x).

PE vs Market: XCW is good value based on its PE Ratio (13.6x) compared to the German market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: XCW is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: XCW is good value based on its PB Ratio (0.5x) compared to the DE Insurance industry average (1x).


Next Steps

Future Growth

How is Società Cattolica di Assicurazione - Società Cooperativa forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

29.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: XCW's forecast earnings growth (29.7% per year) is above the savings rate (0.2%).

Earnings vs Market: XCW's earnings (29.7% per year) are forecast to grow faster than the German market (23.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: XCW's revenue (5.4% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: XCW's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: XCW's Return on Equity is forecast to be low in 3 years time (6%).


Next Steps

Past Performance

How has Società Cattolica di Assicurazione - Società Cooperativa performed over the past 5 years?

6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XCW has high quality earnings.

Growing Profit Margin: XCW's current net profit margins (0.9%) are lower than last year (1.7%).


Past Earnings Growth Analysis

Earnings Trend: XCW's earnings have grown by 6.4% per year over the past 5 years.

Accelerating Growth: XCW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: XCW had negative earnings growth (-42.1%) over the past year, making it difficult to compare to the Insurance industry average (10%).


Return on Equity

High ROE: XCW's Return on Equity (4%) is considered low.


Next Steps

Financial Health

How is Società Cattolica di Assicurazione - Società Cooperativa's financial position?


Financial Position Analysis

Short Term Liabilities: XCW's short term assets (€3.3B) do not cover its short term liabilities (€5.0B).

Long Term Liabilities: XCW's short term assets (€3.3B) do not cover its long term liabilities (€30.0B).


Debt to Equity History and Analysis

Debt Level: XCW's debt to equity ratio (28.9%) is considered satisfactory.

Reducing Debt: XCW's debt to equity ratio has increased from 12.4% to 28.9% over the past 5 years.

Debt Coverage: XCW's debt is well covered by operating cash flow (122.7%).

Interest Coverage: XCW's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Società Cattolica di Assicurazione - Società Cooperativa current dividend yield, its reliability and sustainability?

5.49%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate XCW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate XCW's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if XCW's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if XCW's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: XCW is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of XCW's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Carlo Ferraresi (54yo)

0.83

Tenure

€536,710

Compensation

Mr. Carlo Ferraresi has been Chief Executive Officer at Cattolica at Società Cattolica di Assicurazione - SC (formerly known as Società Cattolica di Assicurazione -Società Cooperativa) since October 2019 a ...


CEO Compensation Analysis

Compensation vs Market: Carlo's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD1.31M).

Compensation vs Earnings: Carlo's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Carlo Ferraresi
MD & CEO0.83yr€536.71kno data
Atanasio Pantarrotas
CFO & Investor Relations Officerno datano datano data
Samuele Marconcini
Deputy GM & COO1.58yrsno datano data
Massimo Di Tria
Chief Investment Officer2.42yrsno datano data
Francesco Minelli
Director of Marketing & Client Strategyno datano datano data
Valter Trevisani
GM & Co-Director of General Insurance Area0.58yrno datano data
Andrea Ongaro
Head of Group Risk Management Function3.25yrsno datano data
Giorgio Schieppati
Head of the Group Actuarial Function1.5yrsno datano data
Erminia Frigerio
Head of Media Relations2.58yrsno datano data
Jacopo Tanaglia
Head of M&A and Equity Investments1.58yrsno datano data
Alessandro Lai
Secretary & Director4.58yrs€242.55kno data

1.6yrs

Average Tenure

53yo

Average Age

Experienced Management: XCW's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Alessandro Lai
Secretary & Director4.58yrs€242.55kno data
Paolo Bedoni
Chairman of the Boardno data€1.04mno data
Giovanni Glisenti
Independent Director1.33yrs€38.44kno data
Aldo Poli
First Vice Chairman4.58yrs€340.24kno data
Carlo Napoleoni
Directorno data€98.95kno data
Barbara Blasevich
Vice President of the Board1.33yrs€240.40kno data
Cesare Brena
Independent Director1.33yrsno datano data
Bettina Campedelli
Independent Directorno data€167.04kno data
Federica Bonato
Independent Director1.33yrsno datano data
Eugenio Vanda
Independent Director4.58yrsno datano data
Chiara de' Stefani
Independent Director3.58yrsno datano data
Piergiuseppe Caldana
Independent Director1.33yrsno datano data

1.3yrs

Average Tenure

58yo

Average Age

Experienced Board: XCW's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Società Cattolica di Assicurazione - Società Cooperativa's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Società Cattolica di Assicurazione - Società Cooperativa
  • Ticker: XCW
  • Exchange: DB
  • Founded: 1896
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: €858.865m
  • Shares outstanding: 167.26m
  • Website: https://www.cattolica.it

Number of Employees


Location

  • Società Cattolica di Assicurazione - Società Cooperativa
  • Lungadige Cangrande, 16
  • Verona
  • Verona
  • 37126
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CASSBIT (Borsa Italiana)YesOrdinary SharesITEURNov 2000
XCWDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2000
0OMBLSE (London Stock Exchange)YesOrdinary SharesGBEURNov 2000
CASSMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 2000

Biography

Società Cattolica di Assicurazione - Società Cooperativa provides life and non-life insurance products and services in Italy. Its life insurance products include human life linked investment funds, health insurance, capitalized transactions, and pension funds. The company also provides non-life insurance products comprising accident and injury, health, land vehicle hulls, sea and inland water vessels, goods in transit, fire and natural forces, other damage to assets, land motor vehicles, suretyship, sundry financial losses, legal protection, and assistance insurance. It also provides insurance products for companies and agriculture sectors. The company engages in the real estate and investment activities. The company serves customers through a network of agencies, banks, and financial advisors. Società Cattolica di Assicurazione - Società Cooperativa was founded in 1896 and is based in Verona, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/02 21:57
End of Day Share Price2020/07/31 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.