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MAP

Mapfre BME:MAP Stock Report

Last Price

€1.79

Market Cap

€5.5b

7D

1.3%

1Y

-2.4%

Updated

24 May, 2022

Data

Company Financials +
MAP fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance3/6
Financial Health3/6
Dividends3/6

MAP Stock Overview

Mapfre, S.A., engages in the insurance and reinsurance activities worldwide.

Mapfre Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mapfre
Historical stock prices
Current Share Price€1.79
52 Week High€2.01
52 Week Low€1.58
Beta1.07
1 Month Change-5.58%
3 Month Change-1.99%
1 Year Change-2.37%
3 Year Change-32.71%
5 Year Change-42.90%
Change since IPO-14.85%

Recent News & Updates

May 01
Mapfre (BME:MAP) Is Paying Out A Larger Dividend Than Last Year

Mapfre (BME:MAP) Is Paying Out A Larger Dividend Than Last Year

Mapfre, S.A. ( BME:MAP ) has announced that it will be increasing its dividend on the 31st of May to €0.069. This will...

Shareholder Returns

MAPES InsuranceES Market
7D1.3%-2.4%2.0%
1Y-2.4%-3.7%-7.8%

Return vs Industry: MAP matched the Spanish Insurance industry which returned -3.2% over the past year.

Return vs Market: MAP exceeded the Spanish Market which returned -7.8% over the past year.

Price Volatility

Is MAP's price volatile compared to industry and market?
MAP volatility
MAP Average Weekly Movement3.8%
Insurance Industry Average Movement4.7%
Market Average Movement4.4%
10% most volatile stocks in ES Market8.1%
10% least volatile stocks in ES Market1.2%

Stable Share Price: MAP is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MAP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
193331,478Antonio Huertas Mejiashttps://www.mapfre.com

Mapfre, S.A., engages in the insurance and reinsurance activities worldwide. It offers life, health, accident, savings and investment, retirement, burial, and travel and leisure insurance; and homeowner’s, automobile, third-party liability, family, and other insurance. The company also provides vehicle, third-party liability and asset, agriculture and livestock, commercial establishment, and other insurance products.

Mapfre Fundamentals Summary

How do Mapfre's earnings and revenue compare to its market cap?
MAP fundamental statistics
Market Cap€5.47b
Earnings (TTM)€765.20m
Revenue (TTM)€19.84b

7.1x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAP income statement (TTM)
Revenue€19.84b
Cost of Revenue€17.48b
Gross Profit€2.36b
Other Expenses€1.60b
Earnings€765.20m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Jul 27, 2022

Earnings per share (EPS)0.25
Gross Margin11.91%
Net Profit Margin3.86%
Debt/Equity Ratio32.0%

How did MAP perform over the long term?

See historical performance and comparison

Dividends

8.2%

Current Dividend Yield

58%

Payout Ratio

Does MAP pay a reliable dividends?

See MAP dividend history and benchmarks
When do you need to buy MAP by to receive an upcoming dividend?
Mapfre dividend dates
Ex Dividend DateMay 27 2022
Dividend Pay DateMay 31 2022
Days until Ex dividend1 day
Days until Dividend pay date5 days

Does MAP pay a reliable dividends?

See MAP dividend history and benchmarks

Valuation

Is Mapfre undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MAP (€1.79) is trading below our estimate of fair value (€3.98)

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


Price To Earnings Ratio

PE vs Industry: MAP is good value based on its Price-To-Earnings Ratio (7.1x) compared to the European Insurance industry average (10.6x).

PE vs Market: MAP is good value based on its Price-To-Earnings Ratio (7.1x) compared to the Spanish market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: MAP is poor value based on its PEG Ratio (16.4x)


Price to Book Ratio

PB vs Industry: MAP is good value based on its Price-To-Book Ratio (0.6x) compared to the XE Insurance industry average (1.1x).


Future Growth

How is Mapfre forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


0.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAP's forecast earnings growth (0.4% per year) is below the savings rate (0.9%).

Earnings vs Market: MAP's earnings (0.4% per year) are forecast to grow slower than the Spanish market (13% per year).

High Growth Earnings: MAP's earnings are forecast to grow, but not significantly.

Revenue vs Market: MAP's revenue (6% per year) is forecast to grow faster than the Spanish market (4.3% per year).

High Growth Revenue: MAP's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAP's Return on Equity is forecast to be low in 3 years time (8.5%).


Past Performance

How has Mapfre performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MAP has a high level of non-cash earnings.

Growing Profit Margin: MAP's current net profit margins (3.9%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: MAP's earnings have declined by 5.4% per year over the past 5 years.

Accelerating Growth: MAP's earnings growth over the past year (45.3%) exceeds its 5-year average (-5.4% per year).

Earnings vs Industry: MAP earnings growth over the past year (45.3%) exceeded the Insurance industry 10.9%.


Return on Equity

High ROE: MAP's Return on Equity (10.7%) is considered low.


Financial Health

How is Mapfre's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MAP's short term assets (€23.5B) exceed its short term liabilities (€18.9B).

Long Term Liabilities: MAP's short term assets (€23.5B) do not cover its long term liabilities (€35.3B).


Debt to Equity History and Analysis

Debt Level: MAP has more cash than its total debt.

Reducing Debt: MAP's debt to equity ratio has increased from 19.4% to 32% over the past 5 years.

Debt Coverage: MAP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MAP's interest payments on its debt are well covered by EBIT (16.9x coverage).


Balance Sheet


Dividend

What is Mapfre current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.16%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 25 2022Ex Dividend DateMay 27 2022Dividend Pay DateMay 31 20224 days from Ex DividendBuy in the next 1 day to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MAP's dividend (8.16%) is higher than the bottom 25% of dividend payers in the Spanish market (1.82%).

High Dividend: MAP's dividend (8.16%) is in the top 25% of dividend payers in the Spanish market (5.44%)


Stability and Growth of Payments

Stable Dividend: MAP's dividend payments have been volatile in the past 10 years.

Growing Dividend: MAP's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (58.3%), MAP's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: MAP is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

5.9yrs

Average management tenure


CEO

Antonio Huertas Mejias (57 yo)

10.17yrs

Tenure

€1,780,000

Compensation

Mr. Antonio Huertas Mejías serves as Chairman and Chief Executive Officer of MAPFRE SA since March 10, 2012 and has been its Director since December 29, 2006. Mr. Mejías serves as President of Fundación MA...


CEO Compensation Analysis

Compensation vs Market: Antonio's total compensation ($USD1.91M) is above average for companies of similar size in the Spanish market ($USD1.32M).

Compensation vs Earnings: Antonio's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MAP's management team is seasoned and experienced (5.9 years average tenure).


Board Members

Experienced Board: MAP's board of directors are considered experienced (6.8 years average tenure).


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

Mapfre, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Mapfre, S.A.
  • Ticker: MAP
  • Exchange: BME
  • Founded: 1933
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Implied Market Cap: €5.471b
  • Shares outstanding: 3.05b
  • Website: https://www.mapfre.com

Number of Employees


Location

  • Mapfre, S.A.
  • Carretera de Pozuelo
  • Majadahonda
  • Madrid
  • 28222
  • Spain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.