Loading...

Mapfre

BME:MAP
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MAP
BME
€8B
Market Cap
  1. Home
  2. ES
  3. Insurance
Company description

Mapfre, S.A., engages in the insurance and reinsurance activities worldwide. The last earnings update was 50 days ago. More info.


Add to Portfolio Compare Print
MAP Share Price and Events
7 Day Returns
2.2%
BME:MAP
0.9%
Europe Insurance
-0.4%
ES Market
1 Year Returns
6.7%
BME:MAP
7.7%
Europe Insurance
-4.7%
ES Market
MAP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mapfre (MAP) 2.2% 3.1% 7.9% 6.7% 30% -6.4%
Europe Insurance 0.9% 1.3% 2.1% 7.7% 29.6% 27.3%
ES Market -0.4% -0.2% -1.1% -4.7% 9.6% -18.4%
1 Year Return vs Industry and Market
  • MAP underperformed the Insurance industry which returned 7.7% over the past year.
  • MAP outperformed the Market in Spain which returned -4.7% over the past year.
Price Volatility
MAP
Industry
5yr Volatility vs Market

MAP Value

 Is Mapfre 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 Mapfre 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 Mapfre.

BME:MAP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= €2.89 * 9.8%
€0.28
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. €2.89
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year ES Government Bond Rate 1.5%

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 BME:MAP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ES Govt Bond Rate 1.5%
Equity Risk Premium S&P Global 8.2%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.69 (1 + (1- 25%) (36.53%))
0.919
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.53% + (0.919 * 8.18%)
9.04%

Discounted Cash Flow Calculation for BME:MAP using Excess Returns Model Model

The calculations below outline how an intrinsic value for Mapfre 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.

BME:MAP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.8% – 9.04%) * €2.89)
€0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.02 / (9.04% - 1.53%)
€0.28
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €2.89 + €0.28
€3.17
BME:MAP Discount to Share Price
Calculation Result
Value per share (EUR) From above. €3.17
Current discount Discount to share price of €2.73
= -1 x (€2.73 - €3.17) / €3.17
13.9%

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

Current Discount
Amount off the current price Mapfre is available for.
Intrinsic value
14%
Share price is €2.73 vs Future cash flow value of €3.17
Current Discount Checks
For Mapfre to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mapfre's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Mapfre'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 Mapfre's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mapfre's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:MAP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.17
BME:MAP Share Price ** BME (2019-06-19) in EUR €2.73
Europe Insurance Industry PE Ratio Median Figure of 67 Publicly-Listed Insurance Companies 13.56x
Spain Market PE Ratio Median Figure of 138 Publicly-Listed Companies 17.31x

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

** Primary Listing of Mapfre.

BME:MAP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 2.73 ÷ 0.17

15.88x

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

  • Mapfre is overvalued based on earnings compared to the Europe Insurance industry average.
  • Mapfre is good value based on earnings compared to the Spain market.
Price based on expected Growth
Does Mapfre's expected growth come at a high price?
Raw Data
BME:MAP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
7.8%per year
Europe Insurance Industry PEG Ratio Median Figure of 54 Publicly-Listed Insurance Companies 2.04x
Spain Market PEG Ratio Median Figure of 79 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

BME:MAP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.88x ÷ 7.8%

2.03x

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

  • Mapfre is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mapfre's assets?
Raw Data
BME:MAP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €2.64
BME:MAP Share Price * BME (2019-06-19) in EUR €2.73
Europe Insurance Industry PB Ratio Median Figure of 73 Publicly-Listed Insurance Companies 1.33x
Spain Market PB Ratio Median Figure of 185 Publicly-Listed Companies 1.66x
BME:MAP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.73 ÷ 2.64

1.03x

* Primary Listing of Mapfre.

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

  • Mapfre is good value based on assets compared to the Europe Insurance industry average.
X
Value checks
We assess Mapfre'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. Mapfre 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.

MAP Future Performance

 How is Mapfre expected to perform in the next 1 to 3 years based on estimates from 7 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
7.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mapfre expected to grow at an attractive rate?
  • Mapfre's earnings growth is expected to exceed the low risk savings rate of 1.5%.
Growth vs Market Checks
  • Mapfre's earnings growth is positive but not above the Spain market average.
  • Mapfre's revenue growth is positive but not above the Spain market average.
Annual Growth Rates Comparison
Raw Data
BME:MAP Future Growth Rates Data Sources
Data Point Source Value (per year)
BME:MAP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 7.8%
BME:MAP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 3.2%
Europe Insurance Industry Earnings Growth Rate Market Cap Weighted Average 8.8%
Europe Insurance Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Spain Market Earnings Growth Rate Market Cap Weighted Average 7.8%
Spain Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
BME:MAP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:MAP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 898
2022-12-31 25,113 903 1
2021-12-31 24,078 872 4
2020-12-31 23,608 838 6
2019-12-31 22,841 734 6
BME:MAP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 21,566 530
2018-12-31 21,259 432 529
2018-09-30 21,497 785
2018-06-30 21,223 255 671
2018-03-31 21,328 681
2017-12-31 21,984 454 701
2017-09-30 21,969 648
2017-06-30 22,220 -49 810
2017-03-31 22,333 790
2016-12-31 21,821 159 775
2016-09-30 21,314 689
2016-06-30 20,872 666 619

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mapfre's earnings are expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
  • Mapfre's revenue is expected to grow by 3.2% 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
BME:MAP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Mapfre Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:MAP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.29 0.29 0.29 1.00
2022-12-31 0.31 0.33 0.29 3.00
2021-12-31 0.29 0.30 0.29 6.00
2020-12-31 0.28 0.30 0.27 8.00
2019-12-31 0.25 0.26 0.24 6.00
BME:MAP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.17
2018-12-31 0.17
2018-09-30 0.26
2018-06-30 0.23
2018-03-31 0.22
2017-12-31 0.23
2017-09-30 0.20
2017-06-30 0.26
2017-03-31 0.26
2016-12-31 0.25
2016-09-30 0.26
2016-06-30 0.20

*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.
  • Mapfre is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mapfre'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Mapfre 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.

MAP Past Performance

  How has Mapfre 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 Mapfre'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.
  • Mapfre's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Mapfre's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mapfre's 1-year earnings growth is negative, it can't be compared to the Europe Insurance industry average.
Earnings and Revenue History
Mapfre'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 Mapfre Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:MAP 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 21,566.44 529.96 1,112.70
2018-12-31 21,259.34 528.86 1,147.20
2018-09-30 21,496.64 784.71 1,195.80
2018-06-30 21,223.38 671.10 1,217.36
2018-03-31 21,328.04 681.31 1,239.30
2017-12-31 21,984.14 700.51 1,249.80
2017-09-30 21,969.43 648.05 1,227.10
2017-06-30 22,219.88 810.14 1,247.26
2017-03-31 22,332.83 789.95 1,277.40
2016-12-31 21,820.63 775.45 1,268.90
2016-09-30 21,314.29 689.14 -1,916.94
2016-06-30 20,871.77 618.74 1,257.01
2016-03-31 20,328.17 533.84 1,211.16
2015-12-31 20,640.59 522.24 1,326.46
2015-09-30 21,585.48 626.72 1,517.11
2015-06-30 21,054.57 632.00 1,221.26
2015-03-31 21,532.98 806.62 1,424.31
2014-12-31 20,679.95 780.83 1,252.66
2014-09-30 21,328.90 781.60 1,576.20
2014-06-30 20,583.20 768.84 1,558.24
2014-03-31 21,206.87 746.92 1,560.09
2013-12-31 20,764.94 792.12 1,564.09
2013-09-30 20,553.04 706.38 1,303.50
2013-06-30 21,067.72 700.18 1,349.15
2013-03-31 20,796.64 671.28 1,334.30
2012-12-31 20,937.60 678.40 1,307.80
2012-09-30 21,298.53 855.41 1,194.00
2012-06-30 20,878.53 856.72 1,295.64

*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.
  • Mapfre has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mapfre used its assets less efficiently than the Europe Insurance industry average last year based on Return on Assets.
  • Mapfre's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mapfre'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.
Mapfre has a total score of 0/6, 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.

MAP Health

 How is Mapfre'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 Mapfre's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mapfre is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mapfre's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mapfre'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 8.3x 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 Mapfre Company Filings, last reported 2 months ago.

BME:MAP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 9,542.60 3,044.30 8,853.40
2018-12-31 9,197.58 2,670.28 7,742.18
2018-09-30 9,797.60 2,527.00 8,248.60
2018-06-30 10,106.64 2,452.70 7,548.40
2018-03-31 10,325.70 2,410.30 7,317.90
2017-12-31 10,512.66 2,327.40 7,326.58
2017-09-30 10,792.30 2,386.30 7,174.90
2017-06-30 10,863.48 2,643.95 6,831.36
2017-03-31 11,220.90 2,818.00 7,880.60
2016-12-31 11,443.48 2,210.68 6,469.72
2016-09-30 11,286.00 2,267.50 6,079.90
2016-06-30 11,179.02 2,312.14 6,169.35
2016-03-31 10,472.50 1,775.10 1,131.30
2015-12-31 10,408.29 1,920.62 4,419.18
2015-09-30 10,331.80 1,941.80 1,104.20
2015-06-30 10,954.15 2,717.26 4,498.95
2015-03-31 11,572.90 1,832.90 1,157.50
2014-12-31 11,469.42 1,792.84 4,692.16
2014-09-30 11,135.70 1,756.50 1,163.50
2014-06-30 10,713.16 1,827.01 4,510.22
2014-03-31 10,371.00 1,781.40 1,299.10
2013-12-31 9,893.67 1,792.38 4,069.31
2013-09-30 10,173.20 1,930.70 1,363.20
2013-06-30 10,221.38 2,080.04 5,009.76
2013-03-31 10,491.40 1,891.50 780.10
2012-12-31 10,136.30 1,966.10 4,848.70
2012-09-30 10,140.20 1,893.30 789.20
2012-06-30 9,763.04 1,912.84 4,764.98
  • Mapfre's level of debt (31.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17.2% vs 31.9% today).
  • Debt is not well covered by operating cash flow (14.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 21x coverage).
X
Financial health checks
We assess Mapfre'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. Mapfre has a total score of 3/6, 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.

MAP Dividends

 What is Mapfre'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
5.32%
Current annual income from Mapfre dividends. Estimated to be 6.05% next year.
If you bought €2,000 of Mapfre shares you are expected to receive €106 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?
  • Mapfre's pays a higher dividend yield than the bottom 25% of dividend payers in Spain (2.2%).
  • Mapfre's dividend is above the markets top 25% of dividend payers in Spain (5.11%).
Upcoming dividend payment

Purchase Mapfre before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
BME:MAP 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 7 Analyst Estimates (S&P Global) See Below
Europe Insurance Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 4.9%
Spain Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 4.4%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.2%
Spain Bottom 25% Dividend Yield 25th Percentile 2.2%
Spain Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BME:MAP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.17 1.00
2022-12-31 0.18 3.00
2021-12-31 0.17 6.00
2020-12-31 0.16 8.00
2019-12-31 0.15 8.00
BME:MAP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-08 0.145 5.655
2018-02-12 0.145 5.560
2017-02-10 0.145 4.909
2016-11-10 0.130 4.540
2016-05-03 0.130 5.707
2015-11-04 0.140 6.630
2015-03-17 0.140 4.757
2014-11-05 0.140 4.751
2014-10-23 0.130 4.765
2014-02-12 0.130 4.465
2013-02-06 0.110 3.988
2012-10-26 0.080 3.571
2012-05-09 0.150 8.319
2011-02-03 0.150 6.020
2010-11-02 0.150 6.827
2010-03-08 0.150 6.218
2009-11-17 0.150 5.239
2009-09-22 0.160 5.187

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

  • 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
What portion of Mapfre's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Mapfre's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Mapfre afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mapfre 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.

MAP Management

 What is the CEO of Mapfre'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
Antonio Huertas Mejías
COMPENSATION €2,674,000
AGE 54
TENURE AS CEO 7.3 years
CEO Bio

Mr. Antonio Huertas Mejías serves as Chairman and CEO of MAPFRE SA (“MAPFRE”). Mr. Mejías serves as President of Fundación MAPFRE. His Other positions include: President of the Board of Trustees of Fundación MAPFRE since February 2014; Member of the Business Council for Competitiveness since February 2012 and Senior Executive for General Counsel, Internal Audit, Business Support and Strategy & Development Corporate Areas. His Previous positions include: Member of the Board of Trustees of Fundación MAPFRE from November 2006 to February 2014; CEO of the International Insurance and Global Businesses Divisions from April 2012 to January 2014; Member of the Board of Directors of the Spanish Insurance Compensation Consortium from March 2012 to December 2013; First Vice Chairman of UNESPA, the Spanish Insurers and Reinsurers Association from 2011 to 2013; Chairman of MAPFRE Spain’s Domestic Insurance Division from January 2011 to March 2012; Member of the Board of Directors of MAPFRE VIDA S.A. from May 2007 to May 2012; Third Vice Chairman of the Board of Directors of MAPFRE from March 2011 to March 2012; Senior Executive, RED MAPFRE from November 2006 to December 2011; Chairman of the Board of Directors of MAPFRE FAMILIAR S.A. from 2006 to 2010; Chairman of MAPFRE AUTOMÓVILES S.A. from 2006 to 2008; Chairman of MAPFRE SEGUROS GENERALES S.A. from 2006 to 2008; Chairman of MAPFRE CAJA SALUD S.A. from 2006 to 2008; Executive Vice Chairman of MAPFRE AGROPECUARIA from 2006 to 2008; General Manager of MAPFRE MUTUALIDAD and Senior Executive of MAPFRE’s Automobile Unit from 2005 to 2006; Chairman and CEO of MAPFRE PRAICO (the “Company”) and MAPFRE FLORIDA from 2001 to 2004; General Manager of the Company from 2000 to 2004; Executive Vice Chairman of the Company from 1998 to 2000 and Regional Manager of MAPFRE MUTUALIDAD in Asturias and Extremadura from 1994 to 1998. Mr. Mejías did his B.A. in Law from the University of Salamanca.

CEO Compensation
  • Insufficient data for Antonio to compare compensation growth.
  • Antonio's remuneration is higher than average for companies of similar size in Spain.
Management Team Tenure

Average tenure and age of the Mapfre management team in years:

3.8
Average Tenure
54
Average Age
  • The tenure for the Mapfre management team is about average.
Management Team

Antonio Huertas Mejías

TITLE
Chairman & CEO
COMPENSATION
€3M
AGE
54
TENURE
7.3 yrs

Fernando Verdejo

TITLE
Group CFO & Director
COMPENSATION
€866K
AGE
57
TENURE
2.4 yrs

Francisco Marco Orenes

TITLE
Group Chief Business Support Officer & Director
COMPENSATION
€771K
AGE
61

José Inchausti Pérez

TITLE
Third Vice Chairman & CEO of Iberia Regional Area
AGE
54

Alfredo Castelo Marín

TITLE
Member of Executive Committee & CEO of the North America Region

José Jiménez Guajardo-Fajardo

TITLE
Group Chief Investment Officer
AGE
50
TENURE
3.8 yrs

Natalia Núñez Arana

TITLE
Deputy Director Capital Markets & Head of Investor Relations

Ángel Dávila Bermejo

TITLE
GM of Legal Affairs & Secretary General
AGE
55
TENURE
10.4 yrs

Maria Sanz Isla

TITLE
Member of Executive Committee & Group Chief People Officer
AGE
48

Jesús Martínez Castellanos

TITLE
Chief Executive Officer of LATAM NORTH Regional Area
AGE
53
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the Mapfre board of directors in years:

2.9
Average Tenure
56.5
Average Age
  • The average tenure for the Mapfre board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ignacio Baeza Gómez

TITLE
First Vice Chairman of the Board
COMPENSATION
€2M
AGE
56
TENURE
7.4 yrs

Antonio Huertas Mejías

TITLE
Chairman & CEO
COMPENSATION
€3M
AGE
54
TENURE
7.3 yrs

Catalina Brugarolas

TITLE
Second Vice-Chairwoman of the Board
COMPENSATION
€302K
AGE
55
TENURE
2.4 yrs

José Manuel Martínez Martínez

TITLE
Honorary Chairman

Julio Matrán

TITLE
Honorary Chairman

Fernando Verdejo

TITLE
Group CFO & Director
COMPENSATION
€866K
AGE
57
TENURE
2.4 yrs

Francisco Marco Orenes

TITLE
Group Chief Business Support Officer & Director
COMPENSATION
€771K
AGE
61
TENURE
2.3 yrs

José Inchausti Pérez

TITLE
Third Vice Chairman & CEO of Iberia Regional Area
AGE
54
TENURE
0.9 yrs

Georg Daschner

TITLE
Independent Director
COMPENSATION
€191K
AGE
69
TENURE
4.3 yrs

José Colomer Guiu

TITLE
Independent Director
COMPENSATION
€252K
AGE
66
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Mapfre insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. May 19 Buy Luis De Larramendi Martínez Individual 07. May 19 08. May 19 885,000 €2.65 €2,342,527
25. Feb 19 Buy Antonio Huertas Mejías Individual 22. Feb 19 22. Feb 19 10,175 €2.46 €25,031
X
Management checks
We assess Mapfre'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. Mapfre 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.

MAP News

Simply Wall St News

Are Dividend Investors Making A Mistake With Mapfre, S.A. (BME:MAP)?

Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … In this case, Mapfre likely looks attractive to investors, given its 5.5% dividend yield and a payment history of over ten years. … We struggle to make a case for buying Mapfre for its dividend, given that payments have shrunk over the past ten years.

Simply Wall St -

Do Institutions Own Mapfre, S.A. (BME:MAP) Shares?

View our latest analysis for Mapfre BME:MAP Ownership Summary, June 5th 2019 What Does The Institutional Ownership Tell Us About Mapfre? … Insider Ownership Of Mapfre The definition of company insiders can be subjective, and does vary between jurisdictions. … Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Simply Wall St -

Who Has Been Buying Mapfre, S.A. (BME:MAP) Shares?

Mapfre Insiders Bought Stock Recently Over the last three months, we've seen significant insider buying at Mapfre. … From looking at our data, insiders own €3.3m worth of Mapfre stock, about 0.04% of the company. … On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Mapfre stock.

Simply Wall St -

How Good Is Mapfre, S.A. (BME:MAP), When It Comes To ROE?

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every €1 worth of shareholders' equity, it generated €0.092 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Did Mapfre's (BME:MAP) Share Price Deserve to Gain 42%?

(BME:MAP) share price is up 42% in the last three years, clearly besting than the market return of around 15% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During three years of share price growth, Mapfre achieved compound earnings per share growth of 0.4% per year.

Simply Wall St -

What Is Mapfre, S.A.'s (BME:MAP) Share Price Doing?

received a lot of attention from a substantial price movement on the BME over the last few months, increasing to €2.55 at one point, and dropping to the lows of €2.29. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Mapfre's current trading price of €2.44 reflective of the actual value of the?

Simply Wall St -

Does Mapfre, S.A. (BME:MAP) Have A Place In Your Portfolio?

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … (BME:MAP) has paid dividends to shareholders, and these days it yields 6.0%. … View our latest analysis for Mapfre

Simply Wall St -

Mapfre, S.A. (BME:MAP): The Best Of Both Worlds

I've been keeping an eye on Mapfre, S.A. … (BME:MAP) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe MAP has a lot to offer.

Simply Wall St -

What Are Analysts Saying About The Future Of Mapfre, S.A.'s (BME:MAP)?

Help shape the future of investing tools and you could win a $250 gift card! … Based on Mapfre, S.A.'s (BME:MAP) earnings update on 31 December 2018, … with earnings expected to grow by a high double-digit of 51% in the upcoming year,

Simply Wall St -

Is It Too Late To Buy Mapfre, S.A. (BME:MAP) At Its February Price?

Growth expectations for Mapfre, S.A. … Let’s look into this by assessing MAP's expected growth over the next few years. … According to the analysts covering the company, the following few years should bring about good growth prospects for Mapfre

Simply Wall St -

MAP Company Info

Description

Mapfre, S.A., engages in the insurance and reinsurance activities worldwide. It offers life, health, accidents, savings and investment, retirement, burial, travel and lifestyle insurance; and homeowners, automobile, third-party liability, family, and other insurance. The company also provides vehicles, third-party liability and assets, agriculture and livestock, commercial establishments, and other insurance products. In addition, it offers insurance products for engineering and construction, hulls and aviation, transportation of goods, surety and credit, and other insurances, as well as other non-life and reinsurance products. The company offers its services to professionals, entrepreneurs, self-employed people and small companies, and various corporations, as well as individuals. It distributes its products through a network of 5,373 direct and delegate offices; and 7,487 branches of banking institutions and other sales points, as well as through 84,000 delegates, agents, and brokers. The company was formerly known as Corporacion Mapfre and changed its name to Mapfre, S.A. in December 2006. Mapfre, S.A. was founded in 1933 and is based in Majadahonda, Spain. Mapfre S.A. is a subsidiary of Cartera Mapfre, S.L.

Details
Name: Mapfre, S.A.
MAP
Exchange: BME
Founded: 1933
€8,334,371,132
3,055,121,383
Website: http://www.mapfre.com
Address: Mapfre, S.A.
Carretera de Pozuelo,
Majadahonda,
Madrid, 28222,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME MAP Ordinary Shares Bolsas y Mercados Espanoles ES EUR 02. Jan 1980
OTCPK MPFR.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1980
DB CMAB Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1980
LSE 0NQ2 Ordinary Shares London Stock Exchange GB EUR 02. Jan 1980
WBAG MAP Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1980
BATS-CHIXE MAPE Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1980
OTCPK MPFR.Y UNSPONSORD ADR Pink Sheets LLC US USD 31. Oct 2008
Number of employees
Current staff
Staff numbers
34,987
Mapfre employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 20:57
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/03
Last earnings filing: 2019/04/30
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.