Executive Summary
Mapfre, S.A., engages in the insurance and reinsurance activities worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued average dividend payer.
Similar Companies
Share Price & News
How has Mapfre's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MAP's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-3.0%
MAP
-3.5%
ES Insurance
-1.2%
ES Market
1 Year Return
-48.7%
MAP
-23.9%
ES Insurance
-22.4%
ES Market
Return vs Industry: MAP underperformed the Spanish Insurance industry which returned -24.1% over the past year.
Return vs Market: MAP underperformed the Spanish Market which returned -21.9% over the past year.
Shareholder returns
| MAP | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.0% | -3.5% | -1.2% |
| 30 Day | -8.4% | -5.9% | -0.8% |
| 90 Day | -19.7% | -9.2% | -6.0% |
| 1 Year | -45.5%-48.7% | -20.3%-23.9% | -20.1%-22.4% |
| 3 Year | -41.9%-50.2% | -8.1%-21.4% | -19.6%-26.8% |
| 5 Year | -38.0%-51.2% | 14.0%-12.1% | -17.1%-29.8% |
Price Volatility Vs. Market
How volatile is Mapfre's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
What Can We Conclude About Mapfre's (BME:MAP) CEO Pay?1 month ago | Simply Wall St
Mapfre's(BME:MAP) Share Price Is Down 49% Over The Past Three Years.2 months ago | Simply Wall St
Mapfre, S.A. Just Missed Earnings - But Analysts Have Updated Their ModelsValuation
Is Mapfre undervalued compared to its fair value and its price relative to the market?
46.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MAP (€1.32) is trading below our estimate of fair value (€2.46)
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 PE Ratio (7.8x) compared to the XE Insurance industry average (10.4x).
PE vs Market: MAP is good value based on its PE Ratio (7.8x) compared to the Spanish market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: MAP is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: MAP is good value based on its PB Ratio (0.5x) compared to the XE Insurance industry average (1x).
Next Steps
Future Growth
How is Mapfre forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
10.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MAP's forecast earnings growth (10.4% per year) is above the savings rate (1.3%).
Earnings vs Market: MAP's earnings (10.4% per year) are forecast to grow slower than the Spanish market (31% per year).
High Growth Earnings: MAP's earnings are forecast to grow, but not significantly.
Revenue vs Market: MAP's revenue (1.5% per year) is forecast to grow slower than the Spanish market (6.3% per year).
High Growth Revenue: MAP's revenue (1.5% 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 (8.3%).
Next Steps
Past Performance
How has Mapfre performed over the past 5 years?
-3.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MAP has high quality earnings.
Growing Profit Margin: MAP's current net profit margins (2.5%) are higher than last year (2.4%).
Past Earnings Growth Analysis
Earnings Trend: MAP's earnings have declined by 3.7% per year over the past 5 years.
Accelerating Growth: MAP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MAP had negative earnings growth (-2.3%) over the past year, making it difficult to compare to the Insurance industry average (-4.4%).
Return on Equity
High ROE: MAP's Return on Equity (8.6%) is considered low.
Next Steps
Financial Health
How is Mapfre's financial position?
Financial Position Analysis
Short Term Liabilities: MAP's short term assets (€23.0B) exceed its short term liabilities (€22.9B).
Long Term Liabilities: MAP's short term assets (€23.0B) do not cover its long term liabilities (€37.7B).
Debt to Equity History and Analysis
Debt Level: MAP's debt to equity ratio (31.5%) is considered satisfactory.
Reducing Debt: MAP's debt to equity ratio has increased from 24.7% to 31.5% over the past 5 years.
Debt Coverage: MAP's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: MAP's interest payments on its debt are well covered by EBIT (15.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Mapfre current dividend yield, its reliability and sustainability?
10.98%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MAP's dividend (10.98%) is higher than the bottom 25% of dividend payers in the Spanish market (2.35%).
High Dividend: MAP's dividend (10.98%) is in the top 25% of dividend payers in the Spanish market (6.76%)
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.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (85.9%), MAP's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MAP's dividends in 3 years are forecast to be covered by earnings (57.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.1yrs
Average management tenure
CEO
Antonio Huertas Mejías (56 yo)
8.58yrs
Tenure
€2,622,000
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 ($USD3.09M) is above average for companies of similar size in the Spanish market ($USD1.30M).
Compensation vs Earnings: Antonio's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.58yrs | €2.62m | 0.014% € 545.4k | |
| First Vice Chairman of the Board | 8.75yrs | €1.65m | 0.0073% € 295.9k | |
| Third Vice Chairman & CEO of Iberia Regional Area | 2.25yrs | no data | 0.0022% € 88.3k | |
| Group CFO & Director | 3.75yrs | €892.00k | 0.0026% € 105.6k | |
| Group Chief Business Support Officer & Director | 3.58yrs | €846.00k | 0.00066% € 26.6k | |
| Group Chief Operations Officer | no data | no data | no data | |
| Group Chief Investment Officer | 5.08yrs | no data | no data | |
| Deputy Director Capital Markets & Head of Investor Relations | no data | no data | no data | |
| General Counsel & Company Secretary | 11.75yrs | no data | no data | |
| Group Chief External Relations & Communication Officer | no data | no data | no data | |
| Group Chief People Officer | no data | no data | no data | |
| Chief Executive Officer of the North America Region | 3.75yrs | no data | no data |
5.1yrs
Average Tenure
56yo
Average Age
Experienced Management: MAP's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.58yrs | €2.62m | 0.014% € 545.4k | |
| First Vice Chairman of the Board | 8.75yrs | €1.65m | 0.0073% € 295.9k | |
| Third Vice Chairman & CEO of Iberia Regional Area | 2.25yrs | no data | 0.0022% € 88.3k | |
| Group CFO & Director | 3.75yrs | €892.00k | 0.0026% € 105.6k | |
| Group Chief Business Support Officer & Director | 3.58yrs | €846.00k | 0.00066% € 26.6k | |
| Independent Director | 4.67yrs | €274.00k | 0.000090% € 3.6k | |
| Nominee Director | 21.5yrs | €180.00k | 0.0013% € 51.2k | |
| Honorary Chairman | no data | no data | no data | |
| Nominee Director | 21.5yrs | €226.00k | 0.0011% € 43.1k | |
| Honorary Chairman | no data | no data | no data | |
| Independent Second Vice-Chairwoman of the Board | 3.75yrs | €306.00k | 0.00038% € 15.3k | |
| Independent Director | 4.25yrs | €206.00k | 0% € 0 |
4.5yrs
Average Tenure
60yo
Average Age
Experienced Board: MAP's board of directors are considered experienced (4.5 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Mapfre, S.A.'s company bio, 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
- Market Cap: €4.031b
- Shares outstanding: 3.05b
- Website: https://www.mapfre.com
Number of Employees
Location
- Mapfre, S.A.
- Carretera de Pozuelo
- Majadahonda
- Madrid
- 28222
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MAP | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Shares | ES | EUR | Jan 1980 |
| CMAB | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1980 |
| 0NQ2 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1980 |
| MPFR.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1980 |
| MAPE | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1980 |
| MAP | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jan 1980 |
| CMAB | ETLX (Eurotlx) | Yes | Ordinary Shares | IT | EUR | Jan 1980 |
| MPFR.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Oct 2008 |
Biography
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, a ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/19 21:52 |
| End of Day Share Price | 2020/10/19 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.