BME:MAP

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Established dividend payer and fair value.


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


Market Performance


7 Day Return

-3.1%

MAP

0.03%

ES Insurance

0.5%

ES Market


1 Year Return

-6.2%

MAP

3.8%

ES Insurance

-3.7%

ES Market

MAP underperformed the Insurance industry which returned 3.8% over the past year.

MAP underperformed the Market in Spain which returned -3.7% over the past year.


Share holder returns

MAPIndustryMarket
7 Day-3.1%0.03%0.5%
30 Day4.3%5.8%4.1%
90 Day-5.0%-0.1%-1.0%
1 Year-1.8%-6.2%9.2%3.8%-0.5%-3.7%
3 Year17.2%2.9%48.0%27.4%15.8%5.1%
5 Year9.6%-11.7%59.1%23.5%2.8%-16.7%

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

1 month ago | Simply Wall St

Trade Alert: The Chairman & CEO Of Mapfre, S.A. (BME:MAP), Antonio Huertas Mejías, Has Just Spent €156k Buying Shares

Valuation

Is Mapfre undervalued based on future cash flows and its price relative to the stock market?

25%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Mapfre's share price is below the future cash flow value, and at a moderate discount (> 20%).

Mapfre's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

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

Mapfre is poor value based on expected growth next year.


Price Based on Value of Assets

Mapfre is good value based on assets compared to the Europe Insurance industry average.


Next Steps

Future Growth

How is Mapfre expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

6.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Mapfre's revenue is expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).

Mapfre's earnings are expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).

Mapfre's revenue growth is positive but not above the Spain market average.

Mapfre's earnings growth is positive but not above the Spain market average.

Mapfre's earnings growth is expected to exceed the low risk savings rate of 1.5%.


Earnings per Share Growth Estimates


Future Return on Equity

Mapfre is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Mapfre performed over the past 5 years?

-3.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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.


Return on Equity

Mapfre has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Mapfre used its assets less efficiently than the Europe Insurance industry average last year based on Return on Assets.


Return on Capital Employed

Mapfre's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Mapfre's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Mapfre's level of debt (30.5%) 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% vs 30.5% today).

Debt is not well covered by operating cash flow (2.8%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 19.8x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 8.2x debt.


Next Steps

Dividend

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

6.59%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Mapfre's pays a higher dividend yield than the bottom 25% of dividend payers in Spain (2.03%).

Mapfre's dividend is above the markets top 25% of dividend payers in Spain (5.3%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.7x coverage).


Next Steps

Management

What is the CEO of Mapfre's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Antonio Huertas Mejías (55yo)

7.5yrs

Tenure

€2,674,000

Compensation

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 Fundaci ...


CEO Compensation Analysis

Antonio's remuneration is higher than average for companies of similar size in Spain.

Antonio's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.9yrs

Average Tenure

55yo

Average Age

The average tenure for the Mapfre management team is less than 2 years, this suggests a new team.


Board Age and Tenure

2.9yrs

Average Tenure

57.5yo

Average Age

The average tenure for the Mapfre board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Mapfre individual insiders in the past 3 months.


Recent Insider Transactions

Buy€200,70007 Aug 19
Antonio Huertas Mejías
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares45,000
Max Price€4.46
Buy€155,70005 Aug 19
Antonio Huertas Mejías
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares45,000
Max Price€3.46
Buy€2,342,52709 May 19
Luis Hernando De Larramendi Martínez
EntityIndividual
Shares885,000
Max Price€2.65
Buy€25,03125 Feb 19
Antonio Huertas Mejías
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares10,175
Max Price€2.46

Ownership Breakdown


Management Team

  • Antonio Huertas Mejías (55yo)

    Chairman & CEO

    • Tenure: 7.5yrs
    • Compensation: €2.67m
  • Ángel Luis Dávila Bermejo (56yo)

    GM of Legal Affairs & Secretary General

    • Tenure: 0.7yrs
  • Alfredo Castelo Marín

    Member of Executive Committee & CEO of the North America Region

    • Tenure: 0yrs
  • Francisco José Marco Orenes (62yo)

    Group Chief Business Support Officer & Director

    • Tenure: 2.5yrs
    • Compensation: €771.00k
  • José Manuel Inchausti Pérez (55yo)

    Third Vice Chairman & CEO of Iberia Regional Area

    • Tenure: 1.2yrs
  • Eduardo Perez de Lema

    Member of Executive Committee & Chief Executive Officer of Mapfre Re

    • Tenure: 0yrs
  • Fernando Mata Verdejo (58yo)

    Group CFO & Director

    • Tenure: 2.7yrs
    • Compensation: €866.00k
  • José Manuel Corral Vázquez (50yo)

    Group Chief Business & Clients Officer and Member of Executive Committee

    • Tenure: 1.2yrs
  • Aristóbulo Bausela Sánchez (54yo)

    Member of Executive Committee & CEO of LATAM

    • Tenure: 0yrs
  • Jaime Tamayo Ibáñez (52yo)

    Member of Executive Committee & CEO of International Territorial Area

    • Tenure: 0yrs

Board Members

  • José Antonio Colomer Guiu (67yo)

    Independent Director

    • Tenure: 3.6yrs
    • Compensation: €252.00k
  • José Manuel Martínez Martínez

    Honorary Chairman

    • Tenure: 0yrs
  • Ignacio Baeza Gómez (57yo)

    First Vice Chairman of the Board

    • Tenure: 7.7yrs
    • Compensation: €1.59m
  • Antonio Huertas Mejías (55yo)

    Chairman & CEO

    • Tenure: 7.5yrs
    • Compensation: €2.67m
  • Julio Castelo Matrán

    Honorary Chairman

    • Tenure: 0yrs
  • Francisco José Marco Orenes (62yo)

    Group Chief Business Support Officer & Director

    • Tenure: 2.5yrs
    • Compensation: €771.00k
  • Catalina Miñarro Brugarolas (56yo)

    Second Vice-Chairwoman of the Board

    • Tenure: 2.7yrs
    • Compensation: €302.00k
  • José Manuel Inchausti Pérez (55yo)

    Third Vice Chairman & CEO of Iberia Regional Area

    • Tenure: 1.2yrs
  • Fernando Mata Verdejo (58yo)

    Group CFO & Director

    • Tenure: 2.7yrs
    • Compensation: €866.00k
  • Ana Isabel Fernández Álvarez (60yo)

    Independent Director

    • Tenure: 3.2yrs
    • Compensation: €193.00k

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: €7.619b
  • Shares outstanding: 3.05b
  • Website: https://www.mapfre.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MAPBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJan 1980
CMABDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1980
0NQ2LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1980
MPFR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1980
MAPEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1980
MAPWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1980
MPFR.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 20:55
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.