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Market Cap

€9.6b

Last Updated

2021/04/10 18:02 UTC

Data Sources

Company Financials +

Executive Summary

ageas SA/NV, together with its subsidiaries, engages in insurance business in Europe and Asia. More Details


Snowflake Analysis

6 star dividend payer and undervalued.


Similar Companies

Share Price & News

How has ageas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine AGSB's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine AGSB's volatility change over the past year.


Market Performance


7 Day Return

0%

AGSB

1.2%

GB Insurance

2.4%

GB Market


1 Year Return

46.0%

AGSB

38.6%

GB Insurance

24.0%

GB Market

Return vs Industry: AGSB exceeded the UK Insurance industry which returned 38.6% over the past year.

Return vs Market: AGSB exceeded the UK Market which returned 24% over the past year.


Shareholder returns

AGSBIndustryMarket
7 Day0%1.2%2.4%
30 Day0.3%2.6%3.2%
90 Day8.9%6.4%2.1%
1 Year54.2%46.0%44.8%38.6%29.9%24.0%
3 Year29.3%14.4%8.0%-10.7%14.9%1.2%
5 Year73.4%42.1%41.8%5.8%42.4%15.4%

Long-Term Price Volatility Vs. Market

How volatile is ageas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

36.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AGSB (€49.96) is trading below our estimate of fair value (€79.2)

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


Price To Earnings Ratio

PE vs Industry: AGSB is good value based on its PE Ratio (8.4x) compared to the GB Insurance industry average (14.8x).

PE vs Market: AGSB is good value based on its PE Ratio (8.4x) compared to the UK market (25.7x).


Price to Earnings Growth Ratio

PEG Ratio: AGSB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AGSB is good value based on its PB Ratio (0.8x) compared to the GB Insurance industry average (1.4x).


Future Growth

How is ageas forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-2.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGSB's earnings are forecast to decline over the next 3 years (-2.1% per year).

Earnings vs Market: AGSB's earnings are forecast to decline over the next 3 years (-2.1% per year).

High Growth Earnings: AGSB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AGSB's revenue is expected to decline over the next 3 years (-4.4% per year).

High Growth Revenue: AGSB's revenue is forecast to decline over the next 3 years (-4.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AGSB's Return on Equity is forecast to be low in 3 years time (9.3%).


Past Performance

How has ageas performed over the past 5 years?

28.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGSB has high quality earnings.

Growing Profit Margin: AGSB's current net profit margins (9.5%) are higher than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: AGSB's earnings have grown significantly by 28.7% per year over the past 5 years.

Accelerating Growth: AGSB's earnings growth over the past year (16.3%) is below its 5-year average (28.7% per year).

Earnings vs Industry: AGSB earnings growth over the past year (16.3%) exceeded the Insurance industry -13%.


Return on Equity

High ROE: AGSB's Return on Equity (9.4%) is considered low.


Financial Health

How is ageas's financial position?


Financial Position Analysis

Short Term Liabilities: AGSB's short term assets (€6.0B) do not cover its short term liabilities (€11.4B).

Long Term Liabilities: AGSB's short term assets (€6.0B) do not cover its long term liabilities (€86.2B).


Debt to Equity History and Analysis

Debt Level: AGSB's debt to equity ratio (44.6%) is considered high.

Reducing Debt: AGSB's debt to equity ratio has increased from 43.4% to 44.6% over the past 5 years.

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

Interest Coverage: AGSB's interest payments on its debt are well covered by EBIT (13.3x coverage).


Balance Sheet


Dividend

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

5.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AGSB's dividend (5.18%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: AGSB's dividend (5.18%) is in the top 25% of dividend payers in the UK market (4.19%)


Stability and Growth of Payments

Stable Dividend: AGSB's dividends per share have been stable in the past 10 years.

Growing Dividend: AGSB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.6%), AGSB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AGSB's dividends in 3 years are forecast to be covered by earnings (53.4% payout ratio).


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Hans J. De Cuyper (51 yo)

0.50

Tenure

Mr. Hans J. J. de Cuyper has been Chief Executive Officer and Director at Ageas SA/NV since October 22, 2020. Mr. de Cuyper had been the Chief Executive Officer of AG Insurance SA/NV since October 01, 2015...


Leadership Team

Experienced Management: AGSB's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: AGSB's board of directors are considered experienced (6 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

ageas SA/NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ageas SA/NV
  • Ticker: AGSB
  • Exchange: BATS-CHIXE
  • Founded: 1824
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €9.565b
  • Shares outstanding: 186.96m
  • Website: https://www.ageas.com

Number of Employees


Location

  • ageas SA/NV
  • Rue du Marquis 1/Markiesstraat 1
  • Box 7
  • Brussels
  • Brussels
  • 1000
  • Belgium

Listings


Biography

ageas SA/NV, together with its subsidiaries, engages in insurance business in Europe and Asia. The company primarily offers property, casualty, and life insurance products, as well as pension products; and...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/10 18:02
End of Day Share Price2021/03/22 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.