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Market Cap

€5.4b

Last Updated

2021/04/10 17:48 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

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: Insufficient data to determine MAPE's volatility over the past 3 months.

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


Market Performance


7 Day Return

1.9%

MAPE

1.2%

GB Insurance

2.4%

GB Market


1 Year Return

3.6%

MAPE

38.6%

GB Insurance

24.0%

GB Market

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

Return vs Market: MAPE underperformed the UK Market which returned 24% over the past year.


Shareholder returns

MAPEIndustryMarket
7 Day1.9%1.2%2.4%
30 Day12.3%2.6%3.2%
90 Day10.4%6.4%2.1%
1 Year10.5%3.6%44.8%38.6%29.9%24.0%
3 Year-23.3%-34.5%8.0%-10.7%14.9%1.2%
5 Year10.1%-13.5%41.8%5.8%42.4%15.4%

Long-Term 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

No news available

Valuation

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

38.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MAPE (€1.81) is trading below our estimate of fair value (€2.92)

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


Price To Earnings Ratio

PE vs Industry: MAPE is good value based on its PE Ratio (10.3x) compared to the GB Insurance industry average (14.8x).

PE vs Market: MAPE is good value based on its PE Ratio (10.3x) compared to the UK market (25.7x).


Price to Earnings Growth Ratio

PEG Ratio: MAPE is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: MAPE is good value based on its PB Ratio (0.6x) compared to the GB Insurance industry average (1.4x).


Future Growth

How is Mapfre forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAPE's forecast earnings growth (9.3% per year) is above the savings rate (1%).

Earnings vs Market: MAPE's earnings (9.3% per year) are forecast to grow slower than the UK market (20.8% per year).

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

Revenue vs Market: MAPE's revenue (5.3% per year) is forecast to grow slower than the UK market (6.5% per year).

High Growth Revenue: MAPE's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAPE'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?

-4.7%

Historical annual earnings growth


Earnings and Revenue History

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

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


Past Earnings Growth Analysis

Earnings Trend: MAPE's earnings have declined by 4.7% per year over the past 5 years.

Accelerating Growth: MAPE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MAPE had negative earnings growth (-13.5%) over the past year, making it difficult to compare to the Insurance industry average (-13%).


Return on Equity

High ROE: MAPE's Return on Equity (8.3%) is considered low.


Financial Health

How is Mapfre's financial position?


Financial Position Analysis

Short Term Liabilities: MAPE's short term assets (€28.8B) exceed its short term liabilities (€24.6B).

Long Term Liabilities: MAPE's short term assets (€28.8B) do not cover its long term liabilities (€34.8B).


Debt to Equity History and Analysis

Debt Level: MAPE's debt to equity ratio (30.4%) is considered satisfactory.

Reducing Debt: MAPE's debt to equity ratio has increased from 18.4% to 30.4% over the past 5 years.

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

Interest Coverage: MAPE'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?

7.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MAPE's dividend (7.13%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: MAPE's dividend (7.13%) is in the top 25% of dividend payers in the UK market (4.19%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (73.1%), MAPE's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MAPE's dividends in 3 years are forecast to be covered by earnings (61.9% payout ratio).


Next Steps

Management

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

5.6yrs

Average management tenure


CEO

Antonio Huertas Mejias (56 yo)

9.08yrs

Tenure

€1,698,000

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 ($USD2.02M) is about average for companies of similar size in the UK market ($USD2.19M).

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


Leadership Team

Experienced Management: MAPE's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: MAPE's board of directors are considered experienced (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.


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: MAPE
  • Exchange: BATS-CHIXE
  • Founded: 1933
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €5.400b
  • Shares outstanding: 3.05b
  • Website: https://www.mapfre.com

Number of Employees


Location

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

Listings


Biography

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,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/10 17:48
End of Day Share Price2021/04/07 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.