Market Cap
€9.2b
Last Updated
2021/04/14 19:20 UTC
Data Sources
Company Financials +
Executive Summary
Talanx AG provides insurance and reinsurance products and services worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with mediocre balance sheet.
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Share Price & News
How has Talanx's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: Insufficient data to determine TLXD's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine TLXD's volatility change over the past year.
Market Performance
7 Day Return
-1.7%
TLXD
0.5%
GB Insurance
1.5%
GB Market
1 Year Return
17.5%
TLXD
43.8%
GB Insurance
24.9%
GB Market
Return vs Industry: TLXD underperformed the UK Insurance industry which returned 43.8% over the past year.
Return vs Market: TLXD underperformed the UK Market which returned 24.9% over the past year.
Shareholder returns
| TLXD | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | 0.5% | 1.5% |
| 30 Day | 0.06% | 1.8% | 3.0% |
| 90 Day | n/a | 7.3% | 3.8% |
| 1 Year | 22.9%17.5% | 50.2%43.8% | 30.7%24.9% |
| 3 Year | 10.8%-2.3% | 8.3%-10.4% | 15.3%1.6% |
| 5 Year | 47.2%19.1% | 40.1%4.5% | 41.3%14.4% |
Long-Term Price Volatility Vs. Market
How volatile is Talanx's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Talanx undervalued compared to its fair value and its price relative to the market?
47.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TLXD (€36.48) is trading below our estimate of fair value (€69.24)
Significantly Below Fair Value: TLXD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TLXD is good value based on its PE Ratio (13.8x) compared to the GB Insurance industry average (15.7x).
PE vs Market: TLXD is good value based on its PE Ratio (13.8x) compared to the UK market (26x).
Price to Earnings Growth Ratio
PEG Ratio: TLXD is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: TLXD is good value based on its PB Ratio (0.9x) compared to the GB Insurance industry average (1.4x).
Future Growth
How is Talanx forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
17.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TLXD's forecast earnings growth (17.2% per year) is above the savings rate (1%).
Earnings vs Market: TLXD's earnings (17.2% per year) are forecast to grow slower than the UK market (20.8% per year).
High Growth Earnings: TLXD's earnings are forecast to grow, but not significantly.
Revenue vs Market: TLXD's revenue (0.9% per year) is forecast to grow slower than the UK market (6.4% per year).
High Growth Revenue: TLXD's revenue (0.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TLXD's Return on Equity is forecast to be low in 3 years time (10.3%).
Past Performance
How has Talanx performed over the past 5 years?
-0.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TLXD has high quality earnings.
Growing Profit Margin: TLXD's current net profit margins (1.7%) are lower than last year (2.4%).
Past Earnings Growth Analysis
Earnings Trend: TLXD's earnings have declined by 0.9% per year over the past 5 years.
Accelerating Growth: TLXD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TLXD had negative earnings growth (-27.1%) over the past year, making it difficult to compare to the Insurance industry average (-13%).
Return on Equity
High ROE: TLXD's Return on Equity (7%) is considered low.
Financial Health
How is Talanx's financial position?
Financial Position Analysis
Short Term Liabilities: TLXD's short term assets (€23.1B) do not cover its short term liabilities (€37.9B).
Long Term Liabilities: TLXD's short term assets (€23.1B) do not cover its long term liabilities (€126.0B).
Debt to Equity History and Analysis
Debt Level: TLXD's debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: TLXD's debt to equity ratio has increased from 25.2% to 33.6% over the past 5 years.
Debt Coverage: TLXD's debt is well covered by operating cash flow (109.9%).
Interest Coverage: TLXD's interest payments on its debt are well covered by EBIT (4.2x coverage).
Balance Sheet
Dividend
What is Talanx current dividend yield, its reliability and sustainability?
4.12%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: TLXD's dividend (4.09%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).
High Dividend: TLXD's dividend (4.09%) is low compared to the top 25% of dividend payers in the UK market (4.18%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TLXD has been paying a dividend for less than 10 years.
Growing Dividend: TLXD's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (56.3%), TLXD's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TLXD's dividends in 3 years are forecast to be well covered by earnings (40.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
Torsten Leue (54 yo)
2.92yrs
Tenure
€2,843,000
Compensation
Mr. Torsten Leue has been Chairman of the Supervisory board at E+S Rückversicherung AG since March 1, 2019. He serves as a Chairman of Supervisory Board at Hannover Rück SE since May 08, 2019 and serves as...
CEO Compensation Analysis
Compensation vs Market: Torsten's total compensation ($USD3.39M) is about average for companies of similar size in the UK market ($USD3.55M).
Compensation vs Earnings: Torsten's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: TLXD's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
Experienced Board: TLXD's board of directors are considered experienced (7.9 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
Talanx AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Talanx AG
- Ticker: TLXD
- Exchange: BATS-CHIXE
- Founded: 1996
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: €9.187b
- Shares outstanding: 252.80m
- Website: https://www.talanx.com
Number of Employees
Location
- Talanx AG
- HDI-Platz 1
- Hanover
- 30659
- Germany
Listings
Biography
Talanx AG provides insurance and reinsurance products and services worldwide. The company offers life, casualty, liability, motor, aviation, legal protection, fire, burglary and theft, water damage, plate ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/14 19:20 |
| End of Day Share Price | 2021/04/14 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.