Wüstenrot & Württembergische Valuation

Q: What is the Fair Price of WUWD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

WUWD (€13.12) is trading below our estimate of [[fair value]] (€60.81)

Is WUWD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of WUWD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WUWD (€13.12) is trading below our estimate of fair value (€60.81)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WUWD?

Key metric: As WUWD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for WUWD. This is calculated by dividing WUWD's market cap by their current revenue.
What is WUWD's PS Ratio?
PS Ratio	0.2x
Sales	€5.27b
Market Cap	€1.16b

WUWD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.2x
Enterprise Value/EBITDA	11x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does WUWD's PS Ratio compare to its peers?

The above table shows the PS ratio for WUWD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.7x
JUST Just Group	0.5x	21.7%	UK£1.5b
PHNX Phoenix Group Holdings	0.2x	-27.6%	UK£5.2b
CSN Chesnara	0.9x	n/a	UK£378.2m
LGEN Legal & General Group	1.1x	6.9%	UK£13.0b
WUWD Wüstenrot & Württembergische	0.2x	n/a	€1.2b

Price-To-Sales vs Peers: WUWD is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does WUWD's PS Ratio compare vs other companies in the GB Insurance Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
RQIH R&Q Insurance Holdings	0.001x	n/a	US$360.20k

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: WUWD is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Insurance industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is WUWD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WUWD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate WUWD's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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