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ASR Nederland

LSE:0RHS
Snowflake Description

Undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0RHS
LSE
€6B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

ASR Nederland N.V. provides various insurance and non-insurance products and services to private and business customers in the Netherlands and internationally. The last earnings update was 51 days ago. More info.


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0RHS Share Price and Events
7 Day Returns
2.5%
LSE:0RHS
3.5%
GB Insurance
0.6%
GB Market
1 Year Returns
5.9%
LSE:0RHS
-5%
GB Insurance
1.1%
GB Market
0RHS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ASR Nederland (0RHS) 2.5% 8.9% 7% 5.9% - -
GB Insurance 3.5% 5.2% 10.1% -5% 14.9% 23.7%
GB Market 0.6% 1.9% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0RHS outperformed the Insurance industry which returned -5% over the past year.
  • 0RHS outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0RHS
Industry
5yr Volatility vs Market
Related Companies

0RHS Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ASR Nederland to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ASR Nederland.

LSE:0RHS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= €39.59 * 12.4%
€4.91
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. €39.59
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0RHS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 25%) (64.81%))
1.051
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.051 * 5.96%)
7.49%

Discounted Cash Flow Calculation for LSE:0RHS using Excess Returns Model Model

The calculations below outline how an intrinsic value for ASR Nederland is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0RHS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.4% – 7.49%) * €39.59)
€1.95
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €1.95 / (7.49% - 1.23%)
€31.09
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €39.59 + €31.09
€70.67
LSE:0RHS Discount to Share Price
Calculation Result
Value per share (EUR) From above. €70.67
Current discount Discount to share price of €39.91
= -1 x (€39.91 - €70.67) / €70.67
43.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ASR Nederland is available for.
Intrinsic value
44%
Share price is €39.91 vs Future cash flow value of €70.67
Current Discount Checks
For ASR Nederland to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ASR Nederland's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ASR Nederland's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ASR Nederland's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ASR Nederland's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0RHS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €4.58
ENXTAM:ASRNL Share Price ** ENXTAM (2019-04-18) in EUR €39.91
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.26x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ASR Nederland.

LSE:0RHS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:ASRNL Share Price ÷ EPS (both in EUR)

= 39.91 ÷ 4.58

8.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASR Nederland is good value based on earnings compared to the GB Insurance industry average.
  • ASR Nederland is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does ASR Nederland's expected growth come at a high price?
Raw Data
LSE:0RHS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
4.2%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.54x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0RHS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.71x ÷ 4.2%

2.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASR Nederland is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ASR Nederland's assets?
Raw Data
LSE:0RHS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €38.86
ENXTAM:ASRNL Share Price * ENXTAM (2019-04-18) in EUR €39.91
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.12x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0RHS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:ASRNL Share Price ÷ Book Value per Share (both in EUR)

= 39.91 ÷ 38.86

1.03x

* Primary Listing of ASR Nederland.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASR Nederland is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess ASR Nederland's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. ASR Nederland has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0RHS Future Performance

 How is ASR Nederland expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ASR Nederland expected to grow at an attractive rate?
  • ASR Nederland's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • ASR Nederland's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • ASR Nederland's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0RHS Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0RHS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 4.2%
LSE:0RHS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts -5.2%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0RHS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0RHS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 4,996 730 2
2020-12-31 4,890 724 4
2019-12-31 4,735 690 3
LSE:0RHS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 5,681 740 646
2018-06-30 6,242 1,201 843
2018-03-31 6,199 801 858
2017-12-31 6,117 401 869
2017-09-30 6,441 -321 755
2017-06-30 6,643 -1,042 638
2017-03-31 6,715 -512 619
2016-12-31 6,635 1,137 621
2016-09-30 6,204 1,725 605
2016-06-30 5,772 2,313 588
2016-03-31 5,753 -660 610

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ASR Nederland's earnings are expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
  • ASR Nederland's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0RHS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from ASR Nederland Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0RHS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 5.13 6.46 4.12 8.00
2020-12-31 5.11 6.15 4.01 12.00
2019-12-31 4.85 5.82 3.87 12.00
LSE:0RHS Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 4.58
2018-06-30 5.92
2018-03-31 5.98
2017-12-31 6.01
2017-09-30 5.15
2017-06-30 4.30
2017-03-31 4.15
2016-12-31 4.14
2016-09-30 4.02
2016-06-30 3.90
2016-03-31 4.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ASR Nederland is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ASR Nederland's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ASR Nederland has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0RHS Past Performance

  How has ASR Nederland performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ASR Nederland's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ASR Nederland has delivered over 20% year on year earnings growth in the past 5 years.
  • ASR Nederland's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ASR Nederland's 1-year earnings growth is negative, it can't be compared to the GB Insurance industry average.
Earnings and Revenue History
ASR Nederland's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ASR Nederland Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0RHS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,681.00 646.00 665.00
2018-06-30 6,242.00 843.00 652.00
2018-03-31 6,199.00 857.50 645.50
2017-12-31 6,117.00 869.00 625.00
2017-09-30 6,440.50 755.00 638.50
2017-06-30 6,643.00 638.00 638.00
2017-03-31 6,715.00 618.50 645.50
2016-12-31 6,635.00 621.00 639.00
2016-09-30 6,203.50 604.50 645.50
2016-06-30 5,772.00 588.00 652.00
2016-03-31 5,753.00 610.00 640.00
2015-12-31 7,296.00 612.00 636.00
2015-09-30 7,828.50 592.00 628.00
2015-06-30 8,361.00 572.00 620.00
2015-03-31 8,467.00 441.50 615.00
2014-12-31 7,089.00 347.00 616.00
2014-09-30 6,935.50 282.50 605.50
2014-06-30 7,054.00 350.00 631.00
2014-03-31 7,089.50 315.50 637.00
2013-12-31 6,989.00 215.00 625.00
2013-09-30 7,420.50 301.00 663.50
2013-06-30 7,716.00 321.00 684.00
2013-03-31 7,755.00 318.50 688.00
2012-12-31 7,794.00 316.00 692.00
2012-09-30 6,948.50 235.00 690.00
2012-06-30 6,103.00 154.00 688.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ASR Nederland has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ASR Nederland used its assets less efficiently than the GB Insurance industry average last year based on Return on Assets.
  • ASR Nederland's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ASR Nederland's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ASR Nederland has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0RHS Health

 How is ASR Nederland's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ASR Nederland's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ASR Nederland is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ASR Nederland's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of ASR Nederland's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ASR Nederland Company Filings, last reported 3 months ago.

LSE:0RHS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,479.00 3,647.00 6,423.00
2018-06-30 5,493.00 3,358.00 6,493.00
2018-03-31 5,493.00 3,358.00 6,493.00
2017-12-31 5,432.00 3,190.00 5,752.00
2017-09-30 5,432.00 3,190.00 5,752.00
2017-06-30 4,835.00 3,437.00 5,227.00
2017-03-31 4,835.00 3,437.00 5,227.00
2016-12-31 4,471.00 4,019.00 4,277.00
2016-09-30 4,471.00 4,019.00 4,277.00
2016-06-30 4,064.00 4,847.00 5,778.00
2016-03-31 4,202.00 4,063.00 5,023.00
2015-12-31 4,259.00 2,726.00 3,118.00
2015-09-30 4,259.00 2,726.00 3,118.00
2015-06-30 4,053.00 2,305.00 2,830.00
2015-03-31 3,709.00 3,780.00 3,640.00
2014-12-31 3,709.00 3,780.00 3,640.00
2014-09-30 3,709.00 3,780.00 3,640.00
2014-06-30 2,700.00 1,854.00 2,563.00
2014-03-31 2,700.00 1,854.00 2,563.00
2013-12-31 3,657.00 1,309.00 1,832.00
2013-09-30 3,015.00 1,309.00 1,847.00
2013-06-30 2,607.00 1,665.00 2,052.00
2013-03-31 2,607.00 1,665.00 2,052.00
2012-12-31 2,663.00 2,374.00 2,883.00
2012-09-30 2,663.00 2,374.00 2,883.00
2012-06-30 2,596.00 2,661.00 539.00
  • ASR Nederland's level of debt (66.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36.1% vs 66.6% today).
  • Debt is well covered by operating cash flow (20.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.8x coverage).
X
Financial health checks
We assess ASR Nederland's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ASR Nederland has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0RHS Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.46%
Current annual income from ASR Nederland dividends. Estimated to be 4.98% next year.
If you bought €2,000 of ASR Nederland shares you are expected to receive €109 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ASR Nederland's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • ASR Nederland's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase ASR Nederland before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0RHS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0RHS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 2.10 1.00
2021-12-31 2.10 9.00
2020-12-31 2.01 13.00
2019-12-31 1.88 13.00
LSE:0RHS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-01 2.180 5.716
2019-02-20 2.180 5.730
2018-08-28 1.300 3.396
2018-03-28 1.630 4.407
2018-02-21 1.630 4.603
2017-03-28 1.270 3.998
2017-02-22 1.270 4.811
2016-06-10 1.130 5.625

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASR Nederland has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but ASR Nederland only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of ASR Nederland's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess ASR Nederland's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ASR Nederland afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ASR Nederland has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0RHS Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jos P. Baeten
COMPENSATION €956,000
AGE 60
TENURE AS CEO 10.3 years
CEO Bio

Mr. J.P.M. Baeten, also known as Jos, LL.M., is the Founder of ASR Nederland N.V. and has been its Chief Executive Officer since January 26, 2009. Mr. Baeten has been Chairman of The Executive Board at ASR Nederland N.V. since 2009. His areas of responsibility at ASR Nederland N.V. include Human Resources, Corporate Communications, Strategy, Audit, CSR, Marketing, Business Support, Integrity and Legal. He started his career in 1980 with Stad Rotterdam and served as its Chief Executive Officer since 1999. He joined the Executive Board of Stad Rotterdam Verzekeringen N.V. in 1997. Since June 2003, he served as Chief Executive Officer of De Amersfoortse Verzekeringen. Since 2005, he served as Chairman of the Board of Directors and Chief Executive Officer of Fortis ASR Verzekeringsgroep. He served as Chairman of the Board of De Amersfoortse Verzekeringen since June 2003. Mr. Baeten serves as a Director of Verbond van Verzekeraars and Holland Financial Centre; and VNO-NCW. He is Board Member of the Dutch Association of Insurers and the Holland Financial Centre. He serves as Chairman for the Supervisory Committee of Gemiva-SVG Group, the Rotterdam Theatre Foundation and he sits on the General Administrative Board of the Confederation of Netherlands Industry and Employers VNO-NCW and is a member of the Supervisory Committee of the ROC Midden-Nederland (regional community college). He has been Chairman of the Supervisory Board of Stichting Theater Rotterdam. He has been Board Member of Stichting Grote Ogen and Stichting Fietshelm is Hoofdzaak. Mr. Baeten studied law at Erasmus University Rotterdam.

CEO Compensation
  • Jos P.'s compensation has been consistent with company performance over the past year.
  • Jos P.'s remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the ASR Nederland management team in years:

6.8
Average Tenure
48
Average Age
  • The average tenure for the ASR Nederland management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jos P. Baeten

TITLE
Chairman of the Executive Board & CEO
COMPENSATION
€956K
AGE
60
TENURE
10.3 yrs

H. Figee

TITLE
CFO & Member of Executive Board
COMPENSATION
€627K
AGE
46
TENURE
4.9 yrs

Patrick Klijnsmit

TITLE
Director of Accounting
TENURE
6.8 yrs

Michel Hülters

TITLE
Head of Investor Relations and Ratings

Boudewijn Uden

TITLE
Managing Director of Corporate Communications

Jolanda Sappelli

TITLE
Managing Director of Human Resources

Fleur Rieter

TITLE
Managing Director of Pension Business
AGE
48

Robert Schaaf

TITLE
Managing Director of Non-Life Business

Frank Romijn

TITLE
Managing Director of Occupational Disability Business

Philippe Wits

TITLE
Chief of Digital & Disruption
Board of Directors Tenure

Average tenure and age of the ASR Nederland board of directors in years:

3.3
Average Tenure
63
Average Age
  • The tenure for the ASR Nederland board of directors is about average.
Board of Directors

Kick Van der Pol

TITLE
Chairman of the Supervisory Board
COMPENSATION
€54K
AGE
69
TENURE
10.3 yrs

Cor van den Bos

TITLE
Vice Chairman of the Supervisory Board
COMPENSATION
€44K
AGE
66
TENURE
3.3 yrs

Annet Aris

TITLE
Supervisory Board Member
COMPENSATION
€44K
AGE
60
TENURE
8.3 yrs

Herman Hintzen

TITLE
Supervisory Board Member
COMPENSATION
€44K
AGE
63
TENURE
3.3 yrs

Sonja Barendregt-Roojers

TITLE
Member of Supervisory Board
COMPENSATION
€30K
AGE
61
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess ASR Nederland's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ASR Nederland has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0RHS News

Simply Wall St News

0RHS Company Info

Description

ASR Nederland N.V. provides various insurance and non-insurance products and services to private and business customers in the Netherlands and internationally. It operates through Non-Life, Life, Banking and Asset Management, Distribution and Services, Holding and Other, and Real Estate Development segments. The company offers non-life insurance products, including motor vehicle, fire, travel and leisure, transport, liability, agricultural, construction motorized vehicles, and construction all risk and assistance insurance products; self-employed disability, sickness leave, and group disability insurance products; and health insurance products comprising basic health insurance and supplementary health insurance products. It also provides life insurance products, such as individual life and group pensions, and funeral insurance products. In addition, the company offers bank and deferred annuities, savings accounts, and retail investments; various mortgages; asset management; and real estate investment services. Additionally, it engages in the distribution of insurance contracts and intermediary services; and develops real estate properties. ASR Nederland N.V. offers its products under the a.s.r., De Amersfoortse, Ditzo, Europeesche Verzekeringen, and Ardanta brand names. The company was formerly known as Fortis Verzekeringen Nederland N.V. and changed its name to ASR Nederland N.V. in October 2008. ASR Nederland N.V. is headquartered in Utrecht, the Netherlands.

Details
Name: ASR Nederland N.V.
0RHS
Exchange: LSE
Founded:
€5,627,310,000
141,000,000
Website: http://www.asrnl.com
Address: ASR Nederland N.V.
Archimedeslaan 10,
Utrecht,
Utrecht, 3584 BA,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM ASRNL Ordinary Shares Euronext Amsterdam NL EUR 10. Jun 2016
OTCPK ASRR.F Ordinary Shares Pink Sheets LLC US USD 10. Jun 2016
DB A16 Ordinary Shares Deutsche Boerse AG DE EUR 10. Jun 2016
LSE 0RHS Ordinary Shares London Stock Exchange GB EUR 10. Jun 2016
BATS-CHIXE ASRNLA Ordinary Shares BATS 'Chi-X Europe' GB EUR 10. Jun 2016
DB A1AK9T 10%-FRN GTD SUB PERP EUR1 'REGS' Deutsche Boerse AG DE EUR 20. Aug 2009
Number of employees
Current staff
Staff numbers
4,314
ASR Nederland employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:53
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.