ATSE:EUPIC

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European Reliance General Insurance

Market Cap

€127.7m

Last Updated

2021/08/01 16:21 UTC

Data Sources

Company Financials

Executive Summary

European Reliance General Insurance Company S.A., together with its subsidiaries, provides various insurance products and services to individuals and companies in Greece. More Details


Snowflake Analysis

Undervalued with proven track record and pays a dividend.

Share Price & News

How has European Reliance General Insurance's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EUPIC is less volatile than 75% of Greek stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: EUPIC's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

0%

EUPIC

-0.2%

GR Insurance

2.8%

GR Market


1 Year Return

42.3%

EUPIC

19.5%

GR Insurance

-14.7%

GR Market

Return vs Industry: EUPIC exceeded the Greek Insurance industry which returned 19.5% over the past year.

Return vs Market: EUPIC exceeded the Greek Market which returned -14.7% over the past year.


Shareholder returns

EUPICIndustryMarket
7 Day0%-0.2%2.8%
30 Day-3.8%-0.4%-0.5%
90 Day-9.6%-3.7%-2.8%
1 Year50.8%42.3%26.7%19.5%-13.2%-14.7%
3 Year60.0%37.8%19.2%1.3%-47.3%-49.2%
5 Year254.4%186.3%67.0%28.2%-39.8%-42.9%

Long-Term Price Volatility Vs. Market

How volatile is European Reliance General Insurance's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is European Reliance General Insurance undervalued compared to its fair value and its price relative to the market?

20.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EUPIC (€4.81) is trading below our estimate of fair value (€6.04)

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


Price To Earnings Ratio

PE vs Industry: EUPIC is good value based on its PE Ratio (7x) compared to the European Insurance industry average (13.8x).

PE vs Market: EUPIC is good value based on its PE Ratio (7x) compared to the Greek market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EUPIC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EUPIC is good value based on its PB Ratio (0.8x) compared to the XE Insurance industry average (1x).


Future Growth

How is European Reliance General Insurance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.4%

Forecasted Insurance industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as European Reliance General Insurance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has European Reliance General Insurance performed over the past 5 years?

6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EUPIC has high quality earnings.

Growing Profit Margin: EUPIC's current net profit margins (8.3%) are higher than last year (8%).


Past Earnings Growth Analysis

Earnings Trend: EUPIC's earnings have grown by 6.6% per year over the past 5 years.

Accelerating Growth: EUPIC's earnings growth over the past year (5.8%) is below its 5-year average (6.6% per year).

Earnings vs Industry: EUPIC earnings growth over the past year (5.8%) exceeded the Insurance industry -2.1%.


Return on Equity

High ROE: EUPIC's Return on Equity (12.1%) is considered low.


Financial Health

How is European Reliance General Insurance's financial position?


Financial Position Analysis

Short Term Liabilities: EUPIC's short term assets (€83.1M) do not cover its short term liabilities (€228.7M).

Long Term Liabilities: EUPIC's short term assets (€83.1M) do not cover its long term liabilities (€129.6M).


Debt to Equity History and Analysis

Debt Level: EUPIC's debt to equity ratio (0.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if EUPIC's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: EUPIC's debt is well covered by operating cash flow (9314%).

Interest Coverage: EUPIC's interest payments on its debt are well covered by EBIT (1080.4x coverage).


Balance Sheet


Dividend

What is European Reliance General Insurance current dividend yield, its reliability and sustainability?

6.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EUPIC's dividend (6.03%) is higher than the bottom 25% of dividend payers in the Greek market (1.68%).

High Dividend: EUPIC's dividend (6.03%) is in the top 25% of dividend payers in the Greek market (3.84%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.3%), EUPIC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

7.5yrs

Average management tenure


CEO

Chris Georgakopoulos

no data

Tenure

Mr. Christos Ioannis Georgakopoulos, also known as Chris, is the Chief Executive Officer and a founding member of European Reliance General Insurance Company SA, where he created his own “school of thought...


Leadership Team

Experienced Management: EUPIC's management team is seasoned and experienced (7.5 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

European Reliance General Insurance Company S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: European Reliance General Insurance Company S.A.
  • Ticker: EUPIC
  • Exchange: ATSE
  • Founded: 1977
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: €127.657m
  • Shares outstanding: 26.54m
  • Website: https://www.europaikipisti.gr

Number of Employees


Location

  • European Reliance General Insurance Company S.A.
  • Kifissias Avenue 274
  • Chalandri
  • 152 32
  • Greece

Listings


Biography

European Reliance General Insurance Company S.A., together with its subsidiaries, provides various insurance products and services to individuals and companies in Greece. The company offers pension plans; ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/01 16:21
End of Day Share Price2021/07/30 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.