BUSE:ALLIANZ

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide.


Snowflake Analysis

Established dividend payer and good value.


Similar Companies

Share Price & News

How has Allianz's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ALLIANZ has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.7%

ALLIANZ

-1.1%

HU Insurance

-2.8%

HU Market


1 Year Return

n/a

ALLIANZ

-18.3%

HU Insurance

-15.6%

HU Market

Return vs Industry: Insufficient data to determine how ALLIANZ performed against the Hungarian Insurance industry.

Return vs Market: Insufficient data to determine how ALLIANZ performed against the Hungarian Market.


Shareholder returns

ALLIANZIndustryMarket
7 Day2.7%-1.1%-2.8%
30 Day4.6%2.8%-5.3%
90 Day10.8%9.8%5.1%
1 Yearn/a-13.6%-18.3%-15.2%-15.6%
3 Yearn/a1.7%-12.7%2.4%-3.8%
5 Yearn/a18.3%-8.3%67.2%49.0%

Price Volatility Vs. Market

How volatile is Allianz's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

38.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALLIANZ (HUF65380) is trading below our estimate of fair value (HUF106981.25)

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


Price To Earnings Ratio

PE vs Industry: ALLIANZ is poor value based on its PE Ratio (10.6x) compared to the XE Insurance industry average (9.6x).

PE vs Market: ALLIANZ is good value based on its PE Ratio (10.6x) compared to the Hungarian market (15x).


Price to Earnings Growth Ratio

PEG Ratio: ALLIANZ is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: ALLIANZ is overvalued based on its PB Ratio (1.1x) compared to the XE Insurance industry average (1x).


Next Steps

Future Growth

How is Allianz forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

11.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALLIANZ's forecast earnings growth (11.8% per year) is above the savings rate (1.6%).

Earnings vs Market: ALLIANZ's earnings (11.8% per year) are forecast to grow slower than the Hungarian market (18.2% per year).

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

Revenue vs Market: ALLIANZ's revenue (6.5% per year) is forecast to grow faster than the Hungarian market (5.1% per year).

High Growth Revenue: ALLIANZ's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALLIANZ's Return on Equity is forecast to be low in 3 years time (11.9%).


Next Steps

Past Performance

How has Allianz performed over the past 5 years?

3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALLIANZ has high quality earnings.

Growing Profit Margin: ALLIANZ's current net profit margins (6.8%) are lower than last year (7.2%).


Past Earnings Growth Analysis

Earnings Trend: ALLIANZ's earnings have grown by 3.8% per year over the past 5 years.

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

Earnings vs Industry: ALLIANZ had negative earnings growth (-2%) over the past year, making it difficult to compare to the Insurance industry average (10%).


Return on Equity

High ROE: ALLIANZ's Return on Equity (10.7%) is considered low.


Next Steps

Financial Health

How is Allianz's financial position?


Financial Position Analysis

Short Term Liabilities: ALLIANZ's short term assets (€62.0B) exceed its short term liabilities (€48.8B).

Long Term Liabilities: ALLIANZ's short term assets (€62.0B) do not cover its long term liabilities (€869.2B).


Debt to Equity History and Analysis

Debt Level: ALLIANZ's debt to equity ratio (51.9%) is considered high.

Reducing Debt: ALLIANZ's debt to equity ratio has increased from 45.5% to 51.9% over the past 5 years.

Debt Coverage: ALLIANZ's debt is well covered by operating cash flow (96.9%).

Interest Coverage: ALLIANZ's interest payments on its debt are well covered by EBIT (10.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Allianz current dividend yield, its reliability and sustainability?

5.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ALLIANZ's dividend (5.14%) is higher than the bottom 25% of dividend payers in the Hungarian market (2.43%).

High Dividend: ALLIANZ's dividend (5.14%) is low compared to the top 25% of dividend payers in the Hungarian market (7.42%).


Stability and Growth of Payments

Stable Dividend: ALLIANZ's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.4%), ALLIANZ's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ALLIANZ's dividends in 3 years are forecast to be covered by earnings (50.4% payout ratio).


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Oliver Bäte (55yo)

5.17yrs

Tenure

Mr. Oliver Bäte has been Chief Executive Officer and Chairman of the Management Board at Allianz Group and Allianz SE since May 7, 2015. Mr. Bäte is a Member of Supervisory Board at Allianz Deutschland AG. ...


CEO Compensation Analysis

Compensation vs Market: Oliver's total compensation ($USD0.00) is below average for companies of similar size in the Hungarian market ($USD4.05M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Oliver Bäte
Chairman of the Board of Management & CEO5.17yrsno data0.0014% 378.1m
Giulio Terzariol
CFO & Member of the Board of Management2.5yrsno data0.00040% 108.0m
Christof Mascher
COO & Member of the Board of Management10.83yrsno data0.00040% 108.0m
Sergio Balbinot
Member of the Board of Management5.5yrsno data0.00040% 108.0m
Niran Peiris
Member of the Board of Management2.5yrsno data0.00040% 108.0m
Jacqueline Hunt
Member of the Board of Management4yrsno data0.00040% 108.0m
Günther Thallinger
Member of the Board of Management3.5yrsno data0.00040% 108.0m
Klaus-Peter Röhler
Member of Board of Management0.50yrno datano data
Iván de la Sota
Chief Business Transformation Officer & Member of the Board of Management2.25yrsno data0.00040% 108.0m
Renate Wagner
Member of the Board of Management0.50yrno datano data
Oliver Schmidt
Head of Investor Relationsno datano datano data
Kamesh Goyal
Head of H8 - Asset Management & US Life Insurance8.5yrsno datano data

3.5yrs

Average Tenure

55.5yo

Average Age

Experienced Management: ALLIANZ's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wolfgang Ischinger
Head of Group Governmental Relations & Public Policy and Member of Joint Advisory Council5.5yrsno datano data
Michael Diekmann
Chairman of Supervisory Board3.17yrsno datano data
Norbert Reithofer
Member of Joint Advisory Council13.5yrsno datano data
Gianfelice Mario Rocca
Member of International Advisory Board14.5yrsno datano data
Herbert Hainer
Member of the Supervisory Board3.17yrsno datano data
Anthoni Salim
Member of International Advisory Boardno datano datano data
Rüdiger Grube
Member of Joint Advisory Council10.5yrsno datano data
Jim Snabe
Vice Chairman of Supervisory Board3.17yrsno datano data
Nicola Leibinger-Kammüller
Member of Joint Advisory Councilno datano datano data
Godfrey Hayward
Member of the Supervisory Board3.17yrsno datano data
Friedrich Eichiner
Member of the Supervisory Board4.17yrsno datano data
Gabriele Burkhardt-Berg
Vice Chairwoman of Supervisory Board1.83yrsno datano data

3.7yrs

Average Tenure

65yo

Average Age

Experienced Board: ALLIANZ's board of directors are considered experienced (3.7 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

Allianz SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Allianz SE
  • Ticker: ALLIANZ
  • Exchange: BUSE
  • Founded: 1890
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €76.222b
  • Listing Market Cap: €27.004t
  • Shares outstanding: 411.70m
  • Website: https://www.allianz.com

Number of Employees


Location

  • Allianz SE
  • Königinstrasse 28
  • Munich
  • Bavaria
  • 80802
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALIZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
0M6SLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
ALVDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
ALVBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
ALVXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
ALVDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
ALV NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992
ALVWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
ALLIANZBUSE (Budapest Stock Exchange)YesOrdinary SharesHUHUFJan 1992
ALVEBST (Boerse-Stuttgart)UNSPONSRD ADSDEEURJan 2020
ALIZ.YOTCPK (Pink Sheets LLC)UNSPONSRD ADSUSUSDJan 2020
ALVEDB (Deutsche Boerse AG)UNSPONSRD ADSDEEURJan 2020

Biography

Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company’s Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel insurance products to private and corporate customers. Its Life/Health segment provides a range of life and health insurance products on an individual and a group basis, such as annuities, endowment and term insurance, and unit-linked and investment-oriented products, as well as private health, supplemental health, and long-term care insurance products. The company’s Asset Management segment offers institutional and retail asset management products and services to third-party investors comprising equity and fixed income funds, as well as multi-assets and alternative products; and investment management services. Its Corporate and Other segment provides banking services for retail clients; and alternative investment management services in the real estate sector, as well as digital investment management services. Allianz SE was founded in 1890 and is headquartered in Munich, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 21:30
End of Day Share Price2020/07/14 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.