BUSE:CIGPANNONIA

Stock Analysis Report

CIG Pannónia Életbiztosító Nyrt

Executive Summary

CIG Pannónia Életbiztosító Nyrt., together with its subsidiaries, provides life and non-life insurance products in Hungary, Slovakia, Romania, Poland, Lithuania, Spain, and Italy.

Snowflake

Fundamentals

Limited growth and overvalued.

Share Price & News

How has CIG Pannónia Életbiztosító Nyrt's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-8.2%

CIGPANNONIA

1.0%

HU Insurance

0.7%

HU Market


1 Year Return

-43.0%

CIGPANNONIA

11.2%

HU Insurance

10.4%

HU Market

Return vs Industry: CIGPANNONIA underperformed the Hungarian Insurance industry which returned 11.2% over the past year.

Return vs Market: CIGPANNONIA underperformed the Hungarian Market which returned 10.4% over the past year.


Shareholder returns

CIGPANNONIAIndustryMarket
7 Day-8.2%1.0%0.7%
30 Day-21.5%2.1%-0.04%
90 Day-31.4%-0.3%-1.5%
1 Year-43.0%-43.0%17.0%11.2%13.5%10.4%
3 Year35.0%32.1%48.0%27.6%50.9%38.5%
5 Year12.2%9.8%67.7%30.1%159.6%127.1%

Price Volatility Vs. Market

How volatile is CIG Pannónia Életbiztosító Nyrt's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CIG Pannónia Életbiztosító Nyrt undervalued compared to its fair value and its price relative to the market?

28.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: CIGPANNONIA (HUF247) is trading below our estimate of fair value (HUF347.24)

Significantly Undervalued: CIGPANNONIA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CIGPANNONIA is poor value based on its PE Ratio (79.5x) compared to the Insurance industry average (12.8x).

PE vs Market: CIGPANNONIA is poor value based on its PE Ratio (79.5x) compared to the Hungarian market (14.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CIGPANNONIA is overvalued based on its PB Ratio (1.3x) compared to the XE Insurance industry average (1.3x).


Next Steps

Future Growth

How is CIG Pannónia Életbiztosító Nyrt forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

12.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CIGPANNONIA's forecast earnings growth (12.7% per year) is above the savings rate (3%).

Earnings vs Market: CIGPANNONIA's earnings (12.7% per year) are forecast to grow faster than the Hungarian market (6.5% per year).

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

Revenue vs Market: CIGPANNONIA's revenue (2.3% per year) is forecast to grow slower than the Hungarian market (4.8% per year).

High Growth Revenue: CIGPANNONIA's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if CIGPANNONIA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has CIG Pannónia Életbiztosító Nyrt performed over the past 5 years?

35.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CIGPANNONIA's earnings have grown significantly by 35.9% per year over the past 5 years.

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

Earnings vs Industry: CIGPANNONIA had negative earnings growth (-83.3%) over the past year, making it difficult to compare to the Insurance industry average (9.1%).


Return on Equity

High ROE: CIGPANNONIA's Return on Equity (1.6%) is considered low.


Return on Assets

ROA vs Industry: CIGPANNONIA's Return on Assets is below or equal to the Insurance industry average last year.


Return on Capital Employed

ROCE Improving: CIGPANNONIA's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is CIG Pannónia Életbiztosító Nyrt's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CIGPANNONIA has a low level of unsold assets or inventory.

Debt Coverage by Assets: CIGPANNONIA's debt is covered by short term assets (assets are 14.181280x debt).


Financial Institutions Analysis

Asset Level: CIGPANNONIA's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if CIGPANNONIA has a sufficient allowance for bad loans.

Low Risk Liabilities: CIGPANNONIA reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if CIGPANNONIA has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CIGPANNONIA has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if CIGPANNONIA has an appropriate level of bad loans.


Next Steps

Dividend

What is CIG Pannónia Életbiztosító Nyrt's current dividend yield, its reliability and sustainability?

10.12%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%5.6%industryaverage4.8%forecastin3Years10.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate CIGPANNONIA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CIGPANNONIA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if CIGPANNONIA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CIGPANNONIA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CIGPANNONIA is not paying a notable dividend for the Hungarian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CIGPANNONIA's dividend in 3 years as they are not forecast to pay a notable one for the Hungarian market.


Next Steps

Management

What is the CEO of CIG Pannónia Életbiztosító Nyrt's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Gabriella Kádár (53yo)

6.8yrs

Tenure

0

Dr. Gabriella Kadar has been the Chief Executive Officer of CIG Pannónia Életbiztosító Nyrt (alternate name-CIG Pannonia Life Insurance Plc) since January 06, 2013. Dr. Kadar served as Deputy Chief Executi ...


Management Age and Tenure

2.0yrs

Average Tenure

Experienced Management: CIGPANNONIA's management team is considered experienced (2 years average tenure).


Board Age and Tenure

5.6yrs

Average Tenure

62yo

Average Age

Experienced Board: CIGPANNONIA's board of directors are considered experienced (5.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Istvan Komoroczki

    Co-Founder

    • Tenure: 0yrs
  • Edvi Tibor

    Chief Actuary

    • Tenure: 3.3yrs
  • Gabriella Kádár (53yo)

    GM, CEO & Director

    • Tenure: 6.8yrs
  • Miklós Barta (39yo)

    General Deputy CEO & Director

    • Tenure: 7.2yrs
  • Linda Sallai

    Deputy Product Development & Risk-Taking Executive Officer

    • Tenure: 0yrs
  • Antal Csevár

    Chief Legal Counsel & Data Protection Officer

    • Tenure: 0yrs
  • Pál Búzás

    Chief Risk Officer

    • Tenure: 0yrs
  • Erika Marczi

    Head of Internal Audit

    • Tenure: 0yrs
  • Jónásné Szigeti

    Chief Compliance Officer

    • Tenure: 0.08yrs

Board Members

  • Gabriella Kádár (53yo)

    GM, CEO & Director

    • Tenure: 6.8yrs
  • Gergely Horváth (58yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: Ft1.20m
  • Miklós Barta (39yo)

    General Deputy CEO & Director

    • Tenure: 7.2yrs
  • József Bayer (68yo)

    Supervisory Board Chairman

    • Tenure: 4.5yrs
  • Imre Fekete (75yo)

    Supervisory Board Member

    • Tenure: 7.5yrs
    • Compensation: Ft2.50m
  • Péter Bogdánffy

    Director

    • Tenure: 0.4yrs
    • Compensation: Ft1.00m
  • Mária Király (66yo)

    Chairman of the Board

    • Tenure: 5.8yrs
    • Compensation: Ft300.00k
  • István Papp (68yo)

    Supervisory Board Member

    • Tenure: 5.4yrs
    • Compensation: Ft800.00k
  • Erzsébet Czakó (55yo)

    Supervisory Board Member

    • Tenure: 4.3yrs
  • Fedák István

    Director

    • Tenure: 0.4yrs

Company Information

CIG Pannónia Életbiztosító Nyrt's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CIG Pannónia Életbiztosító Nyrt
  • Ticker: CIGPANNONIA
  • Exchange: BUSE
  • Founded: 2007
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: Ft23.324b
  • Shares outstanding: 94.43m
  • Website: https://www.cigpannonia.hu

Number of Employees


Location

  • CIG Pannónia Életbiztosító Nyrt
  • Pf. 177
  • Budapest
  • 1300
  • Hungary

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CIGPANNONIABUSE (Budapest Stock Exchange)YesSeries A SharesHUHUFNov 2010
0CKADB (Deutsche Boerse AG)YesSeries A SharesDEEURNov 2010

Biography

CIG Pannónia Életbiztosító Nyrt., together with its subsidiaries, provides life and non-life insurance products in Hungary, Slovakia, Romania, Poland, Lithuania, Spain, and Italy. Its life insurance produc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:08
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.