Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft engages in the insurance and reinsurance businesses worldwide.
No risks detected for MUNICHRE from our risk checks.
Established dividend payer and good value.
Share Price & News
How has Münchener Rückversicherungs-Gesellschaft's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MUNICHRE has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how MUNICHRE performed against the Hungarian Insurance industry.
Return vs Market: Insufficient data to determine how MUNICHRE performed against the Hungarian Market.
Price Volatility Vs. Market
How volatile is Münchener Rückversicherungs-Gesellschaft's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Münchener Rückversicherungs-Gesellschaft undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MUNICHRE (HUF82000) is trading below our estimate of fair value (HUF114159.24)
Significantly Below Fair Value: MUNICHRE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MUNICHRE is poor value based on its PE Ratio (14.5x) compared to the XE Insurance industry average (9.6x).
PE vs Market: MUNICHRE is good value based on its PE Ratio (14.5x) compared to the Hungarian market (15x).
Price to Earnings Growth Ratio
PEG Ratio: MUNICHRE is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: MUNICHRE is overvalued based on its PB Ratio (1.1x) compared to the XE Insurance industry average (1x).
How is Münchener Rückversicherungs-Gesellschaft forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MUNICHRE's forecast earnings growth (18% per year) is above the savings rate (1.6%).
Earnings vs Market: MUNICHRE's earnings (18% per year) are forecast to grow slower than the Hungarian market (18.2% per year).
High Growth Earnings: MUNICHRE's earnings are forecast to grow, but not significantly.
Revenue vs Market: MUNICHRE's revenue (3.2% per year) is forecast to grow slower than the Hungarian market (5.1% per year).
High Growth Revenue: MUNICHRE's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MUNICHRE's Return on Equity is forecast to be low in 3 years time (10.7%).
How has Münchener Rückversicherungs-Gesellschaft performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MUNICHRE has high quality earnings.
Growing Profit Margin: MUNICHRE's current net profit margins (4.1%) are higher than last year (4%).
Past Earnings Growth Analysis
Earnings Trend: MUNICHRE's earnings have declined by -8.8% per year over the past 5 years.
Accelerating Growth: MUNICHRE's earnings growth over the past year (9.2%) exceeds its 5-year average (-8.8% per year).
Earnings vs Industry: MUNICHRE earnings growth over the past year (9.2%) underperformed the Insurance industry 10%.
Return on Equity
High ROE: MUNICHRE's Return on Equity (7.9%) is considered low.
How is Münchener Rückversicherungs-Gesellschaft's financial position?
Financial Position Analysis
Short Term Liabilities: MUNICHRE's short term assets (€38.9B) do not cover its short term liabilities (€85.5B).
Long Term Liabilities: MUNICHRE's short term assets (€38.9B) do not cover its long term liabilities (€178.0B).
Debt to Equity History and Analysis
Debt Level: MUNICHRE's debt to equity ratio (13%) is considered satisfactory.
Reducing Debt: MUNICHRE's debt to equity ratio has reduced from 13.8% to 13% over the past 5 years.
Debt Coverage: MUNICHRE's debt is well covered by operating cash flow (250.1%).
Interest Coverage: MUNICHRE's interest payments on its debt are well covered by EBIT (10.1x coverage).
What is Münchener Rückversicherungs-Gesellschaft current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MUNICHRE's dividend (4.17%) is higher than the bottom 25% of dividend payers in the Hungarian market (2.43%).
High Dividend: MUNICHRE's dividend (4.17%) is low compared to the top 25% of dividend payers in the Hungarian market (7.42%).
Stability and Growth of Payments
Stable Dividend: MUNICHRE's dividends per share have been stable in the past 10 years.
Growing Dividend: MUNICHRE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.4%), MUNICHRE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MUNICHRE's dividends in 3 years are forecast to be covered by earnings (50.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joachim Wenning (55yo)
Dr. Joachim Wenning joined Münchener Rückversicherungs-Gesellschaft AG (“Munich Re”) in 1991, where he worked until early 1997 as a treaty specialist with technical responsibility for life reinsurance clie ...
CEO Compensation Analysis
Compensation vs Market: Joachim's total compensation ($USD6.41M) is above average for companies of similar size in the Hungarian market ($USD4.05M).
Compensation vs Earnings: Joachim's compensation has been consistent with company performance over the past year.
|Chairman of the Management Board||3.25yrs||€5.63m||0.0084% €966.1m|
|CFO & Member Management Board||1.5yrs||€3.29m||0.0026% €298.9m|
|Member of the Board of Management & CEO of Reinsurance Business||16.75yrs||€3.99m||0.0029% €329.0m|
|Member of the Board of Management||14.75yrs||€2.75m||0.0032% €374.0m|
|Head of GC/NA Division & Member of the Board of Management||12.75yrs||€2.73m||0.0039% €453.6m|
|Labour Relations Director & Member of the Board of Management||6.17yrs||€2.73m||0.0027% €315.1m|
|Member of the Board of Management||4.83yrs||€4.01m||0.0024% €275.9m|
|Chief Investment Officer & Member of Management Board||1.33yrs||€2.36m||no data|
|Head of the Operation||no data||no data||no data|
|Member of Management Board||0.17yr||no data||no data|
|Head of Investor & Rating Agency Relations||no data||no data||no data|
|Head of Group Communications||no data||no data||no data|
Experienced Management: MUNICHRE's management team is considered experienced (4.8 years average tenure).
|Honorary Chairman of the Supervisory Board||7.5yrs||no data||no data|
|Independent Supervisory Board Member||7.5yrs||€222.50k||no data|
|Independent Supervisory Board Member||11.25yrs||€106.00k||no data|
|Independent Supervisory Board Member||4.25yrs||€106.00k||no data|
|Independent Chairman of the Supervisory Board||1.25yrs||€282.75k||no data|
|Independent Supervisory Board Member||3yrs||€192.50k||no data|
|Independent Supervisory Board Member||6.25yrs||€121.00k||no data|
|Independent Supervisory Board Member||10.42yrs||€106.00k||no data|
|Independent Supervisory Board Member||6.25yrs||€151.25k||no data|
|Independent Supervisory Board Member||6.25yrs||€106.00k||no data|
|Independent Deputy Chairman of Supervisory Board||1.25yrs||€175.08k||no data|
|Independent Supervisory Board Member||6.25yrs||€106.00k||no data|
Experienced Board: MUNICHRE's board of directors are considered experienced (6.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft's company bio, employee growth, exchange listings and data sources
- Name: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft
- Ticker: MUNICHRE
- Exchange: BUSE
- Founded: 1880
- Industry: Reinsurance
- Sector: Insurance
- Market Cap: €32.447b
- Listing Market Cap: €11.542t
- Shares outstanding: 140.10m
- Website: https://www.munichre.com
Number of Employees
- Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft
- Königinstrasse 107
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MURG.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||Jan 1992|
|MUV2||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Jan 1992|
|0KFE||LSE (London Stock Exchange)||Yes||Registered Shares||GB||EUR||Jan 1992|
|MUV2||BIT (Borsa Italiana)||Yes||Registered Shares||IT||EUR||Jan 1992|
|MUV2||XTRA (XETRA Trading Platform)||Yes||Registered Shares||DE||EUR||Jan 1992|
|MUV2D||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Registered Shares||GB||EUR||Jan 1992|
|MUV||WBAG (Wiener Boerse AG)||Yes||Registered Shares||AT||EUR||Jan 1992|
|MUV2 N||BMV (Bolsa Mexicana de Valores)||Yes||Registered Shares||MX||MXN||Jan 1992|
|MUV2||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||EUR||Jan 1992|
|MUV2||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||Jan 1992|
|MEURV||ENXTBR (Euronext Brussels)||Yes||Registered Shares||BE||EUR||Jan 1992|
|MUNICHRE||BUSE (Budapest Stock Exchange)||Yes||Registered Shares||HU||HUF||Jan 1992|
|MURG.Y||OTCPK (Pink Sheets LLC)||UNSP ADR EACH REPR 0.10 ORD||US||USD||Oct 2008|
|MUVB||DB (Deutsche Boerse AG)||UNSP ADR EACH REPR 0.10 ORD||DE||EUR||Oct 2008|
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft engages in the insurance and reinsurance businesses worldwide. It operates through five segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life and Health Germany; ERGO Property-Casualty Germany; and ERGO International. The company offers non-life reinsurance products for cyber risks, natural catastrophes, natural hazards assessment network risks, aviation, space and satellite, and agriculture and weather risk transfer. It also provides life reinsurance products related to capital management, data analysis, product development, digital underwriting, medical risk, and health reinsurance products, as well as risk insurance solutions for industrial firms and corporate clients. In addition, the company offers primary insurance products, including direct, life, property-casualty, health, legal expense, and travel insurance products under the ERGO brand name. It offers its insurance products to private, commercial, and industrial customers through various sales channels. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft was founded in 1880 and is based in Munich, Germany.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/14 21:25|
|End of Day Share Price||2020/06/30 00:00|
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.