ageas SA/NV

BIT:1AGS Stock Report

Market Cap: €8.5b

ageas Valuation

Is 1AGS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1AGS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1AGS (€46.32) is trading below our estimate of fair value (€123.83)

Significantly Below Fair Value: 1AGS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1AGS?

Key metric: As 1AGS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1AGS. This is calculated by dividing 1AGS's market cap by their current earnings.
What is 1AGS's PE Ratio?
PE Ratio8x
Earnings€1.06b
Market Cap€8.51b

Price to Earnings Ratio vs Peers

How does 1AGS's PE Ratio compare to its peers?

The above table shows the PE ratio for 1AGS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.2x
UNI Unipol Gruppo
7.1x6.5%€8.5b
G Assicurazioni Generali
11.9x8.6%€41.8b
PST Poste Italiane
8.9x4.0%€17.7b
BALN Baloise Holding
28.9x16.3%CHF 7.3b
1AGS ageas
8x6.9%€8.5b

Price-To-Earnings vs Peers: 1AGS is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (14.2x).

Price to Earnings Ratio vs Industry

How does 1AGS's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
1AGS 8.0xIndustry Avg. 11.8xNo. of Companies13PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1AGS is good value based on its Price-To-Earnings Ratio (8x) compared to the European Insurance industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is 1AGS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1AGS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8x
Fair PE Ratio9.8x

Price-To-Earnings vs Fair Ratio: 1AGS is good value based on its Price-To-Earnings Ratio (8x) compared to the estimated Fair Price-To-Earnings Ratio (9.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1AGS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€46.32
€53.73
+16.0%
9.8%€65.00€48.50n/a12
Dec ’25€47.66
€52.82
+10.8%
7.6%€62.30€48.50n/a12
Nov ’25€48.24
€51.42
+6.6%
10.5%€63.50€42.00n/a12
Oct ’25€47.80
€50.87
+6.4%
10.4%€63.50€42.00n/a12
Sep ’25€46.32
€49.78
+7.5%
11.1%€63.50€41.00n/a12
Aug ’25€42.66
€48.66
+14.1%
12.7%€63.50€40.00n/a12
Jul ’25€43.06
€48.20
+11.9%
14.2%€63.50€37.00n/a12
Jun ’25€45.90
€48.12
+4.8%
14.8%€64.50€37.00n/a12
May ’25€43.14
€47.72
+10.6%
15.3%€64.50€37.00n/a11
Apr ’25€42.94
€48.49
+12.9%
14.9%€64.50€37.00n/a10
Mar ’25€38.88
€48.93
+25.9%
14.9%€64.50€37.00n/a9
Feb ’25€39.25
€47.44
+20.9%
14.1%€64.50€37.00n/a14
Jan ’25€39.36
€47.51
+20.7%
13.7%€64.50€37.00n/a14
Dec ’24€39.65
€45.76
+15.4%
11.5%€54.90€37.00€47.6614
Nov ’24€36.12
€45.47
+25.9%
12.0%€54.90€35.50€48.2414
Oct ’24€39.05
€45.58
+16.7%
11.6%€54.90€37.00€47.8014
Sep ’24€37.13
€45.44
+22.4%
12.1%€54.90€37.00€46.3214
Aug ’24€38.47
€45.45
+18.2%
11.2%€54.90€36.50€42.6613
Jul ’24€37.35
€45.13
+20.8%
10.8%€54.90€36.50€43.0615
Jun ’24€37.51
€45.42
+21.1%
10.8%€54.90€36.50€45.9014
May ’24€39.78
€44.92
+12.9%
10.6%€54.90€36.50€43.1414
Apr ’24€39.99
€44.92
+12.3%
10.6%€54.90€36.50€42.9414
Mar ’24€42.90
€45.03
+5.0%
10.2%€54.90€36.50€38.8814
Feb ’24€44.40
€44.95
+1.2%
9.1%€52.30€36.50€39.2514
Jan ’24€41.39
€42.56
+2.8%
11.8%€50.50€34.00€39.3614
Dec ’23€38.96
€43.84
+12.5%
14.0%€57.00€34.00€39.6514

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 10:58
End of Day Share Price 2024/12/18 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ageas SA/NV is covered by 35 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Cor KluisABN AMRO Bank N.V.
Pierre-Yves GauthierAlphaValue
Alessia MagniBarclays