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AGN

AegonENXTAM:AGN Stock Report

Last Price

€5.02

Market Cap

€10.2b

7D

3.1%

1Y

36.9%

Updated

17 Jan, 2022

Data

Company Financials +
AGN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends3/6

AGN Stock Overview

Aegon N.V. provides a range of financial services in the Americas, Europe, and Asia.

Aegon Competitors

NN Group

ENXTAM:NN

€15.9b

JPMorgan Chase

NYSE:JPM

US$464.8b

Wells Fargo

NYSE:WFC

US$225.6b

Ping An Insurance (Group) Company of China

SEHK:2318

HK$1.1t

Price History & Performance

Summary of all time highs, changes and price drops for Aegon
Historical stock prices
Current Share Price€5.02
52 Week High€5.12
52 Week Low€3.32
Beta1.59
1 Month Change21.32%
3 Month Change12.33%
1 Year Change36.93%
3 Year Change10.23%
5 Year Change1.62%
Change since IPO-5.08%

Recent News & Updates

Aug 15
Aegon's (AMS:AGN) Upcoming Dividend Will Be Larger Than Last Year's

Aegon's (AMS:AGN) Upcoming Dividend Will Be Larger Than Last Year's

Aegon N.V.'s ( AMS:AGN ) dividend will be increasing to €0.08 on 17th of September. This makes the dividend yield about...

Shareholder Returns

AGNNL InsuranceNL Market
7D3.1%1.5%0.4%
1Y36.9%15.0%15.8%

Return vs Industry: AGN exceeded the Dutch Insurance industry which returned 15% over the past year.

Return vs Market: AGN exceeded the Dutch Market which returned 15.8% over the past year.

Price Volatility

Is AGN's price volatile compared to industry and market?
AGN volatility
AGN Average Weekly Movement4.4%
Insurance Industry Average Movement3.0%
Market Average Movement4.4%
10% most volatile stocks in NL Market7.2%
10% least volatile stocks in NL Market2.6%

Stable Share Price: AGN is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AGN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198322,000Lard Friesehttps://www.aegon.com

Aegon N.V. provides a range of financial services in the Americas, Europe, and Asia. Its insurance products include life, accident, and health insurance; property and casualty insurance; and household and car insurance, as well as pension products. The company also offers savings products, such as retirement plan services; annuities; mutual funds; and stable value solutions.

Aegon Fundamentals Summary

How do Aegon's earnings and revenue compare to its market cap?
AGN fundamental statistics
Market Cap€10.17b
Earnings (TTM)€1.18b
Revenue (TTM)€58.04b

8.6x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AGN income statement (TTM)
Revenue€58.04b
Cost of Revenue€53.14b
Gross Profit€4.90b
Expenses€3.72b
Earnings€1.18b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 09, 2022

Earnings per share (EPS)0.59
Gross Margin8.45%
Net Profit Margin2.03%
Debt/Equity Ratio45.0%

How did AGN perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

24%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AGN (€5.02) is trading below our estimate of fair value (€13.31)

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


Price To Earnings Ratio

PE vs Industry: AGN is good value based on its PE Ratio (8.6x) compared to the European Insurance industry average (12.6x).

PE vs Market: AGN is good value based on its PE Ratio (8.6x) compared to the Dutch market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: AGN is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: AGN is good value based on its PB Ratio (0.4x) compared to the XE Insurance industry average (1.2x).


Future Growth

How is Aegon forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

4.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGN's forecast earnings growth (4.6% per year) is above the savings rate (0.09%).

Earnings vs Market: AGN's earnings (4.6% per year) are forecast to grow faster than the Dutch market (3.5% per year).

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

Revenue vs Market: AGN's revenue is expected to decline over the next 3 years (-6.4% per year).

High Growth Revenue: AGN's revenue is forecast to decline over the next 3 years (-6.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AGN's Return on Equity is forecast to be low in 3 years time (5.9%).


Past Performance

How has Aegon performed over the past 5 years?

-10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGN has a high level of non-cash earnings.

Growing Profit Margin: AGN's current net profit margins (2%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: AGN has become profitable over the past 5 years, growing earnings by -10.1% per year.

Accelerating Growth: AGN's earnings growth over the past year (469.1%) exceeds its 5-year average (-10.1% per year).

Earnings vs Industry: AGN earnings growth over the past year (469.1%) exceeded the Insurance industry 20%.


Return on Equity

High ROE: AGN's Return on Equity (4.8%) is considered low.


Financial Health

How is Aegon's financial position?


Financial Position Analysis

Short Term Liabilities: AGN's short term assets (€50.6B) exceed its short term liabilities (€30.1B).

Long Term Liabilities: AGN's short term assets (€50.6B) do not cover its long term liabilities (€433.6B).


Debt to Equity History and Analysis

Debt Level: AGN has more cash than its total debt.

Reducing Debt: AGN's debt to equity ratio has reduced from 55.4% to 45% over the past 5 years.

Debt Coverage: AGN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: AGN's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Dividend

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

3.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AGN's dividend (3.19%) is higher than the bottom 25% of dividend payers in the Dutch market (1.55%).

High Dividend: AGN's dividend (3.19%) is low compared to the top 25% of dividend payers in the Dutch market (4.19%).


Stability and Growth of Payments

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

Growing Dividend: AGN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.5%), AGN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AGN's dividends in 3 years are forecast to be well covered by earnings (32.5% payout ratio).


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Lard Friese (59 yo)

1.67yrs

Tenure

€1,545,000

Compensation

Mr. E. Friese also known as Lard, serves as Chief Executive Officer and Chairman of the Executive Board at AEGON N.V since May 15, 2020. Mr. Friese served as Chair of the management and Chief Executive Off...


CEO Compensation Analysis

Compensation vs Market: Lard's total compensation ($USD1.76M) is below average for companies of similar size in the Dutch market ($USD3.01M).

Compensation vs Earnings: Insufficient data to compare Lard's compensation with company performance.


Leadership Team

Experienced Management: AGN's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: AGN's board of directors are considered experienced (4.7 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

Aegon N.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: Aegon N.V.
  • Ticker: AGN
  • Exchange: ENXTAM
  • Founded: 1983
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Implied Market Cap: €10.170b
  • Shares outstanding: 2.01b
  • Website: https://www.aegon.com

Number of Employees


Location

  • Aegon N.V.
  • Aegonplein 50
  • The Hague
  • Zuid-Holland
  • 2591 TV
  • Netherlands

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 19:06
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
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.