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Aegon

ENXTAM:AGN
Snowflake Description

Undervalued with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AGN
ENXTAM
€10B
Market Cap
  1. Home
  2. NL
  3. Insurance
Company description

Aegon N.V. provides insurance, pensions, and asset management services worldwide. The last earnings update was 26 days ago. More info.


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AGN Share Price and Events
7 Day Returns
5.7%
ENXTAM:AGN
2.4%
Europe Insurance
0.6%
NL Market
1 Year Returns
-21.3%
ENXTAM:AGN
3.1%
Europe Insurance
2.5%
NL Market
AGN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aegon (AGN) 5.7% -0.8% 6% -21.3% -10.7% -27.4%
Europe Insurance 2.4% 2.6% 11.2% 3.1% 21.9% 28.6%
NL Market 0.6% 2.6% 12.5% 2.5% 22.9% 30.9%
1 Year Return vs Industry and Market
  • AGN underperformed the Insurance industry which returned 3.1% over the past year.
  • AGN underperformed the Market in Netherlands which returned 2.5% over the past year.
Price Volatility
AGN
Industry
5yr Volatility vs Market

AGN Value

 Is Aegon undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Aegon to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Aegon.

ENXTAM:AGN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity
= €10.34 * 7.8%
€0.80
Book Value of Equity per Share Weighted future Book Value estimates from 10 analysts. €10.34
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year NL Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTAM:AGN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NL Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.726 (1 + (1- 25%) (171.68%))
1.443
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.44
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.37% + (1.443 * 5.96%)
8.97%

Discounted Cash Flow Calculation for ENXTAM:AGN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Aegon is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ENXTAM:AGN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.8% – 8.97%) * €10.34)
€-0.12
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.12 / (8.97% - 0.37%)
€-1.44
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €10.34 + €-1.44
€8.9
ENXTAM:AGN Discount to Share Price
Calculation Result
Value per share (EUR) From above. €8.90
Current discount Discount to share price of €4.69
= -1 x (€4.69 - €8.90) / €8.90
47.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Aegon is available for.
Intrinsic value
47%
Share price is €4.69 vs Future cash flow value of €8.9
Current Discount Checks
For Aegon to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Aegon's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Aegon's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aegon's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aegon's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTAM:AGN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.29
ENXTAM:AGN Share Price ** ENXTAM (2019-04-17) in EUR €4.69
Europe Insurance Industry PE Ratio Median Figure of 65 Publicly-Listed Insurance Companies 13.91x
Netherlands Market PE Ratio Median Figure of 81 Publicly-Listed Companies 18.04x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aegon.

ENXTAM:AGN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:AGN Share Price ÷ EPS (both in EUR)

= 4.69 ÷ 0.29

16.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aegon is overvalued based on earnings compared to the Europe Insurance industry average.
  • Aegon is good value based on earnings compared to the Netherlands market.
Price based on expected Growth
Does Aegon's expected growth come at a high price?
Raw Data
ENXTAM:AGN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
21.7%per year
Europe Insurance Industry PEG Ratio Median Figure of 53 Publicly-Listed Insurance Companies 1.78x
Netherlands Market PEG Ratio Median Figure of 66 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

ENXTAM:AGN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.09x ÷ 21.7%

0.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aegon is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Aegon's assets?
Raw Data
ENXTAM:AGN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €11.01
ENXTAM:AGN Share Price * ENXTAM (2019-04-17) in EUR €4.69
Europe Insurance Industry PB Ratio Median Figure of 73 Publicly-Listed Insurance Companies 1.39x
Netherlands Market PB Ratio Median Figure of 104 Publicly-Listed Companies 2.01x
ENXTAM:AGN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:AGN Share Price ÷ Book Value per Share (both in EUR)

= 4.69 ÷ 11.01

0.43x

* Primary Listing of Aegon.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aegon is good value based on assets compared to the Europe Insurance industry average.
X
Value checks
We assess Aegon's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Aegon has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AGN Future Performance

 How is Aegon expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aegon expected to grow at an attractive rate?
  • Aegon's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Aegon's earnings growth is expected to exceed the Netherlands market average.
  • Aegon's revenue growth is expected to exceed the Netherlands market average.
Annual Growth Rates Comparison
Raw Data
ENXTAM:AGN Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTAM:AGN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 21.7%
ENXTAM:AGN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 10.2%
Europe Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.7%
Europe Insurance Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Netherlands Market Earnings Growth Rate Market Cap Weighted Average 7.6%
Netherlands Market Revenue Growth Rate Market Cap Weighted Average 2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTAM:AGN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTAM:AGN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 1,611
2021-12-31 23,751 1,500 1,536 2
2020-12-31 24,472 1,500 1,464 4
2019-12-31 23,871 1,500 1,404 6
ENXTAM:AGN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 17,987 517 597
2018-09-30 30,279 187 1,552
2018-06-30 42,482 -1,148 1,929
2018-03-31 46,883 2,164 2,212
2017-12-31 53,867 553 2,338
2017-09-30 50,416 229 1,894
2017-06-30 54,981 1,416 1,742
2017-03-31 54,321 -1,577 539
2016-12-31 49,791 3,319 304
2016-09-30 54,006 4,000 -812
2016-06-30 37,527 3,177 -1,706
2016-03-31 26,083 1,375 -715

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aegon's earnings are expected to grow significantly at over 20% yearly.
  • Aegon's revenue is expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTAM:AGN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Aegon Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:AGN Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.79 0.79 0.79 1.00
2021-12-31 0.74 0.80 0.63 12.00
2020-12-31 0.69 0.80 0.61 14.00
2019-12-31 0.67 0.76 0.54 14.00
ENXTAM:AGN Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.29
2018-09-30 0.76
2018-06-30 0.94
2018-03-31 1.07
2017-12-31 1.14
2017-09-30 0.92
2017-06-30 0.85
2017-03-31 0.26
2016-12-31 0.15
2016-09-30 -0.39
2016-06-30 -0.81
2016-03-31 -0.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Aegon is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aegon's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aegon has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AGN Past Performance

  How has Aegon performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aegon's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aegon has delivered over 20% year on year earnings growth in the past 5 years.
  • Aegon's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Aegon's 1-year earnings growth is negative, it can't be compared to the Europe Insurance industry average.
Earnings and Revenue History
Aegon's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aegon Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:AGN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 17,987.00 597.00 3,538.00
2018-09-30 30,279.00 1,551.50 4,272.50
2018-06-30 42,482.00 1,929.00 3,548.00
2018-03-31 46,882.50 2,212.00 3,592.50
2017-12-31 53,867.00 2,338.00 3,658.00
2017-09-30 50,416.00 1,894.00 3,535.00
2017-06-30 54,981.00 1,742.00 3,564.00
2017-03-31 54,321.00 539.00 3,554.00
2016-12-31 49,791.00 304.00 3,560.00
2016-09-30 54,006.00 -812.00 3,569.00
2016-06-30 37,527.00 -1,706.00 3,588.00
2016-03-31 26,083.00 -715.00 3,592.00
2015-12-31 34,642.00 -571.00 3,558.00
2015-09-30 34,142.00 -102.00 3,397.00
2015-06-30 42,275.00 501.00 3,337.00
2015-03-31 52,232.00 519.00 3,281.00
2015-01-01 43,225.00 613.00 3,194.00
2014-09-30 40,444.00 776.00 3,111.00
2014-06-30 43,551.00 945.00 3,105.00
2014-03-31 38,342.00 775.00 3,126.00
2014-01-01 45,081.00 751.00 3,163.00
2013-09-30 41,582.00 929.00 4,596.00
2013-06-30 43,000.00 1,072.00 4,094.00
2013-03-31 43,626.00 1,075.00 3,566.00
2013-01-01 42,852.00 1,417.00 3,054.00
2012-09-30 46,487.00 979.00 1,817.00
2012-06-30 32,213.00 666.00 2,330.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Aegon has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aegon used its assets less efficiently than the Europe Insurance industry average last year based on Return on Assets.
  • Aegon's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aegon's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aegon has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AGN Health

 How is Aegon's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Aegon's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aegon is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aegon's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Aegon's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aegon Company Filings, last reported 3 months ago.

ENXTAM:AGN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 22,567.00 16,467.00 23,294.00
2018-09-30 22,567.00 16,467.00 23,294.00
2018-06-30 23,798.00 14,887.00 23,390.00
2018-03-31 23,798.00 14,887.00 23,390.00
2017-12-31 24,102.00 19,256.00 24,800.00
2017-09-30 23,648.00 15,655.00 25,773.00
2017-06-30 24,211.00 15,779.00 26,932.00
2017-03-31 25,332.00 15,944.00 23,667.00
2016-12-31 24,341.00 19,327.00 23,326.00
2016-09-30 24,952.00 13,750.00 24,168.00
2016-06-30 25,782.00 13,010.00 25,224.00
2016-03-31 26,675.00 11,756.00 24,045.00
2015-12-31 26,250.00 19,446.00 22,866.00
2015-09-30 27,903.00 13,829.00 23,079.00
2015-06-30 28,678.00 15,251.00 22,883.00
2015-03-31 31,263.00 15,354.00 27,669.00
2015-01-01 27,683.00 15,048.00 10,071.00
2014-09-30 25,748.00 14,938.00 21,460.00
2014-06-30 24,145.00 14,305.00 19,082.00
2014-03-31 23,717.00 13,201.00 17,994.00
2014-01-01 22,615.00 12,009.00 5,691.00
2013-09-30 25,336.00 12,355.00 17,214.00
2013-06-30 26,105.00 13,735.00 19,464.00
2013-03-31 28,642.00 14,141.00 21,401.00
2013-01-01 26,107.00 13,416.00 9,590.00
2012-09-30 29,560.00 11,520.00 22,335.00
2012-06-30 28,033.00 11,289.00 23,341.00
  • Aegon's level of debt (73%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (53.1% vs 73% today).
  • Debt is not well covered by operating cash flow (3.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Aegon's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aegon has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AGN Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.4%
Current annual income from Aegon dividends. Estimated to be 6.96% next year.
If you bought €2,000 of Aegon shares you are expected to receive €128 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Aegon's pays a higher dividend yield than the bottom 25% of dividend payers in Netherlands (2.22%).
  • Aegon's dividend is above the markets top 25% of dividend payers in Netherlands (5.56%).
Upcoming dividend payment

Purchase Aegon before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTAM:AGN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Europe Insurance Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 4.8%
Netherlands Market Average Dividend Yield Market Cap Weighted Average of 68 Stocks 3.9%
Netherlands Minimum Threshold Dividend Yield 10th Percentile 1.7%
Netherlands Bottom 25% Dividend Yield 25th Percentile 2.2%
Netherlands Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTAM:AGN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.35 1.00
2022-12-31 0.34 2.00
2021-12-31 0.33 13.00
2020-12-31 0.34 17.00
2019-12-31 0.30 18.00
ENXTAM:AGN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-14 0.300 6.600
2018-08-16 0.280 5.712
2018-02-15 0.280 5.061
2017-12-21 0.260 4.740
2017-11-09 0.260 4.986
2017-09-13 0.260 5.239
2017-02-17 0.260 5.470
2016-11-10 0.260 5.132
2016-02-19 0.260 6.455
2015-11-12 0.240 4.738
2015-08-13 0.240 4.414
2015-02-19 0.240 3.420
2014-11-13 0.220 3.523
2014-08-14 0.220 3.515
2014-05-21 0.220 3.487
2013-11-07 0.220 3.383
2013-08-08 0.220 3.861
2013-02-15 0.220 4.345
2012-11-08 0.200 4.266
2012-08-09 0.200 4.718
2012-02-17 0.200 5.454
2010-05-12 0.000 0.000
2010-02-25 0.000 0.000
2009-11-20 0.000 0.000
2009-11-12 0.000 0.000
2009-08-13 0.000 0.000
2009-06-18 0.000 0.000
2009-05-14 0.000 0.000
2009-04-22 0.000 0.000
2009-04-20 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Aegon has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Aegon only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Aegon's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Aegon's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aegon afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aegon has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AGN Management

 What is the CEO of Aegon's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alex Wynaendts
COMPENSATION €4,233,000
AGE 58
TENURE AS CEO 11 years
CEO Bio

Mr. Alexander Rijn Wynaendts, also known as Alex, has been an Independent Director of Air France-KLM SA since May 19, 2016. Mr. Wynaendts has been the Chief Executive Officer of Aegon N.V. since April 23, 2008 and its Chairman of the Management Board since April 23, 2008. Mr. Wynaendts has been a Member of the Management Board at Aegon N.V. since April 17, 2003. He serves as the Chief Executive Officer of Saecure 7 BV. He served as Chief Operating Officer of AEGON N.V since April 25, 2007, Executive Vice President since May 1998 and also as its Head of Group Business Development since May 1998. He is a member of the Supervisory Board of Puissance B.V. since May 2017. He served as Chief Executive Officer and Member of The Management Board of AEGON USA, LLC. He began his career in 1984 with ABN Amro in 1984, working in Amsterdam and London in the Dutch bank's capital markets, asset management, corporate finance and private banking operations. From 1992 to 1997, he held various positions at ABN AMRO in London, including in equity capital markets and corporate finance. In 1997, he joined AEGON as Senior Vice-President for Group Business Development. He served at Aegon Nederland NV as Member of the Executive Board since April 17, 2003. He has experience i international Finance and insurance. He serves as a Vice- Chairman of the PEIF (Pan- European Insurance Forum); Member of the Board of Directors of the Geneva Association, Switzerland; Chairman of the Supervisory Board of Mauritshuis Museum in The Hague, Netherlands and Member of the Advisory Board of the Vumc Cancer Center in Amsterdam, Netherlands. He serves as a Director at AEGON UK plc, a Member of Supervisory Board of AEGON Unión Aseguradora, a Member of Board of AEGON-CNOOC (China), and La Mondiale Participations (France), a Member Board of the Foundation "Friends of the Mauritshuis Museum" and of the Supervisory Boards of AEGON Hungary and AEGON Spain. Mr. Wynaendts holds an electrical engineering degree from the École Supérieure d’Électricité in 1984 and an economics degree from the Université Paris- Sorbonne in 1983.

CEO Compensation
  • Alex's compensation has been consistent with company performance over the past year.
  • Alex's remuneration is about average for companies of similar size in Netherlands.
Management Team Tenure

Average tenure and age of the Aegon management team in years:

3
Average Tenure
55
Average Age
  • The tenure for the Aegon management team is about average.
Management Team

Alex Wynaendts

TITLE
CEO & Chairman of the Executive Board
COMPENSATION
€4M
AGE
58
TENURE
11 yrs

Matt Rider

TITLE
CFO & Member of the Executive Board
COMPENSATION
€2M
AGE
55
TENURE
1.9 yrs

Marco B. Keim

TITLE
Head of Aegon Continental Europe & Member of the Management Board
AGE
56
TENURE
10.8 yrs

Mark Mullin

TITLE
Member of the Management Board
AGE
55
TENURE
9.3 yrs

Sarah Russell

TITLE
Member of the Management Board
AGE
56
TENURE
2.7 yrs

Carla Mahieu

TITLE
Global Head of HR & Member of the Management Board
AGE
59
TENURE
2.7 yrs

Adrian Grace

TITLE
Member of the Management Board
AGE
55
TENURE
7.2 yrs

Allegra Cristina Van Hövell-Patrizi

TITLE
Chief Risk Officer & Member of the Management Board
AGE
44
TENURE
3.3 yrs

J. van Klinken

TITLE
General Counsel & Member of the Management Board
AGE
49
TENURE
2.7 yrs

Mark Bloom

TITLE
Global CTO & Member of the Management Board
AGE
54
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Aegon board of directors in years:

3.9
Average Tenure
60.5
Average Age
  • The tenure for the Aegon board of directors is about average.
Board of Directors

Bill Connelly

TITLE
Supervisory Board Chairman
AGE
60
TENURE
0.9 yrs

Corien Wortmann-Kool

TITLE
Supervisory Board Vice Chairman
AGE
59
TENURE
2.3 yrs

Maarten Edixhoven

TITLE
Chairman & CEO of Aegon Nederland
AGE
47

Ben van der Veer

TITLE
Supervisory Board Member
AGE
67
TENURE
10.5 yrs

Ben Noteboom

TITLE
Supervisory Board Member
AGE
60
TENURE
3.9 yrs

Dona Young

TITLE
Supervisory Board Member
AGE
64
TENURE
5.9 yrs

Bob Dineen

TITLE
Supervisory Board Member
AGE
69
TENURE
4.9 yrs

Mark Ellman

TITLE
Supervisory Board Member
AGE
61
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Aegon's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aegon has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AGN News

Simply Wall St News

Is Aegon N.V. (AMS:AGN) Overpaying Its CEO?

First, this article will compare CEO compensation with compensation at other large companies. … has a market capitalization of €9.1b, and pays its CEO total annual compensation worth €4.2m. … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at €1.3m.

Simply Wall St -

Why Aegon N.V.'s (AMS:AGN) High P/E Ratio Isn't Necessarily A Bad Thing

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Aegon has a price to earnings ratio of 14.88, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Imagine Owning Aegon And Wondering If The 26% Share Price Slide Is Justified

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Due to the lack of correlation between the EPS growth and the falling share price, it's worth taking a look at other metrics to try to understand the share price movement. … While it's not completely obvious why the share price is down, a closer look at the company's history might help explain it.

Simply Wall St -

Is Now The Time To Look At Buying Aegon N.V. (AMS:AGN)?

saw a double-digit share price rise of over 10% in the past couple of months on the ENXTAM. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock … However, what if the stock is still a bargain?

Simply Wall St -

Could The Aegon N.V. (AMS:AGN) Ownership Structure Tell Us Something Useful?

Generally speaking, as a company grows, institutions will increase their ownership. … Taking a look at the our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about AGN

Simply Wall St -

A Look At Aegon N.V.'s (AMS:AGN) Exceptional Fundamentals

Looking at the company as a whole, as a potential stock investment, I believe AGN has a lot to offer. … that has been a rockstar for income investors, currently trading at an attractive share price

Simply Wall St -

Should You Worry About Aegon NV's (AMS:AGN) CEO Pay Cheque?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Alex Wynaendts's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Aegon NV has a market cap of €10b, and is paying total annual CEO compensation of €4.3m.

Simply Wall St -

Read This Before Buying Aegon NV (AMS:AGN) For Its Upcoming €0.14 Dividend

Aegon NV (AMS:AGN) will be distributing its dividend of €0.14 per share on the 21 September 2018, and will start trading ex-dividend in 2 days time on the 24 August 2018. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:? … Has it paid dividend every year without dramatically reducing payout in the past?

Simply Wall St -

Who Are The Largest Shareholders In Aegon NV (AMS:AGN)?

I am going to take a deep dive into Aegon NV’s (AMS:AGN) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

Should Aegon NV (AMS:AGN) Be Part Of Your Portfolio?

Over the past 10 years, Aegon NV (AMS:AGN) has returned an average of 4.00% per year to shareholders in terms of dividend yield. … Let's dig deeper into whether Aegon should have a place in your portfolio. … See our latest analysis for Aegon

Simply Wall St -

AGN Company Info

Description

Aegon N.V. provides insurance, pensions, and asset management services worldwide. It offers life, accident, and health insurance; property and casualty insurance; home and car insurance; individual investment accounts; annuities; retirement plan services; stable value solutions; retail and institutional investment management solutions; savings products; group pensions; mortgage loans; and bank accounts. The company markets its products through brokers, independent agents, employee benefit consultants, bancassurance channels, self-service/online centers, and call/advice centers. Aegon N.V. was founded in 1983 and is headquartered in The Hague, the Netherlands.

Details
Name: Aegon N.V.
AGN
Exchange: ENXTAM
Founded: 1983
€9,591,906,505
2,047,365,316
Website: http://www.aegon.com
Address: Aegon N.V.
Aegonplein 50,
The Hague,
Zuid-Holland, 2591 TV,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM AGN Common Shares Euronext Amsterdam NL EUR 11. Jul 1988
OTCPK AEGO.F Common Shares Pink Sheets LLC US USD 11. Jul 1988
DB AEND Common Shares Deutsche Boerse AG DE EUR 11. Jul 1988
XTRA AEND Common Shares XETRA Trading Platform DE EUR 11. Jul 1988
LSE 0Q0Y Common Shares London Stock Exchange GB EUR 11. Jul 1988
SWX AGN Common Shares SIX Swiss Exchange CH CHF 11. Jul 1988
BIT AGN Common Shares Borsa Italiana IT EUR 11. Jul 1988
WBAG AGN Common Shares Wiener Boerse AG AT EUR 11. Jul 1988
BATS-CHIXE AGNA Common Shares BATS 'Chi-X Europe' GB EUR 11. Jul 1988
NYSE AEG AMER REGD CERT(1 SH EUR0.12) New York Stock Exchange US USD 28. Jun 1985
DB AENF AMER REGD CERT(1 SH EUR0.12) Deutsche Boerse AG DE EUR 28. Jun 1985
XTRA AENF AMER REGD CERT(1 SH EUR0.12) XETRA Trading Platform DE EUR 28. Jun 1985
BMV AEG N AMER REGD CERT(1 SH EUR0.12) Bolsa Mexicana de Valores MX MXN 28. Jun 1985
Number of employees
Current staff
Staff numbers
26,543
Aegon employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 21:03
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/11
Last earnings filing: 2019/03/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.