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Market Cap

€5.1b

Last Updated

2021/05/13 20:07 UTC

Data Sources

Company Financials +

Executive Summary

ASR Nederland N.V. provides various insurance and non-insurance products and services to private and business customers in the Netherlands and internationally. More Details


Snowflake Analysis

Undervalued average dividend payer.


Similar Companies

Share Price & News

How has ASR Nederland's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ASRNL is less volatile than 75% of Dutch stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ASRNL's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.0%

ASRNL

-1.3%

NL Insurance

-3.3%

NL Market


1 Year Return

64.8%

ASRNL

40.4%

NL Insurance

40.8%

NL Market

Return vs Industry: ASRNL exceeded the Dutch Insurance industry which returned 39.4% over the past year.

Return vs Market: ASRNL exceeded the Dutch Market which returned 38.3% over the past year.


Shareholder returns

ASRNLIndustryMarket
7 Day-1.0%-1.3%-3.3%
30 Day-3.8%-2.6%-2.7%
90 Day10.6%6.7%0.3%
1 Year75.8%64.8%48.9%40.4%43.1%40.8%
3 Year15.7%-3.2%17.1%-0.4%19.6%8.2%
5 Yearn/a61.6%24.6%74.2%44.3%

Long-Term Price Volatility Vs. Market

How volatile is ASR Nederland's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

49.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASRNL (€36.77) is trading below our estimate of fair value (€72.79)

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


Price To Earnings Ratio

PE vs Industry: ASRNL is good value based on its PE Ratio (8.4x) compared to the European Insurance industry average (13.1x).

PE vs Market: ASRNL is good value based on its PE Ratio (8.4x) compared to the Dutch market (27x).


Price to Earnings Growth Ratio

PEG Ratio: ASRNL is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: ASRNL is good value based on its PB Ratio (0.8x) compared to the XE Insurance industry average (1.1x).


Future Growth

How is ASR Nederland forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

5.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASRNL's forecast earnings growth (5.2% per year) is above the savings rate (0.1%).

Earnings vs Market: ASRNL's earnings (5.2% per year) are forecast to grow slower than the Dutch market (17.9% per year).

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

Revenue vs Market: ASRNL's revenue is expected to decline over the next 3 years (-6.5% per year).

High Growth Revenue: ASRNL's revenue is forecast to decline over the next 3 years (-6.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASRNL's Return on Equity is forecast to be low in 3 years time (11.4%).


Past Performance

How has ASR Nederland performed over the past 5 years?

2.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASRNL has high quality earnings.

Growing Profit Margin: ASRNL's current net profit margins (8.1%) are lower than last year (11.3%).


Past Earnings Growth Analysis

Earnings Trend: ASRNL's earnings have grown by 2.5% per year over the past 5 years.

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

Earnings vs Industry: ASRNL had negative earnings growth (-32.8%) over the past year, making it difficult to compare to the Insurance industry average (-5.6%).


Return on Equity

High ROE: ASRNL's Return on Equity (10.4%) is considered low.


Financial Health

How is ASR Nederland's financial position?


Financial Position Analysis

Short Term Liabilities: ASRNL's short term assets (€18.7B) exceed its short term liabilities (€16.7B).

Long Term Liabilities: ASRNL's short term assets (€18.7B) do not cover its long term liabilities (€54.1B).


Debt to Equity History and Analysis

Debt Level: ASRNL's debt to equity ratio (164.8%) is considered high.

Reducing Debt: ASRNL's debt to equity ratio has increased from 64.7% to 164.8% over the past 5 years.

Debt Coverage: ASRNL's debt is not well covered by operating cash flow (3.4%).

Interest Coverage: ASRNL's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


Dividend

What is ASR Nederland current dividend yield, its reliability and sustainability?

5.55%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 14 2021Ex Dividend DateMay 21 2021Dividend Pay DateMay 26 20215 days from Ex DividendBuy in the next 7 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ASRNL's dividend (5.55%) is higher than the bottom 25% of dividend payers in the Dutch market (1.64%).

High Dividend: ASRNL's dividend (5.55%) is in the top 25% of dividend payers in the Dutch market (3.81%)


Stability and Growth of Payments

Stable Dividend: ASRNL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ASRNL's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.4%), ASRNL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ASRNL's dividends in 3 years are forecast to be well covered by earnings (47.9% payout ratio).


Next Steps

Management

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

8.8yrs

Average management tenure


CEO

Jos P. Baeten (62 yo)

12.33yrs

Tenure

€1,420,000

Compensation

Mr. Jos P. M. Baeten, LL.M., is the Founder of ASR Nederland N.V. and has been its Chief Executive Officer since January 26, 2009. Mr. Baeten has been Chairman of The Executive Board at ASR Nederland N.V. ...


CEO Compensation Analysis

Compensation vs Market: Jos P.'s total compensation ($USD1.71M) is below average for companies of similar size in the Dutch market ($USD2.53M).

Compensation vs Earnings: Jos P.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: ASRNL's management team is seasoned and experienced (8.8 years average tenure).


Board Members

Experienced Board: ASRNL's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ASRNL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

ASR Nederland N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ASR Nederland N.V.
  • Ticker: ASRNL
  • Exchange: ENXTAM
  • Founded: NaN
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €5.072b
  • Shares outstanding: 137.93m
  • Website: https://www.asrnl.com

Number of Employees


Location

  • ASR Nederland N.V.
  • Archimedeslaan 10
  • Utrecht
  • Utrecht
  • 3584 BA
  • Netherlands

Listings


Biography

ASR Nederland N.V. provides various insurance and non-insurance products and services to private and business customers in the Netherlands and internationally. It operates through five segments: Non-Life, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/13 20:07
End of Day Share Price2021/05/13 00:00
Earnings2020/12/31
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.