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ageas

OTCPK:AGES.Y
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AGES.Y
OTCPK
€9B
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

ageas SA/NV, together with its subsidiaries, engages in insurance business in Europe and Asia. The last earnings update was 109 days ago. More info.


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AGES.Y Share Price and Events
7 Day Returns
1.6%
OTCPK:AGES.Y
0.3%
US Insurance
0.8%
US Market
1 Year Returns
7.3%
OTCPK:AGES.Y
16.7%
US Insurance
4.8%
US Market
AGES.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ageas (AGES.Y) 1.6% 10.4% 2.9% 7.3% 61.9% 35.7%
US Insurance 0.3% 3.2% 10.6% 16.7% 40% 51.9%
US Market 0.8% 4.3% 2.8% 4.8% 37.9% 43.5%
1 Year Return vs Industry and Market
  • AGES.Y underperformed the Insurance industry which returned 16.7% over the past year.
  • AGES.Y outperformed the Market in United States of America which returned 4.8% over the past year.
Price Volatility
AGES.Y
Industry
5yr Volatility vs Market

AGES.Y Value

 Is ageas 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 ageas 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 ageas.

OTCPK:AGES.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 11 analysts.
= Stable Book Value * Return on Equity
= €53.29 * 9.4%
€5.00
Book Value of Equity per Share Weighted future Book Value estimates from 9 analysts. €53.29
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:AGES.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.8%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 29%) (48.19%))
0.947
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.947 * 6.8%)
9.17%

Discounted Cash Flow Calculation for OTCPK:AGES.Y using Excess Returns Model Model

The calculations below outline how an intrinsic value for ageas 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.

OTCPK:AGES.Y Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.4% – 9.17%) * €53.29)
€0.12
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.12 / (9.17% - 2.73%)
€1.80
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €53.29 + €1.80
€55.09
OTCPK:AGES.Y Discount to Share Price
Calculation Result
Value per share (USD) From above. $61.85
Current discount Discount to share price of $54.46
= -1 x ($54.46 - $61.85) / $61.85
11.9%

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

Current Discount
Amount off the current price ageas is available for.
Intrinsic value
12%
Share price is $54.46 vs Future cash flow value of $61.85
Current Discount Checks
For ageas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ageas's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • ageas's share price is below the future cash flow value, but not 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 ageas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ageas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:AGES.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €4.11
ENXTBR:AGS Share Price ** ENXTBR (2019-07-12) in EUR €48.51
United States of America Insurance Industry PE Ratio Median Figure of 89 Publicly-Listed Insurance Companies 17.6x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

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

** Primary Listing of ageas.

OTCPK:AGES.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:AGS Share Price ÷ EPS (both in EUR)

= 48.51 ÷ 4.11

11.8x

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

  • ageas is good value based on earnings compared to the US Insurance industry average.
  • ageas is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does ageas's expected growth come at a high price?
Raw Data
OTCPK:AGES.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
3.4%per year
United States of America Insurance Industry PEG Ratio Median Figure of 62 Publicly-Listed Insurance Companies 1.74x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

OTCPK:AGES.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.8x ÷ 3.4%

3.52x

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

  • ageas is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ageas's assets?
Raw Data
OTCPK:AGES.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €48.42
ENXTBR:AGS Share Price * ENXTBR (2019-07-12) in EUR €48.51
United States of America Insurance Industry PB Ratio Median Figure of 118 Publicly-Listed Insurance Companies 1.24x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
OTCPK:AGES.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:AGS Share Price ÷ Book Value per Share (both in EUR)

= 48.51 ÷ 48.42

1x

* Primary Listing of ageas.

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

  • ageas is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess ageas'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. ageas has a total score of 3/6, 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.

AGES.Y Future Performance

 How is ageas expected to perform in the next 1 to 3 years based on estimates from 14 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
3.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ageas expected to grow at an attractive rate?
  • ageas's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • ageas's earnings growth is positive but not above the United States of America market average.
  • ageas's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:AGES.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:AGES.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 3.4%
OTCPK:AGES.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts -5.3%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 8.8%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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
OTCPK:AGES.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:AGES.Y Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 919
2022-12-31 904
2021-12-31 917
2020-12-31 10,459 873 1
2019-12-31 10,233 857 1
OTCPK:AGES.Y Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 11,606 862 809
2018-09-30 12,380 919
2018-06-30 12,374 58 781
2018-03-31 12,305 761
2017-12-31 12,519 -726 623
2017-09-30 12,385 269
2017-06-30 12,732 376 378
2017-03-31 12,980 771
2016-12-31 13,318 405 27
2016-09-30 13,611 849 289
2016-06-30 13,675 -191 234
2016-03-31 13,230 218 -105

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ageas's earnings are expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
  • ageas's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
OTCPK:AGES.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from ageas Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AGES.Y Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 5.18 5.18 5.18 1.00
2022-12-31 4.99 4.99 4.99 1.00
2021-12-31 4.91 5.06 4.71 11.00
2020-12-31 4.63 5.39 4.05 13.00
2019-12-31 4.43 4.99 4.11 13.00
OTCPK:AGES.Y Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 4.11
2018-09-30 4.64
2018-06-30 3.92
2018-03-31 3.80
2017-12-31 3.09
2017-09-30 1.32
2017-06-30 1.84
2017-03-31 3.73
2016-12-31 0.13
2016-09-30 1.37
2016-06-30 1.10
2016-03-31 -0.49

*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.
  • ageas is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ageas'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
ageas has a total score of 1/6, 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.

AGES.Y Past Performance

  How has ageas 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 ageas'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.
  • ageas's year on year earnings growth rate has been positive over the past 5 years.
  • ageas's 1-year earnings growth exceeds its 5-year average (29.8% vs 11.5%)
  • ageas's earnings growth has exceeded the US Insurance industry average in the past year (29.8% vs 9.2%).
Earnings and Revenue History
ageas'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 ageas Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AGES.Y 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 11,606.00 809.10 882.80
2018-09-30 12,379.80 919.10 899.10
2018-06-30 12,374.40 780.80 899.70
2018-03-31 12,304.80 760.70 895.30
2017-12-31 12,519.00 623.20 901.70
2017-09-30 12,385.30 269.00 918.70
2017-06-30 12,731.90 377.90 948.30
2017-03-31 12,979.80 770.60 936.90
2016-12-31 13,318.40 27.10 965.70
2016-09-30 13,611.20 289.10 956.60
2016-06-30 13,674.70 233.90 962.90
2016-03-31 13,229.60 -104.50 962.80
2015-12-31 13,529.30 770.20 962.30
2015-09-30 14,413.00 792.60 970.60
2015-06-30 14,576.70 913.90 962.20
2015-03-31 14,469.50 686.90 953.70
2014-12-31 14,108.30 475.60 945.60
2014-09-30 13,333.00 338.70 938.50
2014-06-30 13,077.40 128.70 934.50
2014-03-31 12,741.60 306.60 932.60
2013-12-31 13,260.20 569.50 927.80
2013-09-30 14,644.80 737.30 930.00
2013-06-30 14,900.00 909.90 927.40
2013-03-31 14,636.40 1,119.80 922.20
2012-12-31 15,155.50 743.00 917.00
2012-09-30 12,598.30 473.90 897.70

*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.
  • ageas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ageas used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
  • ageas has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ageas'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.
ageas has a total score of 4/6, 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.

AGES.Y Health

 How is ageas'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 ageas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ageas's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ageas's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of ageas'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 1.4x 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 ageas Company Filings, last reported 6 months ago.

OTCPK:AGES.Y Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 11,519.60 4,486.90 3,269.80
2018-09-30 11,579.90 4,704.70 2,379.10
2018-06-30 11,527.50 4,526.90 2,590.30
2018-03-31 10,407.80 4,162.00 2,693.50
2017-12-31 10,162.20 4,242.00 2,811.10
2017-09-30 9,871.50 4,152.90 2,252.40
2017-06-30 9,623.20 4,554.40 2,586.00
2017-03-31 9,993.40 4,527.10 2,101.50
2016-12-31 10,205.00 4,854.90 2,440.10
2016-09-30 11,080.20 4,599.60 2,688.70
2016-06-30 10,951.80 4,300.70 2,485.20
2016-03-31 10,945.70 4,978.30 3,003.60
2015-12-31 11,975.00 5,186.60 2,710.10
2015-09-30 11,516.00 4,913.70 2,358.50
2015-06-30 11,699.30 5,124.50 2,400.90
2015-03-31 12,665.10 5,182.10 3,065.70
2014-12-31 10,911.50 4,609.10 2,756.90
2014-09-30 10,579.10 4,512.70 2,491.90
2014-06-30 9,853.60 4,406.90 2,708.10
2014-03-31 9,820.90 4,387.00 3,263.60
2013-12-31 9,330.00 4,418.70 2,469.10
2013-09-30 9,610.10 4,420.60 2,513.00
2013-06-30 9,705.50 5,402.00 2,636.10
2013-03-31 10,676.10 5,311.60 2,301.90
2012-12-31 10,670.90 5,042.70 2,748.20
2012-09-30 10,482.40 5,164.10 2,420.60
  • ageas's level of debt (39.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (47.6% vs 39.1% today).
  • Debt is not well covered by operating cash flow (19.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16x coverage).
X
Financial health checks
We assess ageas'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. ageas has a total score of 3/6, 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.

AGES.Y Dividends

 What is ageas'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
4.54%
Current annual income from ageas dividends. Estimated to be 5.1% next year.
If you bought $2,000 of ageas shares you are expected to receive $91 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?
  • ageas's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • ageas's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
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
OTCPK:AGES.Y 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 14 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:AGES.Y Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.70 1.00
2022-12-31 2.60 1.00
2021-12-31 2.56 13.00
2020-12-31 2.48 16.00
2019-12-31 2.37 16.00
OTCPK:AGES.Y Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-29 2.200 4.847
2019-02-20 2.200 5.078
2018-04-06 2.100 4.860
2018-02-21 2.100 4.935
2017-05-17 1.700 4.304
2016-02-17 1.650 4.777
2015-03-06 1.550 4.242
2015-02-12 1.550 4.847
2014-03-19 1.400 4.914
2014-02-19 1.400 4.327
2013-03-05 1.200 4.053
2013-02-21 1.200 4.620
2012-08-07 0.800 3.893
2012-05-14 0.800 5.573
2012-04-26 0.800 5.895
2011-11-09 0.800 5.615
2011-11-08 0.800 5.764
2011-08-24 0.800 6.049
2011-05-17 0.800 5.089
2011-04-15 0.800 3.921
2011-03-18 0.800 3.802
2011-03-09 0.800 3.840
2010-08-24 0.800 3.873
2010-04-29 0.800 3.962
2009-08-27 0.000 0.000
2009-03-16 0.000 0.000
2008-08-04 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, ageas has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but ageas only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of ageas's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess ageas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 ageas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ageas has a total score of 4/6, see the detailed checks below.


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

AGES.Y Management

 What is the CEO of ageas'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
Bart De Smet
COMPENSATION €1,668,696
AGE 62
TENURE AS CEO 10 years
CEO Bio

Mr. Bart De Smet serves as Vice-Chairman of the Board at AG Insurance SA. He serves as Director at Taiping Life Insurance Company Limited since 2013. He earned a degree in mathematical sciences from the Catholic University of Louvain (KULeuven), but also has diplomas in Actuarial Sciences (KULeuven) and Managerial Sciences (KULeuven). He began his career with Argenta in 1982. From 1985 to 1993, he served as Executive Vice President of the Life division at the Belgian subsidiary of the Swiss insurance company National Suisse. In 1994, he joined ING Insurance Belgium, where he was a member of the ExCo. He moved to Fortis in 1998, where he was a member of the management committee of Fortis AG and responsible for Fortis Employee Benefits. In 2005, he took charge of the Broker Channel at Fortis Insurance Belgium, assuming the position of CEO of Fortis Insurance Belgium in 2007. In June 2009 he became CEO of Fortis, which was renamed Ageas following the AGM in April 2010.

CEO Compensation
  • Bart's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Bart's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

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

6.5
Average Tenure
58
Average Age
  • The average tenure for the ageas management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bart De Smet

TITLE
CEO & Executive Director
COMPENSATION
€2M
AGE
62
TENURE
10 yrs

Christophe Boizard

TITLE
CFO & Executive Director
COMPENSATION
€1M
AGE
60
TENURE
7.8 yrs

Antonio Cano Y Bosque

TITLE
COO & Executive Director
COMPENSATION
€1M
AGE
56
TENURE
3.8 yrs

Filip André Coremans

TITLE
Chief Development Officer & Executive Director
COMPENSATION
€1M
AGE
55
TENURE
5 yrs

Jerry Bata

TITLE
Head of Legal

Emmanuel Van Grimbergen

TITLE
Chief Risk Officer & Executive Director
AGE
51
TENURE
0.2 yrs

Stefan Georges Braekeveldt

TITLE
Chief Executive Officer of Continental Europe
AGE
59

Gary Lee Crist

TITLE
Chief Executive Officer of Asia
AGE
62
TENURE
7.9 yrs

Andy Watson

TITLE
Chief Executive Officer of United Kingdom
AGE
57
TENURE
6.5 yrs

Valerie Van Zeveren

TITLE
Company Secretary
TENURE
6.5 yrs
Board of Directors Tenure

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

5.3
Average Tenure
61
Average Age
  • The tenure for the ageas board of directors is about average.
Board of Directors

Jozef De Mey

TITLE
Chairman of the Board
AGE
76
TENURE
1.6 yrs

Bart De Smet

TITLE
CEO & Executive Director
COMPENSATION
€2M
AGE
62
TENURE
10 yrs

Guy de Selliers de Moranville

TITLE
Vice Chairman of the Board
AGE
67
TENURE
10.2 yrs

Christophe Boizard

TITLE
CFO & Executive Director
COMPENSATION
€1M
AGE
60
TENURE
4.3 yrs

Antonio Cano Y Bosque

TITLE
COO & Executive Director
COMPENSATION
€1M
AGE
56
TENURE
3.3 yrs

Filip André Coremans

TITLE
Chief Development Officer & Executive Director
COMPENSATION
€1M
AGE
55
TENURE
4.3 yrs

Emmanuel Van Grimbergen

TITLE
Chief Risk Officer & Executive Director
AGE
51
TENURE
0.2 yrs

Jan H. J. Hadders

TITLE
Independent Non-Executive Director
AGE
73
TENURE
10.4 yrs

Lionel Perl

TITLE
Independent Non-Executive Director
AGE
71
TENURE
10.3 yrs

Jane Murphy

TITLE
Independent Non-Executive Director
AGE
52
TENURE
6.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess ageas'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. ageas 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.

AGES.Y News

Simply Wall St News

AGES.Y Company Info

Description

ageas SA/NV, together with its subsidiaries, engages in insurance business in Europe and Asia. It operates through Belgium, United Kingdom, Continental Europe, Asia, and Reinsurance segments. The company primarily offers property, casualty, and life insurance products, as well as pension products; and reinsurance products. Its life insurance products include risks related to the life and death of individuals; and non-life insurance products comprise accident and health, motor, fire, and other insurance products, as well as other damages to property covering the risk of property losses or claims liabilities. The company serves private individuals, as well as small, medium-sized, and large companies through independent brokers and the bank channels. ageas SA/NV was founded in 1824 and is based in Brussels, Belgium.

Details
Name: ageas SA/NV
AGES.Y
Exchange: OTCPK
Founded: 1824
€10,519,904,044
192,658,890
Website: http://www.ageas.com
Address: ageas SA/NV
Rue du Marquis 1/Markiesstraat 1,
Box 7,
Brussels,
Brussels, 1000,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR AGS Ordinary Shares Euronext Brussels BE EUR 17. Dec 2001
OTCPK AGES.F Ordinary Shares Pink Sheets LLC US USD 17. Dec 2001
DB FO4N Ordinary Shares Deutsche Boerse AG DE EUR 17. Dec 2001
LSE 0Q99 Ordinary Shares London Stock Exchange GB EUR 17. Dec 2001
SWX AGS Ordinary Shares SIX Swiss Exchange CH CHF 17. Dec 2001
BIT AGS Ordinary Shares Borsa Italiana IT EUR 17. Dec 2001
WBAG AGS Ordinary Shares Wiener Boerse AG AT EUR 17. Dec 2001
BATS-CHIXE AGSB Ordinary Shares BATS 'Chi-X Europe' GB EUR 17. Dec 2001
OTCPK AGES.Y SPON ADR EACH REP 1 ORD (POST REV-SPLIT) Pink Sheets LLC US USD 19. Nov 1992
Number of employees
Current staff
Staff numbers
11,009
ageas employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 00:00
End of day share price update: 2019/07/12 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/03/29
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.