Talanx AG provides insurance and reinsurance products and services worldwide.
Undervalued with acceptable track record.
Share Price & News
How has Talanx's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TNXX.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how TNXX.F performed against the US Insurance industry.
Return vs Market: Insufficient data to determine how TNXX.F performed against the US Market.
Price Volatility Vs. Market
How volatile is Talanx's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Talanx undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TNXX.F ($49.5) is trading below our estimate of fair value ($83.62)
Significantly Below Fair Value: TNXX.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TNXX.F is good value based on its PE Ratio (11.5x) compared to the Insurance industry average (12.4x).
PE vs Market: TNXX.F is good value based on its PE Ratio (11.5x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: TNXX.F is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: TNXX.F is good value based on its PB Ratio (1.1x) compared to the US Insurance industry average (1.1x).
How is Talanx forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TNXX.F's forecast earnings growth (7.4% per year) is above the savings rate (1.7%).
Earnings vs Market: TNXX.F's earnings (7.4% per year) are forecast to grow slower than the US market (13.2% per year).
High Growth Earnings: TNXX.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: TNXX.F's revenue (1.7% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: TNXX.F's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TNXX.F's Return on Equity is forecast to be low in 3 years time (11.1%).
How has Talanx performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TNXX.F has high quality earnings.
Growing Profit Margin: TNXX.F's current net profit margins (2.6%) are higher than last year (2.1%).
Past Earnings Growth Analysis
Earnings Trend: TNXX.F's earnings have declined by -0.09% per year over the past 5 years.
Accelerating Growth: TNXX.F's earnings growth over the past year (33.8%) exceeds its 5-year average (-0.09% per year).
Earnings vs Industry: TNXX.F earnings growth over the past year (33.8%) underperformed the Insurance industry 34.8%.
Return on Equity
High ROE: TNXX.F's Return on Equity (10.3%) is considered low.
Return on Assets
Return on Capital Employed
How is Talanx's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: TNXX.F has a low level of unsold assets or inventory.
Debt Coverage by Assets: TNXX.F's debt is covered by short term assets (assets are 4.3x debt).
Financial Institutions Analysis
Asset Level: TNXX.F's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if TNXX.F has a sufficient allowance for bad loans.
Low Risk Liabilities: TNXX.F reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if TNXX.F has an acceptable proportion of non-loan assets held.
Low Risk Deposits: TNXX.F has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if TNXX.F has an appropriate level of bad loans.
What is Talanx's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TNXX.F's dividend (3.33%) is higher than the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: TNXX.F's dividend (3.33%) is low compared to the top 25% of dividend payers in the US market (3.96%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TNXX.F has been paying a dividend for less than 10 years.
Growing Dividend: TNXX.F's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.3%), TNXX.F's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TNXX.F's dividends in 3 years are forecast to be well covered by earnings (44.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Torsten Leue (53yo)
Mr. Torsten Leue serves as a Chairman of Supervisory Board at Hannover Rück SE since May 08, 2019 and HDI Global SE since March 9, 2018. He was its Vice Chairman of Supervisory Board of Hannover Rück SE ti ...
CEO Compensation Analysis
Compensation vs Market: Torsten's total compensation ($USD4.15M) is below average for companies of similar size in the US market ($USD10.78M).
Compensation vs Earnings: Torsten's compensation has increased by more than 20% in the past year.
|Chairman of Management Board & CEO||1.8yrs||€3.82m||no data|
|CFO & Member of Management Board||14.1yrs||€1.67m||no data|
|Member of Management Board||1.8yrs||€927.50k||no data|
|Member of the Management Board||0.8yrs||no data||no data|
|Member of the Management Board||0.8yrs||no data||no data|
|Head of Investor Relations||0yrs||no data||no data|
Experienced Management: TNXX.F's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
|Supervisory Board Member||6.8yrs||€128.00k||no data|
|Supervisory Board Member||16.7yrs||€206.00k||no data|
|Chairman of the Supervisory Board||1.8yrs||€2.74m||no data|
|Supervisory Board Member||6.8yrs||€99.00k||no data|
|Deputy Chairman of the Supervisory Board||1.8yrs||€174.00k||no data|
|Supervisory Board Member||6.8yrs||€118.00k||no data|
|Deputy Chairman of Supervisory Board||10.7yrs||€179.00k||no data|
|Supervisory Board Member||10.7yrs||€112.00k||no data|
|Supervisory Board Member||9yrs||€126.00k||no data|
|Supervisory Board Member||8.4yrs||€130.00k||no data|
Experienced Board: TNXX.F's board of directors are considered experienced (7.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Talanx AG's company bio, employee growth, exchange listings and data sources
- Name: Talanx AG
- Ticker: TNXX.F
- Exchange: OTCPK
- Founded: 1996
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: €10.582b
- Listing Market Cap: €11.615b
- Shares outstanding: 252.80m
- Website: https://www.talanx.com
Number of Employees
- Talanx AG
- HDI-Platz 1
- Riethorst 2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TLX||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Oct 2012|
|TLX||XTRA (XETRA Trading Platform)||Yes||Registered Shares||DE||EUR||Oct 2012|
|TLXD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Registered Shares||GB||EUR||Oct 2012|
|0QA8||LSE (London Stock Exchange)||Yes||Registered Shares||GB||EUR||Oct 2012|
|TLX||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||Oct 2012|
|TNX||WSE (Warsaw Stock Exchange)||Yes||Registered Shares||PL||PLN||Oct 2012|
|TLX||WBAG (Wiener Boerse AG)||Yes||Registered Shares||AT||EUR||Oct 2012|
|TNXX.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||Oct 2012|
Talanx AG provides insurance and reinsurance products and services worldwide. The company offers life, casualty, liability, motor, aviation, legal protection, fire, burglary and theft, water damage, plate glass, windstorm, comprehensive householders, comprehensive home-owners, hail, livestock, engineering, omnium, marine, business interruption, travel assistance, aviation and space liability, financial lines, and other property insurance, as well as coverage for fire and fire loss of profits insurance. It also provides bancassurance products; unit linked life insurance, annuity and risk insurance, and occupational incapacity and disability insurance products; personal accident insurance; and Sharia-compliant retakaful reinsurance products. In addition, the company offers property and casualty reinsurance products to retail, commercial, and industrial customers; marine and aviation business; credit/surety businesses; structured reinsurance; and facultative and nat cat business, as well as cross-border insurance and asset management services. It primarily serves retail clients, and small and medium-sized companies through independent brokers, agents, co-operations, online and direct sales, and banks. The company was founded in 1996 and is headquartered in Hanover, Germany. Talanx AG is a subsidiary of HDI Haftpflichtverband der Deutschen Industrie Versicherungsverein auf Gegenseitigkeit.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 01:47|
|End of Day Share Price||2019/12/10 00:00|
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.