OTCPK:VNRG.F

Stock Analysis Report

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Executive Summary

Vienna Insurance Group AG, together with its subsidiaries, provides various insurance products and services.


Snowflake Analysis

Undervalued with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Vienna Insurance Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VNRG.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

VNRG.F

1.6%

US Insurance

2.3%

US Market


1 Year Return

n/a

VNRG.F

-21.1%

US Insurance

6.7%

US Market

Return vs Industry: Insufficient data to determine how VNRG.F performed against the US Insurance industry.

Return vs Market: Insufficient data to determine how VNRG.F performed against the US Market.


Shareholder returns

VNRG.FIndustryMarket
7 Day0%1.6%2.3%
30 Day4.2%-5.1%1.5%
90 Day8.1%0.6%17.8%
1 Yearn/a-19.0%-21.1%9.0%6.7%
3 Yearn/a-0.7%-8.9%36.6%27.7%
5 Yearn/a26.4%10.5%64.2%46.2%

Price Volatility Vs. Market

How volatile is Vienna Insurance Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Vienna Insurance Group undervalued compared to its fair value and its price relative to the market?

29.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VNRG.F ($21.95) is trading below our estimate of fair value ($30.97)

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


Price To Earnings Ratio

PE vs Industry: VNRG.F is good value based on its PE Ratio (7.8x) compared to the US Insurance industry average (13x).

PE vs Market: VNRG.F is good value based on its PE Ratio (7.8x) compared to the US market (15.8x).


Price to Earnings Growth Ratio

PEG Ratio: VNRG.F is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: VNRG.F is good value based on its PB Ratio (0.6x) compared to the US Insurance industry average (0.9x).


Next Steps

Future Growth

How is Vienna Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

5.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VNRG.F's forecast earnings growth (5.7% per year) is above the savings rate (2.2%).

Earnings vs Market: VNRG.F's earnings (5.7% per year) are forecast to grow slower than the US market (22.8% per year).

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

Revenue vs Market: VNRG.F's revenue (1.4% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: VNRG.F's revenue (1.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VNRG.F's Return on Equity is forecast to be low in 3 years time (6.9%).


Next Steps

Past Performance

How has Vienna Insurance Group performed over the past 5 years?

17.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VNRG.F has high quality earnings.

Growing Profit Margin: VNRG.F's current net profit margins (3.1%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: VNRG.F's earnings have grown by 17.7% per year over the past 5 years.

Accelerating Growth: VNRG.F's earnings growth over the past year (24.1%) exceeds its 5-year average (17.7% per year).

Earnings vs Industry: VNRG.F earnings growth over the past year (24.1%) exceeded the Insurance industry -1.9%.


Return on Equity

High ROE: VNRG.F's Return on Equity (8.5%) is considered low.


Next Steps

Financial Health

How is Vienna Insurance Group's financial position?


Financial Position Analysis

Short Term Liabilities: VNRG.F's short term assets (€4.8B) exceed its short term liabilities (€339.0M).

Long Term Liabilities: VNRG.F's short term assets (€4.8B) do not cover its long term liabilities (€43.1B).


Debt to Equity History and Analysis

Debt Level: VNRG.F's debt to equity ratio (26.9%) is considered satisfactory.

Reducing Debt: VNRG.F's debt to equity ratio has increased from 23.6% to 26.9% over the past 5 years.

Debt Coverage: VNRG.F's debt is well covered by operating cash flow (102.8%).

Interest Coverage: VNRG.F's interest payments on its debt are well covered by EBIT (7x coverage).


Balance Sheet


Next Steps

Dividend

What is Vienna Insurance Group current dividend yield, its reliability and sustainability?

5.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VNRG.F's dividend (5.68%) is higher than the bottom 25% of dividend payers in the US market (1.7%).

High Dividend: VNRG.F's dividend (5.68%) is in the top 25% of dividend payers in the US market (4.69%)


Stability and Growth of Payments

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

Growing Dividend: VNRG.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.1%), VNRG.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VNRG.F's dividends in 3 years are forecast to be well covered by earnings (40.4% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Elisabeth Stadler (59yo)

4.5yrs

Tenure

€1,450,000

Compensation

Prof. Elisabeth Stadler serves as Chairwoman of the Supervisory Board at InterRisk Versicherungs-AG since July 1, 2018. Prof. Elisabeth Stadler serves as Chairwoman of the Supervisory Board at InterRisk Le ...


CEO Compensation Analysis

Compensation vs Market: Elisabeth's total compensation ($USD1.64M) is below average for companies of similar size in the US market ($USD5.83M).

Compensation vs Earnings: Elisabeth's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Elisabeth Stadler
Chairwoman of the Managing Board4.5yrs€1.45mno data
Liane Hirner
Member of the Managing Board & CFO2yrs€764.00kno data
Peter Höfinger
Member of the Managing Board11.5yrs€868.00kno data
Peter Thirring
Member of the Managing Board2yrs€663.00kno data
Gábor Lehel
Member of the Managing Board0.50yrno datano data
Gerhard Lahner
Member of the Managing Board0.50yrno datano data
Harald Riener
Member of the Managing Board0.50yrno datano data
Nina Higatzberger
Head of Investor Relationsno datano datano data
Natalia Cadek
Group Compliance Officer5.17yrsno datano data
Birgit Moosmann
Head of People Managementno datano datano data

2.0yrs

Average Tenure

51yo

Average Age

Experienced Management: VNRG.F's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Martina Dobringer
Independent Supervisory Board Member9.17yrs€46.00kno data
Günter Geyer
Independent Chairman of Supervisory Board6.08yrs€85.00kno data
Rudolf Ertl
Independent First Supervisory Board Vice Chairman3.17yrs€58.00kno data
Heinz Öhler
Independent Supervisory Board Member18.5yrs€43.00kno data
Georg Riedl
Independent Supervisory Board Member6.08yrs€50.00kno data
Gertrude Tumpel-Gugerell
Independent Supervisory Board Member8.17yrs€47.00kno data
Gerhard Fabisch
Independent Supervisory Board Member3.17yrs€38.00kno data
Maria Kubitschek
Independent Second Deputy Chairman of the Supervisory Board3.5yrs€56.00kno data
Gabriele Semmelrock-Werzer
Independent Supervisory Board Member3.5yrs€38.00kno data
Peter Mihók
Supervisory Board Member1.17yrs€30.00kno data

4.8yrs

Average Tenure

70yo

Average Age

Experienced Board: VNRG.F's board of directors are considered experienced (4.8 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

Vienna Insurance Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vienna Insurance Group AG
  • Ticker: VNRG.F
  • Exchange: OTCPK
  • Founded: 1824
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €2.592b
  • Listing Market Cap: €2.932b
  • Shares outstanding: 128.00m
  • Website: https://www.vig.com

Number of Employees


Location

  • Vienna Insurance Group AG
  • Schottenring 30
  • Vienna
  • Vienna
  • 1010
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VIGWBAG (Wiener Boerse AG)YesOrdinary Bearer SharesATEURJun 2005
WSV2DB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURJun 2005
0MZXLSE (London Stock Exchange)YesOrdinary Bearer SharesGBEURJun 2005
VIGSEP (The Stock Exchange Prague Co. Ltd.)YesOrdinary Bearer SharesCZCZKJun 2005
VNRG.FOTCPK (Pink Sheets LLC)YesOrdinary Bearer SharesUSUSDJun 2005
WSV2XTRA (XETRA Trading Platform)YesOrdinary Bearer SharesDEEURJun 2005
VIGVBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Bearer SharesGBEURJun 2005
VNRF.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDOct 2008

Biography

Vienna Insurance Group AG, together with its subsidiaries, provides various insurance products and services. The company offers life, health, and property and casualty insurance products. It also provides motor own damage, rail vehicle own-damage, aircraft own-damage insurance, transport, fire and natural hazards, third party liability, carrier, aircraft liability, general liability, credit, guarantee, legal expenses, assistance, marine, aviation, and travel health insurance products, as well as sea, lake, and river shipping own-damage insurance. The company sells its products through sales employees, banks, brokers, and agents. It operates in Austria, the Czech Republic, Slovakia, Poland, Romania, the Baltic states, Hungary, Bulgaria, Turkey/Georgia, Albania, Kosovo, Bosnia-Herzegovina, Croatia, North Macedonia, Moldova, Serbia, Ukraine, Germany, and Liechtenstein. The company was founded in 1824 and is based in Vienna, Austria. Vienna Insurance Group AG is a subsidiary of Wiener Stadtische Wechselseitiger Versicherungsverein - Vermögensverwaltung - Vienna Insurance Group. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 00:46
End of Day Share Price2020/06/24 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.