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Vienna Insurance Group

OTCPK:VNRG.F
Snowflake Description

Adequate balance sheet average dividend payer.

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

Vienna Insurance Group AG provides various insurance products and services. The last earnings update was 34 days ago. More info.


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VNRG.F Share Price and Events
7 Day Returns
0%
OTCPK:VNRG.F
0.3%
US Insurance
2%
US Market
1 Year Returns
-12.2%
OTCPK:VNRG.F
14.3%
US Insurance
4.3%
US Market
VNRG.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vienna Insurance Group (VNRG.F) 0% - - -12.2% - -
US Insurance 0.3% 3.1% 11.8% 14.3% 43.6% 47%
US Market 2% 4.1% 4.2% 4.3% 43.9% 40.8%
1 Year Return vs Industry and Market
  • VNRG.F underperformed the Insurance industry which returned 14.3% over the past year.
  • VNRG.F underperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
VNRG.F
Industry
5yr Volatility vs Market

Value

 Is Vienna Insurance Group 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 Vienna Insurance Group 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 Vienna Insurance Group.

OTCPK:VNRG.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= €39.17 * 7.1%
€2.77
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. €39.17
Discount Rate (Cost of Equity) See below 9%
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:VNRG.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.5%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.691 (1 + (1- 25%) (49.24%))
0.963
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.963 * 6.51%)
9%

Discounted Cash Flow Calculation for OTCPK:VNRG.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for Vienna Insurance Group 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:VNRG.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.1% – 9%) * €39.17)
€-0.76
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.76 / (9% - 2.73%)
€-12.07
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €39.17 + €-12.07
€27.1
OTCPK:VNRG.F Discount to Share Price
Calculation Result
Value per share (USD) From above. $28.53
Current discount Discount to share price of $24.37
= -1 x ($24.37 - $28.53) / $28.53
14.6%

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

Current Discount
Amount off the current price Vienna Insurance Group is available for.
Intrinsic value
15%
Share price is $24.37 vs Future cash flow value of $28.53
Current Discount Checks
For Vienna Insurance Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Vienna Insurance Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Vienna Insurance Group'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 Vienna Insurance Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vienna Insurance Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:VNRG.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €2.10
WBAG:VIG Share Price ** WBAG (2019-05-30) in EUR €23.15
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 17.61x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.88x

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

** Primary Listing of Vienna Insurance Group.

OTCPK:VNRG.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WBAG:VIG Share Price ÷ EPS (both in EUR)

= 23.15 ÷ 2.10

11.03x

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

  • Vienna Insurance Group is good value based on earnings compared to the US Insurance industry average.
  • Vienna Insurance Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Vienna Insurance Group's expected growth come at a high price?
Raw Data
OTCPK:VNRG.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
9.6%per year
United States of America Insurance Industry PEG Ratio Median Figure of 66 Publicly-Listed Insurance Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

OTCPK:VNRG.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.03x ÷ 9.6%

1.15x

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

  • Vienna Insurance Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Vienna Insurance Group's assets?
Raw Data
OTCPK:VNRG.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €37.64
WBAG:VIG Share Price * WBAG (2019-05-30) in EUR €23.15
United States of America Insurance Industry PB Ratio Median Figure of 119 Publicly-Listed Insurance Companies 1.23x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.8x
OTCPK:VNRG.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:VIG Share Price ÷ Book Value per Share (both in EUR)

= 23.15 ÷ 37.64

0.62x

* Primary Listing of Vienna Insurance Group.

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

  • Vienna Insurance Group is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess Vienna Insurance Group'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. Vienna Insurance Group 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.

Future Performance

 How is Vienna Insurance Group expected to perform in the next 1 to 3 years based on estimates from 6 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
9.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vienna Insurance Group expected to grow at an attractive rate?
  • Vienna Insurance Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Vienna Insurance Group's earnings growth is positive but not above the United States of America market average.
  • Vienna Insurance Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:VNRG.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:VNRG.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 9.6%
OTCPK:VNRG.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 0.1%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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:VNRG.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:VNRG.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 9,455 369 2
2020-12-31 9,286 335 4
2019-12-31 9,011 311 4
OTCPK:VNRG.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 10,052 269
2018-12-31 9,972 968 261
2018-09-30 9,818 1,148 278
2018-06-30 9,776 1,127 276
2018-03-31 9,663 1,183 292
2017-12-31 9,662 1,270 286
2017-09-30 9,650 1,163 274
2017-06-30 9,449 1,173 272
2017-03-31 9,377 1,094 279
2016-12-31 9,288 1,133 276
2016-09-30 9,274 1,193 56
2016-06-30 9,255 1,243 -69

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vienna Insurance Group's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
  • Vienna Insurance Group's revenue is expected to grow by 0.1% 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
OTCPK:VNRG.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Vienna Insurance Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:VNRG.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.82 2.97 2.60 4.00
2020-12-31 2.61 2.79 2.40 6.00
2019-12-31 2.47 2.64 2.32 6.00
OTCPK:VNRG.F Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 2.10
2018-12-31 2.04
2018-09-30 2.17
2018-06-30 2.15
2018-03-31 2.28
2017-12-31 2.23
2017-09-30 2.14
2017-06-30 2.12
2017-03-31 2.18
2016-12-31 2.16
2016-09-30 0.43
2016-06-30 -0.54

*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.
  • Vienna Insurance Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Vienna Insurance Group'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.
Vienna Insurance Group 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.

Past Performance

  How has Vienna Insurance Group 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 Vienna Insurance Group'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.
  • Vienna Insurance Group's year on year earnings growth rate has been positive over the past 5 years.
  • Vienna Insurance Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Vienna Insurance Group's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.
Earnings and Revenue History
Vienna Insurance Group'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 Vienna Insurance Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:VNRG.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 10,051.82 268.62 430.24
2018-12-31 9,971.62 260.62 430.24
2018-09-30 9,818.40 278.24 430.84
2018-06-30 9,775.97 275.77 430.84
2018-03-31 9,663.28 292.18 427.89
2017-12-31 9,661.68 285.72 420.51
2017-09-30 9,650.19 274.11 412.01
2017-06-30 9,448.91 271.78 501.21
2017-03-31 9,376.74 278.71 500.80
2016-12-31 9,288.00 275.90 389.00
2016-09-30 9,274.10 55.51 401.59
2016-06-30 9,255.28 -68.51 398.50
2016-03-31 9,231.18 -55.05 384.07
2015-12-31 9,316.69 -33.93 373.16
2015-09-30 9,228.44 148.48 368.51
2015-06-30 9,324.95 317.88 371.30
2015-03-31 9,447.65 315.58 367.02
2014-12-31 9,474.81 351.80 356.21
2014-09-30 9,727.09 304.65 349.83
2014-06-30 9,683.96 273.15 347.83
2014-03-31 9,827.69 197.23 349.02
2013-12-31 9,807.89 200.41 354.71
2013-09-30 9,934.23 261.28 357.39
2013-06-30 10,085.52 294.51 367.36
2013-03-31 10,181.22 391.64 370.57
2012-12-31 10,340.08 385.52 374.98
2012-09-30 9,920.90 395.22 394.11
2012-06-30 9,792.88 383.23 380.40

*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.
  • Vienna Insurance Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Vienna Insurance Group used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
  • Vienna Insurance Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Vienna Insurance Group'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.
Vienna Insurance Group 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.

Health

 How is Vienna Insurance Group'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 Vienna Insurance Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vienna Insurance Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vienna Insurance Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Vienna Insurance Group'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 3.2x 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 Vienna Insurance Group Company Filings, last reported 2 months ago.

OTCPK:VNRG.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 6,126.00 1,459.00 1,297.00
2018-12-31 5,835.70 4,211.16 1,647.34
2018-09-30 5,813.03 2,595.96 1,312.66
2018-06-30 5,922.95 2,600.64 1,564.80
2018-03-31 6,075.23 2,642.49 1,918.48
2017-12-31 6,043.95 4,140.95 1,808.74
2017-09-30 5,881.86 2,776.18 1,695.71
2017-06-30 5,775.71 2,696.97 1,863.70
2017-03-31 5,783.80 2,312.00 1,637.18
2016-12-31 5,711.26 4,105.74 2,007.29
2016-09-30 5,884.28 2,590.23 1,652.73
2016-06-30 4,665.25 1,512.14 1,400.98
2016-03-31 5,247.15 1,524.21 1,683.87
2015-12-31 4,414.46 1,571.29 1,272.62
2015-09-30 5,091.28 1,566.52 1,375.50
2015-06-30 5,157.39 1,568.98 1,238.80
2015-03-31 5,479.64 1,283.60 1,458.36
2014-12-31 5,283.43 1,349.72 976.87
2014-09-30 5,452.50 1,021.75 1,327.71
2014-06-30 5,251.23 1,022.10 1,111.31
2014-03-31 5,207.39 1,029.65 1,239.77
2013-12-31 4,966.55 1,795.87 1,002.52
2013-09-30 5,143.33 532.97 1,201.01
2013-06-30 5,241.19 532.79 796.36
2013-03-31 5,532.44 537.03 1,541.55
2012-12-31 5,688.61 1,549.86 1,049.40
2012-09-30 5,533.19 537.43 971.89
2012-06-30 5,214.13 1,506.20 1,036.49
  • Vienna Insurance Group's level of debt (23.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (19.8% vs 23.8% today).
  • Debt is well covered by operating cash flow (66.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.1x coverage).
X
Financial health checks
We assess Vienna Insurance Group'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. Vienna Insurance Group has a total score of 4/6, 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.

Dividends

 What is Vienna Insurance Group'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
4.32%
Current annual income from Vienna Insurance Group dividends. Estimated to be 5.03% next year.
If you bought $2,000 of Vienna Insurance Group shares you are expected to receive $86 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?
  • Vienna Insurance Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Vienna Insurance Group's dividend is above the markets top 25% of dividend payers in United States of America (3.73%).
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:VNRG.F 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 6 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 2012 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:VNRG.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.50 1.00
2022-12-31 1.30 2.00
2021-12-31 1.20 6.00
2020-12-31 1.14 7.00
2019-12-31 1.06 7.00
OTCPK:VNRG.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-05-24 1.000 4.423
2018-04-18 0.900 3.856
2018-03-22 0.900 3.370
2017-05-15 0.800 3.114
2016-04-07 0.600 3.045
2016-03-23 0.600 3.210
2015-04-14 1.400 5.077
2014-06-10 1.300 3.422
2013-04-22 1.200 3.178
2013-04-03 1.200 3.190
2012-03-29 1.100 3.264
2012-03-12 1.100 3.268
2011-03-31 1.000 3.062
2010-03-01 0.900 2.381

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

  • Vienna Insurance Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Vienna Insurance Group only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Vienna Insurance Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Vienna Insurance Group'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 Vienna Insurance Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vienna Insurance Group 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.

Management

 What is the CEO of Vienna Insurance Group'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
Elisabeth Stadler
COMPENSATION €1,274,000
AGE 57
TENURE AS CEO 3.4 years
CEO Bio

Prof. Elisabeth Stadler has been the Chairwoman of the Managing Board and Member of the Managing Board at Vienna Insurance Group AG since January 1, 2016 and also serves as its Chief Executive Officer and General Manager. Prof. Stadler has been the Chief Executive Officer of DONAU Versicherung AG Vienna Insurance Group since November 2009. She has been General Manager of DONAU Versicherung AG since September 2014. She served as the Chief Executive Officer of ERGO Austria International AG since November 2009 and served as its Chairman of the Executive Board. She has been First Vice- Chairwoman of the Supervisory Board at VIG RE zajištovna, a.s. since April 28, 2016 and has been its Member of the supervisory board since April 1, 2016. Prof. Stadler serves as Vice Chairman of the Supervisory Board at Ceska podnikatelska pojistovna, a.s., Vienna Insurance Group. She served as Member of Management Board at ERGO Austria International AG. She was made a career in the Austrian insurance industry as a Member and Chairwoman of Managing Boards. She has the Country responsibility at Austria, Czech Republic, Romania, and Ukraine. She was the responsibility of Management of the VIG-Group, strategic questions, European affairs, public relations, Group sponsoring, people management, performance management motor vehicle insurance, Business development, Group IT/SAP Smile Solutions, international processes and methods. She serves as Chairman of the Supervisory Board at Kooperativa pojištovna, a.s., Vienna Insurance Group since April 1, 2016 and serves as its Member of the Supervisory Board. She has been Member of the Supervisory Board at Sparkassen Versicherung AG Vienna Insurance Group since March 31, 2016. She was an Independent Member of Supervisory Board of Oesterreichische Post AG since April 28, 2011. She served as a Member of Supervisory Board at HYPO NOE Gruppe Bank AG since February 04, 2014 until April 17, 2015. Her Supervisory Board mandates inlcludes: Bank Austria Creditanstalt Versicherung AG, VICTORIA zivotno osiguranje d.d. (Kroatien), ERGO Asigurari de ViaNa SA (Rumania), Victoria Volksbanken Pensionskassen AG and Victoria-Volksbanken Versicherungs AG. In May 2014, she was awarded the title of ‘Professor’ for her services to the insurance industry by Federal Minister Gabriele Heinisch-Hosek. She studied Actuarial Mathematics at the Vienna University of Technology.

CEO Compensation
  • Elisabeth's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Elisabeth'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 Vienna Insurance Group management team in years:

3.8
Average Tenure
50
Average Age
  • The tenure for the Vienna Insurance Group management team is about average.
Management Team

Elisabeth Stadler

TITLE
Chairwoman of the Managing Board
COMPENSATION
€1M
AGE
57
TENURE
3.4 yrs

Liane Hirner

TITLE
Member of the Managing Board & CFO
COMPENSATION
€529K
AGE
50
TENURE
0.9 yrs

Franz Fuchs

TITLE
Member of the Managing Board
COMPENSATION
€818K
AGE
65
TENURE
9.7 yrs

Peter Höfinger

TITLE
Member of the Managing Board
COMPENSATION
€818K
AGE
47
TENURE
10.4 yrs

Judit Havasi

TITLE
Member of the Managing Board
COMPENSATION
€818K
AGE
43
TENURE
3.4 yrs

Peter Thirring

TITLE
Member of the Managing Board
COMPENSATION
€543K
AGE
61
TENURE
0.9 yrs

Nina Higatzberger-Schwarz

TITLE
Head of Investor Relations
TENURE
7.4 yrs

Natalia Cadek

TITLE
Group Compliance Officer
TENURE
4.1 yrs

Birgit Moosmann

TITLE
Head of People Management

Wolfgang Petschko

TITLE
Head of International Service Group Corporate & Large Risk-Business Underwriting/Claims
AGE
40
Board of Directors Tenure

Average tenure and age of the Vienna Insurance Group board of directors in years:

3.7
Average Tenure
66
Average Age
  • The tenure for the Vienna Insurance Group board of directors is about average.
Board of Directors

Günter Geyer

TITLE
Chairman of Supervisory Board
AGE
75
TENURE
5 yrs

Rudolf Ertl

TITLE
First Supervisory Board Vice Chairman
AGE
72
TENURE
2.1 yrs

Maria Kubitschek

TITLE
Second Deputy Chairman of the Supervisory Board
AGE
56
TENURE
2.4 yrs

Gertrude Tumpel-Gugerell

TITLE
Member of the Supervisory Board
AGE
66
TENURE
7.1 yrs

Georg Riedl

TITLE
Supervisory Board Member
AGE
59
TENURE
5 yrs

Heinz Öhler

TITLE
Supervisory Board Member
AGE
73
TENURE
17.4 yrs

Martina Dobringer

TITLE
Supervisory Board Member
AGE
71
TENURE
8.1 yrs

Gabriele Semmelrock-Werzer

TITLE
Supervisory Board Member
AGE
60
TENURE
2.1 yrs

Gerhard Fabisch

TITLE
Supervisory Board Member
AGE
58
TENURE
2.1 yrs

Peter Mihók

TITLE
Member of Supervisory Board
TENURE
0.1 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 Vienna Insurance Group'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. Vienna Insurance Group 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.

News

Simply Wall St News

Company Info

Description

Vienna Insurance Group AG provides various insurance products and services. The company offers motor own damage, motor third party liability, other property and casualty, life, and health insurance. It operates in Austria, the Czech Republic, Slovakia, Poland, Romania, the Baltic states, Hungary, Bulgaria, Turkey/Georgie, Albania, Kosovo, Bosnia-Herzegovina, Croatia, Macedonia, Moldova, Serbia, Ukraine, Germany, and Liechtenstein. The company was founded in 1824 and is based in Vienna, Austria.

Details
Name: Vienna Insurance Group AG
VNRG.F
Exchange: OTCPK
Founded: 1824
€3,378,020,976
128,000,000
Website: http://www.vig.com
Address: Vienna Insurance Group AG
Schottenring 30,
Vienna,
Vienna, 1010,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG VIG Ordinary Bearer Shares Wiener Boerse AG AT EUR 20. Jun 2005
OTCPK VNRG.F Ordinary Bearer Shares Pink Sheets LLC US USD 20. Jun 2005
DB WSV2 Ordinary Bearer Shares Deutsche Boerse AG DE EUR 20. Jun 2005
XTRA WSV2 Ordinary Bearer Shares XETRA Trading Platform DE EUR 20. Jun 2005
LSE 0MZX Ordinary Bearer Shares London Stock Exchange GB EUR 20. Jun 2005
SEP VIG Ordinary Bearer Shares The Stock Exchange Prague Co. Ltd. CZ CZK 20. Jun 2005
BATS-CHIXE VIGV Ordinary Bearer Shares BATS 'Chi-X Europe' GB EUR 20. Jun 2005
OTCPK VNRF.Y SPONSORED ADR Pink Sheets LLC US USD 23. Oct 2008
Number of employees
Current staff
Staff numbers
25,000
Vienna Insurance Group employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 00:09
End of day share price update: 2019/05/30 00:00
Last estimates confirmation: 2019/06/12
Last earnings filing: 2019/05/22
Last earnings reported: 2019/03/31
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.