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ALLIANZ SE-REG (1ALV.MI) Stock Fundamental Analysis

BIT:1ALV - Euronext Milan - DE0008404005 - Common Stock - Currency: EUR

336  +2.5 (+0.75%)

Fundamental Rating

5

1ALV gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 40 industry peers in the Insurance industry. 1ALV has an average financial health and profitability rating. 1ALV is not valued too expensively and it also shows a decent growth rate. 1ALV also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

1ALV had positive earnings in the past year.
In the past year 1ALV had a positive cash flow from operations.
1ALV had positive earnings in each of the past 5 years.
Each year in the past 5 years 1ALV had a positive operating cash flow.
1ALV.MI Yearly Net Income VS EBIT VS OCF VS FCF1ALV.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

1.2 Ratios

The Return On Assets of 1ALV (1.41%) is better than 70.00% of its industry peers.
1ALV has a better Return On Equity (24.44%) than 95.00% of its industry peers.
With a Return On Invested Capital value of 0.68%, 1ALV is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for 1ALV is in line with the industry average of 2.11%.
Industry RankSector Rank
ROA 1.41%
ROE 24.44%
ROIC 0.68%
ROA(3y)0.82%
ROA(5y)0.74%
ROE(3y)14.08%
ROE(5y)11.77%
ROIC(3y)1.5%
ROIC(5y)1.33%
1ALV.MI Yearly ROA, ROE, ROIC1ALV.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

1ALV's Profit Margin of 10.07% is in line compared to the rest of the industry. 1ALV outperforms 60.00% of its industry peers.
1ALV's Profit Margin has improved in the last couple of years.
The Operating Margin of 1ALV (6.18%) is worse than 77.50% of its industry peers.
In the last couple of years the Operating Margin of 1ALV has declined.
Industry RankSector Rank
OM 6.18%
PM (TTM) 10.07%
GM N/A
OM growth 3Y-41.86%
OM growth 5Y-34.3%
PM growth 3Y18.21%
PM growth 5Y6.41%
GM growth 3YN/A
GM growth 5YN/A
1ALV.MI Yearly Profit, Operating, Gross Margins1ALV.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 1ALV is destroying value.
1ALV has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, 1ALV has less shares outstanding
Compared to 1 year ago, 1ALV has a worse debt to assets ratio.
1ALV.MI Yearly Shares Outstanding1ALV.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
1ALV.MI Yearly Total Debt VS Total Assets1ALV.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B 800B 1T

2.2 Solvency

Based on the Altman-Z score of 0.27, we must say that 1ALV is in the distress zone and has some risk of bankruptcy.
With an excellent Altman-Z score value of 0.27, 1ALV belongs to the best of the industry, outperforming 82.50% of the companies in the same industry.
1ALV has a debt to FCF ratio of 1.07. This is a very positive value and a sign of high solvency as it would only need 1.07 years to pay back of all of its debts.
1ALV has a Debt to FCF ratio of 1.07. This is amongst the best in the industry. 1ALV outperforms 82.50% of its industry peers.
A Debt/Equity ratio of 0.53 indicates that 1ALV is somewhat dependend on debt financing.
1ALV has a Debt to Equity ratio of 0.53. This is comparable to the rest of the industry: 1ALV outperforms 60.00% of its industry peers.
Although 1ALV does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 1.07
Altman-Z 0.27
ROIC/WACC0.1
WACC6.55%
1ALV.MI Yearly LT Debt VS Equity VS FCF1ALV.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B

2.3 Liquidity

A Current Ratio of 0.04 indicates that 1ALV may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.04, 1ALV is in the better half of the industry, outperforming 72.50% of the companies in the same industry.
1ALV has a Quick Ratio of 0.04. This is a bad value and indicates that 1ALV is not financially healthy enough and could expect problems in meeting its short term obligations.
With a decent Quick ratio value of 0.04, 1ALV is doing good in the industry, outperforming 72.50% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.04
Quick Ratio 0.04
1ALV.MI Yearly Current Assets VS Current Liabilites1ALV.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 13.76% over the past year.
The Earnings Per Share has been growing slightly by 6.23% on average over the past years.
1ALV shows a small growth in Revenue. In the last year, the Revenue has grown by 3.04%.
Measured over the past years, 1ALV shows a decrease in Revenue. The Revenue has been decreasing by -1.94% on average per year.
EPS 1Y (TTM)13.76%
EPS 3Y17.57%
EPS 5Y6.23%
EPS Q2Q%-0.63%
Revenue 1Y (TTM)3.04%
Revenue growth 3Y-3.34%
Revenue growth 5Y-1.94%
Sales Q2Q%6.81%

3.2 Future

The Earnings Per Share is expected to grow by 6.22% on average over the next years.
The Revenue is expected to grow by 21.23% on average over the next years. This is a very strong growth
EPS Next Y10.29%
EPS Next 2Y9.28%
EPS Next 3Y8.91%
EPS Next 5Y6.22%
Revenue Next Year15.43%
Revenue Next 2Y10.63%
Revenue Next 3Y9.36%
Revenue Next 5Y21.23%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
1ALV.MI Yearly Revenue VS Estimates1ALV.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 50B 100B 150B 200B
1ALV.MI Yearly EPS VS Estimates1ALV.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 10 20 30 40

5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 13.20, 1ALV is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of 1ALV is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 26.91. 1ALV is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 11.03, which indicates a very decent valuation of 1ALV.
1ALV's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of 1ALV to the average of the S&P500 Index (21.46), we can say 1ALV is valued slightly cheaper.
Industry RankSector Rank
PE 13.2
Fwd PE 11.03
1ALV.MI Price Earnings VS Forward Price Earnings1ALV.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1ALV is on the same level as its industry peers.
1ALV's Price/Free Cash Flow ratio is rather cheap when compared to the industry. 1ALV is cheaper than 90.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 4.31
EV/EBITDA 11.64
1ALV.MI Per share data1ALV.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

4.3 Compensation for Growth

1ALV's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.28
PEG (5Y)2.12
EPS Next 2Y9.28%
EPS Next 3Y8.91%

7

5. Dividend

5.1 Amount

1ALV has a Yearly Dividend Yield of 4.62%, which is a nice return.
1ALV's Dividend Yield is comparable with the industry average which is at 4.54.
Compared to an average S&P500 Dividend Yield of 2.43, 1ALV pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.62%

5.2 History

The dividend of 1ALV is nicely growing with an annual growth rate of 8.88%!
Dividend Growth(5Y)8.88%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

1ALV pays out 39.04% of its income as dividend. This is a sustainable payout ratio.
1ALV's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP39.04%
EPS Next 2Y9.28%
EPS Next 3Y8.91%
1ALV.MI Yearly Income VS Free CF VS Dividend1ALV.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B
1ALV.MI Dividend Payout.1ALV.MI Dividend Payout, showing the Payout Ratio.1ALV.MI Dividend Payout.PayoutRetained Earnings

ALLIANZ SE-REG

BIT:1ALV (6/23/2025, 7:00:00 PM)

336

+2.5 (+0.75%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)05-15 2025-05-15/bmo
Earnings (Next)08-07 2025-08-07/bmo
Inst Owners35.71%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap129.75B
Analysts72.5
Price Target371.83 (10.66%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.62%
Yearly Dividend14.8
Dividend Growth(5Y)8.88%
DP39.04%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.25%
Min EPS beat(2)-0.73%
Max EPS beat(2)7.24%
EPS beat(4)3
Avg EPS beat(4)4.92%
Min EPS beat(4)-0.73%
Max EPS beat(4)9.18%
EPS beat(8)3
Avg EPS beat(8)-2.18%
EPS beat(12)4
Avg EPS beat(12)-7.41%
EPS beat(16)7
Avg EPS beat(16)-9.56%
Revenue beat(2)2
Avg Revenue beat(2)26.83%
Min Revenue beat(2)10.15%
Max Revenue beat(2)43.51%
Revenue beat(4)4
Avg Revenue beat(4)25.56%
Min Revenue beat(4)10.15%
Max Revenue beat(4)43.51%
Revenue beat(8)7
Avg Revenue beat(8)65.62%
Revenue beat(12)9
Avg Revenue beat(12)50.72%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.86%
PT rev (3m)8.59%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.96%
EPS NY rev (1m)0%
EPS NY rev (3m)0.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.09%
Valuation
Industry RankSector Rank
PE 13.2
Fwd PE 11.03
P/S 0.89
P/FCF 4.31
P/OCF 4.05
P/B 2.15
P/tB 3.15
EV/EBITDA 11.64
EPS(TTM)25.46
EY7.58%
EPS(NY)30.46
Fwd EY9.06%
FCF(TTM)78.01
FCFY23.22%
OCF(TTM)82.97
OCFY24.69%
SpS379.02
BVpS156.12
TBVpS106.59
PEG (NY)1.28
PEG (5Y)2.12
Profitability
Industry RankSector Rank
ROA 1.41%
ROE 24.44%
ROCE 0.88%
ROIC 0.68%
ROICexc 0.7%
ROICexgc 0.87%
OM 6.18%
PM (TTM) 10.07%
GM N/A
FCFM 20.58%
ROA(3y)0.82%
ROA(5y)0.74%
ROE(3y)14.08%
ROE(5y)11.77%
ROIC(3y)1.5%
ROIC(5y)1.33%
ROICexc(3y)1.54%
ROICexc(5y)1.36%
ROICexgc(3y)1.95%
ROICexgc(5y)1.72%
ROCE(3y)1.96%
ROCE(5y)1.74%
ROICexcg growth 3Y-42.34%
ROICexcg growth 5Y-35.41%
ROICexc growth 3Y-41.74%
ROICexc growth 5Y-35.72%
OM growth 3Y-41.86%
OM growth 5Y-34.3%
PM growth 3Y18.21%
PM growth 5Y6.41%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 1.07
Debt/EBITDA 2.88
Cap/Depr 88.9%
Cap/Sales 1.31%
Interest Coverage 5.81
Cash Conversion 286.17%
Profit Quality 204.49%
Current Ratio 0.04
Quick Ratio 0.04
Altman-Z 0.27
F-Score6
WACC6.55%
ROIC/WACC0.1
Cap/Depr(3y)85.78%
Cap/Depr(5y)75.55%
Cap/Sales(3y)1.85%
Cap/Sales(5y)1.64%
Profit Quality(3y)276.66%
Profit Quality(5y)329.2%
High Growth Momentum
Growth
EPS 1Y (TTM)13.76%
EPS 3Y17.57%
EPS 5Y6.23%
EPS Q2Q%-0.63%
EPS Next Y10.29%
EPS Next 2Y9.28%
EPS Next 3Y8.91%
EPS Next 5Y6.22%
Revenue 1Y (TTM)3.04%
Revenue growth 3Y-3.34%
Revenue growth 5Y-1.94%
Sales Q2Q%6.81%
Revenue Next Year15.43%
Revenue Next 2Y10.63%
Revenue Next 3Y9.36%
Revenue Next 5Y21.23%
EBIT growth 1Y-28.58%
EBIT growth 3Y-43.8%
EBIT growth 5Y-35.58%
EBIT Next Year7.31%
EBIT Next 3Y5.78%
EBIT Next 5YN/A
FCF growth 1Y34.65%
FCF growth 3Y8.3%
FCF growth 5Y-2.95%
OCF growth 1Y30.71%
OCF growth 3Y8.44%
OCF growth 5Y-2.47%