ASSURANT INC - AIZ 5 1/4 01/15/61 (AIZN) Stock Fundamental Analysis
NYSE:AIZN - New York Stock Exchange, Inc. - US04621X3061 - Currency: USD
Overall AIZN gets a fundamental rating of 5 out of 10. We evaluated AIZN against 143 industry peers in the Insurance industry. There are concerns on the financial health of AIZN while its profitability can be described as average. AIZN may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year AIZN was profitable.
In the past year AIZN had a positive cash flow from operations.
Each year in the past 5 years AIZN has been profitable.
In the past 5 years AIZN always reported a positive cash flow from operatings.
1.2 Ratios
AIZN has a Return On Assets (1.92%) which is comparable to the rest of the industry.
With a decent Return On Equity value of 12.81%, AIZN is doing good in the industry, outperforming 62.94% of the companies in the same industry.
The Return On Invested Capital of AIZN (2.71%) is comparable to the rest of the industry.
AIZN had an Average Return On Invested Capital over the past 3 years of 2.34%. This is in line with the industry average of 4.08%.
The last Return On Invested Capital (2.71%) for AIZN is above the 3 year average (2.34%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.92% | ||
| ROE | 12.81% | ||
| ROIC | 2.71% |
ROA(3y)1.64%
ROA(5y)1.97%
ROE(3y)11.6%
ROE(5y)13.34%
ROIC(3y)2.34%
ROIC(5y)2.2%
1.3 Margins
Looking at the Profit Margin, with a value of 5.55%, AIZN is in line with its industry, outperforming 43.36% of the companies in the same industry.
In the last couple of years the Profit Margin of AIZN has grown nicely.
AIZN has a Operating Margin (7.83%) which is comparable to the rest of the industry.
AIZN's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.83% | ||
| PM (TTM) | 5.55% | ||
| GM | N/A |
OM growth 3Y0.17%
OM growth 5Y3.56%
PM growth 3Y-21.67%
PM growth 5Y10.86%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
AIZN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
AIZN has less shares outstanding than it did 1 year ago.
AIZN has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, AIZN has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of AIZN is 1.47, which is an excellent value as it means it would take AIZN, only 1.47 years of fcf income to pay off all of its debts.
AIZN has a Debt to FCF ratio of 1.47. This is comparable to the rest of the industry: AIZN outperforms 51.75% of its industry peers.
A Debt/Equity ratio of 0.40 indicates that AIZN is not too dependend on debt financing.
AIZN has a Debt to Equity ratio (0.40) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 1.47 | ||
| Altman-Z | N/A |
ROIC/WACC0.41
WACC6.54%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
AIZN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.00%.
Measured over the past years, AIZN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.42% on average per year.
AIZN shows a small growth in Revenue. In the last year, the Revenue has grown by 6.18%.
AIZN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.52% yearly.
EPS 1Y (TTM)-13%
EPS 3Y18.92%
EPS 5Y14.42%
EPS Q2Q%-29.08%
Revenue 1Y (TTM)6.18%
Revenue growth 3Y5.25%
Revenue growth 5Y4.52%
Sales Q2Q%6.44%
3.2 Future
Based on estimates for the next years, AIZN will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.12% on average per year.
AIZN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.50% yearly.
EPS Next Y-0.2%
EPS Next 2Y8.71%
EPS Next 3Y8.12%
EPS Next 5YN/A
Revenue Next Year5.73%
Revenue Next 2Y5.12%
Revenue Next 3Y4.5%
Revenue Next 5YN/A
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 decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
AIZN is valuated cheaply with a Price/Earnings ratio of 1.29.
Based on the Price/Earnings ratio, AIZN is valued cheaper than 94.41% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.69, AIZN is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 1.00, the valuation of AIZN can be described as very cheap.
Based on the Price/Forward Earnings ratio, AIZN is valued cheaper than 95.10% of the companies in the same industry.
AIZN is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.36, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.29 | ||
| Fwd PE | 1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AIZN is valued cheaper than 97.90% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AIZN indicates a rather cheap valuation: AIZN is cheaper than 96.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 0.7 | ||
| EV/EBITDA | 1.21 |
4.3 Compensation for Growth
AIZN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.09
EPS Next 2Y8.71%
EPS Next 3Y8.12%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.70%, AIZN has a reasonable but not impressive dividend return.
AIZN's Dividend Yield is comparable with the industry average which is at 3.38.
AIZN's Dividend Yield is slightly below the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.7% |
5.2 History
The dividend of AIZN has a limited annual growth rate of 1.71%.
AIZN has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)1.71%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
AIZN pays out 23.78% of its income as dividend. This is a sustainable payout ratio.
The dividend of AIZN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP23.78%
EPS Next 2Y8.71%
EPS Next 3Y8.12%
19.68
-0.22 (-1.11%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners98.9%
Inst Owner ChangeN/A
Ins Owners0.59%
Ins Owner ChangeN/A
Market Cap997.78M
Analysts78.33
Price Target25.64 (30.28%)
Short Float %0%
Short Ratio0.06
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.7% |
Yearly Dividend3.03
Dividend Growth(5Y)1.71%
DP23.78%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.39%
Min EPS beat(2)14.79%
Max EPS beat(2)21.99%
EPS beat(4)4
Avg EPS beat(4)16.54%
Min EPS beat(4)11.59%
Max EPS beat(4)21.99%
EPS beat(8)8
Avg EPS beat(8)28.11%
EPS beat(12)10
Avg EPS beat(12)19.79%
EPS beat(16)13
Avg EPS beat(16)16.55%
Revenue beat(2)1
Avg Revenue beat(2)-0.08%
Min Revenue beat(2)-1.09%
Max Revenue beat(2)0.94%
Revenue beat(4)2
Avg Revenue beat(4)-0.03%
Min Revenue beat(4)-1.09%
Max Revenue beat(4)0.94%
Revenue beat(8)6
Avg Revenue beat(8)1.25%
Revenue beat(12)8
Avg Revenue beat(12)0.26%
Revenue beat(16)10
Avg Revenue beat(16)0.28%
PT rev (1m)10.83%
PT rev (3m)18.01%
EPS NQ rev (1m)-0.38%
EPS NQ rev (3m)-2.19%
EPS NY rev (1m)0.03%
EPS NY rev (3m)3.31%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.29 | ||
| Fwd PE | 1 | ||
| P/S | 0.08 | ||
| P/FCF | 0.7 | ||
| P/OCF | 0.61 | ||
| P/B | 0.19 | ||
| P/tB | 0.48 | ||
| EV/EBITDA | 1.21 |
EPS(TTM)15.26
EY77.54%
EPS(NY)19.68
Fwd EY99.99%
FCF(TTM)27.98
FCFY142.19%
OCF(TTM)32.4
OCFY164.63%
SpS238.15
BVpS103.24
TBVpS40.65
PEG (NY)N/A
PEG (5Y)0.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.92% | ||
| ROE | 12.81% | ||
| ROCE | 3.35% | ||
| ROIC | 2.71% | ||
| ROICexc | 2.88% | ||
| ROICexgc | 5.13% | ||
| OM | 7.83% | ||
| PM (TTM) | 5.55% | ||
| GM | N/A | ||
| FCFM | 11.75% |
ROA(3y)1.64%
ROA(5y)1.97%
ROE(3y)11.6%
ROE(5y)13.34%
ROIC(3y)2.34%
ROIC(5y)2.2%
ROICexc(3y)2.49%
ROICexc(5y)2.35%
ROICexgc(3y)4.34%
ROICexgc(5y)4.11%
ROCE(3y)2.9%
ROCE(5y)2.73%
ROICexcg growth 3Y6.82%
ROICexcg growth 5Y13.88%
ROICexc growth 3Y4.87%
ROICexc growth 5Y15.01%
OM growth 3Y0.17%
OM growth 5Y3.56%
PM growth 3Y-21.67%
PM growth 5Y10.86%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 1.47 | ||
| Debt/EBITDA | 1.77 | ||
| Cap/Depr | 97.52% | ||
| Cap/Sales | 1.85% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 139.82% | ||
| Profit Quality | 211.62% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC6.54%
ROIC/WACC0.41
Cap/Depr(3y)101.5%
Cap/Depr(5y)99.54%
Cap/Sales(3y)1.84%
Cap/Sales(5y)1.72%
Profit Quality(3y)146.68%
Profit Quality(5y)154.63%
High Growth Momentum
Growth
EPS 1Y (TTM)-13%
EPS 3Y18.92%
EPS 5Y14.42%
EPS Q2Q%-29.08%
EPS Next Y-0.2%
EPS Next 2Y8.71%
EPS Next 3Y8.12%
EPS Next 5YN/A
Revenue 1Y (TTM)6.18%
Revenue growth 3Y5.25%
Revenue growth 5Y4.52%
Sales Q2Q%6.44%
Revenue Next Year5.73%
Revenue Next 2Y5.12%
Revenue Next 3Y4.5%
Revenue Next 5YN/A
EBIT growth 1Y-12.59%
EBIT growth 3Y5.43%
EBIT growth 5Y8.24%
EBIT Next Year16.38%
EBIT Next 3Y12.28%
EBIT Next 5YN/A
FCF growth 1Y21.88%
FCF growth 3Y23.2%
FCF growth 5Y-3.13%
OCF growth 1Y20.99%
OCF growth 3Y19.46%
OCF growth 5Y-1.17%