GENERALI (ASG.DE) Fundamental Analysis & Valuation

FRA:ASG • IT0000062072

33.13 EUR
-0.63 (-1.87%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This ASG.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Taking everything into account, ASG scores 4 out of 10 in our fundamental rating. ASG was compared to 48 industry peers in the Insurance industry. While ASG is still in line with the averages on profitability rating, there are concerns on its financial health. ASG is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. ASG.DE Profitability Analysis

1.1 Basic Checks

  • In the past year ASG was profitable.
  • ASG had a positive operating cash flow in the past year.
  • Each year in the past 5 years ASG has been profitable.
  • In the past 5 years ASG always reported a positive cash flow from operatings.
ASG.DE Yearly Net Income VS EBIT VS OCF VS FCFASG.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

1.2 Ratios

  • ASG has a Return On Assets of 0.71%. This is in the lower half of the industry: ASG underperforms 69.57% of its industry peers.
  • With a Return On Equity value of 12.87%, ASG is not doing good in the industry: 60.87% of the companies in the same industry are doing better.
  • Looking at the Return On Invested Capital, with a value of 0.93%, ASG is in line with its industry, outperforming 52.17% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for ASG is below the industry average of 3.09%.
  • The last Return On Invested Capital (0.93%) for ASG is above the 3 year average (0.73%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.71%
ROE 12.87%
ROIC 0.93%
ROA(3y)0.5%
ROA(5y)0.46%
ROE(3y)9.01%
ROE(5y)8.51%
ROIC(3y)0.73%
ROIC(5y)0.78%
ASG.DE Yearly ROA, ROE, ROICASG.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 7.79%, ASG is doing worse than 63.04% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ASG has grown nicely.
  • The Operating Margin of ASG (15.75%) is better than 76.09% of its industry peers.
  • ASG's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 15.75%
PM (TTM) 7.79%
GM N/A
OM growth 3Y30.49%
OM growth 5Y21.29%
PM growth 3Y44.18%
PM growth 5Y24.82%
GM growth 3YN/A
GM growth 5YN/A
ASG.DE Yearly Profit, Operating, Gross MarginsASG.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. ASG.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ASG is destroying value.
  • Compared to 1 year ago, ASG has less shares outstanding
  • The number of shares outstanding for ASG has been reduced compared to 5 years ago.
  • The debt/assets ratio for ASG is higher compared to a year ago.
ASG.DE Yearly Shares OutstandingASG.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
ASG.DE Yearly Total Debt VS Total AssetsASG.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100B 200B 300B 400B 500B

2.2 Solvency

  • The Debt to FCF ratio of ASG is 2.11, which is a good value as it means it would take ASG, 2.11 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of ASG (2.11) is better than 63.04% of its industry peers.
  • A Debt/Equity ratio of 1.30 is on the high side and indicates that ASG has dependencies on debt financing.
  • ASG has a worse Debt to Equity ratio (1.30) than 78.26% of its industry peers.
  • Although ASG's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. 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 1.3
Debt/FCF 2.11
Altman-Z N/A
ROIC/WACC0.15
WACC6.29%
ASG.DE Yearly LT Debt VS Equity VS FCFASG.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
ASG.DE Yearly Current Assets VS Current LiabilitesASG.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. ASG.DE Growth Analysis

3.1 Past

  • ASG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.60%.
  • The Earnings Per Share has been growing slightly by 7.84% on average over the past years.
  • Looking at the last year, ASG shows a decrease in Revenue. The Revenue has decreased by -9.82% in the last year.
  • The Revenue for ASG have been decreasing by -14.37% on average. This is quite bad
EPS 1Y (TTM)5.6%
EPS 3Y11.24%
EPS 5Y7.84%
EPS Q2Q%133.85%
Revenue 1Y (TTM)-9.82%
Revenue growth 3Y-24.15%
Revenue growth 5Y-14.37%
Sales Q2Q%-2.56%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.91% on average over the next years.
  • ASG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.42% yearly.
EPS Next Y16.28%
EPS Next 2Y13.24%
EPS Next 3Y11.54%
EPS Next 5Y7.91%
Revenue Next Year5.07%
Revenue Next 2Y4.93%
Revenue Next 3Y4.72%
Revenue Next 5Y4.42%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ASG.DE Yearly Revenue VS EstimatesASG.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20B 40B 60B 80B 100B
ASG.DE Yearly EPS VS EstimatesASG.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3 4 5

More info and screens

Find the best growth stocksShow best growing peers

5

4. ASG.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • ASG is valuated correctly with a Price/Earnings ratio of 13.52.
  • ASG's Price/Earnings is on the same level as the industry average.
  • ASG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.29.
  • The Price/Forward Earnings ratio is 10.54, which indicates a very decent valuation of ASG.
  • ASG's Price/Forward Earnings ratio is in line with the industry average.
  • ASG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.57.
Industry RankSector Rank
PE 13.52
Fwd PE 10.54
ASG.DE Price Earnings VS Forward Price EarningsASG.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, ASG is valued cheaper than 97.83% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.8
EV/EBITDA N/A
ASG.DE Per share dataASG.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.83
PEG (5Y)1.73
EPS Next 2Y13.24%
EPS Next 3Y11.54%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. ASG.DE Dividend Analysis

5.1 Amount

  • ASG has a Yearly Dividend Yield of 4.24%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.03, ASG is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.82, ASG pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.24%

5.2 History

  • On average, the dividend of ASG grows each year by 7.30%, which is quite nice.
Dividend Growth(5Y)7.3%
Div Incr Years2
Div Non Decr Years2
ASG.DE Yearly Dividends per shareASG.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • 56.80% of the earnings are spent on dividend by ASG. This is a bit on the high side, but may be sustainable.
  • ASG's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP56.8%
EPS Next 2Y13.24%
EPS Next 3Y11.54%
ASG.DE Yearly Income VS Free CF VS DividendASG.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B
ASG.DE Dividend Payout.ASG.DE Dividend Payout, showing the Payout Ratio.ASG.DE Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

ASG.DE Fundamentals: All Metrics, Ratios and Statistics

GENERALI

FRA:ASG (3/6/2026, 7:00:00 PM)

33.13

-0.63 (-1.87%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)11-13
Earnings (Next)03-12
Inst Owners33.69%
Inst Owner ChangeN/A
Ins Owners16.33%
Ins Owner ChangeN/A
Market Cap51.34B
Revenue(TTM)49.09B
Net Income(TTM)3.82B
Analysts74.07
Price Target36.64 (10.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.24%
Yearly Dividend1.28
Dividend Growth(5Y)7.3%
DP56.8%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.3%
PT rev (3m)10.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.17%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)0.19%
Valuation
Industry RankSector Rank
PE 13.52
Fwd PE 10.54
P/S 1.05
P/FCF 2.8
P/OCF 2.73
P/B 1.73
P/tB 2.87
EV/EBITDA N/A
EPS(TTM)2.45
EY7.4%
EPS(NY)3.14
Fwd EY9.48%
FCF(TTM)11.83
FCFY35.7%
OCF(TTM)12.16
OCFY36.69%
SpS31.68
BVpS19.18
TBVpS11.53
PEG (NY)0.83
PEG (5Y)1.73
Graham Number32.51
Profitability
Industry RankSector Rank
ROA 0.71%
ROE 12.87%
ROCE 1.46%
ROIC 0.93%
ROICexc 0.94%
ROICexgc 0.98%
OM 15.75%
PM (TTM) 7.79%
GM N/A
FCFM 37.34%
ROA(3y)0.5%
ROA(5y)0.46%
ROE(3y)9.01%
ROE(5y)8.51%
ROIC(3y)0.73%
ROIC(5y)0.78%
ROICexc(3y)0.75%
ROICexc(5y)0.8%
ROICexgc(3y)0.78%
ROICexgc(5y)0.83%
ROCE(3y)1.15%
ROCE(5y)1.23%
ROICexgc growth 3Y1.71%
ROICexgc growth 5Y2.91%
ROICexc growth 3Y2.01%
ROICexc growth 5Y3.06%
OM growth 3Y30.49%
OM growth 5Y21.29%
PM growth 3Y44.18%
PM growth 5Y24.82%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 1.3
Debt/FCF 2.11
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 1.03%
Interest Coverage 4.3
Cash Conversion N/A
Profit Quality 479.37%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC6.29%
ROIC/WACC0.15
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)1.1%
Cap/Sales(5y)N/A
Profit Quality(3y)302.85%
Profit Quality(5y)522.49%
High Growth Momentum
Growth
EPS 1Y (TTM)5.6%
EPS 3Y11.24%
EPS 5Y7.84%
EPS Q2Q%133.85%
EPS Next Y16.28%
EPS Next 2Y13.24%
EPS Next 3Y11.54%
EPS Next 5Y7.91%
Revenue 1Y (TTM)-9.82%
Revenue growth 3Y-24.15%
Revenue growth 5Y-14.37%
Sales Q2Q%-2.56%
Revenue Next Year5.07%
Revenue Next 2Y4.93%
Revenue Next 3Y4.72%
Revenue Next 5Y4.42%
EBIT growth 1Y12.12%
EBIT growth 3Y-1.02%
EBIT growth 5Y3.86%
EBIT Next Year1399.42%
EBIT Next 3Y153.35%
EBIT Next 5YN/A
FCF growth 1Y2692.79%
FCF growth 3Y-4.96%
FCF growth 5Y-5.36%
OCF growth 1Y18213.5%
OCF growth 3Y-4.17%
OCF growth 5Y-5.43%

GENERALI / ASG.DE FAQ

What is the ChartMill fundamental rating of GENERALI (ASG.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to ASG.DE.


Can you provide the valuation status for GENERALI?

ChartMill assigns a valuation rating of 5 / 10 to GENERALI (ASG.DE). This can be considered as Fairly Valued.


How profitable is GENERALI (ASG.DE) stock?

GENERALI (ASG.DE) has a profitability rating of 4 / 10.


What is the valuation of GENERALI based on its PE and PB ratios?

The Price/Earnings (PE) ratio for GENERALI (ASG.DE) is 13.52 and the Price/Book (PB) ratio is 1.73.


What is the financial health of GENERALI (ASG.DE) stock?

The financial health rating of GENERALI (ASG.DE) is 3 / 10.