GENERALI (ASG.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:ASG - IT0000062072 - Common Stock
33.81 EUR
+0.08 (+0.24%)
ASG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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 has a valuation in line with the averages, but it does not seem to be growing. ASG also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- ASG had positive earnings in the past year.
- In the past year ASG had a positive cash flow from operations.
- In the past 5 years ASG has always been profitable.
- ASG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- ASG has a worse Return On Assets (0.71%) than 70.83% of its industry peers.
- The Return On Equity of ASG (12.87%) is comparable to the rest of the industry.
- Looking at the Return On Invested Capital, with a value of 0.93%, ASG is in line with its industry, outperforming 47.92% 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 2.74%.
- The 3 year average ROIC (0.73%) for ASG is below the current ROIC(0.93%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- Looking at the Profit Margin, with a value of 7.79%, ASG is doing worse than 64.58% of the companies in the same industry.
- ASG's Profit Margin has improved in the last couple of years.
- With a decent Operating Margin value of 15.75%, ASG is doing good in the industry, outperforming 70.83% of the companies in the same industry.
- In the last couple of years the Operating Margin of ASG has grown nicely.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ASG is destroying value.
- Compared to 1 year ago, ASG has less shares outstanding
- Compared to 5 years ago, ASG has less shares outstanding
- ASG has a worse debt/assets ratio than last year.
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.
- ASG has a Debt to FCF ratio (2.11) which is in line with its industry peers.
- ASG has a Debt/Equity ratio of 1.30. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.30, ASG is doing worse than 81.25% of the companies in the same industry.
- Even though the debt/equity ratio score it not favorable for ASG, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | 2.11 | ||
| Altman-Z | N/A |
ROIC/WACC0.15
WACC6.3%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 5.60% over the past year.
- ASG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.84% yearly.
- The Revenue has decreased by -9.82% in the past year.
- ASG shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -14.37% yearly.
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 7.56% 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 3.93% yearly.
EPS Next Y16.28%
EPS Next 2Y13.24%
EPS Next 3Y11.54%
EPS Next 5Y7.56%
Revenue Next Year4.89%
Revenue Next 2Y4.77%
Revenue Next 3Y4.56%
Revenue Next 5Y3.93%
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.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 13.80 indicates a correct valuation of ASG.
- Compared to the rest of the industry, the Price/Earnings ratio of ASG is on the same level as its industry peers.
- ASG is valuated cheaply when we compare the Price/Earnings ratio to 28.39, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 10.76, the valuation of ASG can be described as reasonable.
- ASG's Price/Forward Earnings is on the same level as the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.72, ASG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.8 | ||
| Fwd PE | 10.76 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, ASG is valued cheaply inside the industry as 95.83% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.86 | ||
| EV/EBITDA | N/A |
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)0.85
PEG (5Y)1.76
EPS Next 2Y13.24%
EPS Next 3Y11.54%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.24%, ASG is a good candidate for dividend investing.
- ASG's Dividend Yield is comparable with the industry average which is at 4.17.
- ASG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector 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
5.3 Sustainability
- ASG pays out 56.80% of its income as dividend. This is a bit on the high side, but may be sustainable.
- The dividend of ASG is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP56.8%
EPS Next 2Y13.24%
EPS Next 3Y11.54%
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 5 / 10.
What is the valuation of GENERALI based on its PE and PB ratios?
The Price/Earnings (PE) ratio for GENERALI (ASG.DE) is 13.8 and the Price/Book (PB) ratio is 1.76.
What is the financial health of GENERALI (ASG.DE) stock?
The financial health rating of GENERALI (ASG.DE) is 2 / 10.