GENERALI (ASG.DE) Stock Fundamental Analysis
FRA:ASG - Deutsche Boerse Ag - IT0000062072 - Common Stock - Currency: EUR
Taking everything into account, ASG scores 4 out of 10 in our fundamental rating. ASG was compared to 33 industry peers in the Insurance industry. ASG has a medium profitability rating, but doesn't score so well on its financial health evaluation. ASG has a correct valuation and a medium growth rate. Finally ASG also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
ASG had positive earnings in the past year.
ASG had a positive operating cash flow in the past year.
ASG had positive earnings in each of the past 5 years.
Each year in the past 5 years ASG had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.69%, ASG is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
ASG has a Return On Equity of 12.25%. This is comparable to the rest of the industry: ASG outperforms 45.45% of its industry peers.
ASG has a Return On Invested Capital of 1.14%. This is comparable to the rest of the industry: ASG outperforms 48.48% of its industry peers.
ASG had an Average Return On Invested Capital over the past 3 years of 1.02%. This is in line with the industry average of 2.22%.
The 3 year average ROIC (1.02%) for ASG is below the current ROIC(1.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 12.25% | ||
| ROIC | 1.14% |
ROA(3y)0.62%
ROA(5y)0.54%
ROE(3y)11.19%
ROE(5y)9.82%
ROIC(3y)1.02%
ROIC(5y)0.99%
1.3 Margins
ASG has a Profit Margin of 6.50%. This is in the lower half of the industry: ASG underperforms 63.64% of its industry peers.
ASG's Profit Margin has improved in the last couple of years.
ASG has a better Operating Margin (14.76%) than 72.73% of its industry peers.
ASG's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.76% | ||
| PM (TTM) | 6.5% | ||
| GM | N/A |
OM growth 3Y22.73%
OM growth 5Y16.91%
PM growth 3Y30.83%
PM growth 5Y17.75%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ASG is destroying value.
ASG has less shares outstanding than it did 1 year ago.
ASG has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, ASG has a worse debt to assets ratio.
2.2 Solvency
ASG has a debt to FCF ratio of 2.50. This is a good value and a sign of high solvency as ASG would need 2.50 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.50, ASG is doing good in the industry, outperforming 63.64% of the companies in the same industry.
A Debt/Equity ratio of 1.24 is on the high side and indicates that ASG has dependencies on debt financing.
The Debt to Equity ratio of ASG (1.24) is worse than 78.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | 2.5 | ||
| Altman-Z | N/A |
ROIC/WACC0.16
WACC7.1%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
ASG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.60%.
Measured over the past 5 years, ASG shows a small growth in Earnings Per Share. The EPS has been growing by 7.84% on average per year.
The Revenue has been growing slightly by 6.77% in the past year.
ASG shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -9.23% yearly.
EPS 1Y (TTM)5.6%
EPS 3Y10.75%
EPS 5Y7.84%
EPS Q2Q%45%
Revenue 1Y (TTM)6.77%
Revenue growth 3Y-16.41%
Revenue growth 5Y-9.23%
Sales Q2Q%11.2%
3.2 Future
Based on estimates for the next years, ASG will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.67% on average per year.
The Revenue is expected to grow by 4.57% on average over the next years.
EPS Next Y13.18%
EPS Next 2Y10.56%
EPS Next 3Y10.28%
EPS Next 5Y8.67%
Revenue Next Year6.01%
Revenue Next 2Y4.98%
Revenue Next 3Y5.41%
Revenue Next 5Y4.57%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
ASG is valuated correctly with a Price/Earnings ratio of 13.11.
60.61% of the companies in the same industry are more expensive than ASG, based on the Price/Earnings ratio.
ASG is valuated cheaply when we compare the Price/Earnings ratio to 27.85, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 11.59 indicates a reasonable valuation of ASG.
The rest of the industry has a similar Price/Forward Earnings ratio as ASG.
ASG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.77.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.11 | ||
| Fwd PE | 11.59 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, ASG is valued cheaply inside the industry as 96.97% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.36 | ||
| 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)1
PEG (5Y)1.67
EPS Next 2Y10.56%
EPS Next 3Y10.28%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.53%, ASG is a good candidate for dividend investing.
ASG's Dividend Yield is comparable with the industry average which is at 4.56.
Compared to an average S&P500 Dividend Yield of 2.45, ASG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.53% |
5.2 History
The dividend of ASG is nicely growing with an annual growth rate of 7.30%!
Dividend Growth(5Y)7.3%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
53.33% of the earnings are spent on dividend by ASG. 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.
DP53.33%
EPS Next 2Y10.56%
EPS Next 3Y10.28%
FRA:ASG (4/30/2025, 7:00:00 PM)
32.13
+0.04 (+0.12%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners33.62%
Inst Owner ChangeN/A
Ins Owners16.85%
Ins Owner ChangeN/A
Market Cap50.43B
Analysts68.15
Price Target30.87 (-3.92%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.53% |
Yearly Dividend1.28
Dividend Growth(5Y)7.3%
DP53.33%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-25.03%
Min EPS beat(2)-39.48%
Max EPS beat(2)-10.58%
EPS beat(4)1
Avg EPS beat(4)-15.42%
Min EPS beat(4)-39.48%
Max EPS beat(4)13.6%
EPS beat(8)3
Avg EPS beat(8)-8.53%
EPS beat(12)3
Avg EPS beat(12)-13.21%
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)3.63%
PT rev (3m)10.62%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.88%
EPS NY rev (1m)-2.97%
EPS NY rev (3m)-1.43%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.19%
Revenue NY rev (3m)-0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.11 | ||
| Fwd PE | 11.59 | ||
| P/S | 0.88 | ||
| P/FCF | 3.36 | ||
| P/OCF | 3.28 | ||
| P/B | 1.66 | ||
| P/tB | 2.72 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.45
EY7.63%
EPS(NY)2.77
Fwd EY8.63%
FCF(TTM)9.56
FCFY29.76%
OCF(TTM)9.8
OCFY30.51%
SpS36.5
BVpS19.36
TBVpS11.81
PEG (NY)1
PEG (5Y)1.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 12.25% | ||
| ROCE | 1.6% | ||
| ROIC | 1.14% | ||
| ROICexc | 1.14% | ||
| ROICexgc | 1.19% | ||
| OM | 14.76% | ||
| PM (TTM) | 6.5% | ||
| GM | N/A | ||
| FCFM | 26.2% |
ROA(3y)0.62%
ROA(5y)0.54%
ROE(3y)11.19%
ROE(5y)9.82%
ROIC(3y)1.02%
ROIC(5y)0.99%
ROICexc(3y)1.04%
ROICexc(5y)1.01%
ROICexgc(3y)1.08%
ROICexgc(5y)1.05%
ROCE(3y)1.44%
ROCE(5y)1.4%
ROICexcg growth 3Y5.43%
ROICexcg growth 5Y5.15%
ROICexc growth 3Y5.74%
ROICexc growth 5Y5.3%
OM growth 3Y22.73%
OM growth 5Y16.91%
PM growth 3Y30.83%
PM growth 5Y17.75%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | 2.5 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 0.66% | ||
| Interest Coverage | 4.13 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 402.93% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC7.1%
ROIC/WACC0.16
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)0.99%
Cap/Sales(5y)N/A
Profit Quality(3y)288.69%
Profit Quality(5y)514%
High Growth Momentum
Growth
EPS 1Y (TTM)5.6%
EPS 3Y10.75%
EPS 5Y7.84%
EPS Q2Q%45%
EPS Next Y13.18%
EPS Next 2Y10.56%
EPS Next 3Y10.28%
EPS Next 5Y8.67%
Revenue 1Y (TTM)6.77%
Revenue growth 3Y-16.41%
Revenue growth 5Y-9.23%
Sales Q2Q%11.2%
Revenue Next Year6.01%
Revenue Next 2Y4.98%
Revenue Next 3Y5.41%
Revenue Next 5Y4.57%
EBIT growth 1Y2.52%
EBIT growth 3Y2.59%
EBIT growth 5Y6.12%
EBIT Next Year1434.03%
EBIT Next 3Y156.59%
EBIT Next 5YN/A
FCF growth 1Y864.95%
FCF growth 3Y-4.96%
FCF growth 5Y-5.36%
OCF growth 1Y788.16%
OCF growth 3Y-4.17%
OCF growth 5Y-5.43%