MUENCHENER RUECKVER AG-REG (MUV2.DE) Stock Fundamental Analysis
FRA:MUV2 - DE0008430026 - Common Stock
539.4 EUR
+10.4 (+1.97%)
MUV2 gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 36 industry peers in the Insurance industry. While MUV2 has a great profitability rating, there are some minor concerns on its financial health. MUV2 has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year MUV2 was profitable.
In the past year MUV2 had a positive cash flow from operations.
Each year in the past 5 years MUV2 has been profitable.
In the past 5 years MUV2 always reported a positive cash flow from operatings.
1.2 Ratios
MUV2 has a better Return On Assets (2.06%) than 80.56% of its industry peers.
MUV2 has a better Return On Equity (18.59%) than 80.56% of its industry peers.
MUV2 has a Return On Invested Capital of 2.27%. This is in the better half of the industry: MUV2 outperforms 66.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MUV2 is in line with the industry average of 2.28%.
The last Return On Invested Capital (2.27%) for MUV2 is above the 3 year average (1.93%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.06% | ||
| ROE | 18.59% | ||
| ROIC | 2.27% |
ROA(3y)1.88%
ROA(5y)1.4%
ROE(3y)17.52%
ROE(5y)13.23%
ROIC(3y)1.93%
ROIC(5y)1.43%
1.3 Margins
MUV2's Profit Margin of 9.15% is in line compared to the rest of the industry. MUV2 outperforms 50.00% of its industry peers.
MUV2's Profit Margin has improved in the last couple of years.
The Operating Margin of MUV2 (12.77%) is better than 63.89% of its industry peers.
In the last couple of years the Operating Margin of MUV2 has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.77% | ||
| PM (TTM) | 9.15% | ||
| GM | N/A |
OM growth 3Y37.9%
OM growth 5Y19.51%
PM growth 3Y29.8%
PM growth 5Y16.55%
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), MUV2 is destroying value.
MUV2 has less shares outstanding than it did 1 year ago.
MUV2 has less shares outstanding than it did 5 years ago.
MUV2 has a worse debt/assets ratio than last year.
2.2 Solvency
MUV2 has a debt to FCF ratio of 1.69. This is a very positive value and a sign of high solvency as it would only need 1.69 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.69, MUV2 is doing good in the industry, outperforming 66.67% of the companies in the same industry.
MUV2 has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.26, MUV2 belongs to the best of the industry, outperforming 86.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 1.69 | ||
| Altman-Z | N/A |
ROIC/WACC0.33
WACC6.91%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MUV2 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -12.23%.
The Earnings Per Share has been growing by 17.67% on average over the past years. This is quite good.
MUV2 shows a small growth in Revenue. In the last year, the Revenue has grown by 5.38%.
Measured over the past years, MUV2 shows a decrease in Revenue. The Revenue has been decreasing by -0.60% on average per year.
EPS 1Y (TTM)-12.23%
EPS 3Y26.82%
EPS 5Y17.67%
EPS Q2Q%30.98%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y-3.95%
Revenue growth 5Y-0.6%
Sales Q2Q%-1.19%
3.2 Future
Based on estimates for the next years, MUV2 will show a small growth in Earnings Per Share. The EPS will grow by 4.45% on average per year.
Based on estimates for the next years, MUV2 will show a small growth in Revenue. The Revenue will grow by 4.39% on average per year.
EPS Next Y12.18%
EPS Next 2Y9.33%
EPS Next 3Y8.07%
EPS Next 5Y4.45%
Revenue Next Year-1.91%
Revenue Next 2Y0.48%
Revenue Next 3Y1.76%
Revenue Next 5Y4.39%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
MUV2 is valuated correctly with a Price/Earnings ratio of 13.89.
Based on the Price/Earnings ratio, MUV2 is valued a bit more expensive than 63.89% of the companies in the same industry.
MUV2 is valuated rather cheaply when we compare the Price/Earnings ratio to 27.03, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 10.57, which indicates a very decent valuation of MUV2.
MUV2's Price/Forward Earnings is on the same level as the industry average.
MUV2 is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.63, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.89 | ||
| Fwd PE | 10.57 |
4.2 Price Multiples
MUV2's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MUV2 is cheaper than 69.44% of the companies in the same industry.
MUV2's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.03 | ||
| EV/EBITDA | 8.73 |
4.3 Compensation for Growth
MUV2's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
MUV2 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.14
PEG (5Y)0.79
EPS Next 2Y9.33%
EPS Next 3Y8.07%
5. Dividend
5.1 Amount
MUV2 has a Yearly Dividend Yield of 3.67%. Purely for dividend investing, there may be better candidates out there.
MUV2's Dividend Yield is slightly below the industry average, which is at 4.47.
MUV2's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.67% |
5.2 History
The dividend of MUV2 is nicely growing with an annual growth rate of 10.15%!
Dividend Growth(5Y)10.15%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
45.96% of the earnings are spent on dividend by MUV2. This is a bit on the high side, but may be sustainable.
MUV2's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP45.96%
EPS Next 2Y9.33%
EPS Next 3Y8.07%
FRA:MUV2 (9/4/2025, 7:00:00 PM)
539.4
+10.4 (+1.97%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners42.33%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap70.47B
Analysts70
Price Target581.91 (7.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.67% |
Yearly Dividend15.08
Dividend Growth(5Y)10.15%
DP45.96%
Div Incr Years1
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.98%
Min EPS beat(2)0.41%
Max EPS beat(2)17.54%
EPS beat(4)3
Avg EPS beat(4)-0.44%
Min EPS beat(4)-19.89%
Max EPS beat(4)17.54%
EPS beat(8)6
Avg EPS beat(8)3.52%
EPS beat(12)8
Avg EPS beat(12)32.92%
EPS beat(16)10
Avg EPS beat(16)27.6%
Revenue beat(2)0
Avg Revenue beat(2)-7.42%
Min Revenue beat(2)-9.44%
Max Revenue beat(2)-5.4%
Revenue beat(4)1
Avg Revenue beat(4)-2.61%
Min Revenue beat(4)-12.05%
Max Revenue beat(4)16.46%
Revenue beat(8)1
Avg Revenue beat(8)-6.88%
Revenue beat(12)3
Avg Revenue beat(12)-3.43%
Revenue beat(16)6
Avg Revenue beat(16)-0.35%
PT rev (1m)-0.62%
PT rev (3m)-1.21%
EPS NQ rev (1m)-2.18%
EPS NQ rev (3m)2.77%
EPS NY rev (1m)1.23%
EPS NY rev (3m)1.23%
Revenue NQ rev (1m)-0.32%
Revenue NQ rev (3m)-16.04%
Revenue NY rev (1m)-1.27%
Revenue NY rev (3m)-5.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.89 | ||
| Fwd PE | 10.57 | ||
| P/S | 1.13 | ||
| P/FCF | 15.03 | ||
| P/OCF | 14.09 | ||
| P/B | 2.3 | ||
| P/tB | 2.65 | ||
| EV/EBITDA | 8.73 |
EPS(TTM)38.84
EY7.2%
EPS(NY)51.02
Fwd EY9.46%
FCF(TTM)35.88
FCFY6.65%
OCF(TTM)38.29
OCFY7.1%
SpS475.53
BVpS234.08
TBVpS203.29
PEG (NY)1.14
PEG (5Y)0.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.06% | ||
| ROE | 18.59% | ||
| ROCE | 2.91% | ||
| ROIC | 2.27% | ||
| ROICexc | 2.31% | ||
| ROICexgc | 2.53% | ||
| OM | 12.77% | ||
| PM (TTM) | 9.15% | ||
| GM | N/A | ||
| FCFM | 7.55% |
ROA(3y)1.88%
ROA(5y)1.4%
ROE(3y)17.52%
ROE(5y)13.23%
ROIC(3y)1.93%
ROIC(5y)1.43%
ROICexc(3y)1.97%
ROICexc(5y)1.47%
ROICexgc(3y)2.15%
ROICexgc(5y)1.61%
ROCE(3y)2.47%
ROCE(5y)1.84%
ROICexcg growth 3Y35.26%
ROICexcg growth 5Y18.43%
ROICexc growth 3Y36.23%
ROICexc growth 5Y18.77%
OM growth 3Y37.9%
OM growth 5Y19.51%
PM growth 3Y29.8%
PM growth 5Y16.55%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 1.69 | ||
| Debt/EBITDA | 0.97 | ||
| Cap/Depr | 112.9% | ||
| Cap/Sales | 0.51% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 60.92% | ||
| Profit Quality | 82.46% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC6.91%
ROIC/WACC0.33
Cap/Depr(3y)68.52%
Cap/Depr(5y)N/A
Cap/Sales(3y)0.57%
Cap/Sales(5y)N/A
Profit Quality(3y)55.2%
Profit Quality(5y)187.98%
High Growth Momentum
Growth
EPS 1Y (TTM)-12.23%
EPS 3Y26.82%
EPS 5Y17.67%
EPS Q2Q%30.98%
EPS Next Y12.18%
EPS Next 2Y9.33%
EPS Next 3Y8.07%
EPS Next 5Y4.45%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y-3.95%
Revenue growth 5Y-0.6%
Sales Q2Q%-1.19%
Revenue Next Year-1.91%
Revenue Next 2Y0.48%
Revenue Next 3Y1.76%
Revenue Next 5Y4.39%
EBIT growth 1Y31.75%
EBIT growth 3Y32.46%
EBIT growth 5Y18.79%
EBIT Next Year11.84%
EBIT Next 3Y7.02%
EBIT Next 5YN/A
FCF growth 1Y61.54%
FCF growth 3Y-18.52%
FCF growth 5Y-21.52%
OCF growth 1Y50.11%
OCF growth 3Y-15.59%
OCF growth 5Y-19.83%