Logo image of MUV2.DE

MUENCHENER RUECKVER AG-REG (MUV2.DE) Stock Fundamental Analysis

FRA:MUV2 - Deutsche Boerse Ag - DE0008430026 - Common Stock - Currency: EUR

559.2  +7 (+1.27%)

Fundamental Rating

4

Overall MUV2 gets a fundamental rating of 4 out of 10. We evaluated MUV2 against 38 industry peers in the Insurance industry. MUV2 has an excellent profitability rating, but there are concerns on its financial health. MUV2 has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

Quickly go to:

7

1. Profitability

1.1 Basic Checks

In the past year MUV2 was profitable.
MUV2 had a positive operating cash flow in the past year.
MUV2 had positive earnings in each of the past 5 years.
MUV2 had a positive operating cash flow in each of the past 5 years.
MUV2.DE Yearly Net Income VS EBIT VS OCF VS FCFMUV2.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

1.2 Ratios

Looking at the Return On Assets, with a value of 1.98%, MUV2 is in the better half of the industry, outperforming 78.95% of the companies in the same industry.
Looking at the Return On Equity, with a value of 17.42%, MUV2 belongs to the top of the industry, outperforming 81.58% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.18%, MUV2 is in the better half of the industry, outperforming 71.05% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MUV2 is in line with the industry average of 2.19%.
The 3 year average ROIC (1.93%) for MUV2 is below the current ROIC(2.18%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.98%
ROE 17.42%
ROIC 2.18%
ROA(3y)1.88%
ROA(5y)1.4%
ROE(3y)17.52%
ROE(5y)13.23%
ROIC(3y)1.93%
ROIC(5y)1.43%
MUV2.DE Yearly ROA, ROE, ROICMUV2.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

The Profit Margin of MUV2 (9.03%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of MUV2 has grown nicely.
MUV2 has a Operating Margin of 12.57%. This is in the better half of the industry: MUV2 outperforms 63.16% of its industry peers.
MUV2's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 12.57%
PM (TTM) 9.03%
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
MUV2.DE Yearly Profit, Operating, Gross MarginsMUV2.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

More info and screens

3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MUV2 is destroying value.
Compared to 1 year ago, MUV2 has less shares outstanding
Compared to 5 years ago, MUV2 has less shares outstanding
Compared to 1 year ago, MUV2 has a worse debt to assets ratio.
MUV2.DE Yearly Shares OutstandingMUV2.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
MUV2.DE Yearly Total Debt VS Total AssetsMUV2.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100B 200B 300B

2.2 Solvency

MUV2 has a debt to FCF ratio of 2.61. This is a good value and a sign of high solvency as MUV2 would need 2.61 years to pay back of all of its debts.
The Debt to FCF ratio of MUV2 (2.61) is comparable to the rest of the industry.
MUV2 has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
MUV2 has a better Debt to Equity ratio (0.21) than 89.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 2.61
Altman-Z N/A
ROIC/WACC0.32
WACC6.82%
MUV2.DE Yearly LT Debt VS Equity VS FCFMUV2.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 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
MUV2.DE Yearly Current Assets VS Current LiabilitesMUV2.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

More info and screens

3

3. Growth

3.1 Past

MUV2 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -47.55%.
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%.
The Revenue has been decreasing by -0.60% on average over the past years.
EPS 1Y (TTM)-47.55%
EPS 3Y26.82%
EPS 5Y17.67%
EPS Q2Q%-97.46%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y-3.95%
Revenue growth 5Y-0.6%
Sales Q2Q%-3.7%

3.2 Future

The Earnings Per Share is expected to grow by 4.70% on average over the next years.
The Revenue is expected to grow by 7.07% on average over the next years.
EPS Next Y10.82%
EPS Next 2Y9.3%
EPS Next 3Y8.16%
EPS Next 5Y4.7%
Revenue Next Year-0.66%
Revenue Next 2Y1.33%
Revenue Next 3Y2.39%
Revenue Next 5Y7.07%

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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
MUV2.DE Yearly Revenue VS EstimatesMUV2.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20B 40B 60B 80B 100B
MUV2.DE Yearly EPS VS EstimatesMUV2.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 10 20 30 40 50

More info and screens

3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 24.09, MUV2 is valued on the expensive side.
Based on the Price/Earnings ratio, MUV2 is valued more expensive than 81.58% of the companies in the same industry.
When comparing the Price/Earnings ratio of MUV2 to the average of the S&P500 Index (26.73), we can say MUV2 is valued inline with the index average.
MUV2 is valuated reasonably with a Price/Forward Earnings ratio of 10.97.
MUV2's Price/Forward Earnings is on the same level as the industry average.
MUV2's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.61.
Industry RankSector Rank
PE 24.09
Fwd PE 10.97
MUV2.DE Price Earnings VS Forward Price EarningsMUV2.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, MUV2 is valued a bit cheaper than 78.95% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MUV2 indicates a slightly more expensive valuation: MUV2 is more expensive than 76.32% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 25.84
EV/EBITDA 8.86
MUV2.DE Per share dataMUV2.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300 400

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
MUV2 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.23
PEG (5Y)1.36
EPS Next 2Y9.3%
EPS Next 3Y8.16%

More info and screens

4

5. Dividend

5.1 Amount

MUV2 has a Yearly Dividend Yield of 3.29%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.28, MUV2 is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.39, MUV2 pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.29%

5.2 History

On average, the dividend of MUV2 grows each year by 10.15%, which is quite nice.
Dividend Growth(5Y)10.15%
Div Incr Years1
Div Non Decr Years6
MUV2.DE Yearly Dividends per shareMUV2.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 5 10

5.3 Sustainability

MUV2 pays out 35.29% of its income as dividend. This is a sustainable payout ratio.
The dividend of MUV2 is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP35.29%
EPS Next 2Y9.3%
EPS Next 3Y8.16%
MUV2.DE Yearly Income VS Free CF VS DividendMUV2.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B
MUV2.DE Dividend Payout.MUV2.DE Dividend Payout, showing the Payout Ratio.MUV2.DE Dividend Payout.PayoutRetained Earnings

More info and screens

MUENCHENER RUECKVER AG-REG

FRA:MUV2 (8/13/2025, 11:20:56 AM)

559.2

+7 (+1.27%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)08-08 2025-08-08/bmo
Earnings (Next)11-11 2025-11-11
Inst Owners42.33%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap73.06B
Analysts70
Price Target587.45 (5.05%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.29%
Yearly Dividend15.08
Dividend Growth(5Y)10.15%
DP35.29%
Div Incr Years1
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-9.85%
Min EPS beat(2)-19.89%
Max EPS beat(2)0.18%
EPS beat(4)3
Avg EPS beat(4)2.66%
Min EPS beat(4)-19.89%
Max EPS beat(4)24.09%
EPS beat(8)4
Avg EPS beat(8)-0.87%
EPS beat(12)7
Avg EPS beat(12)31.96%
EPS beat(16)10
Avg EPS beat(16)33.08%
Revenue beat(2)1
Avg Revenue beat(2)2.2%
Min Revenue beat(2)-12.05%
Max Revenue beat(2)16.46%
Revenue beat(4)1
Avg Revenue beat(4)-5.19%
Min Revenue beat(4)-16.12%
Max Revenue beat(4)16.46%
Revenue beat(8)1
Avg Revenue beat(8)-7.21%
Revenue beat(12)4
Avg Revenue beat(12)-1.87%
Revenue beat(16)8
Avg Revenue beat(16)3.07%
PT rev (1m)-0.04%
PT rev (3m)0.65%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.91%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.72%
Revenue NY rev (1m)-4.76%
Revenue NY rev (3m)-4.88%
Valuation
Industry RankSector Rank
PE 24.09
Fwd PE 10.97
P/S 1.16
P/FCF 25.84
P/OCF 23.25
P/B 2.24
P/tB 2.58
EV/EBITDA 8.86
EPS(TTM)23.21
EY4.15%
EPS(NY)51
Fwd EY9.12%
FCF(TTM)21.64
FCFY3.87%
OCF(TTM)24.06
OCFY4.3%
SpS481.79
BVpS249.84
TBVpS216.66
PEG (NY)2.23
PEG (5Y)1.36
Profitability
Industry RankSector Rank
ROA 1.98%
ROE 17.42%
ROCE 2.79%
ROIC 2.18%
ROICexc 2.22%
ROICexgc 2.43%
OM 12.57%
PM (TTM) 9.03%
GM N/A
FCFM 4.49%
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-Score7
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 2.61
Debt/EBITDA 0.84
Cap/Depr 84.27%
Cap/Sales 0.5%
Interest Coverage 27.66
Cash Conversion 37.94%
Profit Quality 49.73%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC6.82%
ROIC/WACC0.32
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)-47.55%
EPS 3Y26.82%
EPS 5Y17.67%
EPS Q2Q%-97.46%
EPS Next Y10.82%
EPS Next 2Y9.3%
EPS Next 3Y8.16%
EPS Next 5Y4.7%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y-3.95%
Revenue growth 5Y-0.6%
Sales Q2Q%-3.7%
Revenue Next Year-0.66%
Revenue Next 2Y1.33%
Revenue Next 3Y2.39%
Revenue Next 5Y7.07%
EBIT growth 1Y27.83%
EBIT growth 3Y32.46%
EBIT growth 5Y18.79%
EBIT Next Year11.84%
EBIT Next 3Y7.02%
EBIT Next 5YN/A
FCF growth 1Y28.68%
FCF growth 3Y-18.52%
FCF growth 5Y-21.52%
OCF growth 1Y23.59%
OCF growth 3Y-15.59%
OCF growth 5Y-19.83%