MUENCHENER RUECKVER AG-REG (MUV2.DE) Stock Fundamental Analysis
Europe - FRA:MUV2 - DE0008430026 - Common Stock
552 EUR
-1 (-0.18%)
Taking everything into account, MUV2 scores 5 out of 10 in our fundamental rating. MUV2 was compared to 40 industry peers in the Insurance industry. MUV2 has an excellent profitability rating, but there are some minor concerns on its financial health. MUV2 has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year MUV2 was profitable.
MUV2 had a positive operating cash flow in the past year.
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
The Return On Assets of MUV2 (2.06%) is better than 82.50% of its industry peers.
With an excellent Return On Equity value of 18.59%, MUV2 belongs to the best of the industry, outperforming 82.50% of the companies in the same industry.
With a decent Return On Invested Capital value of 2.27%, MUV2 is doing good in the industry, outperforming 67.50% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MUV2 is in line with the industry average of 2.35%.
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 has a Profit Margin (9.15%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of MUV2 has grown nicely.
The Operating Margin of MUV2 (12.77%) is comparable to the rest of the industry.
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.
The number of shares outstanding for MUV2 has been reduced compared to 1 year ago.
MUV2 has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, MUV2 has a worse debt to assets ratio.
2.2 Solvency
MUV2 has a debt to FCF ratio of 1.53. This is a very positive value and a sign of high solvency as it would only need 1.53 years to pay back of all of its debts.
MUV2's Debt to FCF ratio of 1.53 is fine compared to the rest of the industry. MUV2 outperforms 72.50% of its industry peers.
MUV2 has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
MUV2 has a Debt to Equity ratio of 0.23. This is amongst the best in the industry. MUV2 outperforms 85.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 1.53 | ||
| Altman-Z | N/A |
ROIC/WACC0.33
WACC6.96%
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%.
MUV2 shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.60% yearly.
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 4.85% on average per year.
Based on estimates for the next years, MUV2 will show a small growth in Revenue. The Revenue will grow by 5.83% on average per year.
EPS Next Y13.96%
EPS Next 2Y9.5%
EPS Next 3Y8.17%
EPS Next 5Y4.85%
Revenue Next Year-3.2%
Revenue Next 2Y0.01%
Revenue Next 3Y1.44%
Revenue Next 5Y5.83%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 14.21, the valuation of MUV2 can be described as correct.
65.00% of the companies in the same industry are cheaper than MUV2, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.86. MUV2 is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 10.78 indicates a reasonable valuation of MUV2.
MUV2's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.32, MUV2 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.21 | ||
| Fwd PE | 10.78 |
4.2 Price Multiples
67.50% of the companies in the same industry are more expensive than MUV2, based on the Enterprise Value to EBITDA ratio.
60.00% of the companies in the same industry are cheaper than MUV2, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.38 | ||
| EV/EBITDA | 9 |
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)1.02
PEG (5Y)0.8
EPS Next 2Y9.5%
EPS Next 3Y8.17%
5. Dividend
5.1 Amount
MUV2 has a Yearly Dividend Yield of 3.62%.
Compared to an average industry Dividend Yield of 4.55, MUV2 is paying slightly less dividend.
MUV2's Dividend Yield is a higher than the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
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.
The dividend of MUV2 is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP45.96%
EPS Next 2Y9.5%
EPS Next 3Y8.17%
FRA:MUV2 (10/3/2025, 7:00:00 PM)
552
-1 (-0.18%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners48.7%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap72.12B
Analysts70
Price Target581.46 (5.34%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
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)-0.08%
PT rev (3m)-1.06%
EPS NQ rev (1m)-1.15%
EPS NQ rev (3m)1.59%
EPS NY rev (1m)1.58%
EPS NY rev (3m)2.84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-16.04%
Revenue NY rev (1m)-1.31%
Revenue NY rev (3m)-7.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.21 | ||
| Fwd PE | 10.78 | ||
| P/S | 1.16 | ||
| P/FCF | 15.38 | ||
| P/OCF | 14.42 | ||
| P/B | 2.36 | ||
| P/tB | 2.72 | ||
| EV/EBITDA | 9 |
EPS(TTM)38.84
EY7.04%
EPS(NY)51.19
Fwd EY9.27%
FCF(TTM)35.88
FCFY6.5%
OCF(TTM)38.29
OCFY6.94%
SpS475.53
BVpS234.08
TBVpS203.29
PEG (NY)1.02
PEG (5Y)0.8
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 | 0.23 | ||
| Debt/FCF | 1.53 | ||
| Debt/EBITDA | 0.87 | ||
| 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
WACC6.96%
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 Y13.96%
EPS Next 2Y9.5%
EPS Next 3Y8.17%
EPS Next 5Y4.85%
Revenue 1Y (TTM)5.38%
Revenue growth 3Y-3.95%
Revenue growth 5Y-0.6%
Sales Q2Q%-1.19%
Revenue Next Year-3.2%
Revenue Next 2Y0.01%
Revenue Next 3Y1.44%
Revenue Next 5Y5.83%
EBIT growth 1Y31.75%
EBIT growth 3Y32.46%
EBIT growth 5Y18.79%
EBIT Next Year9.77%
EBIT Next 3Y6.44%
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%