Financials Allianz SE

Equities

ALV

DE0008404005

Multiline Insurance & Brokers

Market Closed - Xetra 11:38:17 2024-05-22 am EDT 5-day change 1st Jan Change
266.6 EUR -0.22% Intraday chart for Allianz SE +0.45% +10.19%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 90,901 82,628 84,816 80,728 94,359 103,473 - -
Enterprise Value (EV) 1 105,718 98,147 97,814 97,218 94,359 117,978 118,804 103,473
P/E ratio 11.6 x 12.3 x 13.1 x 12.4 x 11.4 x 10.6 x 9.89 x 9.3 x
Yield 4.4% 4.78% 5.2% 5.67% 5.7% 5.66% 6.01% 6.47%
Capitalization / Revenue 0.64 x 0.59 x 0.57 x 0.53 x 0.58 x 0.64 x 0.62 x 0.6 x
EV / Revenue 0.74 x 0.7 x 0.66 x 0.64 x 0.58 x 0.73 x 0.72 x 0.6 x
EV / EBITDA 7.59 x - - - - 6.72 x 6.5 x -
EV / FCF - 3.21 x 4.12 x - - 13.7 x 12 x 10.3 x
FCF Yield - 31.2% 24.2% - - 7.29% 8.35% 9.66%
Price to Book 1.23 x 1.02 x 1.06 x - 1.62 x 1.69 x 1.63 x 1.54 x
Nbr of stocks (in thousands) 416,211 411,697 408,458 401,834 389,994 388,119 - -
Reference price 2 218.4 200.7 207.6 200.9 242.0 266.6 266.6 266.6
Announcement Date 2/21/20 2/19/21 2/17/22 2/17/23 2/23/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 142,369 140,455 148,511 152,671 161,700 161,226 165,905 171,302
EBITDA 1 13,923 - - - - 17,546 18,268 -
EBIT 1 11,855 10,751 13,400 14,164 14,746 15,555 16,335 17,009
Operating Margin 8.33% 7.65% 9.02% 9.28% 9.12% 9.65% 9.85% 9.93%
Earnings before Tax (EBT) 1 11,077 9,604 9,520 9,649 11,582 14,162 14,712 15,546
Net income 1 7,914 6,807 6,610 6,738 8,541 9,959 10,479 11,104
Net margin 5.56% 4.85% 4.45% 4.41% 5.28% 6.18% 6.32% 6.48%
EPS 2 18.83 16.32 15.83 16.26 21.18 25.08 26.96 28.68
Free Cash Flow 1 - 30,601 23,713 - - 8,600 9,924 10,000
FCF margin - 21.79% 15.97% - - 5.33% 5.98% 5.84%
FCF Conversion (EBITDA) - - - - - 49.01% 54.33% -
FCF Conversion (Net income) - 449.55% 358.74% - - 86.36% 94.71% 90.06%
Dividend per Share 2 9.600 9.600 10.80 11.40 13.80 15.09 16.03 17.26
Announcement Date 2/21/20 2/19/21 2/17/22 2/17/23 2/23/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales - 73,495 75,749 34,400 38,409 44,038 37,100 34,813 36,692 45,966 - - - - - - - -
EBITDA - - - - - - - - - - - - - - - - - -
EBIT 1 - 4,869 6,655 3,236 3,509 3,238 3,495 3,476 3,955 3,731 3,783 3,468 3,765 3,986 3,996 3,974 4,096 -
Operating Margin - 6.62% 8.79% 9.41% 9.14% 7.35% 9.42% 9.98% 10.78% 8.12% - - - - - - - -
Earnings before Tax (EBT) 1 - 4,124 - 2,950 - 1,042 2,317 - - 2,915 - - - 3,493 3,846 4,043 4,042 4,236
Net income 1 3,805 2,927 - 2,111 -292 561 1,706 2,464 2,007 2,032 2,337 2,060 2,151 2,475 2,466 2,528 2,560 2,726
Net margin - 3.98% - 6.14% -0.76% 1.27% 4.6% 7.08% 5.47% 4.42% - - - - - - - -
EPS 2 - - - 5.010 -0.7200 1.360 3.850 6.020 4.990 5.078 5.500 5.100 5.470 6.310 5.206 6.598 6.743 8.853
Dividend per Share 2 - - - - 10.80 - - - 11.40 - - - 13.80 - - - 15.54 -
Announcement Date 2/21/20 8/5/20 8/6/21 11/10/21 2/17/22 5/12/22 8/5/22 11/9/22 2/17/23 5/12/23 8/10/23 11/10/23 2/23/24 5/15/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 14,817 15,519 12,998 16,490 - 14,505 15,332 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.064 x - - - - 0.8267 x 0.8393 x -
Free Cash Flow 1 - 30,601 23,713 - - 8,600 9,924 10,000
ROE (net income / shareholders' equity) 13.6% 11.4% 8.22% 10.3% 16% 16.2% 16.6% 16.7%
ROA (Net income/ Total Assets) 0.83% 0.66% 0.6% 0.62% 0.89% 1.08% 1% 1.11%
Assets 1 954,644 1,035,600 1,099,724 1,080,500 959,555 922,515 1,045,064 998,100
Book Value Per Share 2 177.0 196.0 196.0 - 149.0 158.0 164.0 173.0
Cash Flow per Share - 77.30 61.00 - - - - -
Capex 1 - 1,448 - - - 1,675 1,744 1,743
Capex / Sales - 1.03% - - - 1.04% 1.05% 1.02%
Announcement Date 2/21/20 2/19/21 2/17/22 2/17/23 2/23/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
266.6 EUR
Average target price
283 EUR
Spread / Average Target
+6.15%
Consensus
  1. Stock Market
  2. Equities
  3. ALV Stock
  4. Financials Allianz SE