Financials ASR Nederland N.V.

Equities

ASRNL

NL0011872643

Multiline Insurance & Brokers

Market Closed - Euronext Amsterdam 11:35:14 2024-02-22 am EST After market 03:33:38 pm
43.13 EUR +0.16% Intraday chart for ASR Nederland N.V. 43.32 +0.45%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 4,876 4,704 4,548 5,378 6,468 8,998 8,998 -
Enterprise Value (EV) 1 4,316 8,356 4,548 5,378 6,468 8,998 8,998 8,998
P/E ratio 7.99 x 5.16 x 7.5 x 6.17 x - 10.2 x 7.93 x 7.15 x
Yield 5.03% 5.7% 6.21% 5.98% - 6.77% 7.32% 7.9%
Capitalization / Revenue 1.09 x 1.01 x 0.86 x 0.92 x 1.07 x 1.19 x 1.04 x 1 x
EV / Revenue 1.09 x 1.01 x 0.86 x 0.92 x 1.07 x 1.19 x 1.04 x 1 x
EV / EBITDA 6,466,551 x 2,901,767 x 4,053,514 x 4,546,106 x - - - -
EV / FCF 6.64 x -6.15 x 13.4 x -28.6 x - 9.78 x 8.11 x 7.89 x
FCF Yield 15.1% -16.3% 7.48% -3.5% - 10.2% 12.3% 12.7%
Price to Book 1.09 x 0.92 x 0.72 x 0.75 x - 1.07 x 1.02 x 0.97 x
Nbr of stocks (in thousands) 141,000 141,000 138,449 132,791 145,831 208,967 208,967 -
Reference price 2 34.58 33.36 32.85 40.50 44.35 43.06 43.06 43.06
Announcement Date 2/20/19 2/19/20 2/18/21 2/23/22 2/22/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 4,459 4,666 5,276 5,859 6,041 7,545 8,660 9,038
EBITDA 754 1,621 1,122 1,183 - - - -
EBIT 1 742 858 885 1,021 - 1,138 1,598 1,706
Operating Margin 16.64% 18.39% 16.77% 17.43% - 15.08% 18.45% 18.87%
Earnings before Tax (EBT) 1 904 1,210 829 1,209 929 1,117 1,593 1,729
Net income 1 655 912 657 939 733 852.3 1,186 1,203
Net margin 14.69% 19.55% 12.45% 16.03% 12.13% 11.3% 13.7% 13.31%
EPS 2 4.330 6.470 4.380 6.560 - 4.215 5.432 6.026
Free Cash Flow 1 734 -765 340 -188 - 920 1,110 1,140
FCF margin 16.46% -16.4% 6.44% -3.21% - 12.19% 12.82% 12.61%
FCF Conversion (EBITDA) 97.35% - 30.3% - - - - -
FCF Conversion (Net income) 112.06% - 51.75% - - 107.94% 93.57% 94.78%
Dividend per Share 2 1.740 1.900 2.040 2.420 - 2.915 3.150 3.402
Announcement Date 2/20/19 2/19/20 2/18/21 2/23/22 2/22/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2
Net sales 1 2,576 2,090 2,978 2,298 3,344 2,515 3,454 2,587
EBITDA - - - - - - - -
EBIT 459 399 446 - 536 485 554 -
Operating Margin 17.82% 19.09% 14.98% - 16.03% 19.28% 16.04% -
Earnings before Tax (EBT) 1 680 530 296 533 574 635 554 375
Net income 1 540 372 233 424 454 485 442 291
Net margin 20.96% 17.8% 7.82% 18.45% 13.58% 19.28% 12.8% 11.25%
EPS 3.510 2.680 1.590 2.790 2.850 3.710 2.800 -
Dividend per Share 0.7000 1.200 0.7600 1.280 0.8200 1.600 0.9800 -
Announcement Date 8/23/19 2/19/20 8/26/20 2/18/21 8/25/21 2/23/22 8/24/22 2/22/23
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - 3,652 - - - - - -
Net Cash position 560 - - - - - - -
Leverage (Debt/EBITDA) - 2.253 x - - - - - -
Free Cash Flow 1 734 -765 340 -188 - 920 1,110 1,140
ROE (net income / shareholders' equity) 14.2% 19.1% 11.7% 15.3% - 11.7% 12.9% 13.8%
ROA (Net income/ Total Assets) 0.96% 1.42% 0.9% 0.96% - 0.81% 0.81% 0.86%
Assets 1 68,236 64,225 73,408 97,813 - 104,963 146,636 140,180
Book Value Per Share 2 31.80 36.10 45.80 54.20 - 40.10 42.20 44.60
Cash Flow per Share - - 2.210 1.250 - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/20/19 2/19/20 2/18/21 2/23/22 2/22/23 - - -
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
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
43.06 EUR
Average target price
52.2 EUR
Spread / Average Target
+21.22%
Consensus
+229% on MICROSOFT CORPORATION since our purchase on January 11, 2019
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