Financials Hannover Re London S.E.

Equities

0M9A

DE0008402215

Reinsurance

Real-time Estimate Tradegate 04:24:35 2024-06-21 am EDT 5-day change 1st Jan Change
234.8 EUR +0.02% Intraday chart for Hannover Re +2.00% +8.65%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,779 15,714 20,158 22,371 26,085 28,256 - -
Enterprise Value (EV) 1 20,779 17,867 24,528 27,881 26,085 28,256 28,256 28,256
P/E ratio 16.2 x 17.8 x 16.4 x 15.9 x 14.3 x 12.6 x 11.5 x 10.9 x
Yield 3.19% 3.45% 3.44% - - 3.44% 3.78% 4.01%
Capitalization / Revenue 0.92 x 0.63 x 0.73 x 0.67 x - 1.13 x 1.02 x 0.98 x
EV / Revenue 0.92 x 0.63 x 0.73 x 0.67 x - 1.13 x 1.02 x 0.98 x
EV / EBITDA - - - - - - - -
EV / FCF - 5.21 x - - - 22.4 x 23.8 x 26.7 x
FCF Yield - 19.2% - - - 4.47% 4.2% 3.75%
Price to Book 1.97 x 1.43 x 1.7 x 2.76 x - 2.49 x 2.22 x 1.95 x
Nbr of stocks (in thousands) 120,597 120,597 120,597 120,597 120,597 120,597 - -
Reference price 2 172.3 130.3 167.2 185.5 216.3 234.3 234.3 234.3
Announcement Date 3/11/20 3/11/21 3/10/22 3/9/23 3/18/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 22,598 24,765 27,762 33,276 - 24,930 27,778 28,740
EBITDA - - - - - - - -
EBIT 1 1,853 1,214 1,735 2,087 1,971 3,213 3,466 3,616
Operating Margin 8.2% 4.9% 6.25% 6.27% - 12.89% 12.48% 12.58%
Earnings before Tax (EBT) 1 1,766 1,124 1,652 1,996 1,854 3,071 3,321 3,542
Net income 1 1,284 883.1 1,231 1,407 1,825 2,250 2,438 2,596
Net margin 5.68% 3.57% 4.44% 4.23% - 9.03% 8.78% 9.03%
EPS 2 10.65 7.320 10.21 11.66 15.13 18.66 20.30 21.59
Free Cash Flow 1 - 3,018 - - - 1,262 1,187 1,060
FCF margin - 12.19% - - - 5.06% 4.27% 3.69%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - 341.79% - - - 56.08% 48.68% 40.84%
Dividend per Share 2 5.500 4.500 5.750 - - 8.060 8.860 9.401
Announcement Date 3/11/20 3/11/21 3/10/22 3/9/23 3/18/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 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 2025 Q2
Net sales 1 13,146 14,465 6,143 9,333 8,009 8,909 7,024 6,570 5,702 6,242 - 6,673 5,554 6,107 5,849 - -
EBITDA - - - - - - - - - - - - - - - - -
EBIT 1 503.5 956.1 454.2 396.4 522.9 408.9 759.3 720 632 484 134.4 810.5 768.8 778.4 896.6 - -
Operating Margin 3.83% 6.61% 7.39% 4.25% 6.53% 4.59% 10.81% 10.96% 11.08% 7.75% - 12.15% 13.84% 12.75% 15.33% - -
Earnings before Tax (EBT) 1 - - - 375.3 - 387.4 732.2 - - 458 109 784.6 760 828 781 - -
Net income 1 402.4 670.6 375.4 263.6 385.1 221.9 536.1 484 476 439 425.4 558.1 522.5 530 612.3 - -
Net margin 3.06% 4.64% 6.11% 2.82% 4.81% 2.49% 7.63% 7.37% 8.35% 7.03% - 8.36% 9.41% 8.68% 10.47% - -
EPS 2 3.340 5.560 3.110 2.190 3.190 1.840 4.450 4.020 3.940 3.640 3.530 4.630 4.331 4.495 5.145 - -
Dividend per Share 2 - - 5.750 - - - - - - - - - - - 8.250 - -
Announcement Date 8/5/20 8/5/21 3/10/22 5/4/22 8/4/22 11/3/22 3/9/23 5/11/23 8/9/23 11/9/23 3/18/24 5/14/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - 2,153 4,370 5,510 - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 3,018 - - - 1,262 1,187 1,060
ROE (net income / shareholders' equity) 13.3% 8.2% 10.8% 14.1% - 20.8% 19.8% 18.7%
ROA (Net income/ Total Assets) 1.89% 1.24% 1.6% 1.66% - 3.4% 3.45% 3.61%
Assets 1 67,931 71,400 77,151 84,927 - 66,188 70,668 71,855
Book Value Per Share 2 87.30 91.20 98.60 67.10 - 93.90 105.0 120.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/11/20 3/11/21 3/10/22 3/9/23 3/18/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
15
Last Close Price
234.3 EUR
Average target price
241.9 EUR
Spread / Average Target
+3.23%
Consensus