HANNOVER RE |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 230.4 EUR | +1.19% |
|
+0.17% | +6.52% |
| Apr. 17 | HANNOVER RUECKVERSICHERUNG AG : JP Morgan keeps its Buy rating | ZD |
| Apr. 15 | HANNOVER RUECKVERSICHERUNG AG : JP Morgan reaffirms its Buy rating | ZD |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 20,779 | 15,714 | 20,158 | 22,371 | 26,085 | 27,786 | - | - |
| Enterprise Value (EV) 1 | 20,779 | 17,867 | 24,528 | 27,881 | 26,085 | 27,786 | 27,786 | 27,786 |
| P/E ratio | 16.2 x | 17.8 x | 16.4 x | 15.9 x | 14.3 x | 12.6 x | 11.4 x | 10.8 x |
| Yield | 3.19% | 3.45% | 3.44% | - | - | 3.48% | 3.83% | 4.06% |
| Capitalization / Revenue | 0.92 x | 0.63 x | 0.73 x | 0.67 x | - | 1.08 x | 0.94 x | 0.9 x |
| EV / Revenue | 0.92 x | 0.63 x | 0.73 x | 0.67 x | - | 1.08 x | 0.94 x | 0.9 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | 5.21 x | - | - | - | 27.2 x | 26.1 x | 27.2 x |
| FCF Yield | - | 19.2% | - | - | - | 3.67% | 3.84% | 3.67% |
| Price to Book | 1.97 x | 1.43 x | 1.7 x | 2.76 x | - | 2.48 x | 2.22 x | 1.96 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 | 230.4 | 230.4 | 230.4 |
| 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 | - | 25,800 | 29,417 | 30,831 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,853 | 1,214 | 1,735 | 2,087 | 1,971 | 3,172 | 3,477 | 3,604 |
| Operating Margin | 8.2% | 4.9% | 6.25% | 6.27% | - | 12.29% | 11.82% | 11.69% |
| Earnings before Tax (EBT) 1 | 1,766 | 1,124 | 1,652 | 1,996 | 1,854 | 3,047 | 3,312 | 3,546 |
| Net income 1 | 1,284 | 883.1 | 1,231 | 1,407 | 1,825 | 2,213 | 2,428 | 2,576 |
| Net margin | 5.68% | 3.57% | 4.44% | 4.23% | - | 8.58% | 8.25% | 8.36% |
| EPS 2 | 10.65 | 7.320 | 10.21 | 11.66 | 15.13 | 18.32 | 20.16 | 21.35 |
| Free Cash Flow 1 | - | 3,018 | - | - | - | 1,021 | 1,066 | 1,021 |
| FCF margin | - | 12.19% | - | - | - | 3.96% | 3.62% | 3.31% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | 341.79% | - | - | - | 46.13% | 43.91% | 39.63% |
| Dividend per Share 2 | 5.500 | 4.500 | 5.750 | - | - | 8.014 | 8.824 | 9.364 |
| 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 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 1 | 13,146 | 14,465 | 7,155 | 6,143 | 9,333 | 8,009 | 8,909 | 7,024 | 6,570 | 5,702 | 6,242 | - | 6,973 | 6,074 | 6,532 | 6,432 | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 503.5 | 956.1 | 324.5 | 454.2 | 396.4 | 522.9 | 408.9 | 759.3 | 720 | 632 | 484 | 134.4 | 826.6 | 725.6 | 689.3 | 949.6 | - |
| Operating Margin | 3.83% | 6.61% | 4.54% | 7.39% | 4.25% | 6.53% | 4.59% | 10.81% | 10.96% | 11.08% | 7.75% | - | 11.85% | 11.95% | 10.55% | 14.76% | - |
| Earnings before Tax (EBT) | - | - | 303.2 | - | 375.3 | - | 387.4 | 732.2 | - | - | 458 | 109 | - | - | - | - | - |
| Net income 1 | 402.4 | 670.6 | 185.4 | 375.4 | 263.6 | 385.1 | 221.9 | 536.1 | 484 | 476 | 439 | 425.4 | 577.2 | 487.9 | 462.6 | - | - |
| Net margin | 3.06% | 4.64% | 2.59% | 6.11% | 2.82% | 4.81% | 2.49% | 7.63% | 7.37% | 8.35% | 7.03% | - | 8.28% | 8.03% | 7.08% | - | - |
| EPS 2 | 3.340 | 5.560 | 1.540 | 3.110 | 2.190 | 3.190 | 1.840 | 4.450 | 4.020 | 3.940 | 3.640 | 3.530 | 4.727 | 4.068 | 4.125 | 4.947 | - |
| Dividend per Share 2 | - | - | - | 5.750 | - | - | - | - | - | - | - | - | - | - | - | 8.150 | - |
| Announcement Date | 8/5/20 | 8/5/21 | 11/4/21 | 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 | - | - | - | - | - |
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 | - | - | - | 1,021 | 1,066 | 1,021 |
| ROE (net income / shareholders' equity) | 13.3% | 8.2% | 10.8% | 14.1% | - | 20.5% | 19.8% | 18.9% |
| ROA (Net income/ Total Assets) | 1.89% | 1.24% | 1.6% | 1.66% | - | 3.37% | 3.37% | 3.38% |
| Assets 1 | 67,931 | 71,400 | 77,151 | 84,927 | - | 65,634 | 72,064 | 76,147 |
| Book Value Per Share 2 | 87.30 | 91.20 | 98.60 | 67.10 | - | 92.90 | 104.0 | 117.0 |
| 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
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
15
Last Close Price
230.4
EUR
Average target price
239.1
EUR
Spread / Average Target
+3.79%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.52% | 29.66B | |
| +10.24% | 59.05B | |
| +3.14% | 17.78B | |
| +11.78% | 11.55B | |
| +4.14% | 2.05B | |
| -8.29% | 1.52B | |
| +5.54% | 968M | |
| -4.40% | 676M | |
| +39.78% | 618M | |
| +5.52% | 427M |
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