Financials Munich Re

Equities

Market Closed - Xetra Other stock markets 11:35:15 2024-12-10 am EST			Pre-market 02:31:31 am
500.40 ^EUR	-0.64%		496.90	-0.70%

Dec. 10	Former State Secretary Suder to become head of the Post Supervisory Board	RE
Dec. 06	Hannover Re in demand, Munich Re down after study	DP

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	51,457	54,890	59,567	67,133	69,814	73,360	76,559	79,402
Change	-	6.67%	8.52%	12.7%	3.99%	5.08%	4.36%	3.71%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	4,004	1,986	3,517	3,582	5,702	7,418	7,950	8,237
Change	-	-50.4%	77.09%	1.85%	59.18%	30.09%	7.17%	3.61%
Interest Paid ¹	-222	-223	-205	-179	-168	-191.2	-217.5	-220.7
Earnings before Tax (EBT) ¹	3,190	1,480	3,484	3,999	5,533	7,237	7,740	8,063
Change	-	-53.61%	135.41%	14.78%	38.36%	30.8%	6.95%	4.17%
Net income ¹	2,724	1,211	2,933	3,419	4,597	5,510	5,850	6,084
Change	-	-55.54%	142.2%	16.57%	34.45%	19.85%	6.18%	4%
Announcement Date	2/28/20	2/25/21	2/23/22	2/23/23	2/27/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	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	2025 Q2	2025 Q3
Net sales ¹	12,540	14,284	12,827	14,150	13,629	14,551	14,642	15,480	14,894	16,833	15,850	18,228	16,222	18,229	16,799	18,068	16,717	18,981	18,056	18,752	17,808	18,170	18,400	18,223
Change	-	13.91%	-10.2%	10.31%	-3.68%	6.76%	0.63%	5.72%	-3.79%	13.02%	-5.84%	15%	-11.01%	12.37%	-7.84%	7.55%	-7.48%	13.54%	-4.87%	3.85%	-5.03%	2.03%	1.27%	-0.97%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	580	397	755	353	481	798	1,554	204	962	780	763	-346	2,385	1,768	1,573	1,776	585	2,928	2,211	1,194	1,284	2,345	2,262	1,879
Change	-	-31.55%	90.18%	-53.25%	36.26%	65.9%	94.74%	-86.87%	371.57%	-18.92%	-2.18%	-	-	-25.87%	-11.03%	12.91%	-67.06%	400.51%	-24.49%	-46%	7.56%	82.64%	-3.55%	-16.96%
Charge d'intérêts ¹	-	-	-55	-	-59	-	-	-45	-	-	-	-	-	-	-42	-42	-42	-42	-50	-57	-59	-	-	-
Earnings before Tax (EBT) ¹	-	-	-	-	-	703	-	-	-	-	-	603	-	-	1,531	1,734	543	2,886	2,161	1,137	1,434	-	-	-
Change	-	-	-	-	-	-	-100%	-	-	-	-	-	-100%	-	-	13.26%	-68.69%	431.49%	-25.12%	-47.39%	26.12%	-100%	-	-
Net income ¹	216	222	580	202	212	589	1,106	366	868	608	768	527	1,516	1,275	1,153	1,169	1,004	2,140	1,624	930	643.8	-	-	-
Change	-	2.78%	161.26%	-65.17%	4.95%	177.83%	87.78%	-66.91%	137.16%	-29.95%	26.32%	-31.38%	187.67%	-15.9%	-9.57%	1.39%	-14.11%	113.15%	-24.11%	-42.73%	-30.77%	-100%	-	-
Announcement Date	2/28/20	5/7/20	8/6/20	11/5/20	2/25/21	5/6/21	8/10/21	11/9/21	2/23/22	5/10/22	8/9/22	11/8/22	2/23/23	5/17/23	8/10/23	11/8/23	2/27/24	5/8/24	8/8/24	11/7/24	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2021 S1	2023 S1
Net sales	27,122	29,193	-
Change	-	7.64%	-100%
EBITDA	-	-	-
Change	-	-	-
EBIT	1,153	2,352	-
Change	-	103.99%	-100%
Charge d'intérêts ¹	-	-	-84
Earnings before Tax (EBT) ¹	-	-	3,257
Change	-	-	-
Net income ¹	802	-	2,428
Change	-	-100%	-
Announcement Date	8/6/20	8/10/21	8/10/23

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-858	-296	293	-1,391	-882	215	215	-
Change	-	-134.5%	-1.01%	-574.74%	-163.41%	-75.62%	0%	-
Announcement Date	2/28/20	2/25/21	2/23/22	2/23/23	2/27/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2023	2024	2025	2026
CAPEX ¹	-	-	-	307	324	340
Change	-	-	-	-	5.54%	4.94%
Free Cash Flow (FCF) ¹	1,130	1,556	2,395	-	-	-
Change	-	37.7%	-	-100%	-	-
Announcement Date	2/25/21	2/23/22	2/27/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-
EBIT Margin (%)	7.78%	3.62%	5.9%	5.34%	8.17%	10.11%	10.38%	10.37%
EBT Margin (%)	6.2%	2.7%	5.85%	5.96%	7.93%	9.87%	10.11%	10.15%
Net margin (%)	5.29%	2.21%	4.92%	5.09%	6.58%	7.51%	7.64%	7.66%
FCF margin (%)	-	2.06%	2.61%	-	3.43%	-	-	-
FCF / Net Income (%)	-	93.31%	53.05%	-	52.1%	-	-	-
Profitability
ROA	0.98%	0.41%	0.96%	1.12%	1.69%	1.81%	1.64%	1.55%
ROE	9.2%	5.3%	12.6%	13.5%	15.7%	18.02%	17.78%	18.11%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	0.19x	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	0.42%	0.42%	0.43%
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	9.8	9.8	11	11.6	15	16.35	17.6	18.76
Change	-	0%	12.24%	5.45%	29.31%	9%	7.64%	6.58%
Book Value Per Share ¹	215.3	213.4	220	153	220.3	237.9	256.8	281.5
Change	-	-0.9%	3.13%	-30.46%	43.95%	8%	7.95%	9.6%
EPS ¹	18.97	8.63	20.93	24.63	33.88	41.82	45.67	49.13
Change	-	-54.51%	142.53%	17.68%	37.56%	23.43%	9.22%	7.56%
Nbr of stocks (in thousands)	141,470	140,099	140,099	138,838	134,600	131,848	131,848	131,848
Announcement Date	2/28/20	2/25/21	2/23/22	2/23/23	2/27/24	-	-	-