Company Valuation: Munich Re

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 34,016 36,496 42,207 50,488 64,152 71,437 - -
Change - 7.29% 15.65% 19.62% 27.06% 11.36% - -
Enterprise Value (EV) 1 33,720 36,789 40,816 49,606 64,357 72,747 71,437 71,437
Change - 9.1% 10.95% 21.54% 29.74% 13.04% -1.8% 0%
P/E ratio 28.1x 12.4x 12.3x 11.1x 11.4x 11.6x 11x 10.4x
PBR 1.14x 1.18x 1.99x 1.7x 1.96x 2.16x 2.03x 1.91x
PEG - 0x 0.7x 0.3x 0.4x 0.9x 1.83x 1.98x
Capitalization / Revenue 0.62x 0.61x 0.63x 0.72x 0.88x 0.96x 0.93x 0.89x
EV / Revenue 0.61x 0.62x 0.61x 0.71x 0.88x 0.98x 0.93x 0.89x
EV / EBITDA - - - - - - - -
EV / EBIT 17x 10.5x 11.4x 8.7x 8.08x 8.25x 8.09x 8.03x
EV / FCF 29.8x 23.6x - 20.7x 22.8x 9.39x 8.93x 8.61x
FCF Yield 3.35% 4.23% - 4.83% 4.39% 10.7% 11.2% 11.6%
Dividend per Share 2 9.8 11 11.6 15 20 22.32 23.74 25.76
Rate of return 4.04% 4.22% 3.82% 4% 4.11% 4% 4.26% 4.62%
EPS 2 8.63 20.93 24.63 33.88 42.78 48.05 50.93 53.61
Distribution rate 114% 52.6% 47.1% 44.3% 46.8% 46.4% 46.6% 48.1%
Net sales 1 54,890 59,567 67,133 69,814 72,807 74,422 77,144 80,640
EBITDA - - - - - - - -
EBIT 1 1,986 3,517 3,582 5,702 7,969 8,819 8,828 8,893
Net income 1 1,211 2,933 3,419 4,597 5,671 6,310 6,479 6,557
Net Debt 1 -296 293 -1,391 -882 205 1,310 - -
Reference price 2 242.80 260.50 304.00 375.10 487.10 557.80 557.80 557.80
Nbr of stocks (in thousands) 140,099 140,099 138,838 134,600 131,702 128,069 - -
Announcement Date 2/25/21 2/23/22 2/23/23 2/27/24 2/26/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.61x0.98x - 4% 84.11B
12.09x1.47x - 4.59% 37.08B
8.57x - - 2.44% 13.74B
5.74x - - 0.56% 12.56B
5.57x1.11x - - 2.73B
8.6x - - 0.39% 794M
10.46x - - 7.09% 788M
Average 8.95x 1.19x 3.18% 21.69B
Weighted average by Cap. 10.83x 1.13x 3.71%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield