Financials Swiss Re Ltd Deutsche Boerse AG

Equities

SR9

CH0126881561

Reinsurance

Delayed Deutsche Boerse AG 10:20:52 2019-06-28 am EDT 5-day change 1st Jan Change
89.02 EUR +1.04% Intraday chart for Swiss Re Ltd -.--% -.--%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 32,391 26,351 28,535 27,018 32,620 31,976 - -
Enterprise Value (EV) 1 35,152 32,618 34,669 33,979 37,854 36,571 36,584 31,976
P/E ratio 46.9 x -31.1 x 19.9 x 57.4 x 10.1 x 10.7 x 9.52 x 8.89 x
Yield 5.35% 6.25% 6.44% 6.84% 6.05% 6.71% 7.06% 7.36%
Capitalization / Revenue 0.85 x 0.65 x 0.67 x 0.63 x 0.73 x 0.66 x 0.64 x 0.61 x
EV / Revenue 0.93 x 0.81 x 0.82 x 0.79 x 0.85 x 0.76 x 0.73 x 0.61 x
EV / EBITDA - - - - - - - -
EV / FCF - 10.4 x 8.45 x - - 19.8 x 19.8 x 17.3 x
FCF Yield - 9.57% 11.8% - - 5.06% 5.06% 5.79%
Price to Book 1.11 x 1.01 x 1.21 x 2.13 x 2.02 x 1.87 x 1.7 x 1.55 x
Nbr of stocks (in thousands) 288,829 278,922 288,976 288,953 290,400 290,405 - -
Reference price 2 112.1 94.47 98.74 93.50 112.3 110.1 110.1 110.1
Announcement Date 2/20/20 2/19/21 2/25/22 2/17/23 2/16/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 37,974 40,321 42,467 42,868 44,756 48,336 50,010 52,412
EBITDA - - - - - - - -
EBIT 1 1,498 -502 2,402 1,221 4,994 5,249 5,729 6,030
Operating Margin 3.94% -1.25% 5.66% 2.85% 11.16% 10.86% 11.46% 11.5%
Earnings before Tax (EBT) 1 909 -1,090 1,831 651 4,438 4,613 5,094 5,451
Net income 1 727 -878 1,437 472 3,214 3,727 4,050 4,281
Net margin 1.91% -2.18% 3.38% 1.1% 7.18% 7.71% 8.1% 8.17%
EPS 2 2.390 -3.040 4.970 1.630 11.09 10.33 11.57 12.38
Free Cash Flow 1 - 3,123 4,104 - - 1,850 1,850 1,850
FCF margin - 7.75% 9.66% - - 3.83% 3.7% 3.53%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - 285.59% - - 49.64% 45.68% 43.21%
Dividend per Share 2 5.998 5.900 6.363 6.400 6.800 7.391 7.774 8.102
Announcement Date 2/20/20 2/19/21 2/25/22 2/17/23 2/16/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1
Net sales 1 19,329 - - - 10,517 10,558 10,503 21,061 11,107 10,700 11,016 11,006 22,022 11,510 11,224 11,333 11,248 21,867 12,191 11,499 23,133 -
EBITDA - - - - - - - - - - - - - - - - - - - - - -
EBIT 1 -1,115 - - - 304 -194 715 - -436 1,136 947 1,227 - 1,517 1,303 966.3 1,311 - 1,374 1,405 - -
Operating Margin -5.77% - - - 2.89% -1.84% 6.81% - -3.93% 10.62% 8.6% 11.15% - 13.18% 11.61% 8.53% 11.66% - 11.27% 12.22% - -
Earnings before Tax (EBT) 1 - 323 - 300 170 -328 549 - -590 1,020 807 1,048 - 1,354 1,229 898.5 898.5 2,449 1,408 1,408 2,419 1,035
Net income 1 -1,135 257 1,046 212 179 -248 405 157 -442 757 643 804 1,447 1,019 748 710 710 1,872 1,110 1,110 1,849 817.9
Net margin -5.87% - - - 1.7% -2.35% 3.86% 0.75% -3.98% 7.07% 5.84% 7.31% 6.57% 8.85% 6.66% 6.27% 6.31% 8.56% 9.11% 9.66% 7.99% -
EPS 2 - - 3.470 0.7300 0.5200 -0.8600 1.400 - -1.530 2.620 2.230 2.770 - 3.520 2.570 2.014 2.014 6.231 3.194 3.194 5.794 2.353
Dividend per Share 2 - - - - 6.470 - - - - 6.400 - - - - 6.800 - - - - 7.391 - -
Announcement Date 7/31/20 2/19/21 7/30/21 10/29/21 2/25/22 5/5/22 7/29/22 7/29/22 10/28/22 2/17/23 5/4/23 8/4/23 8/4/23 11/3/23 2/16/24 - - - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,761 6,267 6,134 6,961 5,234 4,596 4,609 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 3,123 4,104 - - 1,850 1,850 1,850
ROE (net income / shareholders' equity) 2.5% -3.1% 5.7% 2.6% 22.3% 20.6% 19.7% 18.4%
ROA (Net income/ Total Assets) 0.33% -0.42% 0.79% 0.27% 1.84% 2% 2.16% 2.1%
Assets 1 223,075 210,602 182,095 176,119 175,121 186,339 187,153 203,858
Book Value Per Share 2 101.0 93.90 81.60 43.90 55.60 58.80 64.60 71.10
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/20/20 2/19/21 2/25/22 2/17/23 2/16/24 - - -
1USD in Million2USD
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
16
Last Close Price
110.1 USD
Average target price
121.7 USD
Spread / Average Target
+10.57%
Consensus