Financials Zurich Insurance Group Ltd

Equities

ZURN

CH0011075394

Multiline Insurance & Brokers

Market Closed - Swiss Exchange 11:31:06 2024-02-27 am EST 5-day change 1st Jan Change
465 CHF -0.06% Intraday chart for Zurich Insurance Group Ltd +4.75% +5.78%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 59,012 55,618 59,458 65,589 64,338 66,955 - -
Enterprise Value (EV) 1 63,044 58,781 66,796 71,486 64,338 72,689 75,692 66,955
P/E ratio 14.4 x 15.6 x 12.6 x 15.1 x 16.8 x 12.6 x 12.3 x 11.8 x
Yield 5.04% 5.35% 5.17% 4.99% - 5.89% 6.3% 6.43%
Capitalization / Revenue 1.2 x 1.24 x 1.15 x 1.21 x - 1.28 x 1.23 x -
EV / Revenue 1.28 x 1.31 x 1.3 x 1.32 x - 1.39 x 1.39 x -
EV / EBITDA - - - - - - - -
EV / FCF - 12.5 x 27.4 x 17.2 x - 15 x 15.1 x 12.9 x
FCF Yield - 8.02% 3.65% 5.8% - 6.67% 6.64% 7.77%
Price to Book 1.72 x 1.58 x 1.66 x 2.66 x - 3 x 2.72 x 2.6 x
Nbr of stocks (in thousands) 148,608 148,910 148,496 148,291 146,356 143,990 - -
Reference price 2 397.1 373.5 400.4 442.3 439.6 465.0 465.0 465.0
Announcement Date 2/13/20 2/10/21 2/10/22 2/9/23 2/22/24 - - -
1CHF in Million2CHF
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 49,350 44,995 51,493 54,135 - 52,393 54,289 -
EBITDA - - - - - - - -
EBIT 1 5,179 3,775 5,301 5,934 - 6,746 7,217 7,544
Operating Margin 10.49% 8.39% 10.29% 10.96% - 12.88% 13.29% -
Earnings before Tax (EBT) 1 5,958 4,802 6,759 5,485 5,694 7,540 7,457 8,067
Net income 1 4,051 3,412 4,802 4,234 3,836 5,206 5,322 5,547
Net margin 8.21% 7.58% 9.33% 7.82% - 9.94% 9.8% -
EPS 2 27.51 23.98 31.68 29.36 26.21 36.77 37.76 39.39
Free Cash Flow 1 - 4,715 2,440 4,146 - 4,849 5,026 5,202
FCF margin - 10.48% 4.74% 7.66% - 9.26% 9.26% -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - 138.17% 50.81% 97.91% - 93.14% 94.43% 93.78%
Dividend per Share 2 20.00 20.00 20.72 22.08 - 27.39 29.31 29.92
Announcement Date 2/13/20 2/10/21 2/10/22 2/9/23 2/22/24 - - -
1CHF in Million2CHF
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1
Net sales 1 23,431 23,899
EBITDA - -
EBIT 1 2,429 1,548
Operating Margin 10.37% 6.48%
Earnings before Tax (EBT) 1 - 1,497
Net income 1 2,057 1,074
Net margin 8.78% 4.5%
EPS 2 - 7.630
Dividend per Share - -
Announcement Date 2/13/20 8/13/20
1CHF in Million2CHF
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,031 3,163 7,338 5,897 - 5,734 8,737 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 4,715 2,440 4,146 - 4,849 5,026 5,202
ROE (net income / shareholders' equity) 12.7% 10.5% 13.7% 14.3% - 23.5% 21.9% 21%
ROA (Net income/ Total Assets) 1.04% 0.91% 1.19% 1.13% - 1.49% 1.47% 1.54%
Assets 1 390,719 375,601 403,944 374,224 - 350,352 362,282 361,264
Book Value Per Share 2 231.0 236.0 241.0 166.0 - 155.0 171.0 179.0
Cash Flow per Share - - - - - - - -
Capex 1 - 505 542 526 - 462 471 479
Capex / Sales - 1.12% 1.05% 0.97% - 0.88% 0.87% -
Announcement Date 2/13/20 2/10/21 2/10/22 2/9/23 2/22/24 - - -
1CHF in Million2CHF
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
465 CHF
Average target price
444.7 CHF
Spread / Average Target
-4.36%
Consensus
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