Company Valuation: Allianz

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 84,816 80,728 94,359 114,196 148,484 166,548 - -
Change - -4.82% 16.88% 21.02% 30.03% 12.17% - -
Enterprise Value (EV) 97,814 97,218 65,149 114,196 169,180 166,548 166,548 166,548
Change - -0.61% -32.99% 75.28% 48.15% -1.56% 0% 0%
P/E 13.1x 12.4x 11.4x 11.8x 14.1x 14.4x 13.4x 12.5x
PBR 1.06x - 1.62x 1.89x 2.37x 2.66x 2.5x 2.35x
PEG - 4.56x 0.4x 0.6x 1.43x 1.3x 1.73x 1.75x
Capitalization / Revenue 0.57x 0.53x 0.58x 0.64x 0.79x 0.89x 0.89x 0.85x
EV / Revenue 0x 0x 0x 0x 0x 0.89x 0.89x 0.85x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 9.01x 8.6x 8.16x
EV / FCF 0x - 0x 0x 0x 16.7x 15.9x 15.9x
FCF Yield 28% - 23.7% 27.5% 21.6% 6% 6.3% 6.3%
Dividend per Share 2 10.8 11.4 13.8 15.4 17.1 18.54 19.76 21.51
Rate of return 5.2% 5.67% 5.7% 5.2% 4.38% 4.17% 4.45% 4.84%
EPS 2 15.83 16.26 21.18 25.18 27.67 30.85 33.24 35.62
Distribution rate 68.2% 70.1% 65.2% 61.2% 61.8% 60.1% 59.5% 60.4%
Net sales 1 148,511 152,671 161,700 179,800 186,938 186,508 187,925 195,868
EBITDA - - 17,018 - - - - -
EBIT 1 13,400 14,164 14,746 16,023 17,374 18,492 19,356 20,414
Net income 1 6,610 6,738 8,541 9,931 10,775 11,707 12,411 13,095
Net Debt 12,998 16,490 -29,210 - 20,696 - - -
Reference price 2 207.65 200.90 241.95 295.90 390.50 444.60 444.60 444.60
Nbr of stocks (in thousands) 408,458 401,834 389,994 385,926 380,240 374,603 - -
Announcement Date 2/17/22 2/17/23 2/23/24 2/28/25 2/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.41x - - 4.17% 192B
12.73x3x10.82x1.17% 132B
15.38x1.84x - 5.47% 110B
20.89x3.61x12.7x2.08% 85.78B
9.64x1.44x - 1.8% 36.85B
-1066x1.19x - 3.89% 25.59B
13.21x - - 2.79% 25.34B
12.57x - - 4.27% 23.11B
8.86x - - 5.34% 18.24B
Average -106.48x 2.22x 11.76x 3.44% 72.07B
Weighted average by Cap. -28.07x 2.54x 11.56x 3.34%

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

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