Company Valuation: Hannover Rück SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 20,158 22,371 26,085 29,112 32,099 30,897 - -
Change - 10.98% 16.6% 11.6% 10.26% -3.74% - -
Enterprise Value (EV) 1 24,528 27,881 29,906 29,112 35,190 39,328 39,394 39,464
Change - 13.67% 7.26% -2.65% 20.88% 11.76% 0.17% 0.18%
P/E 16.4x 15.9x 14.3x 12.5x 12.2x 11x 10.8x 10.4x
PBR 1.7x 2.76x 2.58x 2.47x 2.48x 2.18x 2.02x 1.87x
PEG - 1.1x 0.5x 0.5x 0.9x 1.77x 6.51x 2.58x
Capitalization / Revenue 0.73x 0.67x 1.07x 1.1x 1.2x 1.15x 1.1x 1.07x
EV / Revenue 0.88x 0.84x 1.22x 1.1x 1.31x 1.46x 1.41x 1.36x
EV / EBITDA - - - - - - - -
EV / EBIT 14.1x 13.4x 15.2x 8.78x 10x 10.1x 9.98x 9.65x
EV / FCF - - 5.56x - - 36.9x 64.8x 83.3x
FCF Yield - - 18% - - 2.71% 1.54% 1.2%
Dividend per Share 2 5.75 - 7.2 9 12.5 13.01 13.44 14.05
Rate of return 3.44% - 3.33% 3.73% 4.7% 5.08% 5.25% 5.48%
EPS 2 10.21 11.66 15.13 19.31 21.9 23.26 23.65 24.6
Distribution rate 56.3% - 47.6% 46.6% 57.1% 55.9% 56.8% 57.1%
Net sales 1 27,762 33,276 24,456 26,379 26,786 26,866 27,964 28,961
EBITDA - - - - - - - -
EBIT 1 1,735 2,087 1,971 3,318 3,508 3,881 3,947 4,092
Net income 1 1,231 1,407 1,825 2,329 2,642 2,762 2,846 2,969
Net Debt 1 4,370 5,510 3,821 - 3,091 8,431 8,497 8,567
Reference price 2 167.15 185.50 216.30 241.40 266.20 256.20 256.20 256.20
Nbr of stocks (in thousands) 120,597 120,597 120,597 120,597 120,581 120,597 - -
Announcement Date 3/10/22 3/9/23 3/18/24 3/12/25 3/12/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.06x - - 4.98% 75.26B
10.92x1.45x - 5.12% 35.48B
7.05x - - 2.25% 14B
8.59x - - 0.51% 13.23B
9.18x - - - 2.72B
12.74x - - - 1.1B
6.51x - - 5.9% 905M
6.67x - - 3.67% 793M
Average 8.97x 1.45x 3.74% 17.94B
Weighted average by Cap. 9.81x 1.45x 4.32%

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