Company Valuation: Münchener Rückversicherungs-Gesellschaft

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 36,496 42,207 50,488 64,152 71,940 64,693 - -
Change - 15.65% 19.62% 27.06% 12.14% -10.07% - -
Enterprise Value (EV) 36,789 40,816 49,606 64,357 73,872 64,693 64,693 64,693
Change - 10.95% 21.54% 29.74% 14.78% -12.43% 0% 0%
P/E 12.4x 12.3x 11.1x 11.4x 11.9x 10x 10x 9.35x
PBR 1.18x 1.99x 1.7x 1.96x 2.16x 1.86x 1.78x 1.68x
PEG - 0.7x 0.3x 0.4x 1.2x 1.13x 32.73x 1.33x
Capitalization / Revenue 0.61x 0.63x 0.72x 0.88x 1x 0.92x 0.92x 0.88x
EV / Revenue 0x 0x 0x 0x 0x 0.92x 0.92x 0.88x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 7.38x 7.62x 7.49x
EV / FCF 0x - 0x 0x 0x 8.09x 7.79x 7.79x
FCF Yield 4.26% - 4.74% 4.41% 6.4% 12.4% 12.8% 12.8%
Dividend per Share 2 11 11.6 15 20 24 25.72 27.58 29.65
Rate of return 4.22% 3.82% 4% 4.11% 4.27% 5% 5.36% 5.76%
EPS 2 20.93 24.63 33.88 42.78 47.1 51.28 51.44 55.06
Distribution rate 52.6% 47.1% 44.3% 46.8% 51% 50.2% 53.6% 53.9%
Net sales 1 59,567 67,133 69,814 72,807 71,631 70,034 70,233 73,421
EBITDA - - - - - - - -
EBIT 1 3,517 3,582 5,702 7,969 8,876 8,769 8,486 8,642
Net income 1 2,933 3,419 4,597 5,671 6,121 6,484 6,325 6,460
Net Debt 293 -1,391 -882 205 1,932 - - -
Reference price 2 260.50 304.00 375.10 487.10 562.20 514.60 514.60 514.60
Nbr of stocks (in thousands) 140,099 138,838 134,600 131,702 127,962 125,715 - -
Announcement Date 2/23/22 2/23/23 2/27/24 2/26/25 2/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.16x - - 5.01% 75.11B
10.88x1.45x - 5.15% 35.16B
7.14x - - 2.22% 14.18B
8.59x - - 0.51% 13.23B
8.88x - - - 2.63B
12.47x - - - 1.07B
6.39x - - 6.01% 888M
7.5x - - 4.56% 817M
Average 9.00x 1.45x 3.91% 17.89B
Weighted average by Cap. 9.85x 1.45x 4.34%

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

  1. Stock Market
  2. Stocks
  3. MUV2 Stock
  4. MURGF Stock
  5. Valuation Münchener Rückversicherungs-Gesellschaft