Company Valuation: Swiss Re AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,532 27,024 32,611 42,194 49,555 51,198 - -
Change - -5.28% 20.67% 29.39% 17.44% 3.32% - -
Enterprise Value (EV) 34,666 33,985 37,845 45,322 55,349 51,198 51,198 51,198
Change - -1.96% 11.36% 19.76% 22.12% -7.5% 0% 0%
P/E 19.9x 57.4x 10.1x 13.3x 10.7x 10.6x 11.1x 10.5x
PBR 1.21x 2.13x 2.02x 1.94x 1.97x 1.94x 1.82x 1.71x
PEG - -0.9x 0x -7.02x 0.2x 2.28x -2.38x 1.75x
Capitalization / Revenue 0.67x 0.63x 0.73x 0.93x 1.15x 1.2x 1.19x 1.15x
EV / Revenue 0x 0x 0x 0x 0x 1.2x 1.19x 1.15x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 7.51x 8.39x 8.74x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 6.363 6.4 6.8 6.8 7.35 8.616 9.297 9.917
Rate of return 6.44% 6.84% 6.06% 4.7% 4.37% 4.95% 5.34% 5.69%
EPS 2 4.97 1.63 11.09 10.88 15.67 16.4 15.63 16.57
Distribution rate 128% 393% 61.3% 62.5% 46.9% 52.5% 59.5% 59.8%
Net sales 1 42,467 42,868 44,756 45,598 43,136 42,622 43,099 44,688
EBITDA - - - - - - - -
EBIT 1 2,402 1,221 4,994 4,593 6,559 6,816 6,100 5,857
Net income 1 1,437 472 3,214 3,241 4,740 4,767 4,445 4,636
Net Debt 6,134 6,961 5,234 3,128 5,794 - - -
Reference price 2 98.74 93.53 112.30 144.65 168.04 174.14 174.14 174.14
Nbr of stocks (in thousands) 288,976 288,953 290,400 291,700 294,900 294,000 - -
Announcement Date 2/25/22 2/17/23 2/16/24 2/27/25 2/27/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.62x - - 4.95% 51.2B
7.93x0.65x - 6% 7B
8.43x0.73x - 3.32% 6.46B
5.69x - - 4.97% 1.85B
12.73x - - 3.27% 1.6B
3.92x - - 3.31% 586M
6.82x - - 2.64% 212M
Average 8.02x 0.69x 4.07% 9.85B
Weighted average by Cap. 9.99x 0.69x 4.84%

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