AGEAS SA/NV |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 43.42 EUR | -0.09% |
|
+0.84% | +10.46% |
| 04-15 | Fosun International to Sell Up to 8% Stake in Belgium-Based Insurance Firm | MT |
| 04-15 | Ageas: BNP Paribas buys out Fosun's stake | CF |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,095 | 8,150 | 8,475 | 7,655 | 7,220 | 7,975 | - | - |
| Enterprise Value (EV) 1 | 9,466 | 8,667 | 12,902 | 12,831 | 7,220 | 7,975 | 7,975 | 7,975 |
| P/E ratio | 10.4 x | 7.19 x | 10.1 x | 7.56 x | 7.59 x | 6.47 x | 6 x | 5.77 x |
| Yield | 5.03% | 6.08% | 6.04% | 7.24% | 8.27% | 8.03% | 8.59% | 9.19% |
| Capitalization / Revenue | 1.08 x | 0.97 x | 0.94 x | 0.86 x | - | 1.24 x | 1.18 x | 1.13 x |
| EV / Revenue | 1.08 x | 0.97 x | 0.94 x | 0.86 x | - | 1.24 x | 1.18 x | 1.13 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | -5.12 x | -7.6 x | -11.2 x | - | 9.97 x | 9.06 x | 8.39 x |
| FCF Yield | - | -19.5% | -13.2% | -8.94% | - | 10% | 11% | 11.9% |
| Price to Book | 0.89 x | 0.71 x | 0.71 x | 1 x | - | 1 x | 0.94 x | 0.88 x |
| Nbr of stocks (in thousands) | 191,633 | 187,011 | 186,070 | 184,820 | 183,656 | 183,671 | - | - |
| Reference price 2 | 52.68 | 43.58 | 45.55 | 41.42 | 39.31 | 43.42 | 43.42 | 43.42 |
| Announcement Date | 19/02/20 | 24/02/21 | 23/02/22 | 22/02/23 | 28/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,384 | 8,435 | 8,978 | 8,930 | - | 6,444 | 6,738 | 7,029 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,562 | 1,672 | 1,370 | 1,499 | - | 1,642 | 1,726 | 1,758 |
| Operating Margin | 16.64% | 19.82% | 15.25% | 16.79% | - | 25.49% | 25.61% | 25% |
| Earnings before Tax (EBT) 1 | 1,433 | 1,533 | 1,231 | 1,452 | - | 1,513 | 1,666 | 1,710 |
| Net income 1 | 979 | 1,141 | 845 | 1,010 | 953 | 1,222 | 1,294 | 1,327 |
| Net margin | 10.43% | 13.53% | 9.41% | 11.32% | - | 18.97% | 19.21% | 18.88% |
| EPS 2 | 5.080 | 6.060 | 4.520 | 5.480 | 5.179 | 6.706 | 7.238 | 7.531 |
| Free Cash Flow 1 | - | -1,591 | -1,115 | -684 | - | 800 | 880 | 950 |
| FCF margin | - | -18.86% | -12.42% | -7.66% | - | 12.41% | 13.06% | 13.52% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | 65.45% | 67.99% | 71.57% |
| Dividend per Share 2 | 2.650 | 2.650 | 2.750 | 3.000 | 3.250 | 3.488 | 3.732 | 3.992 |
| Announcement Date | 19/02/20 | 24/02/21 | 23/02/22 | 22/02/23 | 28/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,216 | 2,324 | 2,127 | 2,128 | - | 2,054 | 2,318 | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 302.1 | 408.9 | 432.9 | 424.6 | - | 245.6 | 458.2 | - | - | - | - |
| Operating Margin | 13.63% | 17.6% | 20.35% | 19.95% | - | 11.95% | 19.77% | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 161 | 277 | 271.8 | 291.6 | 563.4 | 141 | 306.1 | 531 | 423 | 611 | 623 |
| Net margin | 7.26% | 11.92% | 12.78% | 13.7% | - | 6.86% | 13.21% | - | - | - | - |
| EPS 2 | 0.8600 | 1.490 | 1.468 | 1.578 | - | 0.7700 | 1.660 | - | 2.299 | 3.330 | 3.490 |
| Dividend per Share 2 | - | 2.750 | - | 1.500 | - | - | 1.500 | 1.500 | 1.750 | 1.620 | 1.890 |
| Announcement Date | 10/11/21 | 23/02/22 | 11/05/22 | 10/08/22 | 10/08/22 | 09/11/22 | 22/02/23 | 29/08/23 | 28/02/24 | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | 517 | 4,426 | 5,176 | - | - | - | - |
| Net Cash position | 629 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | -1,591 | -1,115 | -684 | - | 800 | 880 | 950 |
| ROE (net income / shareholders' equity) | 13.9% | 10% | 7.2% | 10.4% | 16.2% | 16% | 16.7% | 15.4% |
| ROA (Net income/ Total Assets) | 0.46% | 1.03% | 0.76% | 0.96% | - | 1.1% | 1.1% | 1.1% |
| Assets 1 | 211,082 | 110,434 | 111,304 | 105,723 | - | 111,123 | 117,672 | 120,671 |
| Book Value Per Share 2 | 58.90 | 61.80 | 64.10 | 41.30 | - | 43.30 | 46.30 | 49.50 |
| Cash Flow per Share 2 | 2.420 | -7.070 | -5.700 | -3.190 | - | 3.060 | 3.520 | - |
| Capex 1 | - | 262 | 26 | - | - | 109 | 112 | 115 |
| Capex / Sales | - | 3.11% | 0.29% | - | - | 1.69% | 1.66% | 1.64% |
| Announcement Date | 19/02/20 | 24/02/21 | 23/02/22 | 22/02/23 | 28/02/24 | - | - | - |
1EUR in Million2EUR
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
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
43.42
EUR
Average target price
48.49
EUR
Spread / Average Target
+11.68%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.46% | 8.51B | |
| +9.73% | 110B | |
| +8.61% | 99.66B | |
| +4.48% | 97.53B | |
| +0.07% | 69.25B | |
| +18.56% | 28.19B | |
| +10.29% | 19.64B | |
| -4.64% | 12.38B | |
| +8.95% | 10.98B | |
| +8.55% | 10.43B |
- Stock Market
- Equities
- AGS Stock
- Financials ageas SA/NV
