ALV Stock Analysis: Allianz SE VNA O.N. | XETRA
Insurance - Diversified | XETRA, Germany | Market Cap: 160.362m EUR | 12M Return: 29.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 198M
EPS Trend: 65.1%
Qual. Beats: -1
Rev. Trend: 66.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Allianz SE is a global financial services company headquartered in Munich, Germany, founded in 1890. It operates through three core segments: Property-Casualty insurance (covering motor liability, accident, fire, general liability, credit, and travel), Life/Health insurance (offering annuities, term and endowment policies, unit-linked products, and health/long-term care coverage), and Asset Management (providing equity, fixed income, multi-asset, and alternative investment products to third-party institutional and retail investors). In addition to these core segments, Allianz offers retail banking and digital investment services.
As a multi-line insurer, Allianz benefits from a diversified business model that spreads risk across different insurance lines while generating fee-based income through its asset management operations, which is typically less capital-intensive than underwriting insurance. The combination of insurance underwriting and asset management under one corporate structure is characteristic of major European financial groups and provides exposure to both insurance premiums and global capital markets through subsidiaries such as PIMCO and Allianz Global Investors.
- P&C combined ratio improves on disciplined pricing and benign cat losses
- Asset Management AUM and fees fall on equity market weakness
- Solvency II capital strength supports sustained dividend growth
| Net Income: 12.0b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.12 > 1.0 |
| NWC/Revenue: -555.1% < 20% (prev -143.6%; Δ -411.5% < -1%) |
| CFO/TA 0.03 > 3% & CFO 33.2b > Net Income 12.0b |
| Net Debt (10.8b) to EBITDA (17.9b): 0.60 < 3 |
| Current Ratio: 0.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (382.2m) vs 12m ago -0.99% < -2% |
| Gross Margin: 83.45% > 18% (prev 82.54%; Δ 0.90% > 0.5%) |
| Asset Turnover: 13.81% > 50% (prev 12.57%; Δ 1.24% > 0%) |
| Interest Coverage Ratio: 16.37 > 6 (EBIT TTM 17.6b / Interest Expense TTM 1.07b) |
| A: -0.77 (Total Current Assets 27.5b - Total Current Liabilities 815b) / Total Assets 1027b |
| B: 0.04 (Retained Earnings 39.6b / Total Assets 1027b) |
| C: 0.02 (EBIT TTM 17.6b / Avg Total Assets 1027b) |
| D: 0.07 (Book Value of Equity 65.9b / Total Liabilities 958b) |
| Altman-Z'' = -4.71 = D |
As of July 26, 2026, the stock is trading at EUR 427.10 with a total of 386,863 shares traded. Over the past week, the price has changed by +0.99%, over one month by +5.59%, over three months by +15.14% and over the past year by +29.68%.
Current recommended Stop Loss: 419.00 (which is 1.9% or 1.5 ATR below the current price).
Allianz SE VNA O.N. has no consensus analysts rating.
P/E Trailing = 13.6563
P/E Forward = 13.8889
P/S = 1.3885
P/B = 2.434
P/EG = 3.1554
Revenue TTM = 142b EUR
EBIT TTM = 17.6b EUR
EBITDA TTM = 17.9b EUR
Long Term Debt = 32.8b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 3.00b EUR (from shortTermDebt, last fiscal year)
Debt = 38.3b EUR (corrected: LT Debt 32.8b + ST Debt 3.00b) + Leases 2.45b
Net Debt = 10.8b EUR (calculated: Debt 38.3b - CCE 27.5b)
Enterprise Value = 171b EUR (160b + Debt 38.3b - CCE 27.5b)
Interest Coverage Ratio = 16.37 (Ebit TTM 17.6b / Interest Expense TTM 1.07b)
EV/FCF = 5.43x (Enterprise Value 171b / FCF TTM 31.5b)
FCF Yield = 18.42% (FCF TTM 31.5b / Enterprise Value 171b)
FCF Margin = 22.23% (FCF TTM 31.5b / Revenue TTM 142b)
Net Margin = 8.49% (Net Income TTM 12.0b / Revenue TTM 142b)
Gross Margin = 83.45% ((Revenue TTM 142b - Cost of Revenue TTM 23.5b) / Revenue TTM)
Gross Margin QoQ = 79.87% (prev 82.90%)
Tobins Q-Ratio = 0.17 (Enterprise Value 171b / Total Assets 1027b)
Interest Expense / Debt = 2.81% (Interest Expense 1.07b / Debt 38.3b)
Taxrate = 25.45% (4.33b / 17.0b)
NOPAT = 13.1b (EBIT 17.6b * (1 - 25.45%))
Current Ratio = 0.03 (Total Current Assets 27.5b / Total Current Liabilities 815b)
Debt / Equity = 0.58 (Debt 38.3b / totalStockholderEquity, last quarter 65.9b)
Debt / EBITDA = 0.60 (Net Debt 10.8b / EBITDA 17.9b)
Debt / FCF = 0.34 (Net Debt 10.8b / FCF TTM 31.5b)
Total Stockholder Equity = 61.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.17% (Net Income 12.0b / Total Assets 1027b)
RoE = 19.58% (Net Income TTM 12.0b / Total Stockholder Equity 61.5b)
RoCE = 18.64% (EBIT 17.6b / Capital Employed (Equity 61.5b + L.T.Debt 32.8b))
RoIC = 6.29% (NOPAT 13.1b / Invested Capital 208b)
WACC = 5.87% (E(160b)/V(199b) * Re(6.77%) + D(38.3b)/V(199b) * Rd(2.81%) * (1-Tc(0.25)))
Discount Rate = 6.77% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -90.89 | Cagr: -1.06%
[DCF] Terminal Value 75.97% ; FCFF base≈31.0b ; Y1≈32.2b ; Y5≈36.5b
[DCF] Fair Price = 1.46k (EV 563b - Net Debt 10.8b = Equity 553b / Shares 379.3m; r=8.35% [WACC [floored]]; 5y FCF grow 4.10% → 2.50% )
EPS Correlation: 65.13 | EPS CAGR: 7.24% | SUE: -4.0 | # QB: -1
Revenue Correlation: 66.59 | Revenue CAGR: 3.55% | SUE: -0.42 | # QB: 0
EPS current Quarter (2026-06-30): EPS=6.92 | Chg30d=N/A | Revisions=-25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=7.51 | Chg30d=N/A | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=30.98 | Chg30d=+0.26% | Revisions=+25% | GrowthEPS=+8.4% | GrowthRev=-2.7%
EPS next Year (2027-12-31): EPS=32.75 | Chg30d=+0.33% | Revisions=+0% | GrowthEPS=+5.7% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: +17% (up=2, down=1)