Financials Talanx AG

Equities

TLX

DE000TLX1005

Multiline Insurance & Brokers

Market Closed - Xetra 11:35:12 2024-04-26 am EDT 5-day change 1st Jan Change
71.3 EUR +2.22% Intraday chart for Talanx AG +4.55% +10.29%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,164 8,025 10,754 11,229 16,682 18,400 - -
Enterprise Value (EV) 1 13,433 10,300 10,754 11,229 16,682 22,042 21,942 21,839
P/E ratio 12.1 x 11.9 x 10.6 x 9.57 x 10.4 x 10.1 x 9.05 x 8.85 x
Yield 3.4% 4.72% 3.76% 4.51% - 3.57% 3.86% 4.2%
Capitalization / Revenue 0.34 x 0.23 x 0.28 x 0.25 x - 0.35 x 0.33 x 0.3 x
EV / Revenue 0.41 x 0.3 x 0.28 x 0.25 x - 0.42 x 0.39 x 0.36 x
EV / EBITDA - - - - - 5.03 x 4.66 x 4.21 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.1 x 0.77 x 1 x 1.5 x - 1.6 x 1.46 x 1.31 x
Nbr of stocks (in thousands) 252,689 252,680 252,798 253,351 258,029 258,061 - -
Reference price 2 44.18 31.76 42.54 44.32 64.65 71.30 71.30 71.30
Announcement Date 3/16/20 3/15/21 3/14/22 3/15/23 3/21/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 33,054 34,185 37,863 44,722 - 52,176 56,169 60,461
EBITDA 1 - - - - - 4,385 4,708 5,182
EBIT 1 2,430 1,671 2,454 3,372 3,068 4,467 4,603 4,963
Operating Margin 7.35% 4.89% 6.48% 7.54% - 8.56% 8.2% 8.21%
Earnings before Tax (EBT) 1 2,239 1,473 2,278 3,191 2,834 4,204 4,322 4,600
Net income 1 923 673 1,011 1,172 1,581 1,779 2,053 2,086
Net margin 2.79% 1.97% 2.67% 2.62% - 3.41% 3.65% 3.45%
EPS 2 3.650 2.660 4.000 4.630 6.210 7.038 7.876 8.061
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.500 1.500 1.600 2.000 - 2.545 2.751 2.993
Announcement Date 3/16/20 3/15/21 3/14/22 3/15/23 3/21/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3
Net sales 16,746 18,272 9,495 - - 10,866 - 11,460 12,064 - - - -
EBITDA - - - - - - - - - - - - -
EBIT 745 1,333 506 - 630 728 1,358 608 1,406 - 914 1,957 -
Operating Margin 4.45% 7.3% 5.33% - - 6.7% - 5.31% 11.65% - - - -
Earnings before Tax (EBT) 1 - - 461 - - 685 - 569 1,352 - 854 - 747
Net income 1 325 546 177 288 256 304 - 225 387 423 404 827 452
Net margin 1.94% 2.99% 1.86% - - 2.8% - 1.96% 3.21% - - - -
EPS 2 1.290 2.160 0.7000 1.140 - 1.200 2.210 0.8900 1.530 1.670 1.990 3.260 1.790
Dividend per Share - - - 1.600 - - - - - - - - -
Announcement Date 8/12/20 8/11/21 11/15/21 3/14/22 5/30/22 8/11/22 8/11/22 11/14/22 3/15/23 5/15/23 8/14/23 8/14/23 11/13/23
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,269 2,275 - - - 3,642 3,542 3,440
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - 0.8306 x 0.7522 x 0.6637 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 9.8% 6.6% 9.6% 12.9% - 16.3% 15.3% 14.7%
ROA (Net income/ Total Assets) 0.54% 0.38% - - - 0.7% 0.7% 0.7%
Assets 1 169,888 179,323 - - - 254,092 293,253 298,065
Book Value Per Share 2 40.20 41.10 42.60 29.50 - 44.70 48.90 54.30
Cash Flow per Share - - - - - - - -
Capex 1 - - - - - 209 225 242
Capex / Sales - - - - - 0.4% 0.4% 0.4%
Announcement Date 3/16/20 3/15/21 3/14/22 3/15/23 3/21/24 - - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
71.3 EUR
Average target price
69.1 EUR
Spread / Average Target
-3.09%
Consensus