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Ageas SA/ NV AGESF

Morningstar Rating
$46.97 +0.97 (2.11%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

AGESF is trading at a 4% discount.
Price
$46.77
Fair Value
$88.30
Uncertainty
Very High
1-Star Price
$52.93
5-Star Price
$86.98
Economic Moat
Dksn
Capital Allocation
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News

Trading Information

Previous Close Price
$46.00
Day Range
$46.9746.97
52-Week Range
$42.1546.97
Bid/Ask
$43.60 / $50.15
Market Cap
$8.63 Bil
Volume/Avg
1,405 / 9,625

Key Statistics

Price/Earnings (Normalized)
8.85
Price/Sales
0.81
Dividend Yield (Trailing)
6.81%
Dividend Yield (Forward)
8.08%
Total Yield
6.85%

Company Profile

Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralised debt. As Fortis’ capital began to decline, the company initiated a rights issue and the long-held promised dividend was suspended. As Fortis’ share price began to decline and financial market conditions continued to worsen, with a series of leadership changes customers began to withdraw deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgium government, and BNP Paribas and was asked to spin off its insurance and asset management divisions.
Sector
Financial Services
Industry
Insurance - Diversified
Stock Style Box
Mid Value
Total Number of Employees
50,395

Competitors

Valuation

Metric
AGESF
NN
AXAHY
Price/Earnings (Normalized)
8.858.1610.19
Price/Book Value
1.050.561.49
Price/Sales
0.811.090.88
Price/Cash Flow
4.9099.40
Price/Earnings
AGESF
NN
AXAHY

Financial Strength

Metric
AGESF
NN
AXAHY
Quick Ratio
Current Ratio
Interest Coverage
7.2815.59
Quick Ratio
No chart available

Profitability

Metric
AGESF
NN
AXAHY
Return on Assets (Normalized)
1.22%0.57%1.19%
Return on Equity (Normalized)
15.42%5.59%16.11%
Return on Invested Capital (Normalized)
8.53%2.26%6.80%
Return on Assets
AGESF
NN
AXAHY
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Insurance - Diversified Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
BRK.A
Berkshire Hathaway Inc Class AJvkqccvmsDxmxp$883.9 Bil
BRK.B
Berkshire Hathaway Inc Class BKfbrzbpkjNvbz$878.0 Bil
ALIZY
Allianz SE ADRDpcbjzkdjtNznxf$111.7 Bil
AXAHY
AXA SA ADRClvltqtqjVtf$81.6 Bil
ZURVY
Zurich Insurance Group AG ADRLgncjzdnrRykxtz$70.5 Bil
AIG
American International Group IncQjyhrrbdVcnk$50.5 Bil
SLF
Sun Life Financial IncXnsqxfjQyv$30.1 Bil
AVVIY
Aviva PLC ADRMzpxrgywXnl$15.7 Bil
AEG
Aegon Ltd ADRDjxxqpfZjvr$10.9 Bil
AGESY
Ageas SA/ NV ADRJkwhyJzdd$8.6 Bil

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