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Ageas SA/ NV ADR AGESY

Morningstar Rating
$42.25 −0.13 (0.30%)
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Company Report

Price vs Fair Value

AGESY is trading within a range we consider fairly valued.
Price
$42.25
Fair Value
$56.00
Uncertainty
Medium
1-Star Price
$65.90
5-Star Price
$78.00
Economic Moat
Rhjk
Capital Allocation
Zdxmx

Bulls Say, Bears Say

Bulls

Ageas has continued to gain market share in both core domestic life and savings and nonlife insurance business.

Bears

Ageas still has quite a lot of legacy finance issues that have the potential to weigh on and dilute earnings.

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News

Trading Information

Previous Close Price
$42.38
Day Range
$42.1742.33
52-Week Range
$37.9147.79
Bid/Ask
$41.89 / $42.45
Market Cap
$7.76 Bil
Volume/Avg
3,639 / 5,839

Key Statistics

Price/Earnings (Normalized)
9.05
Price/Sales
0.69
Dividend Yield (Trailing)
7.56%
Dividend Yield (Forward)
7.56%
Total Yield
7.69%

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
14,673

Competitors

Valuation

Metric
AGESY
NN
KBC
Price/Earnings (Normalized)
9.0546.477.17
Price/Book Value
0.990.531.22
Price/Sales
0.690.912.54
Price/Cash Flow
52.2615.536.73
Price/Earnings
AGESY
NN
KBC

Financial Strength

Metric
AGESY
NN
KBC
Quick Ratio
Current Ratio
Interest Coverage
7.28
Quick Ratio
No chart available

Profitability

Metric
AGESY
NN
KBC
Return on Assets (Normalized)
1.22%0.17%0.92%
Return on Equity (Normalized)
15.42%1.79%15.41%
Return on Invested Capital (Normalized)
8.53%0.71%
Return on Assets
AGESY
NN
KBC
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ZURVY
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