(MUV2) Münchener Rück - Overview
Sector: Financial Services | Industry: Insurance - Reinsurance | Exchange: XETRA (Germany) | Market Cap: 60.526m EUR | Total Return: -15.6% in 12m
Avg Turnover: 193M
EPS Trend: 75.8%
Qual. Beats: 0
Rev. Trend: -38.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Münchener Rückversicherungs-Gesellschaft (Munich Re) is a global provider of reinsurance and primary insurance services. The company operates through two main pillars: its reinsurance division, covering life, health, and property-casualty risks, and the ERGO Group, which handles direct insurance operations for retail and corporate clients. Its portfolio includes specialized solutions for cyber risks, natural catastrophes, and green technology sectors.
The reinsurance business model relies on risk diversification and capital management, acting as a financial backstop for primary insurers by assuming high-impact or systemic risks. In the property-casualty segment, the firm utilizes advanced data analytics and historical loss databases like NatCatSERVICE to price complex environmental and technical exposures.
Further analysis of the companys valuation metrics on ValueRay can help clarify its current market position. Founded in 1880, the Munich-based firm maintains a significant presence in global specialty markets, including aviation, space, and marine insurance.
- Frequency of extreme weather events impacts natural catastrophe reinsurance loss ratios
- Rising interest rates improve investment income and solvency capital ratios
- Expansion of Global Specialty Insurance segment diversifies revenue beyond traditional reinsurance
- Cyber insurance demand growth drives premium volume in property-casualty segments
- European regulatory changes and Solvency II requirements influence capital distribution policy
| Net Income: 6.12b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.17 > 1.0 |
| NWC/Revenue: 42.54% < 20% (prev 9.45%; Δ 33.09% < -1%) |
| CFO/TA 0.00 > 3% & CFO 1.27b > Net Income 6.12b |
| Net Debt (2.29b) to EBITDA (8.99b): 0.25 < 3 |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (128.0m) vs 12m ago -2.64% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 23.32% > 50% (prev 14.54%; Δ 8.78% > 0%) |
| Interest Coverage Ratio: 34.93 > 6 (EBITDA TTM 8.99b / Interest Expense TTM 247.0m) |
| A: 0.10 (Total Current Assets 28.1b - Total Current Liabilities 0.0) / Total Assets 280b |
| B: 0.07 (Retained Earnings 20.5b / Total Assets 280b) |
| C: 0.03 (EBIT TTM 8.63b / Avg Total Assets 283b) |
| D: 0.13 (Book Value of Equity 33.2b / Total Liabilities 247b) |
| Altman-Z'' = 1.24 = BB |
| DSRI: 2.41 (Receivables 22.6b/5.91b, Revenue 66.1b/41.7b) |
| GMI: 0.98 (GM 100.0% / 98.11%) |
| AQI: 0.92 (AQ_t 0.89 / AQ_t-1 0.97) |
| SGI: 1.59 (Revenue 66.1b / 41.7b) |
| TATA: 0.02 (NI 6.12b - CFO 1.27b) / TA 280b) |
| Beneish M = -1.49 (Cap -4..+1) = D |
As of May 23, 2026, the stock is trading at EUR 474.30 with a total of 484,636 shares traded.
Over the past week, the price has changed by -0.85%,
over one month by -12.06%,
over three months by -9.47% and
over the past year by -15.60%.
Münchener Rück has no consensus analysts rating.
P/E Trailing = 9.0578
P/E Forward = 10.0
P/S = 0.9865
P/B = 1.9321
P/EG = 2.1268
Revenue TTM = 66.1b EUR
EBIT TTM = 8.63b EUR
EBITDA TTM = 8.99b EUR
Long Term Debt = 7.43b EUR (from longTermDebt, last quarter)
Short Term Debt = 242.0m EUR (from shortTermDebt, last quarter)
Debt = 7.79b EUR (from shortLongTermDebtTotal, last quarter) + Leases 356.0m
Net Debt = 2.29b EUR (calculated: Debt 7.79b - CCE 5.50b)
Enterprise Value = 62.8b EUR (60.5b + Debt 7.79b - CCE 5.50b)
Interest Coverage Ratio = 34.93 (Ebit TTM 8.63b / Interest Expense TTM 247.0m)
EV/FCF = 10.30x (Enterprise Value 62.8b / FCF TTM 6.10b)
FCF Yield = 9.71% (FCF TTM 6.10b / Enterprise Value 62.8b)
FCF Margin = 9.23% (FCF TTM 6.10b / Revenue TTM 66.1b)
Net Margin = 9.26% (Net Income TTM 6.12b / Revenue TTM 66.1b)
Gross Margin = unknown ((Revenue TTM 66.1b - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.22 (Enterprise Value 62.8b / Total Assets 280b)
Interest Expense / Debt = 0.96% (Interest Expense 75.0m / Debt 7.79b)
Taxrate = 31.67% (438.0m / 1.38b)
NOPAT = 5.89b (EBIT 8.63b * (1 - 31.67%))
Current Ratio = 0.36 (Total Current Assets 28.1b / Total Current Liabilities 78.1b)
Debt / Equity = 0.23 (Debt 7.79b / totalStockholderEquity, last quarter 33.2b)
Debt / EBITDA = 0.25 (Net Debt 2.29b / EBITDA 8.99b)
Debt / FCF = 0.38 (Net Debt 2.29b / FCF TTM 6.10b)
Total Stockholder Equity = 32.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.16% (Net Income 6.12b / Total Assets 280b)
RoE = 18.94% (Net Income TTM 6.12b / Total Stockholder Equity 32.3b)
RoCE = 21.71% (EBIT 8.63b / Capital Employed (Equity 32.3b + L.T.Debt 7.43b))
RoIC = 3.14% (EBIT 8.63b / (Assets 280b - Curr.Liab 0.0 - Cash 5.50b))
WACC = 5.59% (E(60.5b)/V(68.3b) * Re(6.22%) + D(7.79b)/V(68.3b) * Rd(0.96%) * (1-Tc(0.32)))
Discount Rate = 6.22% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -2.56%
[DCF] Terminal Value 76.17% ; FCFF base≈5.97b ; Y1≈6.28b ; Y5≈7.30b
[DCF] Fair Price = 860.8 (EV 112b - Net Debt 2.29b = Equity 110b / Shares 128.0m; r=8.35% [WACC [floored]]; 5y FCF grow 5.76% → 2.50% )
EPS Correlation: 75.76 | EPS CAGR: 13.43% | SUE: 0.11 | # QB: 0
Revenue Correlation: -38.63 | Revenue CAGR: -9.15% | SUE: -0.15 | # QB: 0
EPS current Quarter (2026-06-30): EPS=12.13 | Chg30d=+0.11% | Revisions=+20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=10.83 | Chg30d=-10.81% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=50.36 | Chg30d=-1.96% | Revisions=+20% | GrowthEPS=+6.9% | GrowthRev=+1.0%
EPS next Year (2027-12-31): EPS=52.98 | Chg30d=-3.26% | Revisions=-56% | GrowthEPS=+5.2% | GrowthRev=+4.1%
[Analyst] Revisions Ratio: -56%