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Mapfre

BATS-CHIXE:MAPE
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MAPE
BATS-CHIXE
€8B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Mapfre, S.A., engages in the insurance and reinsurance activities worldwide. The last earnings update was 43 days ago. More info.


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MAPE Share Price and Events
7 Day Returns
-1.1%
BATS-CHIXE:MAPE
3.2%
GB Insurance
1.7%
GB Market
1 Year Returns
7.7%
BATS-CHIXE:MAPE
3.8%
GB Insurance
8.1%
GB Market
MAPE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mapfre (MAPE) -1.1% 1.8% -0.2% 7.7% -16.3% -10.4%
GB Insurance 3.2% 0.9% -2.9% 3.8% -6.2% 0.5%
GB Market 1.7% 0.1% 0.6% 8.1% 4% 8%
1 Year Return vs Industry and Market
  • MAPE outperformed the Insurance industry which returned 3.8% over the past year.
  • MAPE matched the United Kingdom of Great Britain and Northern Ireland Market (8.1%) over the past year.
Price Volatility
MAPE
Industry
5yr Volatility vs Market

MAPE Value

 Is Mapfre undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mapfre to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mapfre.

BATS-CHIXE:MAPE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 8 analysts.
= Stable Book Value * Return on Equity
= €2.97 * 9.1%
€0.27
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. €2.97
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:MAPE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 7.5%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.667 (1 + (1- 25%) (38.02%))
0.875
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.875 * 7.46%)
7.06%

Discounted Cash Flow Calculation for BATS-CHIXE:MAPE using Excess Returns Model Model

The calculations below outline how an intrinsic value for Mapfre is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BATS-CHIXE:MAPE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.1% – 7.06%) * €2.97)
€0.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.06 / (7.06% - 0.53%)
€0.93
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €2.97 + €0.93
€3.9
BATS-CHIXE:MAPE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:MAPE represents 0.99922x of BME:MAP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99922x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 3.90 x 0.99922
€3.90
Value per share (EUR) From above. €3.90
Current discount Discount to share price of €2.57
= -1 x (€2.57 - €3.90) / €3.90
34.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mapfre is available for.
Intrinsic value
34%
Share price is €2.57 vs Future cash flow value of €3.9
Current Discount Checks
For Mapfre to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mapfre's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Mapfre's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mapfre's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mapfre's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:MAPE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.15
BME:MAP Share Price ** BME (2019-12-12) in EUR €2.57
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 17 Publicly-Listed Insurance Companies 13.44x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 17.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mapfre.

BATS-CHIXE:MAPE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:MAP Share Price ÷ EPS (both in EUR)

= 2.57 ÷ 0.15

16.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mapfre is overvalued based on earnings compared to the GB Insurance industry average.
  • Mapfre is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Mapfre's expected growth come at a high price?
Raw Data
BATS-CHIXE:MAPE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
11.8%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 17 Publicly-Listed Insurance Companies 1.37x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 560 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:MAPE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.97x ÷ 11.8%

1.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mapfre is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mapfre's assets?
Raw Data
BATS-CHIXE:MAPE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €2.98
BME:MAP Share Price * BME (2019-12-12) in EUR €2.57
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 20 Publicly-Listed Insurance Companies 1.76x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,311 Publicly-Listed Companies 1.52x
BATS-CHIXE:MAPE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:MAP Share Price ÷ Book Value per Share (both in EUR)

= 2.57 ÷ 2.98

0.86x

* Primary Listing of Mapfre.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mapfre is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Mapfre's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Mapfre has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MAPE Future Performance

 How is Mapfre expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mapfre expected to grow at an attractive rate?
  • Mapfre's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Mapfre's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Mapfre's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:MAPE Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:MAPE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 11.8%
BATS-CHIXE:MAPE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 2.7%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 6.3%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average -0.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:MAPE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:MAPE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 883
2022-12-31 24,661 900 1
2021-12-31 23,524 830 5
2020-12-31 23,000 797 6
2019-12-31 22,539 607 6
2019-12-13
BATS-CHIXE:MAPE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 21,576 463
2019-06-30 21,586 86 518
2019-03-31 21,566 530
2018-12-31 21,259 432 529
2018-09-30 21,497 785
2018-06-30 21,223 255 671
2018-03-31 21,328 681
2017-12-31 21,984 454 701
2017-09-30 21,969 648
2017-06-30 22,220 -49 810
2017-03-31 22,333 790
2016-12-31 21,821 159 775

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mapfre's earnings are expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
  • Mapfre's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:MAPE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Mapfre Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:MAPE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.29 0.29 0.29 1.00
2022-12-31 0.30 0.33 0.28 3.00
2021-12-31 0.28 0.30 0.26 6.00
2020-12-31 0.27 0.29 0.25 8.00
2019-12-31 0.22 0.23 0.20 4.00
2019-12-13
BATS-CHIXE:MAPE Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.15
2019-06-30 0.16
2019-03-31 0.17
2018-12-31 0.17
2018-09-30 0.26
2018-06-30 0.23
2018-03-31 0.22
2017-12-31 0.23
2017-09-30 0.20
2017-06-30 0.26
2017-03-31 0.26
2016-12-31 0.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mapfre is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mapfre's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mapfre has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MAPE Past Performance

  How has Mapfre performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mapfre's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mapfre's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Mapfre's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mapfre's 1-year earnings growth is negative, it can't be compared to the GB Insurance industry average.
Earnings and Revenue History
Mapfre's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mapfre Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:MAPE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 21,576.04 462.96 1,206.60
2019-06-30 21,585.73 517.68 1,148.99
2019-03-31 21,566.44 529.96 1,112.70
2018-12-31 21,259.34 528.86 1,147.20
2018-09-30 21,496.64 784.71 1,195.80
2018-06-30 21,223.38 671.10 1,217.36
2018-03-31 21,328.04 681.31 1,239.30
2017-12-31 21,984.14 700.51 1,249.80
2017-09-30 21,969.43 648.05 1,227.10
2017-06-30 22,219.88 810.14 1,247.26
2017-03-31 22,332.83 789.95 1,277.40
2016-12-31 21,820.63 775.45 1,268.90
2016-09-30 21,314.29 689.14 -1,916.94
2016-06-30 20,871.77 618.74 1,257.01
2016-03-31 20,328.17 533.84 1,211.16
2015-12-31 20,640.59 522.24 1,326.46
2015-09-30 21,585.48 626.72 1,517.11
2015-06-30 21,054.57 632.00 1,221.26
2015-03-31 21,532.98 806.62 1,424.31
2014-12-31 20,679.95 780.83 1,252.66
2014-09-30 21,328.90 781.60 1,576.20
2014-06-30 20,583.20 768.84 1,558.24
2014-03-31 21,206.87 746.92 1,560.09
2013-12-31 20,764.94 792.12 1,564.09
2013-09-30 20,553.04 706.38 1,303.50
2013-06-30 21,067.72 700.18 1,349.15
2013-03-31 20,796.64 671.28 1,334.30
2012-12-31 20,937.60 678.40 1,307.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mapfre has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mapfre used its assets more efficiently than the GB Insurance industry average last year based on Return on Assets.
  • Mapfre has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mapfre's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mapfre has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MAPE Health

 How is Mapfre's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mapfre's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mapfre is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mapfre's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mapfre's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 8.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mapfre Company Filings, last reported 2 months ago.

BATS-CHIXE:MAPE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 10,305.20 2,978.50 8,799.80
2019-06-30 10,133.86 3,094.77 8,264.28
2019-03-31 9,542.60 3,044.30 8,853.40
2018-12-31 9,197.58 2,669.88 7,742.18
2018-09-30 9,797.60 2,527.00 8,248.60
2018-06-30 10,106.64 2,452.70 7,548.40
2018-03-31 10,325.70 2,410.30 7,317.90
2017-12-31 10,512.66 2,326.73 7,326.58
2017-09-30 10,792.30 2,386.30 7,174.90
2017-06-30 10,863.48 2,643.95 6,831.36
2017-03-31 11,220.90 2,818.00 7,880.60
2016-12-31 11,443.48 2,209.52 6,469.72
2016-09-30 11,286.00 2,267.50 6,079.90
2016-06-30 11,179.02 2,312.14 6,169.35
2016-03-31 10,472.50 1,775.10 1,131.30
2015-12-31 10,408.29 1,918.86 4,419.18
2015-09-30 10,331.80 1,941.80 1,104.20
2015-06-30 10,954.15 2,717.26 4,498.95
2015-03-31 11,572.90 1,832.90 1,157.50
2014-12-31 11,469.42 1,792.12 4,692.16
2014-09-30 11,135.70 1,756.50 1,163.50
2014-06-30 10,713.16 1,827.01 4,510.22
2014-03-31 10,371.00 1,781.40 1,299.10
2013-12-31 9,893.67 1,790.29 4,069.31
2013-09-30 10,173.20 1,930.70 1,363.20
2013-06-30 10,221.38 2,080.04 5,009.76
2013-03-31 10,491.40 1,891.50 780.10
2012-12-31 10,136.30 1,963.70 4,848.70
  • Mapfre's level of debt (28.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (15.8% vs 28.9% today).
  • Debt is not well covered by operating cash flow (2.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.7x coverage).
X
Financial health checks
We assess Mapfre's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mapfre has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MAPE Dividends

 What is Mapfre's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.65%
Current annual income from Mapfre dividends. Estimated to be 6.29% next year.
If you bought €2,000 of Mapfre shares you are expected to receive €113 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mapfre's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.96%).
  • Mapfre's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.21%).
Upcoming dividend payment

Purchase Mapfre before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:MAPE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 5.1%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 676 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:MAPE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.17 1.00
2022-12-31 0.18 3.00
2021-12-31 0.17 7.00
2020-12-31 0.16 9.00
2019-12-31 0.15 7.00
2019-12-13
BATS-CHIXE:MAPE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-08 0.145 5.710
2018-11-08 0.145 5.938
2018-02-12 0.145 5.434
2017-02-10 0.145 4.909
2016-11-10 0.130 4.540
2016-05-03 0.130 5.707
2015-11-04 0.140 6.630
2015-03-17 0.140 4.757
2014-11-05 0.140 4.751
2014-10-23 0.130 4.765
2014-02-12 0.130 4.465
2013-02-06 0.110 3.988
2012-10-26 0.120 5.357
2012-05-09 0.150 8.319
2011-02-03 0.150 6.020
2010-11-02 0.150 6.827
2010-03-08 0.150 6.218
2009-11-17 0.150 5.239
2009-09-22 0.160 5.187
2009-02-05 0.160 7.261
2009-02-04 0.207 9.057
2009-01-02 0.160 6.882

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Mapfre's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Mapfre's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mapfre afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mapfre has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MAPE Management

 What is the CEO of Mapfre's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Antonio Huertas Mejías
COMPENSATION €2,674,000
AGE 55
TENURE AS CEO 7.8 years
CEO Bio

Mr. Antonio Huertas Mejías serves as Chairman and CEO of MAPFRE SA (“MAPFRE”). Mr. Mejías serves as President of Fundación MAPFRE. His Other positions include: President of the Board of Trustees of Fundación MAPFRE since February 2014; Member of the Business Council for Competitiveness since February 2012 and Senior Executive for General Counsel, Internal Audit, Business Support and Strategy & Development Corporate Areas. His Previous positions include: Member of the Board of Trustees of Fundación MAPFRE from November 2006 to February 2014; CEO of the International Insurance and Global Businesses Divisions from April 2012 to January 2014; Member of the Board of Directors of the Spanish Insurance Compensation Consortium from March 2012 to December 2013; First Vice Chairman of UNESPA, the Spanish Insurers and Reinsurers Association from 2011 to 2013; Chairman of MAPFRE Spain’s Domestic Insurance Division from January 2011 to March 2012; Member of the Board of Directors of MAPFRE VIDA S.A. from May 2007 to May 2012; Third Vice Chairman of the Board of Directors of MAPFRE from March 2011 to March 2012; Senior Executive, RED MAPFRE from November 2006 to December 2011; Chairman of the Board of Directors of MAPFRE FAMILIAR S.A. from 2006 to 2010; Chairman of MAPFRE AUTOMÓVILES S.A. from 2006 to 2008; Chairman of MAPFRE SEGUROS GENERALES S.A. from 2006 to 2008; Chairman of MAPFRE CAJA SALUD S.A. from 2006 to 2008; Executive Vice Chairman of MAPFRE AGROPECUARIA from 2006 to 2008; General Manager of MAPFRE MUTUALIDAD and Senior Executive of MAPFRE’s Automobile Unit from 2005 to 2006; Chairman and CEO of MAPFRE PRAICO (the “Company”) and MAPFRE FLORIDA from 2001 to 2004; General Manager of the Company from 2000 to 2004; Executive Vice Chairman of the Company from 1998 to 2000 and Regional Manager of MAPFRE MUTUALIDAD in Asturias and Extremadura from 1994 to 1998. Mr. Mejías did his B.A. in Law from the University of Salamanca.

CEO Compensation
  • Antonio's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Antonio's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Mapfre management team in years:

4.1
Average Tenure
55
Average Age
  • The tenure for the Mapfre management team is about average.
Management Team

Antonio Huertas Mejías

TITLE
Chairman & CEO
COMPENSATION
€3M
AGE
55
TENURE
7.8 yrs

Fernando Mata Verdejo

TITLE
Group CFO & Director
COMPENSATION
€866K
AGE
58
TENURE
2.9 yrs

Francisco José Marco Orenes

TITLE
Group Chief Business Support Officer & Director
COMPENSATION
€771K
AGE
62

José Manuel Inchausti Pérez

TITLE
Third Vice Chairman & CEO of Iberia Regional Area
AGE
55

José Luís Jiménez Guajardo-Fajardo

TITLE
Group Chief Investment Officer
AGE
51
TENURE
4.3 yrs

Natalia Núñez Arana

TITLE
Deputy Director Capital Markets & Head of Investor Relations

Ángel Luis Dávila Bermejo

TITLE
GM of Legal Affairs & Secretary General
AGE
56
TENURE
10.9 yrs

Maria Sanz Isla

TITLE
Member of Executive Committee & Group Chief People Officer
AGE
49

Alfredo Castelo Marín

TITLE
Member of Executive Committee & CEO of the North America Region
TENURE
2.9 yrs

Jesús Martínez Castellanos

TITLE
Chief Executive Officer of LATAM NORTH Regional Area
AGE
54
TENURE
4 yrs
Board of Directors Tenure

Average tenure and age of the Mapfre board of directors in years:

3.2
Average Tenure
57.5
Average Age
  • The tenure for the Mapfre board of directors is about average.
Board of Directors

Ignacio Baeza Gómez

TITLE
First Vice Chairman of the Board
COMPENSATION
€2M
AGE
57
TENURE
7.9 yrs

Antonio Huertas Mejías

TITLE
Chairman & CEO
COMPENSATION
€3M
AGE
55
TENURE
7.8 yrs

Catalina Miñarro Brugarolas

TITLE
Second Vice-Chairwoman of the Board
COMPENSATION
€302K
AGE
56
TENURE
2.9 yrs

José Manuel Martínez Martínez

TITLE
Honorary Chairman

Julio Castelo Matrán

TITLE
Honorary Chairman

Fernando Mata Verdejo

TITLE
Group CFO & Director
COMPENSATION
€866K
AGE
58
TENURE
2.9 yrs

Francisco José Marco Orenes

TITLE
Group Chief Business Support Officer & Director
COMPENSATION
€771K
AGE
62
TENURE
2.8 yrs

José Manuel Inchausti Pérez

TITLE
Third Vice Chairman & CEO of Iberia Regional Area
AGE
55
TENURE
1.4 yrs

José Antonio Colomer Guiu

TITLE
Independent Director
COMPENSATION
€252K
AGE
67
TENURE
3.8 yrs

Ana Isabel Fernández Álvarez

TITLE
Independent Director
COMPENSATION
€193K
AGE
60
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Mapfre individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Nov 19 Buy Ignacio Baeza Gómez Individual 25. Nov 19 25. Nov 19 23,818 €2.52 €60,021
01. Oct 19 Buy Rosa García García Individual 27. Sep 19 27. Sep 19 415 €2.46 €1,021
07. Aug 19 Buy Antonio Huertas Mejías Individual 02. Aug 19 02. Aug 19 45,000 €4.46 €200,700
05. Aug 19 Buy Antonio Huertas Mejías Individual 02. Aug 19 02. Aug 19 45,000 €3.46 €155,700
09. May 19 Buy Luis Hernando De Larramendi Martínez Individual 07. May 19 08. May 19 885,000 €2.65 €2,342,527
25. Feb 19 Buy Antonio Huertas Mejías Individual 22. Feb 19 22. Feb 19 10,175 €2.46 €25,031
X
Management checks
We assess Mapfre's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mapfre has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MAPE News

Simply Wall St News

MAPE Company Info

Description

Mapfre, S.A., engages in the insurance and reinsurance activities worldwide. It offers life, health, accidents, savings and investment, retirement, burial, travel and lifestyle insurance; and homeowners, automobile, third-party liability, family, and other insurance. The company also provides vehicles, third-party liability and assets, agriculture and livestock, commercial establishments, and other insurance products. In addition, it offers insurance products for engineering and construction, hulls and aviation, transportation of goods, surety and credit, and other insurances, as well as other non-life and reinsurance products. The company offers its services to professionals, entrepreneurs, self-employed people and small companies, and various corporations, as well as individuals. It distributes its products through a network of 5,373 direct and delegate offices; and 7,487 branches of banking institutions and other sales points, as well as through 84,000 delegates, agents, and brokers. The company was formerly known as Corporacion Mapfre and changed its name to Mapfre, S.A. in December 2006. Mapfre, S.A. was founded in 1933 and is based in Majadahonda, Spain. Mapfre S.A. is a subsidiary of Cartera Mapfre, S.L.

Details
Name: Mapfre, S.A.
MAPE
Exchange: BATS-CHIXE
Founded: 1933
€7,833,100,066
3,052,650,065
Website: http://www.mapfre.com
Address: Mapfre, S.A.
Carretera de Pozuelo,
Majadahonda,
Madrid, 28222,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME MAP Ordinary Shares Bolsas y Mercados Espanoles ES EUR 02. Jan 1980
OTCPK MPFR.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1980
DB CMAB Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1980
LSE 0NQ2 Ordinary Shares London Stock Exchange GB EUR 02. Jan 1980
WBAG MAP Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1980
ETLX CMAB Ordinary Shares Eurotlx IT EUR 02. Jan 1980
BATS-CHIXE MAPE Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1980
OTCPK MPFR.Y UNSPONSORD ADR Pink Sheets LLC US USD 31. Oct 2008
Number of employees
Current staff
Staff numbers
34,507
Mapfre employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/13 19:39
End of day share price update: 2019/12/12 00:00
Last estimates confirmation: 2019/12/11
Last earnings filing: 2019/10/31
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.