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Mapfre
🇪🇸 MAP.MC · Madrid · ES0124244E34
Insurance
EUR 4.40 price at analysis
Scores
Key Metrics
Powered by EODHDP/E (TTM)
11.9
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
Calculation: 4.40 ÷ 0.37 = 11.9
TTM period through: 2026-03-31
Forward P/E (estimated): 8.9
Based on analyst estimates
Reference: Provider P/E (Trailing): 11.9
Net Debt/EBITDA (TTM)
0.7x
Latest quarter: 2.9x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
TTM through: 2026-03-31
Latest quarter (2026-03-31): 2.9x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
ROE
18.3%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
Dividend Summary
Powered by EODHDDividend Yield (Fwd)
4.09%
TTM: 3.32%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Forward Yield (estimated): 4.09%
Trailing Yield (TTM, last 12 months): 3.32%
Payout Ratio (Fwd)
48.8%
TTM: 104.5%
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Payout (Fwd): 48.8%
Payout (TTM): 104.5%
Cash Flow Payout (TTM): 72.1%
FCF Coverage (TTM): 1.20x
Growth Streak
4 yrs
Consec. increases
Div. Growth (5Y)
12.3%
Summary
Mapfre is a well-capitalized global insurance leader offering excellent structural profitability backed by an impressive 18.3% ROE. Trading at €4.40 vs fair value of €4.80-5.50 (9-25% undervalued), the stock represents an attractive entry point for dividend investors seeking financial exposure. Worth considering for new positions given the strong fundamental execution, reasonable P/E of 12, and well-covered dividend, which compensate for regional regulatory headwinds.
Sector Context
Mapfre provides life, health, auto, and property insurance, alongside reinsurance and asset management globally. In the insurance sector, reliable cash flow generation and conservative capital management are paramount; Mapfre's low Debt/Equity ratio of 0.40 and strong 18.3% ROE demonstrate excellent balance sheet management highly suitable for conservative dividend investors.
Temporary Opportunity Identified
Regulatory changes in Latin America (Mexico VAT and Colombia pension provisions) and ongoing US litigation have created near-term headwinds that obscure the company's underlying 18.3% ROE and growing earnings.
📊 Strategy Analysis
- • Trading at €4.40, below the estimated fair value range of €4.80-5.50, offering 9-25% upside to fair value.
- • Exceptional profitability for the insurance sector with an 18.3% ROE, demonstrating highly efficient capital allocation and pricing power.
- • Attractive valuation with a TTM P/E of 11.95, sitting comfortably within the optimal 8-15x value investing range.
- • Dividends are well-covered by cash flows (FCF coverage of 1.20x and cash flow payout of 72.1%), supporting the 3.3% yield and recent progressive hikes.
⚠ What to Watch
- • Faces the December 2026 expiration of a highly lucrative exclusive marketing agreement with AAA Northeast in the US, threatening a distribution channel that generates approximately $200 million in annual premiums.
- • Recent regulatory and tax changes in Mexico (VAT reform) and Colombia (pension provisioning) have created structural headwinds with an immediate combined negative impact of €94 million.
- • Ongoing DPPA class-action litigation in the US regarding a data breach affecting roughly 266,000 individuals exposes the company to statutory financial risks and reputational damage.
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-07-04
Disclaimer: This information is for educational purposes only. Not financial advice.