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NÜRNBERGER Beteiligungs-AG (NBG6.DE)

EUR120.00 -4.00 (-3.23%)
DE XETRA Financial Services Insurance - Diversified
Address Ostendstrasse 100 90334
Nuremberg, DE
CEO Harald Rosenberger
IPO 1999-04-23
ISIN DE0008435967

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Description

NÜRNBERGER Beteiligungs-AG, a German insurance firm established in Nuremberg in 1884, provides a comprehensive array of insurance products and services across Germany. The company serves both individual private clients and a diverse range of business enterprises. Its extensive personal lines portfolio encompasses various vehicle insurances, including coverage for cars, motorcycles, and classic automobiles. Health-related offerings include private health, dental, travel, long-term care, hospitalization, sickness allowance, and specialized plans like "inshape" and "seeing and hearing." The firm also provides crucial life, pension, protection, disability, dread disease, accident, invalidity, and subsidy insurance products. Home and property owners can secure policies for contents, homeowners, household glass, shell structures, and integrated house and apartment protection. Specific items such as musical instruments, luggage, valuables, and even sporting boats or horse transport can also be insured. Liability coverage extends to personal, pet owners', home and property owners', watersports, principal's, civil, waters damage, and hunting risks. For its business clientele, NÜRNBERGER offers tailored solutions for numerous industries, including pharmacy, construction, manufacturing, hospitality, agriculture, forestry, food trade, crafts, IT services, and beauty, as well as for operators of renewable energy plants, medium-sized enterprises, shippers, carriers, organizers, and chamber professions. Commercial insurance options include policies for glass, commercial buildings, and building services, alongside breakdown, electronics, and photovoltaic coverage. The company also handles property damage, IT liability, and Directors & Officers (D&O) insurance. Specialized business offerings further include intellectual property legal insurance, multi-risk, exhibition, and general business policies. Transportation, cargo, fleet, and carrier's liability insurance are available, with specific car insurance products tailored for car wholesalers and electricians. Additionally, the company provides insurance tailored for kids and teens, and for business owners and employees.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR120.00 -4.00 (-3.23%)
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Volume Profile
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Liquidity & share structure
Average Volume
69
Beta
0.27
Float Shares
5.72M
Free Float %
49.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.09% -1.21% +1.67% +1.67% +1.67% +1.67% +128.46% +68.28% +58.44% +104.01% +55.41%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
120.00
DCF (Unlevered) 107.70 -10.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 1 +1
Sell 0 -1
Strong Sell 0 0
Quality scores
Altman Z-Score
0.31
Distress
Piotroski F-Score
2 / 9
Weak
MOAT Score
3 / 10
No MOAT
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
2 / 5
Medium
ROA Score
2 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Insurance - Diversified: +15.2%
    -20.7% Q4'25: -0.6% (vs Q4'23)
  • EPS growth Insurance - Diversified: +25.3%
    +156.5% Q4'25: -108.9% (vs Q4'23)
  • FCF margin FCF growth · Insurance - Diversified: +30.2%
    +1.0% Q4'25: +2.6% (vs Q4'23)
  • EBIT margin Insurance - Diversified: +13.5%
    +3.0% Q4'25: +4.5% (vs Q4'23)
  • ROIC Insurance - Diversified: +4.2%
    +17.1% Q4'25: +51.2% (vs Q4'23)
  • Share dilution Insurance - Diversified: +0.0%
    +0.0% Q4'25: +0.0% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Insurance - Diversified: -0.05×
    0.85× Q4'25: 0.29× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.26) × ERP
WACC = 93% × Ke + 7% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 107.70 Current price: 120.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 1997
actual
Dec 1998
actual
Dec 1999
actual
Dec 2000
actual
Dec 2001
actual
Dec 2002
actual
Dec 2003
actual
Dec 2004
actual
Dec 2005
actual
Dec 2006
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
1.16B
est.
2.15B
est.
2.32B
est.
2.43B
est.
2.65B
est.
1.98B
est.
1.29B
est.
2.47B
est.
3.12B
est.
4.00B
est.
5.36B
est: 4.85B (+10.6%)
4.26B
est: 4.93B (-13.7%)
4.10B
4.10B – 4.10B
-16.9% YoY
3.94B
3.94B – 3.94B
-3.8% YoY
EBITDA
14.39M
est.
537.18M
est.
311.21M
est.
915.22M
est.
-253.28M
est.
-389.59M
est.
-252.71M
est.
-536.71M
est.
-687.90M
est.
49.99M
est.
est: 58.91M (-100.0%)
129.39M
est: 59.86M (+116.2%)
49.74M
49.74M – 49.74M
-16.9% YoY
47.86M
47.86M – 47.86M
-3.8% YoY
EBIT
11.33M
est.
-111.53M
est.
-64.61M
est.
-702.84M
est.
419.46M
est.
469.06M
est.
304.26M
est.
23.71M
est.
828.23M
est.
39.34M
est.
-212.8K
est: 58.42M (-100.4%)
129.39M
est: 59.36M (+118.0%)
49.32M
49.32M – 49.32M
-16.9% YoY
47.47M
47.47M – 47.47M
-3.8% YoY
Net Income
43.84M
est.
106.69M
est.
61.81M
est.
54.15M
est.
41.17M
est.
19.16M
est.
12.43M
est.
15.79M
est.
33.83M
est.
41.51M
est.
-78.52M
est: 47.46M (-265.4%)
44.39M
est: 50.00M (-11.2%)
80.06M
80.06M – 80.06M
+60.1% YoY
89.97M
89.97M – 89.97M
+12.4% YoY
SGA
68.47M
est.
547.22M
est.
317.02M
est.
332.95M
est.
364.97M
est.
286.31M
est.
185.72M
est.
394.44M
est.
505.55M
est.
236.65M
est.
104.88M
est: 203.25M (-48.4%)
est: 206.51M (-100.0%)
171.59M
171.59M – 171.59M
-16.9% YoY
165.13M
165.13M – 165.13M
-3.8% YoY
EPS
3.81
est.
4.39
est.
4.23
est.
4.99
est.
4.32
est.
-2.63
est.
0.67
est.
1.38
est.
2.05
est.
3.62
est.
-6.82
est: 4.12 (-265.5%)
3.85
est: 4.34 (-11.3%)
6.95
6.95 – 6.95
+60.1% YoY
7.81
7.81 – 7.81
+12.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-28 B- 2/5 4/5 2/5 2/5 3/5 1/5 2/5
2026-05-25 B- 2/5 4/5 2/5 2/5 3/5 1/5 2/5
2026-05-22 B- 2/5 4/5 2/5 2/5 3/5 1/5 2/5
2026-05-21 B- 2/5 4/5 2/5 2/5 3/5 1/5 2/5
2026-05-20 B- 2/5 4/5 2/5 2/5 3/5 1/5 2/5
2026-05-19 B- 2/5 4/5 2/5 2/5 3/5 1/5 2/5
2026-05-18 B- 2/5 4/5 2/5 2/5 3/5 1/5 2/5
2026-05-15 C+ 2/5 3/5 2/5 2/5 3/5 1/5 2/5
2026-05-14 C+ 2/5 3/5 2/5 2/5 3/5 1/5 2/5
2026-05-13 C+ 2/5 3/5 2/5 2/5 3/5 1/5 2/5
2026-05-12 C+ 2/5 3/5 2/5 2/5 3/5 1/5 2/5
2026-05-11 C+ 2/5 3/5 2/5 2/5 3/5 1/5 2/5
2026-05-08 C+ 2/5 3/5 2/5 2/5 3/5 1/5 2/5
2026-05-07 C+ 2/5 3/5 2/5 2/5 3/5 1/5 2/5
2026-05-06 C+ 2/5 3/5 2/5 2/5 3/5 1/5 2/5
2026-05-05 C+ 2/5 3/5 2/5 2/5 3/5 1/5 2/5
2026-05-04 C+ 2/5 3/5 2/5 2/5 3/5 1/5 2/5
2026-04-30 B- 2/5 3/5 2/5 3/5 3/5 1/5 2/5
2026-04-29 B- 2/5 3/5 2/5 3/5 3/5 1/5 2/5
2026-04-28 B- 2/5 3/5 2/5 3/5 3/5 1/5 2/5
2026-04-27 B- 2/5 3/5 2/5 3/5 3/5 1/5 2/5
2026-04-24 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-23 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-22 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-21 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-20 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-17 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5
2026-04-16 C+ 2/5 4/5 1/5 1/5 2/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
138.43M
OE per share TTM
12.01
Owner's Yield
9.85%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
5.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
30.8K
Shares Outstanding
11.51M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Andreas Politycki Member of the Management Board 729.0K male
Christine Kaaz Member of the Management Board 729.0K female
Katja Briones-Schulz Member of the Management Board 729.0K female
Peter Ott Member of the Management Board 729.0K
Wolfram Politt Member of the Management Board 729.0K male
Harald Rosenberger CEO & Chairman of Management Board 544.0K male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits