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Mapfre, SA
(BME:MAP)
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Rating:68Neutral
Price Target:
€5.00
▲(15.47% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by improved profitability and a stronger leverage profile, supported by constructive price trends and a reasonable valuation with a solid dividend yield. The main constraint is financial consistency risk, particularly the sharp 2025 revenue decline and historically volatile cash conversion.
Positive Factors
Improving Profitability
Mapfre's margin expansion and higher net income indicate stronger underwriting discipline and cost control, bolstering sustainable earnings power. Improved profitability provides a durable buffer against claim volatility, supports ongoing dividend capacity and reinvestment, and strengthens long-term capital accumulation for an insurer.
Negative Factors
Top-line Volatility
Material swings in revenue, notably a 16.6% decline in 2025, weaken predictability of premium income and make long-term planning harder. Persistent top-line instability can reduce underwriting scale, shrink investment float, complicate reserving, and increase the difficulty of sustaining steady growth and capital returns across multi-quarter to multi-year horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
Mapfre's margin expansion and higher net income indicate stronger underwriting discipline and cost control, bolstering sustainable earnings power. Improved profitability provides a durable buffer against claim volatility, supports ongoing dividend capacity and reinvestment, and strengthens long-term capital accumulation for an insurer.
Read all positive factors
Mapfre, SA (MAP) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€13.48B
Dividend Yield4.1%
Average Volume (3M)3.39M
Price to Earnings (P/E)11.5
Beta (1Y)0.88
Revenue Growth4.58%
EPS Growth10.93%
CountryES
Employees30,846
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)0.39
Shares Outstanding3,079,553,200
10 Day Avg. Volume3,747,580
30 Day Avg. Volume3,389,068
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)1.40
Price to Sales (P/S)0.50
P/FCF Ratio9.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€3.78Price Target Upside-12.70% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.41
Revenue Forecast (FY)€29.48B
Mapfre, SA Business Overview & Revenue Model
Company Description
Mapfre, S.A. functions as a worldwide purveyor of insurance and reinsurance products. Its comprehensive offerings encompass personal coverage such as life, health, accident, and burial policies, in addition to financial planning vehicles like savi...
How the Company Makes Money
MAPFRE makes money primarily by underwriting insurance and reinsurance risk and by investing the premiums it collects. (1) Insurance underwriting: The core revenue stream is premium income from policyholders across non-life (e.g., motor, home, com...
Mapfre, SA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.19B | 26.36B | 25.83B | 25.64B | 21.67B | 20.58B |
| Gross Profit | 25.54B | 20.30B | 20.26B | 20.28B | 16.76B | 15.97B |
| EBITDA | 628.87M | 2.52B | 2.10B | 1.96B | 1.55B | 1.59B |
| Net Income | 1.18B | 1.13B | 967.50M | 677.20M | 563.60M | 765.20M |
Balance Sheet | ||||||
| Total Assets | 61.62B | 58.51B | 56.71B | 54.95B | 59.63B | 63.85B |
| Cash, Cash Equivalents and Short-Term Investments | 26.49B | 25.24B | 24.93B | 2.09B | 28.08B | 32.28B |
| Total Debt | 2.90B | 3.33B | 3.00B | 3.05B | 4.64B | 3.38B |
| Total Liabilities | 50.49B | 48.00B | 46.72B | 45.29B | 51.27B | 54.19B |
| Stockholders Equity | 10.04B | 9.41B | 8.89B | 8.47B | 7.80B | 8.46B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.42B | 1.21B | 1.40B | 854.30M | -611.60M |
| Operating Cash Flow | 0.00 | 1.64B | 1.50B | 1.62B | 1.08B | -485.90M |
| Investing Cash Flow | 0.00 | -405.20M | -746.90M | -673.60M | -198.50M | 1.31B |
| Financing Cash Flow | 0.00 | -934.00M | -1.09B | -1.28B | -724.30M | -369.40M |
Mapfre, SA Technical Analysis
Positive
4.33
Price Trends
4.29
Positive
4.13
Positive
4.02
Positive
Market Momentum
0.03
Positive
52.58
Neutral
79.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:MAP, the sentiment is Positive. The current price of 4.33 is below the 20-day moving average (MA) of 4.43, above the 50-day MA of 4.29, and above the 200-day MA of 4.02, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 52.58 is Neutral, neither overbought nor oversold. The STOCH value of 79.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:MAP.
Mapfre, SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | €1.40B | 10.30 | 32.79% | 3.24% | 10.28% | 13.83% | |
75 Outperform | €136.94B | 12.80 | 19.31% | 3.53% | -8.98% | 6.81% | |
69 Neutral | €188.68B | 11.58 | 15.48% | 1.96% | 8.23% | 24.66% | |
69 Neutral | €9.04B | 13.84 | 9.44% | 8.48% | -6.69% | 5.62% | |
68 Neutral | €13.48B | 11.45 | 12.49% | 4.18% | 4.58% | 10.93% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
ES:MAP
Mapfre, SA
4.41
0.81
22.57%
ES:SAN
Banco Santander
12.85
5.01
63.93%
ES:BBVA
Banco Bilbao Vizcaya Argentaria
24.70
9.29
60.23%
ES:UNI
Unicaja Banco SA
3.54
1.26
55.65%
ES:LDA
Linea Directa Aseguradora SA
1.29
-0.05
-3.67%
ES:INDXA
Indexa Capital Group, S.A.
15.70
4.90
45.37%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.