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Mapfre, S.A (MAP) Fair Value & Analysis

Financial Services · ES · Market cap €13.6B

MS Mapfre, S.A MAP · MC
Price€4.47
Fair Value€4.81
Upside+7.5%
Quality64/100
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Healthy Growth
Thin margins · 3.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/15)
Moderate moat 48/100
Evidence: High Range €3.60 – €6.01 Share as image

Fair value as of: Jul 17, 2026

From 25 valuation models · updated 21 days ago

Share price +1.6% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

€4.54 €1.25 Fair Value €4.81 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range €1.25 – €4.54 · fair‑value band €3.60 – €6.01 · the €4.47 price screens below the €4.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Mapfre, S.A (MAP) currently trades at €4.47, while our model-based Fair Value estimate is €4.81, implying the stock looks roughly 7.5% fairly valued today. We read business quality at 64/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Mapfre, S.A generated revenue of €29.9B at a net margin of 3.9%. Revenue declined 1.5% year over year. It earns a return on equity of 18.3%. Net debt stands at €1.4B. Fundamentals as of Jul 17, 2026

Our scenario range runs from €3.60 (bear case) to €6.01 (bull case); at €4.47, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 8%, MAP screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €4.86 €6.84 €9.52 80
Residual Income €2.86 €3.31 €5.30 76
Rev-Margin DCF €6.05 €9.64 €13.44 74
All 25 models by family
DCF Models
FCF DCF €4.71 €6.82 €9.80 38
Owner Earnings €4.02 €5.84 €8.40 31
5Y Revenue Exit €6.05 €9.61 €14.01 39
5Y EBITDA Exit €6.59 €10.57 €15.01 41
5Y P/E Exit €4.67 €7.17 €9.64 38
10Y Revenue Exit €5.28 €8.37 €12.18 36
10Y EBITDA Exit €5.84 €9.02 €12.91 37
10Y P/E Exit €4.64 €6.72 €9.02 35
Earnings-Based
Graham-Dodd €2.51 €5.65 €7.22 54
PEG = 1.0 €0.9200 €1.32 €1.71 46
EPV €5.38 €6.32 €7.13 59
Dividend Discount
Gordon GGM €3.55 €5.76 €8.29 70
DDM Multi-Stage €3.55 €5.17 €6.99 61
Multiples
P/E Multiple €5.54 €7.39 €9.24 63
P/S Multiple €4.71 €6.28 €7.86 58
P/B Multiple €4.71 €6.28 €7.86 55
EV/EBIT €10.92 €14.63 €18.34 53
EV/EBITDA €8.81 €11.82 €14.83 54
EV/Revenue €7.30 €10.51 €13.72 43
Asset-Based
NCAV (Graham) €1.54 €2.06 €3.07 50
Growth DCF
Growth DCF €4.86 €6.84 €9.52 80
Rev-Margin DCF €6.05 €9.64 €13.44 74
Economic Profit
Residual Income €2.86 €3.31 €5.30 76
ROIC Compounder €5.60 €6.90 €8.30 72
Growth Earnings
Growth-Adj P/E €4.16 €5.94 €7.72 68

Widest divergence: Multiples (€7.39) versus Asset-Based (€2.06). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €29.9B
Revenue growth (YoY) -1.5%
Net margin 3.9%
Return on equity 18.3%
Free cash flow €1.4B FY2025
P/E ratio 10.9
More key figures
Operating margin 10.2%
EPS (TTM) €0.3700
EPS growth (YoY) -3.2%
Net debt €1.4B FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 48 · Market factors (momentum, volatility) 75

Profitability 39
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Mapfre, S.A., together with its subsidiaries, engages in insurance, reinsurance, and financial activities in Spain. The company offers life; health; accident; property and casualty protection that include automobile insurance, homeowner and commercial risk, and family third-party liability insurance; savings and investment; retirement; burial; travel and …

Full company description

Mapfre, S.A., together with its subsidiaries, engages in insurance, reinsurance, and financial activities in Spain. The company offers life; health; accident; property and casualty protection that include automobile insurance, homeowner and commercial risk, and family third-party liability insurance; savings and investment; retirement; burial; travel and leisure insurance; and agriculture and livestock insurance products. It also provides investment and pension funds; reinsurance services; insurance for businesses; and business multirisk insurance. The company serves its products to companies, small, medium, and large corporations, as well as to professionals, entrepreneurs, the self-employed, and small businesses. 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. operates as a subsidiary of Cartera Mapfre, S.L.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mapfre, S.A reported revenue of €26.4B in FY2025 versus €20.6B in FY2021, a compound +6.4%/yr. Reported net income was €1.1B in FY2025, compounding +2.3%/yr from FY2021.

Growth Quality 73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€26.4B
Latest YoY
+2.0%
Avg. growth/yr (3Y)
+6.7%
Avg. growth/yr (5Y)
+6.6%
Avg. growth/yr (25Y)
−12.4%
Revenue +6.4%/yr
FY21 €20.6B
FY22 €21.7B
FY23 €25.6B
FY24 €25.8B
FY25 €26.4B
Net income +2.3%/yr
FY21 €1.0B
FY22 €564M
FY23 €677M
FY24 €968M
FY25 €1.1B

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Cite: Fair Value Calculator (2026). "Mapfre, S.A Fair Value". https://www.fairvalue-calculator.com/stock/MAP

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Insurance - Diversified · 84 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 60 · Above median
Fair Value upside +8% · Below median
Return on equity (TTM) 18% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Bottom 25%
Operating margin (TTM) 10% · Below median
Revenue growth -2% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.27× · Higher than median

Valuation Multiples vs Insurance - Diversified median · lower = cheaper

P/E (TTM) 12.0× · Cheaper than median
P/B 1.67× · Pricier than median
P/S (TTM) 0.52× · Cheaper than median
P/FCF 11.0× · Pricier than 75% of peers
EV/EBITDA 4.3× · Cheaper than median
PEG 2.59× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 43 · sector 43
FUTURE 0 · sector 31
PAST 73 · sector 49
HEALTH 86 · sector 89
DIVIDEND 0 · sector 45

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Insurance - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Berkshire Hathaway Inc BRKB 8,562 MXN 10,844 MXN +27%
Allianz SE ALV €421.00 €369.31 -12%
Zurich Insurance Group ZURN CHF 624.40 CHF 619.80 -1%
AXA SA AXAN 888.28 MXN 1,249 MXN +41%
Assicurazioni Generali S.p.A G €42.90 €12.18 -72%
Sun Life Financial Inc SLF C$114.20 C$87.83 -23%
BB Seguridade Participações S.A BBSE3 R$40.71 R$60.39 +48%
Tryg A/S TRYG kr 154.00 kr 116.45 -24%
PT Sinar Mas Multiartha Tbk SMMA 20,625 IDR 4,176 IDR -80%
Caixa Seguridade Participações S.A CXSE3 R$21.77 R$18.60 -15%

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Frequently asked questions

Is Mapfre, S.A (MAP) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of €4.81 versus a price of €4.47, about +8% (fairly valued).
What is the fair value of MAP?
Our model-based fair value for Mapfre, S.A is €4.81 (as of Jul 17, 2026), built from audited fundamentals. The current price is €4.47.
What is the quality score of MAP?
Mapfre, S.A has a Quality Score of 64/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Mapfre, S.A (MAP)?
Mapfre, S.A reported trailing-twelve-month revenue of about €29.9B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of MAP?
The net profit margin of Mapfre, S.A is about 3.9%, meaning it keeps roughly 3.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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