MAPFRE, S.A.Short
WEEKLY MAPFRE: -36.1% YoY 2022Q4 profits and #batpattern
FUNDAMENTAL AND TECHNICAL ANALYSIS
FUNDAMENTAL
2022 EPS Q4 better than expected: 0.0503 (exp. 0.0388). Issued premiums revenue 5.895B (exp. 5.83B). Nevertheless, -36.1% YoY Q4 profits.
Final dividend of 14.5 cents, payout 69.5%.
Conclusion: weak 2022 results overall give the share price a PER of 8.83 at price 1.842. P of PER increases, an overvaluation could be happening at the moment.
TECHNICAL
Aside from the weak results, there might be a formation of a bearish bat pattern underway whose prophecy is not as good for investors as the previous inverse head and shoulders that appeared post-pandemic.
FUNDAMENTAL
2022 EPS Q4 better than expected: 0.0503 (exp. 0.0388). Issued premiums revenue 5.895B (exp. 5.83B). Nevertheless, -36.1% YoY Q4 profits.
Final dividend of 14.5 cents, payout 69.5%.
Conclusion: weak 2022 results overall give the share price a PER of 8.83 at price 1.842. P of PER increases, an overvaluation could be happening at the moment.
TECHNICAL
Aside from the weak results, there might be a formation of a bearish bat pattern underway whose prophecy is not as good for investors as the previous inverse head and shoulders that appeared post-pandemic.
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