AV.

Aviva (AV.)

Company name:	Aviva Plc
Company Description:	An insurance group engaged in the provision of life and pension products and whose main activities are long-term savings; fund management and general insurance
EPIC:	AV.	Trading Currency:	GBX
Market Sector:	FS10	ISIN:	GB00BPQY8M80
Market Segment:	SET1	Share Type:	DE
WWW Address:	http://www.aviva.com/	Description:	ORD 32 17/19P
Industry Sector:	LIFE INSURANCE

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
444.80	-0.7 [-0.16]	444.20	444.30	443.60	445.80	440.60	4,443,439
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
17,474.72	3,928.67	0.20	50.10	22.05	8.88	4.96	473.50 - 361.20

Aviva Key Figures

Key Figures
(at previous day's close)
Market Cap.	17,474.72	m
Shares In Issue	3,928.67	m
Prev. Close	445.50
PE Ratio	8.88
Dividend Yield	4.96	%
EPS - basic	50.10	p
Dividend PS	22.05	p
Dividend Cover	2.27
Cash Flow PS	-72.75	p
Return On Equity (ROE)	10.24	%
Operating Margin	2.41	%
PEG Factor	-0.31
EPS Growth Rate	-28.63	%
Dividends PS Growth Rate	5.00	%
Net Debt	326,535.01	m
Gross Gearing	94.57	%
Quick Assets	62,617.00	m
Net Working Capital	-	m
Intangibles / Fixed Assets	1.25	%
Turnover PS	844.66	p
Pre-Tax Profit PS	20.39	p
Retained Profit PS	21.79	p
Cash PS	317.79	p
Net Cash PS	317.79	p
Net Tangible Asset Value PS *	394.82	p
Net Asset Value PS	495.18	p
Spread	0.10 (0.02%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Aviva Balance Sheet

%1$s Balance Sheet

Share Price Performance

Share Price Performance
Sample Period ^†	High	Low
1 week	457.00	435.10
4 weeks	460.80	419.00
12 weeks	460.80	366.80
1 year	473.50	361.20

Share Price Chart (5 years)

Aviva Historic Returns

%1$s Historic Returns
Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	456.10	-11.30	-2.48	435.10	7.49		448.71
4 weeks	420.00	24.80	5.90	419.00	5.69		444.36
12 weeks	437.10	7.70	1.76	366.80	6.79		419.09
26 weeks	425.30	19.50	4.58	366.80	7.23		417.21
1 year	390.00	54.80	14.05	361.20	8.77		419.36
3 years	406.70	38.10	9.37	205.70	10.89		357.68
5 years	511.50	-66.70	-13.04	205.70	10.82		392.79
† periods calculated are whole weeks rather than calendar months

Aviva Key Management Ratios

DEEPER ANALYSIS

Aviva Investment Ratios

%1$s Investment Ratios
(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	8.88
Tobin's Q Ratio	0.04
Tobin's Q Ratio (excl. intangibles)	0.04
Dividend Yield	4.96	%
Market-to-Book Ratio	0.91
Price-to-Pre-Tax Profit PS	21.82
Price-to-Retained Profit PS	20.41
Price-to-Cash Flow PS	-6.11
Price-to-Sales PS	0.53
Price-to-Net Tangible Asset Value PS	1.11
Price-to-Cash PS	1.40
Net Working Capital PS	-
Price Pct to Working Capital PS	-	%
Earnings Yield	11.26	%
Average PE	8.74
Years in average	5
PE to PE average	101.61	%

Aviva Financial Ratios

%1$s Financial Ratios
(Leverage Ratios)
Debt Ratio	94.57	%
Debt-to-Equity Ratio	17.43
Debt-to-Equity Ratio (excl. Intgbl)	21.51
Debt-to-Equity Market Value	19.40
Net Gearing	91.09	%
Net Gearing (excl. Intangibles)	92.04	%
Gross Gearing	94.57	%
Gross Gearing (excl. Intangibles)	95.56	%
Gearing Under 1 Year	-	%
Gearing Under 1 Year (excl. Intgbl)	-	%
Assets/Equity	18.43
Cash/Equity	64.18
(Liquidity Ratios)
Net Working Capital to Total Assets	17.47	%
Current Ratio	-
Quick Ratio (Acid Test)	-
Liquidity Ratio	-
Cash & Equiv/Current Assets	19.94	%
(Solvency Ratios)
Enterprise Value	344,261.73	m
CFO/Sales	-0.09
CFO/Attributable Profit	-
CFO/Assets	-0.01
CFO/Debt	-0.01
Total Debt/Equity Market Value	19.40
Total Debt/Sales	10.22
Total Debt/Pre-Tax Profit	423.25
Total Debt	339,020.01	m
Total Debt/Net Current Assets	5.41	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	7.44	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	11

Beta coefficients
Beta (60-Mnth)	Beta (36-Mnth)
0.1999	0.1714

Aviva Operating Ratios

%1$s Operating Ratios
(Profitability Ratios)
Return On Capital Employed (ROCE)	0.22	%
Return On Assets (ROA)	0.47	%
Net Profit Margin	5.92	%
Assets Turnover	0.08
Return On Equity (ROE)	10.24	%
Return On Investment (ROI)	0.47	%
Dividend Payout Ratio	44.01	%
Plowback Ratio	55.99	%
Growth from Plowback Ratio	5.68	%
Net Income Of Revenues	2.58	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.71
Fixed Assets Turnover	0.10
Current Assets Turnover	0.43
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	12.63
Debtors-to-Sales	160.03	%
Debt Collection Period	584.10	Days

Aviva Dividends

%1$s Dividends
Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
10 Aug 2022	Interim	GBX	10.30	31/12/2021	31/12/2022	18/08/2022	19/08/2022	28/09/2022	-
02 Mar 2022	Final	GBX	14.70	31/12/2020	31/12/2021	07/04/2022	08/04/2022	18/05/2022	22.05
12 Aug 2021	Interim	GBX	7.35	31/12/2020	31/12/2021	26/08/2021	27/08/2021	07/10/2021	-
04 Mar 2021	Final	GBX	14.00	31/12/2019	31/12/2020	08/04/2021	09/04/2021	14/05/2021	21.00
26 Nov 2020	Interim	GBX	7.00	31/12/2019	31/12/2020	10/12/2020	11/12/2020	21/01/2021	-
06 Aug 2020	Interim	GBX	6.00	31/12/2018	31/12/2019	14/08/2020	15/08/2020	24/09/2020	15.50
08 Aug 2019	Interim	GBX	9.50	31/12/2018	31/12/2019	15/08/2019	16/08/2019	26/09/2019	-
07 Mar 2019	Final	GBX	20.75	31/12/2017	31/12/2018	11/04/2019	12/04/2019	30/05/2019	31.00
02 Aug 2018	Interim	GBX	9.25	31/12/2017	31/12/2018	16/08/2018	17/08/2018	24/09/2018	-
08 Mar 2018	Final	GBX	19.00	31/12/2016	31/12/2017	05/04/2018	06/04/2018	17/05/2018	27.40
03 Aug 2017	Interim	GBX	8.40	31/12/2016	31/12/2017	06/10/2017	07/10/2017	17/11/2017	-
09 Mar 2017	Final	GBX	15.88	31/12/2015	31/12/2016	06/04/2017	07/04/2017	17/05/2017	23.30
04 Aug 2016	Interim	GBX	7.42	31/12/2015	31/12/2016	06/10/2016	07/10/2016	17/11/2016	-
10 Mar 2016	Final	GBX	14.05	31/12/2014	31/12/2015	07/04/2016	08/04/2016	17/05/2016	20.80
06 Aug 2015	Interim	GBX	6.75	31/12/2014	31/12/2015	08/10/2015	09/10/2015	17/11/2015	-
05 Mar 2015	Final	GBX	12.25	31/12/2013	31/12/2014	08/04/2015	09/04/2015	15/05/2015	18.10
07 Aug 2014	Interim	GBX	5.85	31/12/2013	31/12/2014	08/10/2014	10/10/2014	17/11/2014	-
06 Mar 2014	Final	GBX	9.40	31/12/2012	31/12/2013	02/04/2014	04/04/2014	16/05/2014	15.00
08 Aug 2013	Interim	GBX	5.60	31/12/2012	31/12/2013	09/10/2013	11/10/2013	15/11/2013	-
07 Mar 2013	Final	GBX	9.00	31/12/2011	31/12/2012	20/03/2013	22/03/2013	17/05/2013	19.00
09 Aug 2012	Interim	GBX	10.00	31/12/2011	31/12/2012	19/09/2012	21/09/2012	16/11/2012	-
08 Mar 2012	Final	GBX	16.00	31/12/2010	31/12/2011	21/03/2012	23/03/2012	17/05/2012	26.00
04 Aug 2011	Interim	GBX	10.00	31/12/2010	31/12/2011	21/09/2011	23/09/2011	17/11/2011	-
03 Mar 2011	Final	GBX	16.00	31/12/2009	31/12/2010	23/03/2011	25/03/2011	17/05/2011	25.50
05 Aug 2010	Interim	GBX	9.50	31/12/2009	31/12/2010	22/09/2010	24/09/2010	17/11/2010	-
04 Mar 2010	Final	GBX	15.00	31/12/2008	31/12/2009	03/03/2010	05/03/2010	17/05/2010	24.00
06 Aug 2009	Interim	GBX	9.00	30/12/2008	30/06/2009	23/09/2009	25/09/2009	17/11/2009	-
05 Mar 2009	Final	GBX	19.91	31/12/2007	31/12/2008	25/03/2009	27/03/2009	19/05/2009	33.00
06 Nov 2008	Interim	GBX	13.09	30/12/2007	30/06/2008	24/09/2008	26/09/2008	17/11/2008	-
28 Feb 2008	Final	GBX	21.00	31/12/2006	31/12/2007	26/03/2008	28/03/2008	16/05/2008	33.00
09 Aug 2007	Interim	GBX	11.90	30/12/2006	30/06/2007	19/09/2007	21/09/2007	16/11/2007	-
25 Feb 2007	Final	GBX	19.18	31/12/2005	31/12/2006	07/03/2007	09/03/2007	17/05/2007	30.00
09 Aug 2006	Interim	GBX	10.82	30/12/2005	30/06/2006	16/08/2006	18/08/2006	17/11/2006	-
02 Mar 2006	Final	GBX	17.44	31/12/2004	31/12/2005	08/03/2006	10/03/2006	17/05/2006	27.27
11 Aug 2005	Interim	GBX	9.83	30/12/2004	30/06/2005	17/08/2005	19/08/2005	17/11/2005	-
04 Feb 2005	Final	GBX	16.00	31/12/2003	31/12/2004	16/03/2005	18/03/2005	17/05/2005	25.36
04 Aug 2004	Interim	GBX	9.36	30/12/2003	30/06/2004	11/08/2004	13/08/2004	17/11/2004	-
25 Feb 2004	Final	GBX	15.15	31/12/2002	31/12/2003	24/03/2004	26/03/2004	17/05/2004	24.15
31 Jul 2003	Interim	GBX	9.00	30/12/2002	30/06/2003	24/09/2003	26/09/2003	17/11/2003	-
26 Feb 2003	Final	GBX	14.25	31/12/2001	31/12/2002	26/03/2003	28/03/2003	16/05/2003	23.00
01 Aug 2002	Interim	GBX	8.75	30/12/2001	30/06/2002	25/09/2002	27/09/2002	15/11/2002	-
27 Feb 2002	Final	GBX	23.75	31/12/2000	31/12/2001	27/03/2002	02/04/2002	17/05/2002	38.00
02 Aug 2001	Interim	GBX	14.25	30/12/2000	30/06/2001	26/09/2001	28/09/2001	15/11/2001	-
27 Feb 2001	Final	GBX	23.75	31/12/1999	31/12/2000	28/03/2001	30/03/2001	17/05/2001	38.00
02 Aug 2000	Interim	GBX	14.25	30/12/1999	30/06/2000	25/09/2000	29/09/2000	17/11/2000	-

Aviva Fundamentals

Profit and Loss Account
	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
turnover	28,659.00	100.00%	67,981.00	100.00%	46,569.00	100.00%	33,184.00	100.00%	m
pre tax profit	1,652.00	5.76%	3,933.00	5.79%	2,613.00	5.61%	801.00	2.41%	m
attributable profit	1,568.00	5.47%	2,548.00	3.75%	2,798.00	6.01%	1,966.00	5.92%	m
retained profit	440.00	1.54%	1,364.00	2.01%	2,562.00	5.50%	856.00	2.58%	m
eps - basic (p)	38.20		63.80		70.20		50.10
eps - diluted (p)	37.80		63.10		69.80		49.70
dividends per share	31.00		15.50		21.00		22.05

Aviva Balance Sheet

Balance Sheet
	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)


	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
ASSETS
fixed assets	548.00	0.13%	889.00	0.19%	768.00	0.16%	428.00	0.12%	m
intangibles	5,073.00	1.18%	4,655.00	1.01%	4,233.00	0.88%	3,691.00	1.03%	m
fixed investments	324,163.01	75.30%	372,931.99	81.06%	384,148.01	80.05%	291,737.99	81.38%	m
current assets - other	8,855.00	2.06%	9,512.00	2.07%	17,733.00	3.70%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	45,355.00	10.54%	52,531.00	11.42%	56,075.00	11.69%	50,132.00	13.98%	m
cash & securities	46,484.00	10.80%	19,524.00	4.24%	16,900.00	3.52%	12,485.00	3.48%	m

TOTAL	430,478.01	100%	460,042.98	100%	479,857.01	100%	358,473.99	100%	m

LIABILITIES
creditors - short	-	-%	569.00	0.12%	114.00	0.02%	-	-%	m
creditors - long	-	-%	-	-%	-	-%	-	-%	m
creditors - other	267,946.00	62.24%	291,451.01	63.35%	306,701.01	63.92%	216,770.00	60.47%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	144,077.00	33.47%	149,338.00	32.46%	152,482.00	31.78%	122,250.00	34.10%	m

TOTAL	412,023.00	95.71%	441,358.01	95.94%	459,297.01	95.72%	339,020.01	94.57%	m

EQUITY
ord cap, reserves	17,489.00	4.06%	17,708.00	3.85%	19,554.00	4.07%	19,202.00	5.36%	m
prefs, minorities	966.00	0.22%	977.00	0.21%	1,006.00	0.21%	252.00	0.07%	m

TOTAL	18,455.00	4.29%	18,685.00	4.06%	20,560.00	4.28%	19,454.00	5.43%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Aviva Cash Flow Statement

%1$s Cash Flow Statement
	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)	31 Dec 2020 (GBP)	31 Dec 2021 (GBP)
Operating CF	5,958.00	5,968.00	-2,684.00	-2,858.00	m
Pre-Financing CF	6,395.00	5,818.00	-2,849.00	-2,784.00	m
Retained CF	2,930.00	3,628.00	-3,733.00	-4,304.00	m

Aviva Brokers

%1$s Brokers
Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC