Dunav Re a.d (XBEL:DNREM) EV-to-FCF: 1.17 (As of Aug. 22, 2026) — 46% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBEL:DNREM Dunav Re a.d XBEL:DNREM
70 GF Score
Price RSD7,600.00
GF Value RSD5,184.47
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Dunav Re a.d EV-to-FCF?

Dunav Re a.d XBEL:DNREM 70 EV-to-FCF is 1.17 as of Aug. 22, 2026, which is 46% below its 10-year median of 2.16. GuruFocus rates XBEL:DNREM with a GF Score™ of 70/100 and a GF Value™ of RSD5,184.47 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 390 Insurance companies, Dunav Re a.d ranks better than 91.54% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Dunav Re a.d's Enterprise Value is RSD1,958 Mil. Dunav Re a.d's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was RSD1,672 Mil. Therefore, Dunav Re a.d's EV-to-FCF for today is 1.17.

The historical rank and industry rank for Dunav Re a.d's EV-to-FCF or its related term are showing as below:

XBEL:DNREM' s EV-to-FCF Range Over the Past 10 Years
Min: -2.18   Med: 2.16   Max: 7.14
Current: 1.17

During the past 13 years, the highest EV-to-FCF of Dunav Re a.d was 7.14. The lowest was -2.18. And the median was 2.16.

XBEL:DNREM's EV-to-FCF is ranked better than
91.54% of 390 companies
in the Insurance industry
Industry Median: 9.31 vs XBEL:DNREM: 1.17

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-08-22), Dunav Re a.d's stock price is RSD7600.00. Dunav Re a.d's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was RSD911.412. Therefore, Dunav Re a.d's PE Ratio (TTM) for today is 8.34.


Dunav Re a.d  (XBEL:DNREM) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Dunav Re a.d's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=7600.00/911.412
=8.34

Dunav Re a.d's share price for today is RSD7600.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Dunav Re a.d's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was RSD911.412.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Dunav Re a.d EV-to-FCF Related Terms


Dunav Re a.d EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Dunav Re a.d's EV-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dunav Re a.d EV-to-FCF Chart

Dunav Re a.d Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.16 2.64 -1.66 -1.33 3.05

Dunav Re a.d Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.66 0.00 -1.33 0.00 3.05

XBEL:DNREM vs RGA, EG, RNR: EV-to-FCF Comparison

For the Insurance - Reinsurance subindustry, Dunav Re a.d's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dunav Re a.d EV-to-FCF vs Insurance Industry

For the Insurance industry and Financial Services sector, Dunav Re a.d's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Dunav Re a.d's EV-to-FCF falls into.


XBEL:DNREM
70GF Score
Dunav Re a.d XBEL:DNREM
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dunav Re a.d EV-to-FCF Calculation

Dunav Re a.d's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=1957.734/1671.662
=1.17

Dunav Re a.d's current Enterprise Value is RSD1,958 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Dunav Re a.d's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was RSD1,672 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 1.17 mean?
Dunav Re a.d (XBEL:DNREM) has a EV-to-FCF of 1.17 as of Aug. 22, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Dunav Re a.d and its competitors. This is 46% below median its historical median of 2.16. According to the industry distribution chart, Dunav Re a.d ranks #33 out of 390 companies in the Insurance industry, placing it in the top 8.5%.
Is Dunav Re a.d's EV-to-FCF too high?
Dunav Re a.d's current EV-to-FCF of 1.17 is 46% below median its 10-year median of 2.16. The Insurance industry median EV-to-FCF is 9.31. Dunav Re a.d's value of 1.17 is 87.4% below this industry median. Based on the distribution chart, Dunav Re a.d ranks #33 out of 390 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Dunav Re a.d has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dunav Re a.d's EV-to-FCF compare to RGA and EG?
According to the Insurance industry distribution chart, Dunav Re a.d ranks #33 out of 390 companies for EV-to-FCF. This places Dunav Re a.d in the top 9% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 9.31. Dunav Re a.d's value of 1.17 is 87.4% below this benchmark. While the company's 10-year median is 2.16 vs. the industry median of 9.31, Dunav Re a.d has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Insurance company?
The median EV-to-FCF among Insurance companies is 9.31, based on 390 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dunav Re a.d's current EV-to-FCF of 1.17 is 87.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Dunav Re a.d and its competitors. For the Insurance industry, the median EV-to-FCF is 9.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dunav Re a.d's current EV-to-FCF is 1.17, which is 46% below median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dunav Re a.d stock overvalued right now?
Based on GuruFocus' analysis, Dunav Re a.d (XBEL:DNREM) is currently considered Significantly Overvalued. The stock's GF Value™ is RSD5,184.47, compared to a current price of RSD7,600.00 — trading 46.6% above its estimated fair value. The current EV-to-FCF is 1.17, which is 46% below median its 10-year median of 2.16 and 87.4% below the Insurance industry median of 9.31. Dunav Re a.d's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Dunav Re a.d (XBEL:DNREM), the current EV-to-FCF is 1.17 as of Aug. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dunav Re a.d (XBEL:DNREM) Overvalued in 2026?

Based on GuruFocus' analysis, Dunav Re a.d stock appears to be overvalued. The current stock price of RSD7,600.00 is trading 46.6% above its estimated GF Value™ of RSD5,184.47. GuruFocus considers Dunav Re a.d to be Significantly Overvalued.

Key valuation signals for XBEL:DNREM:

  • EV-to-FCF: 1.17 (46% below median its 10-year median of 2.16)
  • GF Value™: RSD5,184.47 vs. price of RSD7,600.00 (46.6% above fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 87.4% below the Insurance median (#33 of 390)

No single metric tells the full story. See the XBEL:DNREM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dunav Re a.d Business Description

Address Bulevar kralja Aleksandra 18, 1st floor, Beograd, SRB, 11000
Dunav Re a.d is a joint-stock reinsurance company. It provides reinsurance protection. It operates in countries such as Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, Albania, Turkish part of Cyprus, Germany, Russia, Bulgaria, North Africa (Morocco, Algeria), Asia-Emirates.
70GF Score

Get the complete analysis for XBEL:DNREM

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RSD7,600.00
Price
RSD5,184.47
GF Value