Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: KSh80.00 (vs KSh66.15 in FY 2024) Full year 2025 results: EPS: KSh80.00 (up from KSh66.15 in FY 2024). Revenue: KSh33.2b (up 8.8% from FY 2024). Net income: KSh5.55b (up 16% from FY 2024). Profit margin: 17% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Feb 18
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Gladys Karuri was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. New Risk • Feb 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kenyan stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (5.6% average weekly change). New Risk • Dec 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). New Risk • Aug 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kenyan stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to KSh267, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 4x in the Insurance industry in Kenya. Total returns to shareholders of 34% over the past three years. Upcoming Dividend • May 22
Upcoming dividend of KSh11.50 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of Kenyan dividend payers (10%). Higher than average of industry peers (3.8%). New Risk • May 18
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Board Change • May 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Gladys Karuri was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • May 09
Jubilee Holdings Limited, Annual General Meeting, May 30, 2025 Jubilee Holdings Limited, Annual General Meeting, May 30, 2025, at 11:00 E. Africa Standard Time. Reported Earnings • Apr 06
Full year 2024 earnings released: EPS: KSh65.00 (vs KSh59.31 in FY 2023) Full year 2024 results: EPS: KSh65.00 (up from KSh59.31 in FY 2023). Revenue: KSh29.0b (up 24% from FY 2023). Net income: KSh4.72b (up 9.8% from FY 2023). Profit margin: 16% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 8% per year. Board Change • Oct 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Non-Executive Director Rosemin Bhanji was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 27
First half 2024 earnings released: EPS: KSh26.53 (vs KSh54.73 in 1H 2023) First half 2024 results: EPS: KSh26.53. Revenue: KSh13.1b (flat on 1H 2023). Net income: KSh2.50b (up 23% from 1H 2023). Profit margin: 19% (up from 16% in 1H 2023). Upcoming Dividend • Sep 02
Upcoming dividend of KSh2.00 per share Eligible shareholders must have bought the stock before 09 September 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 9.4%. Lower than top quartile of Kenyan dividend payers (12%). Higher than average of industry peers (3.9%). Upcoming Dividend • Jun 19
Upcoming dividend of KSh12.30 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 25 July 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 8.0%. Lower than top quartile of Kenyan dividend payers (12%). Higher than average of industry peers (4.2%). Reported Earnings • Jun 16
Full year 2023 earnings released: EPS: KSh59.31 (vs KSh74.54 in FY 2022) Full year 2023 results: EPS: KSh59.31 (down from KSh74.54 in FY 2022). Revenue: KSh23.4b (up 12% from FY 2022). Net income: KSh4.30b (down 20% from FY 2022). Profit margin: 18% (down from 26% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 04
Full year 2023 earnings released: EPS: KSh59.00 (vs KSh88.13 in FY 2022) Full year 2023 results: EPS: KSh59.00 (down from KSh88.13 in FY 2022). Revenue: KSh22.8b (down 33% from FY 2022). Net income: KSh4.42b (down 31% from FY 2022). Profit margin: 19% (in line with FY 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Annonce • Jun 01
Jubilee Holdings Limited, Annual General Meeting, Jun 25, 2024 Jubilee Holdings Limited, Annual General Meeting, Jun 25, 2024, at 11:00 E. Africa Standard Time. New Risk • Apr 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: KSh13.4b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Revenue has declined by 6.4% over the past year. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (KSh13.4b market cap, or US$99.8m). New Risk • Apr 19
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Revenue has declined by 6.4% over the past year. Minor Risk Large one-off items impacting financial results. New Risk • Feb 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kenyan stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 6.4% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (KSh13.2b market cap, or US$82.4m). New Risk • Nov 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (KSh13.2b market cap, or US$87.2m). Upcoming Dividend • Sep 04
Upcoming dividend of KSh2.00 per share at 5.1% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 11 October 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Kenyan dividend payers (11%). In line with average of industry peers (4.8%). New Risk • Jun 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kenyan stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (KSh12.3b market cap, or US$87.8m). Upcoming Dividend • Jun 08
Upcoming dividend of KSh11.00 per share at 4.8% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 26 July 2023. Trailing yield: 4.8%. Lower than top quartile of Kenyan dividend payers (11%). Lower than average of industry peers (5.5%). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to KSh189, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 4x in the Insurance industry in Kenya. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to KSh177, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 5x in the Insurance industry in Kenya. Total loss to shareholders of 27% over the past three years. Upcoming Dividend • Sep 05
Upcoming dividend of KSh1.00 per share Eligible shareholders must have bought the stock before 12 September 2022. Payment date: 11 October 2022. Trailing yield: 3.7%. Lower than top quartile of Kenyan dividend payers (9.4%). Lower than average of industry peers (5.1%). Upcoming Dividend • Jun 16
Upcoming dividend of KSh13.00 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 26 July 2022. Trailing yield: 3.4%. Lower than top quartile of Kenyan dividend payers (10%). Lower than average of industry peers (5.2%). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Non-Executive & Independent Director Jane Mwangi was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Mar 10
IPS Industrial Promotion Services Ltd. and Jubilee Holdings Limited (NASE:JUB) completed the acquisitions of 19% in SEACOM Ltd. for approximately $600 million. IPS Industrial Promotion Services Ltd. and Jubilee Holdings Limited (NASE:JUB) made a bid to acquire an unknown majority stake in SEACOM Ltd. for approximately $600 million on July 10, 2020. Aga Khan Fund for Economic Development parent of buyers already owns a significant stake in Seacom through IPS and post completion, IPS will indirectly owns 25% voting rights and 10% economic rights in SEACOM. Upon completion, Aga Khan Fund for Economic Development will hold indirectly 100% in SEACOM. This transaction is subject to approval of Comesa Competition Commission. Marita van der Walt and Mike Conradi of DLA Piper LLP of legal advisor to SEACOM Ltd.
IPS Industrial Promotion Services Ltd. and Jubilee Holdings Limited (NASE:JUB) completed the acquisitions of 19% in SEACOM Ltd. for approximately $600 million on March 8,2022.. Upcoming Dividend • Sep 06
Upcoming dividend of KSh1.00 per share Eligible shareholders must have bought the stock before 13 September 2021. Payment date: 11 October 2021. Trailing yield: 2.5%. Lower than top quartile of Kenyan dividend payers (7.7%). Lower than average of industry peers (3.9%). Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 21% share price gain to KSh380, the stock trades at a trailing P/E ratio of 7.6x. Average forward P/E is 11x in the Insurance industry in Africa. Total loss to shareholders of 17% over the past three years. Upcoming Dividend • May 21
Upcoming dividend of KSh8.00 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 26 July 2021. Trailing yield: 3.2%. Lower than top quartile of Kenyan dividend payers (8.0%). Lower than average of industry peers (4.0%). Is New 90 Day High Low • Jan 07
New 90-day high: KSh290 The company is up 7.0% from its price of KSh270 on 09 October 2020. The Kenyan market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is down 1.0% over the same period. Is New 90 Day High Low • Oct 02
New 90-day high: KSh292 The company is up 17% from its price of KSh250 on 03 July 2020. The Kenyan market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 2.0% over the same period. Annonce • Oct 01
Allianz SE (XTRA:ALV) agreed to acquire an unknown majority stake in Five Subsidiaries of Jubilee Holdings Limited (NASE:JUB) for KES 10.8 billion. Allianz SE (XTRA:ALV) agreed to acquire an unknown majority stake in Five Subsidiaries of Jubilee Holdings Limited (NASE:JUB) for KES 10.8 billion on September 29, 2020. Under the agreement, Jubilee Holdings Limited will retain ownership of its Life and Pensions operations and its Medical insurance business in Kenya, Uganda and Tanzania. Jubilee Holdings Limited will retain a significant minority stake in each subsidiary. The transaction is subject to regulatory approvals in the five markets as well as a restructuring of Jubilee Holdings Limited's subsidiaries in Uganda and Tanzania into separate general insurance units, will result in Allianz becoming co-shareholder alongside JHL in five general insurance subsidiaries of the Jubilee Holdings Limited Group, holding between 51% and 66% in each company. Annonce • Aug 06
IPS Industrial Promotion Services Ltd. and Jubilee Holdings Limited (NASE:JUB) made a bid to acquire an unknown majority stake in SEACOM Ltd. for approximately $600 million IPS Industrial Promotion Services Ltd. and Jubilee Holdings Limited (NASE:JUB) made a bid to acquire an unknown majority stake in SEACOM Ltd. for approximately $600 million on July 10, 2020. Aga Khan Fund for Economic Development parent of buyers already owns a significant stake in Seacom through IPS and post completion, IPS will indirectly owns 25% voting rights and 10% economic rights in SEACOM. Upon completion, Aga Khan Fund for Economic Development will hold indirectly 100% in SEACOM. This transaction is subject to approval of Comesa Competition Commission.