Declared Dividend • Jun 04
Dividend of GH₵0.15 announced Shareholders will receive a dividend of GH₵0.15. Ex-date: 24th June 2026 Payment date: 14th August 2026 Dividend yield will be 1.5%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공시 • Jun 03
Enterprise Group PLC, Annual General Meeting, Jun 30, 2026 Enterprise Group PLC, Annual General Meeting, Jun 30, 2026. Location: company`s head office, advantage place, mayor road, ridge west, accra Ghana 공시 • Jun 11
Enterprise Group PLC announces Annual dividend, payable on August 25, 2025 Enterprise Group PLC announced Annual dividend of GHS 0.1159 per share payable on August 25, 2025, ex-date on June 25, 2025 and record date on June 27, 2025. Reported Earnings • Oct 11
First half 2024 earnings released: EPS: GH₵0.79 (vs GH₵0.41 in 1H 2023) First half 2024 results: EPS: GH₵0.79 (up from GH₵0.41 in 1H 2023). Revenue: GH₵853.0m (up 29% from 1H 2023). Net income: GH₵134.9m (up 94% from 1H 2023). Profit margin: 16% (up from 11% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. 공시 • Aug 15
Enterprise Group PLC Declares Final Dividend Enterprise Group PLC declared a final dividend of GHS 0.097 per share, at its AGM held on August 13, 2024. Upcoming Dividend • Jul 31
Upcoming dividend of GH₵0.089 per share Eligible shareholders must have bought the stock before 07 August 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 6.3%. Lower than top quartile of Ghanaian dividend payers (9.5%). Higher than average of industry peers (4.2%). 공시 • Jul 25
Enterprise Group PLC, Annual General Meeting, Aug 13, 2024 Enterprise Group PLC, Annual General Meeting, Aug 13, 2024. Location: head office in ridge, accra, advantage place, Ghana Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to GH₵2.00, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 7x in the Insurance industry in Africa. Total returns to shareholders of 17% over the past three years. New Risk • Jun 20
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (GH₵408.4m market cap, or US$27.2m). Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Group CFO & Executive Director Michael Tyson was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 01
Full year 2023 earnings released: EPS: GH₵0.97 (vs GH₵0.85 in FY 2022) Full year 2023 results: EPS: GH₵0.97 (up from GH₵0.85 in FY 2022). Revenue: GH₵1.71b (up 63% from FY 2022). Net income: GH₵166.2m (up 14% from FY 2022). Profit margin: 9.7% (down from 14% in FY 2022). Reported Earnings • Nov 06
Third quarter 2023 earnings released: EPS: GH₵0.22 (vs GH₵0.20 in 3Q 2022) Third quarter 2023 results: EPS: GH₵0.22 (up from GH₵0.20 in 3Q 2022). Revenue: GH₵465.3m (up 33% from 3Q 2022). Net income: GH₵37.5m (up 11% from 3Q 2022). Profit margin: 8.1% (down from 9.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year. New Risk • Jul 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 153% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (GH₵411.9m market cap, or US$37.4m). Upcoming Dividend • Jun 14
Upcoming dividend of GH₵0.068 per share at 3.1% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Ghanaian dividend payers (15%). Lower than average of industry peers (5.4%). Price Target Changed • Feb 03
Price target decreased by 12% to GH₵3.68 Down from GH₵4.18, the current price target is provided by 1 analyst. New target price is 15% above last closing price of GH₵3.20. Stock is up 6.7% over the past year. The company posted earnings per share of GH₵0.40 last year. Price Target Changed • Jan 04
Price target decreased to GH₵3.68 Down from GH₵4.18, the current price target is provided by 1 analyst. New target price is 15% above last closing price of GH₵3.20. Stock is up 15% over the past year. The company posted earnings per share of GH₵0.40 last year. Price Target Changed • Nov 23
Price target decreased to GH₵3.68 Down from GH₵4.18, the current price target is provided by 1 analyst. New target price is 15% above last closing price of GH₵3.20. Stock is up 26% over the past year. The company posted earnings per share of GH₵0.40 last year. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: GH₵0.20 (vs GH₵0.096 in 3Q 2021) Third quarter 2022 results: EPS: GH₵0.20 (up from GH₵0.096 in 3Q 2021). Revenue: GH₵378.4m (up 16% from 3Q 2021). Net income: GH₵33.7m (up 105% from 3Q 2021). Profit margin: 8.9% (up from 5.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Global Insurance industry. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: GH₵0.12 (vs GH₵0.10 in 2Q 2021) Second quarter 2022 results: EPS: GH₵0.12 (up from GH₵0.10 in 2Q 2021). Revenue: GH₵333.5m (up 17% from 2Q 2021). Net income: GH₵20.2m (up 13% from 2Q 2021). Profit margin: 6.1% (down from 6.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 2.3% compared to a 54% decline forecast for the industry in Africa. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 15
Upcoming dividend of GH₵0.068 per share Eligible shareholders must have bought the stock before 22 June 2022. Payment date: 08 August 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Ghanaian dividend payers (10.0%). Lower than average of industry peers (5.3%). 공시 • May 27
Enterprise Group PLC Recommends Final Dividend for the Financial Year 2021, Payable from August 8, 2022 Enterprise Group PLC announced that the company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GHS 0.0744 per share for the 2021 financial year. All shareholders registered in the books of EGL at the close of business on Friday June 24, 2022, will qualify for the final dividend. The ex-dividend date has been set as June 22, 2022. The final dividend will be paid from August 8, 2022. Price Target Changed • May 21
Price target decreased to GH₵4.18 Down from GH₵4.91, the current price target is provided by 1 analyst. New target price is 27% above last closing price of GH₵3.30. Stock is up 117% over the past year. The company posted earnings per share of GH₵0.40 last year. Reported Earnings • May 01
First quarter 2022 earnings released: EPS: GH₵0.16 (vs GH₵0.11 in 1Q 2021) First quarter 2022 results: EPS: GH₵0.16 (up from GH₵0.11 in 1Q 2021). Revenue: GH₵317.6m (up 29% from 1Q 2021). Net income: GH₵26.7m (up 45% from 1Q 2021). Profit margin: 8.4% (up from 7.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 19% compared to a 53% decline forecast for the industry in Africa. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 27
Price target increased to GH₵4.91 Up from GH₵4.18, the current price target is provided by 1 analyst. New target price is 49% above last closing price of GH₵3.30. Stock is up 123% over the past year. The company posted earnings per share of GH₵0.40 last year. Reported Earnings • Apr 14
Full year 2021 earnings released: EPS: GH₵0.40 (vs GH₵0.48 in FY 2020) Full year 2021 results: EPS: GH₵0.40 (down from GH₵0.48 in FY 2020). Revenue: GH₵1.17b (up 41% from FY 2020). Net income: GH₵67.6m (down 17% from FY 2020). Profit margin: 5.8% (down from 9.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 19% compared to a 52% decline forecast for the insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 01
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: GH₵0.40 (down from GH₵0.48 in FY 2020). Revenue: GH₵1.18b (up 41% from FY 2020). Net income: GH₵68.0m (down 17% from FY 2020). Profit margin: 5.8% (down from 9.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.6%. Over the next year, revenue is expected to shrink by 19% compared to a 49% decline forecast for the insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS GH₵0.096 (vs GH₵0.16 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: GH₵327.1m (up 49% from 3Q 2020). Net income: GH₵16.4m (down 41% from 3Q 2020). Profit margin: 5.0% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 14
Price target increased to GH₵4.91 Up from GH₵4.18, the current price target is provided by 1 analyst. New target price is 152% above last closing price of GH₵1.95. Stock is up 37% over the past year. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS GH₵0.10 (vs GH₵0.14 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: GH₵285.5m (up 54% from 2Q 2020). Net income: GH₵17.9m (down 24% from 2Q 2020). Profit margin: 6.3% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 10
Upcoming dividend of GH₵0.057 per share Eligible shareholders must have bought the stock before 16 June 2021. Payment date: 27 July 2021. Trailing yield: 3.5%. Lower than top quartile of Ghanaian dividend payers (8.3%). In line with average of industry peers (3.8%). 공시 • May 25
Enterprise Group Limited Recommends Final Dividend for 2020, Payable on July 27, 2021 Enterprise Group Limited announced that the Company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GHS 0.062 per share for the 2020 financial year. All shareholders registered in the books of EGL at the close of business on June 18, 2021 will qualify for the final dividend. The ex-dividend date has been set as June 16, 2021. The final dividend will be paid on July 27, 2021. Reported Earnings • Apr 28
Full year 2020 earnings released: EPS GH₵0.48 (vs GH₵0.47 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: GH₵830.3m (up 20% from FY 2019). Net income: GH₵81.3m (up 2.1% from FY 2019). Profit margin: 9.8% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Executive Departure • Apr 25
Director has left the company On the 16th of April, Cleland Bruce's tenure in the role of Director ended. We don't have any record of a personal shareholding under Cleland's name. Cleland is the only executive to leave the company over the last 12 months. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of GH₵98.6m, up 32% from the prior year. Total revenue was GH₵810.4m over the last 12 months, up 27% from the prior year.