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Emirates Insurance Company P.J.S.C ADX:EIC Stock Report

Last Price

د.إ7.95

Market Cap

د.إ1.2b

7D

0%

1Y

30.3%

Updated

20 Nov, 2024

Data

Company Financials

Emirates Insurance Company P.J.S.C.

ADX:EIC Stock Report

Market Cap: د.إ1.2b

EIC Stock Overview

Engages in writing general insurance and reinsurance in the United Arab Emirates, the United States, and Europe. More details

EIC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends5/6

Rewards

Price-To-Earnings ratio (10x) is below the AE market (12.9x)

Earnings grew by 26.7% over the past year

Risk Analysis

Dividend of 6.92% is not well covered by free cash flows


Emirates Insurance Company P.J.S.C. Competitors

National General Insurance (P.J.S.C.)

DFM:NGI

د.إ727.4m

Dubai Insurance Company (P.S.C.)

DFM:DIN

د.إ1.3b

Sukoon Insurance PJSC

DFM:SUKOON

د.إ1.6b

Dubai National Insurance & Reinsurance (P.S.C.)

DFM:DNIR

د.إ537.1m

Price History & Performance

Summary of all time highs, changes and price drops for Emirates Insurance Company P.J.S.C
Historical stock prices
Current Share Priceد.إ7.95
52 Week Highد.إ8.16
52 Week Lowد.إ6.10
Beta0.039
11 Month Change0%
3 Month Change0%
1 Year Change30.33%
33 Year Change13.57%
5 Year Change1.92%
Change since IPO114,124.14%

Recent News & Updates

Earnings Working Against Emirates Insurance Company P.J.S.C.'s (ADX:EIC) Share Price

Aug 01
Earnings Working Against Emirates Insurance Company P.J.S.C.'s (ADX:EIC) Share Price

Many Still Looking Away From Emirates Insurance Company P.J.S.C. (ADX:EIC)

May 01
Many Still Looking Away From Emirates Insurance Company P.J.S.C. (ADX:EIC)

Recent updates

Earnings Working Against Emirates Insurance Company P.J.S.C.'s (ADX:EIC) Share Price

Aug 01
Earnings Working Against Emirates Insurance Company P.J.S.C.'s (ADX:EIC) Share Price

Many Still Looking Away From Emirates Insurance Company P.J.S.C. (ADX:EIC)

May 01
Many Still Looking Away From Emirates Insurance Company P.J.S.C. (ADX:EIC)

Emirates Insurance Company P.J.S.C's (ADX:EIC) Dividend Will Be Reduced To د.إ0.50

Mar 02
Emirates Insurance Company P.J.S.C's (ADX:EIC) Dividend Will Be Reduced To د.إ0.50

Here's How We Evaluate Emirates Insurance Company P.J.S.C.'s (ADX:EIC) Dividend

Mar 22
Here's How We Evaluate Emirates Insurance Company P.J.S.C.'s (ADX:EIC) Dividend

Did You Participate In Any Of Emirates Insurance Company P.J.S.C's (ADX:EIC) Respectable 82% Return?

Feb 26
Did You Participate In Any Of Emirates Insurance Company P.J.S.C's (ADX:EIC) Respectable 82% Return?

How Many Emirates Insurance Company P.J.S.C. (ADX:EIC) Shares Do Institutions Own?

Jan 20
How Many Emirates Insurance Company P.J.S.C. (ADX:EIC) Shares Do Institutions Own?

Is Emirates Insurance Company P.J.S.C.'s (ADX:EIC) Recent Stock Performance Influenced By Its Financials In Any Way?

Dec 24
Is Emirates Insurance Company P.J.S.C.'s (ADX:EIC) Recent Stock Performance Influenced By Its Financials In Any Way?

Is Emirates Insurance Company P.J.S.C. (ADX:EIC) A Smart Pick For Income Investors?

Dec 02
Is Emirates Insurance Company P.J.S.C. (ADX:EIC) A Smart Pick For Income Investors?

Emirates Insurance Company P.J.S.C.'s (ADX:EIC) Shares Not Telling The Full Story

Aug 12
Emirates Insurance Company P.J.S.C.'s (ADX:EIC) Shares Not Telling The Full Story

Did You Participate In Any Of Emirates Insurance Company P.J.S.C's (ADX:EIC) Respectable 47% Return?

Jul 23
Did You Participate In Any Of Emirates Insurance Company P.J.S.C's (ADX:EIC) Respectable 47% Return?

Do Institutions Own Emirates Insurance Company P.J.S.C. (ADX:EIC) Shares?

Jul 01
Do Institutions Own Emirates Insurance Company P.J.S.C. (ADX:EIC) Shares?

Shareholder Returns

EICAE InsuranceAE Market
7D0%-0.3%0.4%
1Y30.3%2.5%0.2%

Return vs Industry: EIC exceeded the AE Insurance industry which returned 3.1% over the past year.

Return vs Market: EIC exceeded the AE Market which returned 0.3% over the past year.

Price Volatility

Is EIC's price volatile compared to industry and market?
EIC volatility
EIC Average Weekly Movement0.05%
Insurance Industry Average Movement3.9%
Market Average Movement3.7%
10% most volatile stocks in AE Market8.2%
10% least volatile stocks in AE Market2.0%

Stable Share Price: EIC has not had significant price volatility in the past 3 months compared to the AE market.

Volatility Over Time: EIC's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982n/aJason Lightwww.eminsco.com

Emirates Insurance Company P.J.S.C. engages in writing general insurance and reinsurance in the United Arab Emirates, the United States, and Europe. The company operates in two segments, Underwriting of General Insurance Business and Investments. It offers property insurance products, including fire and allied perils, property all risk, consequential loss, householders comprehensive, political violence, and terrorism and sabotage insurance products; and engineering insurance products, such as contractors’ all risks/erection all risks, contractors’ plant and equipment, machinery breakdown, and electronic equipment insurance products, as well as insurance for loss and damage to stock in cold storage.

Emirates Insurance Company P.J.S.C. Fundamentals Summary

How do Emirates Insurance Company P.J.S.C's earnings and revenue compare to its market cap?
EIC fundamental statistics
Market capد.إ1.19b
Earnings (TTM)د.إ119.78m
Revenue (TTM)د.إ1.26b

10.0x

P/E Ratio

1.0x

P/S Ratio

Is EIC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EIC income statement (TTM)
Revenueد.إ1.26b
Cost of Revenueد.إ1.09b
Gross Profitد.إ165.33m
Other Expensesد.إ45.55m
Earningsد.إ119.78m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.80
Gross Margin13.17%
Net Profit Margin9.54%
Debt/Equity Ratio0%

How did EIC perform over the long term?

See historical performance and comparison

Dividends

6.9%

Current Dividend Yield

69%

Payout Ratio