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

DFM:NGI Stock Report

Mkt Cap: د.إ488.9m

We’ve recently updated our valuation analysis.

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

Is NGI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NGI?

Other financial metrics that can be useful for relative valuation.

NGI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA7.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does NGI's PE Ratio compare to its peers?

The above table shows the PE ratio for NGI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average37.2x
ABNIC Al Buhaira National Insurance Company P.S.C
107.4xn/aد.إ637.5m
ALAIN Al Ain Ahlia Insurance Company P.S.C
9.8xn/aد.إ495.0m
DHAFRA Al Dhafra Insurance Company P.S.C
18.3xn/aد.إ540.0m
DNIR Dubai National Insurance & Reinsurance (P.S.C.)
13.1xn/aد.إ577.5m
NGI National General Insurance (P.J.S.C.)
8.4xn/aد.إ488.9m

Price-To-Earnings vs Peers: NGI is good value based on its Price-To-Earnings Ratio (8.4x) compared to the peer average (37.2x).


Price to Earnings Ratio vs Industry

How does NGI's PE Ratio compare vs other companies in the Asian Insurance Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.4%
n/an/an/a

Price-To-Earnings vs Industry: NGI is good value based on its Price-To-Earnings Ratio (8.4x) compared to the Asian Insurance industry average (11.8x)


Price to Earnings Ratio vs Fair Ratio

What is NGI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NGI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NGI's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of NGI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NGI (AED3.26) is trading above our estimate of fair value (AED1.84)

Significantly Below Fair Value: NGI is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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