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OIC

Oman Insurance Company P.S.C DFM:OIC Stock Report

Last Price

د.إ3.33

Market Cap

د.إ1.5b

7D

0%

1Y

44.8%

Updated

24 Jun, 2022

Data

Company Financials
OIC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends4/6

OIC Stock Overview

Oman Insurance Company P.S.C. provides insurance solutions in the United Arab Emirates, the Sultanate of Oman, the State of Qatar, the Kingdom of Bahrain, and the Republic of Turkey.

Oman Insurance Company P.S.C Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Oman Insurance Company P.S.C
Historical stock prices
Current Share Priceد.إ3.33
52 Week Highد.إ3.33
52 Week Lowد.إ2.30
Beta-0.40
1 Month Change0%
3 Month Changen/a
1 Year Change44.78%
3 Year Changen/a
5 Year Change67.34%
Change since IPO27.22%

Recent News & Updates

Shareholder Returns

OICAE InsuranceAE Market
7D0%-0.1%-2.1%
1Y44.8%9.4%39.9%

Return vs Industry: OIC exceeded the AE Insurance industry which returned 9.6% over the past year.

Return vs Market: OIC exceeded the AE Market which returned 39.8% over the past year.

Price Volatility

Is OIC's price volatile compared to industry and market?
OIC volatility
OIC Average Weekly Movementn/a
Insurance Industry Average Movement5.1%
Market Average Movement5.1%
10% most volatile stocks in AE Market8.6%
10% least volatile stocks in AE Market2.8%

Stable Share Price: Insufficient data to determine OIC's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine OIC's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1975650Jean-Louis Christian Laurent-Josihttps://www.omaninsurance.ae

Oman Insurance Company P.S.C. provides insurance solutions in the United Arab Emirates, the Sultanate of Oman, the State of Qatar, the Kingdom of Bahrain, and the Republic of Turkey. The company’s General Insurance segment offers property, engineering, energy, motor, general accident, aviation, and marine risks insurance products. Its Life Insurance segment provides participating and non-participating individual life, medical, group life, and personal accident insurance products, as well as investment linked products.

Oman Insurance Company P.S.C Fundamentals Summary

How do Oman Insurance Company P.S.C's earnings and revenue compare to its market cap?
OIC fundamental statistics
Market Capد.إ1.54b
Earnings (TTM)د.إ213.15m
Revenue (TTM)د.إ1.66b

7.2x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OIC income statement (TTM)
Revenueد.إ1.66b
Cost of Revenueد.إ1.38b
Gross Profitد.إ279.38m
Other Expensesد.إ66.23m
Earningsد.إ213.15m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.46
Gross Margin16.85%
Net Profit Margin12.86%
Debt/Equity Ratio0.0%

How did OIC perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

43%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is OIC 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

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

OIC 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/Revenue0.7x
Enterprise Value/EBITDA5.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

OIC PE Ratio vs Peers
The above table shows the PE ratio for OIC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.6x

Price-To-Earnings vs Peers: OIC is good value based on its Price-To-Earnings Ratio (7.2x) compared to the peer average (12.6x).


Price to Earnings Ratio vs Industry

How does OIC's PE Ratio compare vs other companies in the Emirati Insurance Industry?

Price-To-Earnings vs Industry: OIC is good value based on its Price-To-Earnings Ratio (7.2x) compared to the AE Insurance industry average (13.1x)


Price to Earnings Ratio vs Fair Ratio

What is OIC'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.

OIC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.2x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: OIC (AED3.33) is trading above our estimate of fair value (AED0.84)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OIC's PEG Ratio to determine if it is good value.


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Future Growth

How is Oman Insurance Company P.S.C forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.8%

Forecasted Insurance industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Oman Insurance Company P.S.C has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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Past Performance

How has Oman Insurance Company P.S.C performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OIC has high quality earnings.

Growing Profit Margin: OIC's current net profit margins (12.9%) are higher than last year (11.7%).


Past Earnings Growth Analysis

Earnings Trend: OIC's earnings have grown significantly by 24.6% per year over the past 5 years.

Accelerating Growth: OIC's earnings growth over the past year (6.9%) is below its 5-year average (24.6% per year).

Earnings vs Industry: OIC earnings growth over the past year (6.9%) exceeded the Insurance industry -24.3%.


Return on Equity

High ROE: OIC's Return on Equity (9.1%) is considered low.


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Financial Health

How is Oman Insurance Company P.S.C's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: OIC's short term assets (AED4.5B) do not cover its short term liabilities (AED5.1B).

Long Term Liabilities: OIC's short term assets (AED4.5B) exceed its long term liabilities (AED705.8M).


Debt to Equity History and Analysis

Debt Level: OIC is debt free.

Reducing Debt: OIC has no debt compared to 5 years ago when its debt to equity ratio was 12%.

Debt Coverage: OIC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: OIC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Oman Insurance Company P.S.C current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.01%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OIC's dividend (6.01%) is higher than the bottom 25% of dividend payers in the AE market (3.33%).

High Dividend: OIC's dividend (6.01%) is in the top 25% of dividend payers in the AE market (5.67%)


Stability and Growth of Payments

Stable Dividend: OIC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: OIC's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.3%), OIC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (65.9%), OIC's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Jean-Louis Christian Laurent-Josi (51 yo)

4.17yrs

Tenure

Mr. Jean-Louis Christian M. Laurent-Josi has been Chief Executive Officer of Oman Insurance Co. PSC. since April 01, 2018 and served as its Director. He served as the Chief Executive Officer at AXA Asia at...


Leadership Team

Experienced Management: OIC's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: OIC's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Oman Insurance Company P.S.C.'s employee growth, exchange listings and data sources


Key Information

  • Name: Oman Insurance Company P.S.C.
  • Ticker: OIC
  • Exchange: DFM
  • Founded: 1975
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Implied Market Cap: د.إ1.538b
  • Shares outstanding: 461.87m
  • Website: https://www.omaninsurance.ae

Number of Employees


Location

  • Oman Insurance Company P.S.C.
  • Oman Insurance Building
  • Omar Bin Al Khattab Street
  • Dubai
  • United Arab Emirates

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/05/10 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.