| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | د.إ3.33 |
| 52 Week High | د.إ3.33 |
| 52 Week Low | د.إ2.30 |
| Beta | -0.40 |
| 1 Month Change | 0% |
| 3 Month Change | n/a |
| 1 Year Change | 44.78% |
| 3 Year Change | n/a |
| 5 Year Change | 67.34% |
| Change since IPO | 27.22% |
Recent News & Updates
Shareholder Returns
| OIC | AE Insurance | AE Market | |
|---|---|---|---|
| 7D | 0% | -0.1% | -2.1% |
| 1Y | 44.8% | 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
| OIC volatility | |
|---|---|
| OIC Average Weekly Movement | n/a |
| Insurance Industry Average Movement | 5.1% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in AE Market | 8.6% |
| 10% least volatile stocks in AE Market | 2.8% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1975 | 650 | Jean-Louis Christian Laurent-Josi | https://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
| OIC fundamental statistics | |
|---|---|
| Market Cap | د.إ1.54b |
| Earnings (TTM) | د.إ213.15m |
| Revenue (TTM) | د.إ1.66b |
7.2x
P/E Ratio0.9x
P/S RatioIs OIC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OIC income statement (TTM) | |
|---|---|
| Revenue | د.إ1.66b |
| Cost of Revenue | د.إ1.38b |
| Gross Profit | د.إ279.38m |
| Other Expenses | د.إ66.23m |
| Earnings | د.إ213.15m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.46 |
| Gross Margin | 16.85% |
| Net Profit Margin | 12.86% |
| Debt/Equity Ratio | 0.0% |
How did OIC perform over the long term?
See historical performance and comparisonDividends
6.0%
Current Dividend Yield43%
Payout RatioValuation
Is OIC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation 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.
| What is OIC's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | د.إ1.54b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.7x |
| Enterprise Value/EBITDA | 5.9x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does OIC's PE Ratio compare to its peers?
| OIC PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 12.6x |
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 7.2x |
| Fair PE Ratio | n/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
0/6Future 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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- Check out Oman Insurance Company P.S.C's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
Past Performance
How has Oman Insurance Company P.S.C performed over the past 5 years?
Past Performance Score
4/6Past 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
5/6Financial 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
3/6Dividend 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.
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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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/24 00:00 |
| End of Day Share Price | 2022/05/10 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.