SOLID Stock Overview
Solidarity Bahrain B.S.C. provides insurance products in Bahrain.
Solidarity Bahrain B.S.C Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||ب.د0.27|
|52 Week High||ب.د0.34|
|52 Week Low||ب.د0.27|
|1 Month Change||-16.92%|
|3 Month Change||n/a|
|1 Year Change||10.20%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||198.70%|
Recent News & Updates
|SOLID||BH Insurance||BH Market|
Return vs Industry: SOLID exceeded the BH Insurance industry which returned -20.4% over the past year.
Return vs Market: SOLID underperformed the BH Market which returned 31.2% over the past year.
|SOLID Average Weekly Movement||n/a|
|Insurance Industry Average Movement||4.9%|
|Market Average Movement||2.4%|
|10% most volatile stocks in BH Market||6.8%|
|10% least volatile stocks in BH Market||1.7%|
Stable Share Price: Insufficient data to determine SOLID's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine SOLID's volatility change over the past year.
About the Company
Solidarity Bahrain B.S.C. provides insurance products in Bahrain. It offers motor, home, travel, medical, pleasure craft, accident, cyber, and smart device insurance products to individuals. The company also provides property, engineering, general accident, liability, marine, and medical and life insurance products for corporate customers.
Solidarity Bahrain B.S.C Fundamentals Summary
|SOLID fundamental statistics|
Is SOLID overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SOLID income statement (TTM)|
|Cost of Revenue||ب.د10.00m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.024|
|Net Profit Margin||16.19%|
How did SOLID perform over the long term?See historical performance and comparison
6.7%Current Dividend Yield
Is Solidarity Bahrain B.S.C undervalued compared to its fair value and its price relative to the market?
Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SOLID (BHD0.27) is trading above our estimate of fair value (BHD0.06)
Significantly Below Fair Value: SOLID is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SOLID is poor value based on its PE Ratio (11.2x) compared to the BH Insurance industry average (8.3x).
PE vs Market: SOLID is good value based on its PE Ratio (11.2x) compared to the BH market (13.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SOLID's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SOLID is overvalued based on its PB Ratio (1.1x) compared to the BH Insurance industry average (0.9x).
How is Solidarity Bahrain B.S.C forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 Solidarity Bahrain B.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.
How has Solidarity Bahrain B.S.C performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOLID has high quality earnings.
Growing Profit Margin: SOLID's current net profit margins (16.2%) are higher than last year (14.9%).
Past Earnings Growth Analysis
Earnings Trend: SOLID's earnings have grown significantly by 39.1% per year over the past 5 years.
Accelerating Growth: SOLID's earnings growth over the past year (7.4%) is below its 5-year average (39.1% per year).
Earnings vs Industry: SOLID earnings growth over the past year (7.4%) underperformed the Insurance industry 12.2%.
Return on Equity
High ROE: SOLID's Return on Equity (11%) is considered low.
How is Solidarity Bahrain B.S.C's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SOLID's short term assets (BHD27.8M) do not cover its short term liabilities (BHD30.8M).
Long Term Liabilities: SOLID's short term assets (BHD27.8M) exceed its long term liabilities (BHD11.9M).
Debt to Equity History and Analysis
Debt Level: SOLID is debt free.
Reducing Debt: SOLID has not had any debt for past 5 years.
Debt Coverage: SOLID has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SOLID has no debt, therefore coverage of interest payments is not a concern.
What is Solidarity Bahrain B.S.C current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SOLID's dividend (6.67%) is higher than the bottom 25% of dividend payers in the BH market (3.71%).
High Dividend: SOLID's dividend (6.67%) is in the top 25% of dividend payers in the BH market (5.59%)
Stability and Growth of Payments
Stable Dividend: SOLID has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SOLID's dividend payments have increased, but the company has only paid a dividend for 8 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (74.8%), SOLID's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (52.1%), SOLID's dividend payments are covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Sayed Jawad Mohammed has been Chief Executive Officer of Solidarity Bahrain B.S.C since 2018. Mr. Mohammed served as General Manager at Al Ahlia Insurance Company B.S.C. since June 1, 2017. Mr. Mohamme...
Experienced Management: SOLID's management team is considered experienced (2.7 years average tenure).
Experienced Board: SOLID's board of directors are considered experienced (4.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Solidarity Bahrain B.S.C.'s employee growth, exchange listings and data sources
- Name: Solidarity Bahrain B.S.C.
- Ticker: SOLID
- Exchange: BAX
- Founded: 1976
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Implied Market Cap: ب.د32.393m
- Shares outstanding: 119.97m
- Website: https://www.solidarity.com.bh
Number of Employees
- Solidarity Bahrain B.S.C.
- Seef Tower, Building 2080
- Flat 71, 7th Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/15 00:00|
|End of Day Share Price||2022/05/10 00:00|
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.