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ATL

Atlantic Insurance Company CSE:ATL Stock Report

Last Price

€2.02

Market Cap

€78.7m

7D

0%

1Y

45.3%

Updated

18 May, 2022

Data

Company Financials
ATL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health4/6
Dividends4/6

ATL Stock Overview

Atlantic Insurance Company Public Limited provides insurance products and services to individuals and businesses in Cyprus.

Atlantic Insurance Company Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Atlantic Insurance Company
Historical stock prices
Current Share Price€2.02
52 Week High€2.06
52 Week Low€1.39
Beta0.22
1 Month Change1.51%
3 Month Change8.02%
1 Year Change45.32%
3 Year Change41.26%
5 Year Change68.33%
Change since IPO117.17%

Recent News & Updates

Shareholder Returns

ATLCY InsuranceCY Market
7D0%1.3%-1.6%
1Y45.3%-19.7%4.2%

Return vs Industry: ATL exceeded the CY Insurance industry which returned -19.7% over the past year.

Return vs Market: ATL exceeded the CY Market which returned 4.2% over the past year.

Price Volatility

Is ATL's price volatile compared to industry and market?
ATL volatility
ATL Average Weekly Movement2.4%
Insurance Industry Average Movement5.0%
Market Average Movement5.2%
10% most volatile stocks in CY Market6.1%
10% least volatile stocks in CY Market3.2%

Stable Share Price: ATL is less volatile than 75% of CY stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ATL's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1983120Emilios Pyrishishttps://www.atlantic.com.cy

Atlantic Insurance Company Public Limited provides insurance products and services to individuals and businesses in Cyprus. It offers motor vehicle, household, fire and special peril, property, medical, personal accident, health, yacht-pleasure craft, golf, and travel insurance products; property, public and products liability, and jointly-owned building insurance products; group medical and personal accident, professional indemnity, good in transit, money, cyber risk, directors and officers liability, and fidelity guarantee insurance products; and employers' liability, marine cargo and hull, and contractors all risks insurance products. The company also involved in the plot selling, and provision of financial, consultancy, and stock exchange services.

Atlantic Insurance Company Fundamentals Summary

How do Atlantic Insurance Company's earnings and revenue compare to its market cap?
ATL fundamental statistics
Market Cap€78.67m
Earnings (TTM)€11.79m
Revenue (TTM)€27.51m

6.7x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATL income statement (TTM)
Revenue€27.51m
Cost of Revenue€9.73m
Gross Profit€17.79m
Other Expenses€6.00m
Earnings€11.79m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin64.64%
Net Profit Margin42.84%
Debt/Equity Ratio0.03%

How did ATL perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

28%

Payout Ratio

Valuation

Is Atlantic Insurance Company undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


6.67x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: ATL (€2.02) is trading above our estimate of fair value (€1.72)

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


Price To Earnings Ratio

PE vs Industry: ATL is good value based on its PE Ratio (6.7x) compared to the Asian Insurance industry average (11.4x).

PE vs Market: ATL is good value based on its PE Ratio (6.7x) compared to the CY market (9.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ATL is overvalued based on its PB Ratio (1.6x) compared to the XA Insurance industry average (1.2x).


Future Growth

How is Atlantic Insurance Company 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


10.5%

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 Atlantic Insurance Company 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.


Past Performance

How has Atlantic Insurance Company performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


19.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ATL has high quality earnings.

Growing Profit Margin: ATL's current net profit margins (42.8%) are higher than last year (20.3%).


Past Earnings Growth Analysis

Earnings Trend: ATL's earnings have grown by 19.1% per year over the past 5 years.

Accelerating Growth: ATL's earnings growth over the past year (214.7%) exceeds its 5-year average (19.1% per year).

Earnings vs Industry: ATL earnings growth over the past year (214.7%) exceeded the Insurance industry 7.4%.


Return on Equity

High ROE: ATL's Return on Equity (24.4%) is considered high.


Financial Health

How is Atlantic Insurance Company's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ATL's short term assets (€62.7M) exceed its short term liabilities (€26.3M).

Long Term Liabilities: ATL's short term assets (€62.7M) exceed its long term liabilities (€34.0K).


Debt to Equity History and Analysis

Debt Level: ATL has more cash than its total debt.

Reducing Debt: ATL's debt to equity ratio has increased from 0% to 0.03% over the past 5 years.

Debt Coverage: ATL's debt is well covered by operating cash flow (41121.4%).

Interest Coverage: Insufficient data to determine if ATL's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Atlantic Insurance Company 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


4.21%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ATL's dividend (4.21%) is higher than the bottom 25% of dividend payers in the CY market (2.91%).

High Dividend: ATL's dividend (4.21%) is low compared to the top 25% of dividend payers in the CY market (5.67%).


Stability and Growth of Payments

Stable Dividend: ATL's dividend payments have been volatile in the past 10 years.

Growing Dividend: ATL's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28.1%), ATL's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (59.2%), ATL's dividend payments are covered by cash flows.


Next Steps

Management

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

8.5yrs

Average management tenure


CEO

Emilios Pyrishis

27.33yrs

Tenure

€117,000

Compensation

Mr. Emilios Pyrishis serves as Chairman, Managing Director and Director of Atlantic Insurance Company Public Limited. He served as Chairman at Atlantic Insurance Company Public Limited. He serves as a Dire...


CEO Compensation Analysis

Compensation vs Market: Emilios's total compensation ($USD122.78K) is above average for companies of similar size in the CY market ($USD79.09K).

Compensation vs Earnings: Emilios's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ATL's management team is seasoned and experienced (8.5 years average tenure).


Board Members

Experienced Board: ATL's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


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

Atlantic Insurance Company Public Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Atlantic Insurance Company Public Limited
  • Ticker: ATL
  • Exchange: CSE
  • Founded: 1983
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Implied Market Cap: €78.666m
  • Shares outstanding: 38.94m
  • Website: https://www.atlantic.com.cy

Number of Employees


Location

  • Atlantic Insurance Company Public Limited
  • Atlantic Building
  • 15 Esperidon Street
  • Nicosia
  • 2001
  • Cyprus

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Earnings2021/12/31
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.