Delta Insurance (CASE:DEIN) - Share price, News & Analysis

DEIN fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	6/6
Financial Health	5/6
Dividends	0/6

DEIN Overview

Delta Insurance Company engages in the insurance business in Egypt.

Rewards

Trading at 7.8% below our estimate of its fair value

Earnings grew by 30.8% over the past year

Risk Analysis

Volatile share price over the past 3 months

Does not have a meaningful market cap (EGP1B)

Price History & Performance

Summary of all time highs, changes and price drops for Delta Insurance
Historical stock prices
Current Share Price	ج.م45.18
52 Week High	ج.م20.75
52 Week Low	ج.م49.95
Beta	-0.21
1 Month Change	0%
3 Month Change	43.98%
1 Year Change	110.14%
3 Year Change	184.63%
5 Year Change	936.92%
Change since IPO	873.11%

Shareholder Returns

	DEIN	EG Insurance	EG Market
7D	0%	0.3%	-0.4%
1Y	110.1%	27.3%	9.2%

Return vs Industry: DEIN exceeded the EG Insurance industry which returned 28.1% over the past year.

Return vs Market: DEIN exceeded the EG Market which returned 9.6% over the past year.

Price Volatility

Is DEIN's price volatile compared to industry and market?
DEIN volatility
DEIN Beta	-0.21
Industry Beta	0.81
Market Beta	1

Stable Share Price: DEIN is more volatile than 75% of EG stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: DEIN's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of EG stocks.

About the Company

Founded	Employees	CEO	Website
1980	347	Adel Moussa	https://www.deltains.org

Delta Insurance Company engages in the insurance business in Egypt. It offers various property protection programs, including corporate general insurance plans, such as fire, burglary, and household; marine hull and cargo, and inland transportation/aviation; personal accident; travel; public liability; and product liability insurance products. The company’s property protection programs also comprise money, employer’s liability, fidelity guarantee/glass, contractor’s plants, machinery, electronic equipment, deterioration of stock in cold storage, and private and commercial motor comprehensive insurance products, as well as engineering insurance products, such as contractor’s/erection all risk insurance products.

Delta Insurance Fundamentals Summary

How do Delta Insurance's earnings and revenue compare to its market cap?
DEIN fundamental statistics
Market Cap	ج.م1.42b
Earnings (TTM)	ج.م193.19m
Revenue (TTM)	ج.م974.79m

7.4x

P/E Ratio

1.5x

P/S Ratio

Is DEIN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DEIN income statement (TTM)
Revenue	ج.م974.79m
Cost of Revenue	ج.م497.79m
Gross Profit	ج.م476.99m
Expenses	ج.م283.81m
Earnings	ج.م193.19m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	6.13
Gross Margin	48.93%
Net Profit Margin	19.82%
Debt/Equity Ratio	0.0%

How did DEIN perform over the long term?

See historical performance and comparison

Valuation

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

7.8%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: DEIN (EGP45.18) is trading below our estimate of fair value (EGP48.98)

Significantly Below Fair Value: DEIN is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: DEIN's PE Ratio (7.4x) is in line with the African Insurance industry average.

PE vs Market: DEIN is good value based on its PE Ratio (7.4x) compared to the EG market (11.8x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: DEIN is overvalued based on its PB Ratio (1.7x) compared to the XF Insurance industry average (1x).

Future Growth

How is Delta Insurance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.9%

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 Delta Insurance 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 Delta Insurance performed over the past 5 years?

28.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DEIN has high quality earnings.

Growing Profit Margin: DEIN's current net profit margins (19.8%) are higher than last year (18.9%).

Past Earnings Growth Analysis

Earnings Trend: DEIN's earnings have grown significantly by 28.9% per year over the past 5 years.

Accelerating Growth: DEIN's earnings growth over the past year (30.8%) exceeds its 5-year average (28.9% per year).

Earnings vs Industry: DEIN earnings growth over the past year (30.8%) exceeded the Insurance industry 18.2%.

Return on Equity

High ROE: DEIN's Return on Equity (28.3%) is considered high.

Financial Health

How is Delta Insurance's financial position?

Financial Position Analysis

Short Term Liabilities: DEIN's short term assets (EGP462.9M) exceed its short term liabilities (EGP203.4M).

Long Term Liabilities: DEIN's short term assets (EGP462.9M) do not cover its long term liabilities (EGP1.8B).

Debt to Equity History and Analysis

Debt Level: DEIN is debt free.

Reducing Debt: DEIN has not had any debt for past 5 years.

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

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

Balance Sheet

Dividend

What is Delta Insurance current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

Notable Dividend: Unable to evaluate DEIN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DEIN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DEIN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DEIN's dividend payments have been increasing.

Current Payout to Shareholders

Dividend Coverage: DEIN is not paying a notable dividend for the EG market.

Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DEIN's dividend in 3 years as they are not forecast to pay a notable one for the EG market.

Next Steps

Explore strong dividend paying companies in the Insurance industry.

Management

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

2.0yrs

Average board tenure

CEO

Adel Moussa

2.75yrs

Tenure

Prof. Adel Ahmed Moussa serves as Chairman of the Board and Managing Director of Delta Insurance Company since 2019.

Board Members

Experienced Board: DEIN's board of directors are not considered experienced ( 2 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.

Data	Last Updated (UTC time)
Company Analysis	2021/10/20 15:20
End of Day Share Price	2021/10/20 00:00
Earnings	2021/06/30
Annual Earnings	2021/06/30

Market Cap

7D

1Y

Updated

Data