company background image
SIC

SIC InsuranceGHSE:SIC Stock Report

Market Cap

GH₵13.7m

7D

0%

1Y

-30.0%

Updated

26 Oct, 2021

Data

Company Financials
SIC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

SIC Overview

SIC Insurance Company Limited engages in the provision of non-life insurance products in Ghana.

Price History & Performance

Summary of all time highs, changes and price drops for SIC Insurance
Historical stock prices
Current Share PriceGH₵0.07
52 Week HighGH₵0
52 Week LowGH₵0
Beta0
1 Month Change0%
3 Month Change0%
1 Year Change-30.00%
3 Year Change-50.00%
5 Year Change-50.00%
Change since IPO-97.88%

Recent News & Updates

Shareholder Returns

SICGH InsuranceGH Market
7D0%0.3%0.1%
1Y-30.0%20.6%72.4%

Return vs Industry: SIC underperformed the GH Insurance industry which returned 19.2% over the past year.

Return vs Market: SIC underperformed the GH Market which returned 70.8% over the past year.

Price Volatility

Is SIC's price volatile compared to industry and market?
SIC volatility
SIC Beta0
Industry Beta0.81
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1955n/aStephen Odurohttps://www.sic-gh.com

SIC Insurance Company Limited engages in the provision of non-life insurance products in Ghana. It operates through four segments: Motor, Marine & Aviation, Fire, and Accident. The Motor segment underwrites motor insurance that provides coverage, which indemnifies the insured against any accidental loss to motorbikes and vehicles.

SIC Insurance Fundamentals Summary

How do SIC Insurance's earnings and revenue compare to its market cap?
SIC fundamental statistics
Market CapGH₵13.70m
Earnings (TTM)GH₵14.05m
Revenue (TTM)GH₵145.67m

0x

P/E Ratio

0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIC income statement (TTM)
RevenueGH₵145.67m
Cost of RevenueGH₵17.64m
Gross ProfitGH₵128.04m
ExpensesGH₵113.99m
EarningsGH₵14.05m

Last Reported Earnings

Mar 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)0
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did SIC perform over the long term?

See historical performance and comparison

Valuation

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


In this section, we usually try to help investors determine whether SIC Insurance is trading at an attractive price based on the cash flow it is expected to produce in the future. But as SIC Insurance has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Future Growth

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

27.0%

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 SIC 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 SIC Insurance performed over the past 5 years?

6.0%

Historical Insurance annual earnings growth


Earnings and Revenue History

Quality Earnings: Insufficient data to determine if SIC has high quality earnings.

Growing Profit Margin: Insufficient data to determine if SIC's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SIC's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare SIC's past year earnings growth to its 5-year average.

Earnings vs Industry: Insufficient data to determine if SIC's earnings growth over the past year exceeded the Insurance industry average.


Return on Equity

High ROE: SIC has a negative Return on Equity (0%), as it is currently unprofitable.


Financial Health

How is SIC Insurance's financial position?


Financial Position Analysis

Short Term Liabilities: Insufficient data to determine if SIC's short term assets cover its short term liabilities.

Long Term Liabilities: Insufficient data to determine if SIC's short term assets cover its long term liabilities.


Debt to Equity History and Analysis

Debt Level: Insufficient data to calculate SIC's debt to equity ratio to determine if it is satisfactory.

Reducing Debt: Insufficient data to determine if SIC's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: Insufficient data to determine if SIC's debt is well covered by operating cash flow.

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


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SIC'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 SIC's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: SIC is not paying a notable dividend for the GH market.


Future Payout to Shareholders

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


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Stephen Oduro

4.08yrs

Tenure

Mr. Stephen Kwame Oduro has been Managing Director and Director at SIC Insurance Company Limited since September 11, 2017. He Has Over Thirty (30) Years of Progressive Experience In Leading Financial Appli...


Leadership Team

Experienced Management: SIC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: SIC's board of directors are considered experienced (4.1 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

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


Key Information

  • Name: SIC Insurance Company Limited
  • Ticker: SIC
  • Exchange: GHSE
  • Founded: 1955
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: GH₵13.695m
  • Shares outstanding: 195.65m
  • Website: https://www.sic-gh.com

Location

  • SIC Insurance Company Limited
  • Nyemitei House
  • 28/29 Ring Road East
  • Accra
  • Ghana

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 17:04
End of Day Share Price2021/10/20 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.