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Caribbean Assurance Brokers JMSE:CABROKERS Stock Report

Last Price


Market Cap







24 Jun, 2022


Company Financials
CABROKERS fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance4/6
Financial Health5/6

CABROKERS Stock Overview

Caribbean Assurance Brokers Limited provides insurance brokerage services in Jamaica and internationally.

Caribbean Assurance Brokers Competitors













Price History & Performance

Summary of all time highs, changes and price drops for Caribbean Assurance Brokers
Historical stock prices
Current Share PriceJA$2.35
52 Week HighJA$3.74
52 Week LowJA$1.51
1 Month Change4.44%
3 Month Change6.82%
1 Year Change23.68%
3 Year Changen/a
5 Year Changen/a
Change since IPO-4.08%

Recent News & Updates

Shareholder Returns

CABROKERSJM InsuranceJM Market

Return vs Industry: CABROKERS exceeded the JM Insurance industry which returned -12.3% over the past year.

Return vs Market: CABROKERS exceeded the JM Market which returned -4.3% over the past year.

Price Volatility

Is CABROKERS's price volatile compared to industry and market?
CABROKERS volatility
CABROKERS Average Weekly Movement11.1%
Insurance Industry Average Movement4.1%
Market Average Movement9.6%
10% most volatile stocks in JM Market16.1%
10% least volatile stocks in JM Market5.4%

Stable Share Price: CABROKERS is not significantly more volatile than the rest of JM stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: CABROKERS's weekly volatility (11%) has been stable over the past year.

About the Company

200585Tania Waldron-Gooden

Caribbean Assurance Brokers Limited provides insurance brokerage services in Jamaica and internationally. The company operates through International Insurance, Employee Benefits, General Insurance, and Individual Life Insurance divisions. It offers international health, life, disability, and travel insurance products; employee benefit products, such as group health, life, personal accident, disability, and pension products; and property, motor, liability, professional indemnity, personal accident, pecuniary loss, business interruption, fidelity guarantee, marine, bonds, engineering, and cyber insurance products.

Caribbean Assurance Brokers Fundamentals Summary

How do Caribbean Assurance Brokers's earnings and revenue compare to its market cap?
CABROKERS fundamental statistics
Market CapJA$616.88m
Earnings (TTM)JA$65.83m
Revenue (TTM)JA$438.96m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CABROKERS income statement (TTM)
Cost of RevenueJA$0
Gross ProfitJA$438.96m
Other ExpensesJA$373.14m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)0.25
Gross Margin100.00%
Net Profit Margin15.00%
Debt/Equity Ratio15.8%

How did CABROKERS perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is CABROKERS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation 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 CABROKERS?

Other financial metrics that can be useful for relative valuation.

CABROKERS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA5.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does CABROKERS's PE Ratio compare to its peers?

CABROKERS PE Ratio vs Peers
The above table shows the PE ratio for CABROKERS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.1x

Price-To-Earnings vs Peers: CABROKERS is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does CABROKERS's PE Ratio compare vs other companies in the Insurance Industry?

Price-To-Earnings vs Industry: CABROKERS is good value based on its Price-To-Earnings Ratio (9.4x) compared to the JM Insurance industry average (11.7x)

Price to Earnings Ratio vs Fair Ratio

What is CABROKERS'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.

CABROKERS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CABROKERS's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of CABROKERS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CABROKERS (JMD2.35) is trading above our estimate of fair value (JMD0.34)

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

Price to Earnings Growth Ratio

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

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Future Growth

How is Caribbean Assurance Brokers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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 Caribbean Assurance Brokers 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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Past Performance

How has Caribbean Assurance Brokers performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CABROKERS has high quality earnings.

Growing Profit Margin: CABROKERS's current net profit margins (15%) are higher than last year (7.8%).

Past Earnings Growth Analysis

Earnings Trend: CABROKERS's earnings have grown significantly by 23.5% per year over the past 5 years.

Accelerating Growth: CABROKERS's earnings growth over the past year (132.5%) exceeds its 5-year average (23.5% per year).

Earnings vs Industry: CABROKERS earnings growth over the past year (132.5%) underperformed the Insurance industry 132.5%.

Return on Equity

High ROE: CABROKERS's Return on Equity (16.9%) is considered low.

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Financial Health

How is Caribbean Assurance Brokers's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CABROKERS's short term assets (JMD416.3M) exceed its short term liabilities (JMD228.9M).

Long Term Liabilities: CABROKERS's short term assets (JMD416.3M) exceed its long term liabilities (JMD64.6M).

Debt to Equity History and Analysis

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

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

Debt Coverage: CABROKERS's debt is well covered by operating cash flow (279.6%).

Interest Coverage: CABROKERS's interest payments on its debt are well covered by EBIT (31.3x coverage).

Balance Sheet

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What is Caribbean Assurance Brokers's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CABROKERS's dividend (0.54%) isn’t notable compared to the bottom 25% of dividend payers in the JM market (1.22%).

High Dividend: CABROKERS's dividend (0.54%) is low compared to the top 25% of dividend payers in the JM market (3.24%).

Stability and Growth of Payments

Stable Dividend: Too early to tell whether CABROKERS's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if CABROKERS's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (4.7%), CABROKERS's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (2%), CABROKERS's dividend payments are thoroughly covered by cash flows.

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


Tania Waldron-Gooden



Mrs. Tania S. Waldron-Gooden, M.B.A., B.Sc. (Hons), Post. Dip. has been Chief Executive Officer at Caribbean Assurance Brokers Limited since January 1, 2022 and served as Deputy Chief Executive Officer si...


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

Caribbean Assurance Brokers Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Caribbean Assurance Brokers Limited
  • Ticker: CABROKERS
  • Exchange: JMSE
  • Founded: 2005
  • Industry: Insurance Brokers
  • Sector: Insurance
  • Implied Market Cap: JA$616.875m
  • Shares outstanding: 262.50m
  • Website:

Number of Employees


  • Caribbean Assurance Brokers Limited
  • 94D Old Hope Road
  • St. Andrew
  • Kingston
  • 6
  • Jamaica


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/23 00:00
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.