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GENA

General Accident Insurance Company Jamaica JMSE:GENAC Stock Report

Last Price

JA$6.00

Market Cap

JA$6.2b

7D

0%

1Y

14.1%

Updated

05 Jul, 2022

Data

Company Financials
GENAC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends3/6

GENAC Stock Overview

General Accident Insurance Company Jamaica Limited, a general insurance company, provides underwriting services for commercial, personal property, and casualty insurance products in Jamaica.

General Accident Insurance Company Jamaica Competitors

Price History & Performance

Summary of all time highs, changes and price drops for General Accident Insurance Company Jamaica
Historical stock prices
Current Share PriceJA$6.00
52 Week HighJA$8.00
52 Week LowJA$5.00
Beta0.065
1 Month Change2.56%
3 Month Change1.87%
1 Year Change14.07%
3 Year Change42.86%
5 Year Change106.90%
Change since IPO130.77%

Recent News & Updates

Shareholder Returns

GENACJM InsuranceJM Market
7D0%0.8%-0.6%
1Y14.1%-1.6%-2.7%

Return vs Industry: GENAC exceeded the JM Insurance industry which returned -0.9% over the past year.

Return vs Market: GENAC exceeded the JM Market which returned -0.9% over the past year.

Price Volatility

Is GENAC's price volatile compared to industry and market?
GENAC volatility
GENAC Average Weekly Movement4.3%
Insurance Industry Average Movement4.2%
Market Average Movement9.5%
10% most volatile stocks in JM Market16.5%
10% least volatile stocks in JM Market5.2%

Stable Share Price: GENAC is less volatile than 75% of JM stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GENAC's weekly volatility has decreased from 10% to 4% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1920n/aSharon Donaldson-Levinehttps://www.genac.com

General Accident Insurance Company Jamaica Limited, a general insurance company, provides underwriting services for commercial, personal property, and casualty insurance products in Jamaica. It operates through six segments: Motor, Fire and Allied Perils, Marine, Liability, Homeowners and Burglary, and Miscellaneous Accidents. The Motor segment covers loss of motor vehicle, including liabilities to third parties.

General Accident Insurance Company Jamaica Fundamentals Summary

How do General Accident Insurance Company Jamaica's earnings and revenue compare to its market cap?
GENAC fundamental statistics
Market CapJA$6.19b
Earnings (TTM)JA$494.47m
Revenue (TTM)JA$4.20b

12.5x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GENAC income statement (TTM)
RevenueJA$4.20b
Cost of RevenueJA$2.12b
Gross ProfitJA$2.08b
Other ExpensesJA$1.58b
EarningsJA$494.47m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.48
Gross Margin49.44%
Net Profit Margin11.78%
Debt/Equity Ratio0%

How did GENAC perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

39%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 GENAC?

Other financial metrics that can be useful for relative valuation.

GENAC 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/Revenue1.3x
Enterprise Value/EBITDA10x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

GENAC PE Ratio vs Peers
The above table shows the PE ratio for GENAC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.3x
KEY Key Insurance
13.5xn/aJA$2.2b
ROC Ironrock Insurance
13.5xn/aJA$704.1m
MANSARD AXA Mansard Insurance
18.3xn/a₦17.8b
BNICL Bangladesh National Insurance
19.9xn/a৳3.0b
GENAC General Accident Insurance Company Jamaica
12.5xn/aJA$6.2b

Price-To-Earnings vs Peers: GENAC is good value based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (16.3x).


Price to Earnings Ratio vs Industry

How does GENAC's PE Ratio compare vs other companies in the South American Insurance Industry?

Price-To-Earnings vs Industry: GENAC is expensive based on its Price-To-Earnings Ratio (12.5x) compared to the JM Insurance industry average (11.8x)


Price to Earnings Ratio vs Fair Ratio

What is GENAC'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.

GENAC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.5x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: GENAC (JMD6) is trading above our estimate of fair value (JMD0.85)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is General Accident Insurance Company Jamaica 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


13.7%

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 General Accident Insurance Company Jamaica 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.


Discover growth companies

Past Performance

How has General Accident Insurance Company Jamaica performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GENAC has a high level of non-cash earnings.

Growing Profit Margin: GENAC's current net profit margins (11.8%) are lower than last year (13.6%).


Past Earnings Growth Analysis

Earnings Trend: GENAC's earnings have grown by 5.1% per year over the past 5 years.

Accelerating Growth: GENAC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GENAC had negative earnings growth (-3.7%) over the past year, making it difficult to compare to the Insurance industry average (132.5%).


Return on Equity

High ROE: GENAC's Return on Equity (12.3%) is considered low.


Discover strong past performing companies

Financial Health

How is General Accident Insurance Company Jamaica's financial position?

Financial Health Score

5/6

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: GENAC's short term assets (JMD4.9B) exceed its short term liabilities (JMD980.8M).

Long Term Liabilities: GENAC's short term assets (JMD4.9B) do not cover its long term liabilities (JMD6.8B).


Debt to Equity History and Analysis

Debt Level: GENAC is debt free.

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

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

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


Balance Sheet


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Dividend

What is General Accident Insurance Company Jamaica 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

  • Cash Flow Coverage


3.18%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GENAC's dividend (3.18%) is higher than the bottom 25% of dividend payers in the JM market (1.27%).

High Dividend: GENAC's dividend (3.18%) is in the top 25% of dividend payers in the JM market (3.15%)


Stability and Growth of Payments

Stable Dividend: GENAC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: GENAC has only been paying a dividend for 7 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39%), GENAC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

4.5yrs

Average management tenure


CEO

Sharon Donaldson-Levine

14.5yrs

Tenure

Ms. Sharon E. Donaldson-Levine, ACCA, MBA, LLB, CA, serves as Director at Eppley Caribbean Property Fund Limited SCC. She serves as Chief Executive Officer and Managing Director at General Accident Insuran...


Leadership Team

Experienced Management: GENAC's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: GENAC's board of directors are seasoned and experienced ( 11 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

General Accident Insurance Company Jamaica Limited's employee growth, exchange listings and data sources


Key Information

  • Name: General Accident Insurance Company Jamaica Limited
  • Ticker: GENAC
  • Exchange: JMSE
  • Founded: 1920
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Implied Market Cap: JA$6.188b
  • Shares outstanding: 1.03b
  • Website: https://www.genac.com

Location

  • General Accident Insurance Company Jamaica Limited
  • 58 Half-Way-Tree Road
  • Kingston
  • 10
  • Jamaica

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/05 00:00
End of Day Share Price2022/07/04 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.