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
|Historical stock prices|
|Current Share Price||JA$6.00|
|52 Week High||JA$8.00|
|52 Week Low||JA$5.00|
|1 Month Change||2.56%|
|3 Month Change||1.87%|
|1 Year Change||14.07%|
|3 Year Change||42.86%|
|5 Year Change||106.90%|
|Change since IPO||130.77%|
Recent News & Updates
|GENAC||JM Insurance||JM Market|
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.
|GENAC Average Weekly Movement||4.3%|
|Insurance Industry Average Movement||4.2%|
|Market Average Movement||9.5%|
|10% most volatile stocks in JM Market||16.5%|
|10% least volatile stocks in JM Market||5.2%|
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
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
|GENAC fundamental statistics|
Is GENAC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GENAC income statement (TTM)|
|Cost of Revenue||JA$2.12b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.48|
|Net Profit Margin||11.78%|
How did GENAC perform over the long term?See historical performance and comparison
3.2%Current Dividend Yield
Is GENAC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is GENAC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does GENAC's PE Ratio compare to its peers?
|GENAC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
KEY Key Insurance
ROC Ironrock Insurance
MANSARD AXA Mansard Insurance
BNICL Bangladesh National Insurance
GENAC General Accident Insurance Company Jamaica
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.
|Current PE Ratio||12.5x|
|Fair PE Ratio||n/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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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 Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
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- Examine General Accident Insurance Company Jamaica's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
How has General Accident Insurance Company Jamaica performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
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.
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How is General Accident Insurance Company Jamaica's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
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.
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What is General Accident Insurance Company Jamaica current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
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.
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How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
Experienced Management: GENAC's management team is considered experienced (4.5 years average tenure).
Experienced Board: GENAC's board of directors are seasoned and experienced ( 11 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
General Accident Insurance Company Jamaica Limited's employee growth, exchange listings and data sources
- 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
- General Accident Insurance Company Jamaica Limited
- 58 Half-Way-Tree Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/05 00:00|
|End of Day Share Price||2022/07/04 00:00|
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.