ROC Stock Overview
Ironrock Insurance Company Limited engages in the general insurance business in Jamaica.
Ironrock Insurance Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||JA$3.29|
|52 Week High||JA$4.20|
|52 Week Low||JA$2.90|
|1 Month Change||-0.30%|
|3 Month Change||-8.61%|
|1 Year Change||-4.64%|
|3 Year Change||-6.00%|
|5 Year Change||2.81%|
|Change since IPO||-19.76%|
Recent News & Updates
|ROC||JM Insurance||JM Market|
Return vs Industry: ROC underperformed the JM Insurance industry which returned -0.2% over the past year.
Return vs Market: ROC underperformed the JM Market which returned -1.7% over the past year.
|ROC Average Weekly Movement||16.0%|
|Insurance Industry Average Movement||4.3%|
|Market Average Movement||9.3%|
|10% most volatile stocks in JM Market||15.8%|
|10% least volatile stocks in JM Market||5.4%|
Stable Share Price: ROC is more volatile than 90% of JM stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: ROC's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of JM stocks.
About the Company
|2015||n/a||Richard Evan Thwaites||https://www.ironrockjamaica.com|
Ironrock Insurance Company Limited engages in the general insurance business in Jamaica. It underwrites car, home, boat, renters, cargo, and commercial insurance products. The company was incorporated in 2015 and is based in Kingston, Jamaica.
Ironrock Insurance Fundamentals Summary
|ROC fundamental statistics|
Is ROC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ROC income statement (TTM)|
|Cost of Revenue||JA$182.41m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.24|
|Net Profit Margin||13.13%|
How did ROC perform over the long term?See historical performance and comparison
Is ROC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
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 ROC?
Other financial metrics that can be useful for relative valuation.
|What is ROC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does ROC's PE Ratio compare to its peers?
|ROC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
KEY Key Insurance
GENAC General Accident Insurance Company Jamaica
CABROKERS Caribbean Assurance Brokers
CENI Century Insurance
ROC Ironrock Insurance
Price-To-Earnings vs Peers: ROC is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (9.2x).
Price to Earnings Ratio vs Industry
How does ROC's PE Ratio compare vs other companies in the South American Insurance Industry?
Price-To-Earnings vs Industry: ROC is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the JM Insurance industry average (12.6x)
Price to Earnings Ratio vs Fair Ratio
What is ROC'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||13.5x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ROC's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of ROC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate ROC's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate ROC's fair value for valuation analysis.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ROC's PEG Ratio to determine if it is good value.
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How is Ironrock Insurance 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 Ironrock 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.
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- Check out Ironrock Insurance's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
How has Ironrock Insurance performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ROC has a high level of non-cash earnings.
Growing Profit Margin: ROC's current net profit margins (13.1%) are higher than last year (0.4%).
Past Earnings Growth Analysis
Earnings Trend: ROC has become profitable over the past 5 years, growing earnings by 86.4% per year.
Accelerating Growth: ROC's earnings growth over the past year (3171%) exceeds its 5-year average (86.4% per year).
Earnings vs Industry: ROC earnings growth over the past year (3171%) exceeded the Insurance industry 132.5%.
Return on Equity
High ROE: ROC's Return on Equity (9.3%) is considered low.
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How is Ironrock Insurance's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: ROC's short term assets (JMD637.4M) exceed its short term liabilities (JMD55.0M).
Long Term Liabilities: ROC's short term assets (JMD637.4M) do not cover its long term liabilities (JMD821.1M).
Debt to Equity History and Analysis
Debt Level: ROC is debt free.
Reducing Debt: ROC has not had any debt for past 5 years.
Debt Coverage: ROC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ROC has no debt, therefore coverage of interest payments is not a concern.
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What is Ironrock Insurance current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ROC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ROC'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 ROC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ROC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as ROC has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Richard Evan Thwaites
Mr. Richard Evan D. Thwaites serves as the Managing Director of IronRock Insurance Company Limited. Mr. Thwaites spent over thirty years with Globe Insurance Company of Jamaica Ltd. (and its predecessor en...
Experienced Board: ROC's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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.
Ironrock Insurance Company Limited's employee growth, exchange listings and data sources
- Name: Ironrock Insurance Company Limited
- Ticker: ROC
- Exchange: JMSE
- Founded: 2015
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Implied Market Cap: JA$704.060m
- Shares outstanding: 214.00m
- Website: https://www.ironrockjamaica.com
- Ironrock Insurance Company Limited
- 1b Braemar Avenue
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/02 00:00|
|End of Day Share Price||2022/06/30 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.