Al Manara Islamic Insurance Company

ASE:MIIC Stock Report

Market Cap: د.أ2.9m

Al Manara Islamic Insurance Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate MIIC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MIIC's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MIIC?

Key metric: As MIIC is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MIIC. This is calculated by dividing MIIC's market cap by their current revenue.
What is MIIC's PS Ratio?
PS Ratio0.4x
Salesد.أ6.42m
Market Capد.أ2.86m

Price to Sales Ratio vs Peers

How does MIIC's PS Ratio compare to its peers?

The above table shows the PS ratio for MIIC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.4x
MDGF Mediterranean & Gulf Insurance Co P L C - Jordan
0.2xn/aد.أ3.6m
TIIC Islamic Insurance
0.9xn/aد.أ27.7m
ARAS Arab Assurers Insurance
0.1xn/aد.أ1.7m
ARGR Arab Jordanian Insurance Group
0.4xn/aد.أ7.2m
MIIC Al Manara Islamic Insurance
0.4xn/aد.أ2.9m

Price-To-Sales vs Peers: MIIC is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does MIIC's PS Ratio compare vs other companies in the Asian Insurance Industry?

20 CompaniesPrice / SalesEstimated GrowthMarket Cap
MIIC 0.4xIndustry Avg. 0.9xNo. of Companies48PS00.81.62.43.24+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MIIC is good value based on its Price-To-Sales Ratio (0.4x) compared to the Asian Insurance industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is MIIC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MIIC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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