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BRIT

Britam HoldingsNASE:BRIT Stock Report

Market Cap

KSh19.0b

7D

-1.6%

1Y

-0.3%

Updated

25 Oct, 2021

Data

Company Financials
BRIT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

BRIT Overview

Britam Holdings Plc, an investment holding company, engages in the insurance, investment management, private equity, and property businesses in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Malawi, and Mozambique.

Price History & Performance

Summary of all time highs, changes and price drops for Britam Holdings
Historical stock prices
Current Share PriceKSh7.54
52 Week HighKSh6.00
52 Week LowKSh8.78
Beta0.36
1 Month Change-6.68%
3 Month Change-5.51%
1 Year Change-0.27%
3 Year Change-27.15%
5 Year Change-26.44%
Change since IPO27.80%

Recent News & Updates

Shareholder Returns

BRITKE InsuranceKE Market
7D-1.6%-0.7%-1.0%
1Y-0.3%13.2%28.4%

Return vs Industry: BRIT underperformed the KE Insurance industry which returned 12.3% over the past year.

Return vs Market: BRIT underperformed the KE Market which returned 28.5% over the past year.

Price Volatility

Is BRIT's price volatile compared to industry and market?
BRIT volatility
BRIT Beta0.36
Industry Beta0.81
Market Beta1

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

Volatility Over Time: BRIT's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1920929Tava Madzingahttps://www.britam.com

Britam Holdings Plc, an investment holding company, engages in the insurance, investment management, private equity, and property businesses in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Malawi, and Mozambique. It operates through five segments: Long Term Insurance Business, Short Term Insurance Business, Asset Management, Property, and Corporate and Other. The company offers unit linked products, education plans, whole life plans, and other conventional products; and group life and critical illness products, disability products, individual pension plans, umbrella pension plans, and corporate pension plans.

Britam Holdings Fundamentals Summary

How do Britam Holdings's earnings and revenue compare to its market cap?
BRIT fundamental statistics
Market CapKSh19.03b
Earnings (TTM)-KSh9.15b
Revenue (TTM)KSh32.04b

0.6x

P/S Ratio

-2.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRIT income statement (TTM)
RevenueKSh32.04b
Cost of RevenueKSh25.24b
Gross ProfitKSh6.80b
ExpensesKSh15.95b
Earnings-KSh9.15b

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-3.62
Gross Margin21.23%
Net Profit Margin-28.54%
Debt/Equity Ratio28.4%

How did BRIT perform over the long term?

See historical performance and comparison

Valuation

Is Britam Holdings undervalued compared to its fair value and its price relative to the market?

1.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BRIT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BRIT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BRIT is unprofitable, so we can't compare its PE Ratio to the African Insurance industry average.

PE vs Market: BRIT is unprofitable, so we can't compare its PE Ratio to the KE market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BRIT is overvalued based on its PB Ratio (1.1x) compared to the KE Insurance industry average (0.8x).


Future Growth

How is Britam Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.0%

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 Britam Holdings 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.


Past Performance

How has Britam Holdings performed over the past 5 years?

-40.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRIT is currently unprofitable.

Growing Profit Margin: BRIT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BRIT is unprofitable, and losses have increased over the past 5 years at a rate of 40% per year.

Accelerating Growth: Unable to compare BRIT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BRIT is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (18.2%).


Return on Equity

High ROE: BRIT has a negative Return on Equity (-53.39%), as it is currently unprofitable.


Financial Health

How is Britam Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: BRIT's short term assets (KES94.4B) exceed its short term liabilities (KES23.6B).

Long Term Liabilities: BRIT's short term assets (KES94.4B) do not cover its long term liabilities (KES96.3B).


Debt to Equity History and Analysis

Debt Level: BRIT's debt to equity ratio (28.4%) is considered satisfactory.

Reducing Debt: BRIT's debt to equity ratio has reduced from 39.2% to 28.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if BRIT has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BRIT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Britam Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BRIT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BRIT'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 BRIT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BRIT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BRIT is not paying a notable dividend for the KE market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BRIT's dividend in 3 years as they are not forecast to pay a notable one for the KE market.


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Tava Madzinga

0.67

Tenure

Mr. Tavaziva Chadamoyo Madzinga, also known as Tava, serves as Group Managing Director at Britam Holdings Plc since February 01, 2021 and also serves as its Director since February 16, 2021. Mr. Madzinga s...


Leadership Team

Experienced Management: BRIT's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: BRIT's board of directors are considered experienced (3 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

Britam Holdings Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Britam Holdings Plc
  • Ticker: BRIT
  • Exchange: NASE
  • Founded: 1920
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: KSh19.027b
  • Shares outstanding: 2.52b
  • Website: https://www.britam.com

Number of Employees


Location

  • Britam Holdings Plc
  • Britam Centre
  • Junction of Mara and Ragati Roads
  • Nairobi
  • 100
  • Kenya

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:51
End of Day Share Price2021/10/25 00:00
Earnings2020/12/31
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.