CIC Insurance Group Plc engages in the general and life insurance products and services.
Price History & Performance
|Historical stock prices|
|Current Share Price||KSh2.65|
|52 Week High||KSh2.00|
|52 Week Low||KSh3.50|
|1 Month Change||-1.49%|
|3 Month Change||3.92%|
|1 Year Change||28.02%|
|3 Year Change||-32.05%|
|5 Year Change||-34.57%|
|Change since IPO||-26.90%|
Recent News & Updates
|CIC||KE Insurance||KE Market|
Return vs Industry: CIC exceeded the KE Insurance industry which returned 12.2% over the past year.
Return vs Market: CIC matched the KE Market which returned 28.2% over the past year.
Stable Share Price: CIC is not significantly more volatile than the rest of KE stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CIC's weekly volatility (6%) has been stable over the past year.
About the Company
CIC Insurance Group Plc engages in the general and life insurance products and services. The company offers general insurance products, including motor, marine, agriculture, personal accident, school products, customized products, travel, domestic package, property owners, burglary, consequential loss, and fire insurance, as well as sports person’s policy insurance. It also provides life assurance products; corporate, family, and other health insurance; and asset management products, including equity, balanced, fixed income, and money market funds, as well as income draw down and segregated umbrella funds, and pension products.
CIC Insurance Group Fundamentals Summary
|CIC fundamental statistics|
Is CIC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CIC income statement (TTM)|
|Cost of Revenue||KSh12.67b|
Last Reported Earnings
Jun 30, 2020
Next Earnings Date
|Earnings per share (EPS)||-0.013|
|Net Profit Margin||-0.21%|
How did CIC perform over the long term?See historical performance and comparison
Is CIC Insurance Group undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CIC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CIC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CIC is unprofitable, so we can't compare its PE Ratio to the African Insurance industry average.
PE vs Market: CIC 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 CIC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CIC is overvalued based on its PB Ratio (0.9x) compared to the KE Insurance industry average (0.8x).
How is CIC Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 CIC Insurance Group 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.
How has CIC Insurance Group performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: CIC is currently unprofitable.
Growing Profit Margin: CIC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if CIC's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare CIC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CIC is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (18.2%).
Return on Equity
High ROE: CIC has a negative Return on Equity (-0.46%), as it is currently unprofitable.
How is CIC Insurance Group's financial position?
Financial Position Analysis
Short Term Liabilities: CIC's short term assets (KES380.5M) do not cover its short term liabilities (KES3.8B).
Long Term Liabilities: CIC's short term assets (KES380.5M) do not cover its long term liabilities (KES25.9B).
Debt to Equity History and Analysis
Debt Level: CIC's debt to equity ratio (50.3%) is considered high.
Reducing Debt: CIC's debt to equity ratio has reduced from 67.3% to 50.3% over the past 5 years.
Debt Coverage: CIC's debt is well covered by operating cash flow (36.9%).
Interest Coverage: Insufficient data to determine if CIC's interest payments on its debt are well covered by EBIT.
What is CIC Insurance Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CIC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CIC'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 CIC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CIC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: CIC is not paying a notable dividend for the KE market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CIC's dividend in 3 years as they are not forecast to pay a notable one for the KE market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Patrick Nyaga (53 yo)
Mr. Patrick Nyaga serves as Group Chief Executive Officer at CIC Insurance Group Ltd. since 2020 and serves as its Executive Director since September 29, 2020. He served as Group Finance and Strategy Direc...
Experienced Management: CIC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: CIC's board of directors are not considered experienced ( 1.1 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.
CIC Insurance Group Plc's employee growth, exchange listings and data sources
- Name: CIC Insurance Group Plc
- Ticker: CIC
- Exchange: NASE
- Founded: 1968
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: KSh6.931b
- Shares outstanding: 2.62b
- Website: https://www.cic.co.ke
Number of Employees
- CIC Insurance Group Plc
- CIC Plaza
- Mara Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 18:14|
|End of Day Share Price||2021/10/21 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.