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CIC

CIC Insurance GroupNASE:CIC Stock Report

Market Cap

KSh6.9b

7D

-5.0%

1Y

28.0%

Updated

21 Oct, 2021

Data

Company Financials
CIC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

CIC Overview

CIC Insurance Group Plc engages in the general and life insurance products and services.

Price History & Performance

Summary of all time highs, changes and price drops for CIC Insurance Group
Historical stock prices
Current Share PriceKSh2.65
52 Week HighKSh2.00
52 Week LowKSh3.50
Beta0.17
1 Month Change-1.49%
3 Month Change3.92%
1 Year Change28.02%
3 Year Change-32.05%
5 Year Change-34.57%
Change since IPO-26.90%

Recent News & Updates

Shareholder Returns

CICKE InsuranceKE Market
7D-5.0%-1.0%0.07%
1Y28.0%12.2%28.2%

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.

Price Volatility

Is CIC's price volatile compared to industry and market?
CIC volatility
CIC Beta0.17
Industry Beta0.81
Market Beta1

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

FoundedEmployeesCEOWebsite
1968n/aPatrick Nyagahttps://www.cic.co.ke

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

How do CIC Insurance Group's earnings and revenue compare to its market cap?
CIC fundamental statistics
Market CapKSh6.93b
Earnings (TTM)-KSh34.84m
Revenue (TTM)KSh16.74b

0.4x

P/S Ratio

-198.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CIC income statement (TTM)
RevenueKSh16.74b
Cost of RevenueKSh12.67b
Gross ProfitKSh4.07b
ExpensesKSh4.11b
Earnings-KSh34.84m

Last Reported Earnings

Jun 30, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-0.013
Gross Margin24.33%
Net Profit Margin-0.21%
Debt/Equity Ratio50.3%

How did CIC perform over the long term?

See historical performance and comparison

Valuation

Is CIC Insurance Group undervalued compared to its fair value and its price relative to the market?

0.92x

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).


Future Growth

How is CIC Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.9%

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.


Past Performance

How has CIC Insurance Group performed over the past 5 years?

-134.8%

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.


Financial Health

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.


Balance Sheet


Dividend

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.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Patrick Nyaga (53 yo)

1.75yrs

Tenure

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...


Leadership Team

Experienced Management: CIC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: CIC's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


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

CIC Insurance Group Plc's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • CIC Insurance Group Plc
  • CIC Plaza
  • Mara Road
  • Nairobi
  • 200
  • Kenya

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:14
End of Day Share Price2021/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.