Kenya Reinsurance Corporation Limited underwrites various classes of reinsurance to insurance companies in Africa, the Middle East, and Asia.
Price History & Performance
|Historical stock prices|
|Current Share Price||KSh2.46|
|52 Week High||KSh2.00|
|52 Week Low||KSh2.94|
|1 Month Change||-2.77%|
|3 Month Change||-1.99%|
|1 Year Change||9.82%|
|3 Year Change||-37.72%|
|5 Year Change||-51.41%|
|Change since IPO||-29.35%|
Recent News & Updates
|KNRE||KE Insurance||KE Market|
Return vs Industry: KNRE underperformed the KE Insurance industry which returned 12.7% over the past year.
Return vs Market: KNRE underperformed the KE Market which returned 30% over the past year.
Stable Share Price: KNRE is less volatile than 75% of KE stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: KNRE's weekly volatility (2%) has been stable over the past year.
About the Company
Kenya Reinsurance Corporation Limited underwrites various classes of reinsurance to insurance companies in Africa, the Middle East, and Asia. The company operates through Short Term Business and Long Term Business segments. The Short Term Business segment offers aviation, engineering, fire, medical, liability, marine, motor, personal accident, theft, workmen’s compensation, employer’s liability, and miscellaneous reinsurance products.
Kenya Reinsurance Fundamentals Summary
|KNRE fundamental statistics|
Is KNRE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KNRE income statement (TTM)|
|Cost of Revenue||KSh18.83b|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||1.05|
|Net Profit Margin||11.75%|
How did KNRE perform over the long term?See historical performance and comparison
8.1%Current Dividend Yield
Is Kenya Reinsurance undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate KNRE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate KNRE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: KNRE is good value based on its PE Ratio (2.3x) compared to the African Insurance industry average (7.5x).
PE vs Market: KNRE is good value based on its PE Ratio (2.3x) compared to the KE market (6.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KNRE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KNRE is good value based on its PB Ratio (0.2x) compared to the KE Insurance industry average (0.8x).
How is Kenya Reinsurance 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 Kenya Reinsurance 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 Kenya Reinsurance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KNRE has high quality earnings.
Growing Profit Margin: KNRE's current net profit margins (11.8%) are lower than last year (19.9%).
Past Earnings Growth Analysis
Earnings Trend: KNRE's earnings have declined by 0.3% per year over the past 5 years.
Accelerating Growth: KNRE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KNRE had negative earnings growth (-25.9%) over the past year, making it difficult to compare to the Insurance industry average (18.2%).
Return on Equity
High ROE: KNRE's Return on Equity (8.6%) is considered low.
How is Kenya Reinsurance's financial position?
Financial Position Analysis
Short Term Liabilities: KNRE's short term assets (KES14.7B) exceed its short term liabilities (KES14.7B).
Long Term Liabilities: KNRE's short term assets (KES14.7B) exceed its long term liabilities (KES4.2B).
Debt to Equity History and Analysis
Debt Level: KNRE is debt free.
Reducing Debt: KNRE has not had any debt for past 5 years.
Debt Coverage: KNRE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: KNRE has no debt, therefore coverage of interest payments is not a concern.
What is Kenya Reinsurance current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KNRE's dividend (8.13%) is higher than the bottom 25% of dividend payers in the KE market (4.19%).
High Dividend: KNRE's dividend (8.13%) is in the top 25% of dividend payers in the KE market (7.8%)
Stability and Growth of Payments
Stable Dividend: KNRE's dividend payments have been volatile in the past 10 years.
Growing Dividend: KNRE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (19%), KNRE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jadiah Mwarania (57 yo)
Mr. Jadiah M. Mwarania serves as Managing Director and Director at Kenya Reinsurance Corporation Ltd. since April 11, 2011 and served as its Acting Managing Director since April 11, 2010. He holds a Bachel...
CEO Compensation Analysis
Compensation vs Market: Jadiah's total compensation ($USD330.69K) is about average for companies of similar size in the KE market ($USD263.52K).
Compensation vs Earnings: Jadiah's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: KNRE's management team is considered experienced (3.8 years average tenure).
Experienced Board: KNRE's board of directors are not considered experienced ( 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.
Kenya Reinsurance Corporation Limited's employee growth, exchange listings and data sources
- Name: Kenya Reinsurance Corporation Limited
- Ticker: KNRE
- Exchange: NASE
- Founded: 1970
- Industry: Reinsurance
- Sector: Insurance
- Market Cap: KSh6.887b
- Shares outstanding: 2.80b
- Website: https://www.kenyare.co.ke
- Kenya Reinsurance Corporation Limited
- Reinsurance Plaza
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 14:02|
|End of Day Share Price||2021/10/15 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.