company background image
SLAM

Sanlam KenyaNASE:SLAM Stock Report

Market Cap

KSh1.7b

7D

-3.4%

1Y

-8.0%

Updated

18 Oct, 2021

Data

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

SLAM Overview

Sanlam Kenya Plc, through its subsidiaries, engages in underwriting long-term and short-term insurance business in Kenya.

Price History & Performance

Summary of all time highs, changes and price drops for Sanlam Kenya
Historical stock prices
Current Share PriceKSh11.50
52 Week HighKSh9.00
52 Week LowKSh14.00
Beta0.089
1 Month Change0%
3 Month Change1.77%
1 Year Change-8.00%
3 Year Change-51.58%
5 Year Change-65.41%
Change since IPO32.69%

Recent News & Updates

Shareholder Returns

SLAMKE InsuranceKE Market
7D-3.4%-2.2%1.4%
1Y-8.0%13.9%29.7%

Return vs Industry: SLAM underperformed the KE Insurance industry which returned 12.7% over the past year.

Return vs Market: SLAM underperformed the KE Market which returned 30% over the past year.

Price Volatility

Is SLAM's price volatile compared to industry and market?
SLAM volatility
SLAM Beta0.089
Industry Beta0.81
Market Beta1

Stable Share Price: SLAM is more volatile than 90% of KE stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: SLAM's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of KE stocks.

About the Company

FoundedEmployeesCEOWebsite
1946178Patrick Tumbohttps://www.sanlam.com/kenya

Sanlam Kenya Plc, through its subsidiaries, engages in underwriting long-term and short-term insurance business in Kenya. It operates through four segments: Ordinary Life Insurance, Superannuation, General Insurance, and Investments. The company underwrites life and non-life insurance risks, such as death, disability, credit protection, mortgage protection, property protection, general, home, motor comprehensive private, personal accident, all risk, and public liability insurance, as well as offers marine insurance and education saving products.

Sanlam Kenya Fundamentals Summary

How do Sanlam Kenya's earnings and revenue compare to its market cap?
SLAM fundamental statistics
Market CapKSh1.66b
Earnings (TTM)-KSh117.01m
Revenue (TTM)KSh9.56b

0.2x

P/S Ratio

-14.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SLAM income statement (TTM)
RevenueKSh9.56b
Cost of RevenueKSh6.88b
Gross ProfitKSh2.68b
ExpensesKSh2.79b
Earnings-KSh117.01m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-0.81
Gross Margin27.99%
Net Profit Margin-1.22%
Debt/Equity Ratio179.6%

How did SLAM perform over the long term?

See historical performance and comparison

Valuation

Is Sanlam Kenya undervalued compared to its fair value and its price relative to the market?

1.25x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: SLAM 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 SLAM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SLAM is overvalued based on its PB Ratio (1.3x) compared to the KE Insurance industry average (0.8x).


Future Growth

How is Sanlam Kenya 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 Sanlam Kenya 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 Sanlam Kenya performed over the past 5 years?

-13.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SLAM is currently unprofitable.

Growing Profit Margin: SLAM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SLAM is unprofitable, and losses have increased over the past 5 years at a rate of 13.2% per year.

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

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


Return on Equity

High ROE: SLAM has a negative Return on Equity (-4.72%), as it is currently unprofitable.


Financial Health

How is Sanlam Kenya's financial position?


Financial Position Analysis

Short Term Liabilities: SLAM's short term assets (KES27.5B) exceed its short term liabilities (KES11.1B).

Long Term Liabilities: SLAM's short term assets (KES27.5B) exceed its long term liabilities (KES18.8B).


Debt to Equity History and Analysis

Debt Level: SLAM's debt to equity ratio (179.6%) is considered high.

Reducing Debt: Insufficient data to determine if SLAM's debt to equity ratio has reduced 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 SLAM has enough cash runway based on its current free cash flow.

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


Dividend

What is Sanlam Kenya current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SLAM'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?

3.0yrs

Average board tenure


CEO

Patrick Tumbo (57 yo)

3.17yrs

Tenure

KSh68,940,000

Compensation

Dr. Patrick Tumbo serves as Group Chief Executive Officer and Executive Director of Sanlam Kenya Plc since August 2, 2018. Dr. Tumbo is a Chartered Insurer joined the Sanlam Kenya Group from Jubilee Insura...


CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD621.36K) is above average for companies of similar size in the KE market ($USD263.40K).

Compensation vs Earnings: Patrick's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: SLAM'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

Sanlam Kenya Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Sanlam Kenya Plc
  • Ticker: SLAM
  • Exchange: NASE
  • Founded: 1946
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: KSh1.656b
  • Shares outstanding: 144.00m
  • Website: https://www.sanlam.com/kenya

Number of Employees


Location

  • Sanlam Kenya Plc
  • Sanlam Tower
  • 15th floor
  • 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 Analysis2021/10/18 15:24
End of Day Share Price2021/10/18 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.