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FTI

First Takaful Insurance Company - KPSC KWSE:FTI Stock Report

Last Price

د.ك0.049

Market Cap

د.ك5.2m

7D

0%

1Y

-0.2%

Updated

25 Sep, 2022

Data

Company Financials
FTI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends0/6

FTI Stock Overview

First Takaful Insurance Company - KPSC provides Takaful insurance solutions to individuals, commercial, and industrial sectors in Kuwait.

First Takaful Insurance Company - KPSC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for First Takaful Insurance Company - KPSC
Historical stock prices
Current Share Priceد.ك0.049
52 Week Highد.ك0.081
52 Week Lowد.ك0.034
Beta-0.054
1 Month Change1.66%
3 Month Change1.88%
1 Year Change-0.20%
3 Year Change15.06%
5 Year Change-29.13%
Change since IPO-81.89%

Recent News & Updates

Shareholder Returns

FTIKW InsuranceKW Market
7D0%-0.9%-2.3%
1Y-0.2%8.0%7.2%

Return vs Industry: FTI underperformed the KW Insurance industry which returned 8% over the past year.

Return vs Market: FTI underperformed the KW Market which returned 7.2% over the past year.

Price Volatility

Is FTI's price volatile compared to industry and market?
FTI volatility
FTI Average Weekly Movement8.3%
Insurance Industry Average Movement5.3%
Market Average Movement4.9%
10% most volatile stocks in KW Market9.5%
10% least volatile stocks in KW Market2.3%

Stable Share Price: FTI is more volatile than 75% of KW stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: FTI's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of KW stocks.

About the Company

FoundedEmployeesCEOWebsite
2000n/aHussain Mohammed Al-Attalhttps://www.firsttakaful.com.kw

First Takaful Insurance Company - KPSC provides Takaful insurance solutions to individuals, commercial, and industrial sectors in Kuwait. It operates in two segments, Takaful Insurance and Investment. The company offers life and medical insurance products, including medical individual and travel assistance, domestic helpers, and Haj and Umrah products.

First Takaful Insurance Company - KPSC Fundamentals Summary

How do First Takaful Insurance Company - KPSC's earnings and revenue compare to its market cap?
FTI fundamental statistics
Market Capد.ك5.21m
Earnings (TTM)د.ك16.55k
Revenue (TTM)د.ك81.45k

326.0x

P/E Ratio

64.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FTI income statement (TTM)
Revenueد.ك81.45k
Cost of Revenueد.ك0
Gross Profitد.ك81.45k
Other Expensesد.ك64.90k
Earningsد.ك16.55k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.00015
Gross Margin100.00%
Net Profit Margin20.32%
Debt/Equity Ratio0.0%

How did FTI perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FTI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FTI?

Other financial metrics that can be useful for relative valuation.

FTI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue63.9x
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does FTI's PB Ratio compare to its peers?

FTI PB Ratio vs Peers
The above table shows the PB ratio for FTI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average0.7x
WETHAQ Wethaq Takaful Insurance Company K.S.C.P
0.4xn/aد.ك4.4m
WINSRE Warba Insurance Company K.S.C.P
0.5xn/aد.ك21.2m
TSI Thai Setakij Insurance
1.7xn/a฿647.0m
LINKASSURE Linkage Assurance
0.2xn/a₦6.6b
FTI First Takaful Insurance Company - KPSC
0.6xn/aد.ك5.2m

Price-To-Book vs Peers: FTI is good value based on its Price-To-Book Ratio (0.6x) compared to the peer average (0.7x).


Price to Earnings Ratio vs Industry

How does FTI's PE Ratio compare vs other companies in the Asian Insurance Industry?

Price-To-Book vs Industry: FTI is good value based on its Price-To-Book Ratio (0.6x) compared to the Asian Insurance industry average (1.2x)


Price to Book Ratio vs Fair Ratio

What is FTI's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FTI PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate FTI's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of FTI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate FTI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FTI's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is First Takaful Insurance Company - KPSC forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.7%

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 First Takaful Insurance Company - KPSC 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.


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Past Performance

How has First Takaful Insurance Company - KPSC performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-31.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FTI has a large one-off gain of KWD162.3K impacting its June 30 2022 financial results.

Growing Profit Margin: FTI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FTI has become profitable over the past 5 years, growing earnings by -31.7% per year.

Accelerating Growth: FTI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FTI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (17.4%).


Return on Equity

High ROE: FTI's Return on Equity (0.2%) is considered low.


Discover strong past performing companies

Financial Health

How is First Takaful Insurance Company - KPSC's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FTI's short term assets (KWD1.5M) exceed its short term liabilities (KWD232.2K).

Long Term Liabilities: FTI's short term assets (KWD1.5M) do not cover its long term liabilities (KWD4.1M).


Debt to Equity History and Analysis

Debt Level: FTI is debt free.

Reducing Debt: FTI has not had any debt for past 5 years.

Debt Coverage: FTI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FTI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is First Takaful Insurance Company - KPSC current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FTI has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.4yrs

Average board tenure


CEO

Hussain Mohammed Al-Attal

no data

Tenure

Mr. Hussain Ali Mohammed Al-Attal serves as Executive Vice Chairman at First Takaful Insurance Company KPSC and its Chief Executive Officer. He serves as Chairman at International Financial Advisors Holdin...


Board Members

Experienced Board: FTI's board of directors are considered experienced (3.4 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

Top 5 shareholders own 90% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
53.45%
International Financial Advisors Holding - KPSC
56,974,502KWD2.8m0%no data
23.82%
Kuwait Holding Company K.S.C.C
25,392,120KWD1.2m0%no data
5.63%
Al Rana General Trading & Contracting Co
6,001,580KWD293.5k0%no data
5.27%
Kuwait Real Estate Company K.P.S.C.
5,617,820KWD274.7k0%no data
1.83%
Med Al-Bahar Holding Co.
1,951,846KWD95.4k0%no data

Company Information

First Takaful Insurance Company - KPSC's employee growth, exchange listings and data sources


Key Information

  • Name: First Takaful Insurance Company - KPSC
  • Ticker: FTI
  • Exchange: KWSE
  • Founded: 2000
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Implied Market Cap: د.ك5.213m
  • Shares outstanding: 106.60m
  • Website: https://www.firsttakaful.com.kw

Location

  • First Takaful Insurance Company - KPSC
  • Souq Al-Safat Building
  • Office 4, First Floor
  • Kuwait City
  • 13058
  • Kuwait


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FTIKWSE (Kuwait Stock Exchange)YesShare CapitalKWKWDFeb 2005

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/22 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.