WETHAQ Stock Overview
Wethaq Takaful Insurance Company K.S.C.P.
Wethaq Takaful Insurance Company K.S.C.P Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||د.ك0.035|
|52 Week High||د.ك0.10|
|52 Week Low||د.ك0.024|
|1 Month Change||-14.15%|
|3 Month Change||-9.04%|
|1 Year Change||40.80%|
|3 Year Change||30.37%|
|5 Year Change||-25.11%|
|Change since IPO||-86.20%|
Recent News & Updates
|WETHAQ||KW Insurance||KW Market|
Return vs Industry: WETHAQ exceeded the KW Insurance industry which returned 5.8% over the past year.
Return vs Market: WETHAQ exceeded the KW Market which returned 3.1% over the past year.
|WETHAQ Average Weekly Movement||14.2%|
|Insurance Industry Average Movement||5.9%|
|Market Average Movement||5.3%|
|10% most volatile stocks in KW Market||10.0%|
|10% least volatile stocks in KW Market||2.5%|
Stable Share Price: WETHAQ is more volatile than 90% of KW stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: WETHAQ's weekly volatility has decreased from 24% to 14% over the past year, but is still higher than 75% of KW stocks.
About the Company
|2000||n/a||Fawaz Al Mazroui||https://www.wethaq.com|
Wethaq Takaful Insurance Company K.S.C.P. provides insurance and reinsurance products and services in Kuwait and Egypt. The company offers motor vehicle insurance products, including comprehensive, geographical extension, driving license, private personal accidents/orange card/road assistance/replacement vehicle, warranties, and TPL- all-terrain vehicle insurance; and fire and property insurance products comprising fire and allied perils/property all risk, house holders comprehensive, burglary, and plate glass insurance. It also provides construction and engineering insurance products, such as contractors all risks/rigs, erection all-risks, construction plant and machinery, machinery breakdown, electronic equipment, and workmen compensation insurance; and liability insurance products that consist of general third party liability, employer’s liability, hauliers, TPL-motor, and TPL-boat policies.
Wethaq Takaful Insurance Company K.S.C.P Fundamentals Summary
|WETHAQ fundamental statistics|
Is WETHAQ overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WETHAQ income statement (TTM)|
|Cost of Revenue||د.ك253.66k|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.0019|
|Net Profit Margin||9.98%|
How did WETHAQ perform over the long term?See historical performance and comparison
Is WETHAQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for WETHAQ?
Other financial metrics that can be useful for relative valuation.
|What is WETHAQ's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does WETHAQ's PE Ratio compare to its peers?
|WETHAQ PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
WINSRE Warba Insurance Company K.S.C.P
KINS Kuwait Insurance CompanyK.P
AINS Al-Ahleia Insurance CompanyK.P
GINS Gulf Insurance Group K.S.C.P
WETHAQ Wethaq Takaful Insurance Company K.S.C.P
Price-To-Earnings vs Peers: WETHAQ is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (7.2x).
Price to Earnings Ratio vs Industry
How does WETHAQ's PE Ratio compare vs other companies in the Asian Insurance Industry?
Price-To-Earnings vs Industry: WETHAQ is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the Asian Insurance industry average (11.7x)
Price to Earnings Ratio vs Fair Ratio
What is WETHAQ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||18.4x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate WETHAQ's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of WETHAQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate WETHAQ's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate WETHAQ'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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How is Wethaq Takaful Insurance Company K.S.C.P forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 Wethaq Takaful Insurance Company K.S.C.P 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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- Examine Wethaq Takaful Insurance Company K.S.C.P's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
How has Wethaq Takaful Insurance Company K.S.C.P performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WETHAQ has a large one-off gain of KWD44.0K impacting its June 30 2022 financial results.
Growing Profit Margin: WETHAQ's current net profit margins (10%) are higher than last year (9.9%).
Past Earnings Growth Analysis
Earnings Trend: WETHAQ has become profitable over the past 5 years, growing earnings by -16.4% per year.
Accelerating Growth: WETHAQ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WETHAQ had negative earnings growth (-6.1%) over the past year, making it difficult to compare to the Insurance industry average (17.4%).
Return on Equity
High ROE: WETHAQ's Return on Equity (1.7%) is considered low.
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How is Wethaq Takaful Insurance Company K.S.C.P's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: WETHAQ's short term assets (KWD7.0M) exceed its short term liabilities (KWD95.5K).
Long Term Liabilities: WETHAQ has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: WETHAQ is debt free.
Reducing Debt: WETHAQ has not had any debt for past 5 years.
Debt Coverage: WETHAQ has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: WETHAQ has no debt, therefore coverage of interest payments is not a concern.
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What is Wethaq Takaful Insurance Company K.S.C.P current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Wethaq Takaful Insurance Company K.S.C.P Dividend Yield vs Market|
|Company (Wethaq Takaful Insurance Company K.S.C.P)||n/a|
|Market Bottom 25% (KW)||2.7%|
|Market Top 25% (KW)||6.9%|
|Industry Average (Insurance)||6.4%|
|Analyst forecast in 3 Years (Wethaq Takaful Insurance Company K.S.C.P)||n/a|
Notable Dividend: Unable to evaluate WETHAQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WETHAQ'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 WETHAQ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WETHAQ'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 WETHAQ has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Fawaz Al Mazroui
Mr. Fawaz Saad Al Mazroui serves as Assistant Chief Executive Officer of Production, Marketing & Development at Wethaq Takaful Insurance Company K.S.C.P. and also serves as its Chief Executive Officer sinc...
Experienced Management: WETHAQ's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Experienced Board: WETHAQ's board of directors are not considered experienced ( 1.7 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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Wethaq Takaful Insurance Company K.S.C.P.'s employee growth, exchange listings and data sources
- Name: Wethaq Takaful Insurance Company K.S.C.P.
- Ticker: WETHAQ
- Exchange: KWSE
- Founded: 2000
- Industry: Multi-line Insurance
- Sector: Insurance
- Implied Market Cap: د.ك3.865m
- Shares outstanding: 109.80m
- Website: https://www.wethaq.com
- Wethaq Takaful Insurance Company K.S.C.P.
- City Tower
- Khaled Bin Al-Waleed Street
- Kuwait City
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WETHAQ||KWSE (Kuwait Stock Exchange)||Yes||Ordinary Shares||KW||KWD||Jan 2005|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/27 00:00|
|End of Day Share Price||2022/09/27 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.