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Wethaq Takaful Insurance Company K.S.C.P KWSE:WETHAQ Stock Report

Last Price

د.ك0.035

Market Cap

د.ك3.9m

7D

-11.8%

1Y

40.8%

Updated

27 Sep, 2022

Data

Company Financials
WETHAQ fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

WETHAQ Stock Overview

Wethaq Takaful Insurance Company K.S.C.P.

Wethaq Takaful Insurance Company K.S.C.P Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Wethaq Takaful Insurance Company K.S.C.P
Historical stock prices
Current Share Priceد.ك0.035
52 Week Highد.ك0.10
52 Week Lowد.ك0.024
Beta0.80
1 Month Change-14.15%
3 Month Change-9.04%
1 Year Change40.80%
3 Year Change30.37%
5 Year Change-25.11%
Change since IPO-86.20%

Recent News & Updates

Shareholder Returns

WETHAQKW InsuranceKW Market
7D-11.8%-3.3%-5.3%
1Y40.8%4.0%3.1%

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.

Price Volatility

Is WETHAQ's price volatile compared to industry and market?
WETHAQ volatility
WETHAQ Average Weekly Movement14.2%
Insurance Industry Average Movement5.9%
Market Average Movement5.3%
10% most volatile stocks in KW Market10.0%
10% least volatile stocks in KW Market2.5%

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

FoundedEmployeesCEOWebsite
2000n/aFawaz Al Mazrouihttps://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

How do Wethaq Takaful Insurance Company K.S.C.P's earnings and revenue compare to its market cap?
WETHAQ fundamental statistics
Market Capد.ك3.87m
Earnings (TTM)د.ك210.21k
Revenue (TTM)د.ك2.11m

18.4x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WETHAQ income statement (TTM)
Revenueد.ك2.11m
Cost of Revenueد.ك253.66k
Gross Profitد.ك1.85m
Other Expensesد.ك1.64m
Earningsد.ك210.21k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0019
Gross Margin87.96%
Net Profit Margin9.98%
Debt/Equity Ratio0.0%

How did WETHAQ perform over the long term?

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

Valuation

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

Valuation Score

0/6

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

  • Analyst Forecast

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.

WETHAQ 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/Revenue1.8x
Enterprise Value/EBITDA4.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does WETHAQ's PE Ratio compare to its peers?

WETHAQ PE Ratio vs Peers
The above table shows the PE ratio for WETHAQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.2x
WINSRE Warba Insurance Company K.S.C.P
9.3xn/aد.ك22.9m
KINS Kuwait Insurance CompanyK.P
7.2xn/aد.ك85.4m
AINS Al-Ahleia Insurance CompanyK.P
6.9xn/aد.ك108.3m
GINS Gulf Insurance Group K.S.C.P
5.3xn/aد.ك283.2m
WETHAQ Wethaq Takaful Insurance Company K.S.C.P
18.4xn/aد.ك3.9m

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.

WETHAQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.4x
Fair PE Ration/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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Future Growth

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 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 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.


Discover growth companies

Past Performance

How has Wethaq Takaful Insurance Company K.S.C.P 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


-16.4%

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.


Discover strong past performing companies

Financial Health

How is Wethaq Takaful Insurance Company K.S.C.P's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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.


Balance Sheet


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Dividend

What is Wethaq Takaful Insurance Company K.S.C.P 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

Wethaq Takaful Insurance Company K.S.C.P Dividend Yield vs Market
How does Wethaq Takaful Insurance Company K.S.C.P dividend yield compare to the market?
SegmentDividend Yield
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.


Discover strong dividend paying companies

Management

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

1.4yrs

Average management tenure


CEO

Fawaz Al Mazroui

0.42yr

Tenure

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...


Leadership Team

Experienced Management: WETHAQ's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: WETHAQ's board of directors are not considered experienced ( 1.7 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

What is the ownership structure of WETHAQ?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders5,512,5005.0%
General Public28,021,79425.5%
Private Companies76,270,20669.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 2 shareholders own 74.48% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
69.46%
Investment Dar Company K.S.C.
76,270,206KWD2.7m0%no data
5.02%
Ahmad Al Gumar
5,512,500KWD194.0k0%no data

Company Information

Wethaq Takaful Insurance Company K.S.C.P.'s employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Wethaq Takaful Insurance Company K.S.C.P.
  • City Tower
  • Khaled Bin Al-Waleed Street
  • Kuwait City
  • 13004
  • Kuwait


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WETHAQKWSE (Kuwait Stock Exchange)YesOrdinary SharesKWKWDJan 2005

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 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.