NICO Holdings plc, together with its subsidiaries, engages in general insurance, life assurance and pension administration, banking, asset management, and information technology businesses.
Price History & Performance
|Historical stock prices|
|Current Share Price||MK55.00|
|52 Week High||MK0|
|52 Week Low||MK0|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||14.63%|
|3 Year Change||7.84%|
|5 Year Change||223.53%|
|Change since IPO||300.00%|
Recent News & Updates
|NICO||MW Insurance||MW Market|
Return vs Industry: NICO underperformed the MW Insurance industry which returned 26.8% over the past year.
Return vs Market: NICO underperformed the MW Market which returned 29% over the past year.
Stable Share Price: Insufficient data to determine NICO's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine NICO's volatility change over the past year.
About the Company
NICO Holdings plc, together with its subsidiaries, engages in general insurance, life assurance and pension administration, banking, asset management, and information technology businesses. Its general insurance products comprise motor vehicle, building and road construction, liability, engineering, professional indemnity, marine hull and cargo, fire, loss of profits, agriculture, burglary, house-owners and householders, personal accident, and other insurance products. The company also offers individual life insurance products, including endowment assurance with profits, cash generator endowment assurance with profits, savings protection policy with profits, child saver, lien endowment assurance with profits, and unit linked endowment with profits; and group business insurance products comprising deposit administration, managed funds, group life assurance, group mortgage, group credit, and group funeral policies and annuities.
NICO Holdings Fundamentals Summary
|NICO fundamental statistics|
Is NICO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NICO income statement (TTM)|
|Cost of Revenue||MK103.15b|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||9.59|
|Net Profit Margin||6.04%|
How did NICO perform over the long term?See historical performance and comparison
4.2%Current Dividend Yield
Does NICO pay a reliable dividends?See NICO dividend history and benchmarks
|NICO Holdings dividend dates|
|Ex Dividend Date||Oct 20 2021|
|Dividend Pay Date||Nov 04 2021|
|Days until Ex dividend||1 day|
|Days until Dividend pay date||16 days|
Does NICO pay a reliable dividends?See NICO dividend history and benchmarks
Is NICO Holdings 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: NICO (MWK55) is trading above our estimate of fair value (MWK49.28)
Significantly Below Fair Value: NICO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NICO is good value based on its PE Ratio (5.7x) compared to the African Insurance industry average (7.5x).
PE vs Market: NICO is good value based on its PE Ratio (5.7x) compared to the MW market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NICO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NICO is overvalued based on its PB Ratio (1.4x) compared to the XF Insurance industry average (0.9x).
How is NICO Holdings 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 NICO Holdings 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 NICO Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NICO has high quality earnings.
Growing Profit Margin: NICO's current net profit margins (6%) are higher than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: NICO's earnings have grown significantly by 33.3% per year over the past 5 years.
Accelerating Growth: NICO's earnings growth over the past year (24.8%) is below its 5-year average (33.3% per year).
Earnings vs Industry: NICO earnings growth over the past year (24.8%) exceeded the Insurance industry 18.2%.
Return on Equity
High ROE: NICO's Return on Equity (25.9%) is considered high.
How is NICO Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: NICO's short term assets (MWK281.2B) exceed its short term liabilities (MWK214.2B).
Long Term Liabilities: NICO's short term assets (MWK281.2B) do not cover its long term liabilities (MWK415.2B).
Debt to Equity History and Analysis
Debt Level: NICO's debt to equity ratio (55.5%) is considered high.
Reducing Debt: NICO's debt to equity ratio has increased from 9.5% to 55.5% over the past 5 years.
Debt Coverage: NICO's debt is well covered by operating cash flow (172.3%).
Interest Coverage: NICO's interest payments on its debt are well covered by EBIT (21.2x coverage).
What is NICO Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NICO's dividend (4.18%) is higher than the bottom 25% of dividend payers in the MW market (1.43%).
High Dividend: NICO's dividend (4.18%) is low compared to the top 25% of dividend payers in the MW market (4.81%).
Stability and Growth of Payments
Stable Dividend: NICO's dividend payments have been volatile in the past 10 years.
Growing Dividend: NICO's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24%), NICO'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
Vizenge Kumwenda (59 yo)
Mr. Vizenge Matumika Kumwenda, FCCA, ACII, M.Sc (Fin), B.Com (Acc), Dip Bus., CPA, has been the Group Managing Director of NICO Holdings Limited since January 01, 2016 and served as its Deputy Managing Di...
Experienced Management: NICO's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: NICO's board of directors are considered experienced (5.6 years average tenure).
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.
NICO Holdings plc's employee growth, exchange listings and data sources
- Name: NICO Holdings plc
- Ticker: NICO
- Exchange: MAL
- Founded: NaN
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: MK57.367b
- Shares outstanding: 1.04b
- Website: https://www.nicomw.com
Number of Employees
- NICO Holdings plc
- Chibisa House
- 19 Glyn Jones Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 21:41|
|End of Day Share Price||2021/10/18 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.