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NICO

NICO HoldingsMAL:NICO Stock Report

Market Cap

MK57.4b

7D

0%

1Y

14.6%

Updated

18 Oct, 2021

Data

Company Financials
NICO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends3/6

NICO Overview

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

Summary of all time highs, changes and price drops for NICO Holdings
Historical stock prices
Current Share PriceMK55.00
52 Week HighMK0
52 Week LowMK0
Beta0.18
1 Month Change0%
3 Month Change0%
1 Year Change14.63%
3 Year Change7.84%
5 Year Change223.53%
Change since IPO300.00%

Recent News & Updates

Shareholder Returns

NICOMW InsuranceMW Market
7D0%-0.9%-0.4%
1Y14.6%26.8%29.0%

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.

Price Volatility

Is NICO's price volatile compared to industry and market?
NICO volatility
NICO Beta0.18
Industry Beta0.81
Market Beta1

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

FoundedEmployeesCEOWebsite
n/a1,081Vizenge Kumwendahttps://www.nicomw.com

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

How do NICO Holdings's earnings and revenue compare to its market cap?
NICO fundamental statistics
Market CapMK57.37b
Earnings (TTM)MK10.00b
Revenue (TTM)MK165.49b

5.7x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NICO income statement (TTM)
RevenueMK165.49b
Cost of RevenueMK103.15b
Gross ProfitMK62.34b
ExpensesMK52.34b
EarningsMK10.00b

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)9.59
Gross Margin37.67%
Net Profit Margin6.04%
Debt/Equity Ratio55.5%

How did NICO perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

24%

Payout Ratio

Does NICO pay a reliable dividends?

See NICO dividend history and benchmarks
When do you need to buy NICO by to receive an upcoming dividend?
NICO Holdings dividend dates
Ex Dividend DateOct 20 2021
Dividend Pay DateNov 04 2021
Days until Ex dividend1 day
Days until Dividend pay date16 days

Does NICO pay a reliable dividends?

See NICO dividend history and benchmarks

Valuation

Is NICO Holdings undervalued compared to its fair value and its price relative to the market?

5.73x

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).


Future Growth

How is NICO Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.1%

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.


Past Performance

How has NICO Holdings performed over the past 5 years?

33.3%

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.


Financial Health

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).


Balance Sheet


Dividend

What is NICO Holdings's current dividend yield, its reliability and sustainability?

4.18%

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.


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Vizenge Kumwenda (59 yo)

5.75yrs

Tenure

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...


Leadership Team

Experienced Management: NICO's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: NICO's board of directors are considered experienced (5.6 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

NICO Holdings plc's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • NICO Holdings plc
  • Chibisa House
  • 19 Glyn Jones Road
  • Blantyre
  • Malawi

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 21:41
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.