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AFRI

African Alliance InsuranceNGSE:AFRINSURE Stock Report

Market Cap

₦4.1b

7D

0%

1Y

0%

Updated

25 Oct, 2021

Data

Company Financials
AFRINSURE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

AFRINSURE Overview

African Alliance Insurance Plc provides risk underwriting for life, related financial and pension services, and aviation for corporate and individual customers in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for African Alliance Insurance
Historical stock prices
Current Share Price₦0.20
52 Week High₦0.20
52 Week Low₦0.28
Beta0.24
1 Month Change0%
3 Month Change0%
1 Year Change0%
3 Year Change0%
5 Year Change-60.00%
Change since IPO-93.67%

Recent News & Updates

Shareholder Returns

AFRINSURENG InsuranceNG Market
7D0%1.1%0.7%
1Y0%33.4%40.9%

Return vs Industry: AFRINSURE underperformed the NG Insurance industry which returned 33.4% over the past year.

Return vs Market: AFRINSURE underperformed the NG Market which returned 40.9% over the past year.

Price Volatility

Is AFRINSURE's price volatile compared to industry and market?
AFRINSURE volatility
AFRINSURE Beta0.24
Industry Beta0.69
Market Beta1

Stable Share Price: AFRINSURE is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: AFRINSURE's weekly volatility has decreased from 5% to 0% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1960159Joyce Ojemudiahttps://africanallianceplc.com

African Alliance Insurance Plc provides risk underwriting for life, related financial and pension services, and aviation for corporate and individual customers in Nigeria. It operates through Life Business and Air Freight Business segments. The company offers provides cargo air transportation through leasing arrangement; annuity, education, and mortgage protection plan insurance; takaful; savings schemes and investment products.

African Alliance Insurance Fundamentals Summary

How do African Alliance Insurance's earnings and revenue compare to its market cap?
AFRINSURE fundamental statistics
Market Cap₦4.12b
Earnings (TTM)-₦8.38b
Revenue (TTM)₦15.78b

0.3x

P/S Ratio

-0.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AFRINSURE income statement (TTM)
Revenue₦15.78b
Cost of Revenue₦21.36b
Gross Profit-₦5.58b
Expenses₦2.80b
Earnings-₦8.38b

Last Reported Earnings

Sep 30, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-0.41
Gross Margin-35.39%
Net Profit Margin-53.11%
Debt/Equity Ratio-3.2%

How did AFRINSURE perform over the long term?

See historical performance and comparison

Valuation

Is African Alliance Insurance undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether African Alliance Insurance is trading at an attractive price based on the cash flow it is expected to produce in the future. But as African Alliance Insurance has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Future Growth

How is African Alliance Insurance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.0%

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 African Alliance Insurance 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 African Alliance Insurance performed over the past 5 years?

-11,693,083.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: AFRINSURE is currently unprofitable.

Growing Profit Margin: AFRINSURE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if AFRINSURE's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare AFRINSURE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AFRINSURE is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (3.1%).


Return on Equity

High ROE: AFRINSURE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is African Alliance Insurance's financial position?


Financial Position Analysis

Short Term Liabilities: AFRINSURE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: AFRINSURE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: AFRINSURE has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: AFRINSURE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if AFRINSURE has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if AFRINSURE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is African Alliance Insurance current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AFRINSURE's dividend in 3 years as they are not forecast to pay a notable one for the NG market.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Joyce Ojemudia

1

Tenure

Ms. Joyce Ojemudia has been Managing Director, Chief Executive Officer and Director of African Alliance Insurance Plc since October 2020. Ms. Ojemudia is an accomplished insurance professional and astute m...


Leadership Team

Experienced Management: AFRINSURE's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: AFRINSURE's board of directors are not considered experienced ( 1 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

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


Top Shareholders

Company Information

African Alliance Insurance Plc's employee growth, exchange listings and data sources


Key Information

  • Name: African Alliance Insurance Plc
  • Ticker: AFRINSURE
  • Exchange: NGSE
  • Founded: 1960
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: ₦4.117b
  • Shares outstanding: 20.59b
  • Website: https://africanallianceplc.com

Number of Employees


Location

  • African Alliance Insurance Plc
  • 54 Awolowo Road
  • Ikoyi
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:41
End of Day Share Price2021/10/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.