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CORNERST

Cornerstone Insurance NGSE:CORNERST Stock Report

Last Price

₦0.45

Market Cap

₦8.7b

7D

-10.0%

1Y

-13.5%

Updated

07 Dec, 2022

Data

Company Financials
CORNERST fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends3/6

CORNERST Stock Overview

Cornerstone Insurance Plc, together with its subsidiaries, provides risk underwriting and related financial services for corporate and individual customers in Nigeria.

Cornerstone Insurance Plc Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cornerstone Insurance
Historical stock prices
Current Share Price₦0.45
52 Week High₦0.75
52 Week Low₦0.40
Beta0.34
1 Month Change12.50%
3 Month Change-29.69%
1 Year Change-13.46%
3 Year Change-10.48%
5 Year Change11.00%
Change since IPO-28.29%

Recent News & Updates

Recent updates

Shareholder Returns

CORNERSTNG InsuranceNG Market
7D-10.0%0.8%1.3%
1Y-13.5%-14.6%3.2%

Return vs Industry: CORNERST matched the NG Insurance industry which returned -13.9% over the past year.

Return vs Market: CORNERST underperformed the NG Market which returned 4.3% over the past year.

Price Volatility

Is CORNERST's price volatile compared to industry and market?
CORNERST volatility
CORNERST Average Weekly Movement9.2%
Insurance Industry Average Movement6.5%
Market Average Movement5.3%
10% most volatile stocks in NG Market7.2%
10% least volatile stocks in NG Market3.2%

Stable Share Price: CORNERST is more volatile than 90% of NG stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CORNERST's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of NG stocks.

About the Company

FoundedEmployeesCEOWebsite
1991159Ganiyu Musahttps://cornerstone.com.ng

Cornerstone Insurance Plc, together with its subsidiaries, provides risk underwriting and related financial services for corporate and individual customers in Nigeria. It operates through Non-Life Insurance, Life Insurance, Hilal Takaful Nigeria Limited, Fin Insurance Company Limited, and Cornerstone Leasing and Investment Limited segments. The company offers property-casualty insurance and life/health insurance products.

Cornerstone Insurance Plc Fundamentals Summary

How do Cornerstone Insurance's earnings and revenue compare to its market cap?
CORNERST fundamental statistics
Market Cap₦8.66b
Earnings (TTM)₦2.94b
Revenue (TTM)₦12.73b

2.8x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CORNERST income statement (TTM)
Revenue₦12.73b
Cost of Revenue₦6.17b
Gross Profit₦6.56b
Other Expenses₦3.62b
Earnings₦2.94b

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.16
Gross Margin51.51%
Net Profit Margin23.07%
Debt/Equity Ratio0.0%

How did CORNERST perform over the long term?

See historical performance and comparison

Dividends

11.1%

Current Dividend Yield

29%

Payout Ratio