Cornerstone Insurance Plc

NGSE:CORNERST Stock Report

Market Cap: ₦32.5b

Cornerstone Insurance Past Earnings Performance

Past criteria checks 5/6

Cornerstone Insurance has been growing earnings at an average annual rate of 29.6%, while the Insurance industry saw earnings growing at 25.4% annually. Revenues have been growing at an average rate of 14.7% per year. Cornerstone Insurance's return on equity is 41%, and it has net margins of 88.9%.

Key information

29.6%

Earnings growth rate

29.6%

EPS growth rate

Insurance Industry Growth25.4%
Revenue growth rate14.7%
Return on equity41.0%
Net Margin88.9%
Last Earnings Update31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Cornerstone Insurance makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NGSE:CORNERST Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2317,47615,5324,0580
30 Sep 2316,82512,6273,1580
30 Jun 2315,36213,2342,9060
31 Mar 2314,4023,2172,6920
31 Dec 2213,9072,5312,7130
30 Sep 2212,4802,5952,7530
30 Jun 2212,1522,7892,7160
31 Mar 2212,1472,9412,4040
31 Dec 2111,7203,5112,2860
30 Sep 2111,0052,7922,1550
30 Jun 2111,2791,9781,9750
31 Mar 2111,1132,3622,0490
31 Dec 209,8572,1811,8970
30 Sep 208,5422,1821,8490
30 Jun 2010,5634,5651,8380
31 Mar 2010,7454,5441,8900
31 Dec 1910,5824,0691,8620
30 Sep 1910,4915,1091,6680
30 Jun 197,3843,0101,6130
31 Mar 197,3052,5541,6240
31 Dec 187,3912,9681,5650
30 Sep 187,839-5678960
30 Jun 187,866-1,9301,0580
31 Mar 187,605-2,6201,4300
31 Dec 177,165-3,3401,7160
30 Sep 176,895-3,4171,9530
30 Jun 174,645-3,8323,0140
31 Mar 174,135-1,9053,0600
31 Dec 164,112-1,7392,0910
30 Sep 163,7725402,5950
30 Jun 166,2262,5362,4390
31 Mar 166,0881,3732,0830
31 Dec 155,9201,6311,9530
30 Sep 156,2289961,8700
30 Jun 155,1685931,9100
31 Mar 155,1228221,7950
31 Dec 144,8219461,7610
30 Sep 144,8361,1601,6290
30 Jun 144,9841,2951,7240
31 Mar 144,7241,0261,5530
31 Dec 134,6168601,5180

Quality Earnings: CORNERST has a high level of non-cash earnings.

Growing Profit Margin: CORNERST's current net profit margins (88.9%) are higher than last year (18.2%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: CORNERST's earnings have grown significantly by 29.6% per year over the past 5 years.

Accelerating Growth: CORNERST's earnings growth over the past year (513.8%) exceeds its 5-year average (29.6% per year).

Earnings vs Industry: CORNERST earnings growth over the past year (513.8%) exceeded the Insurance industry 104%.


Return on Equity

High ROE: CORNERST's Return on Equity (41%) is considered outstanding.


Return on Assets


Return on Capital Employed


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