company background image
CUST

Custodian InvestmentNGSE:CUSTODIAN Stock Report

Market Cap

₦45.6b

7D

0%

1Y

32.5%

Updated

26 Nov, 2021

Data

Company Financials
CUSTODIAN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends3/6

CUSTODIAN Stock Overview

Custodian Investment Plc., through its subsidiaries, provides various insurance products and services in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Custodian Investment
Historical stock prices
Current Share Price₦7.75
52 Week High₦8.45
52 Week Low₦5.75
Beta-0.076
1 Month Change0.65%
3 Month Change22.05%
1 Year Change32.48%
3 Year Change58.16%
5 Year Change109.46%
Change since IPO303.65%

Recent News & Updates

Shareholder Returns

CUSTODIANNG InsuranceNG Market
7D0%2.0%-0.3%
1Y32.5%21.8%17.5%

Return vs Industry: CUSTODIAN exceeded the NG Insurance industry which returned 21.8% over the past year.

Return vs Market: CUSTODIAN exceeded the NG Market which returned 17.5% over the past year.

Price Volatility

Is CUSTODIAN's price volatile compared to industry and market?
CUSTODIAN volatility
CUSTODIAN Average Weekly Movement5.4%
Insurance Industry Average Movement7.4%
Market Average Movement4.5%
10% most volatile stocks in NG Market8.1%
10% least volatile stocks in NG Market2.6%

Stable Share Price: CUSTODIAN is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CUSTODIAN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991362Wole Oshinhttps://custodianplc.com.ng

Custodian Investment Plc., through its subsidiaries, provides various insurance products and services in Nigeria. The company operates through Non-life Business, Life Business, Pension Administration, Property Development and Management, and Trustees and Others segments. The Non-life Business segment offers insurance products for engineering, aviation, marine and motor liability, oil and energy, and fire and property business to individuals and corporate customers.

Custodian Investment Fundamentals Summary

How do Custodian Investment's earnings and revenue compare to its market cap?
CUSTODIAN fundamental statistics
Market Cap₦45.58b
Earnings (TTM)₦6.29b
Revenue (TTM)₦63.66b

7.2x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CUSTODIAN income statement (TTM)
Revenue₦63.66b
Cost of Revenue₦50.82b
Gross Profit₦12.83b
Expenses₦6.54b
Earnings₦6.29b

Last Reported Earnings

Sep 30, 2020

Next Earnings Date

n/a

Earnings per share (EPS)1.07
Gross Margin20.16%
Net Profit Margin9.88%
Debt/Equity Ratio0.0%

How did CUSTODIAN perform over the long term?

See historical performance and comparison

Dividends

7.1%

Current Dividend Yield

51%

Payout Ratio

Valuation

Is Custodian Investment undervalued compared to its fair value and its price relative to the market?

7.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CUSTODIAN (NGN7.75) is trading above our estimate of fair value (NGN3.2)

Significantly Below Fair Value: CUSTODIAN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CUSTODIAN is poor value based on its PE Ratio (7.2x) compared to the NG Insurance industry average (4.8x).

PE vs Market: CUSTODIAN's PE Ratio (7.2x) is in line with the NG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CUSTODIAN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CUSTODIAN is overvalued based on its PB Ratio (1x) compared to the NG Insurance industry average (0.5x).


Future Growth

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

25.9%

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 Custodian Investment 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 Custodian Investment performed over the past 5 years?

-11.9%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: CUSTODIAN has high quality earnings.

Growing Profit Margin: CUSTODIAN's current net profit margins (9.9%) are lower than last year (16.2%).


Past Earnings Growth Analysis

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

Accelerating Growth: CUSTODIAN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CUSTODIAN had negative earnings growth (-11.9%) over the past year, making it difficult to compare to the Insurance industry average (23%).


Return on Equity

High ROE: CUSTODIAN's Return on Equity (13.7%) is considered low.


Financial Health

How is Custodian Investment's financial position?


Financial Position Analysis

Short Term Liabilities: CUSTODIAN's short term assets (NGN87.2B) do not cover its short term liabilities (NGN88.0B).

Long Term Liabilities: CUSTODIAN's short term assets (NGN87.2B) exceed its long term liabilities (NGN13.9B).


Debt to Equity History and Analysis

Debt Level: CUSTODIAN is debt free.

Reducing Debt: CUSTODIAN has no debt compared to 5 years ago when its debt to equity ratio was 9.5%.

Debt Coverage: CUSTODIAN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CUSTODIAN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Custodian Investment current dividend yield, its reliability and sustainability?

7.10%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CUSTODIAN's dividend (7.1%) is higher than the bottom 25% of dividend payers in the NG market (3.09%).

High Dividend: CUSTODIAN's dividend (7.1%) is low compared to the top 25% of dividend payers in the NG market (7.25%).


Stability and Growth of Payments

Stable Dividend: CUSTODIAN's dividend payments have been volatile in the past 10 years.

Growing Dividend: CUSTODIAN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.4%), CUSTODIAN's dividend payments are 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?

5.4yrs

Average board tenure


CEO

Wole Oshin

6.33yrs

Tenure

Mr. Oluwole B. Oshin, also known as Wole, B.Sc. (Hons) MBA ACII FCIIN, serves as Chairman of the Board at UACN Property Development Company Plc. He founded Custodian Investment Plc (formerly known as Custo...


Board Members

Experienced Board: CUSTODIAN's board of directors are considered experienced (5.4 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

Custodian Investment Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Custodian Investment Plc
  • Ticker: CUSTODIAN
  • Exchange: NGSE
  • Founded: 1991
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: ₦45.584b
  • Shares outstanding: 5.88b
  • Website: https://custodianplc.com.ng

Number of Employees


Location

  • Custodian Investment Plc
  • 16A Commercial Avenue
  • Sabo
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 21:26
End of Day Share Price2021/11/26 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.