Custodian Investment
Market Cap
₦38.2b
Last Updated
2020/11/23 16:33 UTC
Data Sources
Company Financials
Executive Summary
Custodian Investment Plc., through its subsidiaries, provides various insurance products and services in Nigeria. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet second-rate dividend payer.
Share Price & News
How has Custodian Investment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CUSTODIAN is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: CUSTODIAN's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-10.0%
CUSTODIAN
-2.4%
NG Insurance
-3.7%
NG Market
1 Year Return
-2.5%
CUSTODIAN
10.2%
NG Insurance
19.3%
NG Market
Return vs Industry: CUSTODIAN underperformed the NG Insurance industry which returned 14.6% over the past year.
Return vs Market: CUSTODIAN underperformed the NG Market which returned 20.6% over the past year.
Shareholder returns
| CUSTODIAN | Industry | Market | |
|---|---|---|---|
| 7 Day | -10.0% | -2.4% | -3.7% |
| 30 Day | 17.0% | 9.1% | 17.2% |
| 90 Day | 19.4% | 12.6% | 33.9% |
| 1 Year | 6.1%-2.5% | 14.4%10.2% | 29.6%19.3% |
| 3 Year | 90.7%50.0% | 4.2%-3.6% | -14.7%-28.6% |
| 5 Year | 102.8%38.6% | 3.9%-8.4% | 24.5%-4.0% |
Long-Term Price Volatility Vs. Market
How volatile is Custodian Investment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Custodian Investment undervalued compared to its fair value and its price relative to the market?
5.47x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CUSTODIAN (NGN5.85) is trading above our estimate of fair value (NGN1.33)
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 (5.5x) compared to the NG Insurance industry average (4.7x).
PE vs Market: CUSTODIAN is good value based on its PE Ratio (5.5x) compared to the NG market (7.7x).
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 (0.7x) compared to the NG Insurance industry average (0.4x).
Next Steps
Future Growth
How is Custodian Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
59.7%
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.
Next Steps
- Examine Custodian Investment's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Insurance industry.
Past Performance
How has Custodian Investment performed over the past 5 years?
9.1%
Historical annual 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: CUSTODIAN's earnings have grown by 9.1% per year 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 (15%).
Return on Equity
High ROE: CUSTODIAN's Return on Equity (13.7%) is considered low.
Next Steps
Financial Health
How is Custodian Investment's financial position?
Financial Position Analysis
Short Term Liabilities: CUSTODIAN's short term assets (NGN88.1B) exceed its short term liabilities (NGN88.0B).
Long Term Liabilities: CUSTODIAN's short term assets (NGN88.1B) 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
Next Steps
Dividend
What is Custodian Investment current dividend yield, its reliability and sustainability?
7.69%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CUSTODIAN's dividend (7.69%) is higher than the bottom 25% of dividend payers in the NG market (3.35%).
High Dividend: CUSTODIAN's dividend (7.69%) is low compared to the top 25% of dividend payers in the NG market (9.52%).
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?
4.4yrs
Average board tenure
CEO
Olu Wole Oshin
5.33yrs
Tenure
Mr. Oluwole B. Oshin, also known as Wole, B.Sc (Hons) MBA ACII FCIIN, founded Custodian Investment Plc (formerly known as Custodian and Allied Plc) in 1994 and has been its Managing Director since 1994 and...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group MD & Director | 5.33yrs | no data | 26.54% NGN 10.1b | |
| COO, MD & Director | no data | no data | no data | |
| Non-Executive Director | 4.08yrs | no data | no data | |
| Non-Executive Chairperson of the Board | 4.42yrs | no data | 0.0014% NGN 520.0k | |
| Non-Executive Director | 9.42yrs | no data | 0.37% NGN 141.1m | |
| Non-Executive Director | 4.42yrs | no data | 0.021% NGN 8.0m | |
| Non-Executive Director | 8.5yrs | no data | no data | |
| Non Executive Director | 0.083yr | no data | no data |
4.4yrs
Average Tenure
Experienced Board: CUSTODIAN's board of directors are considered experienced (4.4 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 company bio, 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: ₦38.232b
- Shares outstanding: 5.88b
- Website: https://www.custodianinsurance.com
Number of Employees
Location
- Custodian Investment Plc
- 16A Commercial Avenue
- Sabo
- Lagos
- Nigeria
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CUSTODIAN | NGSE (Nigerian Stock Exchange) | Yes | Ordinary Shares | NG | NGN | Jun 2007 |
Biography
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, and ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/23 16:33 |
| End of Day Share Price | 2020/11/23 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.