LASACO Assurance Plc provides various insurance products and services in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦1.20|
|52 Week High||₦1.04|
|52 Week Low||₦2.52|
|1 Month Change||0%|
|3 Month Change||-25.00%|
|1 Year Change||15.38%|
|3 Year Change||7.14%|
|5 Year Change||-40.00%|
|Change since IPO||96.79%|
Recent News & Updates
|LASACO||NG Insurance||NG Market|
Return vs Industry: LASACO underperformed the NG Insurance industry which returned 32.2% over the past year.
Return vs Market: LASACO underperformed the NG Market which returned 38.8% over the past year.
Stable Share Price: LASACO is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: LASACO's weekly volatility (6%) has been stable over the past year.
About the Company
LASACO Assurance Plc provides various insurance products and services in Nigeria. The company offers anticipated plan, mortgage protection, bond, education, fire special peril, and householders insurance; and business interruption, burglary, contractors all risk, marine hull, machinery breakdown, professional indemnity, and builders liability insurance. It also provides fidelity guarantee, electronic equipment, employers liability, money, erection and plants all risk, goods in transit, public liability, marine cargo, investment linked, motor, occupier’s liability, and personal accident insurance products, as well as investment plans and term assurance products.
LASACO Assurance Fundamentals Summary
|LASACO fundamental statistics|
Is LASACO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LASACO income statement (TTM)|
|Cost of Revenue||₦6.12b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.19|
|Net Profit Margin||3.42%|
How did LASACO perform over the long term?See historical performance and comparison
8.3%Current Dividend Yield
Is LASACO Assurance undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate LASACO's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate LASACO's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: LASACO is poor value based on its PE Ratio (6.4x) compared to the NG Insurance industry average (4.9x).
PE vs Market: LASACO is good value based on its PE Ratio (6.4x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LASACO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LASACO is good value based on its PB Ratio (0.2x) compared to the NG Insurance industry average (0.4x).
How is LASACO Assurance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 LASACO Assurance 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.
How has LASACO Assurance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LASACO has high quality earnings.
Growing Profit Margin: LASACO's current net profit margins (3.4%) are lower than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: LASACO's earnings have declined by 8.8% per year over the past 5 years.
Accelerating Growth: LASACO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LASACO had negative earnings growth (-16.3%) over the past year, making it difficult to compare to the Insurance industry average (3.1%).
Return on Equity
High ROE: LASACO's Return on Equity (3%) is considered low.
How is LASACO Assurance's financial position?
Financial Position Analysis
Short Term Liabilities: LASACO's short term assets (NGN15.7B) exceed its short term liabilities (NGN6.2B).
Long Term Liabilities: LASACO's short term assets (NGN15.7B) exceed its long term liabilities (NGN8.9B).
Debt to Equity History and Analysis
Debt Level: LASACO is debt free.
Reducing Debt: LASACO has not had any debt for past 5 years.
Debt Coverage: LASACO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LASACO has no debt, therefore coverage of interest payments is not a concern.
What is LASACO Assurance current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LASACO's dividend (8.33%) is higher than the bottom 25% of dividend payers in the NG market (3.25%).
High Dividend: LASACO's dividend (8.33%) is in the top 25% of dividend payers in the NG market (7.24%)
Stability and Growth of Payments
Stable Dividend: LASACO has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: LASACO has only been paying a dividend for 5 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.9%), LASACO'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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Razzaq Abiodun is the Managing Director and Chief Executive Officer of LASACO Assurance Plc since August 27, 2021 and serves as its Director since September 2018 and served as its Executive Director (T...
Experienced Management: LASACO's management team is seasoned and experienced (5.4 years average tenure).
Experienced Board: LASACO's board of directors are considered experienced (3.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
LASACO Assurance Plc's employee growth, exchange listings and data sources
- Name: LASACO Assurance Plc
- Ticker: LASACO
- Exchange: NGSE
- Founded: 1979
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: ₦2.200b
- Shares outstanding: 1.83b
- Website: https://www.lasacoassurance.com
Number of Employees
- LASACO Assurance Plc
- LASACO House
- Plot 16 Acme Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 15:36|
|End of Day Share Price||2021/10/20 00:00|
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.