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LASA

LASACO AssuranceNGSE:LASACO Stock Report

Market Cap

₦2.2b

7D

-3.2%

1Y

15.4%

Updated

20 Oct, 2021

Data

Company Financials
LASACO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends3/6

LASACO Overview

LASACO Assurance Plc provides various insurance products and services in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for LASACO Assurance
Historical stock prices
Current Share Price₦1.20
52 Week High₦1.04
52 Week Low₦2.52
Beta0.29
1 Month Change0%
3 Month Change-25.00%
1 Year Change15.38%
3 Year Change7.14%
5 Year Change-40.00%
Change since IPO96.79%

Recent News & Updates

Shareholder Returns

LASACONG InsuranceNG Market
7D-3.2%2.7%0.6%
1Y15.4%32.2%38.8%

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.

Price Volatility

Is LASACO's price volatile compared to industry and market?
LASACO volatility
LASACO Beta0.29
Industry Beta0.70
Market Beta1

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

FoundedEmployeesCEOWebsite
1979157Abiodun Razzaqhttps://www.lasacoassurance.com

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

How do LASACO Assurance's earnings and revenue compare to its market cap?
LASACO fundamental statistics
Market Cap₦2.20b
Earnings (TTM)₦341.51m
Revenue (TTM)₦9.98b

6.4x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LASACO income statement (TTM)
Revenue₦9.98b
Cost of Revenue₦6.12b
Gross Profit₦3.86b
Expenses₦3.52b
Earnings₦341.51m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.19
Gross Margin38.72%
Net Profit Margin3.42%
Debt/Equity Ratio0.0%

How did LASACO perform over the long term?

See historical performance and comparison

Dividends

8.3%

Current Dividend Yield

55%

Payout Ratio

Valuation

Is LASACO Assurance undervalued compared to its fair value and its price relative to the market?

6.44x

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).


Future Growth

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

27.0%

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.


Past Performance

How has LASACO Assurance performed over the past 5 years?

-8.8%

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.


Financial Health

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.


Balance Sheet


Dividend

What is LASACO Assurance current dividend yield, its reliability and sustainability?

8.33%

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average management tenure


CEO

Abiodun Razzaq

0.17

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...


Leadership Team

Experienced Management: LASACO's management team is seasoned and experienced (5.4 years average tenure).


Board Members

Experienced Board: LASACO's board of directors are considered experienced (3.1 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

LASACO Assurance Plc's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • LASACO Assurance Plc
  • LASACO House
  • Plot 16 Acme Road
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:36
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.