Linkage Assurance Plc engages in the non-life insurance business in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.56|
|52 Week High||₦0.29|
|52 Week Low||₦0.92|
|1 Month Change||-6.67%|
|3 Month Change||-13.85%|
|1 Year Change||96.00%|
|3 Year Change||48.49%|
|5 Year Change||96.00%|
|Change since IPO||-51.00%|
Recent News & Updates
|LINKASSURE||NG Insurance||NG Market|
Return vs Industry: LINKASSURE exceeded the NG Insurance industry which returned 33.4% over the past year.
Return vs Market: LINKASSURE exceeded the NG Market which returned 40.9% over the past year.
Stable Share Price: LINKASSURE is more volatile than 75% of NG stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: LINKASSURE's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
Linkage Assurance Plc engages in the non-life insurance business in Nigeria. The company offers automobile insurance; property insurance, including fire and allied peril, theft and burglary, house owner and householder comprehensive, industrial all risk, and various risk insurance products; group personal, fidelity guarantee, and money insurance products; liability group insurance; and builders’ liability, occupier’s liability, healthcare professional indemnity, and travel insurance products. It also provides marine cargo and hull, aviation, and agriculture insurance products, as well as insurance related to oil and gas; and contractors’ all risks, erection all risks, plant all risks, machinery breakdown, electronics and telco equipment, construction turnkey project, and boiler and pressure vessel insurance products.
Linkage Assurance Fundamentals Summary
|LINKASSURE fundamental statistics|
Is LINKASSURE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LINKASSURE income statement (TTM)|
|Cost of Revenue||₦5.21b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.05|
|Net Profit Margin||-9.19%|
How did LINKASSURE perform over the long term?See historical performance and comparison
Is Linkage Assurance undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate LINKASSURE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate LINKASSURE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: LINKASSURE is unprofitable, so we can't compare its PE Ratio to the NG Insurance industry average.
PE vs Market: LINKASSURE is unprofitable, so we can't compare its PE Ratio to the NG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LINKASSURE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LINKASSURE is good value based on its PB Ratio (0.3x) compared to the NG Insurance industry average (0.4x).
How is Linkage 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 Linkage 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 Linkage Assurance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LINKASSURE is currently unprofitable.
Growing Profit Margin: LINKASSURE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LINKASSURE is unprofitable, and losses have increased over the past 5 years at a rate of 8.9% per year.
Accelerating Growth: Unable to compare LINKASSURE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LINKASSURE is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (3.1%).
Return on Equity
High ROE: LINKASSURE has a negative Return on Equity (-2.94%), as it is currently unprofitable.
How is Linkage Assurance's financial position?
Financial Position Analysis
Short Term Liabilities: LINKASSURE's short term assets (NGN18.1B) exceed its short term liabilities (NGN11.9B).
Long Term Liabilities: LINKASSURE's short term assets (NGN18.1B) exceed its long term liabilities (NGN81.6M).
Debt to Equity History and Analysis
Debt Level: LINKASSURE is debt free.
Reducing Debt: LINKASSURE has not had any debt for past 5 years.
Debt Coverage: LINKASSURE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LINKASSURE has no debt, therefore coverage of interest payments is not a concern.
What is Linkage Assurance current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LINKASSURE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LINKASSURE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LINKASSURE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LINKASSURE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: LINKASSURE is not paying a notable dividend for the NG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LINKASSURE's dividend in 3 years as they are not forecast to pay a notable one for the NG market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Daniel Braie, Dip Ins WAII, MBA, ACII, ACIIN, serves as Managing Director, Chief Executive Officer at Linkage Assurance Plc and serves as its Director since December 28, 2018. He was an Acting Managing...
Experienced Management: LINKASSURE's management team is considered experienced (3.1 years average tenure).
Experienced Board: LINKASSURE's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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.
Linkage Assurance Plc's employee growth, exchange listings and data sources
- Name: Linkage Assurance Plc
- Ticker: LINKASSURE
- Exchange: NGSE
- Founded: 1991
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: ₦7.840b
- Shares outstanding: 14.00b
- Website: https://www.linkageassurance.com
Number of Employees
- Linkage Assurance Plc
- Linkage Plaza
- Plot 20, Block 94
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 21:39|
|End of Day Share Price||2021/10/25 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.