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LINK

Linkage AssuranceNGSE:LINKASSURE Stock Report

Market Cap

₦7.8b

7D

-1.8%

1Y

96.0%

Updated

25 Oct, 2021

Data

Company Financials
LINKASSURE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

LINKASSURE Overview

Linkage Assurance Plc engages in the non-life insurance business in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Linkage Assurance
Historical stock prices
Current Share Price₦0.56
52 Week High₦0.29
52 Week Low₦0.92
Beta0.96
1 Month Change-6.67%
3 Month Change-13.85%
1 Year Change96.00%
3 Year Change48.49%
5 Year Change96.00%
Change since IPO-51.00%

Recent News & Updates

Shareholder Returns

LINKASSURENG InsuranceNG Market
7D-1.8%1.1%0.7%
1Y96.0%33.4%40.9%

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.

Price Volatility

Is LINKASSURE's price volatile compared to industry and market?
LINKASSURE volatility
LINKASSURE Beta0.96
Industry Beta0.69
Market Beta1

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

FoundedEmployeesCEOWebsite
1991180Daniel Braiehttps://www.linkageassurance.com

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

How do Linkage Assurance's earnings and revenue compare to its market cap?
LINKASSURE fundamental statistics
Market Cap₦7.84b
Earnings (TTM)-₦698.52m
Revenue (TTM)₦7.60b

1.0x

P/S Ratio

-11.2x

P/E Ratio

Is LINKASSURE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
LINKASSURE income statement (TTM)
Revenue₦7.60b
Cost of Revenue₦5.21b
Gross Profit₦2.38b
Expenses₦3.08b
Earnings-₦698.52m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.05
Gross Margin31.39%
Net Profit Margin-9.19%
Debt/Equity Ratio0.0%

How did LINKASSURE perform over the long term?

See historical performance and comparison

Valuation

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

0.33x

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).


Future Growth

How is Linkage 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 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.


Past Performance

How has Linkage Assurance performed over the past 5 years?

-8.9%

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.


Financial Health

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.


Balance Sheet


Dividend

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.


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Daniel Braie

3.33yrs

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...


Leadership Team

Experienced Management: LINKASSURE's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: LINKASSURE's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

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


Key Information

  • 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


Location

  • Linkage Assurance Plc
  • Linkage Plaza
  • Plot 20, Block 94
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:39
End of Day Share Price2021/10/25 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.