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MANS

AXA Mansard InsuranceNGSE:MANSARD Stock Report

Market Cap

₦20.5b

7D

0%

1Y

7.7%

Updated

19 Oct, 2021

Data

Company Financials
MANSARD fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends4/6

MANSARD Overview

AXA Mansard Insurance Plc, together with its subsidiaries, provides life and general business risk management solutions and financial services to corporate and retail customers in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for AXA Mansard Insurance
Historical stock prices
Current Share Price₦2.30
52 Week High₦2.13
52 Week Low₦7.40
Beta0.68
1 Month Change-30.72%
3 Month Change-35.39%
1 Year Change7.73%
3 Year Change-0.43%
5 Year Change2.15%
Change since IPO-23.29%

Recent News & Updates

Shareholder Returns

MANSARDNG InsuranceNG Market
7D0%2.7%0.6%
1Y7.7%32.2%38.8%

Return vs Industry: MANSARD underperformed the NG Insurance industry which returned 31.2% over the past year.

Return vs Market: MANSARD underperformed the NG Market which returned 38.9% over the past year.

Price Volatility

Is MANSARD's price volatile compared to industry and market?
MANSARD volatility
MANSARD Beta0.68
Industry Beta0.70
Market Beta1

Stable Share Price: MANSARD is more volatile than 75% of NG stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MANSARD's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of NG stocks.

About the Company

FoundedEmployeesCEOWebsite
1989294Kunle Ahmedhttps://www.axamansard.com

AXA Mansard Insurance Plc, together with its subsidiaries, provides life and general business risk management solutions and financial services to corporate and retail customers in Nigeria. The company offers life savings, instant plans, and education plans, as well as other life and savings products; motor insurance products; travel insurance products, such as general business/tourism, student protection, and pilgrimage protection; and health insurance products. It also provides fire and engineering insurance products comprising agriculture, boiler and pressure plant, fire and burglary, contractors all risks, electronic equipment, erection all risks, fire and special perils, householders, industrial all risks, machinery all risks and breakdown, material damage, and terrorism insurance products; and aviation and energy insurance products, such as hull all risk, spares all risks, liability, and energy package insurance products.

AXA Mansard Insurance Fundamentals Summary

How do AXA Mansard Insurance's earnings and revenue compare to its market cap?
MANSARD fundamental statistics
Market Cap₦20.51b
Earnings (TTM)₦3.56b
Revenue (TTM)₦41.92b

5.8x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MANSARD income statement (TTM)
Revenue₦41.92b
Cost of Revenue₦25.27b
Gross Profit₦16.65b
Expenses₦13.09b
Earnings₦3.56b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.40
Gross Margin39.72%
Net Profit Margin8.49%
Debt/Equity Ratio7.6%

How did MANSARD perform over the long term?

See historical performance and comparison

Dividends

9.6%

Current Dividend Yield

36%

Payout Ratio

Valuation

Is AXA Mansard Insurance undervalued compared to its fair value and its price relative to the market?

5.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MANSARD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MANSARD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MANSARD is poor value based on its PE Ratio (5.8x) compared to the NG Insurance industry average (4.9x).

PE vs Market: MANSARD is good value based on its PE Ratio (5.8x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MANSARD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MANSARD is overvalued based on its PB Ratio (0.6x) compared to the NG Insurance industry average (0.4x).


Future Growth

How is AXA Mansard Insurance 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 AXA Mansard Insurance 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 AXA Mansard Insurance performed over the past 5 years?

25.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MANSARD has a high level of non-cash earnings.

Growing Profit Margin: MANSARD's current net profit margins (8.5%) are lower than last year (11.9%).


Past Earnings Growth Analysis

Earnings Trend: MANSARD's earnings have grown significantly by 25.5% per year over the past 5 years.

Accelerating Growth: MANSARD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MANSARD had negative earnings growth (-22.9%) over the past year, making it difficult to compare to the Insurance industry average (3.1%).


Return on Equity

High ROE: MANSARD's Return on Equity (7.9%) is considered low.


Financial Health

How is AXA Mansard Insurance's financial position?


Financial Position Analysis

Short Term Liabilities: MANSARD's short term assets (NGN42.1B) do not cover its short term liabilities (NGN46.0B).

Long Term Liabilities: MANSARD's short term assets (NGN42.1B) exceed its long term liabilities (NGN19.4B).


Debt to Equity History and Analysis

Debt Level: MANSARD's debt to equity ratio (7.6%) is considered satisfactory.

Reducing Debt: MANSARD's debt to equity ratio has reduced from 22.3% to 7.6% over the past 5 years.

Debt Coverage: MANSARD's debt is well covered by operating cash flow (20%).

Interest Coverage: MANSARD's interest payments on its debt are well covered by EBIT (11.9x coverage).


Balance Sheet


Dividend

What is AXA Mansard Insurance current dividend yield, its reliability and sustainability?

9.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MANSARD's dividend (9.57%) is higher than the bottom 25% of dividend payers in the NG market (3.25%).

High Dividend: MANSARD's dividend (9.57%) is in the top 25% of dividend payers in the NG market (7.24%)


Stability and Growth of Payments

Stable Dividend: MANSARD's dividend payments have been volatile in the past 10 years.

Growing Dividend: MANSARD's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.1%), MANSARD's dividend payments are well 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?

3.8yrs

Average management tenure


CEO

Kunle Ahmed

4.42yrs

Tenure

Mr. Adekunle Ahmed has been the Chief Executive Officer of AXA Mansard Insurance Plc since May 19, 2017 and has been its Director since February 15, 2012. He serves as the Managing Director at AXA Mansard...


Leadership Team

Experienced Management: MANSARD's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: MANSARD's board of directors are not considered experienced ( 1.7 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

AXA Mansard Insurance Plc's employee growth, exchange listings and data sources


Key Information

  • Name: AXA Mansard Insurance Plc
  • Ticker: MANSARD
  • Exchange: NGSE
  • Founded: 1989
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: ₦20.513b
  • Shares outstanding: 8.92b
  • Website: https://www.axamansard.com

Number of Employees


Location

  • AXA Mansard Insurance Plc
  • Santa Clara Court
  • Plot 1412
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 15:21
End of Day Share Price2021/10/18 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.