Mutual Benefits Assurance Plc, together with its subsidiaries, primarily underwrites general and life insurance products in Nigeria and Liberia.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.30|
|52 Week High||₦0.20|
|52 Week Low||₦0.60|
|1 Month Change||0%|
|3 Month Change||-21.05%|
|1 Year Change||50.00%|
|3 Year Change||7.14%|
|5 Year Change||-40.00%|
|Change since IPO||-55.62%|
Recent News & Updates
|MBENEFIT||NG Insurance||NG Market|
Return vs Industry: MBENEFIT exceeded the NG Insurance industry which returned 33.4% over the past year.
Return vs Market: MBENEFIT exceeded the NG Market which returned 40.9% over the past year.
Stable Share Price: MBENEFIT is more volatile than 90% of NG stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: MBENEFIT's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
Mutual Benefits Assurance Plc, together with its subsidiaries, primarily underwrites general and life insurance products in Nigeria and Liberia. The company operates through three segments: Assurance Business, Real Estate, and Microfinance Banking. Its general insurance products include property insurance, fire and special perils, burglary/housebreaking, householder, house-owner, marine cargo, marine hull, motor, goods-in-transit, all risk insurance, engineering, industrial all risks, liability/bond insurance, money, professional indemnity, fidelity guarantee, and public liability/product liability.
Mutual Benefits Assurance Fundamentals Summary
|MBENEFIT fundamental statistics|
Is MBENEFIT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MBENEFIT income statement (TTM)|
|Cost of Revenue||₦15.07b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.078|
|Net Profit Margin||7.87%|
How did MBENEFIT perform over the long term?See historical performance and comparison
Is Mutual Benefits Assurance undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MBENEFIT (NGN0.3) is trading below our estimate of fair value (NGN0.37)
Significantly Below Fair Value: MBENEFIT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MBENEFIT is good value based on its PE Ratio (3.8x) compared to the NG Insurance industry average (5.1x).
PE vs Market: MBENEFIT is good value based on its PE Ratio (3.8x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MBENEFIT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MBENEFIT is good value based on its PB Ratio (0.3x) compared to the NG Insurance industry average (0.4x).
How is Mutual Benefits 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 Mutual Benefits 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 Mutual Benefits Assurance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MBENEFIT has a large one-off gain of NGN1.8B impacting its June 30 2021 financial results.
Growing Profit Margin: MBENEFIT's current net profit margins (7.9%) are lower than last year (15.5%).
Past Earnings Growth Analysis
Earnings Trend: MBENEFIT has become profitable over the past 5 years, growing earnings by 55.1% per year.
Accelerating Growth: MBENEFIT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MBENEFIT had negative earnings growth (-53.3%) over the past year, making it difficult to compare to the Insurance industry average (3.1%).
Return on Equity
High ROE: MBENEFIT's Return on Equity (6.6%) is considered low.
How is Mutual Benefits Assurance's financial position?
Financial Position Analysis
Short Term Liabilities: MBENEFIT's short term assets (NGN38.5B) exceed its short term liabilities (NGN32.3B).
Long Term Liabilities: MBENEFIT's short term assets (NGN38.5B) exceed its long term liabilities (NGN23.7B).
Debt to Equity History and Analysis
Debt Level: MBENEFIT's debt to equity ratio (16.9%) is considered satisfactory.
Reducing Debt: MBENEFIT's debt to equity ratio has reduced from 55.2% to 16.9% over the past 5 years.
Debt Coverage: MBENEFIT's debt is well covered by operating cash flow (56.8%).
Interest Coverage: Insufficient data to determine if MBENEFIT's interest payments on its debt are well covered by EBIT.
What is Mutual Benefits Assurance current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MBENEFIT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MBENEFIT'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 MBENEFIT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MBENEFIT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MBENEFIT is not paying a notable dividend for the NG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MBENEFIT'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 board tenure
Mr. Olufemi Asenuga, also known as Femi, B.SC, M.SC, ACII, has been Managing Director and Chief Executive Officer at Mutual Benefits Assurance Plc since December 23, 2019. He serves as Managing Director an...
Experienced Board: MBENEFIT's board of directors are considered experienced (5.5 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 been substantially diluted in the past year, with total shares outstanding growing by 79.6%.
Mutual Benefits Assurance Plc's employee growth, exchange listings and data sources
- Name: Mutual Benefits Assurance Plc
- Ticker: MBENEFIT
- Exchange: NGSE
- Founded: 1995
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: ₦5.617b
- Shares outstanding: 20.06b
- Website: https://www.mutualng.com
Number of Employees
- Mutual Benefits Assurance Plc
- Aret Adams House
- 233 Ikorodu Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 16:47|
|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.