Mutual Benefits Assurance Plc

NGSE:MBENEFIT Stock Report

Market Cap: ₦11.4b

Mutual Benefits Assurance Past Earnings Performance

Past criteria checks 4/6

Mutual Benefits Assurance has been growing earnings at an average annual rate of 0.2%, while the Insurance industry saw earnings growing at 25.4% annually. Revenues have been growing at an average rate of 17.1% per year. Mutual Benefits Assurance's return on equity is 16.2%, and it has net margins of 12.4%.

Key information

0.2%

Earnings growth rate

-17.4%

EPS growth rate

Insurance Industry Growth25.4%
Revenue growth rate17.1%
Return on equity16.2%
Net Margin12.4%
Last Earnings Update31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Mutual Benefits Assurance makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NGSE:MBENEFIT Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2339,9984,9747,4620
30 Sep 2340,6394,3386,4080
30 Jun 2337,3892,9505,4950
31 Mar 2332,9983,1176,1450
31 Dec 2234,1433,0106,0080
30 Sep 2232,2251,5126,2060
30 Jun 2229,634-496,4850
31 Mar 2228,332-1,8655,8390
31 Dec 2120,986-5,5755,8540
30 Sep 2119,517-8395,7920
30 Jun 2120,2631,5725,7030
31 Mar 2119,8892,1415,5460
31 Dec 2023,2585,1325,5000
30 Sep 2024,0193,4785,2430
30 Jun 2021,6813,3665,3360
31 Mar 2021,2833,6565,5640
31 Dec 1920,6183,6435,7230
30 Sep 1919,2462,9925,1480
30 Jun 1918,3042,2715,0880
31 Mar 1917,7521,5805,3230
31 Dec 1818,1411,1285,1920
30 Sep 1815,9319134,9780
30 Jun 1815,1029494,9360
31 Mar 1814,8919424,8050
31 Dec 1714,7311,0364,9600
30 Sep 1715,474-595,1920
30 Jun 1716,257-9655,1140
31 Mar 1714,565-1,1045,0490
31 Dec 1612,551-1,3514,9420
30 Sep 1612,594-3404,0740
30 Jun 169,611-1,7525,0080
31 Mar 1611,4787754,4580
31 Dec 1510,6718724,4070
30 Sep 1516,9993,1166,1360
30 Jun 1517,1836,5394,8380
31 Mar 1515,0933,9535,6880
31 Dec 1415,0454,2105,4010
31 Dec 138,9505575,7350

Quality Earnings: MBENEFIT has high quality earnings.

Growing Profit Margin: MBENEFIT's current net profit margins (12.4%) are higher than last year (8.8%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: MBENEFIT's earnings have grown by 0.2% per year over the past 5 years.

Accelerating Growth: MBENEFIT's earnings growth over the past year (65.2%) exceeds its 5-year average (0.2% per year).

Earnings vs Industry: MBENEFIT earnings growth over the past year (65.2%) did not outperform the Insurance industry 104%.


Return on Equity

High ROE: MBENEFIT's Return on Equity (16.2%) is considered low.


Return on Assets


Return on Capital Employed


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