NEM Stock Overview
Provides general insurance products and services to corporate and individual customers in Nigeria. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 6/6 |
NEM Insurance Plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦8.35 |
| 52 Week High | ₦10.60 |
| 52 Week Low | ₦5.35 |
| Beta | 0.58 |
| 11 Month Change | 3.09% |
| 3 Month Change | 4.38% |
| 1 Year Change | 39.17% |
| 33 Year Change | 119.74% |
| 5 Year Change | 296.63% |
| Change since IPO | 1,200.41% |
Recent News & Updates
Recent updates
Shareholder Returns
| NEM | NG Insurance | NG Market | |
|---|---|---|---|
| 7D | 4.4% | 4.6% | -0.04% |
| 1Y | 39.2% | 56.5% | 52.7% |
Return vs Industry: NEM underperformed the NG Insurance industry which returned 56.5% over the past year.
Return vs Market: NEM underperformed the NG Market which returned 52.7% over the past year.
Price Volatility
| NEM volatility | |
|---|---|
| NEM Average Weekly Movement | 5.7% |
| Insurance Industry Average Movement | 8.5% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in NG Market | 9.4% |
| 10% least volatile stocks in NG Market | 3.0% |
Stable Share Price: NEM has not had significant price volatility in the past 3 months compared to the NG market.
Volatility Over Time: NEM's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1948 | 219 | Andrew Ikekhua | www.nem-insurance.com |
NEM Insurance Plc provides general insurance products and services to corporate and individual customers in Nigeria. It offers corporate insurance products, such as motor, marine cargo and hull, aviation, oil and gas, engineering, computer and electronics, fidelity guarantee, and group personal accident insurance; personal insurance products, including goods in transit, fire and special perils, travel, motor, home protection, professional indemnity, and enhanced motor third party insurance; and SME products comprising burglary, product liability, fidelity guarantee, motor insurance, cash in transit, group personal accident, and agricultural insurance products. In addition, it is involved in asset leasing and LPO financing activities.
NEM Insurance Plc Fundamentals Summary
| NEM fundamental statistics | |
|---|---|
| Market cap | ₦41.89b |
| Earnings (TTM) | ₦26.85b |
| Revenue (TTM) | ₦62.13b |
1.6x
P/E Ratio0.7x
P/S RatioIs NEM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NEM income statement (TTM) | |
|---|---|
| Revenue | ₦62.13b |
| Cost of Revenue | ₦39.66b |
| Gross Profit | ₦22.48b |
| Other Expenses | -₦4.38b |
| Earnings | ₦26.85b |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.35 |
| Gross Margin | 36.17% |
| Net Profit Margin | 43.22% |
| Debt/Equity Ratio | 0% |
How did NEM perform over the long term?
See historical performance and comparison