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 | 5/6 |
My Notes
Capture your thoughts, links and company narrative
NEM Insurance Plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦11.00 |
| 52 Week High | ₦11.75 |
| 52 Week Low | ₦5.50 |
| Beta | 0.53 |
| 1 Month Change | 31.74% |
| 3 Month Change | 43.79% |
| 1 Year Change | 91.30% |
| 3 Year Change | 127.27% |
| 5 Year Change | 331.82% |
| Change since IPO | 1,613.12% |
Recent News & Updates
Recent updates
Shareholder Returns
| NEM | NG Insurance | NG Market | |
|---|---|---|---|
| 7D | 4.8% | 14.6% | 1.9% |
| 1Y | 91.3% | 109.6% | 53.2% |
Return vs Industry: NEM underperformed the NG Insurance industry which returned 107% over the past year.
Return vs Market: NEM exceeded the NG Market which returned 52.7% over the past year.
Price Volatility
| NEM volatility | |
|---|---|
| NEM Average Weekly Movement | 7.1% |
| Insurance Industry Average Movement | 7.3% |
| Market Average Movement | 6.1% |
| 10% most volatile stocks in NG Market | 8.8% |
| 10% least volatile stocks in NG Market | 3.1% |
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 (7%) 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 | ₦55.18b |
| Earnings (TTM) | ₦26.85b |
| Revenue (TTM) | ₦62.13b |
2.1x
P/E Ratio0.9x
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 comparisonDividends
5.5%
Current Dividend Yield11%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 06:18 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
NEM Insurance Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|