NEM Insurance Plc provides general insurance products and services to corporate and individual customers in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦1.93|
|52 Week High||₦1.07|
|52 Week Low||₦2.69|
|1 Month Change||0%|
|3 Month Change||-3.50%|
|1 Year Change||83.35%|
|3 Year Change||24.31%|
|5 Year Change||336.55%|
|Change since IPO||501.15%|
Recent News & Updates
|NEM||NG Insurance||NG Market|
Return vs Industry: NEM exceeded the NG Insurance industry which returned 26.8% over the past year.
Return vs Market: NEM exceeded the NG Market which returned 40.1% over the past year.
Stable Share Price: NEM is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NEM's weekly volatility (5%) has been stable over the past year.
About the Company
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, 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, cash in transit, and agricultural insurance. It is also involved in asset leasing and LPO financing activities.
NEM Insurance Fundamentals Summary
|NEM fundamental statistics|
Is NEM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NEM income statement (TTM)|
|Cost of Revenue||₦10.53b|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||0.51|
|Net Profit Margin||26.47%|
How did NEM perform over the long term?See historical performance and comparison
4.7%Current Dividend Yield
Is NEM Insurance undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NEM (NGN1.93) is trading above our estimate of fair value (NGN1.09)
Significantly Below Fair Value: NEM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NEM is good value based on its PE Ratio (3.8x) compared to the NG Insurance industry average (5.1x).
PE vs Market: NEM is good value based on its PE Ratio (3.8x) compared to the NG market (7.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NEM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NEM is overvalued based on its PB Ratio (1.1x) compared to the NG Insurance industry average (0.5x).
How is NEM Insurance 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 NEM 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.
How has NEM Insurance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NEM has high quality earnings.
Growing Profit Margin: NEM's current net profit margins (26.5%) are higher than last year (16.1%).
Past Earnings Growth Analysis
Earnings Trend: NEM's earnings have grown significantly by 26.4% per year over the past 5 years.
Accelerating Growth: NEM's earnings growth over the past year (111.6%) exceeds its 5-year average (26.4% per year).
Earnings vs Industry: NEM earnings growth over the past year (111.6%) exceeded the Insurance industry 3.1%.
Return on Equity
High ROE: NEM's Return on Equity (27.7%) is considered high.
How is NEM Insurance's financial position?
Financial Position Analysis
Short Term Liabilities: NEM's short term assets (NGN10.1B) do not cover its short term liabilities (NGN12.8B).
Long Term Liabilities: NEM's short term assets (NGN10.1B) exceed its long term liabilities (NGN79.0M).
Debt to Equity History and Analysis
Debt Level: NEM is debt free.
Reducing Debt: NEM had no debt 5 years ago.
Debt Coverage: NEM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NEM has no debt, therefore coverage of interest payments is not a concern.
What is NEM Insurance current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NEM's dividend (4.66%) is higher than the bottom 25% of dividend payers in the NG market (3.3%).
High Dividend: NEM's dividend (4.66%) is low compared to the top 25% of dividend payers in the NG market (7.31%).
Stability and Growth of Payments
Stable Dividend: NEM's dividend payments have been volatile in the past 10 years.
Growing Dividend: NEM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.8%), NEM'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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Tope Smart, B.Sc (HONS), ACII, MBA, is Group Managing Director,Chief Executive Officer and Director at NEM Insurance Plc. He is a seasoned Underwriter and Marketer, he started his Insurance Career with...
Experienced Management: NEM's management team is seasoned and experienced (7.8 years average tenure).
Experienced Board: NEM's board of directors are considered experienced (4.8 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 not been meaningfully diluted in the past year.
NEM Insurance Plc's employee growth, exchange listings and data sources
- Name: NEM Insurance Plc
- Ticker: NEM
- Exchange: NGSE
- Founded: 1948
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: ₦19.364b
- Shares outstanding: 10.03b
- Website: https://www.nem-insurance.com
Number of Employees
- NEM Insurance Plc
- NEM House
- 199, Ikorodu Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 15:21|
|End of Day Share Price||2021/10/15 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.