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NIGE

Niger InsuranceNGSE:NIGERINS Stock Report

Market Cap

₦1.5b

7D

0%

1Y

0%

Updated

18 Oct, 2021

Data

Company Financials
NIGERINS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

NIGERINS Overview

Niger Insurance Plc underwrites life and general insurance products in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Niger Insurance
Historical stock prices
Current Share Price₦0.20
52 Week High₦0.20
52 Week Low₦0.36
Beta0
1 Month Change0%
3 Month Change0%
1 Year Change0%
3 Year Change-28.57%
5 Year Change-60.00%
Change since IPO-84.83%

Recent News & Updates

Shareholder Returns

NIGERINSNG InsuranceNG Market
7D0%3.4%1.1%
1Y0%31.2%38.9%

Return vs Industry: NIGERINS underperformed the NG Insurance industry which returned 26.9% over the past year.

Return vs Market: NIGERINS underperformed the NG Market which returned 40% over the past year.

Price Volatility

Is NIGERINS's price volatile compared to industry and market?
NIGERINS volatility
NIGERINS Beta0
Industry Beta0.70
Market Beta1

Stable Share Price: NIGERINS is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: NIGERINS's weekly volatility has decreased from 5% to 0% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1962269Edwin Igbitihttps://nigerinsurance.com

Niger Insurance Plc underwrites life and general insurance products in Nigeria. Its life insurance products include educational endowment, endowment, group life, mortgage protection, and term assurances; and Niger cash, Niger flexible investment assurance, Niger mutual halal, and personal pension and savings products. The company’s non-life insurance products comprise general insurance that includes all risk, aviation hull and liability, boat travelers, boiler and pressure vessel, burglary and house breaking, consequential loss, contractor all risk, employers liability, fidelity guarantee, fire and special perils, goods-in-transit, householder comprehensive, machinery breakdown, marine cargo, marine hull, money, motor, oil and gas, overseas traveler, plant all risk, product liability, professional indemnity, and public liability insurance policies; and advance payment, counter bid, counter indemnity, custom agent, performance, retention, tender/bid, and security bond policies.

Niger Insurance Fundamentals Summary

How do Niger Insurance's earnings and revenue compare to its market cap?
NIGERINS fundamental statistics
Market Cap₦1.55b
Earnings (TTM)-₦5.15b
Revenue (TTM)₦1.06b

0x

P/S Ratio

0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NIGERINS income statement (TTM)
Revenue₦1.06b
Cost of Revenue₦2.64b
Gross Profit-₦1.58b
Expenses₦3.57b
Earnings-₦5.15b

Last Reported Earnings

Dec 31, 2019

Next Earnings Date

n/a

Earnings per share (EPS)0
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did NIGERINS perform over the long term?

See historical performance and comparison

Valuation

Is Niger Insurance undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Niger Insurance is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Niger Insurance has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Future Growth

How is Niger Insurance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.0%

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 Niger 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.


Past Performance

How has Niger Insurance performed over the past 5 years?

25.5%

Historical Insurance annual earnings growth


Earnings and Revenue History

Quality Earnings: Insufficient data to determine if NIGERINS has high quality earnings.

Growing Profit Margin: Insufficient data to determine if NIGERINS's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NIGERINS's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare NIGERINS's past year earnings growth to its 5-year average.

Earnings vs Industry: Insufficient data to determine if NIGERINS's earnings growth over the past year exceeded the Insurance industry average.


Return on Equity

High ROE: NIGERINS has a negative Return on Equity (0%), as it is currently unprofitable.


Financial Health

How is Niger Insurance's financial position?


Financial Position Analysis

Short Term Liabilities: Insufficient data to determine if NIGERINS's short term assets cover its short term liabilities.

Long Term Liabilities: Insufficient data to determine if NIGERINS's short term assets cover its long term liabilities.


Debt to Equity History and Analysis

Debt Level: Insufficient data to calculate NIGERINS's debt to equity ratio to determine if it is satisfactory.

Reducing Debt: Insufficient data to determine if NIGERINS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: Insufficient data to determine if NIGERINS's debt is well covered by operating cash flow.

Interest Coverage: Insufficient data to determine if NIGERINS's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Niger Insurance current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NIGERINS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NIGERINS'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 NIGERINS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NIGERINS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NIGERINS is not paying a notable dividend for the NG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NIGERINS's dividend in 3 years as they are not forecast to pay a notable one for the NG market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average board tenure


CEO

Edwin Igbiti

2yrs

Tenure

Mr. Edwin Friday Igbiti, M.B.A., serves as Director and Chief Executive Officer, Managing Director at Niger Insurance Plc since October 1, 2019. He served as the Managing Director and Chief Executive Offic...


Board Members

Experienced Board: NIGERINS's board of directors are considered experienced (3.1 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Niger Insurance Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Niger Insurance Plc
  • Ticker: NIGERINS
  • Exchange: NGSE
  • Founded: 1962
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: ₦1.548b
  • Shares outstanding: 7.74b
  • Website: https://nigerinsurance.com

Number of Employees


Location

  • Niger Insurance Plc
  • Niger Insurance Plaza
  • 48/50 Odunlami Street
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:40
End of Day Share Price2021/10/18 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.