Prestige Assurance Plc, a general insurance company, provides non-life insurance products in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.45|
|52 Week High||₦0.41|
|52 Week Low||₦0.61|
|1 Month Change||-6.25%|
|3 Month Change||-4.26%|
|1 Year Change||-25.00%|
|3 Year Change||33.91%|
|5 Year Change||49.97%|
|Change since IPO||-38.09%|
Recent News & Updates
|PRESTIGE||NG Insurance||NG Market|
Return vs Industry: PRESTIGE underperformed the NG Insurance industry which returned 32.6% over the past year.
Return vs Market: PRESTIGE underperformed the NG Market which returned 40.4% over the past year.
Stable Share Price: PRESTIGE is more volatile than 75% of NG stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: PRESTIGE's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
Prestige Assurance Plc, a general insurance company, provides non-life insurance products in Nigeria. The company offers insurance products in the areas of motor, marine, bond, engineering, fire, aviation, oil and gas, and general accident. Its products include motor, health, travel, salary protection shield, personal accident, agricultural, burglary, money, householder, all risk, prestige device, and group personal accident insurance products; and marine cargo and hull, fidelity guarantee, and aviation insurance products.
Prestige Assurance Fundamentals Summary
|PRESTIGE fundamental statistics|
Is PRESTIGE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PRESTIGE income statement (TTM)|
|Cost of Revenue||₦4.04b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.063|
|Net Profit Margin||14.13%|
How did PRESTIGE perform over the long term?See historical performance and comparison
5.6%Current Dividend Yield
Is Prestige Assurance 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: Insufficient data to calculate PRESTIGE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PRESTIGE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PRESTIGE is poor value based on its PE Ratio (7.1x) compared to the NG Insurance industry average (5x).
PE vs Market: PRESTIGE is good value based on its PE Ratio (7.1x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PRESTIGE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PRESTIGE's PB Ratio (0.5x) is in line with the NG Insurance industry average.
How is Prestige Assurance 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 Prestige Assurance 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 Prestige Assurance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PRESTIGE has high quality earnings.
Growing Profit Margin: PRESTIGE's current net profit margins (14.1%) are lower than last year (16%).
Past Earnings Growth Analysis
Earnings Trend: PRESTIGE has become profitable over the past 5 years, growing earnings by 23.8% per year.
Accelerating Growth: PRESTIGE's earnings growth over the past year (18.2%) is below its 5-year average (23.8% per year).
Earnings vs Industry: PRESTIGE earnings growth over the past year (18.2%) exceeded the Insurance industry 3.1%.
Return on Equity
High ROE: PRESTIGE's Return on Equity (6.5%) is considered low.
How is Prestige Assurance's financial position?
Financial Position Analysis
Short Term Liabilities: PRESTIGE's short term assets (NGN9.6B) exceed its short term liabilities (NGN5.9B).
Long Term Liabilities: PRESTIGE's short term assets (NGN9.6B) exceed its long term liabilities (NGN640.2M).
Debt to Equity History and Analysis
Debt Level: PRESTIGE's debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: PRESTIGE's debt to equity ratio has reduced from 2.3% to 0.2% over the past 5 years.
Debt Coverage: PRESTIGE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PRESTIGE's interest payments on its debt are well covered by EBIT (141.3x coverage).
What is Prestige Assurance current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PRESTIGE's dividend (5.56%) is higher than the bottom 25% of dividend payers in the NG market (3.28%).
High Dividend: PRESTIGE's dividend (5.56%) is low compared to the top 25% of dividend payers in the NG market (7.27%).
Stability and Growth of Payments
Stable Dividend: PRESTIGE's dividend payments have been volatile in the past 10 years.
Growing Dividend: PRESTIGE's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.8%), PRESTIGE'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. Sarbeswar Sahoo has been Managing Director at Prestige Assurance Plc since December 19, 2019 and has been its Chief Executive Officer and served as its General Manager of Risk Control from November 201...
Experienced Management: PRESTIGE's management team is seasoned and experienced (5.4 years average tenure).
Experienced Board: PRESTIGE's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
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 been substantially diluted in the past year, with total shares outstanding growing by 108.3%.
Prestige Assurance Plc's employee growth, exchange listings and data sources
- Name: Prestige Assurance Plc
- Ticker: PRESTIGE
- Exchange: NGSE
- Founded: 1952
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: ₦5.964b
- Shares outstanding: 13.25b
- Website: https://www.prestigeassuranceplc.com
Number of Employees
- Prestige Assurance Plc
- Prestige House
- 19, Ligali Ayorinde Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 20:59|
|End of Day Share Price||2021/10/21 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.