Royal Exchange Plc provides general and health insurance, life assurance, asset management, credit financing, trusteeship, and microfinance banking services in Nigeria and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.59|
|52 Week High||₦0.20|
|52 Week Low||₦0.84|
|1 Month Change||7.27%|
|3 Month Change||7.27%|
|1 Year Change||136.00%|
|3 Year Change||195.00%|
|5 Year Change||18.00%|
|Change since IPO||1.06%|
Recent News & Updates
|ROYALEX||NG Insurance||NG Market|
Return vs Industry: ROYALEX exceeded the NG Insurance industry which returned 31.2% over the past year.
Return vs Market: ROYALEX exceeded the NG Market which returned 38.9% over the past year.
Stable Share Price: ROYALEX is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ROYALEX's weekly volatility has decreased from 11% to 4% over the past year.
About the Company
Royal Exchange Plc provides general and health insurance, life assurance, asset management, credit financing, trusteeship, and microfinance banking services in Nigeria and internationally. The company operates through Non-Life Insurance, Life Insurance, Financial Services, Healthcare, and Asset Management segments. It offers fire, accident, motor, marine, oil and gas, engineering, bond, disability, liability, and agriculture insurance products.
Royal Exchange Fundamentals Summary
|ROYALEX fundamental statistics|
Is ROYALEX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ROYALEX income statement (TTM)|
|Cost of Revenue||₦5.12b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.067|
|Net Profit Margin||-3.45%|
How did ROYALEX perform over the long term?See historical performance and comparison
Is Royal Exchange undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ROYALEX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ROYALEX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ROYALEX is unprofitable, so we can't compare its PE Ratio to the NG Insurance industry average.
PE vs Market: ROYALEX is unprofitable, so we can't compare its PE Ratio to the NG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ROYALEX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ROYALEX is overvalued based on its PB Ratio (0.9x) compared to the NG Insurance industry average (0.4x).
How is Royal Exchange 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 Royal Exchange 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 Royal Exchange performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ROYALEX is currently unprofitable.
Growing Profit Margin: ROYALEX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ROYALEX is unprofitable, but has reduced losses over the past 5 years at a rate of 19.2% per year.
Accelerating Growth: Unable to compare ROYALEX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ROYALEX is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (3.1%).
Return on Equity
High ROE: ROYALEX has a negative Return on Equity (-1.47%), as it is currently unprofitable.
How is Royal Exchange's financial position?
Financial Position Analysis
Short Term Liabilities: ROYALEX's short term assets (NGN14.3B) exceed its short term liabilities (NGN9.8B).
Long Term Liabilities: ROYALEX's short term assets (NGN14.3B) exceed its long term liabilities (NGN10.6B).
Debt to Equity History and Analysis
Debt Level: ROYALEX's debt to equity ratio (33.7%) is considered satisfactory.
Reducing Debt: ROYALEX's debt to equity ratio has increased from 12% to 33.7% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ROYALEX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ROYALEX has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 21.3% each year.
What is Royal Exchange current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ROYALEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ROYALEX'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 ROYALEX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ROYALEX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ROYALEX is not paying a notable dividend for the NG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ROYALEX's dividend in 3 years as they are not forecast to pay a notable one for the NG market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Royal Exchange has no CEO, or we have no data on them.
Experienced Management: ROYALEX's management team is considered experienced (3.8 years average tenure).
Experienced Board: ROYALEX's board of directors are seasoned and experienced ( 14.3 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.
Royal Exchange Plc's employee growth, exchange listings and data sources
- Name: Royal Exchange Plc
- Ticker: ROYALEX
- Exchange: NGSE
- Founded: 1918
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: ₦2.888b
- Shares outstanding: 4.90b
- Website: https://www.royalexchangeplc.com
Number of Employees
- Royal Exchange Plc
- New Africa House
- 31, Marina Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 15:21|
|End of Day Share Price||2021/10/18 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.