Sovereign Trust Insurance Plc operates as a non-life insurance company in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.24|
|52 Week High||₦0.20|
|52 Week Low||₦0.39|
|1 Month Change||-4.00%|
|3 Month Change||-17.24%|
|1 Year Change||20.00%|
|3 Year Change||20.00%|
|5 Year Change||-52.00%|
|Change since IPO||-72.57%|
Recent News & Updates
|SOVRENINS||NG Insurance||NG Market|
Return vs Industry: SOVRENINS underperformed the NG Insurance industry which returned 32.2% over the past year.
Return vs Market: SOVRENINS underperformed the NG Market which returned 38.8% over the past year.
Stable Share Price: SOVRENINS is more volatile than 90% of NG stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: SOVRENINS's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
Sovereign Trust Insurance Plc operates as a non-life insurance company in Nigeria. It offers motor, family wellbeing, personal/group accident, marine and aviation, oil and gas, car and engineering, travel, all risk, burglary house breaking, consequential loss, property, fire and extraneous perils, and workmen’s compensation insurance products. The company also provides electronic equipment, fidelity guarantee, goods in transit, money, professional indemnity, machinery breakdown, house holder house owner, and healthcare indemnity insurance products, as well as builder’s, public, product, and occupiers liability insurance.
Sovereign Trust Insurance Fundamentals Summary
|SOVRENINS fundamental statistics|
Is SOVRENINS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SOVRENINS income statement (TTM)|
|Cost of Revenue||₦5.83b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.067|
|Net Profit Margin||8.77%|
How did SOVRENINS perform over the long term?See historical performance and comparison
Is Sovereign Trust 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: Insufficient data to calculate SOVRENINS's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SOVRENINS's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SOVRENINS is good value based on its PE Ratio (3.6x) compared to the NG Insurance industry average (4.9x).
PE vs Market: SOVRENINS is good value based on its PE Ratio (3.6x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SOVRENINS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SOVRENINS is good value based on its PB Ratio (0.3x) compared to the NG Insurance industry average (0.4x).
How is Sovereign Trust 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 Sovereign Trust 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 Sovereign Trust Insurance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOVRENINS has high quality earnings.
Growing Profit Margin: SOVRENINS's current net profit margins (8.8%) are higher than last year (6.9%).
Past Earnings Growth Analysis
Earnings Trend: SOVRENINS's earnings have grown significantly by 29% per year over the past 5 years.
Accelerating Growth: SOVRENINS's earnings growth over the past year (60.8%) exceeds its 5-year average (29% per year).
Earnings vs Industry: SOVRENINS earnings growth over the past year (60.8%) exceeded the Insurance industry 3.1%.
Return on Equity
High ROE: SOVRENINS's Return on Equity (8.4%) is considered low.
How is Sovereign Trust Insurance's financial position?
Financial Position Analysis
Short Term Liabilities: SOVRENINS's short term assets (NGN9.7B) exceed its short term liabilities (NGN4.7B).
Long Term Liabilities: SOVRENINS's short term assets (NGN9.7B) exceed its long term liabilities (NGN33.0M).
Debt to Equity History and Analysis
Debt Level: SOVRENINS's debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: SOVRENINS's debt to equity ratio has increased from 8.8% to 14% over the past 5 years.
Debt Coverage: SOVRENINS's debt is well covered by operating cash flow (24.8%).
Interest Coverage: SOVRENINS's interest payments on its debt are well covered by EBIT (26.1x coverage).
What is Sovereign Trust Insurance current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SOVRENINS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SOVRENINS'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 SOVRENINS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SOVRENINS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SOVRENINS is not paying a notable dividend for the NG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SOVRENINS'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 board tenure
Mr. Olaotan Soyinka is an erudite and well-grounded Underwriter with over 20 years cognate experience. He is an Associate of the Chartered Insurance Institute of Nigeria. He joined Sovereign Trust Insuranc...
Experienced Board: SOVRENINS's board of directors are considered experienced (5.7 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.
Sovereign Trust Insurance Plc's employee growth, exchange listings and data sources
- Name: Sovereign Trust Insurance Plc
- Ticker: SOVRENINS
- Exchange: NGSE
- Founded: 1980
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: ₦2.727b
- Shares outstanding: 11.36b
- Website: https://www.stiplc.com
Number of Employees
- Sovereign Trust Insurance Plc
- 17, Adetokunbo Ademola Street
- Victoria Island
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 15:36|
|End of Day Share Price||2021/10/20 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.