Sovereign Trust Insurance Plc

NGSE:SOVRENINS Stock Report

Market Cap: ₦12.8b

Sovereign Trust Insurance Past Earnings Performance

Past criteria checks 3/6

Sovereign Trust Insurance has been growing earnings at an average annual rate of 28.6%, while the Insurance industry saw earnings growing at 42% annually. Revenues have been growing at an average rate of 35.5% per year. Sovereign Trust Insurance's return on equity is 15.8%, and it has net margins of 6.1%.

Key information

28.6%

Earnings growth rate

21.0%

EPS growth rate

Insurance Industry Growth25.4%
Revenue growth rate35.5%
Return on equity15.8%
Net Margin6.1%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Sovereign Trust Insurance makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NGSE:SOVRENINS Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2436,8122,2351,8540
30 Jun 2431,3701,7881,6550
31 Mar 2428,2311,2531,2780
31 Dec 2320,0471,2741,5150
30 Sep 2320,9331,3951,4520
30 Jun 2319,1381,4271,8620
31 Mar 239,1898421,9480
31 Dec 2216,0011,3871,2030
30 Sep 2215,4028961,0200
30 Jun 2214,2238438830
31 Mar 229,1641,1891,8350
31 Dec 218,5929751,6150
30 Sep 219,2317571,9490
30 Jun 218,6437581,7240
31 Mar 218,1196881,7440
31 Dec 208,1196881,7470
30 Sep 206,3175391,5940
30 Jun 206,8174711,5490
31 Mar 207,5744691,5450
31 Dec 197,2945031,6930
30 Sep 196,2323031,3900
30 Jun 195,5661521,5510
31 Mar 195,527931,5440
31 Dec 185,7863441,4630
30 Sep 185,299331,6780
30 Jun 185,4952421,4750
31 Mar 184,6712811,3910
31 Dec 174,5261581,3300
30 Sep 175,7195441,2200
30 Jun 175,0472391,2850
31 Mar 175,1962451,4060
31 Dec 164,544241,4520
30 Sep 163,7682301,3380
30 Jun 163,9792811,3170
31 Mar 164,0606191,2980
31 Dec 154,5865581,3810
30 Sep 154,8851572,6840
30 Jun 154,9083911,4980
31 Mar 155,2733341,5940
31 Dec 145,2272951,4900
30 Sep 145,1185935140
31 Dec 135,2129301,5070

Quality Earnings: SOVRENINS has high quality earnings.

Growing Profit Margin: SOVRENINS's current net profit margins (6.1%) are lower than last year (6.7%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: SOVRENINS's earnings have grown significantly by 28.6% per year over the past 5 years.

Accelerating Growth: SOVRENINS's earnings growth over the past year (60.2%) exceeds its 5-year average (28.6% per year).

Earnings vs Industry: SOVRENINS earnings growth over the past year (60.2%) did not outperform the Insurance industry 200.9%.


Return on Equity

High ROE: SOVRENINS's Return on Equity (15.8%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 12:30
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sovereign Trust Insurance Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution