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SUNU

Sunu Assurances NigeriaNGSE:SUNUASSUR Stock Report

Market Cap

₦2.6b

7D

0%

1Y

125.0%

Updated

25 Oct, 2021

Data

Company Financials
SUNUASSUR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

SUNUASSUR Overview

Sunu Assurances Nigeria Plc provides non-life insurance products in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Sunu Assurances Nigeria
Historical stock prices
Current Share Price₦0.45
52 Week High₦0.45
52 Week Low₦0.90
Beta2.14
1 Month Change0%
3 Month Change-8.16%
1 Year Change125.00%
3 Year Change-55.00%
5 Year Change-82.00%
Change since IPO-96.37%

Recent News & Updates

Shareholder Returns

SUNUASSURNG InsuranceNG Market
7D0%1.4%1.5%
1Y125.0%32.4%40.2%

Return vs Industry: SUNUASSUR exceeded the NG Insurance industry which returned 33.4% over the past year.

Return vs Market: SUNUASSUR exceeded the NG Market which returned 40.9% over the past year.

Price Volatility

Is SUNUASSUR's price volatile compared to industry and market?
SUNUASSUR volatility
SUNUASSUR Beta2.14
Industry Beta0.69
Market Beta1

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

Volatility Over Time: SUNUASSUR's weekly volatility has decreased from 58% to 3% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984159Sammy Ogboduhttps://www.sunuassurancesnigeria.com

Sunu Assurances Nigeria Plc provides non-life insurance products in Nigeria. It offers burglary, computer all risks, householders/house owner, motor, personal accident, travel, private motor, consequential loss, and fire and special perils insurance products for individual clients. The company also provides aviation, boiler, builder’s liability, burglary, computer all risks, contractors all risks, director and officers liability, employers liability, fidelity guarantee, fire and special perils, general accident–automobile contingent liability, group personal accident, marine cargo, marine hull, money, motor, professional indemnity, public liability, workmen compensation, bond, industrial all risk, machinery breakdown, plant all risk, and goods in transit insurance products for corporate clients.

Sunu Assurances Nigeria Fundamentals Summary

How do Sunu Assurances Nigeria's earnings and revenue compare to its market cap?
SUNUASSUR fundamental statistics
Market Cap₦2.61b
Earnings (TTM)₦752.05m
Revenue (TTM)₦4.28b

3.5x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SUNUASSUR income statement (TTM)
Revenue₦4.28b
Cost of Revenue₦2.21b
Gross Profit₦2.07b
Expenses₦1.32b
Earnings₦752.05m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.13
Gross Margin48.31%
Net Profit Margin17.55%
Debt/Equity Ratio0.0%

How did SUNUASSUR perform over the long term?

See historical performance and comparison

Valuation

Is Sunu Assurances Nigeria undervalued compared to its fair value and its price relative to the market?

3.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SUNUASSUR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SUNUASSUR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SUNUASSUR is good value based on its PE Ratio (3.5x) compared to the NG Insurance industry average (5.1x).

PE vs Market: SUNUASSUR is good value based on its PE Ratio (3.5x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SUNUASSUR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SUNUASSUR's PB Ratio (0.4x) is in line with the NG Insurance industry average.


Future Growth

How is Sunu Assurances Nigeria 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 Sunu Assurances Nigeria 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 Sunu Assurances Nigeria performed over the past 5 years?

62.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SUNUASSUR has a high level of non-cash earnings.

Growing Profit Margin: SUNUASSUR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SUNUASSUR has become profitable over the past 5 years, growing earnings by 62.7% per year.

Accelerating Growth: SUNUASSUR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SUNUASSUR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (3.1%).


Return on Equity

High ROE: SUNUASSUR's Return on Equity (10.9%) is considered low.


Financial Health

How is Sunu Assurances Nigeria's financial position?


Financial Position Analysis

Short Term Liabilities: SUNUASSUR's short term assets (NGN7.0B) exceed its short term liabilities (NGN5.0B).

Long Term Liabilities: SUNUASSUR's short term assets (NGN7.0B) exceed its long term liabilities (NGN404.9M).


Debt to Equity History and Analysis

Debt Level: SUNUASSUR is debt free.

Reducing Debt: SUNUASSUR has no debt compared to 5 years ago when its debt to equity ratio was 72.9%.

Debt Coverage: SUNUASSUR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SUNUASSUR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Sunu Assurances Nigeria current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SUNUASSUR'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?

1.8yrs

Average management tenure


CEO

Sammy Ogbodu

2.92yrs

Tenure

Mr. Samuel Oghenebrume Ogbodu, B.Sc (INS), ACII, MBA, also known as Sammy, serves as Managing Director and Chief Executive Officer at Sunu Assurances Nigeria plc since November 30, 2018 and served as its E...


Leadership Team

Experienced Management: SUNUASSUR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: SUNUASSUR's board of directors are considered experienced (5.8 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 been substantially diluted in the past year, with total shares outstanding growing by 107.5%.


Top Shareholders

Company Information

Sunu Assurances Nigeria Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Sunu Assurances Nigeria Plc
  • Ticker: SUNUASSUR
  • Exchange: NGSE
  • Founded: 1984
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: ₦2.615b
  • Shares outstanding: 5.81b
  • Website: https://www.sunuassurancesnigeria.com

Number of Employees


Location

  • Sunu Assurances Nigeria Plc
  • Sunu Place, Plot 1196
  • Bishop Oluwole 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 Analysis2021/10/25 21:40
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.