Sunu Assurances Nigeria Plc provides non-life insurance products in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.45|
|52 Week High||₦0.45|
|52 Week Low||₦0.90|
|1 Month Change||0%|
|3 Month Change||-8.16%|
|1 Year Change||125.00%|
|3 Year Change||-55.00%|
|5 Year Change||-82.00%|
|Change since IPO||-96.37%|
Recent News & Updates
|SUNUASSUR||NG Insurance||NG Market|
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.
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
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
|SUNUASSUR fundamental statistics|
Is SUNUASSUR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SUNUASSUR income statement (TTM)|
|Cost of Revenue||₦2.21b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.13|
|Net Profit Margin||17.55%|
How did SUNUASSUR perform over the long term?See historical performance and comparison
Is Sunu Assurances Nigeria 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 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.
How is Sunu Assurances Nigeria 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 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.
How has Sunu Assurances Nigeria performed over the past 5 years?
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
Experienced Management: SUNUASSUR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: SUNUASSUR's board of directors are considered experienced (5.8 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 been substantially diluted in the past year, with total shares outstanding growing by 107.5%.
Sunu Assurances Nigeria Plc's employee growth, exchange listings and data sources
- 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
- Sunu Assurances Nigeria Plc
- Sunu Place, Plot 1196
- Bishop Oluwole Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 21:40|
|End of Day Share Price||2021/10/25 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.