Universal Insurance Plc provides insurance and financial services to commercial, institutional, and individual customers in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.22|
|52 Week High||₦0.20|
|52 Week Low||₦0.28|
|1 Month Change||10.00%|
|3 Month Change||10.00%|
|1 Year Change||10.00%|
|3 Year Change||10.00%|
|5 Year Change||-56.00%|
|Change since IPO||-94.29%|
Recent News & Updates
|UNIVINSURE||NG Insurance||NG Market|
Return vs Industry: UNIVINSURE underperformed the NG Insurance industry which returned 26.9% over the past year.
Return vs Market: UNIVINSURE underperformed the NG Market which returned 40% over the past year.
Stable Share Price: UNIVINSURE is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: UNIVINSURE's weekly volatility (6%) has been stable over the past year.
About the Company
Universal Insurance Plc provides insurance and financial services to commercial, institutional, and individual customers in Nigeria. The company offers motor insurance; marine hull and cargo, and machinery insurance; accident insurance; property insurance, including business interruption, all risks, burglary and housebreaking, and fire and special perils insurance; engineering and contractors insurance; bond and health care professional indemnity insurance; goods in transit insurance; oil and gas insurance; money insurance; boiler and pressure vessels insurance; fidelity guarantee insurance; machinery breakdown insurance; and occupier's, builders’, and employers’ liability insurance services, as well as risk management services. It operates branches in Port Harcourt, Abuja, Enugu, Owerri, Onitsha, Aba, Umuhia, Abakaliki, and Kaduna.
Universal Insurance Fundamentals Summary
|UNIVINSURE fundamental statistics|
Is UNIVINSURE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|UNIVINSURE income statement (TTM)|
|Cost of Revenue||₦1.28b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.081|
|Net Profit Margin||35.54%|
How did UNIVINSURE perform over the long term?See historical performance and comparison
Is Universal 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 UNIVINSURE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate UNIVINSURE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: UNIVINSURE is good value based on its PE Ratio (2.7x) compared to the NG Insurance industry average (5.1x).
PE vs Market: UNIVINSURE is good value based on its PE Ratio (2.7x) compared to the NG market (7.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate UNIVINSURE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: UNIVINSURE's PB Ratio (0.4x) is in line with the NG Insurance industry average.
How is Universal 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 Universal 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 Universal Insurance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UNIVINSURE has high quality earnings.
Growing Profit Margin: UNIVINSURE's current net profit margins (35.5%) are higher than last year (13.7%).
Past Earnings Growth Analysis
Earnings Trend: UNIVINSURE has become profitable over the past 5 years, growing earnings by 45.4% per year.
Accelerating Growth: UNIVINSURE's earnings growth over the past year (326%) exceeds its 5-year average (45.4% per year).
Earnings vs Industry: UNIVINSURE earnings growth over the past year (326%) exceeded the Insurance industry 3.1%.
Return on Equity
High ROE: UNIVINSURE's Return on Equity (13.9%) is considered low.
How is Universal Insurance's financial position?
Financial Position Analysis
Short Term Liabilities: UNIVINSURE's short term assets (NGN1.5B) do not cover its short term liabilities (NGN1.8B).
Long Term Liabilities: UNIVINSURE's short term assets (NGN1.5B) exceed its long term liabilities (NGN296.9M).
Debt to Equity History and Analysis
Debt Level: UNIVINSURE is debt free.
Reducing Debt: UNIVINSURE has not had any debt for past 5 years.
Debt Coverage: UNIVINSURE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: UNIVINSURE has no debt, therefore coverage of interest payments is not a concern.
What is Universal Insurance current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate UNIVINSURE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate UNIVINSURE'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 UNIVINSURE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if UNIVINSURE'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 UNIVINSURE'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. Benedict U. Ujoatuonu, also known as Ben, HND, MBA, ACIIN, ACCM serves as the Chief Executive Officer and Managing Director at Universal Insurance Company Plc. and served as its Head of Technical. Mr....
Experienced Board: UNIVINSURE's board of directors are considered experienced (9.2 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.
Universal Insurance Plc's employee growth, exchange listings and data sources
- Name: Universal Insurance Plc
- Ticker: UNIVINSURE
- Exchange: NGSE
- Founded: 1961
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: ₦3.520b
- Shares outstanding: 16.00b
- Website: https://www.universalinsuranceplc.com
Number of Employees
- Universal Insurance Plc
- 8, Gbagada Expressway
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 15:22|
|End of Day Share Price||2021/10/15 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.