Universal Insurance (NGSE:UNIVINSURE) - Share price, News & Analysis

UNIVINSURE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	5/6
Financial Health	5/6
Dividends	0/6

UNIVINSURE Overview

Universal Insurance Plc provides insurance and financial services to commercial, institutional, and individual customers in Nigeria.

Rewards

PE ratio (2.7x) is below the NG market (7.5x)

Earnings grew by 326% over the past year

Risk Analysis

Does not have a meaningful market cap (NGN4B)

Price History & Performance

Summary of all time highs, changes and price drops for Universal Insurance
Historical stock prices
Current Share Price	₦0.22
52 Week High	₦0.20
52 Week Low	₦0.28
Beta	-0.17
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%

Shareholder Returns

	UNIVINSURE	NG Insurance	NG Market
7D	0%	3.4%	1.6%
1Y	10.0%	26.9%	40.0%

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.

Price Volatility

Is UNIVINSURE's price volatile compared to industry and market?
UNIVINSURE volatility
UNIVINSURE Beta	-0.17
Industry Beta	0.70
Market Beta	1

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

Founded	Employees	CEO	Website
1961	97	Ben Ujoatuonu	https://www.universalinsuranceplc.com

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

How do Universal Insurance's earnings and revenue compare to its market cap?
UNIVINSURE fundamental statistics
Market Cap	₦3.52b
Earnings (TTM)	₦1.30b
Revenue (TTM)	₦3.64b

2.7x

P/E Ratio

1.0x

P/S Ratio

Is UNIVINSURE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
UNIVINSURE income statement (TTM)
Revenue	₦3.64b
Cost of Revenue	₦1.28b
Gross Profit	₦2.36b
Expenses	₦1.07b
Earnings	₦1.30b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.081
Gross Margin	64.89%
Net Profit Margin	35.54%
Debt/Equity Ratio	0.0%

How did UNIVINSURE perform over the long term?

See historical performance and comparison

Valuation

Is Universal Insurance undervalued compared to its fair value and its price relative to the market?

2.72x

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.

Future Growth

How is Universal Insurance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.1%

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.

Past Performance

How has Universal Insurance performed over the past 5 years?

45.4%

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.

Financial Health

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.

Balance Sheet

Dividend

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.

Next Steps

Explore strong dividend paying companies in the Insurance industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

9.2yrs

Average board tenure

CEO

Ben Ujoatuonu

no data

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....

Board Members

Experienced Board: UNIVINSURE's board of directors are considered experienced (9.2 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 not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2021/10/17 15:22
End of Day Share Price	2021/10/15 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31

Market Cap

7D

1Y

Updated

Data