Veritas Kapital Assurance Plc provides non-life insurance products and services to individuals and institutions in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.23|
|52 Week High||₦0.20|
|52 Week Low||₦0.34|
|1 Month Change||0%|
|3 Month Change||-8.00%|
|1 Year Change||15.00%|
|3 Year Change||-23.33%|
|5 Year Change||-54.00%|
|Change since IPO||-67.72%|
Recent News & Updates
|VERITASKAP||NG Insurance||NG Market|
Return vs Industry: VERITASKAP underperformed the NG Insurance industry which returned 26.9% over the past year.
Return vs Market: VERITASKAP underperformed the NG Market which returned 40% over the past year.
Stable Share Price: VERITASKAP is more volatile than 90% of NG stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: VERITASKAP's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
Veritas Kapital Assurance Plc provides non-life insurance products and services to individuals and institutions in Nigeria. The company operates through Non-Life Business, Pension Administration, and Health Care Segments. It offers marine, aviation, motor, oil and energy, bond, fire and property, household, agriculture, group and personal accident, and health insurance products.
Veritas Kapital Assurance Fundamentals Summary
|VERITASKAP fundamental statistics|
Is VERITASKAP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VERITASKAP income statement (TTM)|
|Cost of Revenue||₦1.47b|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||0.064|
|Net Profit Margin||18.80%|
How did VERITASKAP perform over the long term?See historical performance and comparison
Is Veritas Kapital Assurance 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 VERITASKAP's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate VERITASKAP's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: VERITASKAP is good value based on its PE Ratio (3.6x) compared to the NG Insurance industry average (5.1x).
PE vs Market: VERITASKAP is good value based on its PE Ratio (3.6x) compared to the NG market (7.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VERITASKAP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VERITASKAP's PB Ratio (0.4x) is in line with the NG Insurance industry average.
How is Veritas Kapital Assurance 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 Veritas Kapital Assurance 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 Veritas Kapital Assurance performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: VERITASKAP has a high level of non-cash earnings.
Growing Profit Margin: VERITASKAP's current net profit margins (18.8%) are higher than last year (4.9%).
Past Earnings Growth Analysis
Earnings Trend: VERITASKAP has become profitable over the past 5 years.
Accelerating Growth: Insufficient data to compare VERITASKAP's past year earnings growth to its 5-year average.
Earnings vs Industry: VERITASKAP earnings growth over the past year (374.5%) exceeded the Insurance industry 3.1%.
Return on Equity
High ROE: VERITASKAP's Return on Equity (9.9%) is considered low.
How is Veritas Kapital Assurance's financial position?
Financial Position Analysis
Short Term Liabilities: VERITASKAP's short term assets (NGN9.4B) exceed its short term liabilities (NGN4.1B).
Long Term Liabilities: VERITASKAP's short term assets (NGN9.4B) exceed its long term liabilities (NGN578.4M).
Debt to Equity History and Analysis
Debt Level: VERITASKAP is debt free.
Reducing Debt: VERITASKAP has not had any debt for past 5 years.
Debt Coverage: VERITASKAP has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: VERITASKAP has no debt, therefore coverage of interest payments is not a concern.
What is Veritas Kapital Assurance current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VERITASKAP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate VERITASKAP'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 VERITASKAP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VERITASKAP'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 VERITASKAP'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. Kenneth Edore Egbaran, ACII, ACIB, MBA., has been Managing Director and Chief Executive Officer of Veritas Kapital Assurance Plc since July 25, 2019 and also serves as its Director since January 2020....
Experienced Management: VERITASKAP's management team is considered experienced (2.8 years average tenure).
Experienced Board: VERITASKAP's board of directors are considered experienced (4.4 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.
Veritas Kapital Assurance Plc's employee growth, exchange listings and data sources
- Name: Veritas Kapital Assurance Plc
- Ticker: VERITASKAP
- Exchange: NGSE
- Founded: 1973
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: ₦2.773b
- Shares outstanding: 13.87b
- Website: https://veritaskapital.com
Number of Employees
- Veritas Kapital Assurance Plc
- Plot 497
- Off Constitution Avenue
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.