Veritas Kapital Assurance (NGSE:VERITASKAP) - Stock Price, News & Analysis

VERITASKAP Stock Overview

Veritas Kapital Assurance Plc provides non-life insurance products and services to individuals and institutions in Nigeria.

About the company

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

Rewards

Price-To-Earnings ratio (4.2x) is below the NG market (7.6x)

Earnings grew by 272.2% over the past year

Risk Analysis

Does not have a meaningful market cap (NGN8B)

Volatile share price over the past 3 months

Veritas Kapital Assurance Plc Competitors

Sovereign Trust Insurance

NGSE:SOVRENINS

₦5.7b

Linkage Assurance

NGSE:LINKASSURE

₦13.3b

Consolidated Hallmark Holdings

NGSE:CONHALLPLC

₦13.9b

Sunu Assurances Nigeria

NGSE:SUNUASSUR

₦7.0b

Price History & Performance

Summary of all time highs, changes and price drops for Veritas Kapital Assurance
Historical stock prices
Current Share Price	₦0.60
52 Week High	₦0.84
52 Week Low	₦0.20
Beta	0.27
1 Month Change	-14.29%
3 Month Change	3.45%
1 Year Change	200.00%
3 Year Change	200.00%
5 Year Change	172.73%
Change since IPO	-15.79%

Recent updates

Shareholder Returns

	VERITASKAP	NG Insurance	NG Market
7D	0%	0.1%	-0.5%
1Y	200.0%	89.8%	118.4%

Return vs Industry: VERITASKAP exceeded the NG Insurance industry which returned 89.8% over the past year.

Return vs Market: VERITASKAP exceeded the NG Market which returned 118.4% over the past year.

Price Volatility

Is VERITASKAP's price volatile compared to industry and market?
VERITASKAP volatility
VERITASKAP Average Weekly Movement	11.6%
Insurance Industry Average Movement	10.1%
Market Average Movement	8.0%
10% most volatile stocks in NG Market	11.8%
10% least volatile stocks in NG Market	3.2%

Stable Share Price: VERITASKAP's share price has been volatile over the past 3 months.

Volatility Over Time: VERITASKAP's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of NG stocks.

About the Company

Founded	Employees	CEO	Website
1973	86	Adaobi Nwakuche	veritaskapital.com

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 aviation, marine, motor, oil and energy, bond, fire and special perils, property, household, agriculture, group and personal accident, workmen’s compensation, and health insurance products.

Veritas Kapital Assurance Plc Fundamentals Summary

How do Veritas Kapital Assurance's earnings and revenue compare to its market cap?
VERITASKAP fundamental statistics
Market cap	₦8.32b
Earnings (TTM)	₦1.96b
Revenue (TTM)	₦7.05b

4.2x

P/E Ratio

1.2x

P/S Ratio

Is VERITASKAP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VERITASKAP income statement (TTM)
Revenue	₦7.05b
Cost of Revenue	₦3.70b
Gross Profit	₦3.35b
Other Expenses	₦1.39b
Earnings	₦1.96b

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.14
Gross Margin	47.46%
Net Profit Margin	27.77%
Debt/Equity Ratio	0%

How did VERITASKAP perform over the long term?

See historical performance and comparison