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	1/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (4.7x) is below the NG market (8.2x)

Earnings have grown 38% per year over the past 5 years

Risk Analysis

Does not have a meaningful market cap (NGN5B)

Highly volatile share price over the past 3 months

Veritas Kapital Assurance Plc Competitors

Sovereign Trust Insurance

NGSE:SOVRENINS

₦4.1b

Sunu Assurances Nigeria

NGSE:SUNUASSUR

₦7.0b

Linkage Assurance

NGSE:LINKASSURE

₦11.3b

Consolidated Hallmark Holdings

NGSE:CONHALLPLC

₦13.7b

Price History & Performance

Summary of all time highs, changes and price drops for Veritas Kapital Assurance
Historical stock prices
Current Share Price	₦0.37
52 Week High	₦0.44
52 Week Low	₦0.20
Beta	0.15
1 Month Change	42.31%
3 Month Change	42.31%
1 Year Change	85.00%
3 Year Change	85.00%
5 Year Change	76.19%
Change since IPO	-48.07%

Recent updates

Shareholder Returns

	VERITASKAP	NG Insurance	NG Market
7D	-5.1%	-2.0%	-1.7%
1Y	85.0%	64.6%	52.4%

Return vs Industry: VERITASKAP exceeded the NG Insurance industry which returned 66% over the past year.

Return vs Market: VERITASKAP exceeded the NG Market which returned 54.9% over the past year.

Price Volatility

Is VERITASKAP's price volatile compared to industry and market?
VERITASKAP volatility
VERITASKAP Average Weekly Movement	11.1%
Insurance Industry Average Movement	6.0%
Market Average Movement	5.8%
10% most volatile stocks in NG Market	10.0%
10% least volatile stocks in NG Market	3.2%

Stable Share Price: VERITASKAP is more volatile than 90% of NG stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: VERITASKAP's weekly volatility (11%) 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	n/a	https://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	₦4.85b
Earnings (TTM)	₦1.10b
Revenue (TTM)	₦6.06b

4.7x

P/E Ratio

0.8x

P/S Ratio

Is VERITASKAP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
VERITASKAP income statement (TTM)
Revenue	₦6.06b
Cost of Revenue	₦2.48b
Gross Profit	₦3.58b
Other Expenses	₦2.49b
Earnings	₦1.10b

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.079
Gross Margin	59.12%
Net Profit Margin	18.09%
Debt/Equity Ratio	0%

How did VERITASKAP perform over the long term?

See historical performance and comparison

Veritas Kapital Assurance NGSE:VERITASKAP Stock Report