Coronation Insurance Plc, through its subsidiaries, engages in the business of underwriting of life and non-life insurance for individuals and corporate entities in Nigeria and Ghana.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.48|
|52 Week High||₦0.36|
|52 Week Low||₦0.79|
|1 Month Change||-4.00%|
|3 Month Change||-11.11%|
|1 Year Change||23.08%|
|3 Year Change||20.00%|
|5 Year Change||-5.88%|
|Change since IPO||49.61%|
Recent News & Updates
|WAPIC||NG Insurance||NG Market|
Return vs Industry: WAPIC underperformed the NG Insurance industry which returned 26.9% over the past year.
Return vs Market: WAPIC underperformed the NG Market which returned 40% over the past year.
Stable Share Price: WAPIC is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: WAPIC's weekly volatility (5%) has been stable over the past year.
About the Company
Coronation Insurance Plc, through its subsidiaries, engages in the business of underwriting of life and non-life insurance for individuals and corporate entities in Nigeria and Ghana. It operates in two segments, General Business and Life Business. The company offers travel, general accident, fire, motor, engineering, marine, homeowners, wealth, senior plan, mortgage, term, oil and gas, and life insurance products.
Coronation Insurance Fundamentals Summary
|WAPIC fundamental statistics|
Is WAPIC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WAPIC income statement (TTM)|
|Cost of Revenue||₦7.88b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.039|
|Net Profit Margin||8.06%|
How did WAPIC perform over the long term?See historical performance and comparison
Is Coronation 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 WAPIC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate WAPIC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: WAPIC is poor value based on its PE Ratio (12.2x) compared to the NG Insurance industry average (5.1x).
PE vs Market: WAPIC is poor value based on its PE Ratio (12.2x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WAPIC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WAPIC's PB Ratio (0.5x) is in line with the NG Insurance industry average.
How is Coronation 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 Coronation 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 Coronation Insurance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WAPIC has a large one-off loss of NGN457.9M impacting its June 30 2021 financial results.
Growing Profit Margin: WAPIC's current net profit margins (8.1%) are higher than last year (5.3%).
Past Earnings Growth Analysis
Earnings Trend: WAPIC's earnings have declined by 14.2% per year over the past 5 years.
Accelerating Growth: WAPIC's earnings growth over the past year (67.7%) exceeds its 5-year average (-14.2% per year).
Earnings vs Industry: WAPIC earnings growth over the past year (67.7%) exceeded the Insurance industry 3.1%.
Return on Equity
High ROE: WAPIC's Return on Equity (4%) is considered low.
How is Coronation Insurance's financial position?
Financial Position Analysis
Short Term Liabilities: WAPIC's short term assets (NGN14.3B) do not cover its short term liabilities (NGN17.2B).
Long Term Liabilities: WAPIC's short term assets (NGN14.3B) exceed its long term liabilities (NGN402.1M).
Debt to Equity History and Analysis
Debt Level: WAPIC is debt free.
Reducing Debt: WAPIC had no debt 5 years ago.
Debt Coverage: WAPIC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: WAPIC has no debt, therefore coverage of interest payments is not a concern.
What is Coronation Insurance current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WAPIC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WAPIC'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 WAPIC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WAPIC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: WAPIC is not paying a notable dividend for the NG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WAPIC'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
Olamide Olajolo (45 yo)
Mr. Olamide Olajolo serves as Managing Director, Chief Executive Officer and Executive Director at Coronation Insurance Plc since June 17, 2021. Mr. Olajolo has been Head of Technical at Zenith General Ins...
Experienced Management: WAPIC's management team is seasoned and experienced (5 years average tenure).
Experienced Board: WAPIC's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
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 been substantially diluted in the past year, with total shares outstanding growing by 79.3%.
Coronation Insurance Plc's employee growth, exchange listings and data sources
- Name: Coronation Insurance Plc
- Ticker: WAPIC
- Exchange: NGSE
- Founded: 1958
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: ₦11.516b
- Shares outstanding: 23.99b
- Website: https://www.coronationinsurance.com.ng
Number of Employees
- Coronation Insurance Plc
- 119 Awolowo Road
- PO Box 55508
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 21:40|
|End of Day Share Price||2021/10/18 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.