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National Insurance Company (Palestine) PLSE:NIC Stock Report

Last Price


Market Cap







24 Sep, 2022


Company Financials
NIC fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health5/6

NIC Stock Overview

National Insurance Company (Palestine) provides various insurance products and services for individual and corporate customers in Palestine.

National Insurance Company (Palestine) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for National Insurance Company (Palestine)
Historical stock prices
Current Share PriceUS$4.40
52 Week HighUS$4.93
52 Week LowUS$4.21
1 Month Change2.33%
3 Month Change-0.45%
1 Year Change-6.38%
3 Year Change39.78%
5 Year Change102.08%
Change since IPO137.19%

Recent News & Updates

Shareholder Returns

NICPS InsurancePS Market

Return vs Industry: NIC underperformed the PS Insurance industry which returned -2.7% over the past year.

Return vs Market: NIC underperformed the PS Market which returned 8.7% over the past year.

Price Volatility

Is NIC's price volatile compared to industry and market?
NIC volatility
NIC Average Weekly Movementn/a
Insurance Industry Average Movement4.6%
Market Average Movement2.8%
10% most volatile stocks in PS Market5.8%
10% least volatile stocks in PS Market1.3%

Stable Share Price: Insufficient data to determine NIC's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine NIC's volatility change over the past year.

About the Company

1992207Aziz Abdul-Jawwad

National Insurance Company (Palestine) provides various insurance products and services for individual and corporate customers in Palestine. It offers vehicle, travel, comprehensive house hold, personal accident, life, VIP 3, money, third party liability, product and professional indemnity, fidelity guarantee, workers compensation, land transport, marine, health, fire and burglary, and critical illness insurance products. The company also provides insurance for machinery breakdowns, erection risks, plate glasses, and electronic equipment, as well as contractors' plant and machinery.

National Insurance Company (Palestine) Fundamentals Summary

How do National Insurance Company (Palestine)'s earnings and revenue compare to its market cap?
NIC fundamental statistics
Market CapUS$75.90m
Earnings (TTM)US$2.21m
Revenue (TTM)US$55.33m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NIC income statement (TTM)
Cost of RevenueUS$44.42m
Gross ProfitUS$10.92m
Other ExpensesUS$8.70m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)0.13
Gross Margin19.73%
Net Profit Margin3.99%
Debt/Equity Ratio0%

How did NIC perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is NIC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NIC?

Other financial metrics that can be useful for relative valuation.

NIC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA26.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does NIC's PE Ratio compare to its peers?

NIC PE Ratio vs Peers
The above table shows the PE ratio for NIC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.8x
TPIC Tamkeen Insurance
GUI Global United Insurance
PICO Palestine Insurance
TRUST Trust International Insurance P.L.C
NIC National Insurance Company (Palestine)

Price-To-Earnings vs Peers: NIC is expensive based on its Price-To-Earnings Ratio (34.3x) compared to the peer average (15.8x).

Price to Earnings Ratio vs Industry

How does NIC's PE Ratio compare vs other companies in the Asian Insurance Industry?

Price-To-Earnings vs Industry: NIC is expensive based on its Price-To-Earnings Ratio (34.3x) compared to the Asian Insurance industry average (11.8x)

Price to Earnings Ratio vs Fair Ratio

What is NIC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NIC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NIC's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of NIC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NIC ($4.4) is trading above our estimate of fair value ($1.34)

Significantly Below Fair Value: NIC is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is National Insurance Company (Palestine) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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 National Insurance Company (Palestine) 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.

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Past Performance

How has National Insurance Company (Palestine) performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NIC has a high level of non-cash earnings.

Growing Profit Margin: NIC's current net profit margins (4%) are lower than last year (12.2%).

Past Earnings Growth Analysis

Earnings Trend: NIC's earnings have declined by 1.6% per year over the past 5 years.

Accelerating Growth: NIC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NIC had negative earnings growth (-65.9%) over the past year, making it difficult to compare to the Insurance industry average (33.1%).

Return on Equity

High ROE: NIC's Return on Equity (5.2%) is considered low.

Discover strong past performing companies

Financial Health

How is National Insurance Company (Palestine)'s financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NIC's short term assets ($75.3M) do not cover its short term liabilities ($81.1M).

Long Term Liabilities: NIC's short term assets ($75.3M) exceed its long term liabilities ($7.7M).

Debt to Equity History and Analysis

Debt Level: NIC is debt free.

Reducing Debt: NIC has no debt compared to 5 years ago when its debt to equity ratio was 1.2%.

Debt Coverage: NIC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NIC has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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What is National Insurance Company (Palestine) current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NIC's dividend (3.98%) is higher than the bottom 25% of dividend payers in the PS market (2.78%).

High Dividend: NIC's dividend (3.98%) is low compared to the top 25% of dividend payers in the PS market (5.21%).

Stability and Growth of Payments

Stable Dividend: NIC's dividend payments have been volatile in the past 10 years.

Growing Dividend: NIC's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (136.6%), NIC's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: NIC is paying a dividend but the company has no free cash flows.

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


CEO Compensation


Aziz Abdul-Jawwad (77 yo)

no data




Mr. Aziz Mahmoud Abdul-Jawwad serves as the Chief Executive Officer of National Insurance Company ( Palestine ). Mr. Abdul-Jawwad has been a Consultant for Al-Wataniya Insurance Company’s Board of Director...


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.

Top Shareholders

Top 15 shareholders own 48.57% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
Bashar Tawfiq Hussein
1,724,676$7.6m0%no data
Fadel Hammad
1,506,500$6.6m0%no data
Tawfeq Hussan
1,205,315$5.3m0%no data
Ardemis Mardirossian
805,000$3.5m0%no data
Mohammed Mahmoud Masrouji
640,183$2.8m0%no data
Riham Hussein
622,140$2.7m0%no data
Aziz Abdul-Jawwad
575,000$2.5m0%no data
Samer Aziz Shehadeh
497,749$2.2m0%no data
Al Mashareq For Development And Investments
442,454$1.9m0%no data
Zahi Awwad
230,000$1.0m0%no data
Sameh Al Masri
99,561$438.1k0%no data
Tariq Shakaa
26,450$116.4k0%no data
Ahmad Mushasha
1,600$7.0k0%no data
Alaa Safi
1,007$4.4k0%no data
Suheil Salah Awwad
244$1.1k0%no data

Company Information

National Insurance Company (Palestine)'s employee growth, exchange listings and data sources

Key Information

  • Name: National Insurance Company (Palestine)
  • Ticker: NIC
  • Exchange: PLSE
  • Founded: 1992
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Implied Market Cap: US$75.900m
  • Shares outstanding: 17.25m
  • Website:

Number of Employees


  • National Insurance Company (Palestine)
  • Al Wataniyah Towers Complex
  • Al-Bireh
  • Ramallah
  • Palestinian Authority


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NICPLSE (Palestine Securities Exchange)YesShare CapitalPSUSDDec 2008

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/22 00:00
Annual Earnings2021/12/31

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.