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
|Historical stock prices|
|Current Share Price||US$4.40|
|52 Week High||US$4.93|
|52 Week Low||US$4.21|
|1 Month Change||2.33%|
|3 Month Change||-0.45%|
|1 Year Change||-6.38%|
|3 Year Change||39.78%|
|5 Year Change||102.08%|
|Change since IPO||137.19%|
Recent News & Updates
|NIC||PS Insurance||PS 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.
|NIC Average Weekly Movement||n/a|
|Insurance Industry Average Movement||4.6%|
|Market Average Movement||2.8%|
|10% most volatile stocks in PS Market||5.8%|
|10% least volatile stocks in PS Market||1.3%|
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
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
|NIC fundamental statistics|
Is NIC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NIC income statement (TTM)|
|Cost of Revenue||US$44.42m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.13|
|Net Profit Margin||3.99%|
How did NIC perform over the long term?See historical performance and comparison
4.0%Current Dividend Yield
Is NIC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is NIC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NIC's PE Ratio compare to its peers?
|NIC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
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.
|Current PE Ratio||34.3x|
|Fair PE Ratio||n/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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How is National Insurance Company (Palestine) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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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- Examine National Insurance Company (Palestine)'s financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
How has National Insurance Company (Palestine) performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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.
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How is National Insurance Company (Palestine)'s financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
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.
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What is National Insurance Company (Palestine) current dividend yield, its reliability and sustainability?
Dividend Score 2/6
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?
Aziz Abdul-Jawwad (77 yo)
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
National Insurance Company (Palestine)'s employee growth, exchange listings and data sources
- 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: https://www.nic-pal.com
Number of Employees
- National Insurance Company (Palestine)
- Al Wataniyah Towers Complex
- Palestinian Authority
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NIC||PLSE (Palestine Securities Exchange)||Yes||Share Capital||PS||USD||Dec 2008|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/24 00:00|
|End of Day Share Price||2022/09/22 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.