Qatar Insurance Company Q.S.P.C (DSM:QATI) - Share price, News & Analysis

QATI fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	3/6
Financial Health	5/6
Dividends	2/6

QATI Stock Overview

Qatar Insurance Company Q.S.P.C., together with its subsidiaries, engages in the insurance, reinsurance, real estate, and financial advisory businesses in Qatar.

Rewards

Price-To-Earnings ratio (15.8x) is below the Insurance industry average (16.9x)

Earnings grew by 54.8% over the past year

Risk Analysis

Earnings have declined by 17.9% per year over past 5 years

High level of non-cash earnings

Dividend of 4.22% is not well covered by earnings

Qatar Insurance Company Q.S.P.C Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Qatar Insurance Company Q.S.P.C
Historical stock prices
Current Share Price	ر.ق2.37
52 Week High	ر.ق2.75
52 Week Low	ر.ق2.34
Beta	0.63
1 Month Change	-1.66%
3 Month Change	-5.20%
1 Year Change	-5.20%
3 Year Change	-32.40%
5 Year Change	-59.56%
Change since IPO	286.58%

Shareholder Returns

	QATI	QA Insurance	QA Market
7D	-1.3%	-2.5%	-6.5%
1Y	-5.2%	-2.6%	5.1%

Return vs Industry: QATI underperformed the QA Insurance industry which returned -2.6% over the past year.

Return vs Market: QATI underperformed the QA Market which returned 5.1% over the past year.

Price Volatility

Is QATI's price volatile compared to industry and market?
QATI volatility
QATI Average Weekly Movement	2.8%
Insurance Industry Average Movement	5.2%
Market Average Movement	4.0%
10% most volatile stocks in QA Market	6.0%
10% least volatile stocks in QA Market	2.7%

Stable Share Price: QATI is less volatile than 75% of QA stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: QATI's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1964	n/a	Salem Al Mannai	https://www.qatarinsurance.com/corporate/

Qatar Insurance Company Q.S.P.C., together with its subsidiaries, engages in the insurance, reinsurance, real estate, and financial advisory businesses in Qatar. The company operates through six segments: Marine & Aviation Insurance, Property & Casualty Insurance, Health & Life Insurance, Real Estate, and Advisory and Investments. It offers personal insurance products, including car, home, travel, boat, motorcycle, and life and medical; and business insurance products, such as energy, marine and aviation, property and commercial, and motor fleet.

Qatar Insurance Company Q.S.P.C Fundamentals Summary

How do Qatar Insurance Company Q.S.P.C's earnings and revenue compare to its market cap?
QATI fundamental statistics
Market Cap	ر.ق7.74b
Earnings (TTM)	ر.ق488.73m
Revenue (TTM)	ر.ق10.03b

15.8x

P/E Ratio

0.8x

P/S Ratio

Is QATI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
QATI income statement (TTM)
Revenue	ر.ق10.03b
Cost of Revenue	ر.ق8.47b
Gross Profit	ر.ق1.56b
Other Expenses	ر.ق1.07b
Earnings	ر.ق488.73m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.15
Gross Margin	15.52%
Net Profit Margin	4.87%
Debt/Equity Ratio	47.5%

How did QATI perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

67%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for QATI. This is calculated by dividing QATI's market cap by their current preferred multiple.
What is QATI's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	ر.ق7.74b

QATI 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/Revenue	0.4x
Enterprise Value/EBITDA	5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

QATI PE Ratio vs Peers

The above table shows the PE ratio for QATI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	17.6x

Forward PE

Price-To-Earnings vs Peers: QATI is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (17.6x).

Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: QATI is good value based on its Price-To-Earnings Ratio (15.8x) compared to the QA Insurance industry average (16.9x)

Price to Earnings Ratio vs Fair Ratio

What is QATI'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.

QATI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15.8x
Fair PE Ratio	n/a

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

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate QATI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate QATI's fair value for valuation analysis.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate QATI's PEG Ratio to determine if it is good value.

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Future Growth

How is Qatar Insurance Company Q.S.P.C forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

12.8%

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 Qatar Insurance Company Q.S.P.C 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 Qatar Insurance Company Q.S.P.C'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.

Past Performance

How has Qatar Insurance Company Q.S.P.C performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-17.9%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: QATI's current net profit margins (4.9%) are higher than last year (3.3%).

Past Earnings Growth Analysis

Earnings Trend: QATI's earnings have declined by 17.9% per year over the past 5 years.

Accelerating Growth: QATI's earnings growth over the past year (54.8%) exceeds its 5-year average (-17.9% per year).

Earnings vs Industry: QATI earnings growth over the past year (54.8%) exceeded the Insurance industry 10.9%.

Return on Equity

High ROE: QATI's Return on Equity (6.1%) is considered low.

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Financial Health

How is Qatar Insurance Company Q.S.P.C's financial position?

Financial Health Score

5/6

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: QATI's short term assets (QAR29.5B) exceed its short term liabilities (QAR28.5B).

Long Term Liabilities: QATI's short term assets (QAR29.5B) exceed its long term liabilities (QAR5.1B).

Debt to Equity History and Analysis

Debt Level: QATI has more cash than its total debt.

Reducing Debt: QATI's debt to equity ratio has reduced from 51.1% to 47.5% over the past 5 years.

Debt Coverage: QATI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: QATI's interest payments on its debt are well covered by EBIT (16.8x coverage).

Balance Sheet

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Dividend

What is Qatar Insurance Company Q.S.P.C current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.22%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: QATI's dividend (4.22%) is higher than the bottom 25% of dividend payers in the QA market (3.22%).

High Dividend: QATI's dividend (4.22%) is low compared to the top 25% of dividend payers in the QA market (4.75%).

Stability and Growth of Payments

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

Growing Dividend: QATI's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (66.8%), QATI's dividend payments are covered by earnings.

Cash Payout to Shareholders

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

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Management

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

6.3yrs

Average management tenure

CEO

Salem Al Mannai

2.42yrs

Tenure

Mr. Salem Khalaf Al Mannai has been a Group Chief Executive Officer of QIC Group at Qatar Insurance Company Q.S.P.C. (formerly known as Qatar Insurance Company SAQ) since January 13, 2020 and served as Dep...

Leadership Team

Experienced Management: QATI's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Experienced Board: QATI's board of directors are considered experienced (4.1 years average tenure).

Ownership

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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/24 00:00
End of Day Share Price	2022/06/23 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31