NIC Stock Overview

Provides general and long-term insurance services and related activities for individual customers and businesses in Uganda. More details

NIC fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	1/6
Dividends	2/6

Risk Analysis

Does not have a meaningful market cap (UGX11B)

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

NIC Holdings Limited Competitors

Guinea Insurance

NGSE:GUINEAINS

₦5.9b

LASACO Assurance

NGSE:LASACO

₦5.7b

Asuransi Maximus Graha Persada

IDX:ASMI

Rp98.5b

Conduit Capital

JSE:CND

R27.5m

Price History & Performance

Summary of share price highs, lows and changes for NIC Holdings
Historical stock prices
Current Share Price	USh5.00
52 Week High	USh7.00
52 Week Low	USh5.00
Beta	0.17
1 Month Change	0%
3 Month Change	-9.09%
1 Year Change	-23.08%
3 Year Change	-1.96%
5 Year Change	-25.00%
Change since IPO	-72.60%

Recent updates

Shareholder Returns

	NIC	UG Insurance	UG Market
7D	0%	-1.2%	2.7%
1Y	-23.1%	25.7%	10.5%

Return vs Industry: NIC underperformed the UG Insurance industry which returned 25.9% over the past year.

Return vs Market: NIC underperformed the UG Market which returned 8.4% over the past year.

Price Volatility

Is NIC's price volatile compared to industry and market?
NIC volatility
NIC Average Weekly Movement	2.6%
Insurance Industry Average Movement	5.3%
Market Average Movement	3.1%
10% most volatile stocks in UG Market	3.6%
10% least volatile stocks in UG Market	1.4%

Stable Share Price: NIC has not had significant price volatility in the past 3 months compared to the UG market.

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

About the Company

Founded	Employees	CEO	Website
1964	n/a	Bayo Folayan	www.nic.co.ug

NIC Holdings Limited provides general and long-term insurance services and related activities for individual customers and businesses in Uganda. The company offers general insurance products, including comprehensive cover, workers’ compensation, theft/burglary, fire standard, public liability, house owners, contractors all risks, erection all risks, machinery loss of profits, marine cargo, marine hull, aviation liability, machinery breakdown, goods in transit, professional indemnity, travel, employers liability, computer/electronic equipment, plate glass, aircraft crew personal accident, contractors plant and machinery, aviation hull war, aviation hull all risks, oil and gas cover, house holder, bond, and money insurance products. It also provides long-term products, such as individual and group life, education endowment, dividend plus plan, mortgage plus and protection, personal pension and annuity, health and medical, group employees benefit plan, annuity contract plan, group assurance plan, NIC career plan, microfinance care plan, and family last expenses plan, as well as comprehensive insurance packages for schools.

NIC Holdings Limited Fundamentals Summary

How do NIC Holdings's earnings and revenue compare to its market cap?
NIC fundamental statistics
Market cap	USh10.62b
Earnings (TTM)	-USh2.38b
Revenue (TTM)	USh37.12b

0.3x

P/S Ratio

-4.5x

P/E Ratio

Is NIC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NIC income statement (TTM)
Revenue	USh37.12b
Cost of Revenue	USh38.26b
Gross Profit	-USh1.14b
Other Expenses	USh1.24b
Earnings	-USh2.38b

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-1.12
Gross Margin	-3.06%
Net Profit Margin	-6.41%
Debt/Equity Ratio	13.5%

How did NIC perform over the long term?

See historical performance and comparison

Dividends

20.0%

Current Dividend Yield

n/a

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 04:29
End of Day Share Price	2024/12/30 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

NIC Holdings Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Patrick Kakembo	Crested Stocks and Securities Limited