NIC Holdings Limited provides general and long-term insurance products and services for individual customers and businesses in Uganda.
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Price History & Performance
|Historical stock prices|
|Current Share Price||USh5.10|
|52 Week High||USh3.67|
|52 Week Low||USh6.00|
|1 Month Change||0%|
|3 Month Change||-15.00%|
|1 Year Change||-15.00%|
|3 Year Change||-52.19%|
|5 Year Change||-30.46%|
|Change since IPO||-72.05%|
Recent News & Updates
|NIC||UG Insurance||UG Market|
Return vs Industry: NIC underperformed the UG Insurance industry which returned 26.8% over the past year.
Return vs Market: NIC underperformed the UG Market which returned -0.1% over the past year.
Stable Share Price: NIC is more volatile than 75% of UG stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: NIC's weekly volatility (4%) has been stable over the past year, but is still higher than 75% of UG stocks.
About the Company
NIC Holdings Limited provides general and long-term insurance products and services for individual customers and businesses in Uganda. The company offers general insurance products and services comprising non-life insurance products, which cover group and individual personal accident, marine and aviation, engineering and contractors, goods in transit, workers compensation, employer’s liability, motor comprehensive, fire and allied perils, theft/burglary, cash in transit, oil and gas, public liability, professional indemnity, marine cargo, bonds, computer and electronics, all risks, and travel, as well as cold storage, erection all risks, bonds, and machinery break down/boiler expense insurance products. It also provides life insurance products and services, such as individual and group life, education endowment, personal pension and annuity, sanyuka mubukadde, dividend plus plan, group employees benefit, varsity sure, mortgage plus, group assurance plan, nic career plan, comprehensive insurance package, microfinance care plan, employees insurance plan, annuity contract plan, family last expenses plan, health and medical, and teachers’ insurance savings plan.
NIC Holdings Fundamentals Summary
|NIC fundamental statistics|
Is NIC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NIC income statement (TTM)|
|Cost of Revenue||USh4.12b|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||0.90|
|Net Profit Margin||11.63%|
How did NIC perform over the long term?See historical performance and comparison
Is NIC Holdings 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 NIC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate NIC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: NIC is good value based on its PE Ratio (5.7x) compared to the African Insurance industry average (7.5x).
PE vs Market: NIC is poor value based on its PE Ratio (5.7x) compared to the UG market (4.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NIC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NIC is good value based on its PB Ratio (0.3x) compared to the XF Insurance industry average (0.9x).
How is NIC Holdings 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 NIC Holdings 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 NIC Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NIC has a large one-off gain of UGX3.5B impacting its December 31 2020 financial results.
Growing Profit Margin: NIC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NIC's earnings have declined by 29.5% per year over the past 5 years.
Accelerating Growth: NIC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NIC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (18.2%).
Return on Equity
High ROE: NIC's Return on Equity (5.4%) is considered low.
How is NIC Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: NIC's short term assets (UGX60.9B) exceed its short term liabilities (UGX44.0B).
Long Term Liabilities: NIC's short term assets (UGX60.9B) exceed its long term liabilities (UGX22.2B).
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 13.8%.
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.
What is NIC Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NIC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NIC'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 NIC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NIC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: NIC is not paying a notable dividend for the UG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NIC's dividend in 3 years as they are not forecast to pay a notable one for the UG market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Elias Edu, Esq. serves as Board Secretary and Company Secretary at NIC Holdings Limited and has been Acting Managing Director and CEO since July 11, 2017 and served as its Head of Corporate Services.
Experienced Board: NIC's board of directors are considered experienced (6.6 years average tenure).
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.
NIC Holdings Limited's employee growth, exchange listings and data sources
- Name: NIC Holdings Limited
- Ticker: NIC
- Exchange: UGSE
- Founded: 1964
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: USh10.831b
- Shares outstanding: 2.12b
- Website: https://www.nic.co.ug
- NIC Holdings Limited
- NIC Building
- Plot 3, Pilkington Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 16:00|
|End of Day Share Price||2021/10/15 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.