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NIC

NIC Holdings UGSE:NIC Stock Report

Last Price

USh5.80

Market Cap

USh12.3b

7D

0%

1Y

13.7%

Updated

22 Sep, 2022

Data

Company Financials
NIC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

NIC Stock Overview

NIC Holdings Limited provides general and long-term insurance products and services for individual customers and businesses in Uganda.

NIC Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NIC Holdings
Historical stock prices
Current Share PriceUSh5.80
52 Week HighUSh6.20
52 Week LowUSh5.10
Beta0
1 Month Change-3.33%
3 Month Change-6.45%
1 Year Change13.73%
3 Year Change-27.50%
5 Year Change-20.91%
Change since IPO-68.21%

Recent News & Updates

Shareholder Returns

NICUG InsuranceUG Market
7D0%-0.04%-1.9%
1Y13.7%-14.6%-29.6%

Return vs Industry: NIC exceeded the UG Insurance industry which returned -13.1% over the past year.

Return vs Market: NIC exceeded the UG Market which returned -29% over the past year.

Price Volatility

Is NIC's price volatile compared to industry and market?
NIC volatility
NIC Average Weekly Movement1.3%
Insurance Industry Average Movement4.6%
Market Average Movement2.8%
10% most volatile stocks in UG Market4.5%
10% least volatile stocks in UG Market0.9%

Stable Share Price: NIC is less volatile than 75% of UG stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: NIC's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1964n/aBayo Folayanhttps://www.nic.co.ug

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

How do NIC Holdings's earnings and revenue compare to its market cap?
NIC fundamental statistics
Market CapUSh12.32b
Earnings (TTM)USh1.91b
Revenue (TTM)USh16.42b

0.0x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NIC income statement (TTM)
RevenueUSh16.42b
Cost of RevenueUSh4.12b
Gross ProfitUSh12.30b
Other ExpensesUSh10.39b
EarningsUSh1.91b

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)0
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did NIC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

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

NIC PB Ratio vs Peers
The above table shows the PB ratio for NIC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average0.4x
GUINEAINS Guinea Insurance
0.6xn/a₦1.2b
LASACO LASACO Assurance
0.2xn/a₦1.7b
ARAS Arab Assurers Insurance
0.3xn/aد.أ1.6m
MINE Minerva Insurance Company
0.5xn/a€5.4m
NIC NIC Holdings
n/an/aUSh12.3b

Price-To-Book vs Peers: Insufficient data to calculate NIC's Price-To-Book Ratio vs. peers for valuation analysis.


Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: Insufficient data to calculate NIC's Price-To-Book Ratio vs. industry for valuation analysis.


Price to Book Ratio vs Fair Ratio

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

NIC PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ration/a
Fair PB Ration/a

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

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


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.


Discover undervalued companies

  • Take a look at our analysis of NIC's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Future Growth

How is NIC Holdings 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


13.1%

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.


Discover growth companies

  • Take a look at our analysis of NIC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has NIC Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.0%

Historical Insurance annual earnings growth

Earnings and Revenue History

Quality Earnings: Insufficient data to determine if NIC has high quality earnings.

Growing Profit Margin: Insufficient data to determine if NIC's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NIC's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare NIC's past year earnings growth to its 5-year average.

Earnings vs Industry: Insufficient data to determine if NIC's earnings growth over the past year exceeded the Insurance industry average.


Return on Equity

High ROE: NIC has a negative Return on Equity (0%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is NIC Holdings's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: Insufficient data to determine if NIC's short term assets cover its short term liabilities.

Long Term Liabilities: Insufficient data to determine if NIC's short term assets cover its long term liabilities.


Debt to Equity History and Analysis

Debt Level: Insufficient data to calculate NIC's net debt to equity ratio to determine if it is satisfactory.

Reducing Debt: Insufficient data to determine if NIC's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: Insufficient data to determine if NIC's debt is well covered by operating cash flow.

Interest Coverage: Insufficient data to determine if NIC's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is NIC Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


Earnings Payout to Shareholders

Earnings Coverage: NIC is not paying a notable dividend for the UG market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NIC has not reported any payouts.


Discover strong dividend paying companies

Management

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

9.2yrs

Average board tenure


CEO

Bayo Folayan

no data

Tenure

Mr. Bayo Folayan, B.Sc., FCII, MBA, has been Chief Executive Officer and Managing Director of ELMAC Assurance Company Limited since May 2002. Mr. Folayan had served as Acting Managing Director of Industria...


Board Members

Experienced Board: NIC's board of directors are considered experienced (9.2 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.


Top Shareholders

Top 10 shareholders own 86.23% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
64.95%
Industrial and General Insurance Plc
1,379,234,426UGX8.0b0%no data
7%
Dfcu Bank Limited., Asset Management Arm
148,645,383UGX862.1m0%no data
6.96%
Sudhir Ruparelia
147,793,953UGX857.2m0%no data
2.24%
Joseph Tukuratiire
47,623,904UGX276.2m0%no data
2.06%
Ronald Ssettumba
43,649,693UGX253.2m0%no data
1.03%
Rashid Ssenyonga
21,776,607UGX126.3m0%no data
0.84%
Timothy Mutebile
17,812,500UGX103.3m0%no data
0.6%
Mundu Joseph
12,825,000UGX74.4m0%no data
0.5%
Wang Biao
10,663,500UGX61.8m0%no data
0.056%
Ketrah Tukuratiire
1,185,018UGX6.9m0%no data

Company Information

NIC Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: NIC Holdings Limited
  • Ticker: NIC
  • Exchange: UGSE
  • Founded: 1964
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Implied Market Cap: USh12.317b
  • Shares outstanding: 2.12b
  • Website: https://www.nic.co.ug

Location

  • NIC Holdings Limited
  • NIC Building
  • Plot 3, Pilkington Road
  • Kampala
  • Uganda


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NICUGSE (Uganda Stock Exchange)YesOrdinary SharesUGUGXJul 2011

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/22 00:00
End of Day Share Price2022/09/22 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.