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IGIC

International General Insurance Holdings NasdaqCM:IGIC Stock Report

Last Price

US$7.80

Market Cap

US$384.6m

7D

4.0%

1Y

-14.8%

Updated

26 Jun, 2022

Data

Company Financials +
IGIC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance3/6
Financial Health5/6
Dividends3/6

IGIC Stock Overview

International General Insurance Holdings Ltd.

International General Insurance Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for International General Insurance Holdings
Historical stock prices
Current Share PriceUS$7.80
52 Week HighUS$9.69
52 Week LowUS$6.75
Beta0.36
1 Month Change0%
3 Month Change7.59%
1 Year Change-14.85%
3 Year Change-23.53%
5 Year Changen/a
Change since IPO-18.50%

Recent News & Updates

Shareholder Returns

IGICUS InsuranceUS Market
7D4.0%5.5%6.6%
1Y-14.8%1.6%-18.4%

Return vs Industry: IGIC underperformed the US Insurance industry which returned 1.6% over the past year.

Return vs Market: IGIC exceeded the US Market which returned -18.4% over the past year.

Price Volatility

Is IGIC's price volatile compared to industry and market?
IGIC volatility
IGIC Average Weekly Movement5.9%
Insurance Industry Average Movement5.0%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: IGIC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: IGIC's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001289Wasef Jabshehhttps://www.iginsure.com

International General Insurance Holdings Ltd. provides specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance.

International General Insurance Holdings Fundamentals Summary

How do International General Insurance Holdings's earnings and revenue compare to its market cap?
IGIC fundamental statistics
Market CapUS$384.59m
Earnings (TTM)US$49.15m
Revenue (TTM)US$380.72m

7.8x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IGIC income statement (TTM)
RevenueUS$380.72m
Cost of RevenueUS$253.59m
Gross ProfitUS$127.13m
Other ExpensesUS$77.98m
EarningsUS$49.15m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.00
Gross Margin33.39%
Net Profit Margin12.91%
Debt/Equity Ratio0.0%

How did IGIC perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

22%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 IGIC?

Other financial metrics that can be useful for relative valuation.

IGIC 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/Revenue0.6x
Enterprise Value/EBITDA3.5x
PEG Ratio1x

Price to Earnings Ratio vs Peers

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

IGIC PE Ratio vs Peers
The above table shows the PE ratio for IGIC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average170.2x
TIPT Tiptree
46.9xn/aUS$398.2m
NODK NI Holdings
555.8xn/aUS$364.6m
UVE Universal Insurance Holdings
34.8x60.1%US$401.1m
GBLI Global Indemnity Group
43.4xn/aUS$374.4m
IGIC International General Insurance Holdings
7.8x7.6%US$384.6m

Price-To-Earnings vs Peers: IGIC is good value based on its Price-To-Earnings Ratio (7.8x) compared to the peer average (170.2x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: IGIC is good value based on its Price-To-Earnings Ratio (7.8x) compared to the US Insurance industry average (12x)


Price to Earnings Ratio vs Fair Ratio

What is IGIC'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.

IGIC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.8x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: IGIC is good value based on its Price-To-Earnings Ratio (7.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).


Share Price vs Fair Value

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

Below Fair Value: IGIC ($7.8) is trading above our estimate of fair value ($6.43)

Significantly Below Fair Value: IGIC is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: IGIC is poor value based on its PEG Ratio (1x)


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Future Growth

How is International General Insurance Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IGIC's forecast earnings growth (7.6% per year) is above the savings rate (1.9%).

Earnings vs Market: IGIC's earnings (7.6% per year) are forecast to grow slower than the US market (13.9% per year).

High Growth Earnings: IGIC's earnings are forecast to grow, but not significantly.

Revenue vs Market: IGIC's revenue (29.3% per year) is forecast to grow faster than the US market (8.4% per year).

High Growth Revenue: IGIC's revenue (29.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if IGIC's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has International General Insurance Holdings 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


24.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IGIC has high quality earnings.

Growing Profit Margin: IGIC's current net profit margins (12.9%) are lower than last year (13.3%).


Past Earnings Growth Analysis

Earnings Trend: IGIC's earnings have grown significantly by 24.8% per year over the past 5 years.

Accelerating Growth: IGIC's earnings growth over the past year (11.9%) is below its 5-year average (24.8% per year).

Earnings vs Industry: IGIC earnings growth over the past year (11.9%) exceeded the Insurance industry -2.6%.


Return on Equity

High ROE: IGIC's Return on Equity (13.5%) is considered low.


Discover strong past performing companies

Financial Health

How is International General Insurance Holdings'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: IGIC's short term assets ($559.6M) do not cover its short term liabilities ($889.2M).

Long Term Liabilities: IGIC's short term assets ($559.6M) exceed its long term liabilities ($116.7M).


Debt to Equity History and Analysis

Debt Level: IGIC is debt free.

Reducing Debt: IGIC had no debt 5 years ago.

Debt Coverage: IGIC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: IGIC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is International General Insurance Holdings's 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


3.33%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: IGIC's dividend (3.33%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: IGIC's dividend (3.33%) is low compared to the top 25% of dividend payers in the US market (4.24%).


Stability and Growth of Payments

Stable Dividend: IGIC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: IGIC's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (22.2%), IGIC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (10.1%), IGIC's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

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

5.4yrs

Average management tenure


CEO

Wasef Jabsheh (78 yo)

21.42yrs

Tenure

Mr. Wasef Salim Jabsheh is a Founder and Chief Executive Officer at International General Insurance Holdings Ltd and has been its Chairman since March 17, 2020. Mr. Jabsheh serves as Chairman and Chief Exe...


Leadership Team

Experienced Management: IGIC's management team is seasoned and experienced (5.4 years average tenure).


Board Members

Experienced Board: IGIC's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.4%.


Top Shareholders

Company Information

International General Insurance Holdings Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: International General Insurance Holdings Ltd.
  • Ticker: IGIC
  • Exchange: NasdaqCM
  • Founded: 2001
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Implied Market Cap: US$384.585m
  • Shares outstanding: 49.31m
  • Website: https://www.iginsure.com

Number of Employees


Location

  • International General Insurance Holdings Ltd.
  • 74 Abdel Hamid Sharaf Street
  • PO Box 941428
  • Amman
  • 11194
  • Jordan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.