Financials AIICO Insurance Plc

Equities

AIICO

NGAIICO00006

Multiline Insurance & Brokers

End-of-day quote Nigerian S.E. 18:00:00 2024-06-27 EDT 5-day change 1st Jan Change
0.97 NGN +2.11% Intraday chart for AIICO Insurance Plc +1.04% +21.25%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,366 4,990 23,361 25,624 21,597 29,284
Enterprise Value (EV) 1 1,366 -2,461 -8,553 133.6 5,682 10,861
P/E ratio 1.8 x 0.87 x 3.42 x 5.28 x 2.9 x 2.45 x
Yield 9.5% - - 2.86% 5.08% 6.25%
Capitalization / Revenue 0.1 x 0.07 x 0.22 x 0.6 x 0.25 x 0.27 x
EV / Revenue 0.03 x -0.03 x -0.08 x 0 x 0.07 x 0.1 x
EV / EBITDA 0.31 x -0.32 x -1.48 x 0.04 x 0.86 x 0.3 x
EV / FCF -0.04 x -1.18 x 0.25 x 0 x -0.13 x -0.93 x
FCF Yield -2,413% -84.9% 399% 22,865% -748% -108%
Price to Book 0.3 x 0.18 x 0.53 x 0.67 x 0.48 x 0.57 x
Nbr of stocks (in thousands) 21,830,144 21,830,144 48,237,619 36,605,276 36,605,276 36,605,276
Reference price 2 0.2000 0.2286 0.4843 0.7000 0.5900 0.8000
Announcement Date 4/17/19 5/9/20 3/31/21 4/1/22 4/3/23 5/29/24
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 44,226 71,986 104,544 42,716 86,195 110,235
EBITDA 1 4,368 7,592 5,798 3,755 6,607 36,046
EBIT 1 3,859 7,052 5,161 3,145 5,854 35,247
Operating Margin 8.73% 9.8% 4.94% 7.36% 6.79% 31.97%
Earnings before Tax (EBT) 1 3,496 6,234 4,632 2,807 5,085 12,529
Net income 1 3,044 5,784 5,061 4,853 7,441 11,991
Net margin 6.88% 8.04% 4.84% 11.36% 8.63% 10.88%
EPS 2 0.1111 0.2635 0.1414 0.1326 0.2033 0.3269
Free Cash Flow 1 -32,964 2,088 -34,124 30,545 -42,522 -11,723
FCF margin -74.53% 2.9% -32.64% 71.51% -49.33% -10.63%
FCF Conversion (EBITDA) - 27.51% - 813.49% - -
FCF Conversion (Net income) - 36.1% - 629.37% - -
Dividend per Share 2 0.0190 - - 0.0200 0.0300 0.0500
Announcement Date 4/17/19 5/9/20 3/31/21 4/1/22 4/3/23 5/29/24
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3,000 7,451 31,913 25,490 15,915 18,423
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -32,964 2,088 -34,124 30,545 -42,522 -11,723
ROE (net income / shareholders' equity) 24% 26.8% 15.7% 6.98% 11.2% 26.4%
ROA (Net income/ Total Assets) 2.38% 3.27% 1.6% 0.84% 1.49% 7.52%
Assets 1 127,729 176,835 315,827 574,761 501,026 159,560
Book Value Per Share 2 0.6700 1.280 0.9200 1.040 1.220 1.400
Cash Flow per Share 2 0.2400 0.4600 0.8700 0.7000 0.4300 0.5000
Capex 1 1,063 1,158 683 859 1,410 1,423
Capex / Sales 2.4% 1.61% 0.65% 2.01% 1.64% 1.29%
Announcement Date 4/17/19 5/9/20 3/31/21 4/1/22 4/3/23 5/29/24
1NGN in Million2NGN
Estimates
  1. Stock Market
  2. Equities
  3. AIICO Stock
  4. Financials AIICO Insurance Plc