Valuation
55
CORNERST · Cornerstone Insurance Plc
Accumulate Momentum Breakout Quality 3/5Distress proxy: 46.71 (Safe)
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Composite score
65.1
Tier: Accumulate
Last close
₦6
As of latest snapshot
30-day ADV
₦5.2M
Liquidity signal
Market cap
₦108.23B
Financial Services
Financials
66
Technical
80
AI bottom line
Momentum technicals are strongest (80/100 score) while valuation sits neutral at 8.9x P/E versus 7.8x sector median, suggesting controlled entry risk. Monitor the thin liquidity flag (₦5.2M daily ADV) closely, as it could amplify volatility during position building or any operational updates from the pending AGM and court-ordered meeting notices.
Stock Snowflake 5-axis radar
Blue = CORNERST. Gold dash = Financial Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 8.9x — in line with Financial Services median of 7.8x.
- Price has crossed back above the 50-day MA (+3.8%) but remains below 200-day — early recovery signal.
Risk flags
Thin liquidity — 30d ADV ≈ ₦5.2M
Price & trend
Close price with 50-day and 200-day moving averages, last 12 months.
Composite score history
How the model has rated this stock over the available history. Tier changes happen at 75 / 60 / 40.
Key metrics
Valuation
P/E ratio8.9x
P/B ratio1.4x
P/S ratio1.6x
EV/EBITDA5.0x
FCF yield7.0%
Financials
ROE15.8%
ROA8.4%
Net margin18.1%
FCF margin10.9%
Debt / Equity0.0x
Technical
Last close₦6
Above 50d MA3.8%
Above 200d MA-0.2%
ADX (trend)51.8
RSI51.6
Dividend history 3 fiscal years shown
All amounts are gross of Nigeria's 10% withholding tax on dividends. Bonus ratios are 'new shares for shares held'.
Current yield: 5.00%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦0.28 | ₦0.28 | — | 02 Jul 2026 | 20 Jul 2026 |
| 2022 | — | ₦0.06 | ₦0.06 | — | — | 21 Jun 2023 |
| 2021 | — | ₦0.05 | ₦0.05 | — | — | 26 Jul 2022 |
Peers in Financial Services
Closest names by composite score within the same sector. Click a symbol to open its detail page.
| Symbol | Composite | P/E | P/B | ROE | Tier |
|---|---|---|---|---|---|
| MBENEFIT | 65.1 | 3.3x | 1.0x | 24.6% | Accumulate |
| AIICO | 65.9 | 8.1x | 1.4x | 17.5% | Accumulate |
| CONHALLPLC | 63.6 | 7.5x | 1.5x | 20.0% | Accumulate |
| FCMB | 66.9 | 2.3x | 0.6x | 19.4% | Accumulate |
| LINKASSURE | 63.3 | 3.2x | 0.5x | 16.4% | Accumulate |
| WEMABANK | 63.0 | 3.5x | 1.7x | 31.3% | Accumulate |
Recent news mentioning CORNERST
NGX corporate disclosures CORNERST · last 5
Plain-English summaries of every NGX filing for CORNERST, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Dividend Action
filed 19 Jun 2026
Cornerstone Insurance PLC declared a final dividend of N0.28 per share for the year ended 31 December 2025, payable 20 July 2026 to shareholders on the register as of 2 July 2026. The shareholder register closes 3–6 July 2026. Shareholders must complete e-dividend registration to receive payment electronically; the AGM is scheduled for 20 July 2026 at MUSON Centre, Lagos.
Q1 Financial Statement
filed 19 Jun 2026
Cornerstone Insurance Plc filed Q1 2026 financial results on 19 June 2026. Group profit before tax was ₦1.73 billion (down from ₦1.87 billion in Q1 2025), with total assets of ₦144.5 billion. Net insurance finance expenses jumped to ₦1.60 billion, driven by elevated reinsurance costs of ₦4.67 billion—a material headwind versus prior year.
Dividend Action
filed 18 Jun 2026
Cornerstone Insurance PLC declared a final dividend of N0.28 per share for the year ended 31 December 2025, payable 22 July 2026 to shareholders on the register as of 2 July 2026. The register closes 3–6 July 2026. Shareholders must complete e-dividend registration via the EDMMS portal or contact Lighthouse Registrars to receive payment electronically.
Other Disclosure
filed 18 Jun 2026
Cornerstone Insurance Plc filed notice of a court-ordered shareholder meeting on 26 June 2026 to approve a scheme of arrangement splitting the company: non-life insurance transfers to FIN Insurance, life insurance to Cornerstone Life Assurance Limited, and the parent becomes a holding company. Shareholders need 75% approval; the register closes 18–19 June 2026.
Other Disclosure
filed 17 Jun 2026
Cornerstone Insurance Plc filed FY 2025 audited results showing insurance revenue up 33.6% to ₦51.7 billion and insurance service result surging 527.3% to ₦13.5 billion. The company is proceeding with a holding company restructure to separate life and general insurance operations. A dividend of 28 kobo per share is proposed for shareholder approval at the 20 July 2025 AGM.