MoloneyStreetRe Analytics

LASACO · Lasaco Assurance Plc

Neutral Neutral Quality 1/5
Distress proxy: -16.68 (Distress concern)
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Financial Services / Insurance Carriers, Brokers · Main Board
Composite score
50.2
Tier: Neutral
Last close
₦2
As of latest snapshot
30-day ADV
₦35.7M
Liquidity signal
Market cap
₦20.62B
Financial Services
Valuation
71
Financials
31
Technical
43
AI bottom line

LASACO's valuation appears attractive at 0.9x book value versus a 1.4x sector median, but this discount reflects genuine operational distress: the stock is loss-making with a -5.3% net margin and burning cash at a -14.7% FCF yield, pushing its Financials pillar to just the 31st percentile. The critical watch is whether management can return to profitability and positive cash generation, as the current valuation provides minimal margin of safety for a deteriorating business.

Stock Snowflake 5-axis radar

Blue = LASACO. Gold dash = Financial Services median. Bigger area = better across the five research dimensions.

What the model is seeing

  • P/B of 0.9x — trading below book value, often a value signal (or a quality flag if persistent).
  • ROE of -7.6% — well below sector median of 17.3%. Capital is underperforming.
  • Below both 50-day (-9.0%) and 200-day (-19.6%) moving averages — sustained downtrend.

Risk flags

Negative net margin (-5.3%) — currently loss-making
Cash burn — FCF margin -9.2%

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 ratio
P/B ratio0.9x
P/S ratio0.6x
EV/EBITDA
FCF yield-14.7%

Financials

ROE-7.6%
ROA-3.8%
Net margin-5.3%
FCF margin-9.2%
Debt / Equity0.0x

Technical

Last close₦2
Above 50d MA-9.0%
Above 200d MA-19.6%
ADX (trend)38.4
RSI50.0

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: 8.29%
FYInterim DPSFinal DPSTotal cashBonusQualificationPayment
2022 ₦0.15 ₦0.15 31 Jul 2023
2020 ₦0.1 ₦0.1 30 Aug 2021
2019 ₦0.05 ₦0.05 22 Sep 2020
See the full NGX dividend leaderboard →

Peers in Financial Services

Closest names by composite score within the same sector. Click a symbol to open its detail page.
SymbolCompositeP/EP/BROETier
PRESTIGE 49.3 35.1x 0.9x 2.7% Neutral
STERLINGNG 51.3 4.9x 1.0x 15.2% Neutral
NGXGROUP 51.5 35.3x 5.4x 21.2% Illiquid
CUSTODIAN 52.1 5.5x 2.0x 28.1% Neutral
UCAP 48.2 9.4x 1.9x 19.4% Neutral
SUNUASSUR 46.7 19.3x 1.4x 7.2% Illiquid

Recent news mentioning LASACO

LASACO ASSURANCE PLC.
NGX Group · 29 Jun