Valuation
54
NEM · NEM Insurance Company (Nigeria) Plc
Neutral Neutral Quality 3/5Distress proxy: 42.42 (Safe)
Compare with another stock →
Composite score
58.6
Tier: Neutral
Last close
₦28
As of latest snapshot
30-day ADV
₦263.6M
Liquidity signal
Market cap
₦142.97B
Financial Services
Financials
60
Technical
64
AI bottom line
NEM trades at a valuation premium to peers (9.3x P/E vs 7.8x sector median, 1.7x P/B vs 1.4x) despite comparable profitability metrics, with ROE of 17.1% matching sector norms and a solid 14.6% net margin. Monitor whether management can sustain this premium through earnings growth or if mean reversion in multiples presents downside risk given the neutral technical setup.
Stock Snowflake 5-axis radar
Blue = NEM. Gold dash = Financial Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 9.3x — in line with Financial Services median of 7.8x.
- Below both 50-day (-8.4%) and 200-day (-3.7%) moving averages — sustained downtrend.
Risk flags
No major risk flags
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 ratio9.3x
P/B ratio1.7x
P/S ratio1.4x
EV/EBITDA2.4x
FCF yield6.1%
Financials
ROE17.1%
ROA8.1%
Net margin14.6%
FCF margin8.6%
Debt / Equity0.0x
Technical
Last close₦28
Above 50d MA-8.4%
Above 200d MA-3.7%
ADX (trend)72.4
RSI37.3
Dividend history 10 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: 5.34% 7 consecutive years of payment 5y DPS CAGR: +75.5% ↑ 10y CAGR: +38.0%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦1.50 | ₦1.50 | — | 14 Apr 2026 | 14 May 2026 |
| 2024 | — | ₦1.00 | ₦1.00 | — | — | 20 May 2025 |
| 2023 | ₦0.6 | — | ₦0.6 | — | — | 02 Jul 2024 |
| 2022 | — | ₦0.3 | ₦0.3 | — | — | 18 May 2023 |
| 2021 | — | ₦0.22 | ₦0.22 | — | — | 19 May 2022 |
| 2020 | — | ₦0.09 | ₦0.09 | — | — | 24 Jun 2021 |
| 2019 | — | ₦0.15 | ₦0.15 | — | — | 01 Jan 1999 |
| 2017 | — | ₦0.1 | ₦0.1 | — | — | — |
| 2016 | — | ₦0.08 | ₦0.08 | — | — | — |
| 2015 | — | ₦0.06 | ₦0.06 | — | — | — |
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 |
|---|---|---|---|---|---|
| ETI | 59.3 | 3.6x | 0.6x | 14.6% | Neutral |
| UNIVINSURE | 62.0 | 3.3x | 0.9x | 23.7% | Accumulate |
| STANBIC | 55.0 | 6.4x | 2.1x | 32.5% | Neutral |
| VERITASKAP | 54.3 | 5.3x | 1.1x | 17.5% | Neutral |
| WAPIC | 54.2 | 7.1x | 1.1x | 13.5% | Neutral |
| WEMABANK | 63.0 | 3.5x | 1.7x | 31.3% | Accumulate |
Recent news mentioning NEM
No symbol-specific headlines in the recent window.
NGX corporate disclosures NEM · last 1
Plain-English summaries of every NGX filing for NEM, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Earnings Forecast
filed 11 Jun 2026
Summary unavailable — read the original ↗