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Acko General Insurance Essentials
As of September 09, 2024, Acko General Insurance, Unlisted share price is ₹143.00 per share and the face value is ₹10.00/share. The lot size of Acko General Insurance is None shares. The 52-week high for Acko General Insurance stock price is ₹275, while the 52-week low is ₹143
Value of a security, as stated by its issuer. It has no relation with market price of the stock.
Total shares or total number of shares outstanding represents the amount of stock on the open market, including shares held by institutional investors and restricted shares held by insiders and company officers.
Gross income refers to the total income earned by an individual on a pay check before taxes and other deductions. It comprises all incomes received by an individual from all sources – including wages, rental income, interest income, and dividends.
It is the final profit left over after subtracting all operating and non operating items from net revenue.
It is the profit allocated to each outstanding share of common stock.
It shows the relationship between the current price and the book value of each share. A lower P/B ratio can mean that the stock is undervalued.
Market capitalization is the aggregate valuation of the company based on its current share price and the total number of outstanding shares.
It measures companys total value, which includes market capitalization, debt and excludes cash.
It calculates the per share value of a company based on its equity available to common shareholders
Intrinsic value is the anticipated value of a company or stock determined through fundamental analysis. It is also referred to as the price a rational investor is willing to pay for an investment, given its level of risk.
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Subsectors are the divisions of a sector. They are areas that vary from the rest of the sector substantially enough to justify creating a plan just for the subsector.
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It indicates the amount of money a company brings in from its ongoing and regular operations over a fixed period of time.
It shows the net flows of cash that are used to fund the company, which include transactions involving debt, equity, and dividends.
Acko General Insurance Growth
Compounded Sales Growth
Return On Equity
Highlights
- Revenue Growth:- Since its establishment in 2017, the company has experienced an impressive compound annual growth rate (CAGR) of 361.47% till FY23. However, the outbreak of Covid-19 caused a surge in the number of claims, leading to an increase in the company's expenses. This created a gap between the company's topline and bottom-line. Additionaly, In FY23, Revenue of the company increased by 97.85% but Net profit declined by 44.18%.
- Premium Growth:- In last 5 years company witnessed a 60.46% CAGR growth of Gross Direct Premium, in FY23 the company saw a 87.80% growth in Net Written Premium.
- Solid Solvency:- In FY23, company reported above average solvency margin of 2.75x which is well above the IRDAI prescribed margin of 1.5x.
- Exploring New Horizons:- Company has received a nod from IRDAI for commencement of Life insurance business hence will be operating in life insurance space along with general insurance which will help it have healthy returns on investments and cross selling.
- Investment Thesis:- Although the company's revenue has been increasing at a stable rate, its profits have declined by an average annual rate of 288.64% over the past 6 years. This decline is mainly due to the combined ratio of 155%, indicating significant losses from the underwriting business. Moreover, the company's negative return on net worth of -70.71% is also a concerning factor. In terms of valuation, the company is currently overvalued with a P/B of 18.7x compared to its peers average P/B of 3.5x. (Peers taken are Reliance General Insurance, ICICI Lombard General Insurance, New India Assurance, and General Insurance Corporation.)
- Star Investors:- The company is backed by bigwigs like Amazon, Accel Partners, Catamaran Ventures, Elevation Capital, RPS Ventures, General Atlantic and Mr. Binny Bansal.
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