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SAGICOR GROUP (SJ)
Presented By Leovaughni Dillon
OUTLINE FOR THIS PRESENTATION
Company Background Key Jamaican Economic Indicators SJ Financials Valuation Conclusion
SAGICOR GROUP (SJ) Presented By Leovaughni Dillon OUTLINE FOR THIS - - PowerPoint PPT Presentation
SAGICOR GROUP (SJ) Presented By Leovaughni Dillon OUTLINE FOR THIS - - PowerPoint PPT Presentation
SAGICOR GROUP (SJ) Presented By Leovaughni Dillon OUTLINE FOR THIS PRESENTATION Company Background Key Jamaican Economic Indicators SJ Financials Valuation Conclusion COMPANY BACKGROUND SJs field force wrote more than 1$ million in life
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COMPANY BACKGROUND
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SJ’s field force wrote more than 1$ million in life insurance on the first day of operations 1st June 1970
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- Life Insurance
- Health Insurance
- Annuities
- Retirement products
- Pension Administration
- Investments Services
SAGICOR GROUP PRODUCTS AND SERVICES
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KEY JAMAICAN ECONOMIC INDICATORS
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Unemployment
- Was reduced to
11.30% in July
JMD/USD Depreciation
- 1.69% as at November 28,
2017 currently at $126.30
GDP growth
- PIOJ 3rd estimate economic growth of
0.9% over the same period last year
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SJ FINANCIALS
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KEY INCOME STATEMENT DATA
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$28.67 $35.51 $42.36 $45.63 $54.99 $59.70 REVENUE (BILLIONS)
SJ REVENUE
2011 2012 2013 2014 2015 2016
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65.45% 64.66% 69.00% 63.92% 59.06% 56.10% 2011 2012 2013 2014 2015 2016
% REVENUE FROM PREMIUMS AND ANNUITIES
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26.48% 26.84% 19.25% 27.51% 29.64% 32.41% 2011 2012 2013 2014 2015 2016
% REVENUE FROM INVESTMENT INCOME
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$5.75 $6.06 $6.45 $8.56 $9.79 $11.26 PROFITS (BILLIONS)
SJ PROFITS
2011 2012 2013 2014 2015 2016
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EPS $1.47 $1.56 $1.67 $2.21 $2.51 $2.90
SAGICOR GROUP EPS
2011 2012 2013 2014 2015 2016
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DIVIDEND PER SHARE $0.65 $0.56 $0.40 $0.63 $0.73 $1.11
SAGICOR DIVIDEND HISTORY
2011 2012 2013 2014 2015 2016
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KEY BALANCE SHEET DATA
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160.74 174.53 198.31 284.22 300.39 340.95 TOTAL ASSETS
TOTAL ASSETS
2011 2012 2013 2014 2015 2016
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11.41 11.09 11.88 53.59 67.48 104.15 CUSTOMER DEPOSTIS AND OTHER ACCOUNTS
CUSTOMER DEPOSITS
2011 2012 2013 2014 2015 2016
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18.71% 17.87% 20.46% 21.14% 21.46% 17.07% 15.23% 18.77% 17.81% 18.86% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 2012 2013 2014 2015 2016
Sagicor Group
ROE Net Profit Margin
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VALUATION
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Discounted Free Cash Flow Capital Asset Pricing Model Main Market P/E of 17x
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Estimated 2018 EPS $5.03 Key Drivers 12M Price Target $41.68
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CONCLUSION
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Economy Improving Jamaican Economic Outlook Consistency Consistent Earnings/Profit Growth Currently Undervalued P/E below peers and Main Market and has significant room for growth