Sharjah Insurance Company P.S.C. — Cyborg Score 4/10
Mixed
Insurance - Diversified
Strategic Profile
The company operates in two segments: Underwriting and Investments. Accident and liabilities insurance is the key source of revenue, alongside fire and marine insurance. The company maintains a regional focus with modest scale and faces competitive pressures in the mature UAE insurance market.
Cyborg Score Rationale
The company offers a 3.36% dividend yield, indicating income generation capability. However, the stock trades at depressed valuations and earns returns that do not match up to its cost of capital, suggesting operational challenges and value destruction dynamics.
Top Insights
P/E ratio of 6.3x is below the AE market average of 12.5x, suggesting potential value but may reflect fundamental concerns
52-week trading range of 1.49 to 1.65 AED shows minimal volatility and weak momentum
Dividend payout ratio reached 149.70% in 2024, indicating dividends exceed earnings
Listed on Abu Dhabi Securities Exchange since October 2005 with 20+ year trading history
Named Competitors
General and Life Insurance — UAE-based multi-line insurance provider
General Insurance — Regional insurance operator
Insurance Operations — Competing on ADX and DFM exchanges
Recent Developments
(December 2024) Board meeting held on 24/12/2024
(November 2024) Board meeting held on 25/11/2024
(Q4 2024) Quarterly revenue of AED 10.21 million
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