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Pioneer Insurance

DSE:PIONEERINS
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PIONEERINS
DSE
BDT2B
Market Cap
  1. Home
  2. BD
  3. Insurance
Company description

Pioneer Insurance Company Limited provides various non-life insurance products and services in Bangladesh. The last earnings update was 157 days ago. More info.


Add to Portfolio Compare Print
  • Pioneer Insurance has significant price volatility in the past 3 months.
PIONEERINS Share Price and Events
7 Day Returns
0%
DSE:PIONEERINS
0%
BD Insurance
0%
BD Market
1 Year Returns
-3.6%
DSE:PIONEERINS
-11.9%
BD Insurance
-28.4%
BD Market
PIONEERINS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pioneer Insurance (PIONEERINS) 0% -18.3% -24.6% -3.6% -10.4% 17.9%
BD Insurance - -13.2% -19.5% -11.9% 0.1% 8.6%
BD Market 0% -9.4% -10.2% -28.4% -25.5% -7.5%
1 Year Return vs Industry and Market
  • PIONEERINS outperformed the Insurance industry which returned -11.9% over the past year.
  • PIONEERINS outperformed the Market in Bangladesh which returned -28.4% over the past year.
Price Volatility
PIONEERINS
Industry
5yr Volatility vs Market

PIONEERINS Value

 Is Pioneer Insurance undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pioneer Insurance to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pioneer Insurance.

DSE:PIONEERINS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= BDT41.66 * 8.6%
BDT3.59
Book Value of Equity per Share Median Book Value from the past 5 years. BDT41.66
Discount Rate (Cost of Equity) See below 11.4%
Perpetual Growth Rate 10-Year BD Government Bond Rate 3.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DSE:PIONEERINS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BD Govt Bond Rate 3.4%
Equity Risk Premium S&P Global 10%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.608 (1 + (1- 25%) (0%))
0.737
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.43% + (0.8 * 10%)
11.43%

Discounted Cash Flow Calculation for DSE:PIONEERINS using Excess Returns Model Model

The calculations below outline how an intrinsic value for Pioneer Insurance is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DSE:PIONEERINS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.6% – 11.43%) * BDT41.66)
BDT-1.17
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= BDT-1.17 / (11.43% - 3.43%)
BDT-14.61
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= BDT41.66 + BDT-14.61
BDT27.06
DSE:PIONEERINS Discount to Share Price
Calculation Result
Value per share (BDT) From above. BDT27.06
Current discount Discount to share price of BDT29.40
= -1 x (BDT29.40 - BDT27.06) / BDT27.06
-8.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Pioneer Insurance is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pioneer Insurance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pioneer Insurance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DSE:PIONEERINS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in BDT BDT4.46
DSE:PIONEERINS Share Price ** DSE (2020-03-25) in BDT BDT29.4
Bangladesh Insurance Industry PE Ratio Median Figure of 33 Publicly-Listed Insurance Companies 10.71x
Bangladesh Market PE Ratio Median Figure of 228 Publicly-Listed Companies 12.66x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pioneer Insurance.

DSE:PIONEERINS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DSE:PIONEERINS Share Price ÷ EPS (both in BDT)

= 29.4 ÷ 4.46

6.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pioneer Insurance is good value based on earnings compared to the BD Insurance industry average.
  • Pioneer Insurance is good value based on earnings compared to the Bangladesh market.
Price based on expected Growth
Does Pioneer Insurance's expected growth come at a high price?
Raw Data
DSE:PIONEERINS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Insurance Industry PEG Ratio Median Figure of 52 Publicly-Listed Insurance Companies 1.11x
Bangladesh Market PEG Ratio Median Figure of 7 Publicly-Listed Companies 1.03x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Pioneer Insurance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pioneer Insurance's assets?
Raw Data
DSE:PIONEERINS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in BDT BDT47.23
DSE:PIONEERINS Share Price * DSE (2020-03-25) in BDT BDT29.4
Bangladesh Insurance Industry PB Ratio Median Figure of 35 Publicly-Listed Insurance Companies 1.05x
Bangladesh Market PB Ratio Median Figure of 263 Publicly-Listed Companies 0.95x
DSE:PIONEERINS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DSE:PIONEERINS Share Price ÷ Book Value per Share (both in BDT)

= 29.4 ÷ 47.23

0.62x

* Primary Listing of Pioneer Insurance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pioneer Insurance is good value based on assets compared to the BD Insurance industry average.
X
Value checks
We assess Pioneer Insurance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Pioneer Insurance has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PIONEERINS Future Performance

 How is Pioneer Insurance expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pioneer Insurance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.7%
Expected Insurance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pioneer Insurance expected to grow at an attractive rate?
  • Unable to compare Pioneer Insurance's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Pioneer Insurance's earnings growth to the Bangladesh market average as no estimate data is available.
  • Unable to compare Pioneer Insurance's revenue growth to the Bangladesh market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DSE:PIONEERINS Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Insurance Industry Earnings Growth Rate Market Cap Weighted Average 6.7%
Asia Insurance Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Bangladesh Market Earnings Growth Rate Market Cap Weighted Average 14%
Bangladesh Market Revenue Growth Rate Market Cap Weighted Average 10%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DSE:PIONEERINS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in BDT Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DSE:PIONEERINS Past Financials Data
Date (Data in BDT Millions) Revenue Cash Flow Net Income *
2019-09-30 2,065 422 312
2019-06-30 1,988 390 287
2019-03-31 1,925 431 269
2018-12-31 1,841 335 267
2018-09-30 1,746 375 284
2018-06-30 1,774 300 280
2018-03-31 1,731 242 252
2017-12-31 1,675 206 240
2017-09-30 1,591 71 195
2017-06-30 1,518 116 179
2017-03-31 1,416 17 173
2016-12-31 1,421 49 178

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Pioneer Insurance is high growth as no earnings estimate data is available.
  • Unable to determine if Pioneer Insurance is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DSE:PIONEERINS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Pioneer Insurance Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DSE:PIONEERINS Past Financials Data
Date (Data in BDT Millions) EPS *
2019-09-30 4.46
2019-06-30 4.11
2019-03-31 3.84
2018-12-31 3.82
2018-09-30 4.05
2018-06-30 4.00
2018-03-31 3.59
2017-12-31 3.43
2017-09-30 2.79
2017-06-30 2.57
2017-03-31 2.47
2016-12-31 2.55

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pioneer Insurance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Pioneer Insurance is trading at Pioneer Insurance'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Pioneer Insurance's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Insurance companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Pioneer Insurance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pioneer Insurance has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PIONEERINS Past Performance

  How has Pioneer Insurance performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pioneer Insurance's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pioneer Insurance's year on year earnings growth rate has been positive over the past 5 years.
  • Pioneer Insurance's 1-year earnings growth is less than its 5-year average (10% vs 10.5%)
  • Pioneer Insurance's earnings growth has exceeded the BD Insurance industry average in the past year (10% vs 7%).
Earnings and Revenue History
Pioneer Insurance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pioneer Insurance Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DSE:PIONEERINS Past Revenue, Cash Flow and Net Income Data
Date (Data in BDT Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2,064.69 311.89 504.93
2019-06-30 1,987.71 287.36 474.71
2019-03-31 1,925.49 268.83 472.76
2018-12-31 1,840.78 267.39 427.72
2018-09-30 1,746.37 283.67 402.56
2018-06-30 1,773.78 280.07 406.91
2018-03-31 1,730.71 251.50 388.90
2017-12-31 1,675.08 240.22 375.18
2017-09-30 1,590.67 195.10 363.95
2017-06-30 1,517.89 179.48 343.69
2017-03-31 1,415.71 172.66 320.51
2016-12-31 1,421.25 178.32 327.59
2016-09-30 1,430.47 175.82 387.58
2016-06-30 1,363.65 196.55 337.96
2016-03-31 1,367.07 188.79 335.49
2015-12-31 1,362.94 191.78 335.50
2015-09-30 1,374.14 168.18 341.15
2015-06-30 1,416.43 180.73 361.04
2015-03-31 1,374.97 201.84 320.91
2014-12-31 1,325.82 198.24 301.32
2014-09-30 1,285.17 214.06 320.42
2014-06-30 1,234.87 212.37 286.52
2014-03-31 1,189.43 199.34 278.21
2013-12-31 1,167.67 212.84 258.02
2013-09-30 1,135.52 219.88 279.95
2013-06-30 1,089.82 208.80 247.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Pioneer Insurance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pioneer Insurance used its assets more efficiently than the BD Insurance industry average last year based on Return on Assets.
  • Pioneer Insurance has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pioneer Insurance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pioneer Insurance has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PIONEERINS Health

 How is Pioneer Insurance's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pioneer Insurance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pioneer Insurance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pioneer Insurance has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pioneer Insurance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Pioneer Insurance has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pioneer Insurance Company Filings, last reported 6 months ago.

DSE:PIONEERINS Past Debt and Equity Data
Date (Data in BDT Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 3,305.13 0.00 3,007.54
2019-06-30 3,397.68 0.00 3,069.92
2019-03-31 3,192.33 0.00 2,863.88
2018-12-31 3,154.47 0.00 996.53
2018-09-30 3,148.93 0.00 2,755.92
2018-06-30 2,912.34 0.00 2,496.26
2018-03-31 2,812.46 0.00 2,348.35
2017-12-31 2,919.11 0.00 874.96
2017-09-30 2,579.28 0.00 2,134.65
2017-06-30 2,326.25 0.00 1,938.15
2017-03-31 2,490.46 0.00 2,071.57
2016-12-31 2,211.29 0.00 811.67
2016-09-30
2016-06-30 2,096.95 0.00 1,784.28
2016-03-31 1,829.40 0.00 1,582.46
2015-12-31 1,886.23 0.00 913.50
2015-09-30 1,468.66 0.00 1,169.58
2015-06-30 1,424.13 0.00 1,221.24
2015-03-31 1,409.04 0.00 1,164.09
2014-12-31 1,340.00 0.00 968.78
2014-09-30 1,331.87 0.00 1,201.38
2014-06-30 1,274.79 0.00 1,176.28
2014-03-31 1,255.56 0.00 1,257.05
2013-12-31 1,190.12 0.00 903.03
2013-09-30 1,158.84 0.00 1,194.12
2013-06-30 1,103.46 0.00 1,199.75
  • Pioneer Insurance has no debt.
  • Pioneer Insurance has not taken on any debt in the past 5 years.
  • Pioneer Insurance has no debt, it does not need to be covered by operating cash flow.
  • Pioneer Insurance has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Pioneer Insurance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pioneer Insurance has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PIONEERINS Dividends

 What is Pioneer Insurance's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.1%
Current annual income from Pioneer Insurance dividends.
If you bought BDT2,000 of Pioneer Insurance shares you are expected to receive BDT102 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Pioneer Insurance's pays a higher dividend yield than the bottom 25% of dividend payers in Bangladesh (1.77%).
  • Pioneer Insurance's dividend is below the markets top 25% of dividend payers in Bangladesh (5.35%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DSE:PIONEERINS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Bangladesh Insurance Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 3.4%
Bangladesh Market Average Dividend Yield Market Cap Weighted Average of 212 Stocks 4.2%
Bangladesh Minimum Threshold Dividend Yield 10th Percentile 0.8%
Bangladesh Bottom 25% Dividend Yield 25th Percentile 1.8%
Bangladesh Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DSE:PIONEERINS Past Annualized Dividends Data
Date (Data in BDT) Dividend per share (annual) Avg. Yield (%)
2019-05-23 1.500 4.270
2018-04-26 1.500 5.079
2017-04-17 1.500 5.154
2016-06-08 1.364 4.413
2015-05-06 0.364 1.223
2014-03-30 0.606 1.830
2013-04-29 0.505 1.188
2010-10-18 0.000 0.000
2010-08-01 0.000 0.000
2010-04-11 0.000 0.000
2009-04-06 0.497 2.396

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Pioneer Insurance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pioneer Insurance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pioneer Insurance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pioneer Insurance has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PIONEERINS Management

 What is the CEO of Pioneer Insurance's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Pioneer Insurance has no CEO, or we have no data on them.
Management Team

Dhruba Guha

TITLE
Chief Financial Officer
AGE
52

Habibur Chowdhury

TITLE
Head of HR & Admin & General Manager

Shamima Faizy

TITLE
Deputy Managing Director of Marketing Department
AGE
63

Al-Moeiz Laiwala

TITLE
Deputy Managing Director
AGE
54

Showkat Siddiki

TITLE
Deputy Managing Director

Salimur Chowdhury

TITLE
Deputy Managing Director

Shariful Chowdhury

TITLE
Deputy Managing Director

Md. Haque

TITLE
Assistant Managing Director

A. K. M. Jashim Ahmed

TITLE
Deputy Managing Director of Underwriting
AGE
71

S. Rahman

TITLE
Deputy MD & Company Secretary
AGE
63
Board of Directors

A. K. Rahmatullah

TITLE
Chairman of the Board
COMPENSATION
BDT12K
TENURE
0.8 yrs

Muhammad.Nazrul Islam

TITLE
Assistant GM & Director
TENURE
1.3 yrs

A. B. Islam

TITLE
Independent Director
COMPENSATION
BDT24K

Tapan Chowdhury

TITLE
Director
COMPENSATION
BDT16K
AGE
66

Alamgir Alamin

TITLE
Director
COMPENSATION
BDT28K
AGE
52

Fahama Khan

TITLE
Director
COMPENSATION
BDT16K
AGE
42

Syed Manzur

TITLE
Director
COMPENSATION
BDT8K
AGE
47

Shusmita Anis

TITLE
Director
COMPENSATION
BDT32K
AGE
51

M. Ud Dowla

TITLE
Director
COMPENSATION
BDT16K
AGE
79

M. Majed

TITLE
Director
COMPENSATION
BDT16K
AGE
60
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (BDT) Value (BDT)
X
Management checks
We assess Pioneer Insurance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pioneer Insurance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PIONEERINS News

Simply Wall St News

PIONEERINS Company Info

Description

Pioneer Insurance Company Limited provides various non-life insurance products and services in Bangladesh. The company offers fire insurance products, including fire and allied perils, household, hotel owners all risks, and industrial all risks insurance, as well as coverage for consequential loss due to fire and allied perils; marine insurance products, such as marine cargo, hull, and freight insurance; and motor insurance products comprising comprehensive, act only liability, and increased liability insurance. It also provides aviation insurance products, which include hull, liability, deductible, WAR, crew personal accident, and loss of license insurance; and engineering insurance products, including contractors all risks, contractors plant and machinery, erection all risks, machinery, machinery loss of profit, electronic equipment, deterioration of stock, energy risks, power plant, and boiler and pressure vessels insurance, as well as lift, escalator, and hoisting equipment insurance. In addition, the company offers all risks, cash/property in premises, money/cash in transit, cash in ATM, burglary, general/public liability, comprehensive general and employers liability, products liability, professional indemnity, directors and officers liability, personal accident, and people's personal accident insurance. Further, it provides overseas mediclaim, cellular mobile phone, fidelity guarantee, hole in one golf tournament, neon sign, plate glass, rubber plantation, safe deposit box, group hospitalization plan, abandonment of cricket match, air travel, credit card holder, and poultry insurance. The company was founded in 1996 and is headquartered in Dhaka, Bangladesh.

Details
Name: Pioneer Insurance Company Limited
PIONEERINS
Exchange: DSE
Founded: 1996
BDT2,057,430,375
69,980,625
Website: http://www.pioneerinsurance.com.bd
Address: Pioneer Insurance Company Limited
Rangs Babylonia,
5th Floor,
Dhaka,
1208,
Bangladesh
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DSE PIONEERINS Ordinary Shares Dhaka Stock Exchange Ltd. BD BDT 24. Aug 2001
Number of employees
Current staff
Staff numbers
496
Pioneer Insurance employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 16:20
End of day share price update: 2020/03/25 00:00
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.