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Atlas Insurance

KASE:ATIL
Snowflake Description

Established dividend payer with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATIL
KASE
PKR5B
Market Cap
  1. Home
  2. PK
  3. Insurance
Company description

Atlas Insurance Limited provides general insurance products and services in Pakistan. The last earnings update was 37 days ago. More info.


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ATIL Share Price and Events
7 Day Returns
0%
KASE:ATIL
7.7%
PK Insurance
9.6%
PK Market
1 Year Returns
-13.6%
KASE:ATIL
-18.3%
PK Insurance
-23.5%
PK Market
ATIL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Atlas Insurance (ATIL) 0% -11.8% -6.2% -13.6% -15.9% -1.4%
PK Insurance 7.7% -21% -26.5% -18.3% -50.6% -26.5%
PK Market 9.6% -17.9% -26% -23.5% -41.1% -22.6%
1 Year Return vs Industry and Market
  • ATIL outperformed the Insurance industry which returned -18.3% over the past year.
  • ATIL outperformed the Market in Pakistan which returned -23.5% over the past year.
Price Volatility
ATIL
Industry
5yr Volatility vs Market

ATIL Value

 Is Atlas 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 Atlas 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 Atlas Insurance.

KASE:ATIL 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
= PKR37.44 * 22.4%
PKR8.38
Book Value of Equity per Share Median Book Value from the past 5 years. PKR37.44
Discount Rate (Cost of Equity) See below 22.3%
Perpetual Growth Rate 10-Year PK Government Bond Rate 11.4%

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 KASE:ATIL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PK Govt Bond Rate 11.4%
Equity Risk Premium S&P Global 13.7%
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- 30%) (0.33%))
0.738
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)
= 11.38% + (0.8 * 13.68%)
22.32%

Discounted Cash Flow Calculation for KASE:ATIL using Excess Returns Model Model

The calculations below outline how an intrinsic value for Atlas 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.

KASE:ATIL Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (22.4% – 22.32%) * PKR37.44)
PKR0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= PKR0.02 / (22.32% - 11.38%)
PKR0.22
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= PKR37.44 + PKR0.22
PKR37.66
KASE:ATIL Discount to Share Price
Calculation Result
Value per share (PKR) From above. PKR37.66
Current discount Discount to share price of PKR60.00
= -1 x (PKR60.00 - PKR37.66) / PKR37.66
-59.3%

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

  • The current share price of Atlas 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 Atlas Insurance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Atlas Insurance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KASE:ATIL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in PKR PKR8.08
KASE:ATIL Share Price ** KASE (2020-04-03) in PKR PKR60
Pakistan Insurance Industry PE Ratio Median Figure of 11 Publicly-Listed Insurance Companies 6.32x
Pakistan Market PE Ratio Median Figure of 275 Publicly-Listed Companies 7.33x

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

** Primary Listing of Atlas Insurance.

KASE:ATIL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KASE:ATIL Share Price ÷ EPS (both in PKR)

= 60 ÷ 8.08

7.43x

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

  • Atlas Insurance is overvalued based on earnings compared to the PK Insurance industry average.
  • Atlas Insurance is overvalued based on earnings compared to the Pakistan market.
Price based on expected Growth
Does Atlas Insurance's expected growth come at a high price?
Raw Data
KASE:ATIL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.43x
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
Pakistan Market PEG Ratio Median Figure of 27 Publicly-Listed Companies 0.43x

*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 Atlas Insurance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Atlas Insurance's assets?
Raw Data
KASE:ATIL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in PKR PKR36.66
KASE:ATIL Share Price * KASE (2020-04-03) in PKR PKR60
Pakistan Insurance Industry PB Ratio Median Figure of 19 Publicly-Listed Insurance Companies 0.57x
Pakistan Market PB Ratio Median Figure of 386 Publicly-Listed Companies 0.59x
KASE:ATIL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KASE:ATIL Share Price ÷ Book Value per Share (both in PKR)

= 60 ÷ 36.66

1.64x

* Primary Listing of Atlas Insurance.

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

  • Atlas Insurance is overvalued based on assets compared to the PK Insurance industry average.
X
Value checks
We assess Atlas 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. Atlas Insurance has a total score of 0/6, 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.

ATIL Future Performance

 How is Atlas 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 Atlas 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 Atlas Insurance expected to grow at an attractive rate?
  • Unable to compare Atlas Insurance's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Atlas Insurance's earnings growth to the Pakistan market average as no estimate data is available.
  • Unable to compare Atlas Insurance's revenue growth to the Pakistan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
KASE:ATIL 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%
Pakistan Market Earnings Growth Rate Market Cap Weighted Average 14.9%
Pakistan Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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
KASE:ATIL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in PKR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
KASE:ATIL Past Financials Data
Date (Data in PKR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,680 623
2019-09-30 1,653 528 634
2019-06-30 1,630 303 666
2019-03-31 1,727 567 672
2018-12-31 1,735 726 666
2018-09-30 1,621 650 661
2018-06-30 1,657 593 641
2018-03-31 1,622 571 641
2017-12-31 1,613 364 664
2017-09-30 1,717 268 660
2017-06-30 1,644 489 636
2017-03-31 1,622 256 647

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Atlas Insurance is high growth as no earnings estimate data is available.
  • Unable to determine if Atlas 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
KASE:ATIL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Atlas Insurance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KASE:ATIL Past Financials Data
Date (Data in PKR Millions) EPS *
2019-12-31 8.08
2019-09-30 8.22
2019-06-30 8.63
2019-03-31 8.71
2018-12-31 8.62
2018-09-30 8.56
2018-06-30 8.31
2018-03-31 8.31
2017-12-31 8.60
2017-09-30 8.55
2017-06-30 8.25
2017-03-31 8.38

*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 Atlas Insurance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Atlas Insurance's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Atlas 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 Atlas 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.
Atlas 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.

ATIL Past Performance

  How has Atlas 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 Atlas 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.
  • Atlas Insurance's year on year earnings growth rate has been positive over the past 5 years.
  • Atlas Insurance's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Atlas Insurance's 1-year earnings growth is negative, it can't be compared to the PK Insurance industry average.
Earnings and Revenue History
Atlas 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 Atlas Insurance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KASE:ATIL Past Revenue, Cash Flow and Net Income Data
Date (Data in PKR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,680.22 623.26 534.63
2019-09-30 1,652.60 634.12 503.50
2019-06-30 1,629.58 666.24 494.47
2019-03-31 1,726.59 672.14 476.42
2018-12-31 1,734.66 665.57 477.89
2018-09-30 1,621.36 660.75 465.02
2018-06-30 1,657.44 641.49 459.38
2018-03-31 1,621.93 641.28 472.65
2017-12-31 1,613.27 663.99 444.44
2017-09-30 1,717.00 660.31 441.96
2017-06-30 1,643.99 636.19 431.29
2017-03-31 1,621.68 646.89 416.62
2016-12-31 1,525.83 618.17 415.94
2016-09-30 1,421.50 588.71 424.46
2016-06-30 1,373.49 592.48 410.39
2016-03-31 1,343.41 607.27 404.96
2015-12-31 1,335.16 601.16 396.99
2015-09-30 1,309.73 606.79 360.83
2015-06-30 1,313.90 613.96 353.90
2015-03-31 1,229.58 560.26 339.66
2014-12-31 1,193.75 544.97 327.90
2014-09-30 1,158.67 515.71 351.87
2014-06-30 1,132.10 512.93 348.00
2014-03-31 1,073.23 476.53 332.72
2013-12-31 1,027.14 455.97 320.92
2013-09-30 963.83 431.86 285.30
2013-06-30 888.46 397.56 267.65

*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.
  • Atlas Insurance has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Atlas Insurance used its assets more efficiently than the PK Insurance industry average last year based on Return on Assets.
  • Atlas Insurance's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Atlas 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.
Atlas Insurance has a total score of 3/6, 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.

ATIL Health

 How is Atlas 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 Atlas Insurance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Atlas Insurance's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Atlas Insurance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Atlas 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.
  • Atlas 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 Atlas Insurance Company Filings, last reported 3 months ago.

KASE:ATIL Past Debt and Equity Data
Date (Data in PKR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,829.03 15.33 649.84
2019-09-30 2,829.03 0.00 649.84
2019-06-30 2,889.55 0.00 884.48
2019-03-31 3,613.83 0.00 1,095.28
2018-12-31 3,460.88 0.00 1,327.99
2018-09-30 3,484.15 0.00 757.90
2018-06-30 3,566.52 0.00 794.59
2018-03-31 4,159.02 0.00 629.82
2017-12-31 4,047.04 0.00 702.25
2017-09-30 2,064.55 0.00 284.36
2017-06-30 1,921.65 0.00 370.58
2017-03-31 2,206.39 0.00 170.99
2016-12-31 2,046.54 0.00 250.44
2016-09-30 1,856.86 0.00 381.96
2016-06-30 1,738.08 0.00 168.05
2016-03-31 1,977.03 0.00 227.91
2015-12-31 1,845.90 0.00 428.28
2015-09-30 1,690.91 0.00 263.12
2015-06-30 1,568.36 0.00 157.02
2015-03-31 1,792.52 0.00 84.23
2014-12-31 1,667.50 0.00 433.17
2014-09-30 1,501.67 0.00 154.94
2014-06-30 1,371.96 0.00 207.01
2014-03-31 1,547.57 0.00 163.50
2013-12-31 1,438.03 0.00 162.16
2013-09-30 1,305.17 0.00 244.96
2013-06-30 1,178.23 0.00 176.36
  • Atlas Insurance has no debt.
  • Atlas Insurance currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Atlas Insurance has no debt, it does not need to be covered by operating cash flow.
  • Atlas Insurance has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Atlas 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. Atlas Insurance has a total score of 5/6, 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.

ATIL Dividends

 What is Atlas 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
11.67%
Current annual income from Atlas Insurance dividends.
If you bought PKR2,000 of Atlas Insurance shares you are expected to receive PKR233 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?
  • Atlas Insurance's pays a higher dividend yield than the bottom 25% of dividend payers in Pakistan (2.67%).
  • Atlas Insurance's dividend is above the markets top 25% of dividend payers in Pakistan (9.2%).
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
KASE:ATIL 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
Pakistan Insurance Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 7.2%
Pakistan Market Average Dividend Yield Market Cap Weighted Average of 214 Stocks 7.4%
Pakistan Minimum Threshold Dividend Yield 10th Percentile 1.5%
Pakistan Bottom 25% Dividend Yield 25th Percentile 2.7%
Pakistan Top 25% Dividend Yield 75th Percentile 9.2%

Industry and Market average data is calculated daily.

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

KASE:ATIL Past Annualized Dividends Data
Date (Data in PKR) Dividend per share (annual) Avg. Yield (%)
2020-02-27 7.000 11.216
2019-04-03 6.364 11.661
2019-02-27 6.364 9.187
2018-02-27 5.909 9.929
2017-02-28 5.909 8.997
2016-03-25 5.455 8.413
2016-02-25 5.455 8.607
2015-03-20 5.455 8.380
2015-02-27 5.455 8.419
2014-03-21 4.132 6.830
2013-02-28 2.755 6.569
2012-03-21 2.296 9.096
2011-03-01 1.913 10.401
2009-12-31 1.739 10.958

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Atlas Insurance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x 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 Atlas Insurance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Atlas Insurance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Atlas Insurance has a total score of 5/6, see the detailed checks below.


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

ATIL Management

 What is the CEO of Atlas 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.
CEO
Babar Mirza
TENURE AS CEO 2 years
CEO Bio

Mr. Babar Mahmood Mirza is Chief Executive Officer at Atlas Insurance Ltd. since April 16, 2018 and has been its Executive Director since April 10, 2018.

CEO Compensation
  • Insufficient data for Babar to compare compensation growth.
  • Insufficient data for Babar to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Atlas Insurance management team in years:

3
Average Tenure
  • The tenure for the Atlas Insurance management team is about average.
Management Team

Babar Mirza

TITLE
CEO & Executive Director
TENURE
2 yrs

Rashid Amin

TITLE
Chief Financial Officer
TENURE
7.8 yrs

Muhammad Gul

TITLE
Head of Accounts & Compliance and Compliance Officer

Qudsia Naheed

TITLE
Head of HR & Admin

Abbas Sajjad

TITLE
General Manager of Sales & Marketing

Saleem Akhtar

TITLE
Chief Internal Auditor & Head of Internal Audit

Muhammad Saeed

TITLE
Head of Claims & Grievance

Abdul Ghauri

TITLE
Head of IT
TENURE
4 yrs

Syed Kazmi

TITLE
Head of Underwriting & Risk Management

Mustansar Rauf

TITLE
Assistant .VP & Head of Window Takaful Operation
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Atlas Insurance board of directors in years:

2
Average Tenure
  • The average tenure for the Atlas Insurance board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yusuf Shirazi

TITLE
Chairman of the Board

Babar Mirza

TITLE
CEO & Executive Director
TENURE
2 yrs

Ali Shirazi

TITLE
Non-Executive Director
TENURE
12.8 yrs

Roohi Khan

TITLE
Independent Non-Executive Director
TENURE
2 yrs

Hasan Reza Rahim

TITLE
Independent Non-Executive Director
TENURE
2 yrs

Frahim Khan

TITLE
Non-Executive Director
TENURE
2 yrs

M. Habib-ur-Rehman

TITLE
Non-Executive Director
TENURE
1.7 yrs
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 (PKR) Value (PKR)
X
Management checks
We assess Atlas 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. Atlas 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.

ATIL News

Simply Wall St News

ATIL Company Info

Description

Atlas Insurance Limited provides general insurance products and services in Pakistan. The company operates in four segments: Fire and Property Damage; Marine, Aviation and Transport; Motor; and Miscellaneous. It offers fire and allied perils, marine, motor, personal accident, contractors all risk, erection all risk, machinery breakdown, boiler and pressure vessel, product liability, fidelity guarantee, cash in transit/cash in safe, bankers' blanket bond, loss of profit, computer all risk, travel, credit, crop, and health insurance. The company was formerly known as Muslim Insurance Company Limited and changed its name to Atlas Insurance Limited in 2006. The company was founded in 1934 and is headquartered in Lahore, Pakistan. Atlas Insurance Limited is a subsidiary of Shirazi Investments (Private) Limited.

Details
Name: Atlas Insurance Limited
ATIL
Exchange: KASE
Founded: 1934
PKR4,630,651,140
77,177,519
Website: http://www.ail.atlas.pk
Address: Atlas Insurance Limited
Plot 63/A, Block-XX,
Phase III (Commercial),
Lahore,
54000,
Pakistan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KASE ATIL Ordinary Shares Pakistan Stock Exchange Limited PK PKR 18. Apr 1996
Number of employees
Current staff
Staff numbers
0
Atlas Insurance employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 15:31
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.