Risk factor
Meaningful price volatility
Profitability factor
Very low or no dividends
About
The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company, often referred to as MedGulf, operates within the Kingdom of Saudi Arabia, providing an extensive array of insurance and reinsurance products and associated services. Its core offerings include fundamental coverages such as third-party liability and comprehensive plans for motor vehicles, as well as group health insurance schemes. Beyond these, MedGulf delivers a broad spectrum of specialized policies, encompassing protection and savings, travel, property, and various engineering-related insurances like contractors' all risks, machinery breakdown, stock deterioration, contractors' equipment, and erection all risks. Further provisions extend to electronic device coverage, aviation and air transport, money, comprehensive bank, fidelity, personal accident, professional and product liability, workers' compensation and employer liability, alongside marine cargo and marine hull policies. Founded in 2006, the company's main headquarters are situated in Riyadh, Saudi Arabia.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. In particular, the stock is overpriced on P/E, of fair value on EV/EBITD