Mutual Benefits Assurance Plc (NGX:MBENEFIT)

Mutual Benefits Assurance Ratios and Metrics

Market cap in millions NGN. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 25, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	95,290	62,189	12,237	10,632	5,417	6,620
Market Cap Growth	678.69%	408.20%	15.09%	96.30%	-18.18%	119.47%
Enterprise Value	59,859	13,731	-15,979	-12,679	-9,466	-1,455
PE Ratio	4.75	3.10	1.14	1.82	5.67	-
PS Ratio	1.00	0.65	0.16	0.22	0.15	0.32
PB Ratio	1.38	0.90	0.22	0.35	0.29	0.33
P/FCF Ratio	53.44	34.88	1.43	1.48	1.36	4.22
P/OCF Ratio	41.33	26.97	1.26	1.39	1.27	3.66
EV/Sales Ratio	0.63	0.14	-	-	-	-
EV/EBITDA Ratio	2.43	0.56	-	-	-	-
EV/EBIT Ratio	2.49	0.57	-	-	-	-
EV/FCF Ratio	33.57	7.70	-	-	-	-
Debt / Equity Ratio	0.01	0.01	0.01	0.01	0.02	0.12
Debt / EBITDA Ratio	0.02	0.02	0.04	0.04	0.07	-
Debt / FCF Ratio	0.23	0.23	0.05	0.06	0.10	1.49
Net Debt / Equity Ratio	-0.56	-0.56	-0.89	-1.11	-0.97	-0.59
Net Debt / EBITDA Ratio	-1.58	-1.58	-4.98	-3.59	-3.02	3.87
Net Debt / FCF Ratio	-21.86	-21.86	-5.68	-4.60	-4.60	-7.53
Quick Ratio	2.94	2.94	1.97	1.93	2.32	1.08
Current Ratio	3.20	3.20	2.24	2.09	2.56	1.20
Asset Turnover	0.59	0.59	0.61	0.47	0.41	0.25
Return on Equity (ROE)	33.68%	33.68%	26.70%	24.06%	4.81%	-24.34%
Return on Assets (ROA)	9.36%	9.36%	4.48%	5.56%	4.10%	-2.54%
Return on Invested Capital (ROIC)	34.10%	37.39%	20.26%	33.67%	15.92%	-13.31%
Earnings Yield	21.05%	32.25%	87.86%	55.00%	17.62%	-84.22%
FCF Yield	1.87%	2.87%	70.15%	67.82%	73.70%	23.72%
Dividend Yield	0.40%	-	3.32%	-	-	-
Payout Ratio	2.00%	2.00%	-	-	-	-
Buyback Yield / Dilution	-	-	-	-	-29.17%	-39.02%
Total Shareholder Return	0.40%	-	3.32%	-	-29.17%	-39.02%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.