National Reinsurance Corporation of the Philippines (NRCP) Fair Value & Analysis
Financials · PH · Market cap 1.3B PHP (≈ $20.4M) · ISIN PHY6251L1099
What is National Reinsurance Corporation of the Philippines really worth?
A solid business, trading 45% below our fair value of 2.50 PHP.
Risks
Fair value as of: Aug 29, 2026
From 4 valuation models · updated 7 days ago
Fair value updated Aug 29, 2026, revised from 2.38 PHP to 2.50 PHP (+5.0%) since Aug 26, 2026. Share price +45.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (1.87 PHP). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range 0.3064 PHP – 1.42 PHP · fair‑value band 1.87 PHP – 3.12 PHP · the 1.38 PHP price screens below the 2.50 PHP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
National Reinsurance Corporation of the Philippines (NRCP) currently trades at 1.38 PHP, while our model-based Fair Value estimate is 2.50 PHP, implying the stock looks roughly 44.8% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Financials sector. Bull case: the Multiples group reads highest at a median of 7.76 PHP per share, and 4 of the 4 models we run sit above the 1.38 PHP price. Bear case: the Asset-Based group reads lowest at 4.98 PHP, and 0 of the 4 models stay below the price. Evidence for this calculation is low.
The stock trades on a trailing P/E of 63.5 (as of Aug 26, 2026). Fundamentals as of Aug 29, 2026
Our scenario range runs from 1.87 PHP (bear case) to 3.12 PHP (bull case); at 1.38 PHP, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 134% above its 52-week low. For context, the median of 10 Financials peers we cover trades at 27% fair-value upside, at 81%, NRCP screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 4 models by family
Widest divergence: Multiples (7.76 PHP) versus Asset-Based (4.98 PHP). Highest evidence: Residual Income (71).
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Key figures & financial health
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 76
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
National Reinsurance Corporation of the Philippines reported revenue of 5.4B PHP in FY2024 versus 3.7B PHP in FY2020, a compound +10.1%/yr. Reported net income was 551M PHP in FY2024, compounding +46.4%/yr from FY2020.
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Peer Group
Financials · 3318 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Insurance” was too small, so the broader sector is used.)
Valuation Multiples vs Financials median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Insurance stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Ping An Insurance (Group) Company 82318 | HK$48.18 | HK$61.00 | +27% |
| American Financial Group AFGE | $16.12 | $13.69 | −15% |
| 540755 540755 | ₹348.25 | ₹696.50 | +100% |
| 500271 500271 | ₹1,562 | ₹453.95 | −71% |
| AIA Group 81299 | HK$62.10 | HK$6.45 | −90% |
| Federal Home Loan Mortgage Corporation FMCKK | $13.00 | $26.00 | +100% |
| CGABL CGABL | $16.15 | $10.52 | −35% |
| AIZN AIZN | $18.44 | $22.31 | +21% |
| Reinsurance Group RZB | $25.34 | $43.96 | +73% |
| MGRB MGRB | $16.13 | $23.73 | +47% |
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