Mutual Benefits Assurance (NSA:MBAS) Capex-to-Operating-Cash-Flow: (As of Jun. 2026)

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NSA:MBAS Mutual Benefits Assurance PLC NSA:MBAS
41 GF Score
Price ₦3.60
GF Value ₦1.20
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Mutual Benefits Assurance Capex-to-Operating-Cash-Flow?

Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.

Mutual Benefits Assurance's Capital Expenditure for the three months ended in Jun. 2026 was ₦-695.75 Mil. Its Cash Flow from Operations for the three months ended in Jun. 2026 was ₦-6,610.83 Mil.

GuruFocus do not calculate Capex-to-Operating-Cash-Flow if the Cash Flow from Operations is negative.


Mutual Benefits Assurance  (NSA:MBAS) Capex-to-Operating-Cash-Flow Explanation

Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.

Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.


Mutual Benefits Assurance Capex-to-Operating-Cash-Flow Related Terms


Mutual Benefits Assurance Capex-to-Operating-Cash-Flow Historical Data

* Premium members only.

The historical data trend for Mutual Benefits Assurance's Capex-to-Operating-Cash-Flow can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mutual Benefits Assurance Capex-to-Operating-Cash-Flow Chart

Mutual Benefits Assurance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Capex-to-Operating-Cash-Flow
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.12 0.04 0.05 0.06 0.04

Mutual Benefits Assurance Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Capex-to-Operating-Cash-Flow Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.01 0.11 0.03 -

NSA:MBAS vs BRK.A, AIG, HIG: Capex-to-Operating-Cash-Flow Comparison

For the Insurance - Diversified subindustry, Mutual Benefits Assurance's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mutual Benefits Assurance Capex-to-Operating-Cash-Flow vs Insurance Industry

For the Insurance industry and Financial Services sector, Mutual Benefits Assurance's Capex-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Mutual Benefits Assurance's Capex-to-Operating-Cash-Flow falls into.


NSA:MBAS
41GF Score
Mutual Benefits Assurance PLC NSA:MBAS
Capex-to-Operating-Cash-Flow is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mutual Benefits Assurance Capex-to-Operating-Cash-Flow Calculation

Mutual Benefits Assurance's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Dec. 2025 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (-576.367) / 16231.572
=0.04

Mutual Benefits Assurance's Capex-to-Operating-Cash-Flow for the quarter that ended in Jun. 2026 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (-695.751) / -6610.831
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is Mutual Benefits Assurance (NSA:MBAS) Overvalued in 2026?

Based on GuruFocus' analysis, Mutual Benefits Assurance stock appears to be overvalued. The current stock price of ₦3.60 is trading 200% above its estimated GF Value™ of ₦1.20. GuruFocus considers Mutual Benefits Assurance to be Significantly Overvalued.

Key valuation signals for NSA:MBAS:

  • Capex-to-Operating-Cash-Flow:
  • GF Value™: ₦1.20 vs. price of ₦3.60 (200% above fair value)
  • GF Score™: 41/100 with 1 warning sign

No single metric tells the full story. See the NSA:MBAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mutual Benefits Assurance Business Description

Address 233 Ikorodu Road, Aret Adams House, Ilupeju, Lagos, NGA
Mutual Benefits Assurance PLC is a financial and wealth protection company in Nigeria. The principal objective of the Company is to render qualitative life related insurance & risks management services. It is a premium provider of life insurance, annuity and investment products and services. It has four reportable operating segments; assurance business, real estate, microfinance bank, and oil and gas exploration and production. The majority of revenue comes from Assurance business which covers the protection of customers' assets (Particularly their properties, both for personal and commercial business) and indemnification of other parties that have suffered damage as a result of customers accident. It has presence in Nigeria, and Liberia.
41GF Score

Get the complete analysis for NSA:MBAS

Capex-to-Operating-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦3.60
Price
₦1.20
GF Value