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Mutual Benefits AssuranceNSA:MBAS -0.30%53 Intrinsic Value: Projected FCF is ₦4.09 as of Aug. 11, 2026, which is 100% below its 10-year median of 0.42. GuruFocus rates NSA:MBAS with a GF Score™ of 53/100 and a GF Value™ of ₦1.44 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 396 Insurance companies, Mutual Benefits Assurance ranks worse than 53.03% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for Mutual Benefits Assurance's Intrinsic Value: Projected FCF or its related term are showing as below:
NSA:MBAS'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.42 Med: 0.42 Max: 0.81
Current: 0.8
During the past 11 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Mutual Benefits Assurance was 0.81. The lowest was 0.42. And the median was 0.42.
NSA:MBAS's Price-to-Projected-FCF is ranked worse than 53.03% of 396
companies
in the Insurance industry
Industry Median: 0.76
vs NSA:MBAS: 0.80
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Mutual Benefits Assurance's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
3.28
/
4.0922515301585
=
0.80
* 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 Intrinsic Value: Projected FCF Related Terms
Mutual Benefits Assurance Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Mutual Benefits Assurance's Intrinsic Value: Projected FCF 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.
NSA:MBAS vs BRK.A, AIG, HIG: Intrinsic Value: Projected FCF Comparison
For the Insurance - Diversified subindustry, Mutual Benefits Assurance's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 Price-to-Projected-FCF vs Insurance Industry
For the Insurance industry and Financial Services sector, Mutual Benefits Assurance's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Mutual Benefits Assurance's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of ₦4.09 mean?
Mutual Benefits Assurance (NSA:MBAS) has a Intrinsic Value: Projected FCF of ₦4.09 as of Aug. 11, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Mutual Benefits Assurance and its competitors. This is 874% above median its historical median of 0.42. Over the past decade, Mutual Benefits Assurance's Intrinsic Value: Projected FCF has ranged from 0.42 to 0.81. According to the industry distribution chart, Mutual Benefits Assurance ranks #210 out of 396 companies in the Insurance industry, placing it in the top 53%.
Is Mutual Benefits Assurance's Intrinsic Value: Projected FCF too high?
Mutual Benefits Assurance's current Intrinsic Value: Projected FCF of ₦4.09 is 874% above median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 0.81. Based on the distribution chart, Mutual Benefits Assurance ranks #210 out of 396 companies in the Insurance industry, which is below the industry midpoint. Overall, Mutual Benefits Assurance has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mutual Benefits Assurance's Intrinsic Value: Projected FCF compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Mutual Benefits Assurance ranks #210 out of 396 companies for Intrinsic Value: Projected FCF. This places Mutual Benefits Assurance in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.76. Historically, Mutual Benefits Assurance's own Intrinsic Value: Projected FCF has ranged from 0.42 to 0.81 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Insurance company?
The median Intrinsic Value: Projected FCF among Insurance companies is 0.76, based on 396 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Mutual Benefits Assurance and its competitors. For the Insurance industry, the median Intrinsic Value: Projected FCF is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mutual Benefits Assurance's current Intrinsic Value: Projected FCF is ₦4.09, which is 874% above median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mutual Benefits Assurance stock overvalued right now?
Based on GuruFocus' analysis, Mutual Benefits Assurance (NSA:MBAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦1.44, compared to a current price of ₦3.28 — trading 127.8% above its estimated fair value. The current Intrinsic Value: Projected FCF is ₦4.09, which is 874% above median its 10-year median of 0.42. Mutual Benefits Assurance's overall GF Score™ is 53/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Mutual Benefits Assurance (NSA:MBAS), the current Intrinsic Value: Projected FCF is ₦4.09 as of Aug. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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 ₦3.28 is trading 127.8% above its estimated GF Value™ of ₦1.44.
GuruFocus considers Mutual Benefits Assurance to be Significantly Overvalued.
Key valuation signals for NSA:MBAS:
Intrinsic Value: Projected FCF: ₦4.09 (874% above median its 10-year median of 0.42)
GF Value™: ₦1.44 vs. price of ₦3.28 (127.8% above fair value)
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 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.
53GF Score
Get the complete analysis for NSA:MBAS
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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