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  5. SFC: Can you please tell me your opinion of Sagicor. [Sagicor Financial Company Ltd.]
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Q: Can you please tell me your opinion of Sagicor. It is thinly traded for a company of this size. It was recommended in a Globe article as a good dividend payer with low PE, etc. There is not much forum commentary on this company within 5i, or other stock forum's for example. I would appreciate your insight. Thank you.
Asked by william on March 08, 2024
5i Research Answer:

We would agree with the Globe article as SFC offers a cheap valuation at 6.8x and a good yield of 3.28%. We like the outlook for the financials industry in 2024 and SFC has even performed strong in the last year with a total return of 50.8%. SFC's forecast predicts high revenue and earnings growth in 2024. Revenues have grown at a high rate of 179% in 2023. We think SFC is a solid small cap income play that offers growth upside in 2024.