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Company Information |
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Full name Compagnie d'Assurances et de Reassurances (شركة أستري للتّامين وإعادة التأمين) Headquarters P.O. Box 780, 45 Avenue Kheireddine Pacha Street, Tunis 1080, Tunisia.; Tunis Capital; Tunisia |
Status: Listed Operational Status: Operational Financial Auditors: Jelil Bouraoui and company (2012) Incorporation Date: October 22, 1949 Total Employees: 156 Tel: 216 71792211 |
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Company Description |
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ASTREE was established on October 22, 1949. It is one of the first insurance companies in Tunisia. ASTREE filled the insurance needs in the economic and social circles through its business. The company was listed on the Tunisian stock exchange on December 23, 1991 |
Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues increased with 1.64%, from TND 48,210.145 thousands to TND 49,002.627 thousands. The results of the period decreased -89.80% reaching TND 1,609.057 thousands at the end of the period against TND 15,779.076 thousands last year. Return on equity (Net income/Total equity) went from 22.81% to 2.08%, the Return On Asset (Net income / Total Asset) went from 6.25% to 0.58% and the Net Profit Margin (Net Income/Net Sales) went from 32.73% to 3.28% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 258.72% compared to 264.85% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.57 to 7.04 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |

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2011 Y (non-cons) |
2010 Y (non-cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Total Assets |
321,474 |
277,171 |
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Current Assets |
59,568 |
48,081 |
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Total Liabilities |
237,390 |
199,905 |
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Shareholders Equity |
84,084 |
77,266 |
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Current Liabilities |
34,781 |
6,833 |
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| * All the accounts are in TND. | ||
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Total Operating Revenue |
73,420 |
49,002 |
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Net Profit (Loss) |
13,218 |
1,609 |
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| * All the accounts are in TND. | ||
| Profitability Ratios | ||
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Return on Assets (ROA) |
4.11% |
0.58% |
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Annualised Return on Assets (ROA) |
4.11% |
0.58% |
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Return on Equity (ROE) |
15.72% |
2.08% |
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Annualised Return on Equity (ROE) |
17.11% |
2.33% |
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Return on Sales (ROS) |
18% |
3.28% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
2.53x |
2.23x |
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Current asset turnover |
1.23x |
1.02x |
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Fixed-asset turnover |
0.28x |
0.21x |
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Asset Turnover |
0.23x |
0.18x |
| Valuation figures and ratios | ||
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Enterprise value |
519,877 |
536,820 |
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Bookvalue (BV) |
84,084 |
77,266 |
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Net Cash |
-231,877 |
-196,820 |
| Liquidity Ratios | ||
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Current Ratio |
171.26% |
703.59% |
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Quick ratio |
171.26% |
703.59% |
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Doom's day ratio |
15.85% |
45.14% |
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Cash Flow to Debt |
0% |
3.6% |
| Leverage Ratios | ||
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Leverage ratio |
382.32% |
358.72% |
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Debt to equity |
282.32% |
258.72% |
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Debt to total assets |
73.84% |
72.12% |
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Long Term Debt to Capital |
70.67% |
71.42% |
| Market ratios | ||
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Market Cap / Net cash |
-1.24 |
-1.73 |
| Trend Ratios | ||
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Revenue Trend |
149.83% |
101.64% |
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Net Income Trend |
821.48% |
10.2% |
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