Financials Fidson Healthcare Plc

Equities

FIDSON

NGFIDSON0006

Pharmaceuticals

End-of-day quote Nigerian S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
14.35 NGN 0.00% Intraday chart for Fidson Healthcare Plc -9.75% -18.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,425 6,468 9,389 12,977 20,655 40,162
Enterprise Value (EV) 1 14,786 13,627 17,363 21,992 33,430 57,931
P/E ratio -76.2 x 15.9 x 7.79 x 3.49 x 4.93 x 11.1 x
Yield 3.03% 4.84% 5.56% 8.04% 6.11% 3.43%
Capitalization / Revenue 0.46 x 0.46 x 0.51 x 0.42 x 0.51 x 0.76 x
EV / Revenue 0.91 x 0.97 x 0.95 x 0.71 x 0.82 x 1.09 x
EV / EBITDA 5.34 x 4.63 x 4.57 x 3.4 x 4 x 5.54 x
EV / FCF -5.97 x -8.58 x -8.07 x -20.7 x -7.08 x -14.3 x
FCF Yield -16.8% -11.6% -12.4% -4.83% -14.1% -6.99%
Price to Book 1.04 x 0.67 x 0.89 x 0.94 x 1.22 x 2.08 x
Nbr of stocks (in thousands) 1,650,000 2,294,996 2,294,996 2,294,996 2,294,996 2,294,996
Reference price 2 4.500 2.818 4.091 5.655 9.000 17.50
Announcement Date 3/31/19 5/21/20 3/31/21 4/1/22 4/1/23 4/3/24
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 16,230 14,062 18,276 30,861 40,634 53,050
EBITDA 1 2,770 2,942 3,796 6,474 8,352 10,458
EBIT 1 2,029 2,244 3,089 5,779 7,454 9,249
Operating Margin 12.5% 15.96% 16.9% 18.73% 18.35% 17.43%
Earnings before Tax (EBT) 1 160.9 575.7 1,773 4,718 5,781 5,917
Net income 1 -97.45 407.2 1,205 3,720 4,187 3,608
Net margin -0.6% 2.9% 6.59% 12.05% 10.3% 6.8%
EPS 2 -0.0591 0.1774 0.5251 1.621 1.824 1.572
Free Cash Flow 1 -2,477 -1,587 -2,150 -1,061 -4,720 -4,050
FCF margin -15.26% -11.29% -11.77% -3.44% -11.61% -7.63%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.1364 0.1364 0.2273 0.4545 0.5500 0.6000
Announcement Date 3/31/19 5/21/20 3/31/21 4/1/22 4/1/23 4/3/24
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 7,361 7,159 7,974 9,015 12,775 17,769
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.658 x 2.433 x 2.101 x 1.392 x 1.53 x 1.699 x
Free Cash Flow 1 -2,477 -1,587 -2,150 -1,061 -4,720 -4,050
ROE (net income / shareholders' equity) -1.32% 4.85% 12% 30.6% 27.3% 19.9%
ROA (Net income/ Total Assets) 6.69% 6.87% 8.12% 12% 12.2% 11%
Assets 1 -1,457 5,929 14,847 31,077 34,190 32,755
Book Value Per Share 2 4.340 4.190 4.590 5.990 7.370 8.410
Cash Flow per Share 2 0.3300 0.1300 1.400 0.8500 0.9200 4.700
Capex 1 536 531 1,985 2,646 6,614 4,446
Capex / Sales 3.3% 3.77% 10.86% 8.57% 16.28% 8.38%
Announcement Date 3/31/19 5/21/20 3/31/21 4/1/22 4/1/23 4/3/24
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
14.35 NGN
Average target price
22.47 NGN
Spread / Average Target
+56.59%
Consensus

Chiffre d''affaires - Rate of surprise

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