Financials Livestock Feeds Plc

Equities

LIVESTOCK

NGLIVESTOCK5

Fishing & Farming

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1.66 NGN +9.93% Intraday chart for Livestock Feeds Plc +14.48% -10.27%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,470 1,500 4,170 6,450 3,270 5,550
Enterprise Value (EV) 1 2,832 2,395 6,049 13,542 6,350 15,197
P/E ratio -2.33 x 14.1 x 8.29 x 15 x -3.98 x -24.1 x
Yield - - - - - -
Capitalization / Revenue 0.19 x 0.15 x 0.37 x 0.44 x 0.2 x 0.27 x
EV / Revenue 0.36 x 0.24 x 0.54 x 0.92 x 0.39 x 0.74 x
EV / EBITDA -13.9 x 6.37 x 7.85 x 13.1 x 27.8 x 24.2 x
EV / FCF 3.92 x 5.61 x -5.08 x -2.53 x 1.45 x -2.37 x
FCF Yield 25.5% 17.8% -19.7% -39.5% 69.1% -42.3%
Price to Book 1 x 0.96 x 2.01 x 2.58 x 1.95 x 3.83 x
Nbr of stocks (in thousands) 2,999,999 2,999,999 2,999,999 2,999,999 2,999,999 2,999,999
Reference price 2 0.4900 0.5000 1.390 2.150 1.090 1.850
Announcement Date 3/29/19 4/7/20 4/1/21 3/31/22 4/1/23 3/29/24
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 7,834 9,955 11,179 14,640 16,410 20,410
EBITDA 1 -204.2 375.7 770.8 1,036 228.7 626.8
EBIT 1 -383.1 202.8 616.5 870.8 68.26 458.6
Operating Margin -4.89% 2.04% 5.51% 5.95% 0.42% 2.25%
Earnings before Tax (EBT) 1 -761.2 112.6 546.1 565.1 -781.4 -126.8
Net income 1 -620.3 106.4 503.2 429.7 -822.2 -230
Net margin -7.92% 1.07% 4.5% 2.94% -5.01% -1.13%
EPS 2 -0.2100 0.0355 0.1677 0.1432 -0.2741 -0.0767
Free Cash Flow 1 721.8 426.8 -1,190 -5,344 4,385 -6,424
FCF margin 9.21% 4.29% -10.64% -36.5% 26.72% -31.48%
FCF Conversion (EBITDA) - 113.59% - - 1,917.83% -
FCF Conversion (Net income) - 401.3% - - - -
Dividend per Share - - - - - -
Announcement Date 3/29/19 4/7/20 4/1/21 3/31/22 4/1/23 3/29/24
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,362 895 1,879 7,092 3,080 9,647
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -6.668 x 2.381 x 2.437 x 6.844 x 13.47 x 15.39 x
Free Cash Flow 1 722 427 -1,190 -5,344 4,385 -6,424
ROE (net income / shareholders' equity) -34.8% 7.01% 27.6% 18.8% -39.3% -14.7%
ROA (Net income/ Total Assets) -5.2% 3.18% 7.33% 6.29% 0.47% 2.75%
Assets 1 11,924 3,347 6,862 6,830 -176,215 -8,360
Book Value Per Share 2 0.4900 0.5200 0.6900 0.8300 0.5600 0.4800
Cash Flow per Share 2 0.0500 0.0200 0.0300 0.1100 0.1600 0.2000
Capex 1 103 40 132 131 249 454
Capex / Sales 1.31% 0.4% 1.18% 0.89% 1.52% 2.22%
Announcement Date 3/29/19 4/7/20 4/1/21 3/31/22 4/1/23 3/29/24
1NGN in Million2NGN
Estimates
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