Financials Nascon Allied Industries Plc

Equities

NASCON

NGNASCON0005

Food Processing

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
52.55 NGN 0.00% Intraday chart for Nascon Allied Industries Plc 0.00% -2.23%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 47,690 34,310 38,417 34,973 29,409 142,407
Enterprise Value (EV) 1 44,707 37,120 38,756 30,949 24,541 125,793
P/E ratio 10.8 x 18.6 x 14.3 x 11.8 x 5.38 x 10.4 x
Yield 5.56% 3.09% 2.76% 3.03% 9.01% -
Capitalization / Revenue 1.85 x 1.25 x 1.37 x 1.05 x 0.5 x 1.76 x
EV / Revenue 1.73 x 1.35 x 1.38 x 0.93 x 0.42 x 1.56 x
EV / EBITDA 6.31 x 7.49 x 6.26 x 6.29 x 2.1 x 5.46 x
EV / FCF -9.78 x 73.1 x 12.9 x 10.6 x 14.3 x 8.05 x
FCF Yield -10.2% 1.37% 7.77% 9.39% 6.99% 12.4%
Price to Book 4.01 x 3.09 x 3.02 x 2.39 x 1.54 x 5.18 x
Nbr of stocks (in thousands) 2,702,427 2,702,427 2,702,427 2,702,427 2,702,427 2,649,438
Reference price 2 17.65 12.70 14.22 12.94 10.88 53.75
Announcement Date 3/22/19 3/23/20 2/25/21 3/2/23 3/2/23 3/4/24
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 25,769 27,488 28,010 33,280 58,786 80,828
EBITDA 1 7,087 4,959 6,187 4,923 11,704 23,043
EBIT 1 5,118 2,909 3,447 2,507 9,454 20,811
Operating Margin 19.86% 10.58% 12.3% 7.53% 16.08% 25.75%
Earnings before Tax (EBT) 1 6,449 2,769 3,907 4,238 8,374 20,588
Net income 1 4,420 1,845 2,690 2,971 5,469 13,728
Net margin 17.15% 6.71% 9.6% 8.93% 9.3% 16.98%
EPS 2 1.636 0.6828 0.9955 1.099 2.024 5.182
Free Cash Flow 1 -4,573 507.6 3,013 2,907 1,715 15,622
FCF margin -17.75% 1.85% 10.76% 8.74% 2.92% 19.33%
FCF Conversion (EBITDA) - 10.24% 48.7% 59.06% 14.65% 67.8%
FCF Conversion (Net income) - 27.51% 112% 97.86% 31.35% 113.8%
Dividend per Share 2 0.9804 0.3922 0.3922 0.3922 0.9804 -
Announcement Date 3/22/19 3/23/20 2/25/21 3/2/23 3/2/23 3/4/24
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 2,810 339 - - -
Net Cash position 1 2,983 - - 4,023 4,868 16,615
Leverage (Debt/EBITDA) - 0.5666 x 0.0549 x - - -
Free Cash Flow 1 -4,573 508 3,013 2,907 1,715 15,622
ROE (net income / shareholders' equity) 37.7% 16.1% 22.6% 21.7% 32.5% 59%
ROA (Net income/ Total Assets) 10.6% 5.27% 5.19% 3.69% 12.3% 18.7%
Assets 1 41,724 34,988 51,816 80,432 44,452 73,418
Book Value Per Share 2 4.400 4.100 4.710 5.410 7.050 10.40
Cash Flow per Share 2 0.9600 1.350 0.9600 2.610 4.810 9.670
Capex 1 4,427 5,538 4,038 1,203 1,291 1,878
Capex / Sales 17.18% 20.15% 14.42% 3.62% 2.2% 2.32%
Announcement Date 3/22/19 3/23/20 2/25/21 3/2/23 3/2/23 3/4/24
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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