SFS REAL ESTATE INVESTMENT TRUST FUND |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 101.4 NGN | 0.00% |
|
0.00% | 0.00% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,900 | 1,710 | 1,386 | 1,358 | 1,540 | 2,027 |
| Enterprise Value (EV) 1 | 1,059 | 837.8 | 328.3 | 313.7 | 980.6 | 1,272 |
| P/E ratio | 12.4 x | 10.5 x | 7.91 x | 8.46 x | 8.25 x | 6.38 x |
| Yield | 7.37% | 8.54% | 11.7% | 10.7% | 11% | 14.3% |
| Capitalization / Revenue | 8.83 x | 7.73 x | 6.18 x | 5.84 x | 6.22 x | 6 x |
| EV / Revenue | 4.92 x | 3.79 x | 1.46 x | 1.35 x | 3.96 x | 3.76 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | 5.57 x | 11.8 x | 2.18 x | 1.75 x | 5.82 x | 7.86 x |
| FCF Yield | 17.9% | 8.48% | 45.9% | 57% | 17.2% | 12.7% |
| Price to Book | 0.81 x | 0.72 x | 0.58 x | 0.56 x | 0.63 x | 0.78 x |
| Nbr of stocks (in thousands) | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 |
| Reference price 2 | 95.00 | 85.50 | 69.30 | 67.90 | 77.00 | 101.4 |
| Announcement Date | 3/29/19 | 3/26/20 | 3/12/21 | 3/30/22 | 3/29/23 | 3/27/24 |
1NGN in Million2NGN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 215.3 | 221.3 | 224.4 | 232.6 | 247.8 | 337.8 |
| EBITDA | - | - | - | - | - | - |
| EBIT 1 | 157.4 | 163.8 | 160.3 | 167.7 | 193.7 | 267 |
| Operating Margin | 73.1% | 74.01% | 71.41% | 72.08% | 78.18% | 79.05% |
| Earnings before Tax (EBT) 1 | 152.8 | 162.1 | 175.1 | 160.5 | 186.6 | 317.5 |
| Net income 1 | 152.8 | 162.1 | 175.1 | 160.5 | 186.6 | 317.5 |
| Net margin | 70.99% | 73.24% | 78.03% | 69% | 75.32% | 94% |
| EPS 2 | 7.640 | 8.110 | 8.760 | 8.030 | 9.330 | 15.88 |
| Free Cash Flow 1 | 190 | 71.05 | 150.6 | 178.9 | 168.6 | 161.8 |
| FCF margin | 88.27% | 32.1% | 67.09% | 76.91% | 68.03% | 47.9% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | 124.34% | 43.83% | 85.97% | 111.46% | 90.33% | 50.95% |
| Dividend per Share 2 | 7.000 | 7.300 | 8.100 | 7.250 | 8.450 | 14.50 |
| Announcement Date | 3/29/19 | 3/26/20 | 3/12/21 | 3/30/22 | 3/29/23 | 3/27/24 |
1NGN in Million2NGN
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 841 | 872 | 1,058 | 1,044 | 559 | 755 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 190 | 71 | 151 | 179 | 169 | 162 |
| ROE (net income / shareholders' equity) | 6.48% | 6.85% | 7.32% | 6.67% | 7.7% | 12.6% |
| ROA (Net income/ Total Assets) | 3.64% | 3.76% | 3.61% | 3.68% | 4.16% | 5.33% |
| Assets 1 | 4,196 | 4,308 | 4,855 | 4,366 | 4,487 | 5,952 |
| Book Value Per Share 2 | 118.0 | 119.0 | 120.0 | 120.0 | 122.0 | 130.0 |
| Cash Flow per Share 2 | 2.430 | 2.680 | 6.710 | 17.90 | 28.00 | 37.80 |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 3/29/19 | 3/26/20 | 3/12/21 | 3/30/22 | 3/29/23 | 3/27/24 |
1NGN in Million2NGN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| 0.00% | 1.38M | |
| +6.23% | 28.24B | |
| +9.76% | 25.44B | |
| +3.93% | 21.71B | |
| +7.40% | 17.1B | |
| +2.44% | 16.09B | |
| -8.47% | 15.25B | |
| +2.25% | 13.47B | |
| +3.26% | 13.02B | |
| +7.26% | 11.35B |
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