Financials Guaranty Trust Holding Company Plc

Equities

GTCO

NGGTCO000002

Banks

End-of-day quote Nigerian S.E. 06:00:00 2024-06-09 pm EDT 5-day change 1st Jan Change
40 NGN +0.13% Intraday chart for Guaranty Trust Holding Company Plc 0.00% -1.23%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 825,211 740,797 569,240 490,019 862,860 852,207 - -
Enterprise Value (EV) 1 825,211 740,797 569,240 490,019 862,860 852,207 852,207 852,207
P/E ratio 4.27 x 4.55 x 4.26 x 3.87 x 2.12 x 1.53 x 2.25 x 0.31 x
Yield 9.43% 9.27% 11.5% 13% - 8.44% 12.4% 14.1%
Capitalization / Revenue 2.25 x 1.84 x 1.45 x 1.07 x - 0.63 x 0.61 x 0.53 x
EV / Revenue 2.25 x 1.84 x 1.45 x 1.07 x - 0.63 x 0.61 x 0.53 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.24 x 1.14 x 0.89 x 0.74 x - 0.63 x 0.54 x 0.45 x
Nbr of stocks (in thousands) 27,784,888 22,899,430 21,893,831 21,305,181 21,305,181 21,305,181 - -
Reference price 2 29.70 32.35 26.00 23.00 40.50 40.00 40.00 40.00
Announcement Date 3/2/20 3/19/21 3/7/22 4/17/23 4/9/24 - - -
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 367,490 401,916 393,056 459,983 - 1,363,078 1,405,986 1,597,581
EBITDA - - - - - - - -
EBIT 1 236,519 254,477 230,029 226,141 712,262 988,063 922,023 1,075,538
Operating Margin 64.36% 63.32% 58.52% 49.16% - 72.49% 65.58% 67.32%
Earnings before Tax (EBT) 1 231,708 238,095 221,500 214,200 609,308 806,073 815,662 953,882
Net income 1 195,382 199,609 172,107 166,737 534,425 768,720 611,194 700,863
Net margin 53.17% 49.66% 43.79% 36.25% - 56.4% 43.47% 43.87%
EPS 2 6.960 7.110 6.100 5.950 19.07 26.12 17.80 129.2
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 2.800 3.000 3.000 3.000 - 3.375 4.958 5.637
Announcement Date 3/2/20 3/19/21 3/7/22 4/17/23 4/9/24 - - -
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 37.4% 27.1% 20.6% 18.8% - 39.4% 28.6% 25.8%
ROA (Net income/ Total Assets) 6.58% 4.59% 3.4% 2.81% - 6.05% 4.47% 4.23%
Assets 1 2,970,798 4,351,786 5,061,976 5,941,306 - 12,706,116 13,683,438 16,555,832
Book Value Per Share 2 24.00 28.40 29.40 31.00 - 63.00 73.50 88.40
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/2/20 3/19/21 3/7/22 4/17/23 4/9/24 - - -
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
40 NGN
Average target price
61.59 NGN
Spread / Average Target
+53.97%
Consensus

Annual profits - Rate of surprise

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