CORONATION INSURANCE PLC |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.8 NGN | 0.00% |
|
+1.27% | +17.65% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,621 | 4,550 | 9,597 | 13,435 | 9,597 | 16,314 |
| Enterprise Value (EV) 1 | 2,733 | 3,501 | 7,271 | 6,401 | 3,779 | 8,156 |
| P/E ratio | 16 x | 21.2 x | 5.76 x | -5.19 x | -10.2 x | 8.94 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.62 x | 0.43 x | 0.92 x | 1.22 x | 0.84 x | 1 x |
| EV / Revenue | 0.3 x | 0.33 x | 0.7 x | 0.58 x | 0.33 x | 0.5 x |
| EV / EBITDA | -7.01 x | -11.8 x | 29.7 x | -2.81 x | 10.1 x | 7.73 x |
| EV / FCF | 0.81 x | -2.11 x | -8.91 x | 6.97 x | 9.7 x | -32.2 x |
| FCF Yield | 123% | -47.4% | -11.2% | 14.3% | 10.3% | -3.1% |
| Price to Book | 0.33 x | 0.25 x | 0.38 x | 0.62 x | 0.49 x | 0.67 x |
| Nbr of stocks (in thousands) | 13,382,738 | 13,382,738 | 23,991,680 | 23,991,904 | 23,991,680 | 23,991,680 |
| Reference price 2 | 0.4200 | 0.3400 | 0.4000 | 0.5600 | 0.4000 | 0.6800 |
| Announcement Date | 4/30/19 | 5/20/20 | 6/7/21 | 1/10/23 | 5/18/23 | 6/29/24 |
1NGN in Million2NGN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 9,006 | 10,648 | 10,439 | 11,052 | 11,429 | 16,316 |
| EBITDA 1 | -389.9 | -296.1 | 244.6 | -2,280 | 374.1 | 1,054 |
| EBIT 1 | -825.5 | -729.4 | -169.6 | -2,709 | 80.21 | 611.2 |
| Operating Margin | -9.17% | -6.85% | -1.62% | -24.51% | 0.7% | 3.75% |
| Earnings before Tax (EBT) 1 | 187.2 | 23.62 | 1,145 | -2,112 | -783.1 | 2,217 |
| Net income 1 | 351.2 | 214.3 | 1,202 | -2,583 | -935.1 | 1,819 |
| Net margin | 3.9% | 2.01% | 11.52% | -23.37% | -8.18% | 11.15% |
| EPS 2 | 0.0262 | 0.0160 | 0.0695 | -0.1080 | -0.0391 | 0.0760 |
| Free Cash Flow 1 | 3,364 | -1,658 | -815.7 | 917.7 | 389.8 | -253.2 |
| FCF margin | 37.35% | -15.57% | -7.81% | 8.3% | 3.41% | -1.55% |
| FCF Conversion (EBITDA) | - | - | - | - | 104.2% | - |
| FCF Conversion (Net income) | 957.86% | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/30/19 | 5/20/20 | 6/7/21 | 1/10/23 | 5/18/23 | 6/29/24 |
1NGN in Million2NGN
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 2,888 | 1,050 | 2,326 | 7,035 | 5,818 | 8,159 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 3,364 | -1,658 | -816 | 918 | 390 | -253 |
| ROE (net income / shareholders' equity) | 2% | 1.2% | 5.53% | -11.1% | -4.53% | 8.28% |
| ROA (Net income/ Total Assets) | -1.75% | -1.49% | -0.3% | -4.26% | 0.13% | 0.9% |
| Assets 1 | -20,070 | -14,365 | -399,654 | 60,659 | -722,632 | 201,862 |
| Book Value Per Share 2 | 1.280 | 1.380 | 1.040 | 0.9000 | 0.8200 | 1.020 |
| Cash Flow per Share 2 | 0.2200 | 0.0900 | 0.1000 | 0.2900 | 0.2400 | 0.3400 |
| Capex 1 | 171 | 198 | 430 | 419 | 468 | 852 |
| Capex / Sales | 1.9% | 1.86% | 4.12% | 3.79% | 4.09% | 5.22% |
| Announcement Date | 4/30/19 | 5/20/20 | 6/7/21 | 1/10/23 | 5/18/23 | 6/29/24 |
1NGN in Million2NGN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
0.8
NGN
Average target price
0.65
NGN
Spread / Average Target
-18.75%
| 1st Jan change | Capi. | |
|---|---|---|
| +17.65% | 12.3M | |
| +10.23% | 113B | |
| +14.31% | 108B | |
| +15.26% | 108B | |
| +9.62% | 77.59B | |
| +26.62% | 30.09B | |
| +11.60% | 20.3B | |
| +0.92% | 12.26B | |
| +6.49% | 11.14B | |
| +31.35% | 11.02B |
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