End-of-day quote
Nigerian S.E.
06:00:00 2024-07-01 pm EDT
|
5-day change
|
1st Jan Change
|
656.7
NGN
|
0.00%
|
|
0.00%
|
+105.28%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,419,752
|
4,173,220
|
4,369,079
|
4,403,999
|
5,359,014
|
11,001,140
|
-
|
-
|
Enterprise Value (EV)
1 |
2,647,283
|
4,173,220
|
4,617,397
|
4,855,802
|
5,359,014
|
11,589,980
|
11,548,840
|
11,494,260
|
P/E ratio
|
12
x
|
15.2
x
|
12.1
x
|
11.7
x
|
-
|
15.7
x
|
11.9
x
|
11.1
x
|
Yield
|
11.3%
|
6.53%
|
7.78%
|
7.66%
|
9.38%
|
5.7%
|
6.69%
|
7.82%
|
Capitalization / Revenue
|
2.71
x
|
4.04
x
|
3.16
x
|
2.72
x
|
2.43
x
|
3.25
x
|
3.02
x
|
2.43
x
|
EV / Revenue
|
2.97
x
|
4.04
x
|
3.34
x
|
3
x
|
2.43
x
|
3.42
x
|
3.17
x
|
2.54
x
|
EV / EBITDA
|
6.69
x
|
8.73
x
|
6.74
x
|
6.86
x
|
6.05
x
|
9.13
x
|
7.99
x
|
6.3
x
|
EV / FCF
|
10.5
x
|
13.8
x
|
10.5
x
|
15.5
x
|
-
|
15.2
x
|
13.8
x
|
13.1
x
|
FCF Yield
|
9.49%
|
7.22%
|
9.49%
|
6.45%
|
-
|
6.58%
|
7.23%
|
7.63%
|
Price to Book
|
2.7
x
|
4.76
x
|
4.53
x
|
4.18
x
|
-
|
5.62
x
|
4.52
x
|
4.77
x
|
Nbr of stocks (in thousands)
|
17,040,507
|
17,040,507
|
17,000,307
|
16,873,559
|
16,752,155
|
16,752,155
|
-
|
-
|
Reference price
2 |
142.0
|
244.9
|
257.0
|
261.0
|
319.9
|
656.7
|
656.7
|
656.7
|
Announcement Date
|
2/26/20
|
3/23/21
|
3/1/22
|
2/27/23
|
3/1/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
891,671
|
1,034,196
|
1,383,637
|
1,618,323
|
2,208,090
|
3,384,855
|
3,637,782
|
4,517,966
|
EBITDA
1 |
395,427
|
478,122
|
684,595
|
708,238
|
886,129
|
1,269,291
|
1,445,970
|
1,825,504
|
EBIT
1 |
299,893
|
386,734
|
582,491
|
585,876
|
734,267
|
1,062,808
|
1,343,822
|
1,599,306
|
Operating Margin
|
33.63%
|
37.39%
|
42.1%
|
36.2%
|
33.25%
|
31.4%
|
36.94%
|
35.4%
|
Earnings before Tax (EBT)
1 |
250,479
|
-
|
538,366
|
524,002
|
553,104
|
897,929
|
1,250,035
|
1,515,151
|
Net income
1 |
200,500
|
-
|
361,008
|
375,988
|
445,214
|
673,261
|
876,722
|
1,009,975
|
Net margin
|
22.49%
|
-
|
26.09%
|
23.23%
|
20.16%
|
19.89%
|
24.1%
|
22.35%
|
EPS
2 |
11.79
|
16.14
|
21.24
|
22.27
|
-
|
41.85
|
55.12
|
59.01
|
Free Cash Flow
1 |
251,163
|
301,515
|
438,201
|
313,222
|
-
|
762,451
|
834,537
|
877,443
|
FCF margin
|
28.17%
|
29.15%
|
31.67%
|
19.35%
|
-
|
22.53%
|
22.94%
|
19.42%
|
FCF Conversion (EBITDA)
|
63.52%
|
63.06%
|
64.01%
|
44.23%
|
-
|
60.07%
|
57.71%
|
48.07%
|
FCF Conversion (Net income)
|
125.27%
|
-
|
121.38%
|
83.31%
|
-
|
113.25%
|
95.19%
|
86.88%
|
Dividend per Share
2 |
16.00
|
16.00
|
20.00
|
20.00
|
30.00
|
37.42
|
43.94
|
51.33
|
Announcement Date
|
2/26/20
|
3/23/21
|
3/1/22
|
2/27/23
|
3/1/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
227,531
|
-
|
248,318
|
451,803
|
-
|
588,840
|
547,700
|
493,120
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.5754
x
|
-
|
0.3627
x
|
0.6379
x
|
-
|
0.4639
x
|
0.3788
x
|
0.2701
x
|
Free Cash Flow
1 |
251,163
|
301,515
|
438,201
|
313,222
|
-
|
762,451
|
834,537
|
877,443
|
ROE (net income / shareholders' equity)
|
21.6%
|
31.3%
|
39.2%
|
37.2%
|
-
|
30.3%
|
36.3%
|
35.3%
|
ROA (Net income/ Total Assets)
|
11.7%
|
14.7%
|
16.4%
|
15%
|
13.6%
|
16.7%
|
19.6%
|
20.2%
|
Assets
1 |
1,714,188
|
-
|
2,207,231
|
2,503,832
|
3,277,189
|
4,025,479
|
4,484,510
|
4,999,878
|
Book Value Per Share
2 |
52.70
|
51.40
|
56.80
|
62.50
|
-
|
117.0
|
145.0
|
138.0
|
Cash Flow per Share
|
-
|
-
|
-
|
23.00
|
-
|
-
|
-
|
-
|
Capex
1 |
177,042
|
210,370
|
158,508
|
65,945
|
102,176
|
206,551
|
218,888
|
219,425
|
Capex / Sales
|
19.86%
|
20.34%
|
11.46%
|
4.07%
|
4.63%
|
6.1%
|
6.02%
|
4.86%
|
Announcement Date
|
2/26/20
|
3/23/21
|
3/1/22
|
2/27/23
|
3/1/24
|
-
|
-
|
-
|
Mean consensus UNDERPERFORM Last Close Price
656.7
NGN Average target price
468.9
NGN Spread / Average Target -28.60% Consensus |
1st Jan change
|
Capi.
|
---|
| +105.28% | 7.46B | | +18.81% | 48.76B | | +8.87% | 16.16B | | -15.21% | 13.49B | | -3.81% | 11.97B | | -3.30% | 7.78B | | +30.79% | 7.11B | | +5.69% | 7.26B | | -17.37% | 6.58B | | +25.93% | 6.24B |
Cement & Concrete Manufacturing
|