Financials C & I Leasing Plc

Equities

CILEASING

NGCILEASING2

Corporate Financial Services

End-of-day quote Nigerian S.E. 23:00:00 16/05/2024 BST 5-day change 1st Jan Change
3.47 NGN 0.00% Intraday chart for C & I Leasing Plc -0.86% +3.27%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 2,086 2,878 2,385 4,065 3,283 2,501
Enterprise Value (EV) 1 29,764 34,602 37,376 38,172 36,022 36,760
P/E ratio 1.96 x 8.74 x 8.06 x 13.1 x -134 x 11.8 x
Yield - 4.21% - 0.96% - -
Capitalization / Revenue 0.1 x 0.11 x 0.08 x 0.22 x 0.19 x 0.15 x
EV / Revenue 1.41 x 1.29 x 1.19 x 2.06 x 2.08 x 2.14 x
EV / EBITDA 5.85 x 6.16 x 6.08 x 6.56 x 6.88 x 7.13 x
EV / FCF -7.07 x -6.24 x -13.6 x -42.2 x 12.1 x -35.8 x
FCF Yield -14.1% -16% -7.37% -2.37% 8.23% -2.8%
Price to Book 0.24 x 0.25 x 0.21 x 0.32 x 0.25 x 0.16 x
Nbr of stocks (in thousands) 673,754 673,754 673,753 1,302,744 1,302,744 1,302,744
Reference price 2 3.096 4.272 3.540 3.120 2.520 1.920
Announcement Date 27/03/18 31/05/19 08/07/20 17/04/21 26/09/22 10/10/23
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 21,109 26,924 31,404 18,550 17,324 17,146
EBITDA 1 5,089 5,620 6,152 5,820 5,233 5,158
EBIT 1 4,937 5,414 5,921 5,624 5,067 5,068
Operating Margin 23.39% 20.11% 18.85% 30.32% 29.25% 29.55%
Earnings before Tax (EBT) 1 1,262 1,540 1,013 490.1 541.9 1,015
Net income 1 1,065 1,133 1,019 310.5 -24.43 481.8
Net margin 5.04% 4.21% 3.25% 1.67% -0.14% 2.81%
EPS 2 1.580 0.4885 0.4394 0.2383 -0.0188 0.1634
Free Cash Flow 1 -4,211 -5,550 -2,754 -905.6 2,966 -1,028
FCF margin -19.95% -20.61% -8.77% -4.88% 17.12% -6%
FCF Conversion (EBITDA) - - - - 56.67% -
FCF Conversion (Net income) - - - - - -
Dividend per Share - 0.1800 - 0.0300 - -
Announcement Date 27/03/18 31/05/19 08/07/20 17/04/21 26/09/22 10/10/23
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 27,678 31,724 34,991 34,108 32,739 34,258
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.439 x 5.644 x 5.687 x 5.86 x 6.256 x 6.642 x
Free Cash Flow 1 -4,211 -5,550 -2,754 -906 2,966 -1,028
ROE (net income / shareholders' equity) 12.8% 11.4% 7.96% 2.77% 0.23% 3.78%
ROA (Net income/ Total Assets) 7.4% 6.93% 6.8% 6.27% 5.55% 5.47%
Assets 1 14,384 16,340 14,991 4,955 -440.1 8,814
Book Value Per Share 2 13.10 17.10 17.10 9.830 9.970 12.20
Cash Flow per Share 2 1.840 2.540 2.950 1.090 2.450 0.8900
Capex 1 7,945 7,530 3,986 5,374 69.6 2,682
Capex / Sales 37.64% 27.97% 12.69% 28.97% 0.4% 15.64%
Announcement Date 27/03/18 31/05/19 08/07/20 17/04/21 26/09/22 10/10/23
1NGN in Million2NGN
Estimates
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