Financials Consolidated Hallmark Holdings Plc

Equities

CONHALLPLC

NGCONHALLPL3

Property & Casualty Insurance

End-of-day quote Nigerian S.E. 23:00:00 08/05/2024 BST 5-day change 1st Jan Change
1.42 NGN +3.65% Intraday chart for Consolidated Hallmark Holdings Plc +9.23% -3.40%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 3,000 2,660 3,171 2,775 8,564 7,263
Enterprise Value (EV) 1 1,079 -221.3 1,463 -393.9 5,762 6,273
P/E ratio 7.39 x 6.56 x 5.28 x 4.64 x 10.8 x 7.29 x
Yield 4.01% 5.28% - 6.25% 2.53% 4.48%
Capitalization / Revenue 0.62 x 0.46 x 0.48 x 0.37 x 1.1 x 0.81 x
EV / Revenue 0.22 x -0.04 x 0.22 x -0.05 x 0.74 x 0.7 x
EV / EBITDA 1.57 x -0.34 x 1.58 x -0.46 x 6.63 x 6.66 x
EV / FCF -1.36 x -0.31 x 6.26 x -1.12 x 26.8 x 3.3 x
FCF Yield -73.7% -322% 16% -89.2% 3.74% 30.3%
Price to Book 0.64 x 0.5 x 0.48 x 0.42 x 0.95 x 0.74 x
Nbr of stocks (in thousands) 6,400,000 7,466,667 8,672,000 8,672,000 10,840,000 10,840,000
Reference price 2 0.4687 0.3562 0.3656 0.3200 0.7900 0.6700
Announcement Date 05/04/18 29/03/19 01/04/20 26/02/21 09/04/22 31/03/23
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 4,847 5,723 6,541 7,513 7,782 8,951
EBITDA 1 685.5 660.5 925.5 864 868.7 941.9
EBIT 1 594.7 555.8 817.2 758.7 750.5 794.9
Operating Margin 12.27% 9.71% 12.49% 10.1% 9.64% 8.88%
Earnings before Tax (EBT) 1 641.1 534.4 711.5 772.6 971.7 1,408
Net income 1 406.2 406.7 600.3 678 790.6 996
Net margin 8.38% 7.11% 9.18% 9.02% 10.16% 11.13%
EPS 2 0.0635 0.0543 0.0692 0.0690 0.0729 0.0919
Free Cash Flow 1 -795.1 713.3 233.8 351.4 215.4 1,898
FCF margin -16.4% 12.46% 3.57% 4.68% 2.77% 21.21%
FCF Conversion (EBITDA) - 108% 25.27% 40.67% 24.79% 201.56%
FCF Conversion (Net income) - 175.38% 38.95% 51.83% 27.24% 190.61%
Dividend per Share 2 0.0188 0.0188 - 0.0200 0.0200 0.0300
Announcement Date 05/04/18 29/03/19 01/04/20 26/02/21 09/04/22 31/03/23
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 1,921 2,881 1,707 3,169 2,801 989
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -795 713 234 351 215 1,898
ROE (net income / shareholders' equity) 8.94% 7.49% 9.39% 9.08% 9.12% 10.6%
ROA (Net income/ Total Assets) 4.39% 3.42% 4.53% 3.64% 3.13% 2.9%
Assets 1 9,253 11,890 13,260 18,626 25,273 34,298
Book Value Per Share 2 0.7300 0.7100 0.7600 0.7700 0.8300 0.9100
Cash Flow per Share 2 0.3000 0.3400 0.2000 0.2900 0.2600 0.1500
Capex 1 98.4 132 99.6 146 110 136
Capex / Sales 2.03% 2.3% 1.52% 1.95% 1.42% 1.52%
Announcement Date 05/04/18 29/03/19 01/04/20 26/02/21 09/04/22 31/03/23
1NGN in Million2NGN
Estimates
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