Financials CWG Plc

Equities

CWG

NGCWG0000002

IT Services & Consulting

End-of-day quote Nigerian S.E. 23:00:00 30/05/2024 BST 5-day change 1st Jan Change
5.85 NGN -.--% Intraday chart for CWG Plc -2.50% -29.52%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,413 6,413 6,413 2,828 2,550 20,956
Enterprise Value (EV) 1 6,768 6,770 5,898 2,137 3,493 21,574
P/E ratio -5.59 x 88.2 x 14.5 x 6.29 x 5.35 x 36.4 x
Yield - - - - 3.96% 1.93%
Capitalization / Revenue 0.83 x 0.67 x 0.55 x 0.24 x 0.18 x 0.89 x
EV / Revenue 0.87 x 0.71 x 0.5 x 0.18 x 0.25 x 0.92 x
EV / EBITDA -8.6 x 56.4 x 8.57 x 2.6 x 3.09 x 14.3 x
EV / FCF -14.3 x -67.8 x 11.2 x 14.1 x -2.82 x 52.2 x
FCF Yield -6.99% -1.47% 8.96% 7.09% -35.4% 1.92%
Price to Book 55.9 x 33.4 x 11.4 x 2.67 x 1.73 x 9.34 x
Nbr of stocks (in thousands) 2,524,826 2,524,826 2,524,826 2,524,826 2,524,826 2,524,826
Reference price 2 2.540 2.540 2.540 1.120 1.010 8.300
Announcement Date 30/04/19 22/05/20 31/03/21 31/03/22 28/03/24 28/03/24
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 7,755 9,567 11,716 11,709 14,207 23,529
EBITDA 1 -787.2 120 688.3 821.9 1,132 1,508
EBIT 1 -934 11.92 568.3 736 987.1 1,330
Operating Margin -12.04% 0.12% 4.85% 6.29% 6.95% 5.65%
Earnings before Tax (EBT) 1 -1,115 634 547.3 616.4 741.4 1,132
Net income 1 -1,146 72.74 443.2 449.6 476.8 576.1
Net margin -14.78% 0.76% 3.78% 3.84% 3.36% 2.45%
EPS 2 -0.4540 0.0288 0.1755 0.1781 0.1888 0.2282
Free Cash Flow 1 -472.8 -99.84 528.3 151.5 -1,238 413.5
FCF margin -6.1% -1.04% 4.51% 1.29% -8.71% 1.76%
FCF Conversion (EBITDA) - - 76.76% 18.43% - 27.42%
FCF Conversion (Net income) - - 119.22% 33.69% - 71.78%
Dividend per Share - - - - 0.0400 0.1600
Announcement Date 30/04/19 22/05/20 31/03/21 31/03/22 28/03/24 28/03/24
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 355 357 - - 943 618
Net Cash position 1 - - 515 691 - -
Leverage (Debt/EBITDA) -0.4505 x 2.973 x - - 0.8329 x 0.4096 x
Free Cash Flow 1 -473 -99.8 528 151 -1,238 414
ROE (net income / shareholders' equity) -136% 47.5% 118% 55.6% 37.7% 31%
ROA (Net income/ Total Assets) -5.12% 0.08% 4.33% 5.59% 5.38% 5.14%
Assets 1 22,394 91,155 10,228 8,049 8,868 11,211
Book Value Per Share 2 0.0500 0.0800 0.2200 0.4200 0.5800 0.8900
Cash Flow per Share 2 0.0600 0.0600 0.3300 0.3600 0.3700 0.7100
Capex 1 90.3 181 69 137 240 241
Capex / Sales 1.16% 1.9% 0.59% 1.17% 1.69% 1.02%
Announcement Date 30/04/19 22/05/20 31/03/21 31/03/22 28/03/24 28/03/24
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA