Financials Neimeth International Pharmaceuticals Plc

Equities

NEIMETH

NGNEIMETH001

Pharmaceuticals

End-of-day quote Nigerian S.E. 23:00:00 15/05/2024 BST 5-day change 1st Jan Change
1.85 NGN 0.00% Intraday chart for Neimeth International Pharmaceuticals Plc 0.00% -4.64%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,347 1,177 4,235 3,324 2,716 8,290
Enterprise Value (EV) 1 2,125 2,056 5,825 4,344 5,913 10,342
P/E ratio 7.32 x 5.35 x 19.9 x 12.3 x -8.36 x -3.21 x
Yield - - 2.91% 4% - -
Capitalization / Revenue 0.59 x 0.5 x 1.49 x 1.09 x 0.93 x 3.75 x
EV / Revenue 0.94 x 0.87 x 2.05 x 1.43 x 2.03 x 4.68 x
EV / EBITDA 5.79 x 3.76 x 8.42 x 6.62 x 61.6 x -19.1 x
EV / FCF 66.7 x -70.2 x -10.6 x -26.4 x - -25.6 x
FCF Yield 1.5% -1.42% -9.48% -3.79% - -3.91%
Price to Book 1.37 x 1.1 x 3.32 x 2.35 x 3.49 x 5.02 x
Nbr of stocks (in thousands) 1,899,157 1,899,157 1,899,157 1,899,157 1,899,157 4,273,105
Reference price 2 0.7091 0.6200 2.230 1.750 1.430 1.940
Announcement Date 18/12/18 23/12/19 30/12/20 29/12/21 31/03/23 31/01/24
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,269 2,371 2,839 3,047 2,919 2,210
EBITDA 1 366.8 547.6 691.8 656.7 96.02 -541.7
EBIT 1 265 444.1 581.1 548.7 -12.39 -619.4
Operating Margin 11.68% 18.73% 20.47% 18.01% -0.42% -28.03%
Earnings before Tax (EBT) 1 202.5 304.4 297.4 365.3 -310.4 -2,581
Net income 1 184 220.1 212.5 270.6 -325 -2,581
Net margin 8.11% 9.28% 7.48% 8.88% -11.13% -116.79%
EPS 2 0.0969 0.1159 0.1119 0.1425 -0.1711 -0.6039
Free Cash Flow 1 31.83 -29.3 -552.1 -164.8 - -404.1
FCF margin 1.4% -1.24% -19.45% -5.41% - -18.29%
FCF Conversion (EBITDA) 8.68% - - - - -
FCF Conversion (Net income) 17.3% - - - - -
Dividend per Share - - 0.0650 0.0700 - -
Announcement Date 18/12/18 23/12/19 30/12/20 29/12/21 31/03/23 31/01/24
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 778 879 1,590 1,021 3,197 2,052
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.121 x 1.605 x 2.298 x 1.554 x 33.3 x -3.788 x
Free Cash Flow 1 31.8 -29.3 -552 -165 - -404
ROE (net income / shareholders' equity) 20.6% 22.8% 18.1% 20.1% - -212%
ROA (Net income/ Total Assets) 7.22% 11% 7.9% 5.41% - -4.97%
Assets 1 2,549 2,008 2,690 5,001 - 51,941
Book Value Per Share 2 0.5200 0.5600 0.6700 0.7400 0.4100 0.3900
Cash Flow per Share 2 0.0200 0.0600 1.390 1.070 0.2400 0.5000
Capex 1 188 151 603 344 1,270 891
Capex / Sales 8.31% 6.36% 21.24% 11.29% 43.49% 40.32%
Announcement Date 18/12/18 23/12/19 30/12/20 29/12/21 31/03/23 31/01/24
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
SELL
Number of Analysts
1
Last Close Price
1.85 NGN
Average target price
1.75 NGN
Spread / Average Target
-5.41%
Consensus

Annual profits - Rate of surprise

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