Financials Nigerian Enamelware Plc

Equities

ENAMELWA

NGENAMELWA03

Non-Paper Containers & Packaging

End-of-day quote Nigerian S.E. 23:00:00 30/06/2024 BST 5-day change 1st Jan Change
19.3 NGN 0.00% Intraday chart for Nigerian Enamelware Plc 0.00% 0.00%

Valuation

Fiscal Period: April 2018 2019 2020 2021 2022 2023
Capitalization 1 1,680 1,680 1,680 1,513 1,232 1,350
Enterprise Value (EV) 1 2,509 2,178 1,678 1,510 1,225 -70.4
P/E ratio -504 x -6.95 x -4.79 x -5.49 x -2.86 x 0.8 x
Yield - - - - - -
Capitalization / Revenue 1.02 x 2.27 x 3.37 x 5.08 x 3.47 x 5.94 x
EV / Revenue 1.52 x 2.94 x 3.37 x 5.07 x 3.45 x -0.31 x
EV / EBITDA 7.56 x -24 x -6.51 x -7.52 x -17.6 x 2.51 x
EV / FCF 1.07 x 5.98 x 3.09 x 13.8 x 3.47 x 0.12 x
FCF Yield 93.4% 16.7% 32.3% 7.23% 28.8% 850%
Price to Book 1.18 x 1.42 x 2.03 x 2.72 x 8.51 x 0.74 x
Nbr of stocks (in thousands) 76,032 76,032 76,032 76,032 76,032 76,032
Reference price 2 22.10 22.10 22.10 19.90 16.20 17.75
Announcement Date 26/07/18 29/07/19 29/07/21 29/07/21 28/07/22 07/08/23
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: April 2018 2019 2020 2021 2022 2023
Net sales 1 1,651 740.2 497.9 297.7 354.8 227.3
EBITDA 1 331.9 -90.8 -257.6 -200.9 -69.58 -28.02
EBIT 1 283.7 -139.1 -309.4 -252.6 -121.2 -79.68
Operating Margin 17.18% -18.79% -62.13% -84.85% -34.17% -35.06%
Earnings before Tax (EBT) 1 -8.482 -238.9 -341.9 -289.4 -443.8 2,571
Net income 1 -3.333 -241.6 -350.8 -275.5 -431.2 1,686
Net margin -0.2% -32.64% -70.45% -92.56% -121.54% 741.77%
EPS 2 -0.0438 -3.180 -4.614 -3.624 -5.672 22.18
Free Cash Flow 1 2,344 364.4 542.5 109.2 353.1 -598.7
FCF margin 141.96% 49.23% 108.96% 36.69% 99.51% -263.39%
FCF Conversion (EBITDA) 706.08% - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 26/07/18 29/07/19 29/07/21 29/07/21 28/07/22 07/08/23
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: April 2018 2019 2020 2021 2022 2023
Net Debt 1 829 498 - - - -
Net Cash position 1 - - 2.62 3.1 6.75 1,420
Leverage (Debt/EBITDA) 2.497 x -5.482 x - - - -
Free Cash Flow 1 2,344 364 543 109 353 -599
ROE (net income / shareholders' equity) -0.23% -18.5% -34.8% -39.7% -123% 171%
ROA (Net income/ Total Assets) 3.41% -1.94% -6.35% -9.82% -1.68% -0.95%
Assets 1 -97.79 12,450 5,525 2,806 25,691 -176,828
Book Value Per Share 2 18.70 15.50 10.90 7.310 1.900 24.10
Cash Flow per Share 2 0.6800 0.1400 0.0300 0.0400 0.0900 18.70
Capex - - 68.9 - - -
Capex / Sales - - 13.85% - - -
Announcement Date 26/07/18 29/07/19 29/07/21 29/07/21 28/07/22 07/08/23
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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