Projected Income Statement: Presco Plc

Forecast Balance Sheet: Presco Plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 - - - - -110,814 -856 -66,088 -155,438
Change - - - - - 99.23% -7,620.56% -135.2%
Announcement Date 1/30/22 1/31/23 1/31/24 2/3/25 1/31/26 - - -
1NGN in Million
Estimates

Cash Flow Forecast: Presco Plc

Fiscal Period: December 2025 2026 2027 2028
CAPEX 1 40,713 37,806 43,728 50,443
Change - -7.14% 15.67% 15.36%
Free Cash Flow (FCF) 1 105,460 104,595 115,038 153,612
Change - -0.82% 9.98% 33.53%
Announcement Date 1/31/26 - - -
1NGN in Million
Estimates

Forecast Financial Ratios: Presco Plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 51.76% 40.14% - 72.48% 68.12% 63.29% 59.44% 50.95%
EBIT Margin (%) 46.55% - - 69.7% 64.73% 56.36% 53.71% 46.75%
EBT Margin (%) 50.28% - - 64.62% - 55.9% 55.75% -
Net margin (%) 39.95% - - 49.44% - 36.89% 36.23% -
FCF margin (%) - - - - 31.84% 30.48% 28.33% 28.51%
FCF / Net Income (%) - - - - - 82.62% 78.18% -

Profitability

        
ROA 17.04% - - 33% 21.11% 13.8% 16.6% 19.1%
ROE 42.98% - - 60% 49.32% 24.9% 25.5% 28.3%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) - - - - 12.29% 11.02% 10.77% 9.36%
CAPEX / EBITDA (%) - - - - 18.05% 17.41% 18.11% 18.37%
CAPEX / FCF (%) - - - - 38.61% 36.14% 38.01% 32.84%

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 7.6 - 26.3 42 61.71 37.6 45.18 59.92
Change - - - 59.7% 46.94% -39.07% 20.16% 32.63%
Book Value Per Share 1 46.92 - - - 415 441.8 521.8 629.6
Change - - - - - 6.44% 18.13% 20.65%
EPS 1 18.87 21.47 30.42 104.3 - 108.5 126.1 -
Change - 13.78% 41.69% 242.8% - - 16.22% -
Nbr of stocks (in thousands) 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,166,667 1,166,667 1,166,667
Announcement Date 1/30/22 1/31/23 1/31/24 2/3/25 1/31/26 - - -
1NGN
Estimates
2026 *2027 *
P/E 18.9x 16.3x
PBR 4.65x 3.94x
EV / Sales 6.99x 5.74x
Yield 1.83% 2.2%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
-
Global
-
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
2,055.30NGN
Average target price
1,844.29NGN
Spread / Average Target
-10.27%

Annual profits - Rate of surprise