Financials Smart Products Nigeria Plc

Equities

SMURFIT

NGSMURFIT002

Real Estate Development & Operations

End-of-day quote Nigerian S.E. 18:00:00 2024-06-09 EDT 5-day change 1st Jan Change
0.2 NGN 0.00% Intraday chart for Smart Products Nigeria Plc 0.00% 0.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2023
Capitalization 1 19.8 13.05 9 9 9.45
Enterprise Value (EV) 1 19.6 12.83 8.412 -6.01 -35.48
P/E ratio 1.67 x 2.4 x 1.22 x 1.21 x 1.43 x
Yield 34.1% 34.5% 50% 50% -
Capitalization / Revenue 0.4 x 0.26 x 0.18 x 0.16 x 0.17 x
EV / Revenue 0.4 x 0.26 x 0.17 x -0.11 x -0.63 x
EV / EBITDA 1.05 x 0.86 x 0.61 x -0.33 x -2.64 x
EV / FCF 7.58 x 0.81 x 0.58 x -0.23 x -9.97 x
FCF Yield 13.2% 123% 173% -426% -10%
Price to Book 0.2 x 0.15 x 0.1 x 0.09 x 0.08 x
Nbr of stocks (in thousands) 45,000 45,000 45,000 45,000 47,250
Reference price 2 0.4400 0.2900 0.2000 0.2000 0.2000
Announcement Date 4/24/19 6/30/20 4/26/21 4/4/22 5/9/24
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2023
Net sales 1 49.57 49.84 49.42 54.84 56.61
EBITDA 1 18.74 14.98 13.79 18.16 13.43
EBIT 1 15.16 11.05 9.791 13.76 7.283
Operating Margin 30.58% 22.18% 19.81% 25.09% 12.87%
Earnings before Tax (EBT) 1 15.07 7.989 9.688 9.127 7.283
Net income 1 11.84 5.431 7.385 7.435 6.585
Net margin 23.88% 10.9% 14.94% 13.56% 11.63%
EPS 2 0.2631 0.1207 0.1641 0.1652 0.1400
Free Cash Flow 1 2.585 15.78 14.55 25.58 3.558
FCF margin 5.22% 31.67% 29.45% 46.65% 6.28%
FCF Conversion (EBITDA) 13.79% 105.34% 105.55% 140.86% 26.49%
FCF Conversion (Net income) 21.83% 290.59% 197.06% 344.08% 54.03%
Dividend per Share 2 0.1500 0.1000 0.1000 0.1000 -
Announcement Date 4/24/19 6/30/20 4/26/21 4/4/22 5/9/24
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2023
Net Debt 1 - - - - -
Net Cash position 1 0.2 0.22 0.59 15 44.9
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow 1 2.59 15.8 14.6 25.6 3.56
ROE (net income / shareholders' equity) 12.3% 6.01% 8.1% 7.9% 5.96%
ROA (Net income/ Total Assets) 5.76% 4.12% 3.55% 4.82% 2.26%
Assets 1 205.4 131.9 207.8 154.2 291.9
Book Value Per Share 2 2.240 1.990 2.060 2.120 2.630
Cash Flow per Share 2 0 0 0.0100 0.3300 0.9600
Capex 1 2 - - 2.2 -
Capex / Sales 4.03% - - 4.01% -
Announcement Date 4/24/19 6/30/20 4/26/21 4/4/22 5/9/24
1NGN in Million2NGN
Estimates
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