Financials Champion Breweries Plc

Equities

CHAMPION

NGCHAMPION00

Brewers

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
3.68 NGN 0.00% Intraday chart for Champion Breweries Plc +8.24% -11.33%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 15,581 7,438 6,733 18,399 43,062 32,492
Enterprise Value (EV) 1 15,395 6,736 6,266 16,067 41,398 31,639
P/E ratio -59.1 x 44.1 x 42.4 x 18.7 x 27.2 x 87.7 x
Yield - - - - - -
Capitalization / Revenue 3.5 x 1.19 x 1.07 x 1.92 x 3.85 x 2.78 x
EV / Revenue 3.46 x 1.08 x 0.99 x 1.68 x 3.7 x 2.71 x
EV / EBITDA 31.6 x 5.84 x 4.2 x 5.54 x 11.3 x 13.2 x
EV / FCF -299 x 15.5 x 37.2 x 13.5 x -27.5 x -34.8 x
FCF Yield -0.33% 6.44% 2.69% 7.42% -3.64% -2.87%
Price to Book 1.96 x 0.93 x 0.84 x 2 x 3.87 x 2.9 x
Nbr of stocks (in thousands) 7,829,496 7,829,496 7,829,496 7,829,496 7,829,496 7,829,496
Reference price 2 1.990 0.9500 0.8600 2.350 5.500 4.150
Announcement Date 3/21/19 3/3/20 3/8/21 3/2/22 4/16/23 4/5/24
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,452 6,226 6,302 9,559 11,196 11,677
EBITDA 1 486.9 1,154 1,490 2,900 3,656 2,404
EBIT 1 -223.8 240.8 461.4 1,738 2,177 480.9
Operating Margin -5.03% 3.87% 7.32% 18.18% 19.45% 4.12%
Earnings before Tax (EBT) 1 -209.6 241.5 436 1,753 2,249 445.3
Net income 1 -263.8 168.5 158.8 984.2 1,586 370.6
Net margin -5.93% 2.71% 2.52% 10.3% 14.17% 3.17%
EPS 2 -0.0337 0.0215 0.0203 0.1257 0.2026 0.0473
Free Cash Flow 1 -51.41 433.9 168.5 1,192 -1,506 -908.1
FCF margin -1.15% 6.97% 2.67% 12.47% -13.46% -7.78%
FCF Conversion (EBITDA) - 37.61% 11.3% 41.12% - -
FCF Conversion (Net income) - 257.47% 106.09% 121.15% - -
Dividend per Share - - - - - -
Announcement Date 3/21/19 3/3/20 3/8/21 3/2/22 4/16/23 4/5/24
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 186 702 468 2,332 1,665 853
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -51.4 434 168 1,192 -1,506 -908
ROE (net income / shareholders' equity) -3.28% 2.11% 1.98% 11.4% 15.3% 3.35%
ROA (Net income/ Total Assets) -1.36% 1.4% 2.58% 8.74% 9.4% 1.67%
Assets 1 19,405 12,017 6,154 11,259 16,867 22,196
Book Value Per Share 2 1.010 1.030 1.030 1.180 1.420 1.430
Cash Flow per Share 2 0.0200 0.0900 0.1300 0.3700 0.2800 0.3100
Capex 1 1,282 1,122 1,621 1,834 2,889 6,593
Capex / Sales 28.79% 18.02% 25.72% 19.18% 25.8% 56.46%
Announcement Date 3/21/19 3/3/20 3/8/21 3/2/22 4/16/23 4/5/24
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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