Financials Custodian Investment Plc

Equities

CUSTODIAN

NGCUSTODYIN6

Multiline Insurance & Brokers

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
8.6 NGN 0.00% Intraday chart for Custodian Investment Plc -4.44% -4.44%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 22,880 33,233 35,291 34,409 46,467 34,997
Enterprise Value (EV) 1 14,986 21,496 25,973 27,562 31,811 15,131
P/E ratio 3.27 x 4.87 x 6.19 x 3.01 x 4.36 x 3.28 x
Yield 10.8% 7.96% 7.5% 9.4% 6.33% 10.9%
Capitalization / Revenue 0.77 x 1 x 0.74 x 0.47 x 1.04 x 0.49 x
EV / Revenue 0.5 x 0.65 x 0.55 x 0.38 x 0.71 x 0.21 x
EV / EBITDA 1.75 x 2.35 x 3.05 x 2.12 x 2.37 x 1.08 x
EV / FCF 1.14 x 37 x -21 x -0.34 x 1.35 x 2.03 x
FCF Yield 87.8% 2.7% -4.76% -297% 74% 49.4%
Price to Book 0.65 x 0.82 x 0.81 x 0.72 x 0.84 x 0.55 x
Nbr of stocks (in thousands) 5,881,866 5,881,866 5,881,866 5,881,866 5,881,864 5,881,866
Reference price 2 3.890 5.650 6.000 5.850 7.900 5.950
Announcement Date 3/22/18 3/27/19 2/28/20 3/14/22 3/14/22 3/17/23
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 29,738 33,286 47,444 72,516 44,625 71,025
EBITDA 1 8,544 9,135 8,530 12,972 13,412 13,987
EBIT 1 8,251 8,774 8,109 12,393 12,981 13,405
Operating Margin 27.74% 26.36% 17.09% 17.09% 29.09% 18.87%
Earnings before Tax (EBT) 1 8,933 9,501 8,070 13,686 12,322 13,776
Net income 1 7,026 6,818 5,733 11,417 10,660 10,673
Net margin 23.62% 20.48% 12.08% 15.74% 23.89% 15.03%
EPS 2 1.190 1.159 0.9700 1.941 1.812 1.815
Free Cash Flow 1 13,153 580.3 -1,237 -81,876 23,528 7,472
FCF margin 44.23% 1.74% -2.61% -112.91% 52.72% 10.52%
FCF Conversion (EBITDA) 153.94% 6.35% - - 175.43% 53.42%
FCF Conversion (Net income) 187.22% 8.51% - - 220.72% 70%
Dividend per Share 2 0.4200 0.4500 0.4500 0.5500 0.5000 0.6500
Announcement Date 3/22/18 3/27/19 2/28/20 3/14/22 3/14/22 3/17/23
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 7,895 11,737 9,318 6,847 14,656 19,866
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 13,153 580 -1,237 -81,876 23,528 7,472
ROE (net income / shareholders' equity) 22% 18.2% 13.9% 25% 16.7% 16.3%
ROA (Net income/ Total Assets) 6.92% 6.14% 4.69% 5.27% 4.5% 4.21%
Assets 1 101,500 111,078 122,245 216,793 236,926 253,308
Book Value Per Share 2 6.020 6.890 7.430 8.100 9.370 10.70
Cash Flow per Share 2 1.340 2.000 1.580 2.090 2.920 3.750
Capex 1 299 938 696 594 698 1,164
Capex / Sales 1.01% 2.82% 1.47% 0.82% 1.56% 1.64%
Announcement Date 3/22/18 3/27/19 2/28/20 3/14/22 3/14/22 3/17/23
1NGN in Million2NGN
Estimates
  1. Stock Market
  2. Equities
  3. CUSTODIAN Stock
  4. Financials Custodian Investment Plc