Financials Cutix Plc

Equities

CUTIX

NGCUTIX00002

Electrical Components & Equipment

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.85 NGN -5.00% Intraday chart for Cutix Plc -1.72% +21.28%

Valuation

Fiscal Period: April 2018 2019 2020 2021 2022 2023
Capitalization 1 2,475 3,258 2,131 3,893 8,595 7,926
Enterprise Value (EV) 1 3,008 3,832 3,068 5,327 9,575 9,107
P/E ratio 5.62 x 6.83 x 5.42 x 6.55 x 10.9 x 10 x
Yield 7.12% 6.76% 10.3% 6.79% 4.1% 5.33%
Capitalization / Revenue 0.49 x 0.6 x 0.42 x 0.58 x 1.09 x 0.86 x
EV / Revenue 0.59 x 0.71 x 0.61 x 0.79 x 1.22 x 0.98 x
EV / EBITDA 3.36 x 4.08 x 3.61 x 4.4 x 6.46 x 5.95 x
EV / FCF 16.9 x 266 x -17.6 x -20.8 x 17 x 487 x
FCF Yield 5.92% 0.38% -5.67% -4.82% 5.87% 0.21%
Price to Book 1.9 x 2.02 x 1.18 x 1.81 x 3.18 x 2.5 x
Nbr of stocks (in thousands) 3,522,644 3,522,644 3,522,644 3,522,644 3,522,644 3,522,644
Reference price 2 0.7025 0.9250 0.6050 1.105 2.440 2.250
Announcement Date 7/27/18 7/29/19 7/30/21 7/30/21 6/30/22 7/26/23
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: April 2018 2019 2020 2021 2022 2023
Net sales 1 5,057 5,434 5,026 6,750 7,868 9,248
EBITDA 1 895.9 940.2 850.6 1,211 1,481 1,530
EBIT 1 765.2 772.6 697 1,024 1,288 1,294
Operating Margin 15.13% 14.22% 13.87% 15.17% 16.37% 13.99%
Earnings before Tax (EBT) 1 661.6 679.3 585.5 899.8 1,158 1,192
Net income 1 440.3 477.1 393.1 594 786.3 790
Net margin 8.71% 8.78% 7.82% 8.8% 9.99% 8.54%
EPS 2 0.1250 0.1354 0.1116 0.1686 0.2232 0.2243
Free Cash Flow 1 178.1 14.42 -174 -256.7 561.7 18.72
FCF margin 3.52% 0.27% -3.46% -3.8% 7.14% 0.2%
FCF Conversion (EBITDA) 19.88% 1.53% - - 37.91% 1.22%
FCF Conversion (Net income) 40.45% 3.02% - - 71.43% 2.37%
Dividend per Share 2 0.0500 0.0625 0.0625 0.0750 0.1000 0.1200
Announcement Date 7/27/18 7/29/19 7/30/21 7/30/21 6/30/22 7/26/23
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: April 2018 2019 2020 2021 2022 2023
Net Debt 1 533 574 937 1,434 980 1,181
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.5951 x 0.6102 x 1.102 x 1.185 x 0.6612 x 0.7719 x
Free Cash Flow 1 178 14.4 -174 -257 562 18.7
ROE (net income / shareholders' equity) 38.1% 32.8% 23% 30% 32.4% 26.9%
ROA (Net income/ Total Assets) 18.5% 16.9% 13.4% 15.2% 16.3% 14.8%
Assets 1 2,378 2,815 2,927 3,909 4,838 5,352
Book Value Per Share 2 0.3700 0.4600 0.5100 0.6100 0.7700 0.9000
Cash Flow per Share 2 0.0300 0.0300 0.0500 0.0300 0.0400 0.0300
Capex 1 230 202 92.6 252 251 272
Capex / Sales 4.56% 3.72% 1.84% 3.74% 3.19% 2.94%
Announcement Date 7/27/18 7/29/19 7/30/21 7/30/21 6/30/22 7/26/23
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA