Financials MRS OIL NIGERIA PLC

Equities

MRS

NGCHEVRON008

Oil & Gas Refining and Marketing

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
135 NGN 0.00% Intraday chart for MRS OIL NIGERIA PLC 0.00% +28.57%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,833 4,663 4,191 3,764 4,835 36,003
Enterprise Value (EV) 1 17,066 13,256 5,693 5,386 3,931 33,052
P/E ratio -6.19 x -2.74 x -1.85 x 11.1 x 3.67 x 8.89 x
Yield - - - - - 2.25%
Capitalization / Revenue 0.09 x 0.07 x 0.1 x 0.05 x 0.05 x 0.2 x
EV / Revenue 0.19 x 0.2 x 0.14 x 0.07 x 0.04 x 0.18 x
EV / EBITDA -125 x -28.2 x -20 x 3.34 x 1 x 3.46 x
EV / FCF -12.6 x 1.52 x 0.72 x -10.1 x 1.82 x 9.24 x
FCF Yield -7.95% 65.7% 138% -9.91% 55% 10.8%
Price to Book 0.38 x 0.24 x 0.25 x 0.22 x 0.26 x 1.59 x
Nbr of stocks (in thousands) 342,888 342,888 342,888 342,888 342,885 342,885
Reference price 2 22.84 13.60 12.22 10.98 14.10 105.0
Announcement Date 3/29/19 5/28/20 3/31/21 3/30/22 3/31/23 3/28/24
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 89,553 64,909 41,981 71,976 100,780 182,311
EBITDA 1 -137 -470.7 -284.6 1,614 3,925 9,562
EBIT 1 -1,603 -1,887 -1,640 1,100 3,310 8,822
Operating Margin -1.79% -2.91% -3.91% 1.53% 3.28% 4.84%
Earnings before Tax (EBT) 1 -1,427 -1,983 -2,652 325 2,420 5,985
Net income 1 -1,265 -1,704 -2,264 339.9 1,316 4,049
Net margin -1.41% -2.63% -5.39% 0.47% 1.31% 2.22%
EPS 2 -3.689 -4.970 -6.603 0.9912 3.838 11.81
Free Cash Flow 1 -1,357 8,710 7,876 -533.7 2,161 3,578
FCF margin -1.51% 13.42% 18.76% -0.74% 2.14% 1.96%
FCF Conversion (EBITDA) - - - - 55.06% 37.42%
FCF Conversion (Net income) - - - - 164.17% 88.38%
Dividend per Share - - - - - 2.360
Announcement Date 3/29/19 5/28/20 3/31/21 3/30/22 3/31/23 3/28/24
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 9,233 8,593 1,503 1,622 - -
Net Cash position 1 - - - - 904 2,951
Leverage (Debt/EBITDA) -67.37 x -18.26 x -5.281 x 1.005 x - -
Free Cash Flow 1 -1,357 8,710 7,876 -534 2,161 3,578
ROE (net income / shareholders' equity) -5.77% -8.56% -12.6% 2% 7.38% 19.7%
ROA (Net income/ Total Assets) -1.78% -2.39% -2.54% 1.86% 5.32% 11.6%
Assets 1 71,204 71,166 89,305 18,267 24,723 35,011
Book Value Per Share 2 60.40 55.70 49.10 50.10 54.00 65.90
Cash Flow per Share 2 6.110 6.700 13.00 8.160 9.380 17.20
Capex 1 878 631 430 1,106 1,464 5,006
Capex / Sales 0.98% 0.97% 1.02% 1.54% 1.45% 2.75%
Announcement Date 3/29/19 5/28/20 3/31/21 3/30/22 3/31/23 3/28/24
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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