Financials Presco Plc

Equities

PRESCO

NGPRESCO0005

Food Processing

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
231.5 NGN 0.00% Intraday chart for Presco Plc 0.00% +19.95%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 64,000 47,500 70,950 87,800 137,500 231,500
Enterprise Value (EV) 1 79,735 66,731 89,205 87,800 137,500 193,000
P/E ratio 14.9 x 12.3 x 10.1 x 4.65 x 6.4 x 6.34 x
Yield 3.13% 4.21% - 8.66% - 1.94%
Capitalization / Revenue 3 x 2.39 x 2.97 x 1.86 x 1.66 x 1.87 x
EV / Revenue 3 x 2.39 x 2.97 x 1.86 x 1.66 x 1.87 x
EV / EBITDA 5,558,829 x 5,807,091 x 7,814,554 x 3,591,722 x 4,123,803 x -
EV / FCF - -53,689,082 x - - - -
FCF Yield - -0% - - - -
Price to Book - - 2.16 x 1.87 x - -
Nbr of stocks (in thousands) 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Reference price 2 64.00 47.50 70.95 87.80 137.5 231.5
Announcement Date 6/1/19 1/30/20 2/4/21 1/30/22 1/31/23 1/31/24
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 21,345 19,882 23,909 47,229 83,065 103,142
EBITDA 11,513 8,180 9,079 24,445 33,343 -
EBIT 10,230 6,892 8,430 21,986 - -
Operating Margin 47.93% 34.66% 35.26% 46.55% - -
Earnings before Tax (EBT) 6,321 5,519 8,946 23,749 - -
Net income 4,284 3,935 7,035 18,868 - -
Net margin 20.07% 19.79% 29.42% 39.95% - -
EPS 2 4.300 3.850 7.030 18.87 21.47 30.42
Free Cash Flow - -884.7 - - - -
FCF margin - -4.45% - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 2.000 2.000 - 7.600 - 4.500
Announcement Date 6/1/19 1/30/20 2/4/21 1/30/22 1/31/23 1/31/24
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 15,735 19,231 18,255 - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) 1.367 x 2.351 x 2.011 x - - -
Free Cash Flow - -885 - - - -
ROE (net income / shareholders' equity) 18.6% 15.7% 23.1% 43% - -
ROA (Net income/ Total Assets) - 6.32% 9.96% 17% - -
Assets - 62,284 70,629 110,723 - -
Book Value Per Share - - 32.90 46.90 - -
Cash Flow per Share - 5.780 10.80 - - -
Capex 17,688 6,668 6,202 - - -
Capex / Sales 82.87% 33.54% 25.94% - - -
Announcement Date 6/1/19 1/30/20 2/4/21 1/30/22 1/31/23 1/31/24
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
231.5 NGN
Average target price
335 NGN
Spread / Average Target
+44.71%
Consensus

Annual profits - Rate of surprise