Financials PZ Cussons Nigeria Plc

Equities

PZ

NGPZ00000005

Personal Products

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
38 NGN 0.00% Intraday chart for PZ Cussons Nigeria Plc 0.00% +42.32%

Valuation

Fiscal Period: May 2018 2019 2020 2021 2022 2023
Capitalization 1 86,755 32,161 21,838 21,838 45,462 67,101
Enterprise Value (EV) 1 72,730 29,642 21,838 1,454 -7,290 -10,306
P/E ratio 47 x 31.8 x -3.16 x 14.8 x 7.61 x 5.2 x
Yield 0.69% 1.85% 1.82% 4.55% 8.82% -
Capitalization / Revenue 1.08 x 0.43 x 0.33 x 0.26 x 0.46 x 0.59 x
EV / Revenue 0.9 x 0.4 x 0.33 x 0.02 x -0.07 x -0.09 x
EV / EBITDA 6.74 x 6.15 x -4.99 x 0.15 x -1.17 x -0.68 x
EV / FCF 6.77 x -2.54 x - 0.12 x -0.31 x -0.45 x
FCF Yield 14.8% -39.4% - 861% -323% -224%
Price to Book 2.06 x 0.75 x - 0.69 x 1.33 x 1.55 x
Nbr of stocks (in thousands) 3,970,477 3,970,477 3,970,477 3,970,477 3,970,477 3,970,477
Reference price 2 21.85 8.100 5.500 5.500 11.45 16.90
Announcement Date 8/31/18 8/29/19 10/3/20 10/21/21 11/30/22 11/2/23
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: May 2018 2019 2020 2021 2022 2023
Net sales 1 80,553 74,336 66,993 82,578 99,503 113,964
EBITDA 1 10,785 4,817 -4,378 9,741 6,258 15,132
EBIT 1 8,228 2,273 -7,069 7,145 3,928 13,178
Operating Margin 10.21% 3.06% -10.55% 8.65% 3.95% 11.56%
Earnings before Tax (EBT) 1 2,314 1,942 -7,985 3,439 10,008 20,464
Net income 1 1,845 1,011 -6,921 1,476 5,970 12,893
Net margin 2.29% 1.36% -10.33% 1.79% 6% 11.31%
EPS 2 0.4647 0.2547 -1.743 0.3716 1.504 3.247
Free Cash Flow 1 10,737 -11,680 - 12,518 23,533 23,040
FCF margin 13.33% -15.71% - 15.16% 23.65% 20.22%
FCF Conversion (EBITDA) 99.55% - - 128.51% 376.06% 152.26%
FCF Conversion (Net income) 581.9% - - 848.31% 394.19% 178.71%
Dividend per Share 2 0.1500 0.1500 0.1000 0.2500 1.010 -
Announcement Date 8/31/18 8/29/19 10/3/20 10/21/21 11/30/22 11/2/23
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: May 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 14,025 2,519 - 20,383 52,752 77,407
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 10,737 -11,680 - 12,518 23,533 23,040
ROE (net income / shareholders' equity) 4.27% 2.54% -16.5% 5% 19.3% 33.3%
ROA (Net income/ Total Assets) 5.76% 1.69% - 5.4% 2.49% 5.97%
Assets 1 32,061 60,004 - 27,323 239,312 215,902
Book Value Per Share 2 10.60 10.70 - 7.950 8.600 10.90
Cash Flow per Share 2 3.590 0.6300 - 5.180 13.30 25.60
Capex 1 2,473 1,454 1,540 1,127 725 911
Capex / Sales 3.07% 1.96% 2.3% 1.36% 0.73% 0.8%
Announcement Date 8/31/18 8/29/19 10/3/20 10/21/21 11/30/22 11/2/23
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
SELL
Number of Analysts
1
Last Close Price
38 NGN
Average target price
24.7 NGN
Spread / Average Target
-35.00%
Consensus
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