Financials Scancom Plc

Equities

End-of-day quote Ghana S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
1.6 ^GHS	0.00%		0.00%	+14.29%

Feb. 28	Scancom Plc Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	MTN Ghana Appoints Stephen Blewett as the New CEO, Effective from 1 April 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	8,603	7,866	13,642	10,816	17,207	21,178	-
Enterprise Value (EV) ¹	8,603	7,866	13,642	9,616	17,207	21,178	21,178
P/E ratio	7.77 x	5.66 x	6.81 x	3.79 x	4.65 x	4.71 x	-
Yield	8.57%	12.5%	10.4%	14.1%	16.1%	15.3%	21.9%
Capitalization / Revenue	-	1.3 x	1.77 x	1.09 x	1.29 x	1.34 x	1.1 x
EV / Revenue	-	1.3 x	1.77 x	1.09 x	1.29 x	1.34 x	1.1 x
EV / EBITDA	-	2,474,970 x	-	1,943,977 x	-	-	-
EV / FCF	-	-	-	6,192,663 x	-	-	-
FCF Yield	-	-	-	0%	-	-	-
Price to Book	3.07 x	2.37 x	3.13 x	1.89 x	2.15 x	2.46 x	-
Nbr of stocks (in thousands)	12,290,474	12,290,474	12,290,474	12,290,474	12,290,474	13,236,175	-
Reference price ²	0.7000	0.6400	1.110	0.8800	1.400	1.600	1.600
Announcement Date	2/27/20	2/25/21	3/1/22	2/28/23	3/4/24	-	-

¹GHS in Million²GHS

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	-	6,033	7,723	9,916	13,349	15,788	19,174
EBITDA	-	3,178	-	5,564	-	-	-
EBIT ¹	-	-	3,214	4,365	6,076	6,292	7,635
Operating Margin	-	-	41.61%	44.02%	45.51%	39.85%	39.82%
Earnings before Tax (EBT) ¹	-	-	2,849	3,890	5,590	6,068	7,405
Net income ¹	-	-	2,001	2,856	3,982	4,200	5,114
Net margin	-	-	25.91%	28.8%	29.83%	26.6%	26.67%
EPS ²	0.0901	0.1130	0.1630	0.2320	0.3010	0.3400	-
Free Cash Flow	-	-	-	1,747	-	-	-
FCF margin	-	-	-	17.61%	-	-	-
FCF Conversion (EBITDA)	-	-	-	31.39%	-	-	-
FCF Conversion (Net income)	-	-	-	61.16%	-	-	-
Dividend per Share ²	0.0600	0.0800	0.1150	0.1240	0.2250	0.2450	0.3500
Announcement Date	2/27/20	2/25/21	3/1/22	2/28/23	3/4/24	-	-

¹GHS in Million²GHS

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	1,199	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	1,747	-	-	-
ROE (net income / shareholders' equity)	-	-	52%	56.7%	-	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	0.2300	0.2700	0.3600	0.4600	0.6500	0.6500	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	1,212	1,725	2,361	1,443	1,839
Capex / Sales	-	-	15.69%	17.4%	17.69%	9.14%	9.59%
Announcement Date	2/27/20	2/25/21	3/1/22	2/28/23	3/4/24	-	-

¹GHS in Million²GHS

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.6 GHS

Average target price

1.93 GHS

Spread / Average Target

+20.62%

	1st Jan change	Capi.
SCANCOM PLC	+14.29%	1.57B
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CHINA UNICOM HONG KONG LIMITED	+24.90%	23.92B
TELENOR ASA	+9.95%	16.07B
ADVANCED INFO SERVICE	-10.14%	15.66B
TAIWAN MOBILE CO., LTD.	+4.97%	9.6B
VODACOM GROUP LIMITED	-15.58%	9.2B