Financials UPDC Plc

Equities

UPDC

NGUACPROP006

Real Estate Development & Operations

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1.35 NGN 0.00% Intraday chart for UPDC Plc +9.76% +5.47%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 4,795 4,963 2,598 14,662 22,086 16,890
Enterprise Value (EV) 1 23,226 23,014 22,144 17,138 25,720 18,501
P/E ratio -1.93 x -0.33 x -0.16 x -16.9 x -11.5 x 106 x
Yield - - - - - -
Capitalization / Revenue 1.2 x 2.15 x 1.2 x 8.82 x 26.8 x 2.86 x
EV / Revenue 5.83 x 9.99 x 10.3 x 10.3 x 31.2 x 3.14 x
EV / EBITDA -68.7 x -5.11 x -15.2 x -19.5 x -20.9 x 26.8 x
EV / FCF -1.33 x 5.51 x -2.22 x 2.08 x -9.47 x 1.87 x
FCF Yield -75.4% 18.1% -45% 48% -10.6% 53.4%
Price to Book 0.21 x 0.27 x 1.11 x 1.51 x 2.76 x 2.02 x
Nbr of stocks (in thousands) 1,718,750 2,598,396 2,598,396 18,559,970 18,559,970 18,559,970
Reference price 2 2.790 1.910 1.000 0.7900 1.190 0.9100
Announcement Date 3/31/18 4/29/19 5/6/20 3/1/21 3/30/22 4/1/23
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 3,983 2,303 2,158 1,662 825.4 5,897
EBITDA 1 -338.1 -4,507 -1,455 -878.5 -1,230 691.5
EBIT 1 -374.9 -4,536 -1,473 -886.9 -1,246 653.4
Operating Margin -9.41% -196.94% -68.26% -53.35% -150.9% 11.08%
Earnings before Tax (EBT) 1 -3,057 -9,215 -16,195 -262.7 -1,616 330.6
Net income 1 -2,932 -15,052 -15,875 -617.7 -1,926 159.7
Net margin -73.61% -653.51% -735.79% -37.15% -233.35% 2.71%
EPS 2 -1.445 -5.793 -6.115 -0.0466 -0.1038 0.008602
Free Cash Flow 1 -17,520 4,173 -9,975 8,227 -2,716 9,888
FCF margin -439.86% 181.19% -462.3% 494.88% -329.01% 167.69%
FCF Conversion (EBITDA) - - - - - 1,429.99%
FCF Conversion (Net income) - - - - - 6,193.5%
Dividend per Share - - - - - -
Announcement Date 3/31/18 4/29/19 5/6/20 3/1/21 3/30/22 4/1/23
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 18,431 18,051 19,546 2,475 3,633 1,611
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -54.52 x -4.005 x -13.44 x -2.818 x -2.953 x 2.33 x
Free Cash Flow 1 -17,520 4,173 -9,975 8,227 -2,716 9,888
ROE (net income / shareholders' equity) -7.84% -42.3% -156% -6.39% -19.9% 2.43%
ROA (Net income/ Total Assets) -0.35% -5.11% -2.44% -2.16% -3.72% 2.09%
Assets 1 847,666 294,788 650,235 28,544 51,825 7,629
Book Value Per Share 2 13.00 7.010 0.9000 0.5200 0.4300 0.4500
Cash Flow per Share 2 0.3300 0.2000 0.4900 0.1600 0.1000 0.1700
Capex 1 26.6 27.1 1.83 32.6 34.7 139
Capex / Sales 0.67% 1.18% 0.09% 1.96% 4.21% 2.36%
Announcement Date 3/31/18 4/29/19 5/6/20 3/1/21 3/30/22 4/1/23
1NGN in Million2NGN
Estimates