Financials Africa Prudential Plc

Equities

AFRIPRUD

NGAFRIPRUD04

Financial & Commodity Market Operators

End-of-day quote Nigerian S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
7.05 NGN 0.00% Intraday chart for Africa Prudential Plc +5.22% -4.73%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,740 8,000 12,500 12,700 12,000 14,800
Enterprise Value (EV) 1 7,223 6,390 11,501 11,840 11,158 8,592
P/E ratio 3.96 x 4.76 x 8.64 x 8.98 x 8.04 x 15.4 x
Yield 12.9% 17.5% 8% 7.87% 8.33% 6.08%
Capitalization / Revenue 5.46 x 5.22 x 11.8 x 9.22 x 6.31 x 17 x
EV / Revenue 5.1 x 4.17 x 10.9 x 8.6 x 5.86 x 9.85 x
EV / EBITDA 21 x 48 x -25.8 x -70.1 x -179 x -5.63 x
EV / FCF 3.62 x 34.8 x -9.84 x -21.1 x 7.31 x 5.36 x
FCF Yield 27.7% 2.87% -10.2% -4.74% 13.7% 18.7%
Price to Book 0.9 x 0.97 x 1.49 x 1.45 x 1.28 x 1.52 x
Nbr of stocks (in thousands) 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
Reference price 2 3.870 4.000 6.250 6.350 6.000 7.400
Announcement Date 2/26/19 2/25/20 3/2/21 3/19/22 3/2/23 3/4/24
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,417 1,531 1,059 1,377 1,903 872.6
EBITDA 1 343.2 133.2 -445.9 -169 -62.19 -1,527
EBIT 1 291.9 80.41 -499.6 -216.2 -108.1 -1,572
Operating Margin 20.6% 5.25% -47.17% -15.7% -5.68% -180.18%
Earnings before Tax (EBT) 1 2,395 2,389 1,980 2,006 2,166 1,441
Net income 1 1,953 1,681 1,446 1,415 1,493 962.9
Net margin 137.85% 109.79% 136.52% 102.72% 78.46% 110.35%
EPS 2 0.9764 0.8405 0.7230 0.7073 0.7466 0.4815
Free Cash Flow 1 1,997 183.7 -1,169 -561.3 1,526 1,604
FCF margin 140.99% 12% -110.34% -40.76% 80.15% 183.77%
FCF Conversion (EBITDA) 581.99% 137.96% - - - -
FCF Conversion (Net income) 102.28% 10.93% - - 102.16% 166.53%
Dividend per Share 2 0.5000 0.7000 0.5000 0.5000 0.5000 0.4500
Announcement Date 2/26/19 2/25/20 3/2/21 3/19/22 3/2/23 3/4/24
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 517 1,610 999 860 842 6,208
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 1,997 184 -1,169 -561 1,526 1,604
ROE (net income / shareholders' equity) 25.1% 19.9% 17.4% 16.5% 16.4% 10.1%
ROA (Net income/ Total Assets) 0.84% 0.25% -1.72% -0.81% -0.39% -4.65%
Assets 1 231,249 667,870 -84,243 -175,343 -387,354 -20,703
Book Value Per Share 2 4.300 4.140 4.180 4.390 4.690 4.870
Cash Flow per Share 2 1.280 0.8100 0.5000 0.4300 0.4300 2.630
Capex 1 38.6 63.8 24.7 22 385 139
Capex / Sales 2.72% 4.17% 2.33% 1.59% 20.24% 15.9%
Announcement Date 2/26/19 2/25/20 3/2/21 3/19/22 3/2/23 3/4/24
1NGN in Million2NGN
Estimates
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