Financials Oando PLC

Equities

OANDO

NGOANDO00002

Integrated Oil & Gas

End-of-day quote Nigerian S.E. 06:00:00 2024-05-16 pm EDT 5-day change 1st Jan Change
10.4 NGN +4.52% Intraday chart for Oando PLC +2.46% -0.95%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 74,464 62,157 49,601 45,996 54,947 48,731
Enterprise Value (EV) 1 303,950 262,090 401,106 475,311 490,615 537,870
P/E ratio 5.33 x 2.54 x -0.29 x -0.39 x 1.53 x -0.62 x
Yield - - - - - -
Capitalization / Revenue 0.15 x 0.09 x 0.09 x 0.1 x 0.07 x 0.02 x
EV / Revenue 0.61 x 0.39 x 0.7 x 1 x 0.61 x 0.27 x
EV / EBITDA 5.26 x 3.66 x 139 x 19.4 x 9.12 x 35.3 x
EV / FCF 9.15 x 8.99 x 98.6 x 5.98 x 8.13 x -11.4 x
FCF Yield 10.9% 11.1% 1.01% 16.7% 12.3% -8.79%
Price to Book 0.42 x 0.31 x 1.72 x -0.54 x -0.44 x -0.26 x
Nbr of stocks (in thousands) 12,431,412 12,431,412 12,431,412 12,431,412 12,431,412 12,431,412
Reference price 2 5.990 5.000 3.990 3.700 4.420 3.920
Announcement Date 4/27/18 3/29/19 6/22/22 3/29/23 3/1/23 3/1/23
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 497,422 679,465 576,572 477,070 804,796 1,993,754
EBITDA 1 57,731 71,672 2,887 24,457 53,802 15,219
EBIT 1 31,977 42,403 -46,766 -43,563 10,716 -22,682
Operating Margin 6.43% 6.24% -8.11% -9.13% 1.33% -1.14%
Earnings before Tax (EBT) 1 20,765 11,188 -377,415 -134,283 44,474 -61,840
Net income 1 13,942 24,433 -171,821 -118,149 35,817 -78,719
Net margin 2.8% 3.6% -29.8% -24.77% 4.45% -3.95%
EPS 2 1.124 1.965 -13.82 -9.504 2.881 -6.332
Free Cash Flow 1 33,225 29,142 4,069 79,437 60,378 -47,255
FCF margin 6.68% 4.29% 0.71% 16.65% 7.5% -2.37%
FCF Conversion (EBITDA) 57.55% 40.66% 140.92% 324.8% 112.22% -
FCF Conversion (Net income) 238.32% 119.27% - - 168.57% -
Dividend per Share - - - - - -
Announcement Date 4/27/18 3/29/19 6/22/22 3/29/23 3/1/23 3/1/23
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 229,485 199,933 351,504 429,315 435,668 489,139
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.975 x 2.79 x 121.7 x 17.55 x 8.098 x 32.14 x
Free Cash Flow 1 33,225 29,142 4,069 79,437 60,378 -47,255
ROE (net income / shareholders' equity) 5.91% 10.7% -120% 41,652% -34.9% 49.8%
ROA (Net income/ Total Assets) 1.97% 2.51% -2.87% -2.32% 0.71% -1.26%
Assets 1 708,674 975,094 5,984,711 5,092,866 5,040,440 6,242,606
Book Value Per Share 2 14.10 16.20 2.330 -6.900 -10.00 -15.20
Cash Flow per Share 2 0.6400 0.8800 2.700 1.170 2.240 1.680
Capex 1 19,822 37,862 27,871 34,062 27,788 46,137
Capex / Sales 3.98% 5.57% 4.83% 7.14% 3.45% 2.31%
Announcement Date 4/27/18 3/29/19 6/22/22 3/29/23 3/1/23 3/1/23
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

1st Jan change Capi.
-0.95% 88.1M
-9.39% 1,920B
+19.66% 472B
+46.71% 243B
+9.06% 228B
+8.69% 168B
-1.48% 95.37B
-7.25% 81.89B
+28.55% 51.57B
-3.39% 51.49B
Integrated Oil & Gas
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