Financials Nigerian Aviation Handling Company Plc

Equities

NAHCO

NGNAHCO00008

Airport Services

End-of-day quote Nigerian S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
36.3 NGN 0.00% Intraday chart for Nigerian Aviation Handling Company Plc +10.00% +42.91%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 6,464 5,928 3,898 3,736 6,075 12,474
Enterprise Value (EV) 1 5,028 3,923 3,666 3,660 4,351 10,828
P/E ratio 8.29 x 29.7 x 5.49 x 12.8 x 8.17 x 4.69 x
Yield 6.28% 6.85% 12.5% 5.44% 11% 18.8%
Capitalization / Revenue 0.82 x 0.6 x 0.39 x 0.52 x 0.59 x 0.75 x
EV / Revenue 0.63 x 0.4 x 0.37 x 0.51 x 0.43 x 0.65 x
EV / EBITDA 3.82 x 3.17 x 1.58 x 3.21 x 2.19 x 2.2 x
EV / FCF -38.8 x 3.12 x -4.46 x 12.2 x 2.27 x 17.7 x
FCF Yield -2.58% 32.1% -22.4% 8.18% 44.1% 5.65%
Price to Book 0.94 x 0.92 x 0.58 x 0.57 x 0.86 x 1.37 x
Nbr of stocks (in thousands) 1,949,062 1,949,062 1,949,062 1,949,062 1,949,062 1,949,063
Reference price 2 3.317 3.042 2.000 1.917 3.117 6.400
Announcement Date 3/30/18 4/17/19 5/29/20 3/31/21 4/23/22 4/1/23
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 7,926 9,825 9,996 7,126 10,233 16,708
EBITDA 1 1,315 1,239 2,324 1,141 1,990 4,923
EBIT 1 460.6 472.7 1,486 235.4 997.7 4,000
Operating Margin 5.81% 4.81% 14.87% 3.3% 9.75% 23.94%
Earnings before Tax (EBT) 1 600 503.2 1,341 361.3 924.9 3,842
Net income 1 780.1 199.6 710.3 291.5 743.2 2,658
Net margin 9.84% 2.03% 7.11% 4.09% 7.26% 15.91%
EPS 2 0.4002 0.1024 0.3644 0.1496 0.3813 1.364
Free Cash Flow 1 -129.7 1,259 -821.7 299.5 1,919 611.6
FCF margin -1.64% 12.82% -8.22% 4.2% 18.76% 3.66%
FCF Conversion (EBITDA) - 101.61% - 26.25% 96.46% 12.42%
FCF Conversion (Net income) - 630.78% - 102.74% 258.24% 23.01%
Dividend per Share 2 0.2083 0.2083 0.2500 0.1042 0.3417 1.200
Announcement Date 3/30/18 4/17/19 5/29/20 3/31/21 4/23/22 4/1/23
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 1,436 2,006 232 75.3 1,724 1,646
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -130 1,259 -822 299 1,919 612
ROE (net income / shareholders' equity) 11.8% 3.01% 11.1% 4.62% 11.5% 33.3%
ROA (Net income/ Total Assets) 2.31% 2.4% 6.87% 1.03% 4.13% 14.2%
Assets 1 33,735 8,314 10,343 28,200 17,993 18,699
Book Value Per Share 2 3.540 3.310 3.470 3.370 3.640 4.670
Cash Flow per Share 2 1.220 1.380 0.8000 0.4300 1.310 1.440
Capex 1 1,058 372 1,414 1,509 464 1,364
Capex / Sales 13.34% 3.79% 14.15% 21.18% 4.53% 8.16%
Announcement Date 3/30/18 4/17/19 5/29/20 3/31/21 4/23/22 4/1/23
1NGN in Million2NGN
Estimates
  1. Stock Market
  2. Equities
  3. NAHCO Stock
  4. Financials Nigerian Aviation Handling Company Plc