Financials The Tourist Company of Nigeria Plc

Equities

TOURIST

NGTOURIST009

Casinos & Gaming

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.5 NGN 0.00% Intraday chart for The Tourist Company of Nigeria Plc 0.00% -11.97%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 7,863 7,863 7,863 7,076 6,380 6,380
Enterprise Value (EV) 1 25,266 25,939 27,145 33,524 34,301 36,473
P/E ratio -3.66 x -5.7 x -6.5 x -0.9 x -2.74 x -1.99 x
Yield - - - - - -
Capitalization / Revenue 2.4 x 2.18 x 2.14 x 5.42 x 2.07 x 1.6 x
EV / Revenue 7.72 x 7.19 x 7.4 x 25.7 x 11.1 x 9.17 x
EV / EBITDA 162 x 82.9 x 69 x -37.6 x 570 x 307 x
EV / FCF - -491,148,065 x -44,855,622 x -77,128,194 x 88,001,915 x 68,488,679 x
FCF Yield - -0% -0% -0% 0% 0%
Price to Book -0.77 x 0.62 x 0.7 x 2 x 5.27 x 0.33 x
Nbr of stocks (in thousands) 2,246,437 2,246,437 2,246,437 2,246,437 2,246,437 2,246,437
Reference price 2 3.500 3.500 3.500 3.150 2.840 2.840
Announcement Date 4/23/18 4/23/19 7/3/20 4/29/22 4/30/22 7/7/23
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 3,271 3,607 3,666 1,306 3,082 3,977
EBITDA 1 155.5 312.8 393.3 -891.9 60.2 118.7
EBIT 1 -380.6 -260 -406.6 -1,616 -695.3 -667.4
Operating Margin -11.63% -7.21% -11.09% -123.7% -22.56% -16.78%
Earnings before Tax (EBT) 1 -2,145 -1,379 -1,475 -7,885 -2,319 -3,174
Net income 1 -2,145 -1,379 -1,210 -7,888 -2,331 -3,211
Net margin -65.58% -38.25% -32.99% -603.9% -75.65% -80.74%
EPS 2 -0.9551 -0.6140 -0.5384 -3.512 -1.038 -1.430
Free Cash Flow - -52.81 -605.2 -434.7 389.8 532.5
FCF margin - -1.46% -16.51% -33.27% 12.65% 13.39%
FCF Conversion (EBITDA) - - - - 647.45% 448.51%
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/23/18 4/23/19 7/3/20 4/29/22 4/30/22 7/7/23
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 17,403 18,077 19,282 26,448 27,921 30,093
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 111.9 x 57.78 x 49.03 x -29.65 x 463.8 x 253.4 x
Free Cash Flow - -52.8 -605 -435 390 533
ROE (net income / shareholders' equity) - -111% -10.2% -107% -98.1% -30.9%
ROA (Net income/ Total Assets) - -0.74% -0.75% -3.08% -1.36% -0.98%
Assets 1 - 186,731 160,501 255,737 171,225 326,509
Book Value Per Share 2 -4.540 5.650 4.980 1.580 0.5400 8.720
Cash Flow per Share 2 0.6100 0.3600 0.2200 0.3100 0.3700 0.5200
Capex 1 169 238 273 148 141 222
Capex / Sales 5.16% 6.59% 7.44% 11.37% 4.57% 5.57%
Announcement Date 4/23/18 4/23/19 7/3/20 4/29/22 4/30/22 7/7/23
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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