Financials United Capital Plc

Equities

UCAP

NGUCAP000004

Diversified Investment Services

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
16.65 NGN +0.30% Intraday chart for United Capital Plc -6.46% -27.61%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 16,920 14,400 28,260 59,400 84,000 138,000
Enterprise Value (EV) 1 27,505 29,283 34,170 -91,000 -160,263 -94,027
P/E ratio 3.9 x 2.9 x 3.62 x 5.28 x 8.7 x 12.1 x
Yield 10.6% 20.8% 14.9% 15.2% 10.7% 7.83%
Capitalization / Revenue 1.78 x 1.67 x 2.19 x 3.56 x 3.4 x 6.43 x
EV / Revenue 2.89 x 3.4 x 2.65 x -5.46 x -6.48 x -4.38 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.07 x 0.74 x 1.16 x 1.94 x 2.55 x 1.52 x
Nbr of stocks (in thousands) 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000
Reference price 2 2.820 2.400 4.710 9.900 14.00 23.00
Announcement Date 2/21/19 2/18/20 2/22/21 2/18/22 3/1/23 3/27/24
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 9,526 8,601 12,918 16,664 24,742 21,451
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 6,221 4,950 7,948 11,918 13,500 17,304
Net income 1 4,338 4,973 7,811 11,259 9,653 11,420
Net margin 45.54% 57.82% 60.47% 67.56% 39.02% 53.24%
EPS 2 0.7230 0.8289 1.302 1.876 1.609 1.900
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.3000 0.5000 0.7000 1.500 1.500 1.800
Announcement Date 2/21/19 2/18/20 2/22/21 2/18/22 3/1/23 3/27/24
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 10,585 14,883 5,910 - - -
Net Cash position 1 - - - 150,400 244,263 232,027
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 26.6% 28.1% 35.5% 41% 30.4% 18.5%
ROA (Net income/ Total Assets) 3.04% 3.32% 4.19% 3.33% 1.83% 1.49%
Assets 1 142,650 149,581 186,607 338,181 527,776 766,941
Book Value Per Share 2 2.640 3.260 4.070 5.090 5.500 15.10
Cash Flow per Share 2 5.860 5.020 7.240 8.940 25.00 24.20
Capex 1 177 180 411 110 111 1,178
Capex / Sales 1.85% 2.09% 3.18% 0.66% 0.45% 5.49%
Announcement Date 2/21/19 2/18/20 2/22/21 2/18/22 3/1/23 3/27/24
1NGN in Million2NGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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