University Press（UPL）株式概要ユニバーシティ・プレス社は、ナイジェリアにおける教育関連書籍・教材の印刷、出版、販売、流通を行っている。 詳細UPL ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績2/6財務の健全性6/6配当金2/6報酬株価収益率（ 12.1 x） NG市場（ 19.4 x）を下回っています。リスク分析意味のある時価総額がありません ( NGN2B )意味のある収益がありません ( NGN4B )2.73%の配当はフリーキャッシュフローで十分にカバーされていない 利益率(5%)は昨年より低い(13.2%) +1 さらなるリスクすべてのリスクチェックを見るUPL Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₦Current Price₦5.5063.2% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-158m8b2016201920222025202620282031Revenue ₦7.8bEarnings ₦389.6mAdvancedSet Fair ValueView all narrativesUniversity Press Plc 競合他社Learn AfricaSymbol: NGSE:LEARNAFRCAMarket cap: ₦9.5bGoing Public MediaSymbol: XTRA:G6P0Market cap: €1.2mMadhya Pradesh Today MediaSymbol: NSEI:MPTODAYMarket cap: ₹210.1mSchwabenverlagSymbol: BST:SBVMarket cap: €1.6m価格と性能株価の高値、安値、推移の概要University Press過去の株価現在の株価₦5.5052週高値₦7.4352週安値₦4.00ベータ-0.121ヶ月の変化25.00%3ヶ月変化0%1年変化-9.84%3年間の変化143.36%5年間の変化227.38%IPOからの変化322.40%最新ニュースValuation Update With 7 Day Price Move • Jun 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₦5.10, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 10x in the Media industry in Africa. Total returns to shareholders of 150% over the past three years.お知らせ • May 21University Press Plc to Report Fiscal Year 2026 Results on Jun 24, 2026University Press Plc announced that they will report fiscal year 2026 results on Jun 24, 2026New Risk • May 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Nigerian stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.16b market cap, or US$1.57m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.7% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin). Revenue is less than US$5m (₦3.9b revenue, or US$2.8m).Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₦4.00, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 140% over the past three years.New Risk • May 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.0% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.16b market cap, or US$1.59m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.0% net profit margin). Revenue is less than US$5m (₦3.9b revenue, or US$2.9m).Reported Earnings • May 06Full year 2026 earnings released: EPS: ₦0.45 (vs ₦1.05 in FY 2025)Full year 2026 results: EPS: ₦0.45 (down from ₦1.05 in FY 2025). Revenue: ₦3.89b (up 14% from FY 2025). Net income: ₦195.3m (down 57% from FY 2025). Profit margin: 5.0% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 41% per year.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Jun 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₦5.10, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 10x in the Media industry in Africa. Total returns to shareholders of 150% over the past three years.お知らせ • May 21University Press Plc to Report Fiscal Year 2026 Results on Jun 24, 2026University Press Plc announced that they will report fiscal year 2026 results on Jun 24, 2026New Risk • May 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Nigerian stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.16b market cap, or US$1.57m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.7% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin). Revenue is less than US$5m (₦3.9b revenue, or US$2.8m).Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₦4.00, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 140% over the past three years.New Risk • May 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.0% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.16b market cap, or US$1.59m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.0% net profit margin). Revenue is less than US$5m (₦3.9b revenue, or US$2.9m).Reported Earnings • May 06Full year 2026 earnings released: EPS: ₦0.45 (vs ₦1.05 in FY 2025)Full year 2026 results: EPS: ₦0.45 (down from ₦1.05 in FY 2025). Revenue: ₦3.89b (up 14% from FY 2025). Net income: ₦195.3m (down 57% from FY 2025). Profit margin: 5.0% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 41% per year.Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₦5.80, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 213% over the past three years.New Risk • Jan 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.48b market cap, or US$1.79m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Revenue is less than US$5m (₦3.9b revenue, or US$2.8m).Board Change • Jan 05Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Tracie Utoh-Ezeajugha was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Dec 10Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Tracie Utoh-Ezeajugha was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₦6.00, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 253% over the past three years.Reported Earnings • Nov 02Second quarter 2026 earnings released: EPS: ₦1.24 (vs ₦1.96 in 2Q 2025)Second quarter 2026 results: EPS: ₦1.24 (down from ₦1.96 in 2Q 2025). Revenue: ₦2.76b (up 16% from 2Q 2025). Net income: ₦537.0m (down 37% from 2Q 2025). Profit margin: 19% (down from 36% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Sep 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Tracie Utoh-Ezeajugha was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Sep 11Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₦5.99, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 259% over the past three years.Valuation Update With 7 Day Price Move • Aug 25Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ₦5.54, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 226% over the past three years.Upcoming Dividend • Aug 18Upcoming dividend of ₦0.15 per shareEligible shareholders must have bought the stock before 25 August 2025. Payment date: 18 September 2025. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Nigerian dividend payers (4.0%). Lower than average of industry peers (7.2%).Valuation Update With 7 Day Price Move • Aug 08Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦6.15, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 222% over the past three years.Reported Earnings • Jul 31First quarter 2026 earnings released: ₦0.42 loss per share (vs ₦0.38 loss in 1Q 2025)First quarter 2026 results: ₦0.42 loss per share (further deteriorated from ₦0.38 loss in 1Q 2025). Revenue: ₦342.6m (up 120% from 1Q 2025). Net loss: ₦179.1m (loss widened 9.2% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 03New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). High level of non-cash earnings (47% accrual ratio). Market cap is less than US$10m (₦2.39b market cap, or US$1.56m). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (₦3.4b revenue, or US$2.2m).Board Change • Jul 03Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Tracie Utoh-Ezeajugha was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Declared Dividend • Jul 02Dividend of ₦0.15 announcedShareholders will receive a dividend of ₦0.15. Ex-date: 25th August 2025 Payment date: 18th September 2025 Dividend yield will be 2.7%, which is lower than the industry average of 3.1%.お知らせ • Jul 02+ 1 more updateUniversity Press Plc, Annual General Meeting, Sep 18, 2025University Press Plc, Annual General Meeting, Sep 18, 2025, at 11:00 W. Central Africa Standard Time. Location: kakanfo inn, ibadan, oyo state, NigeriaValuation Update With 7 Day Price Move • Jun 23Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦6.02, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 132% over the past three years.New Risk • May 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Nigerian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (47% accrual ratio). Market cap is less than US$10m (₦2.20b market cap, or US$1.39m). Minor Risk Revenue is less than US$5m (₦3.4b revenue, or US$2.1m).お知らせ • May 22University Press Plc to Report Fiscal Year 2025 Results on Jun 18, 2025University Press Plc announced that they will report fiscal year 2025 results on Jun 18, 2025Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₦3.97, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 40% over the past three years.New Risk • May 13New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (47% accrual ratio). Market cap is less than US$10m (₦2.08b market cap, or US$1.30m). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (₦3.4b revenue, or US$2.1m).Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦3.74, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 55% over the past three years.Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₦5.60, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 12x in the Media industry in Africa. Total returns to shareholders of 140% over the past three years.New Risk • Jan 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 884% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.01b market cap, or US$1.31m). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.9% net profit margin). Revenue is less than US$5m (₦3.3b revenue, or US$2.1m).Reported Earnings • Jan 24Third quarter 2025 earnings released: ₦0.40 loss per share (vs ₦0.28 loss in 3Q 2024)Third quarter 2025 results: ₦0.40 loss per share (further deteriorated from ₦0.28 loss in 3Q 2024). Revenue: ₦483.8m (up 68% from 3Q 2024). Net loss: ₦172.6m (loss widened 45% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Jan 14Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 89% to ₦4.81. The fair value is estimated to be ₦3.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 59%.Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₦4.45, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 68% over the past three years.Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₦4.18, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 58% over the past three years.New Risk • Nov 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 1,804% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (₦1.51b market cap, or US$893.9k). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (₦3.1b revenue, or US$1.8m).Buy Or Sell Opportunity • Nov 13Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 49% to ₦3.60. The fair value is estimated to be ₦2.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 59%.Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₦3.30, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 7x in the Media industry in Africa. Total returns to shareholders of 72% over the past three years.Reported Earnings • Oct 31Second quarter 2025 earnings released: EPS: ₦1.96 (vs ₦1.03 in 2Q 2024)Second quarter 2025 results: EPS: ₦1.96 (up from ₦1.03 in 2Q 2024). Revenue: ₦2.38b (up 31% from 2Q 2024). Net income: ₦847.3m (up 91% from 2Q 2024). Profit margin: 36% (up from 25% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Upcoming Dividend • Aug 29Upcoming dividend of ₦0.025 per shareEligible shareholders must have bought the stock before 05 September 2024. Payment date: 26 September 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Nigerian dividend payers (6.8%). Lower than average of industry peers (7.3%).Reported Earnings • Jul 30First quarter 2025 earnings released: ₦0.38 loss per share (vs ₦0.23 loss in 1Q 2024)First quarter 2025 results: ₦0.38 loss per share (further deteriorated from ₦0.23 loss in 1Q 2024). Revenue: ₦156.1m (down 43% from 1Q 2024). Net loss: ₦164.1m (loss widened 65% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.お知らせ • Jul 06University Press Plc, Annual General Meeting, Sep 26, 2024University Press Plc, Annual General Meeting, Sep 26, 2024, at 11:00 W. Central Africa Standard Time.Valuation Update With 7 Day Price Move • May 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₦2.05, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 101% over the past three years.Valuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₦3.00, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 165% over the past three years.Reported Earnings • Jan 23Third quarter 2024 earnings released: ₦0.28 loss per share (vs ₦0.26 loss in 3Q 2023)Third quarter 2024 results: ₦0.28 loss per share (further deteriorated from ₦0.26 loss in 3Q 2023). Revenue: ₦287.5m (up 7.5% from 3Q 2023). Net loss: ₦119.0m (loss widened 7.9% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jan 09Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦2.90, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 166% over the past three years.Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₦2.75, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 150% over the past three years.Reported Earnings • Oct 29Second quarter 2024 earnings released: EPS: ₦1.03 (vs ₦1.13 in 2Q 2023)Second quarter 2024 results: EPS: ₦1.03 (down from ₦1.13 in 2Q 2023). Revenue: ₦1.81b (up 17% from 2Q 2023). Net income: ₦444.8m (down 10% from 2Q 2023). Profit margin: 25% (down from 32% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 25Upcoming dividend of ₦0.10 per share at 4.2% yieldEligible shareholders must have bought the stock before 01 September 2023. Payment date: 21 September 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Nigerian dividend payers (6.6%). Lower than average of industry peers (7.3%).New Risk • Aug 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Nigerian stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦975.0m market cap, or US$1.28m). Minor Risks Paying a dividend despite having no free cash flows. Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (₦2.2b revenue, or US$2.9m).Reported Earnings • Jul 30First quarter 2024 earnings released: ₦0.22 loss per share (vs ₦0.38 loss in 1Q 2023)First quarter 2024 results: ₦0.22 loss per share (improved from ₦0.38 loss in 1Q 2023). Revenue: ₦275.8m (up 36% from 1Q 2023). Net loss: ₦95.6m (loss narrowed 42% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ₦2.76, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 7x in the Media industry in Africa. Total returns to shareholders of 233% over the past three years.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₦2.75, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 7x in the Media industry in Africa. Total returns to shareholders of 232% over the past three years.Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₦2.05, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 140% over the past three years.Reported Earnings • Apr 30Full year 2023 earnings released: EPS: ₦0.32 (vs ₦0.48 in FY 2022)Full year 2023 results: EPS: ₦0.32 (down from ₦0.48 in FY 2022). Revenue: ₦2.16b (down 6.2% from FY 2022). Net income: ₦136.4m (down 34% from FY 2022). Profit margin: 6.3% (down from 9.0% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jan 27Third quarter 2023 earnings released: ₦0.26 loss per share (vs ₦0.09 profit in 3Q 2022)Third quarter 2023 results: ₦0.26 loss per share (down from ₦0.09 profit in 3Q 2022). Revenue: ₦267.5m (down 36% from 3Q 2022). Net loss: ₦110.3m (down 376% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Theodora Ezeigbo was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 26Second quarter 2023 earnings released: EPS: ₦1.07 (vs ₦0.85 in 2Q 2022)Second quarter 2023 results: EPS: ₦1.07 (up from ₦0.85 in 2Q 2022). Revenue: ₦1.55b (up 12% from 2Q 2022). Net income: ₦462.4m (up 27% from 2Q 2022). Profit margin: 30% (up from 26% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 25Upcoming dividend of ₦0.10 per shareEligible shareholders must have bought the stock before 01 September 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Nigerien dividend payers (8.3%). In line with average of industry peers (5.1%).Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ₦1.72, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 44% over the past three years.Reported Earnings • Jul 31First quarter 2023 earnings released: ₦0.38 loss per share (vs ₦0.35 loss in 1Q 2022)First quarter 2023 results: ₦0.38 loss per share (down from ₦0.35 loss in 1Q 2022). Revenue: ₦202.4m (up 9.5% from 1Q 2022). Net loss: ₦164.7m (loss widened 9.4% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 29Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₦2.35, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 65% over the past three years.Valuation Update With 7 Day Price Move • May 31Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₦2.60, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 71% over the past three years.Valuation Update With 7 Day Price Move • May 06Investor sentiment improved over the past weekAfter last week's 20% share price gain to ₦2.94, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 106% over the past three years.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Theodora Ezeigbo was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₦2.91, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 60% over the past three years.Reported Earnings • Jan 29Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: ₦0.093 (down from ₦0.18 in 3Q 2021). Revenue: ₦415.0m (down 37% from 3Q 2021). Net income: ₦40.0m (down 50% from 3Q 2021). Profit margin: 9.6% (down from 12% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year.Board Change • Dec 06Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. Independent Director Theodora Ezeigbo was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 26Investor sentiment improved over the past weekAfter last week's 28% share price gain to ₦2.94, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 90% over the past three years.Reported Earnings • Oct 30Second quarter 2022 earnings released: EPS ₦0.91 (vs ₦0.051 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₦1.38b (up ₦1.17b from 2Q 2021). Net income: ₦394.2m (up ₦416.5m from 2Q 2021). Profit margin: 28% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improved over the past weekAfter last week's 20% share price gain to ₦1.80, the stock trades at a trailing P/E ratio of 52.9x. Average trailing P/E is 15x in the Media industry in Africa. Total returns to shareholders of 6.9% over the past three years.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improved over the past weekAfter last week's 21% share price gain to ₦1.23, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 15x in the Media industry in Africa. Total loss to shareholders of 22% over the past three years.Valuation Update With 7 Day Price Move • Sep 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₦1.02, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 19x in the Media industry in Africa. Total loss to shareholders of 34% over the past three years.Upcoming Dividend • Aug 25Upcoming dividend of ₦0.05 per shareEligible shareholders must have bought the stock before 01 September 2021. Payment date: 23 September 2021. Trailing yield: 4.1%. Lower than top quartile of Nigerien dividend payers (7.3%). Lower than average of industry peers (5.2%).Reported Earnings • Aug 01First quarter 2022 earnings released: ₦0.35 loss per share (vs ₦0.18 loss in 1Q 2021)The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2022 results: Revenue: ₦184.9m (up 122% from 1Q 2021). Net loss: ₦150.4m (loss widened 98% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 20% share price gain to ₦1.40, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 14x in the Media industry in Africa. Total loss to shareholders of 17% over the past three years.Reported Earnings • May 05Full year 2021 earnings released: EPS ₦0.093 (vs ₦0.29 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₦1.42b (down 31% from FY 2020). Net income: ₦40.1m (down 69% from FY 2020). Profit margin: 2.8% (down from 6.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Feb 18New 90-day low: ₦1.20The company is down 5.0% from its price of ₦1.26 on 20 November 2020. The Nigerien market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 2.0% over the same period.Reported Earnings • Jan 31Third quarter 2021 earnings released: EPS ₦0.18 (vs ₦0.32 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₦661.7m (up 207% from 3Q 2020). Net income: ₦79.4m (up ₦216.1m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 68% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 01First half earnings releasedOver the last 12 months the company has reported total losses of ₦310.8m, with earnings decreasing by ₦448.0m from the prior year. Total revenue was ₦702.6m over the last 12 months, down 68% from the prior year.Valuation Update With 7 Day Price Move • Oct 29Market bids up stock over the past weekAfter last week's 16% share price gain to ₦1.40, the stock is trading at a trailing P/E ratio of 3.7x, up from the previous P/E ratio of 3.2x. This compares to an average P/E of 8x in the Media industry in Africa. Total return to shareholders over the past three years is a loss of 17%.株主還元UPLNG MediaNG 市場7D-2.7%2.1%0.2%1Y-9.8%-21.7%119.3%株主還元を見る業界別リターン: UPL過去 1 年間で-16.2 % の収益を上げたNG Media業界を上回りました。リターン対市場: UPLは、過去 1 年間で119.4 % のリターンを上げたNG市場を下回りました。価格変動Is UPL's price volatile compared to industry and market?UPL volatilityUPL Average Weekly Movement10.0%Media Industry Average Movement8.1%Market Average Movement7.6%10% most volatile stocks in NG Market11.1%10% least volatile stocks in NG Market4.1%安定した株価: UPLの株価は、 NG市場と比較して過去 3 か月間で変動しています。時間の経過による変動: UPLの weekly volatility ( 10% ) は過去 1 年間安定していますが、依然としてNGの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1949208Samuel Kolawolewww.universitypressplc.comユニバーシティ・プレス社はナイジェリアで教育関連書籍・教材の印刷、出版、販売、流通を行っている。プレプライマリー、プライマリー、一般・創作、教育・学習補助、ジュニア・セカンダリー・シニア・セカンダリー、ターシャリー・カテゴリー向けの書籍を提供している。また、辞書、世界銀行、特別出版物、言語・文化関連書籍など、一般的な読書に関する書籍も提供している。製品の輸出も行っている。同社は1949年に設立され、ナイジェリアのイバダンを拠点としている。もっと見るUniversity Press Plc 基礎のまとめUniversity Press の収益と売上を時価総額と比較するとどうか。UPL 基礎統計学時価総額₦2.37b収益（TTM）₦195.29m売上高(TTM)₦3.89b12.1xPER（株価収益率0.6xP/SレシオUPL は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計UPL 損益計算書（TTM）収益₦3.89b売上原価₦1.77b売上総利益₦2.12bその他の費用₦1.92b収益₦195.29m直近の収益報告Mar 31, 2026次回決算日Jun 24, 2026一株当たり利益（EPS）0.45グロス・マージン54.43%純利益率5.01%有利子負債／自己資本比率0%UPL の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.7%現在の配当利回り23%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/11 04:11終値2026/06/11 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋University Press Plc 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₦5.10, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 10x in the Media industry in Africa. Total returns to shareholders of 150% over the past three years.
お知らせ • May 21University Press Plc to Report Fiscal Year 2026 Results on Jun 24, 2026University Press Plc announced that they will report fiscal year 2026 results on Jun 24, 2026
New Risk • May 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Nigerian stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.16b market cap, or US$1.57m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.7% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin). Revenue is less than US$5m (₦3.9b revenue, or US$2.8m).
Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₦4.00, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 140% over the past three years.
New Risk • May 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.0% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.16b market cap, or US$1.59m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.0% net profit margin). Revenue is less than US$5m (₦3.9b revenue, or US$2.9m).
Reported Earnings • May 06Full year 2026 earnings released: EPS: ₦0.45 (vs ₦1.05 in FY 2025)Full year 2026 results: EPS: ₦0.45 (down from ₦1.05 in FY 2025). Revenue: ₦3.89b (up 14% from FY 2025). Net income: ₦195.3m (down 57% from FY 2025). Profit margin: 5.0% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 41% per year.
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₦5.10, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 10x in the Media industry in Africa. Total returns to shareholders of 150% over the past three years.
お知らせ • May 21University Press Plc to Report Fiscal Year 2026 Results on Jun 24, 2026University Press Plc announced that they will report fiscal year 2026 results on Jun 24, 2026
New Risk • May 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Nigerian stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.16b market cap, or US$1.57m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.7% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin). Revenue is less than US$5m (₦3.9b revenue, or US$2.8m).
Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₦4.00, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 140% over the past three years.
New Risk • May 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.0% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.16b market cap, or US$1.59m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.0% net profit margin). Revenue is less than US$5m (₦3.9b revenue, or US$2.9m).
Reported Earnings • May 06Full year 2026 earnings released: EPS: ₦0.45 (vs ₦1.05 in FY 2025)Full year 2026 results: EPS: ₦0.45 (down from ₦1.05 in FY 2025). Revenue: ₦3.89b (up 14% from FY 2025). Net income: ₦195.3m (down 57% from FY 2025). Profit margin: 5.0% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 41% per year.
Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₦5.80, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 213% over the past three years.
New Risk • Jan 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.48b market cap, or US$1.79m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Revenue is less than US$5m (₦3.9b revenue, or US$2.8m).
Board Change • Jan 05Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Tracie Utoh-Ezeajugha was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Dec 10Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Tracie Utoh-Ezeajugha was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₦6.00, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 253% over the past three years.
Reported Earnings • Nov 02Second quarter 2026 earnings released: EPS: ₦1.24 (vs ₦1.96 in 2Q 2025)Second quarter 2026 results: EPS: ₦1.24 (down from ₦1.96 in 2Q 2025). Revenue: ₦2.76b (up 16% from 2Q 2025). Net income: ₦537.0m (down 37% from 2Q 2025). Profit margin: 19% (down from 36% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Sep 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Tracie Utoh-Ezeajugha was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Sep 11Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₦5.99, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 259% over the past three years.
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to ₦5.54, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 226% over the past three years.
Upcoming Dividend • Aug 18Upcoming dividend of ₦0.15 per shareEligible shareholders must have bought the stock before 25 August 2025. Payment date: 18 September 2025. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Nigerian dividend payers (4.0%). Lower than average of industry peers (7.2%).
Valuation Update With 7 Day Price Move • Aug 08Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦6.15, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 222% over the past three years.
Reported Earnings • Jul 31First quarter 2026 earnings released: ₦0.42 loss per share (vs ₦0.38 loss in 1Q 2025)First quarter 2026 results: ₦0.42 loss per share (further deteriorated from ₦0.38 loss in 1Q 2025). Revenue: ₦342.6m (up 120% from 1Q 2025). Net loss: ₦179.1m (loss widened 9.2% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 03New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). High level of non-cash earnings (47% accrual ratio). Market cap is less than US$10m (₦2.39b market cap, or US$1.56m). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (₦3.4b revenue, or US$2.2m).
Board Change • Jul 03Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Tracie Utoh-Ezeajugha was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Declared Dividend • Jul 02Dividend of ₦0.15 announcedShareholders will receive a dividend of ₦0.15. Ex-date: 25th August 2025 Payment date: 18th September 2025 Dividend yield will be 2.7%, which is lower than the industry average of 3.1%.
お知らせ • Jul 02+ 1 more updateUniversity Press Plc, Annual General Meeting, Sep 18, 2025University Press Plc, Annual General Meeting, Sep 18, 2025, at 11:00 W. Central Africa Standard Time. Location: kakanfo inn, ibadan, oyo state, Nigeria
Valuation Update With 7 Day Price Move • Jun 23Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦6.02, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 132% over the past three years.
New Risk • May 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Nigerian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (47% accrual ratio). Market cap is less than US$10m (₦2.20b market cap, or US$1.39m). Minor Risk Revenue is less than US$5m (₦3.4b revenue, or US$2.1m).
お知らせ • May 22University Press Plc to Report Fiscal Year 2025 Results on Jun 18, 2025University Press Plc announced that they will report fiscal year 2025 results on Jun 18, 2025
Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₦3.97, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 40% over the past three years.
New Risk • May 13New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (47% accrual ratio). Market cap is less than US$10m (₦2.08b market cap, or US$1.30m). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (₦3.4b revenue, or US$2.1m).
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦3.74, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 55% over the past three years.
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₦5.60, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 12x in the Media industry in Africa. Total returns to shareholders of 140% over the past three years.
New Risk • Jan 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 884% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.01b market cap, or US$1.31m). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.9% net profit margin). Revenue is less than US$5m (₦3.3b revenue, or US$2.1m).
Reported Earnings • Jan 24Third quarter 2025 earnings released: ₦0.40 loss per share (vs ₦0.28 loss in 3Q 2024)Third quarter 2025 results: ₦0.40 loss per share (further deteriorated from ₦0.28 loss in 3Q 2024). Revenue: ₦483.8m (up 68% from 3Q 2024). Net loss: ₦172.6m (loss widened 45% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Jan 14Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 89% to ₦4.81. The fair value is estimated to be ₦3.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 59%.
Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₦4.45, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 68% over the past three years.
Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₦4.18, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 58% over the past three years.
New Risk • Nov 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 1,804% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (₦1.51b market cap, or US$893.9k). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (₦3.1b revenue, or US$1.8m).
Buy Or Sell Opportunity • Nov 13Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 49% to ₦3.60. The fair value is estimated to be ₦2.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 59%.
Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₦3.30, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 7x in the Media industry in Africa. Total returns to shareholders of 72% over the past three years.
Reported Earnings • Oct 31Second quarter 2025 earnings released: EPS: ₦1.96 (vs ₦1.03 in 2Q 2024)Second quarter 2025 results: EPS: ₦1.96 (up from ₦1.03 in 2Q 2024). Revenue: ₦2.38b (up 31% from 2Q 2024). Net income: ₦847.3m (up 91% from 2Q 2024). Profit margin: 36% (up from 25% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Upcoming Dividend • Aug 29Upcoming dividend of ₦0.025 per shareEligible shareholders must have bought the stock before 05 September 2024. Payment date: 26 September 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Nigerian dividend payers (6.8%). Lower than average of industry peers (7.3%).
Reported Earnings • Jul 30First quarter 2025 earnings released: ₦0.38 loss per share (vs ₦0.23 loss in 1Q 2024)First quarter 2025 results: ₦0.38 loss per share (further deteriorated from ₦0.23 loss in 1Q 2024). Revenue: ₦156.1m (down 43% from 1Q 2024). Net loss: ₦164.1m (loss widened 65% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
お知らせ • Jul 06University Press Plc, Annual General Meeting, Sep 26, 2024University Press Plc, Annual General Meeting, Sep 26, 2024, at 11:00 W. Central Africa Standard Time.
Valuation Update With 7 Day Price Move • May 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₦2.05, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 101% over the past three years.
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to ₦3.00, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 165% over the past three years.
Reported Earnings • Jan 23Third quarter 2024 earnings released: ₦0.28 loss per share (vs ₦0.26 loss in 3Q 2023)Third quarter 2024 results: ₦0.28 loss per share (further deteriorated from ₦0.26 loss in 3Q 2023). Revenue: ₦287.5m (up 7.5% from 3Q 2023). Net loss: ₦119.0m (loss widened 7.9% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jan 09Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦2.90, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 166% over the past three years.
Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₦2.75, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 150% over the past three years.
Reported Earnings • Oct 29Second quarter 2024 earnings released: EPS: ₦1.03 (vs ₦1.13 in 2Q 2023)Second quarter 2024 results: EPS: ₦1.03 (down from ₦1.13 in 2Q 2023). Revenue: ₦1.81b (up 17% from 2Q 2023). Net income: ₦444.8m (down 10% from 2Q 2023). Profit margin: 25% (down from 32% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 25Upcoming dividend of ₦0.10 per share at 4.2% yieldEligible shareholders must have bought the stock before 01 September 2023. Payment date: 21 September 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Nigerian dividend payers (6.6%). Lower than average of industry peers (7.3%).
New Risk • Aug 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Nigerian stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦975.0m market cap, or US$1.28m). Minor Risks Paying a dividend despite having no free cash flows. Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (₦2.2b revenue, or US$2.9m).
Reported Earnings • Jul 30First quarter 2024 earnings released: ₦0.22 loss per share (vs ₦0.38 loss in 1Q 2023)First quarter 2024 results: ₦0.22 loss per share (improved from ₦0.38 loss in 1Q 2023). Revenue: ₦275.8m (up 36% from 1Q 2023). Net loss: ₦95.6m (loss narrowed 42% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 24%After last week's 24% share price gain to ₦2.76, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 7x in the Media industry in Africa. Total returns to shareholders of 233% over the past three years.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₦2.75, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 7x in the Media industry in Africa. Total returns to shareholders of 232% over the past three years.
Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₦2.05, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 140% over the past three years.
Reported Earnings • Apr 30Full year 2023 earnings released: EPS: ₦0.32 (vs ₦0.48 in FY 2022)Full year 2023 results: EPS: ₦0.32 (down from ₦0.48 in FY 2022). Revenue: ₦2.16b (down 6.2% from FY 2022). Net income: ₦136.4m (down 34% from FY 2022). Profit margin: 6.3% (down from 9.0% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jan 27Third quarter 2023 earnings released: ₦0.26 loss per share (vs ₦0.09 profit in 3Q 2022)Third quarter 2023 results: ₦0.26 loss per share (down from ₦0.09 profit in 3Q 2022). Revenue: ₦267.5m (down 36% from 3Q 2022). Net loss: ₦110.3m (down 376% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Theodora Ezeigbo was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 26Second quarter 2023 earnings released: EPS: ₦1.07 (vs ₦0.85 in 2Q 2022)Second quarter 2023 results: EPS: ₦1.07 (up from ₦0.85 in 2Q 2022). Revenue: ₦1.55b (up 12% from 2Q 2022). Net income: ₦462.4m (up 27% from 2Q 2022). Profit margin: 30% (up from 26% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 25Upcoming dividend of ₦0.10 per shareEligible shareholders must have bought the stock before 01 September 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Nigerien dividend payers (8.3%). In line with average of industry peers (5.1%).
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ₦1.72, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 44% over the past three years.
Reported Earnings • Jul 31First quarter 2023 earnings released: ₦0.38 loss per share (vs ₦0.35 loss in 1Q 2022)First quarter 2023 results: ₦0.38 loss per share (down from ₦0.35 loss in 1Q 2022). Revenue: ₦202.4m (up 9.5% from 1Q 2022). Net loss: ₦164.7m (loss widened 9.4% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 29Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₦2.35, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 65% over the past three years.
Valuation Update With 7 Day Price Move • May 31Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₦2.60, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 71% over the past three years.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improved over the past weekAfter last week's 20% share price gain to ₦2.94, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 106% over the past three years.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Theodora Ezeigbo was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₦2.91, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 60% over the past three years.
Reported Earnings • Jan 29Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: ₦0.093 (down from ₦0.18 in 3Q 2021). Revenue: ₦415.0m (down 37% from 3Q 2021). Net income: ₦40.0m (down 50% from 3Q 2021). Profit margin: 9.6% (down from 12% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year.
Board Change • Dec 06Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. Independent Director Theodora Ezeigbo was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 26Investor sentiment improved over the past weekAfter last week's 28% share price gain to ₦2.94, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 90% over the past three years.
Reported Earnings • Oct 30Second quarter 2022 earnings released: EPS ₦0.91 (vs ₦0.051 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₦1.38b (up ₦1.17b from 2Q 2021). Net income: ₦394.2m (up ₦416.5m from 2Q 2021). Profit margin: 28% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improved over the past weekAfter last week's 20% share price gain to ₦1.80, the stock trades at a trailing P/E ratio of 52.9x. Average trailing P/E is 15x in the Media industry in Africa. Total returns to shareholders of 6.9% over the past three years.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improved over the past weekAfter last week's 21% share price gain to ₦1.23, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 15x in the Media industry in Africa. Total loss to shareholders of 22% over the past three years.
Valuation Update With 7 Day Price Move • Sep 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₦1.02, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 19x in the Media industry in Africa. Total loss to shareholders of 34% over the past three years.
Upcoming Dividend • Aug 25Upcoming dividend of ₦0.05 per shareEligible shareholders must have bought the stock before 01 September 2021. Payment date: 23 September 2021. Trailing yield: 4.1%. Lower than top quartile of Nigerien dividend payers (7.3%). Lower than average of industry peers (5.2%).
Reported Earnings • Aug 01First quarter 2022 earnings released: ₦0.35 loss per share (vs ₦0.18 loss in 1Q 2021)The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2022 results: Revenue: ₦184.9m (up 122% from 1Q 2021). Net loss: ₦150.4m (loss widened 98% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 20% share price gain to ₦1.40, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 14x in the Media industry in Africa. Total loss to shareholders of 17% over the past three years.
Reported Earnings • May 05Full year 2021 earnings released: EPS ₦0.093 (vs ₦0.29 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₦1.42b (down 31% from FY 2020). Net income: ₦40.1m (down 69% from FY 2020). Profit margin: 2.8% (down from 6.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Feb 18New 90-day low: ₦1.20The company is down 5.0% from its price of ₦1.26 on 20 November 2020. The Nigerien market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 2.0% over the same period.
Reported Earnings • Jan 31Third quarter 2021 earnings released: EPS ₦0.18 (vs ₦0.32 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₦661.7m (up 207% from 3Q 2020). Net income: ₦79.4m (up ₦216.1m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 68% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 01First half earnings releasedOver the last 12 months the company has reported total losses of ₦310.8m, with earnings decreasing by ₦448.0m from the prior year. Total revenue was ₦702.6m over the last 12 months, down 68% from the prior year.
Valuation Update With 7 Day Price Move • Oct 29Market bids up stock over the past weekAfter last week's 16% share price gain to ₦1.40, the stock is trading at a trailing P/E ratio of 3.7x, up from the previous P/E ratio of 3.2x. This compares to an average P/E of 8x in the Media industry in Africa. Total return to shareholders over the past three years is a loss of 17%.
