Nigerian Enamelware (ENAMELWA) 주식 개요나이지리아 에나멜웨어 PLC는 나이지리아에서 에나멜웨어 제품의 제조, 마케팅 및 판매에 종사합니다. 자세히 보기ENAMELWA 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적0/6재무 건전성3/6배당0/6강점공정 가치 추정치보다 낮은 88.4% 에서 거래위험 분석마이너스 주주 지분지난 5년간 매년 수익이 15.5% 감소했습니다.수익이 USD$1m 미만입니다(NGN1B)의미 있는 시가총액이 없습니다(NGN3B)모든 위험 점검 보기ENAMELWA Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW469,165 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA469,165 investors already sharing narrativesYour Fair Value₦Current Price₦40.7070.4% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-3b6b2016201920222025202620282031Revenue ₦6.4bEarnings ₦419.2mAdvancedSet Fair ValueView all narrativesNigerian Enamelware PLC 경쟁사Kedaung Indah CanSymbol: IDX:KICIMarket cap: Rp53.8bIndustrias EstraSymbol: BVC:ESTRAMarket cap: Col$8.9bHome PotterySymbol: SET:HPTMarket cap: ฿92.7mYALCO - Socrates D. Constantinou & SonSymbol: ATSE:YALCOMarket cap: €2.1m가격 이력 및 성과Nigerian Enamelware 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가₦40.7052주 최고가₦45.0052주 최저가₦29.40베타0.0411개월 변동0%3개월 변동10.00%1년 변동24.66%3년 변동131.91%5년 변동151.23%IPO 이후 변동2,448.18%최근 뉴스 및 업데이트Reported Earnings • May 26Full year 2026 earnings released: ₦0.58 loss per share (vs ₦0.20 profit in FY 2025)Full year 2026 results: ₦0.58 loss per share (down from ₦0.20 profit in FY 2025). Revenue: ₦1.30b (down 9.0% from FY 2025). Net loss: ₦44.2m (down 385% from profit in FY 2025). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.Board Change • May 20Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. 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 • Feb 26Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 28Second quarter 2026 earnings released: ₦0.07 loss per share (vs ₦0.096 loss in 2Q 2025)Second quarter 2026 results: ₦0.07 loss per share (improved from ₦0.096 loss in 2Q 2025). Revenue: ₦404.5m (up 39% from 2Q 2025). Net loss: ₦5.63m (loss narrowed 23% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings.Board Change • Nov 17Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. 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 • Oct 20Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.더 많은 업데이트 보기Recent updatesReported Earnings • May 26Full year 2026 earnings released: ₦0.58 loss per share (vs ₦0.20 profit in FY 2025)Full year 2026 results: ₦0.58 loss per share (down from ₦0.20 profit in FY 2025). Revenue: ₦1.30b (down 9.0% from FY 2025). Net loss: ₦44.2m (down 385% from profit in FY 2025). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.Board Change • May 20Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. 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 • Feb 26Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 28Second quarter 2026 earnings released: ₦0.07 loss per share (vs ₦0.096 loss in 2Q 2025)Second quarter 2026 results: ₦0.07 loss per share (improved from ₦0.096 loss in 2Q 2025). Revenue: ₦404.5m (up 39% from 2Q 2025). Net loss: ₦5.63m (loss narrowed 23% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings.Board Change • Nov 17Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. 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 • Oct 20Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. 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 • Sep 30Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공고 • Sep 25Nigerian Enamelware PLC, Annual General Meeting, Nov 06, 2025Nigerian Enamelware PLC, Annual General Meeting, Nov 06, 2025, at 10:00 W. Central Africa Standard Time. Location: adeoti holl, conference hotel limited, i a & `lb, confeience avenue gra ljebu ode, ogun stote, NigeriaBoard Change • Sep 08Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 31First quarter 2026 earnings released: ₦1.06 loss per share (vs ₦1.42 profit in 1Q 2025)First quarter 2026 results: ₦1.06 loss per share (down from ₦1.42 profit in 1Q 2025). Revenue: ₦46.6m (down 92% from 1Q 2025). Net loss: ₦80.5m (down 175% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings.Reported Earnings • Jul 30Full year 2025 earnings released: EPS: ₦0.20 (vs ₦34.17 loss in FY 2024)Full year 2025 results: EPS: ₦0.20 (up from ₦34.17 loss in FY 2024). Revenue: ₦1.43b (up 99% from FY 2024). Net income: ₦15.5m (up ₦2.61b from FY 2024). Profit margin: 1.1% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦24.55, the stock trades at a trailing P/E ratio of 47.1x. Average trailing P/E is 7x in the Consumer Durables industry in Africa. Total returns to shareholders of 52% over the past three years.Board Change • Jul 09Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Robert Tung was the last independent director to join the board, commencing their role in 2021. 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 • Jun 13Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Robert Tung was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • May 31Full year 2025 earnings released: EPS: ₦0.52 (vs ₦34.17 loss in FY 2024)Full year 2025 results: EPS: ₦0.52 (up from ₦34.17 loss in FY 2024). Revenue: ₦1.43b (up 99% from FY 2024). Net income: ₦39.6m (up ₦2.64b from FY 2024). Profit margin: 2.8% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Board Change • May 28Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Robert Tung was the last independent director to join the board, commencing their role in 2021. 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 • Mar 14Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Robert Tung was the last independent director to join the board, commencing their role in 2021. 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 • Feb 17Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Robert Tung was the last independent director to join the board, commencing their role in 2021. 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 • Jan 30Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Robert Tung was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.New Risk • Sep 08New major risk - Negative shareholders equityThe company has negative equity. Total equity: -₦636m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₦636m). Revenue is less than US$1m (₦1.2b revenue, or US$754k). Market cap is less than US$10m (₦1.47b market cap, or US$905.4k).공고 • Jul 31Nigerian Enamelware PLC, Annual General Meeting, Sep 26, 2024Nigerian Enamelware PLC, Annual General Meeting, Sep 26, 2024, at 10:00 W. Central Africa Standard Time. Location: osun holl, logos airporl hotel, awolowo woy, lkejo, logos NigeriaNew Risk • Jul 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₦1.0b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₦1.0b free cash flow). Revenue is less than US$1m (₦718m revenue, or US$466k). Market cap is less than US$10m (₦1.47b market cap, or US$952.4k).Reported Earnings • Aug 31First quarter 2024 earnings released: ₦0.91 loss per share (vs ₦0.20 loss in 1Q 2023)First quarter 2024 results: ₦0.91 loss per share (further deteriorated from ₦0.20 loss in 1Q 2023). Net loss: ₦68.9m (loss widened 349% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 13Full year 2023 earnings released: EPS: ₦22.18 (vs ₦5.67 loss in FY 2022)Full year 2023 results: EPS: ₦22.18 (up from ₦5.67 loss in FY 2022). Net income: ₦1.69b (up ₦2.12b from FY 2022). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • May 30Full year 2023 earnings released: ₦1.00 loss per share (vs ₦5.67 loss in FY 2022)Full year 2023 results: ₦1.00 loss per share (improved from ₦5.67 loss in FY 2022). Net loss: ₦76.3m (loss narrowed 82% from FY 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • Dec 02Second quarter 2023 earnings released: EPS: ₦0.03 (vs ₦0.79 loss in 2Q 2022)Second quarter 2023 results: EPS: ₦0.03 (up from ₦0.79 loss in 2Q 2022). Net income: ₦2.60m (up ₦62.5m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Baale Ogunlowo is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Nov 27Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: ₦0.79 loss per share (down from ₦0.74 loss in 2Q 2021). Revenue: ₦142.7m (up 53% from 2Q 2021). Net loss: ₦59.9m (loss widened 5.8% from 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Mar 04New 90-day low: ₦19.90The company is down 10.0% from its price of ₦22.10 on 04 December 2020. The Nigerien market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is down 4.0% over the same period.Is New 90 Day High Low • Oct 13New 90-day low: ₦21.00The company is down 5.0% from its price of ₦22.10 on 15 July 2020. The Nigerien market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 1.0% over the same period.주주 수익률ENAMELWANG Consumer DurablesNG 시장7D0%0.2%-1.9%1Y24.7%46.8%54.6%전체 주주 수익률 보기수익률 대 산업: ENAMELWA은 지난 1년 동안 46.8%의 수익을 기록한 NG Consumer Durables 산업보다 저조한 성과를 냈습니다.수익률 대 시장: ENAMELWA은 지난 1년 동안 54.6%를 기록한 NG 시장보다 저조한 성과를 냈습니다.주가 변동성Is ENAMELWA's price volatile compared to industry and market?ENAMELWA volatilityENAMELWA Average Weekly Movement2.8%Consumer Durables Industry Average Movement5.7%Market Average Movement7.0%10% most volatile stocks in NG Market9.9%10% least volatile stocks in NG Market3.9%안정적인 주가: ENAMELWA는 지난 3개월 동안 NG 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: ENAMELWA의 주간 변동성(3%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트196080Taiwo Alliwww.newcoplcng.com나이지리아 에나멜웨어 PLC는 나이지리아에서 에나멜웨어 제품의 제조, 마케팅 및 판매에 종사합니다. 이 회사는 세 가지 부문으로 운영됩니다: 에나멜웨어 판매, 플라스틱 판매, 아연 도금 버킷 판매입니다. 이 회사는 강철 코일, 에나멜, 금형 등의 원자재를 제공합니다.더 보기Nigerian Enamelware PLC 기초 지표 요약Nigerian Enamelware의 순이익과 매출은 시가총액과 어떻게 비교됩니까?ENAMELWA 기초 통계시가총액₦3.09b순이익 (TTM)-₦44.16m매출 (TTM)₦1.30b2.4x주가매출비율(P/S)-70.1x주가수익비율(P/E)ENAMELWA는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표ENAMELWA 손익계산서 (TTM)매출₦1.30b매출원가₦1.25b총이익₦48.82m기타 비용₦92.99m순이익-₦44.16m최근 보고된 실적Apr 30, 2026다음 실적 발표일해당 없음주당순이익(EPS)-0.58총이익률3.75%순이익률-3.39%부채/자본 비율0%ENAMELWA의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/12 12:56종가2026/08/12 00:00수익2026/04/30연간 수익2026/04/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Nigerian Enamelware PLC는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • May 26Full year 2026 earnings released: ₦0.58 loss per share (vs ₦0.20 profit in FY 2025)Full year 2026 results: ₦0.58 loss per share (down from ₦0.20 profit in FY 2025). Revenue: ₦1.30b (down 9.0% from FY 2025). Net loss: ₦44.2m (down 385% from profit in FY 2025). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.
Board Change • May 20Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. 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 • Feb 26Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 28Second quarter 2026 earnings released: ₦0.07 loss per share (vs ₦0.096 loss in 2Q 2025)Second quarter 2026 results: ₦0.07 loss per share (improved from ₦0.096 loss in 2Q 2025). Revenue: ₦404.5m (up 39% from 2Q 2025). Net loss: ₦5.63m (loss narrowed 23% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings.
Board Change • Nov 17Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. 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 • Oct 20Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • May 26Full year 2026 earnings released: ₦0.58 loss per share (vs ₦0.20 profit in FY 2025)Full year 2026 results: ₦0.58 loss per share (down from ₦0.20 profit in FY 2025). Revenue: ₦1.30b (down 9.0% from FY 2025). Net loss: ₦44.2m (down 385% from profit in FY 2025). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.
Board Change • May 20Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. 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 • Feb 26Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 28Second quarter 2026 earnings released: ₦0.07 loss per share (vs ₦0.096 loss in 2Q 2025)Second quarter 2026 results: ₦0.07 loss per share (improved from ₦0.096 loss in 2Q 2025). Revenue: ₦404.5m (up 39% from 2Q 2025). Net loss: ₦5.63m (loss narrowed 23% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings.
Board Change • Nov 17Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. 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 • Oct 20Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. 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 • Sep 30Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공고 • Sep 25Nigerian Enamelware PLC, Annual General Meeting, Nov 06, 2025Nigerian Enamelware PLC, Annual General Meeting, Nov 06, 2025, at 10:00 W. Central Africa Standard Time. Location: adeoti holl, conference hotel limited, i a & `lb, confeience avenue gra ljebu ode, ogun stote, Nigeria
Board Change • Sep 08Less 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Sunday Ogunnowo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 31First quarter 2026 earnings released: ₦1.06 loss per share (vs ₦1.42 profit in 1Q 2025)First quarter 2026 results: ₦1.06 loss per share (down from ₦1.42 profit in 1Q 2025). Revenue: ₦46.6m (down 92% from 1Q 2025). Net loss: ₦80.5m (down 175% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings.
Reported Earnings • Jul 30Full year 2025 earnings released: EPS: ₦0.20 (vs ₦34.17 loss in FY 2024)Full year 2025 results: EPS: ₦0.20 (up from ₦34.17 loss in FY 2024). Revenue: ₦1.43b (up 99% from FY 2024). Net income: ₦15.5m (up ₦2.61b from FY 2024). Profit margin: 1.1% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦24.55, the stock trades at a trailing P/E ratio of 47.1x. Average trailing P/E is 7x in the Consumer Durables industry in Africa. Total returns to shareholders of 52% over the past three years.
Board Change • Jul 09Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Robert Tung was the last independent director to join the board, commencing their role in 2021. 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 • Jun 13Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Robert Tung was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • May 31Full year 2025 earnings released: EPS: ₦0.52 (vs ₦34.17 loss in FY 2024)Full year 2025 results: EPS: ₦0.52 (up from ₦34.17 loss in FY 2024). Revenue: ₦1.43b (up 99% from FY 2024). Net income: ₦39.6m (up ₦2.64b from FY 2024). Profit margin: 2.8% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Board Change • May 28Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Robert Tung was the last independent director to join the board, commencing their role in 2021. 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 • Mar 14Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Robert Tung was the last independent director to join the board, commencing their role in 2021. 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 • Feb 17Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Robert Tung was the last independent director to join the board, commencing their role in 2021. 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 • Jan 30Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Robert Tung was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
New Risk • Sep 08New major risk - Negative shareholders equityThe company has negative equity. Total equity: -₦636m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₦636m). Revenue is less than US$1m (₦1.2b revenue, or US$754k). Market cap is less than US$10m (₦1.47b market cap, or US$905.4k).
공고 • Jul 31Nigerian Enamelware PLC, Annual General Meeting, Sep 26, 2024Nigerian Enamelware PLC, Annual General Meeting, Sep 26, 2024, at 10:00 W. Central Africa Standard Time. Location: osun holl, logos airporl hotel, awolowo woy, lkejo, logos Nigeria
New Risk • Jul 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₦1.0b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₦1.0b free cash flow). Revenue is less than US$1m (₦718m revenue, or US$466k). Market cap is less than US$10m (₦1.47b market cap, or US$952.4k).
Reported Earnings • Aug 31First quarter 2024 earnings released: ₦0.91 loss per share (vs ₦0.20 loss in 1Q 2023)First quarter 2024 results: ₦0.91 loss per share (further deteriorated from ₦0.20 loss in 1Q 2023). Net loss: ₦68.9m (loss widened 349% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 13Full year 2023 earnings released: EPS: ₦22.18 (vs ₦5.67 loss in FY 2022)Full year 2023 results: EPS: ₦22.18 (up from ₦5.67 loss in FY 2022). Net income: ₦1.69b (up ₦2.12b from FY 2022). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • May 30Full year 2023 earnings released: ₦1.00 loss per share (vs ₦5.67 loss in FY 2022)Full year 2023 results: ₦1.00 loss per share (improved from ₦5.67 loss in FY 2022). Net loss: ₦76.3m (loss narrowed 82% from FY 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Dec 02Second quarter 2023 earnings released: EPS: ₦0.03 (vs ₦0.79 loss in 2Q 2022)Second quarter 2023 results: EPS: ₦0.03 (up from ₦0.79 loss in 2Q 2022). Net income: ₦2.60m (up ₦62.5m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Baale Ogunlowo is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 27Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: ₦0.79 loss per share (down from ₦0.74 loss in 2Q 2021). Revenue: ₦142.7m (up 53% from 2Q 2021). Net loss: ₦59.9m (loss widened 5.8% from 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Mar 04New 90-day low: ₦19.90The company is down 10.0% from its price of ₦22.10 on 04 December 2020. The Nigerien market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is down 4.0% over the same period.
Is New 90 Day High Low • Oct 13New 90-day low: ₦21.00The company is down 5.0% from its price of ₦22.10 on 15 July 2020. The Nigerien market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 1.0% over the same period.
