Learn Africa (LEARNAFRCA) 주식 개요Learn Africa Plc는 나이지리아에서 유아, 초등, 중등, 고등 수준의 학습을 위한 교육 자료와 교과서를 출판, 배포 및 마케팅하는 회사입니다. 자세히 보기LEARNAFRCA 펀더멘털 분석스노우플레이크 점수가치 평가4/6미래 성장0/6과거 실적5/6재무 건전성6/6배당3/6강점공정 가치 추정치보다 낮은 34.5% 에서 거래지난 1년간 수익이 71.1% 증가했습니다.위험 분석지난 3개월 동안 주가 변동성이 NG 시장과 비교했을 때 매우 높았습니다.의미 있는 시가총액이 없습니다(NGN10B)불안정한 배당 실적의미 있는 수익이 없습니다(NGN6B)모든 위험 점검 보기LEARNAFRCA Community Fair Values Create NarrativeSee what 13 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₦Current Price₦12.9047.6% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-701m13b2016201920222025202620282031Revenue ₦13.1bEarnings ₦1.7bAdvancedSet Fair ValueView all narrativesLearn Africa Plc 경쟁사University PressSymbol: NGSE:UPLMarket cap: ₦2.6bSao Thang Long InvestmentSymbol: HNX:DSTMarket cap: ₫145.0bPhuong Nam Education Investment and Development JSCSymbol: HNX:SEDMarket cap: ₫162.3bTempo Inti MediaSymbol: IDX:TMPOMarket cap: Rp114.3b가격 이력 및 성과Learn Africa 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가₦12.9052주 최고가₦14.3552주 최저가₦3.80베타0.171개월 변동38.71%3개월 변동43.33%1년 변동221.70%3년 변동499.69%5년 변동1,243.75%IPO 이후 변동2,439.73%최근 뉴스 및 업데이트Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 32%After last week's 32% share price gain to ₦10.85, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 465% over the past three years.Board Change • May 04Less 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. 2 experienced directors. 7 highly experienced directors. 1 independent director (8 non-independent directors). Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. 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 • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₦8.25, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 373% over the past three years.New Risk • Feb 25New 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 9.8% 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 (₦7.81b market cap, or US$5.77m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.8% average weekly change). Revenue is less than US$5m (₦5.9b revenue, or US$4.4m).Reported Earnings • Jan 31Third quarter 2026 earnings releasedThird quarter 2026 results: Revenue: ₦3.33b (down 5.6% from 3Q 2025). Net income: ₦852.6m (up 8.9% from 3Q 2025). Profit margin: 26% (up from 22% in 3Q 2025). The increase in margin was driven by lower expenses.Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₦7.15, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 310% over the past three years.더 많은 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 32%After last week's 32% share price gain to ₦10.85, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 465% over the past three years.Board Change • May 04Less 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. 2 experienced directors. 7 highly experienced directors. 1 independent director (8 non-independent directors). Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. 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 • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₦8.25, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 373% over the past three years.New Risk • Feb 25New 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 9.8% 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 (₦7.81b market cap, or US$5.77m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.8% average weekly change). Revenue is less than US$5m (₦5.9b revenue, or US$4.4m).Reported Earnings • Jan 31Third quarter 2026 earnings releasedThird quarter 2026 results: Revenue: ₦3.33b (down 5.6% from 3Q 2025). Net income: ₦852.6m (up 8.9% from 3Q 2025). Profit margin: 26% (up from 22% in 3Q 2025). The increase in margin was driven by lower expenses.Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₦7.15, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 310% over the past three years.Reported Earnings • Nov 02Second quarter 2026 earnings releasedSecond quarter 2026 results: Revenue: ₦2.04b (up 60% from 2Q 2025). Net income: ₦609.7m (up 293% from 2Q 2025). Profit margin: 30% (up from 12% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 63% per year, which means it is well ahead of earnings.Board Change • Oct 15Less 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. 2 experienced directors. 7 highly experienced directors. 1 independent director (8 non-independent directors). Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. 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 29Less 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. 2 experienced directors. 7 highly experienced directors. 1 independent director (8 non-independent directors). Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Sep 08Upcoming dividend of ₦0.35 per shareEligible shareholders must have bought the stock before 15 September 2025. Payment date: 25 September 2025. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 4.4%. Within top quartile of Nigerian dividend payers (4.3%). Lower than average of industry peers (7.4%).공시 • Aug 21Learn Africa Plc, Annual General Meeting, Sep 25, 2025Learn Africa Plc, Annual General Meeting, Sep 25, 2025, at 11:00 W. Central Africa Standard Time. Location: company head office, felix iwerebon house, 52 oba akran avenue, ikeja, lagos NigeriaValuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₦7.70, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 352% over the past three years.Reported Earnings • Jul 31First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: ₦295.5m (up 135% from 1Q 2025). Net loss: ₦354.9m (loss widened 147% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₦6.93, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 252% over the past three years.Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₦6.01, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 217% over the past three years.공시 • Jul 02Learn Africa Plc announces Annual dividendLearn Africa Plc announced Annual dividend of NGN 0.3500 per share, ex-date on September 15, 2025 and record date on September 12, 2025.Valuation Update With 7 Day Price Move • Jun 27Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₦5.10, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 199% over the past three years.Buy Or Sell Opportunity • Jun 25Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 40% to ₦4.64. The fair value is estimated to be ₦3.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 13%.New Risk • May 11New 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). Market cap is less than US$10m (₦3.86b market cap, or US$2.41m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Revenue is less than US$5m (₦5.2b revenue, or US$3.2m).Reported Earnings • May 02Full year 2025 earnings released: EPS: ₦0.64 (vs ₦0.013 in FY 2024)Full year 2025 results: EPS: ₦0.64 (up from ₦0.013 in FY 2024). Revenue: ₦5.18b (up 27% from FY 2024). Net income: ₦494.0m (up ₦482.9m from FY 2024). Profit margin: 9.5% (up from 0.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 25Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₦3.89, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 163% over the past three years.Buy Or Sell Opportunity • Feb 28Now 24% undervaluedThe stock has been flat over the last 90 days, currently trading at ₦3.30. The fair value is estimated to be ₦4.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 16%.Reported Earnings • Feb 01Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ₦3.52b (up 87% from 3Q 2024). Net income: ₦782.9m (up 65% from 3Q 2024). Profit margin: 22% (down from 25% in 3Q 2024). The decrease in margin was driven by higher expenses.New Risk • Jan 11New 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 8.2% 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 (₦5.03b market cap, or US$3.26m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Revenue is less than US$5m (₦4.0b revenue, or US$2.6m).Board Change • Dec 03Less 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. 2 experienced directors. 7 highly experienced directors. 1 independent director (8 non-independent directors). Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. 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 01Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: ₦1.28b (up 48% from 2Q 2024). Net income: ₦155.0m (up 89% from 2Q 2024). Profit margin: 12% (up from 9.5% in 2Q 2024).New Risk • Sep 12New 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 7.8% 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 (₦2.59b market cap, or US$1.59m). Minor Risks Dividend is not well covered by cash flows (135% cash payout ratio). Share price has been volatile over the past 3 months (7.8% average weekly change). Revenue is less than US$5m (₦3.6b revenue, or US$2.2m).Reported Earnings • Aug 01First quarter 2025 earnings released: ₦0.27 loss per share (vs ₦0.018 profit in 1Q 2024)First quarter 2025 results: ₦0.27 loss per share (down from ₦0.018 profit in 1Q 2024). Revenue: ₦125.6m (down 79% from 1Q 2024). Net loss: ₦205.5m (down ₦219.6m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings.공시 • Jul 13Learn Africa Plc, Annual General Meeting, Sep 26, 2024Learn Africa Plc, Annual General Meeting, Sep 26, 2024, at 11:00 W. Central Africa Standard Time. Location: felix iwerebon house, 52 oba akran avenue, ikeja lagos, lagos NigeriaNew Risk • Jul 05New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.3% Last year net profit margin: 12% 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 (₦2.47b market cap, or US$1.63m). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Revenue is less than US$5m (₦4.1b revenue, or US$2.7m).Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦3.63, 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 362% over the past three years.Reported Earnings • May 02Full year 2024 earnings released: EPS: ₦0.56 (vs ₦0.56 in FY 2023)Full year 2024 results: EPS: ₦0.56 (up from ₦0.56 in FY 2023). Revenue: ₦4.08b (up 18% from FY 2023). Net income: ₦430.9m (flat on FY 2023). Profit margin: 11% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Jan 31Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: ₦1.88b (up 25% from 3Q 2023). Net income: ₦474.7m (up 24% from 3Q 2023). Profit margin: 25% (in line with 3Q 2023).Valuation Update With 7 Day Price Move • Sep 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₦3.29, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 331% over the past three years.Upcoming Dividend • Sep 04Upcoming dividend of ₦0.25 per share at 6.8% yieldEligible shareholders must have bought the stock before 11 September 2023. Payment date: 26 September 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 6.8%. Within top quartile of Nigerian dividend payers (6.5%). In line with average of industry peers (7.3%).New Risk • Jul 30New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 32% 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 (32% accrual ratio). Market cap is less than US$10m (₦3.12b market cap, or US$4.03m). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (₦3.8b revenue, or US$5.0m).Reported Earnings • Jul 30First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: ₦599.8m (up 161% from 1Q 2023). Net income: ₦14.2m (up ₦152.8m from 1Q 2023). Profit margin: 2.4% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 45%After last week's 45% share price gain to ₦4.23, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 409% over the past three years.Valuation Update With 7 Day Price Move • Jun 27Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦2.92, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 7x in the Media industry in Africa. Total returns to shareholders of 189% over the past three years.New Risk • Jun 23New minor risk - Revenue sizeThe company makes less than US$5m in revenue. Total revenue: ₦3.5b (US$4.3m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.05b market cap, or US$2.53m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Revenue is less than US$5m (₦3.5b revenue, or US$4.3m).Reported Earnings • May 01Full year 2023 earnings released: EPS: ₦0.58 (vs ₦0.52 in FY 2022)Full year 2023 results: EPS: ₦0.58 (up from ₦0.52 in FY 2022). Revenue: ₦3.47b (down 6.1% from FY 2022). Net income: ₦448.2m (up 12% from FY 2022). Profit margin: 13% (up from 11% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 03Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: ₦0.50. Revenue: ₦1.51b (up 2.0% from 3Q 2022). Net income: ₦384.5m (flat on 3Q 2022). Profit margin: 26% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 14Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₦1.97, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 101% over the past three years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. 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 • Sep 12Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₦2.05, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 111% over the past three years.Upcoming Dividend • Sep 05Upcoming dividend of ₦0.20 per shareEligible shareholders must have bought the stock before 12 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of Nigerien dividend payers (8.0%). Higher than average of industry peers (5.2%).Reported Earnings • Aug 03First quarter 2023 earnings releasedFirst quarter 2023 results: ₦0.26 loss per share. Revenue: ₦229.6m (down 2.7% from 1Q 2022). Net loss: ₦198.0m (loss widened 161% from 1Q 2022).Reported Earnings • Jul 05Full year 2022 earnings releasedFull year 2022 results: Revenue: ₦3.70b (up 55% from FY 2021). Net income: ₦456.1m (up 183% from FY 2021). Profit margin: 12% (up from 6.7% in FY 2021). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₦2.50, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 156% over the past year.Valuation Update With 7 Day Price Move • May 26Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₦2.05, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 106% over the past year.Valuation Update With 7 Day Price Move • May 06Investor sentiment improved over the past weekAfter last week's 21% share price gain to ₦2.35, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 141% over the past year.Reported Earnings • May 01Full year 2022 earnings releasedFull year 2022 results: Revenue: ₦3.70b (up 55% from FY 2021). Net income: ₦456.1m (up 183% from FY 2021). Profit margin: 12% (up from 6.7% in FY 2021). The increase in margin was driven by higher revenue.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. 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 • Apr 12Investor sentiment improved over the past weekAfter last week's 22% share price gain to ₦2.07, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 110% over the past year.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₦1.98, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 103% over the past year.Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₦1.65, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 88% over the past year.Reported Earnings • Feb 03Third quarter 2022 earnings: Revenues in line with analyst expectationsThird quarter 2022 results: Revenue: ₦1.48b (up 125% from 3Q 2021). Net income: ₦381.1m (up 349% from 3Q 2021). Profit margin: 26% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.Reported Earnings • Nov 01Second quarter 2022 earnings releasedThe company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₦543.7m (up 5.4% from 2Q 2021). Net loss: ₦50.6m (down 237% from profit in 2Q 2021).Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ₦1.26, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 15x in the Media industry in Africa. Total returns to shareholders of 27% over the past year.Upcoming Dividend • Oct 04Upcoming dividend of ₦0.15 per shareEligible shareholders must have bought the stock before 11 October 2021. Payment date: 22 October 2021. Trailing yield: 10%. Within top quartile of Nigerien dividend payers (8.1%). Higher than average of industry peers (5.0%).Reported Earnings • Aug 01First quarter 2022 earnings releasedThe company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: ₦236.1m (up 14% from 1Q 2021). Net loss: ₦75.9m (down ₦91.7m from profit in 1Q 2021).Reported Earnings • May 05Full year 2021 earnings releasedThe company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₦2.39b (down 17% from FY 2020). Net income: ₦252.2m (up 215% from FY 2020). Profit margin: 11% (up from 2.8% in FY 2020). The increase in margin was driven by lower expenses.Reported Earnings • Jan 31Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₦659.6m (down 13% from 3Q 2020). Net income: ₦85.0m (up ₦95.8m from 3Q 2020). Profit margin: 13% (up from net loss in 3Q 2020).Is New 90 Day High Low • Jan 15New 90-day low: ₦0.99The company is down 10.0% from its price of ₦1.10 on 16 October 2020. The Nigerien market is up 35% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 12% over the same period.Is New 90 Day High Low • Nov 06New 90-day high: ₦1.15The company is up 12% from its price of ₦1.03 on 07 August 2020. The Nigerien market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 27% over the same period.Upcoming Dividend • Sep 28Upcoming Dividend of ₦0.05 Per ShareWill be paid on the 16th of October to those who are registered shareholders by the 5th of October. The trailing yield of 4.4% is below the top quartile of Nigerien dividend payers (11%), and is lower than industry peers (6.6%).주주 수익률LEARNAFRCANG MediaNG 시장7D18.9%2.2%-1.4%1Y221.7%-22.3%141.0%전체 주주 수익률 보기수익률 대 산업: LEARNAFRCA은 지난 1년 동안 -22.3%의 수익을 기록한 NG Media 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: LEARNAFRCA은 지난 1년 동안 141%를 기록한 NG 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is LEARNAFRCA's price volatile compared to industry and market?LEARNAFRCA volatilityLEARNAFRCA Average Weekly Movement11.0%Media Industry Average Movement9.0%Market Average Movement8.0%10% most volatile stocks in NG Market10.7%10% least volatile stocks in NG Market4.6%안정적인 주가: LEARNAFRCA의 주가는 지난 3개월 동안 NG 시장보다 변동성이 컸습니다.시간에 따른 변동성: LEARNAFRCA의 주간 변동성(11%)은 지난 1년 동안 안정적이었지만 NG 종목 중 상위 75%보다 높습니다.회사 소개설립직원 수CEO웹사이트1961181Hassan Balawww.learnafricaplc.comLearn Africa Plc는 나이지리아에서 유아, 초등, 중등, 고등 수준의 학습을 위한 교육 자료와 교과서를 출판, 배포 및 마케팅하는 회사입니다. 또한 다양한 도서와 교육 자료도 제공합니다. 이 회사는 온라인 스토어도 운영하고 있습니다.더 보기Learn Africa Plc 기초 지표 요약Learn Africa의 순이익과 매출은 시가총액과 어떻게 비교됩니까?LEARNAFRCA 기초 통계시가총액₦10.20b순이익 (TTM)₦812.80m매출 (TTM)₦6.15b13.8x주가수익비율(P/E)1.8x주가매출비율(P/S)LEARNAFRCA는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표LEARNAFRCA 손익계산서 (TTM)매출₦6.15b매출원가₦2.96b총이익₦3.19b기타 비용₦2.38b순이익₦812.80m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)0.94총이익률51.87%순이익률13.21%부채/자본 비율0%LEARNAFRCA의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.4%현재 배당 수익률34%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 22:20종가2026/05/22 00:00수익2026/03/31연간 수익2026/03/31데이터 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 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Learn Africa 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.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 32%After last week's 32% share price gain to ₦10.85, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 465% over the past three years.
Board Change • May 04Less 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. 2 experienced directors. 7 highly experienced directors. 1 independent director (8 non-independent directors). Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. 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 • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₦8.25, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 373% over the past three years.
New Risk • Feb 25New 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 9.8% 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 (₦7.81b market cap, or US$5.77m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.8% average weekly change). Revenue is less than US$5m (₦5.9b revenue, or US$4.4m).
Reported Earnings • Jan 31Third quarter 2026 earnings releasedThird quarter 2026 results: Revenue: ₦3.33b (down 5.6% from 3Q 2025). Net income: ₦852.6m (up 8.9% from 3Q 2025). Profit margin: 26% (up from 22% in 3Q 2025). The increase in margin was driven by lower expenses.
Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₦7.15, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 310% over the past three years.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 32%After last week's 32% share price gain to ₦10.85, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 465% over the past three years.
Board Change • May 04Less 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. 2 experienced directors. 7 highly experienced directors. 1 independent director (8 non-independent directors). Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. 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 • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₦8.25, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 373% over the past three years.
New Risk • Feb 25New 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 9.8% 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 (₦7.81b market cap, or US$5.77m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.8% average weekly change). Revenue is less than US$5m (₦5.9b revenue, or US$4.4m).
Reported Earnings • Jan 31Third quarter 2026 earnings releasedThird quarter 2026 results: Revenue: ₦3.33b (down 5.6% from 3Q 2025). Net income: ₦852.6m (up 8.9% from 3Q 2025). Profit margin: 26% (up from 22% in 3Q 2025). The increase in margin was driven by lower expenses.
Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₦7.15, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 310% over the past three years.
Reported Earnings • Nov 02Second quarter 2026 earnings releasedSecond quarter 2026 results: Revenue: ₦2.04b (up 60% from 2Q 2025). Net income: ₦609.7m (up 293% from 2Q 2025). Profit margin: 30% (up from 12% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 63% per year, which means it is well ahead of earnings.
Board Change • Oct 15Less 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. 2 experienced directors. 7 highly experienced directors. 1 independent director (8 non-independent directors). Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. 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 29Less 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. 2 experienced directors. 7 highly experienced directors. 1 independent director (8 non-independent directors). Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Sep 08Upcoming dividend of ₦0.35 per shareEligible shareholders must have bought the stock before 15 September 2025. Payment date: 25 September 2025. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 4.4%. Within top quartile of Nigerian dividend payers (4.3%). Lower than average of industry peers (7.4%).
공시 • Aug 21Learn Africa Plc, Annual General Meeting, Sep 25, 2025Learn Africa Plc, Annual General Meeting, Sep 25, 2025, at 11:00 W. Central Africa Standard Time. Location: company head office, felix iwerebon house, 52 oba akran avenue, ikeja, lagos Nigeria
Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₦7.70, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 352% over the past three years.
Reported Earnings • Jul 31First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: ₦295.5m (up 135% from 1Q 2025). Net loss: ₦354.9m (loss widened 147% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₦6.93, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 252% over the past three years.
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₦6.01, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 217% over the past three years.
공시 • Jul 02Learn Africa Plc announces Annual dividendLearn Africa Plc announced Annual dividend of NGN 0.3500 per share, ex-date on September 15, 2025 and record date on September 12, 2025.
Valuation Update With 7 Day Price Move • Jun 27Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₦5.10, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 199% over the past three years.
Buy Or Sell Opportunity • Jun 25Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 40% to ₦4.64. The fair value is estimated to be ₦3.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 13%.
New Risk • May 11New 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). Market cap is less than US$10m (₦3.86b market cap, or US$2.41m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Revenue is less than US$5m (₦5.2b revenue, or US$3.2m).
Reported Earnings • May 02Full year 2025 earnings released: EPS: ₦0.64 (vs ₦0.013 in FY 2024)Full year 2025 results: EPS: ₦0.64 (up from ₦0.013 in FY 2024). Revenue: ₦5.18b (up 27% from FY 2024). Net income: ₦494.0m (up ₦482.9m from FY 2024). Profit margin: 9.5% (up from 0.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment improves as stock rises 20%After last week's 20% share price gain to ₦3.89, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 163% over the past three years.
Buy Or Sell Opportunity • Feb 28Now 24% undervaluedThe stock has been flat over the last 90 days, currently trading at ₦3.30. The fair value is estimated to be ₦4.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 16%.
Reported Earnings • Feb 01Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ₦3.52b (up 87% from 3Q 2024). Net income: ₦782.9m (up 65% from 3Q 2024). Profit margin: 22% (down from 25% in 3Q 2024). The decrease in margin was driven by higher expenses.
New Risk • Jan 11New 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 8.2% 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 (₦5.03b market cap, or US$3.26m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Revenue is less than US$5m (₦4.0b revenue, or US$2.6m).
Board Change • Dec 03Less 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. 2 experienced directors. 7 highly experienced directors. 1 independent director (8 non-independent directors). Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. 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 01Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: ₦1.28b (up 48% from 2Q 2024). Net income: ₦155.0m (up 89% from 2Q 2024). Profit margin: 12% (up from 9.5% in 2Q 2024).
New Risk • Sep 12New 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 7.8% 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 (₦2.59b market cap, or US$1.59m). Minor Risks Dividend is not well covered by cash flows (135% cash payout ratio). Share price has been volatile over the past 3 months (7.8% average weekly change). Revenue is less than US$5m (₦3.6b revenue, or US$2.2m).
Reported Earnings • Aug 01First quarter 2025 earnings released: ₦0.27 loss per share (vs ₦0.018 profit in 1Q 2024)First quarter 2025 results: ₦0.27 loss per share (down from ₦0.018 profit in 1Q 2024). Revenue: ₦125.6m (down 79% from 1Q 2024). Net loss: ₦205.5m (down ₦219.6m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings.
공시 • Jul 13Learn Africa Plc, Annual General Meeting, Sep 26, 2024Learn Africa Plc, Annual General Meeting, Sep 26, 2024, at 11:00 W. Central Africa Standard Time. Location: felix iwerebon house, 52 oba akran avenue, ikeja lagos, lagos Nigeria
New Risk • Jul 05New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.3% Last year net profit margin: 12% 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 (₦2.47b market cap, or US$1.63m). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Revenue is less than US$5m (₦4.1b revenue, or US$2.7m).
Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦3.63, 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 362% over the past three years.
Reported Earnings • May 02Full year 2024 earnings released: EPS: ₦0.56 (vs ₦0.56 in FY 2023)Full year 2024 results: EPS: ₦0.56 (up from ₦0.56 in FY 2023). Revenue: ₦4.08b (up 18% from FY 2023). Net income: ₦430.9m (flat on FY 2023). Profit margin: 11% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Jan 31Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: ₦1.88b (up 25% from 3Q 2023). Net income: ₦474.7m (up 24% from 3Q 2023). Profit margin: 25% (in line with 3Q 2023).
Valuation Update With 7 Day Price Move • Sep 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₦3.29, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 331% over the past three years.
Upcoming Dividend • Sep 04Upcoming dividend of ₦0.25 per share at 6.8% yieldEligible shareholders must have bought the stock before 11 September 2023. Payment date: 26 September 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 6.8%. Within top quartile of Nigerian dividend payers (6.5%). In line with average of industry peers (7.3%).
New Risk • Jul 30New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 32% 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 (32% accrual ratio). Market cap is less than US$10m (₦3.12b market cap, or US$4.03m). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (₦3.8b revenue, or US$5.0m).
Reported Earnings • Jul 30First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: ₦599.8m (up 161% from 1Q 2023). Net income: ₦14.2m (up ₦152.8m from 1Q 2023). Profit margin: 2.4% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 45%After last week's 45% share price gain to ₦4.23, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 409% over the past three years.
Valuation Update With 7 Day Price Move • Jun 27Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ₦2.92, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 7x in the Media industry in Africa. Total returns to shareholders of 189% over the past three years.
New Risk • Jun 23New minor risk - Revenue sizeThe company makes less than US$5m in revenue. Total revenue: ₦3.5b (US$4.3m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₦2.05b market cap, or US$2.53m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Revenue is less than US$5m (₦3.5b revenue, or US$4.3m).
Reported Earnings • May 01Full year 2023 earnings released: EPS: ₦0.58 (vs ₦0.52 in FY 2022)Full year 2023 results: EPS: ₦0.58 (up from ₦0.52 in FY 2022). Revenue: ₦3.47b (down 6.1% from FY 2022). Net income: ₦448.2m (up 12% from FY 2022). Profit margin: 13% (up from 11% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 03Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: ₦0.50. Revenue: ₦1.51b (up 2.0% from 3Q 2022). Net income: ₦384.5m (flat on 3Q 2022). Profit margin: 26% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 14Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₦1.97, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 101% over the past three years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. 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 • Sep 12Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₦2.05, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 111% over the past three years.
Upcoming Dividend • Sep 05Upcoming dividend of ₦0.20 per shareEligible shareholders must have bought the stock before 12 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of Nigerien dividend payers (8.0%). Higher than average of industry peers (5.2%).
Reported Earnings • Aug 03First quarter 2023 earnings releasedFirst quarter 2023 results: ₦0.26 loss per share. Revenue: ₦229.6m (down 2.7% from 1Q 2022). Net loss: ₦198.0m (loss widened 161% from 1Q 2022).
Reported Earnings • Jul 05Full year 2022 earnings releasedFull year 2022 results: Revenue: ₦3.70b (up 55% from FY 2021). Net income: ₦456.1m (up 183% from FY 2021). Profit margin: 12% (up from 6.7% in FY 2021). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₦2.50, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 156% over the past year.
Valuation Update With 7 Day Price Move • May 26Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₦2.05, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 106% over the past year.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improved over the past weekAfter last week's 21% share price gain to ₦2.35, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 9x in the Media industry in Africa. Total returns to shareholders of 141% over the past year.
Reported Earnings • May 01Full year 2022 earnings releasedFull year 2022 results: Revenue: ₦3.70b (up 55% from FY 2021). Net income: ₦456.1m (up 183% from FY 2021). Profit margin: 12% (up from 6.7% in FY 2021). The increase in margin was driven by higher revenue.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Non-Executive Director Egbichi Akinsanya was the last independent director to join the board, commencing their role in 2020. 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 • Apr 12Investor sentiment improved over the past weekAfter last week's 22% share price gain to ₦2.07, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 8x in the Media industry in Africa. Total returns to shareholders of 110% over the past year.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₦1.98, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 103% over the past year.
Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₦1.65, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 6x in the Media industry in Africa. Total returns to shareholders of 88% over the past year.
Reported Earnings • Feb 03Third quarter 2022 earnings: Revenues in line with analyst expectationsThird quarter 2022 results: Revenue: ₦1.48b (up 125% from 3Q 2021). Net income: ₦381.1m (up 349% from 3Q 2021). Profit margin: 26% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.
Reported Earnings • Nov 01Second quarter 2022 earnings releasedThe company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₦543.7m (up 5.4% from 2Q 2021). Net loss: ₦50.6m (down 237% from profit in 2Q 2021).
Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ₦1.26, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 15x in the Media industry in Africa. Total returns to shareholders of 27% over the past year.
Upcoming Dividend • Oct 04Upcoming dividend of ₦0.15 per shareEligible shareholders must have bought the stock before 11 October 2021. Payment date: 22 October 2021. Trailing yield: 10%. Within top quartile of Nigerien dividend payers (8.1%). Higher than average of industry peers (5.0%).
Reported Earnings • Aug 01First quarter 2022 earnings releasedThe company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: ₦236.1m (up 14% from 1Q 2021). Net loss: ₦75.9m (down ₦91.7m from profit in 1Q 2021).
Reported Earnings • May 05Full year 2021 earnings releasedThe company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₦2.39b (down 17% from FY 2020). Net income: ₦252.2m (up 215% from FY 2020). Profit margin: 11% (up from 2.8% in FY 2020). The increase in margin was driven by lower expenses.
Reported Earnings • Jan 31Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₦659.6m (down 13% from 3Q 2020). Net income: ₦85.0m (up ₦95.8m from 3Q 2020). Profit margin: 13% (up from net loss in 3Q 2020).
Is New 90 Day High Low • Jan 15New 90-day low: ₦0.99The company is down 10.0% from its price of ₦1.10 on 16 October 2020. The Nigerien market is up 35% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 12% over the same period.
Is New 90 Day High Low • Nov 06New 90-day high: ₦1.15The company is up 12% from its price of ₦1.03 on 07 August 2020. The Nigerien market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 27% over the same period.
Upcoming Dividend • Sep 28Upcoming Dividend of ₦0.05 Per ShareWill be paid on the 16th of October to those who are registered shareholders by the 5th of October. The trailing yield of 4.4% is below the top quartile of Nigerien dividend payers (11%), and is lower than industry peers (6.6%).
