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EVRD

Eveready East AfricaNASE:EVRD Stock Report

Market Cap

KSh210.0m

7D

-8.3%

1Y

8.7%

Updated

21 Oct, 2021

Data

Company Financials
EVRD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

EVRD Overview

Eveready East Africa PLC, a consumer goods company, supplies portable power solutions in Kenya.

Price History & Performance

Summary of all time highs, changes and price drops for Eveready East Africa
Historical stock prices
Current Share PriceKSh1.00
52 Week HighKSh0.85
52 Week LowKSh1.50
Beta0.23
1 Month Change-1.96%
3 Month Change2.04%
1 Year Change8.70%
3 Year Change-28.57%
5 Year Change-58.33%
Change since IPO-90.91%

Recent News & Updates

Shareholder Returns

EVRDKE Retail DistributorsKE Market
7D-8.3%0.008%0.1%
1Y8.7%46.2%28.0%

Return vs Industry: EVRD underperformed the KE Retail Distributors industry which returned 44.7% over the past year.

Return vs Market: EVRD underperformed the KE Market which returned 28.2% over the past year.

Price Volatility

Is EVRD's price volatile compared to industry and market?
EVRD volatility
EVRD Beta0.23
Industry Beta1
Market Beta1

Stable Share Price: EVRD is more volatile than 90% of KE stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: EVRD's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of KE stocks.

About the Company

FoundedEmployeesCEOWebsite
196737Thomas Masakihttps://www.eveready.co.ke

Eveready East Africa PLC, a consumer goods company, supplies portable power solutions in Kenya. The company operates through three segments: Automotive, Lighting, and Household. The Automotive segment sells maintenance free car batteries and vented car batteries, as well as battery water and battery acids.

Eveready East Africa Fundamentals Summary

How do Eveready East Africa's earnings and revenue compare to its market cap?
EVRD fundamental statistics
Market CapKSh210.00m
Earnings (TTM)-KSh79.97m
Revenue (TTM)KSh93.00m

2.3x

P/S Ratio

-2.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EVRD income statement (TTM)
RevenueKSh93.00m
Cost of RevenueKSh73.59m
Gross ProfitKSh19.41m
ExpensesKSh99.38m
Earnings-KSh79.97m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Jan 31, 2022

Earnings per share (EPS)-0.38
Gross Margin20.87%
Net Profit Margin-85.99%
Debt/Equity Ratio127.6%

How did EVRD perform over the long term?

See historical performance and comparison

Valuation

Is Eveready East Africa undervalued compared to its fair value and its price relative to the market?

13.98x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate EVRD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate EVRD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: EVRD is unprofitable, so we can't compare its PE Ratio to the African Retail Distributors industry average.

PE vs Market: EVRD is unprofitable, so we can't compare its PE Ratio to the KE market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EVRD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EVRD is overvalued based on its PB Ratio (14x) compared to the XF Retail Distributors industry average (3.5x).


Future Growth

How is Eveready East Africa forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.1%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Eveready East Africa has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Eveready East Africa performed over the past 5 years?

-27.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EVRD is currently unprofitable.

Growing Profit Margin: EVRD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EVRD is unprofitable, and losses have increased over the past 5 years at a rate of 27.6% per year.

Accelerating Growth: Unable to compare EVRD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EVRD is unprofitable, making it difficult to compare its past year earnings growth to the Retail Distributors industry (-7.8%).


Return on Equity

High ROE: EVRD has a negative Return on Equity (-532.33%), as it is currently unprofitable.


Financial Health

How is Eveready East Africa's financial position?


Financial Position Analysis

Short Term Liabilities: EVRD's short term assets (KES128.6M) do not cover its short term liabilities (KES143.8M).

Long Term Liabilities: EVRD's short term assets (KES128.6M) exceed its long term liabilities (KES10.5M).


Debt to Equity History and Analysis

Debt Level: EVRD's debt to equity ratio (127.6%) is considered high.

Reducing Debt: EVRD's debt to equity ratio has increased from 50.5% to 127.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: EVRD has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: EVRD has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 3.6% each year


Dividend

What is Eveready East Africa current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate EVRD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate EVRD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if EVRD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EVRD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EVRD's dividend in 3 years as they are not forecast to pay a notable one for the KE market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average board tenure


CEO

Thomas Masaki

0.58

Tenure

Mr. Thomas Masaki is Acting MD & Director of Eveready East Africa PLC from March 19, 2021.


Board Members

Experienced Board: EVRD's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Eveready East Africa PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Eveready East Africa PLC
  • Ticker: EVRD
  • Exchange: NASE
  • Founded: 1967
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: KSh210.000m
  • Shares outstanding: 210.00m
  • Website: https://www.eveready.co.ke

Number of Employees


Location

  • Eveready East Africa PLC
  • Sameer Industrial Park
  • Mombasa/ Enterprise Road Junction
  • Nairobi
  • 100
  • Kenya

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:13
End of Day Share Price2021/10/21 00:00
Earnings2021/03/31
Annual Earnings2020/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.