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ICON

ICON PropertiesMAL:ICON Stock Report

Market Cap

MK80.6b

7D

-0.2%

1Y

-1.9%

Updated

22 Oct, 2021

Data

Company Financials
ICON fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends2/6

ICON Overview

ICON Properties plc, a property holding company, owns, leases, manages, and develops commercial, industrial, retail, and residential properties in Malawi.

Price History & Performance

Summary of all time highs, changes and price drops for ICON Properties
Historical stock prices
Current Share PriceMK12.07
52 Week HighMK0
52 Week LowMK0
Beta0.17
1 Month Change-0.41%
3 Month Change-0.50%
1 Year Change-1.87%
3 Year Changen/a
5 Year Changen/a
Change since IPO0.58%

Recent News & Updates

Shareholder Returns

ICONMW Real EstateMW Market
7D-0.2%-0.9%0.1%
1Y-1.9%34.2%26.3%

Return vs Industry: ICON underperformed the MW Real Estate industry which returned 34.2% over the past year.

Return vs Market: ICON underperformed the MW Market which returned 26.3% over the past year.

Price Volatility

Is ICON's price volatile compared to industry and market?
ICON volatility
ICON Beta0.17
Industry Beta0.82
Market Beta1

Stable Share Price: Insufficient data to determine ICON's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine ICON's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2018n/aEllen Nyasuluhttps://iconproperties.mw

ICON Properties plc, a property holding company, owns, leases, manages, and develops commercial, industrial, retail, and residential properties in Malawi. It has a total lettable area of 72,630 square meters. The company was incorporated in 2018 and is headquartered in Blantyre, Malawi.

ICON Properties Fundamentals Summary

How do ICON Properties's earnings and revenue compare to its market cap?
ICON fundamental statistics
Market CapMK80.63b
Earnings (TTM)MK8.60b
Revenue (TTM)MK5.29b

9.4x

P/E Ratio

15.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ICON income statement (TTM)
RevenueMK5.29b
Cost of RevenueMK972.74m
Gross ProfitMK4.32b
Expenses-MK4.28b
EarningsMK8.60b

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)1.29
Gross Margin81.63%
Net Profit Margin162.54%
Debt/Equity Ratio0.0%

How did ICON perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

18%

Payout Ratio

Valuation

Is ICON Properties undervalued compared to its fair value and its price relative to the market?

9.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ICON (MWK12.07) is trading above our estimate of fair value (MWK1.86)

Significantly Below Fair Value: ICON is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ICON is good value based on its PE Ratio (9.4x) compared to the African Real Estate industry average (13.6x).

PE vs Market: ICON is good value based on its PE Ratio (9.4x) compared to the MW market (12.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ICON's PB Ratio (1x) is in line with the XF Real Estate industry average.


Future Growth

How is ICON Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.9%

Forecasted Real Estate 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 ICON Properties 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 ICON Properties performed over the past 5 years?

6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ICON has a large one-off gain of MWK5.3B impacting its December 31 2020 financial results.

Growing Profit Margin: ICON's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: ICON's earnings have grown by 6.6% per year over the past 5 years.

Accelerating Growth: ICON's earnings growth over the past year (18.7%) exceeds its 5-year average (6.6% per year).

Earnings vs Industry: ICON earnings growth over the past year (18.7%) exceeded the Real Estate industry 0.5%.


Return on Equity

High ROE: ICON's Return on Equity (10.7%) is considered low.


Financial Health

How is ICON Properties's financial position?


Financial Position Analysis

Short Term Liabilities: ICON's short term assets (MWK10.5B) exceed its short term liabilities (MWK772.4M).

Long Term Liabilities: ICON's short term assets (MWK10.5B) exceed its long term liabilities (MWK3.0B).


Debt to Equity History and Analysis

Debt Level: ICON is debt free.

Reducing Debt: ICON had no debt 5 years ago.

Debt Coverage: ICON has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ICON has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is ICON Properties's current dividend yield, its reliability and sustainability?

1.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ICON's dividend (1.99%) is higher than the bottom 25% of dividend payers in the MW market (1.43%).

High Dividend: ICON's dividend (1.99%) is low compared to the top 25% of dividend payers in the MW market (4.8%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ICON has been paying a dividend for less than 10 years.

Growing Dividend: ICON's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.9%), ICON's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Ellen Nyasulu

no data

Tenure

Mrs. Ellen Chapinduka Nyasulu serves as Chief Executive Officer of Eris Properties Mw Limited at NICO Holdings plc since 2020. She serves as the Chief Executive Officer of ICON Properties plc. She is a hol...


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

ICON Properties plc's employee growth, exchange listings and data sources


Key Information

  • Name: ICON Properties plc
  • Ticker: ICON
  • Exchange: MAL
  • Founded: 2018
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: MK80.628b
  • Shares outstanding: 6.68b
  • Website: https://iconproperties.mw

Location

  • ICON Properties plc
  • Chibisa House
  • 19 Glyn Jones Road
  • Blantyre
  • Malawi

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 17:03
End of Day Share Price2021/10/20 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.