ICON Properties plc, a property holding company, owns, leases, manages, and develops commercial, industrial, retail, and residential properties in Malawi.
Price History & Performance
|Historical stock prices|
|Current Share Price||MK12.07|
|52 Week High||MK0|
|52 Week Low||MK0|
|1 Month Change||-0.41%|
|3 Month Change||-0.50%|
|1 Year Change||-1.87%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||0.58%|
Recent News & Updates
|ICON||MW Real Estate||MW Market|
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.
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
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
|ICON fundamental statistics|
Is ICON overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ICON income statement (TTM)|
|Cost of Revenue||MK972.74m|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||1.29|
|Net Profit Margin||162.54%|
How did ICON perform over the long term?See historical performance and comparison
2.0%Current Dividend Yield
Is ICON Properties undervalued compared to its fair value and its price relative to the market?
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.
How is ICON Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has ICON Properties performed over the past 5 years?
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.
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.
What is ICON Properties's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
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...
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
ICON Properties plc's employee growth, exchange listings and data sources
- 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
- ICON Properties plc
- Chibisa House
- 19 Glyn Jones Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 17:03|
|End of Day Share Price||2021/10/20 00:00|
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.