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INFI

Infinity Trust Mortgage BankNGSE:INFINITY Stock Report

Market Cap

₦5.5b

7D

0%

1Y

-2.9%

Updated

21 Oct, 2021

Data

Company Financials
INFINITY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends1/6

INFINITY Overview

Infinity Trust Mortgage Bank Plc provides mortgage banking, construction finance, and other financial intermediation services to corporate and individual customers in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Infinity Trust Mortgage Bank
Historical stock prices
Current Share Price₦1.32
52 Week High₦0
52 Week Low₦0
Beta0.0040
1 Month Change0%
3 Month Change0%
1 Year Change-2.94%
3 Year Change-7.04%
5 Year Change-10.20%
Change since IPO-12.00%

Recent News & Updates

Shareholder Returns

INFINITYNG MortgageNG Market
7D0%0%1.4%
1Y-2.9%-0.6%41.3%

Return vs Industry: INFINITY underperformed the NG Mortgage industry which returned -0.6% over the past year.

Return vs Market: INFINITY underperformed the NG Market which returned 40.4% over the past year.

Price Volatility

Is INFINITY's price volatile compared to industry and market?
INFINITY volatility
INFINITY Beta0.0040
Industry Beta1.05
Market Beta1

Stable Share Price: INFINITY is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: INFINITY's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200275Banjo Obaleyehttps://www.infinitytrustmortgagebank.com

Infinity Trust Mortgage Bank Plc provides mortgage banking, construction finance, and other financial intermediation services to corporate and individual customers in Nigeria. It offers residential and commercial mortgage financing services. The company was formerly known as INFINITY TRUST SAVINGS and LOANS LIMITED and changed its name to Infinity Trust Mortgage Bank Plc in January 2013. Infinity Trust Mortgage Bank Plc was incorporated in 2002 and is headquartered in Abuja, Nigeria.

Infinity Trust Mortgage Bank Fundamentals Summary

How do Infinity Trust Mortgage Bank's earnings and revenue compare to its market cap?
INFINITY fundamental statistics
Market Cap₦5.50b
Earnings (TTM)₦518.68m
Revenue (TTM)₦1.31b

10.6x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
INFINITY income statement (TTM)
Revenue₦1.31b
Cost of Revenue₦0
Gross Profit₦1.31b
Expenses₦792.79m
Earnings₦518.68m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin100.00%
Net Profit Margin39.55%
Debt/Equity Ratio49.7%

How did INFINITY perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

32%

Payout Ratio

Valuation

Is Infinity Trust Mortgage Bank undervalued compared to its fair value and its price relative to the market?

10.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: INFINITY is good value based on its PE Ratio (10.6x) compared to the Global Mortgage industry average (12x).

PE vs Market: INFINITY is poor value based on its PE Ratio (10.6x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

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


Future Growth

How is Infinity Trust Mortgage Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.1%

Forecasted Banks 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 Infinity Trust Mortgage Bank 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 Infinity Trust Mortgage Bank performed over the past 5 years?

19.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INFINITY has a high level of non-cash earnings.

Growing Profit Margin: INFINITY's current net profit margins (39.5%) are higher than last year (27.6%).


Past Earnings Growth Analysis

Earnings Trend: INFINITY's earnings have grown by 19.3% per year over the past 5 years.

Accelerating Growth: INFINITY's earnings growth over the past year (74.5%) exceeds its 5-year average (19.3% per year).

Earnings vs Industry: INFINITY earnings growth over the past year (74.5%) exceeded the Mortgage industry 28.3%.


Return on Equity

High ROE: INFINITY's Return on Equity (9%) is considered low.


Financial Health

How is Infinity Trust Mortgage Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: INFINITY's Assets to Equity ratio (2.4x) is low.

Allowance for Bad Loans: INFINITY has a low allowance for bad loans (48%).

Low Risk Liabilities: 54% of INFINITY's liabilities are made up of primarily low risk sources of funding.

Loan Level: INFINITY has an appropriate level of Loans to Assets ratio (57%).

Low Risk Deposits: INFINITY's Loans to Deposits ratio (180%) is high.

Level of Bad Loans: INFINITY has a high level of bad loans (4.8%).


Dividend

What is Infinity Trust Mortgage Bank current dividend yield, its reliability and sustainability?

3.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: INFINITY's dividend (3.03%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (3.28%).

High Dividend: INFINITY's dividend (3.03%) is low compared to the top 25% of dividend payers in the NG market (7.27%).


Stability and Growth of Payments

Stable Dividend: INFINITY has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: INFINITY's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.2%), INFINITY'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?

0.3yrs

Average board tenure


CEO

Banjo Obaleye

15.75yrs

Tenure

Dr. Olabanjo Obaleye, DBA serves as the Chief Executive Officer, Managing Director of Infinity Trust Mortgage Bank PLC since 2006 and serves as its Director. Dr. Obaleye has been Non-Executive Director of...


Board Members

Experienced Board: INFINITY's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


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

Infinity Trust Mortgage Bank Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Infinity Trust Mortgage Bank Plc
  • Ticker: INFINITY
  • Exchange: NGSE
  • Founded: 2002
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: ₦5.505b
  • Shares outstanding: 4.17b
  • Website: https://www.infinitytrustmortgagebank.com

Number of Employees


Location

  • Infinity Trust Mortgage Bank Plc
  • 11, Kaura Namoda Street
  • Off Faskari Street
  • Abuja
  • Nigeria

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 21:04
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
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.