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CILE

C & I LeasingNGSE:CILEASING Stock Report

Market Cap

₦3.7b

7D

0%

1Y

5.6%

Updated

17 Oct, 2021

Data

Company Financials
CILEASING fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health0/6
Dividends0/6

CILEASING Overview

C & I Leasing Plc, through its subsidiaries, engages in the fleet management, personnel outsourcing, and marine businesses in West Africa.

Price History & Performance

Summary of all time highs, changes and price drops for C & I Leasing
Historical stock prices
Current Share Price₦4.70
52 Week High₦3.96
52 Week Low₦5.78
Beta0.057
1 Month Change0%
3 Month Change-1.05%
1 Year Change5.62%
3 Year Change-56.64%
5 Year Change135.00%
Change since IPO138.82%

Recent News & Updates

Shareholder Returns

CILEASINGNG Trade DistributorsNG Market
7D0%0.4%1.6%
1Y5.6%85.1%40.0%

Return vs Industry: CILEASING underperformed the NG Trade Distributors industry which returned 84.7% over the past year.

Return vs Market: CILEASING underperformed the NG Market which returned 40% over the past year.

Price Volatility

Is CILEASING's price volatile compared to industry and market?
CILEASING volatility
CILEASING Beta0.057
Industry Beta0.76
Market Beta1

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

Volatility Over Time: CILEASING's weekly volatility has decreased from 5% to 0% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990352Andrew Otike-Odibihttps://www.c-ileasing.com

C & I Leasing Plc, through its subsidiaries, engages in the fleet management, personnel outsourcing, and marine businesses in West Africa. The company offers marine services, such as security, line and hose handling, berthing and escort services, mooring support, fire-fighting, pollution control, and floating and self-elevating platform; and human resource (HR) outsourcing services, such as recruitment, temporary hire, payroll and talent management, training, background check, and related operational HR business process services, as well as SDS training services. It also provides fleet management services, including vehicle leasing; fleet operation and maintenance; driver sourcing and training; existing cars sale and leasing; and other fleet element tracking, fueling, and maintenance services.

C & I Leasing Fundamentals Summary

How do C & I Leasing's earnings and revenue compare to its market cap?
CILEASING fundamental statistics
Market Cap₦3.67b
Earnings (TTM)₦136.85m
Revenue (TTM)₦16.85b

26.8x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CILEASING income statement (TTM)
Revenue₦16.85b
Cost of Revenue₦5.81b
Gross Profit₦11.03b
Expenses₦10.90b
Earnings₦136.85m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.18
Gross Margin65.49%
Net Profit Margin0.81%
Debt/Equity Ratio228.6%

How did CILEASING perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

29%

Payout Ratio

Valuation

Is C & I Leasing undervalued compared to its fair value and its price relative to the market?

26.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CILEASING (NGN4.7) is trading above our estimate of fair value (NGN0.22)

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


Price To Earnings Ratio

PE vs Industry: CILEASING is poor value based on its PE Ratio (26.8x) compared to the African Trade Distributors industry average (10x).

PE vs Market: CILEASING is poor value based on its PE Ratio (26.8x) compared to the NG market (7.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CILEASING is good value based on its PB Ratio (0.3x) compared to the XF Trade Distributors industry average (0.9x).


Future Growth

How is C & I Leasing forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.6%

Forecasted Capital Goods 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 C & I Leasing 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 C & I Leasing performed over the past 5 years?

-9.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CILEASING has high quality earnings.

Growing Profit Margin: CILEASING's current net profit margins (0.8%) are lower than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: CILEASING has become profitable over the past 5 years, growing earnings by -9.6% per year.

Accelerating Growth: CILEASING's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CILEASING had negative earnings growth (-69%) over the past year, making it difficult to compare to the Trade Distributors industry average (19.1%).


Return on Equity

High ROE: CILEASING's Return on Equity (1.2%) is considered low.


Financial Health

How is C & I Leasing's financial position?


Financial Position Analysis

Short Term Liabilities: CILEASING's short term assets (NGN19.4B) do not cover its short term liabilities (NGN20.2B).

Long Term Liabilities: CILEASING's short term assets (NGN19.4B) do not cover its long term liabilities (NGN23.9B).


Debt to Equity History and Analysis

Debt Level: CILEASING's debt to equity ratio (228.6%) is considered high.

Reducing Debt: CILEASING's debt to equity ratio has increased from 215.8% to 228.6% over the past 5 years.

Debt Coverage: CILEASING's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: CILEASING's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


Dividend

What is C & I Leasing current dividend yield, its reliability and sustainability?

1.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CILEASING's dividend (1.06%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (3.3%).

High Dividend: CILEASING's dividend (1.06%) is low compared to the top 25% of dividend payers in the NG market (7.31%).


Stability and Growth of Payments

Stable Dividend: CILEASING is not paying a notable dividend for the NG market, therefore no need to check if payments are stable.

Growing Dividend: CILEASING is not paying a notable dividend for the NG market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CILEASING is not paying a notable dividend for the NG market.


Future Payout to Shareholders

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


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Andrew Otike-Odibi

5.75yrs

Tenure

Mr. Andrew Otike-Odibi has been Managing Director of C & I Leasing Plc since January 28, 2016 and has been its Executive Director November 2007. Mr. Otike-Odibi joined C&I Leasing in 1998 as a Senior Mana...


Leadership Team

Experienced Management: CILEASING's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: CILEASING's board of directors are not considered experienced ( 0.8 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

C & I Leasing Plc's employee growth, exchange listings and data sources


Key Information

  • Name: C & I Leasing Plc
  • Ticker: CILEASING
  • Exchange: NGSE
  • Founded: 1990
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: ₦3.674b
  • Shares outstanding: 781.65m
  • Website: https://www.c-ileasing.com

Number of Employees


Location

  • C & I Leasing Plc
  • Leasing House
  • 2 C&I Leasing Drive
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 15:21
End of Day Share Price2021/10/15 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.