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CUTI

CutixNGSE:CUTIX Stock Report

Market Cap

₦11.3b

7D

21.0%

1Y

218.4%

Updated

26 Oct, 2021

Data

Company Financials
CUTIX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends1/6

CUTIX Overview

Cutix Plc manufactures, markets, and sells electrical, automobile, and telecommunication wires, cables, and related products primarily in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Cutix
Historical stock prices
Current Share Price₦6.05
52 Week High₦1.53
52 Week Low₦6.40
Beta-0.35
1 Month Change30.11%
3 Month Change25.78%
1 Year Change218.42%
3 Year Change198.03%
5 Year Change540.21%
Change since IPO5,350.50%

Recent News & Updates

Shareholder Returns

CUTIXNG ElectricalNG Market
7D21.0%-0.9%1.5%
1Y218.4%15.9%40.2%

Return vs Industry: CUTIX exceeded the NG Electrical industry which returned 15.9% over the past year.

Return vs Market: CUTIX exceeded the NG Market which returned 40.2% over the past year.

Price Volatility

Is CUTIX's price volatile compared to industry and market?
CUTIX volatility
CUTIX Beta-0.35
Industry Beta0.53
Market Beta1

Stable Share Price: CUTIX is more volatile than 75% of NG stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CUTIX's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of NG stocks.

About the Company

FoundedEmployeesCEOWebsite
1982244Ijeoma Oduonyehttps://www.cutixplc.com.ng

Cutix Plc manufactures, markets, and sells electrical, automobile, and telecommunication wires, cables, and related products primarily in Nigeria. The company offers polyvinyl chloride (PVC) insulated and sheathed house wiring cables for the conduit and surface wiring of houses, offices, and factories; armored and non-armored cables for electricity supply in low voltage installation systems; solar cables for solar power installations; and flexible and round cables for domestic and light industrial wiring applications. It also provides all aluminum conductors for high and low voltage power distribution; aluminum drop wires and 4-core twist cables for power supply applications; aluminum conductors steel reinforced cables and wires for long span transmission; aluminum service cables for connecting homes and low-tension public power lines; and low and high voltage automotive wires and cables for wiring applications in automobile, marine, and agricultural applications.

Cutix Fundamentals Summary

How do Cutix's earnings and revenue compare to its market cap?
CUTIX fundamental statistics
Market Cap₦11.27b
Earnings (TTM)₦600.60m
Revenue (TTM)₦7.12b

17.7x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CUTIX income statement (TTM)
Revenue₦7.12b
Cost of Revenue₦5.32b
Gross Profit₦1.80b
Expenses₦1.20b
Earnings₦600.60m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.34
Gross Margin25.33%
Net Profit Margin8.43%
Debt/Equity Ratio50.3%

How did CUTIX perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

44%

Payout Ratio

Does CUTIX pay a reliable dividends?

See CUTIX dividend history and benchmarks
When do you need to buy CUTIX by to receive an upcoming dividend?
Cutix dividend dates
Ex Dividend DateNov 15 2021
Dividend Pay DateNov 29 2021
Days until Ex dividend19 days
Days until Dividend pay date33 days

Does CUTIX pay a reliable dividends?

See CUTIX dividend history and benchmarks

Valuation

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

17.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CUTIX (NGN6.05) is trading above our estimate of fair value (NGN1.23)

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


Price To Earnings Ratio

PE vs Industry: CUTIX is poor value based on its PE Ratio (17.7x) compared to the African Electrical industry average (14.2x).

PE vs Market: CUTIX is poor value based on its PE Ratio (17.7x) compared to the NG market (7.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CUTIX is overvalued based on its PB Ratio (4.5x) compared to the XF Electrical industry average (1.1x).


Future Growth

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

24.8%

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 Cutix 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 Cutix performed over the past 5 years?

15.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CUTIX has high quality earnings.

Growing Profit Margin: CUTIX's current net profit margins (8.4%) are higher than last year (8.2%).


Past Earnings Growth Analysis

Earnings Trend: CUTIX's earnings have grown by 15.8% per year over the past 5 years.

Accelerating Growth: CUTIX's earnings growth over the past year (40%) exceeds its 5-year average (15.8% per year).

Earnings vs Industry: CUTIX earnings growth over the past year (40%) underperformed the Electrical industry 40%.


Return on Equity

High ROE: CUTIX's Return on Equity (25.5%) is considered high.


Financial Health

How is Cutix's financial position?


Financial Position Analysis

Short Term Liabilities: CUTIX's short term assets (NGN4.1B) exceed its short term liabilities (NGN2.5B).

Long Term Liabilities: CUTIX's short term assets (NGN4.1B) exceed its long term liabilities (NGN200.8M).


Debt to Equity History and Analysis

Debt Level: CUTIX's debt to equity ratio (50.3%) is considered high.

Reducing Debt: CUTIX's debt to equity ratio has reduced from 65.2% to 50.3% over the past 5 years.

Debt Coverage: CUTIX's debt is well covered by operating cash flow (30.6%).

Interest Coverage: CUTIX's interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet


Dividend

What is Cutix current dividend yield, its reliability and sustainability?

2.48%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 26 2021Ex Dividend DateNov 15 2021Dividend Pay DateNov 29 202114 days from Ex DividendBuy in the next 19 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CUTIX's dividend (2.48%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (3.4%).

High Dividend: CUTIX's dividend (2.48%) is low compared to the top 25% of dividend payers in the NG market (7.31%).


Stability and Growth of Payments

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

Growing Dividend: CUTIX's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44%), CUTIX'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?

8.8yrs

Average management tenure


CEO

Ijeoma Oduonye

2.92yrs

Tenure

Mrs. Ijeoma Agnes Oduonye serves as Executive Director in October 2018 and Chief Executive Officer in November 1, 2018 at Cutix Plc. Mrs. Oduonye served as Company Secretary of Cutix Plc 1992. Mrs. Oduonye...


Leadership Team

Experienced Management: CUTIX's management team is seasoned and experienced (8.8 years average tenure).


Board Members

Experienced Board: CUTIX's board of directors are considered experienced (3 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

Cutix Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Cutix Plc
  • Ticker: CUTIX
  • Exchange: NGSE
  • Founded: 1982
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: ₦11.272b
  • Shares outstanding: 1.76b
  • Website: https://www.cutixplc.com.ng

Number of Employees


Location

  • Cutix Plc
  • 17, Osita Onyejianya Street
  • Umuanuka
  • Otolo
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:19
End of Day Share Price2021/10/26 00:00
Earnings2021/07/31
Annual Earnings2021/04/30


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.