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JBER

Julius Berger NigeriaNGSE:JBERGER Stock Report

Market Cap

₦40.8b

7D

0%

1Y

48.5%

Updated

19 Oct, 2021

Data

Company Financials +
JBERGER fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends0/6

JBERGER Overview

Julius Berger Nigeria Plc, a construction company, engages in planning and construction of various civil engineering works in Nigeria, Europe, and Asia.

Julius Berger Nigeria Competitors

China Railway Construction

SHSE:601186

CN¥97.8b

Shikun & Binui

TASE:SKBN

₪8.2b

Webuild

BIT:WBD

€2.2b

Price History & Performance

Summary of all time highs, changes and price drops for Julius Berger Nigeria
Historical stock prices
Current Share Price₦25.50
52 Week High₦16.63
52 Week Low₦27.00
Beta0.28
1 Month Change-5.56%
3 Month Change27.18%
1 Year Change48.46%
3 Year Change43.43%
5 Year Change-22.73%
Change since IPO2,197.31%

Recent News & Updates

Shareholder Returns

JBERGERNG ConstructionNG Market
7D0%-2.2%0.6%
1Y48.5%39.8%38.8%

Return vs Industry: JBERGER exceeded the NG Construction industry which returned 35.7% over the past year.

Return vs Market: JBERGER exceeded the NG Market which returned 38.9% over the past year.

Price Volatility

Is JBERGER's price volatile compared to industry and market?
JBERGER volatility
JBERGER Beta0.28
Industry Beta0.63
Market Beta1

Stable Share Price: JBERGER is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: JBERGER's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196512,221Lars Richterhttps://www.julius-berger.com

Julius Berger Nigeria Plc, a construction company, engages in planning and construction of various civil engineering works in Nigeria, Europe, and Asia. It operates through three segments: Civil Works, Building Works, and Services. The Civil Works segment provides professional services in the areas of engineering, construction, and maintenance of various infrastructures; constructs turnkey harbors, wharfs, jetties, loading installations, and warehouses; refurbishes and constructs airports; designs and constructs auxiliary buildings for factories, oil and gas installations, and power plants for the oil, gas, and energy sectors.

Julius Berger Nigeria Fundamentals Summary

How do Julius Berger Nigeria's earnings and revenue compare to its market cap?
JBERGER fundamental statistics
Market Cap₦40.80b
Earnings (TTM)₦7.92b
Revenue (TTM)₦286.03b

5.1x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JBERGER income statement (TTM)
Revenue₦286.03b
Cost of Revenue₦229.03b
Gross Profit₦57.00b
Expenses₦49.07b
Earnings₦7.92b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.95
Gross Margin19.93%
Net Profit Margin2.77%
Debt/Equity Ratio62.5%

How did JBERGER perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

8%

Payout Ratio

Valuation

Is Julius Berger Nigeria undervalued compared to its fair value and its price relative to the market?

5.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JBERGER (NGN25.5) is trading above our estimate of fair value (NGN5.39)

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


Price To Earnings Ratio

PE vs Industry: JBERGER is good value based on its PE Ratio (5.1x) compared to the African Construction industry average (15.1x).

PE vs Market: JBERGER is good value based on its PE Ratio (5.1x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: JBERGER is good value based on its PB Ratio (0.8x) compared to the XF Construction industry average (1.1x).


Future Growth

How is Julius Berger Nigeria forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if JBERGER's forecast earnings growth is above the savings rate (13.2%).

Earnings vs Market: Insufficient data to determine if JBERGER's earnings are forecast to grow faster than the NG market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: JBERGER's revenue (6.3% per year) is forecast to grow slower than the NG market (10.4% per year).

High Growth Revenue: JBERGER's revenue (6.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JBERGER's Return on Equity is forecast to be low in 3 years time (18.7%).


Past Performance

How has Julius Berger Nigeria performed over the past 5 years?

40.9%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: JBERGER's current net profit margins (2.8%) are higher than last year (1.7%).


Past Earnings Growth Analysis

Earnings Trend: JBERGER's earnings have grown significantly by 40.9% per year over the past 5 years.

Accelerating Growth: JBERGER's earnings growth over the past year (98.4%) exceeds its 5-year average (40.9% per year).

Earnings vs Industry: JBERGER earnings growth over the past year (98.4%) exceeded the Construction industry -9.2%.


Return on Equity

High ROE: JBERGER's Return on Equity (16.2%) is considered low.


Financial Health

How is Julius Berger Nigeria's financial position?


Financial Position Analysis

Short Term Liabilities: JBERGER's short term assets (NGN184.7B) exceed its short term liabilities (NGN96.9B).

Long Term Liabilities: JBERGER's short term assets (NGN184.7B) do not cover its long term liabilities (NGN212.5B).


Debt to Equity History and Analysis

Debt Level: JBERGER's debt to equity ratio (62.5%) is considered high.

Reducing Debt: JBERGER's debt to equity ratio has reduced from 151.8% to 62.5% over the past 5 years.

Debt Coverage: JBERGER's debt is not well covered by operating cash flow (11.4%).

Interest Coverage: JBERGER's interest payments on its debt are well covered by EBIT (9.2x coverage).


Balance Sheet


Dividend

What is Julius Berger Nigeria current dividend yield, its reliability and sustainability?

1.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JBERGER's dividend (1.55%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (3.25%).

High Dividend: JBERGER's dividend (1.55%) is low compared to the top 25% of dividend payers in the NG market (7.24%).


Stability and Growth of Payments

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

Growing Dividend: JBERGER 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: JBERGER is not paying a notable dividend for the NG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JBERGER'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?

3.8yrs

Average management tenure


CEO

Lars Richter (45 yo)

3yrs

Tenure

Engr. Dr. Lars Richter has been Managing Director and Director at Julius Berger Nigeria Plc since October 16, 2018. Dr. Richter holds a Doctorate Degree in Civil Engineering. He has vast operational experi...


Leadership Team

Experienced Management: JBERGER's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: JBERGER's board of directors are considered experienced (4.1 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

Julius Berger Nigeria Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Julius Berger Nigeria Plc
  • Ticker: JBERGER
  • Exchange: NGSE
  • Founded: 1965
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: ₦40.800b
  • Shares outstanding: 1.60b
  • Website: https://www.julius-berger.com

Number of Employees


Location

  • Julius Berger Nigeria Plc
  • 10, Shettima A. Munguno Crescent
  • Utako
  • Abuja
  • 900108
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 15:21
End of Day Share Price2021/10/18 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.