TIP Stock Overview
The Initiates Plc, a waste management company, provides industrial cleaning and decontamination services to the private and public sectors.
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
+ 3 more risks
The Initiates Plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦2.35 |
| 52 Week High | ₦3.23 |
| 52 Week Low | ₦0.36 |
| Beta | -0.17 |
| 1 Month Change | -2.08% |
| 3 Month Change | -3.69% |
| 1 Year Change | 351.92% |
| 3 Year Change | 410.87% |
| 5 Year Change | 193.75% |
| Change since IPO | 164.04% |
Recent News & Updates
Recent updates
Shareholder Returns
| TIP | NG Commercial Services | NG Market | |
|---|---|---|---|
| 7D | 0% | 1.9% | -1.6% |
| 1Y | 351.9% | 17.3% | 128.2% |
Return vs Industry: TIP exceeded the NG Commercial Services industry which returned 17.3% over the past year.
Return vs Market: TIP exceeded the NG Market which returned 128.2% over the past year.
Price Volatility
| TIP volatility | |
|---|---|
| TIP Average Weekly Movement | 14.0% |
| Commercial Services Industry Average Movement | 5.9% |
| Market Average Movement | 8.7% |
| 10% most volatile stocks in NG Market | 12.4% |
| 10% least volatile stocks in NG Market | 3.3% |
Stable Share Price: TIP's share price has been volatile over the past 3 months.
Volatility Over Time: TIP's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1995 | 50 | Reuben Ossai | www.initiatesgroup.com |
The Initiates Plc, a waste management company, provides industrial cleaning and decontamination services to the private and public sectors. The company offers thermal desorption, onsite drilling waste management, waste incineration, E-waste processing, and consultancy, as well as decontamination services comprising asbestos management, and soil and groundwater remediation. It also offers industrial cleaning and decontamination services comprising surface, pipelines and sewers, and heat exchangers tube and fins cleaning, as well as FPSOs, tanks, and vessel desludging and cleaning services.
The Initiates Plc Fundamentals Summary
| TIP fundamental statistics | |
|---|---|
| Market cap | ₦2.09b |
| Earnings (TTM) | ₦348.23m |
| Revenue (TTM) | ₦1.85b |
6.0x
P/E Ratio1.1x
P/S RatioIs TIP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TIP income statement (TTM) | |
|---|---|
| Revenue | ₦1.85b |
| Cost of Revenue | ₦1.20b |
| Gross Profit | ₦647.84m |
| Other Expenses | ₦299.62m |
| Earnings | ₦348.23m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.39 |
| Gross Margin | 35.03% |
| Net Profit Margin | 18.83% |
| Debt/Equity Ratio | 69.6% |
How did TIP perform over the long term?
See historical performance and comparisonDividends
2.6%
Current Dividend Yield15%
Payout RatioDoes TIP pay a reliable dividends?
See TIP dividend history and benchmarks| Initiates dividend dates | |
|---|---|
| Ex Dividend Date | Jul 08 2024 |
| Dividend Pay Date | Jul 26 2024 |
| Days until Ex dividend | 82 days |
| Days until Dividend pay date | 100 days |
Does TIP pay a reliable dividends?
See TIP dividend history and benchmarks