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TIP

Initiates NGSE:TIP Stock Report

Last Price

₦0.48

Market Cap

₦427.2m

7D

0%

1Y

29.7%

Updated

27 Nov, 2022

Data

Company Financials
TIP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends0/6

TIP Stock Overview

The Initiates Plc, a waste management company, provides contracting and consultancy services in waste management, industrial cleaning, and decontamination to the private and public sectors.

The Initiates Plc Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Initiates
Historical stock prices
Current Share Price₦0.48
52 Week High₦0.48
52 Week Low₦0.40
Beta0.042
1 Month Change0%
3 Month Change0%
1 Year Change29.73%
3 Year Change-31.43%
5 Year Change-41.46%
Change since IPO-46.07%

Recent News & Updates

Recent updates

Shareholder Returns

TIPNG Commercial ServicesNG Market
7D0%1.1%5.4%
1Y29.7%61.1%-1.2%

Return vs Industry: TIP underperformed the NG Commercial Services industry which returned 61.1% over the past year.

Return vs Market: TIP exceeded the NG Market which returned -1.2% over the past year.

Price Volatility

Is TIP's price volatile compared to industry and market?
TIP volatility
TIP Average Weekly Movement0%
Commercial Services Industry Average Movement5.6%
Market Average Movement5.5%
10% most volatile stocks in NG Market6.9%
10% least volatile stocks in NG Market2.8%

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

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

About the Company

FoundedEmployeesCEOWebsite
199549Reuben Ossaihttps://www.initiatesgroup.com

The Initiates Plc, a waste management company, provides contracting and consultancy services in waste management, industrial cleaning, and decontamination to the private and public sectors. The company offers thermal desorption services; surface cleaning and non-man entry automated tank cleaning systems, FPSOs, tanks, and vessel desludging and cleaning systems; onsite drilling waste management systems; waste incineration services; and e-waste processing services. It also provides waste management consultancy services, including contaminated land investigation and remediation planning, waste auditing and strategy development, and waste trans-boundary movement; asbestos management and soil and groundwater remediation; and municipal solid waste management services comprising waste collection planning and optimization, and processing and recycling, treatment and disposal, as well as cost recovery.

The Initiates Plc Fundamentals Summary

How do Initiates's earnings and revenue compare to its market cap?
TIP fundamental statistics
Market Cap₦427.19m
Earnings (TTM)₦50.67m
Revenue (TTM)₦736.74m

8.4x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TIP income statement (TTM)
Revenue₦736.74m
Cost of Revenue₦442.63m
Gross Profit₦294.12m
Other Expenses₦243.44m
Earnings₦50.67m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.057
Gross Margin39.92%
Net Profit Margin6.88%
Debt/Equity Ratio83.6%

How did TIP perform over the long term?

See historical performance and comparison