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TRIP

Tripple GeeNGSE:TRIPPLEG Stock Report

Market Cap

₦475.2m

7D

0%

1Y

166.7%

Updated

18 Oct, 2021

Data

Company Financials
TRIPPLEG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends2/6

TRIPPLEG Overview

Tripple Gee & Company Plc manufactures and sells security documents, financial instruments, and labels and flexible packaging items in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Tripple Gee
Historical stock prices
Current Share Price₦0.96
52 Week High₦0.39
52 Week Low₦1.00
Beta0.060
1 Month Change0%
3 Month Change-4.00%
1 Year Change166.67%
3 Year Change24.68%
5 Year Change-29.41%
Change since IPO-43.81%

Recent News & Updates

Shareholder Returns

TRIPPLEGNG Commercial ServicesNG Market
7D0%5.5%1.6%
1Y166.7%63.9%40.0%

Return vs Industry: TRIPPLEG exceeded the NG Commercial Services industry which returned 63.9% over the past year.

Return vs Market: TRIPPLEG exceeded the NG Market which returned 40% over the past year.

Price Volatility

Is TRIPPLEG's price volatile compared to industry and market?
TRIPPLEG volatility
TRIPPLEG Beta0.060
Industry Beta0.92
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1980104n/ahttps://tripplegeeplc.com

Tripple Gee & Company Plc manufactures and sells security documents, financial instruments, and labels and flexible packaging items in Nigeria. It prints various documents, including MICR encoded and personalized cheques, share certificates, ballot papers and other election stationary, licenses and permits for vehicles and ticketing systems, customs revenue collection forms and receipts, statement of accounts, pension contribution, utility bills, and tax clearance certificates. The company also offers packaging and labelling products, such as tea bags, oil lubricant labels, pharma labels, anti-counterfeit labels, and larger packaging labels, as well as nylon, BOPP, PVC, and shrink packaging products.

Tripple Gee Fundamentals Summary

How do Tripple Gee's earnings and revenue compare to its market cap?
TRIPPLEG fundamental statistics
Market Cap₦475.16m
Earnings (TTM)₦83.24m
Revenue (TTM)₦2.14b

5.7x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRIPPLEG income statement (TTM)
Revenue₦2.14b
Cost of Revenue₦1.69b
Gross Profit₦452.32m
Expenses₦369.08m
Earnings₦83.24m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin21.15%
Net Profit Margin3.89%
Debt/Equity Ratio69.3%

How did TRIPPLEG perform over the long term?

See historical performance and comparison

Dividends

7.3%

Current Dividend Yield

42%

Payout Ratio

Valuation

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

5.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TRIPPLEG (NGN0.96) is trading above our estimate of fair value (NGN0.38)

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


Price To Earnings Ratio

PE vs Industry: TRIPPLEG is good value based on its PE Ratio (5.7x) compared to the African Commercial Services industry average (11.5x).

PE vs Market: TRIPPLEG is good value based on its PE Ratio (5.7x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TRIPPLEG is good value based on its PB Ratio (0.7x) compared to the XF Commercial Services industry average (1.2x).


Future Growth

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

20.2%

Forecasted Commercial Services 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 Tripple Gee 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 Tripple Gee performed over the past 5 years?

22.8%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: TRIPPLEG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TRIPPLEG's earnings have grown significantly by 22.8% per year over the past 5 years.

Accelerating Growth: TRIPPLEG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TRIPPLEG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (14.4%).


Return on Equity

High ROE: TRIPPLEG's Return on Equity (7.7%) is considered low.


Financial Health

How is Tripple Gee's financial position?


Financial Position Analysis

Short Term Liabilities: TRIPPLEG's short term assets (NGN1.4B) exceed its short term liabilities (NGN862.7M).

Long Term Liabilities: TRIPPLEG's short term assets (NGN1.4B) exceed its long term liabilities (NGN815.5M).


Debt to Equity History and Analysis

Debt Level: TRIPPLEG's debt to equity ratio (69.3%) is considered high.

Reducing Debt: TRIPPLEG's debt to equity ratio has increased from 22.2% to 69.3% over the past 5 years.

Debt Coverage: TRIPPLEG's debt is not well covered by operating cash flow (4.8%).

Interest Coverage: TRIPPLEG's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Dividend

What is Tripple Gee current dividend yield, its reliability and sustainability?

7.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TRIPPLEG's dividend (7.29%) is higher than the bottom 25% of dividend payers in the NG market (3.3%).

High Dividend: TRIPPLEG's dividend (7.29%) is low compared to the top 25% of dividend payers in the NG market (7.31%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, TRIPPLEG has been paying a dividend for less than 10 years.

Growing Dividend: TRIPPLEG's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.6%), TRIPPLEG'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?

14.8yrs

Average board tenure


CEO

Tripple Gee has no CEO, or we have no data on them.


Board Members

Experienced Board: TRIPPLEG's board of directors are seasoned and experienced ( 14.8 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

Tripple Gee & Company Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Tripple Gee & Company Plc
  • Ticker: TRIPPLEG
  • Exchange: NGSE
  • Founded: 1980
  • Industry: Commercial Printing
  • Sector: Commercial Services
  • Market Cap: ₦475.156m
  • Shares outstanding: 494.95m
  • Website: https://tripplegeeplc.com

Number of Employees


Location

  • Tripple Gee & Company Plc
  • Plot 9, Kareem Giwa Street
  • Opposite Trade Fair Complex
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:40
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.