Nigerian Enamelware Plc manufactures, markets, and sells enamelware, plastic products, and galvanized buckets in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦16.20|
|52 Week High||₦16.20|
|52 Week Low||₦19.90|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||-26.70%|
|3 Year Change||-26.70%|
|5 Year Change||-34.72%|
|Change since IPO||914.26%|
Recent News & Updates
|ENAMELWA||NG Consumer Durables||NG Market|
Return vs Industry: ENAMELWA underperformed the NG Consumer Durables industry which returned 38.3% over the past year.
Return vs Market: ENAMELWA underperformed the NG Market which returned 40.1% over the past year.
Stable Share Price: ENAMELWA is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 0% a week.
Volatility Over Time: ENAMELWA's weekly volatility (0%) has been stable over the past year.
About the Company
Nigerian Enamelware Plc manufactures, markets, and sells enamelware, plastic products, and galvanized buckets in Nigeria. The company was incorporated in 1960 and is based in Ikeja, Nigeria. Nigerian Enamelware Plc is a subsidiary of I-Feng Limited.
Nigerian Enamelware Fundamentals Summary
|ENAMELWA fundamental statistics|
Is ENAMELWA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ENAMELWA income statement (TTM)|
|Cost of Revenue||₦419.44m|
Last Reported Earnings
Apr 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-3.62|
|Net Profit Margin||-92.56%|
How did ENAMELWA perform over the long term?See historical performance and comparison
Is Nigerian Enamelware undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: ENAMELWA (NGN16.2) is trading above our estimate of fair value (NGN0.02)
Significantly Below Fair Value: ENAMELWA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ENAMELWA is unprofitable, so we can't compare its PE Ratio to the Global Consumer Durables industry average.
PE vs Market: ENAMELWA is unprofitable, so we can't compare its PE Ratio to the NG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ENAMELWA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ENAMELWA is overvalued based on its PB Ratio (2.2x) compared to the XF Consumer Durables industry average (1.6x).
How is Nigerian Enamelware forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables 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 Nigerian Enamelware 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.
How has Nigerian Enamelware performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENAMELWA is currently unprofitable.
Growing Profit Margin: ENAMELWA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ENAMELWA is unprofitable, and losses have increased over the past 5 years at a rate of 70.6% per year.
Accelerating Growth: Unable to compare ENAMELWA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ENAMELWA is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (42%).
Return on Equity
High ROE: ENAMELWA has a negative Return on Equity (-49.57%), as it is currently unprofitable.
How is Nigerian Enamelware's financial position?
Financial Position Analysis
Short Term Liabilities: ENAMELWA's short term assets (NGN639.9M) do not cover its short term liabilities (NGN708.7M).
Long Term Liabilities: ENAMELWA's short term assets (NGN639.9M) exceed its long term liabilities (NGN242.5M).
Debt to Equity History and Analysis
Debt Level: ENAMELWA is debt free.
Reducing Debt: ENAMELWA has no debt compared to 5 years ago when its debt to equity ratio was 122.7%.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ENAMELWA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ENAMELWA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 2.1% per year.
What is Nigerian Enamelware current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ENAMELWA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ENAMELWA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ENAMELWA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ENAMELWA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ENAMELWA is not paying a notable dividend for the NG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ENAMELWA's dividend in 3 years as they are not forecast to pay a notable one for the NG market.
How experienced are the management team and are they aligned to shareholders interests?
Mr. Phillip Tung serves as the Chief Executive Officer, Managing Director and Director of Nigerian Enamelware PLC.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nigerian Enamelware Plc's employee growth, exchange listings and data sources
- Name: Nigerian Enamelware Plc
- Ticker: ENAMELWA
- Exchange: NGSE
- Founded: 1960
- Industry: Housewares and Specialties
- Sector: Consumer Durables
- Market Cap: ₦1.232b
- Shares outstanding: 76.03m
Number of Employees
- Nigerian Enamelware Plc
- Ikeja Industrial Estate
- 18 Wempco Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 15:20|
|End of Day Share Price||2021/10/15 00:00|
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.