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ENAM

Nigerian EnamelwareNGSE:ENAMELWA Stock Report

Market Cap

₦1.2b

7D

0%

1Y

-26.7%

Updated

16 Oct, 2021

Data

Company Financials
ENAMELWA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

ENAMELWA Overview

Nigerian Enamelware Plc manufactures, markets, and sells enamelware, plastic products, and galvanized buckets in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Nigerian Enamelware
Historical stock prices
Current Share Price₦16.20
52 Week High₦16.20
52 Week Low₦19.90
Beta0.011
1 Month Change0%
3 Month Change0%
1 Year Change-26.70%
3 Year Change-26.70%
5 Year Change-34.72%
Change since IPO914.26%

Recent News & Updates

Shareholder Returns

ENAMELWANG Consumer DurablesNG Market
7D0%-1.3%1.6%
1Y-26.7%38.3%40.1%

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.

Price Volatility

Is ENAMELWA's price volatile compared to industry and market?
ENAMELWA volatility
ENAMELWA Beta0.011
Industry Beta1.07
Market Beta1

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

FoundedEmployeesCEOWebsite
1960267Phillip Tung

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

How do Nigerian Enamelware's earnings and revenue compare to its market cap?
ENAMELWA fundamental statistics
Market Cap₦1.23b
Earnings (TTM)-₦275.53m
Revenue (TTM)₦297.67m

4.1x

P/S Ratio

-4.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENAMELWA income statement (TTM)
Revenue₦297.67m
Cost of Revenue₦419.44m
Gross Profit-₦121.77m
Expenses₦153.76m
Earnings-₦275.53m

Last Reported Earnings

Apr 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-3.62
Gross Margin-40.91%
Net Profit Margin-92.56%
Debt/Equity Ratio0.0%

How did ENAMELWA perform over the long term?

See historical performance and comparison

Valuation

Is Nigerian Enamelware undervalued compared to its fair value and its price relative to the market?

2.22x

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).


Future Growth

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

12.4%

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.


Past Performance

How has Nigerian Enamelware performed over the past 5 years?

-70.6%

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.


Financial Health

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%.


Balance Sheet


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.


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Phillip Tung

no data

Tenure

Mr. Phillip Tung serves as the Chief Executive Officer, Managing Director and Director of Nigerian Enamelware PLC.


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

Nigerian Enamelware Plc's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Nigerian Enamelware Plc
  • Ikeja Industrial Estate
  • 18 Wempco Road
  • Ikeja
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 15:20
End of Day Share Price2021/10/15 00:00
Earnings2021/04/30
Annual Earnings2021/04/30


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.