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ENAM

Nigerian Enamelware NGSE:ENAMELWA Stock Report

Last Price

₦16.20

Market Cap

₦1.2b

7D

0%

1Y

0%

Updated

23 Sep, 2022

Data

Company Financials
ENAMELWA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

ENAMELWA Stock Overview

Nigerian Enamelware Plc engages in the manufacture, marketing, and sale of enamelware, plastic products, and galvanized buckets in Nigeria.

Nigerian Enamelware Competitors

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₦0
52 Week Low₦0
Beta0
1 Month Change0%
3 Month Change0%
1 Year Change0%
3 Year Change-26.70%
5 Year Change-30.26%
Change since IPO914.26%

Recent News & Updates

Shareholder Returns

ENAMELWANG Consumer DurablesNG Market
7D0%1.6%-0.9%
1Y0%-18.7%0.3%

Return vs Industry: ENAMELWA exceeded the NG Consumer Durables industry which returned -18.7% over the past year.

Return vs Market: ENAMELWA matched the NG Market which returned 0.3% over the past year.

Price Volatility

Is ENAMELWA's price volatile compared to industry and market?
ENAMELWA volatility
ENAMELWA Average Weekly Movement0%
Consumer Durables Industry Average Movement5.2%
Market Average Movement5.0%
10% most volatile stocks in NG Market8.2%
10% least volatile stocks in NG Market2.8%

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
1960138Taiwo Alli

Nigerian Enamelware Plc engages in the manufacture, marketing, and sale of 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 Company Ltd.

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)-₦408.81m
Revenue (TTM)₦323.38m

3.8x

P/S Ratio

-3.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENAMELWA income statement (TTM)
Revenue₦323.38m
Cost of Revenue₦359.87m
Gross Profit-₦36.49m
Other Expenses₦372.32m
Earnings-₦408.81m

Last Reported Earnings

Jul 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-5.38
Gross Margin-11.28%
Net Profit Margin-126.42%
Debt/Equity Ratio0.0%

How did ENAMELWA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ENAMELWA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ENAMELWA?

Other financial metrics that can be useful for relative valuation.

ENAMELWA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.7x
Enterprise Value/EBITDA-25.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ENAMELWA's PS Ratio compare to its peers?

ENAMELWA PS Ratio vs Peers
The above table shows the PS ratio for ENAMELWA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.7x
VESY S.C. VES
1.1xn/aRON16.5m
CTIB Yunhong CTI
0.2xn/aUS$4.4m
YALCO YALCO - Socrates D. Constantinou & Son
0.9xn/a€3.8m
KICI Kedaung Indah Can
0.7xn/aRp66.8b
ENAMELWA Nigerian Enamelware
3.8xn/a₦1.2b

Price-To-Sales vs Peers: ENAMELWA is expensive based on its Price-To-Sales Ratio (3.8x) compared to the peer average (0.7x).


Price to Earnings Ratio vs Industry

How does ENAMELWA's PE Ratio compare vs other companies in the Global Consumer Durables Industry?

Price-To-Sales vs Industry: ENAMELWA is expensive based on its Price-To-Sales Ratio (3.8x) compared to the Global Consumer Durables industry average (0.8x)


Price to Sales Ratio vs Fair Ratio

What is ENAMELWA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ENAMELWA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ENAMELWA's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ENAMELWA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ENAMELWA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ENAMELWA's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.0%

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.


Discover growth companies

  • Take a look at our analysis of ENAMELWA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Nigerian Enamelware performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-41.9%

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 41.9% 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 (2.3%).


Return on Equity

High ROE: ENAMELWA has a negative Return on Equity (-315.93%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Nigerian Enamelware's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ENAMELWA's short term assets (NGN3.6B) do not cover its short term liabilities (NGN4.3B).

Long Term Liabilities: ENAMELWA has no long term liabilities.


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 263.7%.


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: ENAMELWA has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ENAMELWA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25% each year


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Dividend

What is Nigerian Enamelware current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


Earnings Payout to Shareholders

Earnings Coverage: ENAMELWA is not paying a notable dividend for the NG market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ENAMELWA has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.2yrs

Average management tenure


CEO

Taiwo Alli

1.17yrs

Tenure

Mr. Taiwo Alli is Managing Director and Executive Director of Nigerian Enamelware Plc from July 31, 2021.


Leadership Team

Experienced Management: ENAMELWA's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: ENAMELWA's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


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.

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
  • Implied Market Cap: ₦1.232b
  • Shares outstanding: 76.03m

Number of Employees


Location

  • Nigerian Enamelware Plc
  • Oyintola Oluwafemi
  • 18, Wempco Road
  • Ikeja
  • Nigeria


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENAMELWANGSE (Nigerian Stock Exchange)YesOrdinary SharesNGNGNMay 2000

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/22 00:00
Earnings2022/07/31
Annual Earnings2022/04/30


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.