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VITA

Vitafoam NigeriaNGSE:VITAFOAM Stock Report

Market Cap

₦27.4b

7D

4.8%

1Y

212.9%

Updated

25 Nov, 2021

Data

Company Financials
VITAFOAM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

VITAFOAM Stock Overview

Vitafoam Nigeria Plc, together with its subsidiaries, manufactures, markets, and distributes flexible/rigid foam and fiber products, and textile linens in Nigeria and West Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Vitafoam Nigeria
Historical stock prices
Current Share Price₦21.90
52 Week High₦21.90
52 Week Low₦6.35
Beta0.42
1 Month Change25.86%
3 Month Change33.54%
1 Year Change212.86%
3 Year Change672.94%
5 Year Change995.00%
Change since IPO956.84%

Recent News & Updates

Shareholder Returns

VITAFOAMNG Consumer DurablesNG Market
7D4.8%-0.6%-0.4%
1Y212.9%22.2%18.4%

Return vs Industry: VITAFOAM exceeded the NG Consumer Durables industry which returned 22.2% over the past year.

Return vs Market: VITAFOAM exceeded the NG Market which returned 18.4% over the past year.

Price Volatility

Is VITAFOAM's price volatile compared to industry and market?
VITAFOAM volatility
VITAFOAM Average Weekly Movement4.1%
Consumer Durables Industry Average Movement5.0%
Market Average Movement4.5%
10% most volatile stocks in NG Market8.0%
10% least volatile stocks in NG Market2.6%

Stable Share Price: VITAFOAM is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: VITAFOAM's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1962652Taiwo Adeniyihttps://www.vitafoamng.com

Vitafoam Nigeria Plc, together with its subsidiaries, manufactures, markets, and distributes flexible/rigid foam and fiber products, and textile linens in Nigeria and West Africa. It operates through two segments, Foam Products and Furniture/Other Products. The company’s products include bedsheets, chairs, cots, duvets, flexi mats, mattress, pillows, poufs, sofas, leisure mats, prayer mats, seat support products, throw pillows, vita rolls, vita travel products, memory topper, beds, dressing tables, wardrobes, and textile linens.

Vitafoam Nigeria Fundamentals Summary

How do Vitafoam Nigeria's earnings and revenue compare to its market cap?
VITAFOAM fundamental statistics
Market Cap₦27.39b
Earnings (TTM)₦4.95b
Revenue (TTM)₦35.38b

5.5x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VITAFOAM income statement (TTM)
Revenue₦35.38b
Cost of Revenue₦21.31b
Gross Profit₦14.07b
Expenses₦9.12b
Earnings₦4.95b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.96
Gross Margin39.76%
Net Profit Margin13.99%
Debt/Equity Ratio85.8%

How did VITAFOAM perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

15%

Payout Ratio

Valuation

Is Vitafoam Nigeria undervalued compared to its fair value and its price relative to the market?

5.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VITAFOAM (NGN21.9) is trading above our estimate of fair value (NGN5.39)

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


Price To Earnings Ratio

PE vs Industry: VITAFOAM is good value based on its PE Ratio (5.5x) compared to the Global Consumer Durables industry average (13.8x).

PE vs Market: VITAFOAM is good value based on its PE Ratio (5.5x) compared to the NG market (7.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VITAFOAM is overvalued based on its PB Ratio (2.1x) compared to the XF Consumer Durables industry average (0.9x).


Future Growth

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

13.4%

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 Vitafoam Nigeria 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 Vitafoam Nigeria performed over the past 5 years?

61.8%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: VITAFOAM's current net profit margins (14%) are lower than last year (15.4%).


Past Earnings Growth Analysis

Earnings Trend: VITAFOAM has become profitable over the past 5 years, growing earnings by 61.8% per year.

Accelerating Growth: VITAFOAM's earnings growth over the past year (36.7%) is below its 5-year average (61.8% per year).

Earnings vs Industry: VITAFOAM earnings growth over the past year (36.7%) underperformed the Consumer Durables industry 41.6%.


Return on Equity

High ROE: VITAFOAM's Return on Equity (39.3%) is considered high.


Financial Health

How is Vitafoam Nigeria's financial position?


Financial Position Analysis

Short Term Liabilities: VITAFOAM's short term assets (NGN25.3B) exceed its short term liabilities (NGN15.8B).

Long Term Liabilities: VITAFOAM's short term assets (NGN25.3B) exceed its long term liabilities (NGN2.7B).


Debt to Equity History and Analysis

Debt Level: VITAFOAM's net debt to equity ratio (6.9%) is considered satisfactory.

Reducing Debt: VITAFOAM's debt to equity ratio has reduced from 192.2% to 85.8% over the past 5 years.

Debt Coverage: VITAFOAM's debt is not well covered by operating cash flow (13.7%).

Interest Coverage: VITAFOAM's interest payments on its debt are well covered by EBIT (27.5x coverage).


Balance Sheet


Dividend

What is Vitafoam Nigeria current dividend yield, its reliability and sustainability?

3.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VITAFOAM's dividend (3.2%) is higher than the bottom 25% of dividend payers in the NG market (3.07%).

High Dividend: VITAFOAM's dividend (3.2%) is low compared to the top 25% of dividend payers in the NG market (7.28%).


Stability and Growth of Payments

Stable Dividend: VITAFOAM's dividend payments have been volatile in the past 10 years.

Growing Dividend: VITAFOAM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.7%), VITAFOAM's dividend payments are thoroughly 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?

6.3yrs

Average management tenure


CEO

Taiwo Adeniyi

no data

Tenure

Mr. Taiwo Ayodele Adeniyi serves as Chief Executive Officer and Group Managing Director of Vitafoam Nigeria Plc. Mr. Adeniyi served as Group Technical and Development Director at Vitafoam Nigeria Plc and a...


Leadership Team

Experienced Management: VITAFOAM's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: VITAFOAM's board of directors are considered experienced (4.1 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

Vitafoam Nigeria Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Vitafoam Nigeria Plc
  • Ticker: VITAFOAM
  • Exchange: NGSE
  • Founded: 1962
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: ₦27.393b
  • Shares outstanding: 1.25b
  • Website: https://www.vitafoamng.com

Number of Employees


Location

  • Vitafoam Nigeria Plc
  • 140, Oba Akran Avenue
  • Industrial Estate
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/25 21:48
End of Day Share Price2021/11/25 00:00
Earnings2021/09/30
Annual Earnings2021/09/30


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.