NGSE:VITAFOAM

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Executive Summary

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. More Details


Snowflake Analysis

Excellent balance sheet with solid track record.

Share Price & News

How has Vitafoam Nigeria's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VITAFOAM is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: VITAFOAM's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-1.4%

VITAFOAM

1.3%

NG Consumer Durables

-3.7%

NG Market


1 Year Return

79.7%

VITAFOAM

4.7%

NG Consumer Durables

19.3%

NG Market

Return vs Industry: VITAFOAM exceeded the NG Consumer Durables industry which returned 6.3% over the past year.

Return vs Market: VITAFOAM exceeded the NG Market which returned 20.6% over the past year.


Shareholder returns

VITAFOAMIndustryMarket
7 Day-1.4%1.3%-3.7%
30 Day15.0%18.2%17.2%
90 Day34.0%34.1%33.9%
1 Year94.7%79.7%16.1%4.7%29.6%19.3%
3 Year272.9%211.3%-7.0%-31.1%-14.7%-28.6%
5 Year126.0%69.0%82.3%23.3%24.5%-4.0%

Long-Term Price Volatility Vs. Market

How volatile is Vitafoam Nigeria's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

2.62x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VITAFOAM (NGN6.9) is trading above our estimate of fair value (NGN1.81)

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 (2.6x) compared to the XX Consumer Durables industry average (17.8x).

PE vs Market: VITAFOAM is good value based on its PE Ratio (2.6x) compared to the NG market (7.7x).


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's PB Ratio (1.2x) is in line with the XF Consumer Durables industry average.


Next Steps

Future Growth

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

17.4%

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.


Next Steps

Past Performance

How has Vitafoam Nigeria performed over the past 5 years?

75.6%

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 (15.5%) are higher than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: VITAFOAM's earnings have grown significantly by 75.6% per year over the past 5 years.

Accelerating Growth: VITAFOAM's earnings growth over the past year (167.8%) exceeds its 5-year average (75.6% per year).

Earnings vs Industry: VITAFOAM earnings growth over the past year (167.8%) exceeded the Consumer Durables industry -7.7%.


Return on Equity

High ROE: VITAFOAM's Return on Equity (46.4%) is considered outstanding.


Next Steps

Financial Health

How is Vitafoam Nigeria's financial position?


Financial Position Analysis

Short Term Liabilities: VITAFOAM's short term assets (NGN13.3B) exceed its short term liabilities (NGN6.6B).

Long Term Liabilities: VITAFOAM's short term assets (NGN13.3B) exceed its long term liabilities (NGN4.2B).


Debt to Equity History and Analysis

Debt Level: VITAFOAM's debt to equity ratio (89.6%) is considered high.

Reducing Debt: VITAFOAM's debt to equity ratio has reduced from 122.9% to 89.6% over the past 5 years.

Debt Coverage: VITAFOAM's debt is well covered by operating cash flow (24.3%).

Interest Coverage: VITAFOAM's interest payments on its debt are well covered by EBIT (8.2x coverage).


Balance Sheet


Next Steps

Dividend

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

6.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VITAFOAM's dividend (6.81%) is higher than the bottom 25% of dividend payers in the NG market (3.35%).

High Dividend: VITAFOAM's dividend (6.81%) is low compared to the top 25% of dividend payers in the NG market (9.52%).


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 (17.8%), VITAFOAM'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?

5.3yrs

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

NamePositionTenureCompensationOwnership
Taiwo Adeniyi
CEO, Group MD & Executive Directorno datano datano data
Joseph Alegbesogie
Finance Director & Director1.92yrsno datano data
Abbagana Abatcha
Group Technical & Development Director and Director5.25yrsno datano data
Bamidele Owoade
Commercial Director & Directorno datano datano data
Olalekan Sanni
Company Secretary & Legal Adviser10.17yrsno datano data

5.3yrs

Average Tenure

Experienced Management: VITAFOAM's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Taiwo Adeniyi
CEO, Group MD & Executive Directorno datano datano data
Joseph Alegbesogie
Finance Director & Director1.92yrsno datano data
Abbagana Abatcha
Group Technical & Development Director and Director5.25yrsno datano data
Bamidele Owoade
Commercial Director & Directorno datano datano data
Bamidele Makanjuola
Chairman of the Boardno datano datano data
Adeola Adewakun
Non-Executive Director7.5yrsno datano data
Gerson Silva
Non Executive Director3.08yrsno datano data
Mohammed Alkali
Independent Non Executive Director3.08yrsno datano data
Rosemary Egonmwan
Independent Non Executive Director3.08yrsno datano data
Achike Umunna
Non-Executive Director0.92yrno datano data

3.1yrs

Average Tenure

Experienced Board: VITAFOAM's board of directors are considered experienced (3.1 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 company bio, 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: ₦8.753b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VITAFOAMNGSE (Nigerian Stock Exchange)YesOrdinary SharesNGNGNSep 2000

Biography

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 s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 16:32
End of Day Share Price2020/11/23 00:00
Earnings2020/06/30
Annual Earnings2019/09/30


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.