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IKEJ

Ikeja HotelNGSE:IKEJAHOTEL Stock Report

Market Cap

₦2.4b

7D

0.9%

1Y

3.6%

Updated

18 Oct, 2021

Data

Company Financials
IKEJAHOTEL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends1/6

IKEJAHOTEL Overview

Ikeja Hotel Plc engages in the operation of hotels and restaurants.

Price History & Performance

Summary of all time highs, changes and price drops for Ikeja Hotel
Historical stock prices
Current Share Price₦1.15
52 Week High₦0.90
52 Week Low₦1.76
Beta0.30
1 Month Change0.88%
3 Month Change-8.00%
1 Year Change3.60%
3 Year Change-49.34%
5 Year Change-37.84%
Change since IPO-61.98%

Recent News & Updates

Shareholder Returns

IKEJAHOTELNG HospitalityNG Market
7D0.9%7.8%1.1%
1Y3.6%37.2%38.9%

Return vs Industry: IKEJAHOTEL underperformed the NG Hospitality industry which returned 37.3% over the past year.

Return vs Market: IKEJAHOTEL underperformed the NG Market which returned 40% over the past year.

Price Volatility

Is IKEJAHOTEL's price volatile compared to industry and market?
IKEJAHOTEL volatility
IKEJAHOTEL Beta0.30
Industry Beta1.1
Market Beta1

Stable Share Price: IKEJAHOTEL is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 5% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1972415Theophilus Netufohttps://www.ikejahotelplc.com

Ikeja Hotel Plc engages in the operation of hotels and restaurants. The company operates through two segments, Lagos and Abuja. It operates three five star hotels, including Sheraton Lagos Hotel, Sheraton Abuja Hotel, and Federal Palace Hotels & Casino.

Ikeja Hotel Fundamentals Summary

How do Ikeja Hotel's earnings and revenue compare to its market cap?
IKEJAHOTEL fundamental statistics
Market Cap₦2.39b
Earnings (TTM)-₦5.64b
Revenue (TTM)₦5.92b

0.4x

P/S Ratio

-0.4x

P/E Ratio

Is IKEJAHOTEL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
IKEJAHOTEL income statement (TTM)
Revenue₦5.92b
Cost of Revenue₦5.66b
Gross Profit₦257.74m
Expenses₦5.90b
Earnings-₦5.64b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-2.71
Gross Margin4.35%
Net Profit Margin-95.29%
Debt/Equity Ratio0.0%

How did IKEJAHOTEL perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

-0.736%

Payout Ratio

Valuation

Is Ikeja Hotel undervalued compared to its fair value and its price relative to the market?

0.21x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: IKEJAHOTEL (NGN1.15) is trading above our estimate of fair value (NGN0.17)

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


Price To Earnings Ratio

PE vs Industry: IKEJAHOTEL is unprofitable, so we can't compare its PE Ratio to the African Hospitality industry average.

PE vs Market: IKEJAHOTEL 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 IKEJAHOTEL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IKEJAHOTEL is good value based on its PB Ratio (0.2x) compared to the NG Hospitality industry average (0.7x).


Future Growth

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

45.4%

Forecasted Consumer Services 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 Ikeja Hotel 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 Ikeja Hotel performed over the past 5 years?

-83.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IKEJAHOTEL is currently unprofitable.

Growing Profit Margin: IKEJAHOTEL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IKEJAHOTEL is unprofitable, and losses have increased over the past 5 years at a rate of 83.6% per year.

Accelerating Growth: Unable to compare IKEJAHOTEL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IKEJAHOTEL is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (23.9%).


Return on Equity

High ROE: IKEJAHOTEL has a negative Return on Equity (-29.95%), as it is currently unprofitable.


Financial Health

How is Ikeja Hotel's financial position?


Financial Position Analysis

Short Term Liabilities: IKEJAHOTEL's short term assets (NGN14.2B) exceed its short term liabilities (NGN11.0B).

Long Term Liabilities: IKEJAHOTEL's short term assets (NGN14.2B) exceed its long term liabilities (NGN10.2B).


Debt to Equity History and Analysis

Debt Level: IKEJAHOTEL is debt free.

Reducing Debt: IKEJAHOTEL has no debt compared to 5 years ago when its debt to equity ratio was 5.7%.


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: IKEJAHOTEL has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: IKEJAHOTEL has sufficient cash runway for 2.6 years if free cash flow continues to reduce at historical rates of 58.9% each year.


Dividend

What is Ikeja Hotel current dividend yield, its reliability and sustainability?

3.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IKEJAHOTEL's dividend (3.48%) is higher than the bottom 25% of dividend payers in the NG market (3.3%).

High Dividend: IKEJAHOTEL's dividend (3.48%) is low compared to the top 25% of dividend payers in the NG market (7.31%).


Stability and Growth of Payments

Stable Dividend: IKEJAHOTEL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: IKEJAHOTEL has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: IKEJAHOTEL is paying a dividend but the company is unprofitable.


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?


CEO

Theophilus Netufo

1.33yrs

Tenure

Mr. Theophilus Eniola Netufo, FCA, serves as Group Managing Director at Ikeja Hotel Plc since 2020, also serves as it's Chief Executive Officer and Director since June 2020. He was Managing Director at Ike...


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

Ikeja Hotel Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Ikeja Hotel Plc
  • Ticker: IKEJAHOTEL
  • Exchange: NGSE
  • Founded: 1972
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: ₦2.391b
  • Shares outstanding: 2.08b
  • Website: https://www.ikejahotelplc.com

Number of Employees


Location

  • Ikeja Hotel Plc
  • 84, Opebi Road
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:42
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.