Secure Electronic Technology Plc engages in the lottery business in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.20|
|52 Week High||₦0.20|
|52 Week Low||₦0.20|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||0%|
|3 Year Change||0%|
|5 Year Change||-60.00%|
|Change since IPO||-94.01%|
Recent News & Updates
|NSLTECH||NG Hospitality||NG Market|
Return vs Industry: NSLTECH underperformed the NG Hospitality industry which returned 36.8% over the past year.
Return vs Market: NSLTECH underperformed the NG Market which returned 40.9% over the past year.
Stable Share Price: NSLTECH is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 0% a week.
Volatility Over Time: NSLTECH's weekly volatility (0%) has been stable over the past year.
About the Company
Secure Electronic Technology Plc engages in the lottery business in Nigeria. It offers lottery and gaming products. The company was formerly known as National Sports Lottery Plc and changed its name to Secure Electronic Technology Plc in January 2010.
Secure Electronic Technology Fundamentals Summary
|NSLTECH fundamental statistics|
Is NSLTECH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NSLTECH income statement (TTM)|
|Cost of Revenue||₦2.46b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0058|
|Net Profit Margin||-0.80%|
How did NSLTECH perform over the long term?See historical performance and comparison
Is Secure Electronic Technology undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NSLTECH (NGN0.2) is trading below our estimate of fair value (NGN0.37)
Significantly Below Fair Value: NSLTECH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NSLTECH is unprofitable, so we can't compare its PE Ratio to the African Hospitality industry average.
PE vs Market: NSLTECH 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 NSLTECH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NSLTECH is good value based on its PB Ratio (0.4x) compared to the NG Hospitality industry average (0.7x).
How is Secure Electronic Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Secure Electronic Technology 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.
How has Secure Electronic Technology performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NSLTECH is currently unprofitable.
Growing Profit Margin: NSLTECH is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NSLTECH is unprofitable, and losses have increased over the past 5 years at a rate of 44.9% per year.
Accelerating Growth: Unable to compare NSLTECH's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NSLTECH is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (23.7%).
Return on Equity
High ROE: NSLTECH has a negative Return on Equity (-1.2%), as it is currently unprofitable.
How is Secure Electronic Technology's financial position?
Financial Position Analysis
Short Term Liabilities: NSLTECH's short term assets (NGN394.7M) do not cover its short term liabilities (NGN770.9M).
Long Term Liabilities: NSLTECH has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NSLTECH is debt free.
Reducing Debt: NSLTECH had no debt 5 years ago.
Debt Coverage: NSLTECH has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NSLTECH has no debt, therefore coverage of interest payments is not a concern.
What is Secure Electronic Technology current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NSLTECH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NSLTECH'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 NSLTECH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NSLTECH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NSLTECH's dividend in 3 years as they are not forecast to pay a notable one for the NG market.
How experienced are the management team and are they aligned to shareholders interests?
Dr. Odunlami .B. A. Kola-Daisi serves as Chief Executive Officer at Secure Electronic Technology Plc. Dr. Kola-Daisi serves as Deputy Managing Director and Chief Relationship Officer of Fountain Trust Bank...
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Secure Electronic Technology Plc's employee growth, exchange listings and data sources
- Name: Secure Electronic Technology Plc
- Ticker: NSLTECH
- Exchange: NGSE
- Founded: 2000
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: ₦1.126b
- Shares outstanding: 5.63b
- Website: https://www.setplc.com
Number of Employees
- Secure Electronic Technology Plc
- The Agbeke House
- 107, Bamgbose Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 21:40|
|End of Day Share Price||2021/10/25 00:00|
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.