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NSLT

Secure Electronic TechnologyNGSE:NSLTECH Stock Report

Market Cap

₦1.1b

7D

0%

1Y

0%

Updated

25 Oct, 2021

Data

Company Financials
NSLTECH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

NSLTECH Overview

Secure Electronic Technology Plc engages in the lottery business in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Secure Electronic Technology
Historical stock prices
Current Share Price₦0.20
52 Week High₦0.20
52 Week Low₦0.20
Beta0.13
1 Month Change0%
3 Month Change0%
1 Year Change0%
3 Year Change0%
5 Year Change-60.00%
Change since IPO-94.01%

Recent News & Updates

Shareholder Returns

NSLTECHNG HospitalityNG Market
7D0%-0.1%1.5%
1Y0%37.0%40.2%

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.

Price Volatility

Is NSLTECH's price volatile compared to industry and market?
NSLTECH volatility
NSLTECH Beta0.13
Industry Beta1.11
Market Beta1

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

FoundedEmployeesCEOWebsite
200056Odunlami Kola-Daisihttps://www.setplc.com

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

How do Secure Electronic Technology's earnings and revenue compare to its market cap?
NSLTECH fundamental statistics
Market Cap₦1.13b
Earnings (TTM)-₦32.85m
Revenue (TTM)₦4.13b

0.3x

P/S Ratio

-34.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NSLTECH income statement (TTM)
Revenue₦4.13b
Cost of Revenue₦2.46b
Gross Profit₦1.67b
Expenses₦1.70b
Earnings-₦32.85m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0058
Gross Margin40.41%
Net Profit Margin-0.80%
Debt/Equity Ratio0.0%

How did NSLTECH perform over the long term?

See historical performance and comparison

Valuation

Is Secure Electronic Technology undervalued compared to its fair value and its price relative to the market?

46.2%

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).


Future Growth

How is Secure Electronic Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

45.5%

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.


Past Performance

How has Secure Electronic Technology performed over the past 5 years?

-44.9%

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.


Financial Health

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.


Balance Sheet


Dividend

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.


Next Steps

Management

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


CEO

Odunlami Kola-Daisi

no data

Tenure

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...


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

Secure Electronic Technology Plc's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Secure Electronic Technology Plc
  • The Agbeke House
  • 107, Bamgbose Street
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:40
End of Day Share Price2021/10/25 00:00
Earnings2021/09/30
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.