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TOUR

Tourist Company of NigeriaNGSE:TOURIST Stock Report

Market Cap

₦6.4b

7D

0%

1Y

-9.8%

Updated

20 Oct, 2021

Data

Company Financials
TOURIST fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

TOURIST Overview

The Tourist Company of Nigeria Plc engages in the operation of gaming and hospitality businesses in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Tourist Company of Nigeria
Historical stock prices
Current Share Price₦2.84
52 Week High₦2.84
52 Week Low₦2.84
Beta0.023
1 Month Change0%
3 Month Change0%
1 Year Change-9.84%
3 Year Change-18.86%
5 Year Change-19.09%
Change since IPO-29.00%

Recent News & Updates

Shareholder Returns

TOURISTNG HospitalityNG Market
7D0%0.3%0.4%
1Y-9.8%37.2%40.4%

Return vs Industry: TOURIST underperformed the NG Hospitality industry which returned 37.2% over the past year.

Return vs Market: TOURIST underperformed the NG Market which returned 38.8% over the past year.

Price Volatility

Is TOURIST's price volatile compared to industry and market?
TOURIST volatility
TOURIST Beta0.023
Industry Beta1.1
Market Beta1

Stable Share Price: TOURIST is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: TOURIST's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1964376n/ahttps://www.tcn.com.ng

The Tourist Company of Nigeria Plc engages in the operation of gaming and hospitality businesses in Nigeria. It owns and operates Federal Palace Hotel & Casino, including a casino, two restaurants and bars, meeting rooms, a banqueting and conference centre, and recreational facilities in Victoria Island, Lagos. The Tourist Company of Nigeria Plc was incorporated in 1964 and is based in Lagos, Nigeria.

Tourist Company of Nigeria Fundamentals Summary

How do Tourist Company of Nigeria's earnings and revenue compare to its market cap?
TOURIST fundamental statistics
Market Cap₦6.38b
Earnings (TTM)-₦6.53b
Revenue (TTM)₦1.31b

4.9x

P/S Ratio

-1.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TOURIST income statement (TTM)
Revenue₦1.31b
Cost of Revenue₦2.95b
Gross Profit-₦1.64b
Expenses₦4.89b
Earnings-₦6.53b

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-2.91
Gross Margin-124.79%
Net Profit Margin-497.35%
Debt/Equity Ratio553.9%

How did TOURIST perform over the long term?

See historical performance and comparison

Valuation

Is Tourist Company of Nigeria undervalued compared to its fair value and its price relative to the market?

1.37x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TOURIST (NGN2.84) is trading above our estimate of fair value (NGN0.57)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TOURIST is overvalued based on its PB Ratio (1.4x) compared to the NG Hospitality industry average (0.7x).


Future Growth

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

45.6%

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 Tourist Company of 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 Tourist Company of Nigeria performed over the past 5 years?

7.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TOURIST is currently unprofitable.

Growing Profit Margin: TOURIST is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TOURIST is unprofitable, but has reduced losses over the past 5 years at a rate of 7.3% per year.

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

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


Return on Equity

High ROE: TOURIST has a negative Return on Equity (-140.58%), as it is currently unprofitable.


Financial Health

How is Tourist Company of Nigeria's financial position?


Financial Position Analysis

Short Term Liabilities: TOURIST's short term assets (NGN1.0B) do not cover its short term liabilities (NGN1.6B).

Long Term Liabilities: TOURIST's short term assets (NGN1.0B) do not cover its long term liabilities (NGN25.7B).


Debt to Equity History and Analysis

Debt Level: TOURIST's debt to equity ratio (553.9%) is considered high.

Reducing Debt: TOURIST had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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: Insufficient data to determine if TOURIST has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TOURIST has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Tourist Company of Nigeria current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TOURIST's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TOURIST'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 TOURIST's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TOURIST'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 TOURIST'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?

4.2yrs

Average board tenure


CEO

Tourist Company of Nigeria has no CEO, or we have no data on them.


Board Members

Experienced Board: TOURIST's board of directors are considered experienced (4.2 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

The Tourist Company of Nigeria Plc's employee growth, exchange listings and data sources


Key Information

  • Name: The Tourist Company of Nigeria Plc
  • Ticker: TOURIST
  • Exchange: NGSE
  • Founded: 1964
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: ₦6.380b
  • Shares outstanding: 2.25b
  • Website: https://www.tcn.com.ng

Number of Employees


Location

  • The Tourist Company of Nigeria Plc
  • 6-8 Ahmadu Bello Way
  • Victoria Island
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 22:05
End of Day Share Price2021/10/20 00:00
Earnings2020/12/31
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.