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Ardova Past Earnings Performance

Past criteria checks 0/6

Ardova has been growing earnings at an average annual rate of 12.1%, while the Oil and Gas industry saw earnings growing at 8.8% annually. Revenues have been growing at an average rate of 17.9% per year.

Key information

12.1%

Earnings growth rate

12.1%

EPS growth rate

Oil and Gas Industry Growth38.5%
Revenue growth rate17.9%
Return on equity-73.9%
Net Margin-3.8%
Last Earnings Update30 Sep 2022

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Ardova makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NGSE:ARDOVA Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 22247,927-9,43013,5650
30 Jun 22241,320-6,77812,4150
31 Mar 22222,388-4,81610,5080
31 Dec 21201,440-3,8489,1130
30 Sep 21189,8621,2349,8910
30 Jun 21180,5822,6519,9860
31 Mar 21171,8742,5458,4210
31 Dec 20181,9391,8828,8070
30 Sep 20181,1835439,0090
30 Jun 20181,079-5238,8260
31 Mar 20186,0441,08810,3370
31 Dec 19176,5513,91510,0610
30 Sep 19163,437-16510,5500
30 Jun 19155,661-99310,9400
31 Mar 19148,896-2,64810,1970
31 Dec 18134,704-6,07710,2300
30 Sep 18112,948-2,7559,5530
30 Jun 18101,291-4,2519,2140
31 Mar 1881,528-7,9578,4340
31 Dec 1786,165-7,1469,0470
30 Sep 1795,553-5,4059,9250
30 Jun 17110,885-2,38010,6160
31 Mar 17146,0072,63713,1690
31 Dec 16148,6052,60213,3090
30 Sep 16154,0854,06313,1900
30 Jun 16147,8725,03713,1440
31 Mar 16127,1574,88212,7780
31 Dec 15124,6174,49212,7620
30 Sep 15139,1633,57712,3570
30 Jun 15151,6892,24712,0300
31 Mar 15168,4091,86910,6130
31 Dec 14170,1282,40010,6510
30 Sep 14158,4834,13713,6760
30 Jun 14147,6745,32812,8190
31 Mar 14136,2064,95512,9830
31 Dec 13128,0284,65812,0010
30 Sep 13120,0393,32813,9980
30 Jun 13107,8671,7777,5160
31 Mar 1392,8551,2197,7090
31 Dec 1290,9841,0087,8850
30 Sep 12101,063-11,00015,0400

Quality Earnings: ARDOVA is currently unprofitable.

Growing Profit Margin: ARDOVA is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: ARDOVA is unprofitable, but has reduced losses over the past 5 years at a rate of 12.1% per year.

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

Earnings vs Industry: ARDOVA is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (23.4%).


Return on Equity

High ROE: ARDOVA has a negative Return on Equity (-73.89%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/08/02 18:50
End of Day Share Price 2023/08/01 00:00
Earnings2022/09/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ardova Plc is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Henry IrunguAfrican Alliance
null nullARM Research
Olufemi AdemolaBGL Research