Conoil Plc
NGSE:CONOIL Stock Report
Conoil Balance Sheet Health
Financial Health criteria checks 6/6 Conoil has a total shareholder equity of NGN44.5B and total debt of NGN12.3B, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are NGN96.6B and NGN52.1B respectively. Conoil's EBIT is NGN18.6B making its interest coverage ratio 5.8. It has cash and short-term investments of NGN11.5B.
Key information
27.6%
Debt to equity ratio
Interest coverage ratio 5.8x Cash ₦11.46b Equity ₦44.48b Total liabilities ₦52.09b Total assets ₦96.57b
Recent financial health updates
Show all updates
Investor sentiment improves as stock rises 20% Nov 05
Third quarter 2024 earnings released: EPS: ₦4.77 (vs ₦3.51 in 3Q 2023) Nov 01
Upcoming dividend of ₦3.50 per share Oct 14 Conoil Plc, Annual General Meeting, Nov 15, 2024 Oct 10
New minor risk - Profit margin trend Aug 01
Investor sentiment improves as stock rises 30% Jul 09
First quarter 2024 earnings released: EPS: ₦6.26 (vs ₦4.34 in 1Q 2023) Jul 05
Investor sentiment improves as stock rises 19% May 02
Full year 2023 earnings released: EPS: ₦13.87 (vs ₦7.14 in FY 2022) Feb 01
Investor sentiment improves as stock rises 22% Jan 08
Third quarter 2023 earnings released: EPS: ₦3.51 (vs ₦1.62 in 3Q 2022) Nov 01
New major risk - Earnings quality Aug 04
Second quarter 2023 earnings released: EPS: ₦4.68 (vs ₦1.81 in 2Q 2022) Aug 01
Investor sentiment improves as stock rises 25% Jul 07
Upcoming dividend of ₦2.50 per share at 2.9% yield Jun 23
Investor sentiment improves as stock rises 20% Jun 21
Investor sentiment improves as stock rises 20% Jun 01
First quarter 2023 earnings released May 30
Now 21% undervalued May 25
Investor sentiment deteriorates as stock falls 19% Mar 12
Now 22% undervalued Mar 09
Investor sentiment improves as stock rises 21% Feb 25
Investor sentiment improves as stock rises 21% Feb 10
Full year 2022 earnings released: EPS: ₦8.97 (vs ₦4.44 in FY 2021) Feb 02
No independent directors Nov 16
Third quarter 2022 earnings released: EPS: ₦1.62 (vs ₦0.77 in 3Q 2021) Nov 02
Second quarter 2022 earnings released: EPS: ₦1.81 (vs ₦0.92 in 2Q 2021) Jul 30
Investor sentiment improved over the past week May 26
Upcoming dividend of ₦2.50 per share May 24
Investor sentiment improved over the past week May 09
First quarter 2022 earnings released: EPS: ₦0.80 (vs ₦0.61 in 1Q 2021) May 01
Price target increased to ₦26.50 Apr 27
No independent directors Apr 27
Full year 2021 earnings released: EPS: ₦4.44 (vs ₦2.08 in FY 2020) Apr 10
Investor sentiment improved over the past week Apr 08
Investor sentiment improved over the past week Feb 07
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Feb 01
Investor sentiment improved over the past week Aug 10
Second quarter 2021 earnings released: EPS ₦0.92 (vs ₦0.11 in 2Q 2020) Aug 04
Upcoming dividend of ₦1.50 per share Jun 29
First quarter 2021 earnings released: EPS ₦0.61 (vs ₦0.38 in 1Q 2020) Jun 04
New 90-day low: ₦18.90 Feb 15
Full year 2020 earnings released: EPS ₦2.19 (vs ₦2.84 in FY 2019) Feb 02
New 90-day high: ₦21.00 Jan 11
Market bids up stock over the past week Nov 18
New 90-day high: ₦19.50 Nov 12
Third quarter 2020 earnings released: EPS ₦1.11 Nov 07
Market bids up stock over the past week Oct 28
New 90-day high: ₦17.35 Oct 27
New 90-day low: ₦15.00 Oct 05
New 90-day low - ₦15.20 Sep 01
Earnings released Aug 07
New 90-day low - ₦15.25 Aug 06
Financial Position Analysis
Short Term Liabilities: CONOIL's short term assets (NGN91.8B) exceed its short term liabilities (NGN51.3B).
Long Term Liabilities: CONOIL's short term assets (NGN91.8B) exceed its long term liabilities (NGN761.8M).
Debt to Equity History and Analysis
Debt Level: CONOIL's net debt to equity ratio (1.8%) is considered satisfactory .
Reducing Debt: CONOIL's debt to equity ratio has reduced from 64.2% to 27.6% over the past 5 years.
Debt Coverage: CONOIL's debt is well covered by operating cash flow (188.9%).
Interest Coverage: CONOIL's interest payments on its debt are well covered by EBIT (5.8x coverage).
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