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ETER

EternaNGSE:ETERNA Stock Report

Market Cap

₦10.0b

7D

0%

1Y

65.2%

Updated

19 Oct, 2021

Data

Company Financials
ETERNA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

ETERNA Overview

Eterna Plc, an integrated energy company, manufactures and sells lubricating oils and petrochemicals in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Eterna
Historical stock prices
Current Share Price₦7.70
52 Week High₦4.10
52 Week Low₦8.25
Beta0.26
1 Month Change18.10%
3 Month Change7.69%
1 Year Change65.24%
3 Year Change24.19%
5 Year Changen/a
Change since IPO1,521.05%

Recent News & Updates

Shareholder Returns

ETERNANG Oil and GasNG Market
7D0%0.7%0.6%
1Y65.2%71.3%38.8%

Return vs Industry: ETERNA underperformed the NG Oil and Gas industry which returned 71.7% over the past year.

Return vs Market: ETERNA exceeded the NG Market which returned 38.9% over the past year.

Price Volatility

Is ETERNA's price volatile compared to industry and market?
ETERNA volatility
ETERNA Beta0.26
Industry Beta0.54
Market Beta1

Stable Share Price: ETERNA is more volatile than 75% of NG stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ETERNA's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of NG stocks.

About the Company

FoundedEmployeesCEOWebsite
198981Nnamdi Obiagwuhttps://www.eternaplc.com

Eterna Plc, an integrated energy company, manufactures and sells lubricating oils and petrochemicals in Nigeria. It operates through Retail and Industrial, Lubricants and Chemicals, and Trading segments. The Retail and Industrial segment sells and distributes petroleum products, such as white products and lubricants in retail outlets and small units, as well as directly to industrial customers.

Eterna Fundamentals Summary

How do Eterna's earnings and revenue compare to its market cap?
ETERNA fundamental statistics
Market Cap₦10.04b
Earnings (TTM)-₦100.88m
Revenue (TTM)₦62.00b

0.2x

P/S Ratio

-99.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ETERNA income statement (TTM)
Revenue₦62.00b
Cost of Revenue₦57.20b
Gross Profit₦4.80b
Expenses₦4.90b
Earnings-₦100.88m

Last Reported Earnings

Sep 30, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-0.077
Gross Margin7.74%
Net Profit Margin-0.16%
Debt/Equity Ratio93.6%

How did ETERNA perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

n/a

Payout Ratio

Valuation

Is Eterna undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ETERNA (NGN7.7) is trading below our estimate of fair value (NGN86.14)

Significantly Below Fair Value: ETERNA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ETERNA is unprofitable, so we can't compare its PE Ratio to the African Oil and Gas industry average.

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


Price to Book Ratio

PB vs Industry: ETERNA's PB Ratio (0.8x) is in line with the NG Oil and Gas industry average.


Future Growth

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

-0.1%

Forecasted Energy 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 Eterna 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 Eterna performed over the past 5 years?

-470.9%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ETERNA is currently unprofitable.

Growing Profit Margin: ETERNA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ETERNA's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: ETERNA is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (50.7%).


Return on Equity

High ROE: ETERNA has a negative Return on Equity (-0.8%), as it is currently unprofitable.


Financial Health

How is Eterna's financial position?


Financial Position Analysis

Short Term Liabilities: ETERNA's short term assets (NGN18.8B) exceed its short term liabilities (NGN18.6B).

Long Term Liabilities: ETERNA's short term assets (NGN18.8B) exceed its long term liabilities (NGN1.7B).


Debt to Equity History and Analysis

Debt Level: ETERNA's debt to equity ratio (93.6%) is considered high.

Reducing Debt: ETERNA's debt to equity ratio has increased from 19.4% to 93.6% over the past 5 years.

Debt Coverage: ETERNA's debt is well covered by operating cash flow (40.7%).

Interest Coverage: ETERNA's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Dividend

What is Eterna current dividend yield, its reliability and sustainability?

1.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ETERNA's dividend (1.3%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (3.25%).

High Dividend: ETERNA's dividend (1.3%) is low compared to the top 25% of dividend payers in the NG market (7.24%).


Stability and Growth of Payments

Stable Dividend: ETERNA is not paying a notable dividend for the NG market, therefore no need to check if payments are stable.

Growing Dividend: ETERNA is not paying a notable dividend for the NG market, therefore no need to check if payments are 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 ETERNA'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?

1.0yrs

Average management tenure


CEO

Nnamdi Obiagwu

1.08yrs

Tenure

Mr. Nnamdi Obiagwu is the Executive Director at Eterna Plc since January 2020 and served as its General Manager of Lubes since 2017 until January 2020. He is the Managing Director and Chief Executive Offic...


Leadership Team

Experienced Management: ETERNA's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: ETERNA's board of directors are considered experienced (5 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

Eterna Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Eterna Plc
  • Ticker: ETERNA
  • Exchange: NGSE
  • Founded: 1989
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: ₦10.042b
  • Shares outstanding: 1.30b
  • Website: https://www.eternaplc.com

Number of Employees


Location

  • Eterna Plc
  • 5a Oba Adeyinka Oyekan Avenue
  • Ikoyi
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 15:21
End of Day Share Price2021/10/18 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.