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DANG

Dangote Sugar RefineryNGSE:DANGSUGAR Stock Report

Market Cap

₦218.6b

7D

2.3%

1Y

31.4%

Updated

25 Oct, 2021

Data

Company Financials +
DANGSUGAR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends5/6

DANGSUGAR Overview

Dangote Sugar Refinery Plc manufactures and sells refined sugar to consumers and industrial markets in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Dangote Sugar Refinery
Historical stock prices
Current Share Price₦18.00
52 Week High₦13.50
52 Week Low₦23.45
Beta1.02
1 Month Change4.65%
3 Month Change-1.37%
1 Year Change31.39%
3 Year Change23.29%
5 Year Change190.32%
Change since IPO8.87%

Recent News & Updates

Shareholder Returns

DANGSUGARNG FoodNG Market
7D2.3%0.07%1.5%
1Y31.4%25.6%40.2%

Return vs Industry: DANGSUGAR exceeded the NG Food industry which returned 25.5% over the past year.

Return vs Market: DANGSUGAR underperformed the NG Market which returned 40.9% over the past year.

Price Volatility

Is DANGSUGAR's price volatile compared to industry and market?
DANGSUGAR volatility
DANGSUGAR Beta1.02
Industry Beta0.84
Market Beta1

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

Volatility Over Time: DANGSUGAR's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19992,821Ravindra Singhvihttps://dangotesugar.com.ng

Dangote Sugar Refinery Plc manufactures and sells refined sugar to consumers and industrial markets in Nigeria. It offers vitamin A fortified sugar to distributors; and non-fortified white sugar to pharmaceuticals, and food and beverage manufacturing companies. The company also serves retail customers directly.

Dangote Sugar Refinery Fundamentals Summary

How do Dangote Sugar Refinery's earnings and revenue compare to its market cap?
DANGSUGAR fundamental statistics
Market Cap₦218.64b
Earnings (TTM)₦30.79b
Revenue (TTM)₦243.02b

7.1x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DANGSUGAR income statement (TTM)
Revenue₦243.02b
Cost of Revenue₦180.47b
Gross Profit₦62.55b
Expenses₦31.76b
Earnings₦30.79b

Dividends

8.3%

Current Dividend Yield

60%

Payout Ratio

Valuation

Is Dangote Sugar Refinery undervalued compared to its fair value and its price relative to the market?

25.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DANGSUGAR (NGN18) is trading below our estimate of fair value (NGN24.05)

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


Price To Earnings Ratio

PE vs Industry: DANGSUGAR is good value based on its PE Ratio (7.1x) compared to the NG Food industry average (11.3x).

PE vs Market: DANGSUGAR is good value based on its PE Ratio (7.1x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

PEG Ratio: DANGSUGAR is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: DANGSUGAR is overvalued based on its PB Ratio (1.8x) compared to the NG Food industry average (1.2x).


Future Growth

How is Dangote Sugar Refinery forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DANGSUGAR's forecast earnings growth (10.8% per year) is below the savings rate (13.2%).

Earnings vs Market: DANGSUGAR's earnings (10.8% per year) are forecast to grow slower than the NG market (15.4% per year).

High Growth Earnings: DANGSUGAR's earnings are forecast to grow, but not significantly.

Revenue vs Market: DANGSUGAR's revenue (8.6% per year) is forecast to grow slower than the NG market (10.4% per year).

High Growth Revenue: DANGSUGAR's revenue (8.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DANGSUGAR's Return on Equity is forecast to be high in 3 years time (21.3%)


Past Performance

How has Dangote Sugar Refinery performed over the past 5 years?

8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DANGSUGAR has a high level of non-cash earnings.

Growing Profit Margin: DANGSUGAR's current net profit margins (12.7%) are higher than last year (12.5%).


Past Earnings Growth Analysis

Earnings Trend: DANGSUGAR's earnings have grown by 8.1% per year over the past 5 years.

Accelerating Growth: DANGSUGAR's earnings growth over the past year (34.1%) exceeds its 5-year average (8.1% per year).

Earnings vs Industry: DANGSUGAR earnings growth over the past year (34.1%) underperformed the Food industry 34.1%.


Return on Equity

High ROE: DANGSUGAR's Return on Equity (25.9%) is considered high.


Financial Health

How is Dangote Sugar Refinery's financial position?


Financial Position Analysis

Short Term Liabilities: DANGSUGAR's short term assets (NGN167.6B) exceed its short term liabilities (NGN154.3B).

Long Term Liabilities: DANGSUGAR's short term assets (NGN167.6B) exceed its long term liabilities (NGN10.5B).


Debt to Equity History and Analysis

Debt Level: DANGSUGAR's debt to equity ratio (0.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if DANGSUGAR's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: DANGSUGAR's debt is well covered by operating cash flow (5380.4%).

Interest Coverage: DANGSUGAR's interest payments on its debt are well covered by EBIT (40.4x coverage).


Balance Sheet


Dividend

What is Dangote Sugar Refinery current dividend yield, its reliability and sustainability?

8.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DANGSUGAR's dividend (8.33%) is higher than the bottom 25% of dividend payers in the NG market (3.33%).

High Dividend: DANGSUGAR's dividend (8.33%) is in the top 25% of dividend payers in the NG market (7.34%)


Stability and Growth of Payments

Stable Dividend: DANGSUGAR's dividend payments have been volatile in the past 10 years.

Growing Dividend: DANGSUGAR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (59.5%), DANGSUGAR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DANGSUGAR's dividends in 3 years are forecast to be covered by earnings (85.2% payout ratio).


Next Steps

Management

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

15.3yrs

Average board tenure


CEO

Ravindra Singhvi (64 yo)

no data

Tenure

Mr. Ravindra Singh Singhvi, B.Com (Hons.), CA, CS, LLB has been Non-Executive Independent Director of Shradha Infraprojects Limited since March 25, 2017. Mr. Singhvi serves as Group Managing Director, Dire...


Board Members

Experienced Board: DANGSUGAR's board of directors are seasoned and experienced ( 15.3 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

Dangote Sugar Refinery Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Dangote Sugar Refinery Plc
  • Ticker: DANGSUGAR
  • Exchange: NGSE
  • Founded: 1999
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ₦218.644b
  • Shares outstanding: 12.15b
  • Website: https://dangotesugar.com.ng

Number of Employees


Location

  • Dangote Sugar Refinery Plc
  • GDNL Administrative Building
  • 3rd Floor
  • 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 16:50
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
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.