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FTNC

FTN Cocoa ProcessorsNGSE:FTNCOCOA Stock Report

Market Cap

₦1.0b

7D

-6.0%

1Y

80.8%

Updated

19 Oct, 2021

Data

Company Financials
FTNCOCOA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

FTNCOCOA Overview

FTN Cocoa Processors Plc processes cocoa beans and palm kernel seeds.

Price History & Performance

Summary of all time highs, changes and price drops for FTN Cocoa Processors
Historical stock prices
Current Share Price₦0.47
52 Week High₦0.23
52 Week Low₦0.97
Beta0.68
1 Month Change-4.08%
3 Month Change23.68%
1 Year Change80.77%
3 Year Change135.00%
5 Year Change-6.00%
Change since IPO-76.26%

Recent News & Updates

Shareholder Returns

FTNCOCOANG FoodNG Market
7D-6.0%-2.1%1.1%
1Y80.8%26.3%38.9%

Return vs Industry: FTNCOCOA exceeded the NG Food industry which returned 26.3% over the past year.

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

Price Volatility

Is FTNCOCOA's price volatile compared to industry and market?
FTNCOCOA volatility
FTNCOCOA Beta0.68
Industry Beta0.84
Market Beta1

Stable Share Price: FTNCOCOA is more volatile than 90% of NG stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: FTNCOCOA's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of NG stocks.

About the Company

FoundedEmployeesCEOWebsite
199173Abiola Aderonmuhttps://www.ftncocoa.com.ng

FTN Cocoa Processors Plc processes cocoa beans and palm kernel seeds. The company offers cocoa cakes, cocoa liquor, cocoa butter, cocoa powder, palm kernel oil, and palm kernel cakes. It also exports its products, as well as markets cocoa powder, palm kernel oil, and palm kernel cake products to manufacturing companies.

FTN Cocoa Processors Fundamentals Summary

How do FTN Cocoa Processors's earnings and revenue compare to its market cap?
FTNCOCOA fundamental statistics
Market Cap₦1.03b
Earnings (TTM)-₦1.34b
Revenue (TTM)₦144.95m

7.1x

P/S Ratio

-0.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FTNCOCOA income statement (TTM)
Revenue₦144.95m
Cost of Revenue₦432.11m
Gross Profit-₦287.16m
Expenses₦1.06b
Earnings-₦1.34b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.61
Gross Margin-198.11%
Net Profit Margin-927.16%
Debt/Equity Ratio17,733.5%

How did FTNCOCOA perform over the long term?

See historical performance and comparison

Valuation

Is FTN Cocoa Processors undervalued compared to its fair value and its price relative to the market?

27.68x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FTNCOCOA's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FTNCOCOA's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FTNCOCOA is unprofitable, so we can't compare its PE Ratio to the NG Food industry average.

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


Price to Book Ratio

PB vs Industry: FTNCOCOA is overvalued based on its PB Ratio (27.7x) compared to the NG Food industry average (1.3x).


Future Growth

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

10.8%

Forecasted Food, Beverage & Tobacco 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 FTN Cocoa Processors 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 FTN Cocoa Processors performed over the past 5 years?

-9.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FTNCOCOA is currently unprofitable.

Growing Profit Margin: FTNCOCOA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FTNCOCOA is unprofitable, and losses have increased over the past 5 years at a rate of 9.3% per year.

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

Earnings vs Industry: FTNCOCOA is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (34.1%).


Return on Equity

High ROE: FTNCOCOA has a negative Return on Equity (-3596.38%), as it is currently unprofitable.


Financial Health

How is FTN Cocoa Processors's financial position?


Financial Position Analysis

Short Term Liabilities: FTNCOCOA's short term assets (NGN464.3M) do not cover its short term liabilities (NGN865.8M).

Long Term Liabilities: FTNCOCOA's short term assets (NGN464.3M) do not cover its long term liabilities (NGN6.6B).


Debt to Equity History and Analysis

Debt Level: FTNCOCOA's debt to equity ratio (17733.5%) is considered high.

Reducing Debt: FTNCOCOA's debt to equity ratio has increased from 280.9% to 17733.5% over the past 5 years.


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: FTNCOCOA has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FTNCOCOA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 19.9% each year


Dividend

What is FTN Cocoa Processors's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


CEO

Abiola Aderonmu

no data

Tenure

Mr. Abiola A. Aderonmu, Esq. serves as the Chief Executive Officer and Managing Director of FTN Cocoa Processors Plc. Mr. Aderonmu serves as Managing Director at Smart Products Nigeria Plc. He worked at Pr...


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

FTN Cocoa Processors Plc's employee growth, exchange listings and data sources


Key Information

  • Name: FTN Cocoa Processors Plc
  • Ticker: FTNCOCOA
  • Exchange: NGSE
  • Founded: 1991
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ₦1.034b
  • Shares outstanding: 2.20b
  • Website: https://www.ftncocoa.com.ng

Number of Employees


Location

  • FTN Cocoa Processors Plc
  • Plot 5, Basheer Shittu Avenue
  • Block 77
  • 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
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.