company background image
MCNI

McNicholsNGSE:MCNICHOLS Stock Report

Market Cap

₦251.6m

7D

0%

1Y

63.8%

Updated

21 Oct, 2021

Data

Company Financials
MCNICHOLS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends2/6

MCNICHOLS Overview

McNichols PLC manufactures and sells food and beverage products.

Price History & Performance

Summary of all time highs, changes and price drops for McNichols
Historical stock prices
Current Share Price₦0.77
52 Week High₦0.51
52 Week Low₦0.80
Beta0.18
1 Month Change0%
3 Month Change0%
1 Year Change63.83%
3 Year Change87.81%
5 Year Change-40.31%
Change since IPO-8.66%

Recent News & Updates

Shareholder Returns

MCNICHOLSNG FoodNG Market
7D0%-2.6%1.4%
1Y63.8%26.0%41.3%

Return vs Industry: MCNICHOLS exceeded the NG Food industry which returned 26.2% over the past year.

Return vs Market: MCNICHOLS exceeded the NG Market which returned 40.4% over the past year.

Price Volatility

Is MCNICHOLS's price volatile compared to industry and market?
MCNICHOLS volatility
MCNICHOLS Beta0.18
Industry Beta0.84
Market Beta1

Stable Share Price: MCNICHOLS is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: MCNICHOLS's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200471Chimaraoke Ekpehttps://mcnicholsplc.com

McNichols PLC manufactures and sells food and beverage products. It operates through Food Products and Beverages segments. The Food Products segment produces and sells custard products, farm products, and pancake house foods.

McNichols Fundamentals Summary

How do McNichols's earnings and revenue compare to its market cap?
MCNICHOLS fundamental statistics
Market Cap₦251.56m
Earnings (TTM)₦18.84m
Revenue (TTM)₦776.18m

13.4x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCNICHOLS income statement (TTM)
Revenue₦776.18m
Cost of Revenue₦645.31m
Gross Profit₦130.87m
Expenses₦112.03m
Earnings₦18.84m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.058
Gross Margin16.86%
Net Profit Margin2.43%
Debt/Equity Ratio45.0%

How did MCNICHOLS perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

52%

Payout Ratio

Valuation

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

13.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MCNICHOLS (NGN0.77) is trading above our estimate of fair value (NGN0.42)

Significantly Below Fair Value: MCNICHOLS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MCNICHOLS is poor value based on its PE Ratio (13.4x) compared to the NG Food industry average (11.3x).

PE vs Market: MCNICHOLS is poor value based on its PE Ratio (13.4x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MCNICHOLS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MCNICHOLS is good value based on its PB Ratio (0.7x) compared to the NG Food industry average (1.2x).


Future Growth

How is McNichols 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 McNichols 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 McNichols performed over the past 5 years?

-33.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCNICHOLS has high quality earnings.

Growing Profit Margin: MCNICHOLS's current net profit margins (2.4%) are lower than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: MCNICHOLS's earnings have declined by 33.9% per year over the past 5 years.

Accelerating Growth: MCNICHOLS's earnings growth over the past year (16.2%) exceeds its 5-year average (-33.9% per year).

Earnings vs Industry: MCNICHOLS earnings growth over the past year (16.2%) underperformed the Food industry 34.1%.


Return on Equity

High ROE: MCNICHOLS's Return on Equity (5.1%) is considered low.


Financial Health

How is McNichols's financial position?


Financial Position Analysis

Short Term Liabilities: MCNICHOLS's short term assets (NGN335.2M) exceed its short term liabilities (NGN78.2M).

Long Term Liabilities: MCNICHOLS's short term assets (NGN335.2M) exceed its long term liabilities (NGN237.1M).


Debt to Equity History and Analysis

Debt Level: MCNICHOLS's debt to equity ratio (45%) is considered high.

Reducing Debt: MCNICHOLS's debt to equity ratio has increased from 4.6% to 45% over the past 5 years.

Debt Coverage: MCNICHOLS's debt is well covered by operating cash flow (40.3%).

Interest Coverage: MCNICHOLS's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

What is McNichols's current dividend yield, its reliability and sustainability?

3.90%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MCNICHOLS's dividend (3.9%) is higher than the bottom 25% of dividend payers in the NG market (3.28%).

High Dividend: MCNICHOLS's dividend (3.9%) is low compared to the top 25% of dividend payers in the NG market (7.27%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MCNICHOLS has been paying a dividend for less than 10 years.

Growing Dividend: MCNICHOLS has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.1%), MCNICHOLS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Chimaraoke Ekpe

no data

Tenure

Mr. Chimaraoke Ekpe serves as the Chief Executive Officer and Managing Director of McNichols PLC and serves as its Director. Mr. Ekpe has extensive experience in management consultancy, including extensive...


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

McNichols PLC's employee growth, exchange listings and data sources


Key Information

  • Name: McNichols PLC
  • Ticker: MCNICHOLS
  • Exchange: NGSE
  • Founded: 2004
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ₦251.559m
  • Shares outstanding: 326.70m
  • Website: https://mcnicholsplc.com

Number of Employees


Location

  • McNichols PLC
  • No 7 Jeminat Laalu Street
  • Near Journalist Estate.KM 32
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 21:03
End of Day Share Price2021/10/21 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.