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NASC

Nascon Allied IndustriesNGSE:NASCON Stock Report

Market Cap

₦38.8b

7D

-5.5%

1Y

11.8%

Updated

25 Oct, 2021

Data

Company Financials +
NASCON fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends2/6

NASCON Overview

NASCON Allied Industries Plc engages in the processing and selling of refined, edible, and grade salt in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Nascon Allied Industries
Historical stock prices
Current Share Price₦14.65
52 Week High₦13.00
52 Week Low₦17.60
Beta0.80
1 Month Change-1.01%
3 Month Change-2.33%
1 Year Change11.83%
3 Year Change-20.81%
5 Year Change83.13%
Change since IPO1,658.00%

Recent News & Updates

Shareholder Returns

NASCONNG FoodNG Market
7D-5.5%0.07%1.5%
1Y11.8%25.6%40.2%

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

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

Price Volatility

Is NASCON's price volatile compared to industry and market?
NASCON volatility
NASCON Beta0.80
Industry Beta0.84
Market Beta1

Stable Share Price: NASCON is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NASCON's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1973595Paul Farrerhttps://www.nasconplc.com

NASCON Allied Industries Plc engages in the processing and selling of refined, edible, and grade salt in Nigeria. It also produces vegetable oils, tomato paste, and seasonings; and provides freight services. The company sells its products under the Dangote and Dan-Q brand names.

Nascon Allied Industries Fundamentals Summary

How do Nascon Allied Industries's earnings and revenue compare to its market cap?
NASCON fundamental statistics
Market Cap₦38.81b
Earnings (TTM)₦2.11b
Revenue (TTM)₦28.33b

18.4x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NASCON income statement (TTM)
Revenue₦28.33b
Cost of Revenue₦18.69b
Gross Profit₦9.64b
Expenses₦7.53b
Earnings₦2.11b

Last Reported Earnings

Sep 30, 2020

Next Earnings Date

n/a

Earnings per share (EPS)0.80
Gross Margin34.03%
Net Profit Margin7.46%
Debt/Equity Ratio8.4%

How did NASCON perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

50%

Payout Ratio

Valuation

Is Nascon Allied Industries undervalued compared to its fair value and its price relative to the market?

43.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NASCON (NGN14.65) is trading below our estimate of fair value (NGN25.92)

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


Price To Earnings Ratio

PE vs Industry: NASCON is poor value based on its PE Ratio (18.4x) compared to the NG Food industry average (11.3x).

PE vs Market: NASCON is poor value based on its PE Ratio (18.4x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NASCON is overvalued based on its PB Ratio (3.2x) compared to the NG Food industry average (1.2x).


Future Growth

How is Nascon Allied Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

26.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NASCON's forecast earnings growth (26.6% per year) is above the savings rate (13.2%).

Earnings vs Market: NASCON's earnings (26.6% per year) are forecast to grow faster than the NG market (15.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NASCON's revenue (6.1% per year) is forecast to grow slower than the NG market (10.4% per year).

High Growth Revenue: NASCON's revenue (6.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NASCON's Return on Equity is forecast to be high in 3 years time (27.6%)


Past Performance

How has Nascon Allied Industries performed over the past 5 years?

-20.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: NASCON has high quality earnings.

Growing Profit Margin: NASCON's current net profit margins (7.5%) are lower than last year (9.4%).


Past Earnings Growth Analysis

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

Accelerating Growth: NASCON's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NASCON had negative earnings growth (-20%) over the past year, making it difficult to compare to the Food industry average (34.1%).


Return on Equity

High ROE: NASCON's Return on Equity (17.2%) is considered low.


Financial Health

How is Nascon Allied Industries's financial position?


Financial Position Analysis

Short Term Liabilities: NASCON's short term assets (NGN24.3B) do not cover its short term liabilities (NGN26.0B).

Long Term Liabilities: NASCON's short term assets (NGN24.3B) exceed its long term liabilities (NGN6.0B).


Debt to Equity History and Analysis

Debt Level: NASCON's debt to equity ratio (8.4%) is considered satisfactory.

Reducing Debt: NASCON's debt to equity ratio has increased from 0.7% to 8.4% over the past 5 years.

Debt Coverage: NASCON's debt is well covered by operating cash flow (1196%).

Interest Coverage: NASCON's interest payments on its debt are well covered by EBIT (14.8x coverage).


Balance Sheet


Dividend

What is Nascon Allied Industries's current dividend yield, its reliability and sustainability?

2.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NASCON's dividend (2.73%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (3.33%).

High Dividend: NASCON's dividend (2.73%) is low compared to the top 25% of dividend payers in the NG market (7.34%).


Stability and Growth of Payments

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

Growing Dividend: NASCON's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.1%), NASCON's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NASCON's dividends in 3 years are forecast to be covered by earnings (59.9% payout ratio).


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Paul Farrer

6.75yrs

Tenure

Mr. Paul Farrer has been the Managing Director at Nascon Allied Industries Plc since 2015. Mr. Farrer serves as Chief Operating Officer of Mass Market Products Division at Food Concept and Entertainment Pl...


Leadership Team

Experienced Management: NASCON's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: NASCON's board of directors are considered experienced (5.8 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

Nascon Allied Industries Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Nascon Allied Industries Plc
  • Ticker: NASCON
  • Exchange: NGSE
  • Founded: 1973
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ₦38.814b
  • Shares outstanding: 2.65b
  • Website: https://www.nasconplc.com

Number of Employees


Location

  • Nascon Allied Industries Plc
  • 15b, Ikosi Road
  • Oregun Industrial Estate
  • Ikeja
  • 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 21:39
End of Day Share Price2021/10/25 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.