| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
NASCON Overview
NASCON Allied Industries Plc engages in the processing and selling of refined, edible, and grade salt in Nigeria.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦14.65 |
| 52 Week High | ₦13.00 |
| 52 Week Low | ₦17.60 |
| Beta | 0.80 |
| 1 Month Change | -1.01% |
| 3 Month Change | -2.33% |
| 1 Year Change | 11.83% |
| 3 Year Change | -20.81% |
| 5 Year Change | 83.13% |
| Change since IPO | 1,658.00% |
Recent News & Updates
Shareholder Returns
| NASCON | NG Food | NG Market | |
|---|---|---|---|
| 7D | -5.5% | 0.07% | 1.5% |
| 1Y | 11.8% | 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
| NASCON volatility | |
|---|---|
| NASCON Beta | 0.80 |
| Industry Beta | 0.84 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1973 | 595 | Paul Farrer | https://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
| NASCON fundamental statistics | |
|---|---|
| Market Cap | ₦38.81b |
| Earnings (TTM) | ₦2.11b |
| Revenue (TTM) | ₦28.33b |
18.4x
P/E Ratio1.4x
P/S RatioIs NASCON overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 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 Margin | 34.03% |
| Net Profit Margin | 7.46% |
| Debt/Equity Ratio | 8.4% |
How did NASCON perform over the long term?
See historical performance and comparisonDividends
2.7%
Current Dividend Yield50%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 21:39 |
| End of Day Share Price | 2021/10/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.