UAC of Nigeria Management

Management criteria checks 2/4

UAC of Nigeria's CEO is Fola Aiyesimoju, appointed in Apr 2019, has a tenure of 5.75 years. directly owns 1.61% of the company’s shares, worth NGN1.55B. The average tenure of the management team and the board of directors is 4.9 years and 5.2 years respectively.

Key information

Fola Aiyesimoju

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	5.8yrs
CEO ownership	1.6%
Management average tenure	4.9yrs
Board average tenure	5.2yrs

Recent management updates

Recent updates

CEO

Fola Aiyesimoju (44 yo)

5.8yrs

Tenure

Mr. Folasope Babasola Aiyesimoju, also known as Fola, serves as Non-Executive Director at UPDC Plc (formerly, UACN Property Development Company Plc). He serves as Non-Executive Director at UAC of Nigeria P...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Folasope Aiyesimoju	Group MD & Director	5.8yrs	no data	1.61% NGN 1.5b
Babafunke Ijaiya-Oladipo	Group Finance Director & Executive Director	4.1yrs	no data	0.0086% NGN 8.2m
Adebolanle Badejo	Group Investment Director & Executive Director	no data	no data	no data
Ayomipo Wey	Group General Counsel & Company Secretary	3yrs	no data	no data
Alexander Goma	Managing Director of Grand Cereal	no data	no data	no data
Gboye Adedeji	Managing Director of Livestock Feeds PLC	no data	no data	no data
Abosede Ogundiyun	Head of Talent Strategy	no data	no data	no data
Oladele Ajayi	Managing Director of UAC Foods Limited	6.5yrs	no data	no data

4.9yrs

Average Tenure

Experienced Management: UACN's management team is considered experienced (4.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Folasope Aiyesimoju	Group MD & Director	6.8yrs	no data	1.61% NGN 1.5b
Babafunke Ijaiya-Oladipo	Group Finance Director & Executive Director	3.5yrs	no data	0.0086% NGN 8.2m
Adebolanle Badejo	Group Investment Director & Executive Director	1.5yrs	no data	no data
Bolaji Odunsi	Independent Non-Executive Director	6.3yrs	no data	no data
Suzanne Iroche	Independent Non-Executive Director	5.4yrs	no data	no data
Daniel Agbor	Non-Executive Chairman	9.2yrs	no data	1.2% NGN 1.2b
Karl Toriola	Independent Non-Executive Director	5yrs	no data	no data
Khalifa Biobaku	Non-Executive Director	2.8yrs	no data	no data

5.2yrs

Average Tenure

60yo

Average Age

Experienced Board: UACN's board of directors are considered experienced (5.2 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 23:58
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

UAC of Nigeria PLC is covered by 9 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ARM Research
Hootan Yazhari	BofA Global Research
Olufisayo Ademilua	CardinalStone Partners Limited

UAC of Nigeria Management

Management criteria checks 2/4

Key information

Recent management updates

UAC of Nigeria PLC, Annual General Meeting, Jun 20, 2024

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Investor sentiment improves as stock rises 17%

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

New major risk - Earnings quality

Third quarter 2024 earnings released: EPS: ₦1.21 (vs ₦1.93 in 3Q 2023)

UAC of Nigeria PLC to Report Q3, 2024 Results on Oct 29, 2024

Investor sentiment improves as stock rises 20%

Second quarter 2024 earnings released: EPS: ₦1.19 (vs ₦0.82 in 2Q 2023)

Upcoming dividend of ₦0.22 per share

First quarter 2024 earnings released: EPS: ₦1.85 (vs ₦0.29 loss in 1Q 2023)

Investor sentiment deteriorates as stock falls 15%

UAC of Nigeria PLC, Annual General Meeting, Jun 20, 2024

Dividend of ₦0.22 announced

Investor sentiment deteriorates as stock falls 18%

Full year 2023 earnings released: EPS: ₦2.76 (vs ₦1.07 loss in FY 2022)

New major risk - Earnings quality

Investor sentiment deteriorates as stock falls 15%

New minor risk - Share price stability

Investor sentiment improves as stock rises 27%

Third quarter 2023 earnings released: EPS: ₦1.93 (vs ₦0.29 loss in 3Q 2022)

Second quarter 2023 earnings released: EPS: ₦0.82 (vs ₦0.35 loss in 2Q 2022)

Upcoming dividend of ₦0.22 per share at 2.3% yield

First quarter 2023 earnings released: ₦0.29 loss per share (vs ₦0.18 profit in 1Q 2022)

Full year 2022 earnings released: ₦1.20 loss per share (vs ₦0.63 profit in FY 2021)

Price target decreased to ₦10.59

Less than half of directors are independent

Third quarter 2022 earnings released: ₦0.29 loss per share (vs ₦0.09 loss in 3Q 2021)

Price target decreased to ₦10.59

Second quarter 2022 earnings released: ₦0.35 loss per share (vs ₦0.059 loss in 2Q 2021)

Upcoming dividend of ₦0.65 per share

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: ₦0.18 (vs ₦0.12 in 1Q 2021)

Less than half of directors are independent

Full year 2021 earnings released: EPS: ₦0.63 (vs ₦0.74 in FY 2020)

Investor sentiment improved over the past week

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Third quarter 2021 earnings released: ₦0.085 loss per share (vs ₦0.33 profit in 3Q 2020)

UAC of Nigeria PLC (NGSE:UACN) agreed to acquire remaining 49% stake in UAC Foods Limited from Tiger Brands Limited (JSE:TBS).

Second quarter 2021 earnings released: ₦0.059 loss per share (vs ₦0.48 loss in 2Q 2020)

Upcoming dividend of ₦1.20 per share

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS ₦0.76 (vs ₦3.23 in FY 2019)

Investor sentiment improved over the past week

New 90-day high: ₦8.95

Revenue and earnings beat expectations

Full year 2020 earnings released: EPS ₦0.90 (vs ₦3.23 in FY 2019)

Third quarter earnings released

New 90-day high: ₦7.25

Analysts update estimates

New 90-day low - ₦5.50

New 90-day low - ₦6.20

Custodian Investment Plc (NGSE:CUSTODIAN) sign a binding agreement to acquire 51% stake in UACN Property Development Company Plc (NGSE:UAC-PROP) from UAC of Nigeria Plc (NGSE:UACN)

Imperial Logistics Limited (JSE:IPL) completed the acquisition of an additional 8% stake in MDS Logistics Limited from UAC of Nigeria PLC (NGSE:UACN).

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources