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MORI

Morison IndustriesNGSE:MORISON Stock Report

Market Cap

₦1.9b

7D

0%

1Y

215.0%

Updated

21 Oct, 2021

Data

Company Financials
MORISON fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

MORISON Overview

Morison Industries Plc produces and markets pharmaceuticals and various disinfectants hygiene products.

Price History & Performance

Summary of all time highs, changes and price drops for Morison Industries
Historical stock prices
Current Share Price₦1.89
52 Week High₦0.49
52 Week Low₦2.10
Beta-0.52
1 Month Change-10.00%
3 Month Change35.00%
1 Year Change215.00%
3 Year Change243.64%
5 Year Change14.55%
Change since IPO5.35%

Recent News & Updates

Shareholder Returns

MORISONNG Household ProductsNG Market
7D0%-0.04%1.4%
1Y215.0%-5.8%41.3%

Return vs Industry: MORISON exceeded the NG Household Products industry which returned -5.9% over the past year.

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

Price Volatility

Is MORISON's price volatile compared to industry and market?
MORISON volatility
MORISON Beta-0.52
Industry Beta0.46
Market Beta1

Stable Share Price: MORISON is more volatile than 75% of NG stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MORISON's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of NG stocks.

About the Company

FoundedEmployeesCEOWebsite
195533Oputa Nwabuezehttps://morison-industries-plc.business.site

Morison Industries Plc produces and markets pharmaceuticals and various disinfectants hygiene products. It imports and distributes medical, surgical, and hospital equipment, as well as consumables. The company markets mosquito repellent bracelets, orthopedic consumables and implants, wound care consumables, medical supplies, and warehousing of products.

Morison Industries Fundamentals Summary

How do Morison Industries's earnings and revenue compare to its market cap?
MORISON fundamental statistics
Market Cap₦1.87b
Earnings (TTM)-₦110.61m
Revenue (TTM)₦127.02m

14.7x

P/S Ratio

-16.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MORISON income statement (TTM)
Revenue₦127.02m
Cost of Revenue₦114.99m
Gross Profit₦12.03m
Expenses₦122.64m
Earnings-₦110.61m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.11
Gross Margin9.47%
Net Profit Margin-87.08%
Debt/Equity Ratio1,225.8%

How did MORISON perform over the long term?

See historical performance and comparison

Valuation

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

369.86x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: MORISON is unprofitable, so we can't compare its PE Ratio to the Global Household Products industry average.

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


Price to Book Ratio

PB vs Industry: MORISON is overvalued based on its PB Ratio (369.9x) compared to the XX Household Products industry average (2.3x).


Future Growth

How is Morison Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.9%

Forecasted Household 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 Morison Industries 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 Morison Industries performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MORISON is currently unprofitable.

Growing Profit Margin: MORISON is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MORISON is unprofitable, but has reduced losses over the past 5 years at a rate of 4.6% per year.

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

Earnings vs Industry: MORISON is unprofitable, making it difficult to compare its past year earnings growth to the Household Products industry (6.8%).


Return on Equity

High ROE: MORISON has a negative Return on Equity (-2186.89%), as it is currently unprofitable.


Financial Health

How is Morison Industries's financial position?


Financial Position Analysis

Short Term Liabilities: MORISON's short term assets (NGN100.6M) do not cover its short term liabilities (NGN313.0M).

Long Term Liabilities: MORISON's short term assets (NGN100.6M) exceed its long term liabilities (NGN60.3M).


Debt to Equity History and Analysis

Debt Level: MORISON's debt to equity ratio (1225.8%) is considered high.

Reducing Debt: MORISON's debt to equity ratio has increased from 24.8% to 1225.8% 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: MORISON has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MORISON has less than a year of cash runway if free cash flow continues to grow at historical rates of 7.9% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

5.3yrs

Average board tenure


CEO

Oputa Nwabueze

no data

Tenure

Mr. Oputa Nwabueze serves as Managing Director of Morison Industries Plc and has been its Director since October 02, 2015. He holds a bachelor of Pharmacy degree from the University of Nigeria, Nsukka in...


Board Members

Experienced Board: MORISON's board of directors are considered experienced (5.3 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

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


Key Information


Number of Employees


Location

  • Morison Industries Plc
  • 28/30, Morison Crescent
  • Oregun Industrial Area
  • 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 20:59
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.