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ALEX

Aluminium Extrusion IndustriesNGSE:ALEX Stock Report

Market Cap

₦1.6b

7D

0%

1Y

-11.1%

Updated

26 Oct, 2021

Data

Company Financials
ALEX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

ALEX Overview

Aluminium Extrusion Industries Plc manufactures and sells aluminum extruded profiles, billets, and roofing sheets.

Price History & Performance

Summary of all time highs, changes and price drops for Aluminium Extrusion Industries
Historical stock prices
Current Share Price₦7.20
52 Week High₦7.30
52 Week Low₦7.30
Beta0.030
1 Month Change0%
3 Month Change0%
1 Year Change-11.11%
3 Year Change-12.20%
5 Year Change-26.15%
Change since IPO157.14%

Recent News & Updates

Shareholder Returns

ALEXNG Metals and MiningNG Market
7D0%0.2%1.5%
1Y-11.1%5.8%40.2%

Return vs Industry: ALEX underperformed the NG Metals and Mining industry which returned 5.8% over the past year.

Return vs Market: ALEX underperformed the NG Market which returned 40.2% over the past year.

Price Volatility

Is ALEX's price volatile compared to industry and market?
ALEX volatility
ALEX Beta0.030
Industry Beta1.15
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
198260G. Bhatiahttps://www.alexnigeria.com

Aluminium Extrusion Industries Plc manufactures and sells aluminum extruded profiles, billets, and roofing sheets. The company was incorporated in 1982 and is headquartered in Owerri, Nigeria. Aluminium Extrusion Industries Plc is a subsidiary of Tower Aluminium Nigeria Plc.

Aluminium Extrusion Industries Fundamentals Summary

How do Aluminium Extrusion Industries's earnings and revenue compare to its market cap?
ALEX fundamental statistics
Market Cap₦1.58b
Earnings (TTM)₦214.72m
Revenue (TTM)₦2.70b

7.4x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALEX income statement (TTM)
Revenue₦2.70b
Cost of Revenue₦2.38b
Gross Profit₦318.14m
Expenses₦103.43m
Earnings₦214.72m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.98
Gross Margin11.79%
Net Profit Margin7.95%
Debt/Equity Ratio0.002%

How did ALEX perform over the long term?

See historical performance and comparison

Valuation

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

7.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ALEX (NGN7.2) is trading above our estimate of fair value (NGN1.54)

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


Price To Earnings Ratio

PE vs Industry: ALEX's PE Ratio (7.4x) is in line with the African Metals and Mining industry average.

PE vs Market: ALEX's PE Ratio (7.4x) is in line with the NG market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALEX is good value based on its PB Ratio (0.8x) compared to the XF Metals and Mining industry average (1.7x).


Future Growth

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

-7.2%

Forecasted Materials 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 Aluminium Extrusion 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 Aluminium Extrusion Industries performed over the past 5 years?

323.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ALEX has high quality earnings.

Growing Profit Margin: ALEX's current net profit margins (8%) are higher than last year (2.3%).


Past Earnings Growth Analysis

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

Accelerating Growth: Insufficient data to compare ALEX's past year earnings growth to its 5-year average.

Earnings vs Industry: ALEX earnings growth over the past year (323.7%) exceeded the Metals and Mining industry 212.9%.


Return on Equity

High ROE: ALEX's Return on Equity (10.3%) is considered low.


Financial Health

How is Aluminium Extrusion Industries's financial position?


Financial Position Analysis

Short Term Liabilities: ALEX's short term assets (NGN748.7M) exceed its short term liabilities (NGN301.0M).

Long Term Liabilities: ALEX's short term assets (NGN748.7M) exceed its long term liabilities (NGN163.2M).


Debt to Equity History and Analysis

Debt Level: ALEX's debt to equity ratio (0%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ALEX's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ALEX's debt is well covered by operating cash flow (121896.4%).

Interest Coverage: ALEX's interest payments on its debt are well covered by EBIT (125.7x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

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


CEO

G. Bhatia

no data

Tenure

G. S. Bhatia serves as the Chief Executive Officer, Managing Director and a Director at Aluminium Extrusion Industries PLC.


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

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


Key Information

  • Name: Aluminium Extrusion Industries Plc
  • Ticker: ALEX
  • Exchange: NGSE
  • Founded: 1982
  • Industry: Aluminum
  • Sector: Materials
  • Market Cap: ₦1.584b
  • Shares outstanding: 219.96m
  • Website: https://www.alexnigeria.com

Number of Employees


Location

  • Aluminium Extrusion Industries Plc
  • KM4, Atta To Amaimo Road
  • Inyishi Ikeduru L.G.A
  • Owerri
  • 1581
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 21:19
End of Day Share Price2021/10/26 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.