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BERG

Berger Paints NigeriaNGSE:BERGER Stock Report

Market Cap

₦2.6b

7D

0%

1Y

32.8%

Updated

22 Oct, 2021

Data

Company Financials +
BERGER fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends2/6

BERGER Overview

Berger Paints Nigeria Plc manufactures, distributes, and sell paints and allied products in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Berger Paints Nigeria
Historical stock prices
Current Share Price₦8.90
52 Week High₦6.05
52 Week Low₦9.85
Beta-0.16
1 Month Change0%
3 Month Change0%
1 Year Change32.84%
3 Year Change34.85%
5 Year Change29.17%
Change since IPO263.27%

Recent News & Updates

Shareholder Returns

BERGERNG ChemicalsNG Market
7D0%0%1.4%
1Y32.8%3.5%41.3%

Return vs Industry: BERGER exceeded the NG Chemicals industry which returned 3.5% over the past year.

Return vs Market: BERGER underperformed the NG Market which returned 41.3% over the past year.

Price Volatility

Is BERGER's price volatile compared to industry and market?
BERGER volatility
BERGER Beta-0.16
Industry Beta1.88
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1959136Anjan Sircarhttps://www.bergerpaintsnig.com

Berger Paints Nigeria Plc manufactures, distributes, and sell paints and allied products in Nigeria. It operates through three segments: Paints and Allied Products, Contract Revenue, and Investment Property Rental Income. The company offers decorative/architectural finishes, industrial coatings, marine & protection coatings, automotive/vehicle refinishes, and wood finishing and preservers.

Berger Paints Nigeria Fundamentals Summary

How do Berger Paints Nigeria's earnings and revenue compare to its market cap?
BERGER fundamental statistics
Market Cap₦2.58b
Earnings (TTM)₦189.68m
Revenue (TTM)₦4.33b

13.6x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BERGER income statement (TTM)
Revenue₦4.33b
Cost of Revenue₦2.76b
Gross Profit₦1.57b
Expenses₦1.38b
Earnings₦189.68m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.65
Gross Margin36.27%
Net Profit Margin4.38%
Debt/Equity Ratio4.5%

How did BERGER perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

61%

Payout Ratio

Valuation

Is Berger Paints Nigeria undervalued compared to its fair value and its price relative to the market?

13.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BERGER (NGN8.9) is trading above our estimate of fair value (NGN8.11)

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


Price To Earnings Ratio

PE vs Industry: BERGER is poor value based on its PE Ratio (13.6x) compared to the African Chemicals industry average (12.9x).

PE vs Market: BERGER is poor value based on its PE Ratio (13.6x) compared to the NG market (7.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BERGER is good value based on its PB Ratio (0.8x) compared to the NG Chemicals industry average (1.6x).


Future Growth

How is Berger Paints Nigeria forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

17.5%

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 Berger Paints Nigeria 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 Berger Paints Nigeria performed over the past 5 years?

1.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BERGER has high quality earnings.

Growing Profit Margin: BERGER's current net profit margins (4.4%) are lower than last year (8.9%).


Past Earnings Growth Analysis

Earnings Trend: BERGER's earnings have grown by 1.9% per year over the past 5 years.

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

Earnings vs Industry: BERGER had negative earnings growth (-44.9%) over the past year, making it difficult to compare to the Chemicals industry average (27%).


Return on Equity

High ROE: BERGER's Return on Equity (6.1%) is considered low.


Financial Health

How is Berger Paints Nigeria's financial position?


Financial Position Analysis

Short Term Liabilities: BERGER's short term assets (NGN1.8B) exceed its short term liabilities (NGN1.4B).

Long Term Liabilities: BERGER's short term assets (NGN1.8B) exceed its long term liabilities (NGN458.3M).


Debt to Equity History and Analysis

Debt Level: BERGER's debt to equity ratio (4.5%) is considered satisfactory.

Reducing Debt: BERGER's debt to equity ratio has increased from 3.7% to 4.5% over the past 5 years.

Debt Coverage: BERGER's debt is well covered by operating cash flow (294.7%).

Interest Coverage: BERGER's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet


Dividend

What is Berger Paints Nigeria current dividend yield, its reliability and sustainability?

4.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BERGER's dividend (4.49%) is higher than the bottom 25% of dividend payers in the NG market (3.3%).

High Dividend: BERGER's dividend (4.49%) is low compared to the top 25% of dividend payers in the NG market (7.3%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.1%), BERGER's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Anjan Sircar

2.5yrs

Tenure

Mr. Anjan Sircar has been Director at Berger Paints Nigeria Plc since April 30, 2019 and has been its Director. Until his appointment, he was the CEO of the Elite Group of Companies, Bangladesh, in its Aqu...


Leadership Team

Experienced Management: BERGER's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: BERGER's board of directors are considered experienced (5.1 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

Berger Paints Nigeria Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Berger Paints Nigeria Plc
  • Ticker: BERGER
  • Exchange: NGSE
  • Founded: 1959
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₦2.579b
  • Shares outstanding: 289.82m
  • Website: https://www.bergerpaintsnig.com

Number of Employees


Location

  • Berger Paints Nigeria Plc
  • 102, Oba Akran Avenue
  • Ikeja 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 Analysis2021/10/22 21:01
End of Day Share Price2021/10/22 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.