Berger Paints Nigeria Plc manufactures, distributes, and sell paints and allied products in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦8.90|
|52 Week High||₦6.05|
|52 Week Low||₦9.85|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||32.84%|
|3 Year Change||34.85%|
|5 Year Change||29.17%|
|Change since IPO||263.27%|
Recent News & Updates
|BERGER||NG Chemicals||NG Market|
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.
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
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
|BERGER fundamental statistics|
Is BERGER overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BERGER income statement (TTM)|
|Cost of Revenue||₦2.76b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.65|
|Net Profit Margin||4.38%|
How did BERGER perform over the long term?See historical performance and comparison
4.5%Current Dividend Yield
Is Berger Paints Nigeria undervalued compared to its fair value and its price relative to the market?
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).
How is Berger Paints Nigeria forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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.
How has Berger Paints Nigeria performed over the past 5 years?
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.
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).
What is Berger Paints Nigeria current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
Experienced Management: BERGER's management team is considered experienced (2.9 years average tenure).
Experienced Board: BERGER's board of directors are considered experienced (5.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Berger Paints Nigeria Plc's employee growth, exchange listings and data sources
- 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
- Berger Paints Nigeria Plc
- 102, Oba Akran Avenue
- Ikeja Industrial Estate
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 21:01|
|End of Day Share Price||2021/10/22 00:00|
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.