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BETA

Beta Glass NGSE:BETAGLAS Stock Report

Last Price

₦46.10

Market Cap

₦27.7b

7D

0%

1Y

4.5%

Updated

29 Sep, 2022

Data

Company Financials
BETAGLAS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

BETAGLAS Stock Overview

Beta Glass Plc manufactures, distributes, and sells glassware in Nigeria.

Beta Glass Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Beta Glass
Historical stock prices
Current Share Price₦46.10
52 Week High₦52.12
52 Week Low₦46.10
Beta-0.37
1 Month Change-9.96%
3 Month Change-9.96%
1 Year Change4.48%
3 Year Change2.83%
5 Year Change-2.69%
Change since IPO1,573.44%

Recent News & Updates

Shareholder Returns

BETAGLASNG PackagingNG Market
7D0%-1.3%-0.7%
1Y4.5%-7.8%-4.3%

Return vs Industry: BETAGLAS exceeded the NG Packaging industry which returned -7.9% over the past year.

Return vs Market: BETAGLAS exceeded the NG Market which returned -1.9% over the past year.

Price Volatility

Is BETAGLAS's price volatile compared to industry and market?
BETAGLAS volatility
BETAGLAS Average Weekly Movement2.8%
Packaging Industry Average Movement6.0%
Market Average Movement5.2%
10% most volatile stocks in NG Market8.3%
10% least volatile stocks in NG Market2.8%

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

Volatility Over Time: BETAGLAS's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a728Darren Bennett-Vocihttps://www.frigoglass.com/beta-glass-investors/

Beta Glass Plc manufactures, distributes, and sells glassware in Nigeria. It provides glass bottles and containers for soft drinks, breweries, wine and spirit, pharmaceutical, foods, and cosmetics companies. It also exports its products to Cameroun, Ghana, Liberia, Sierra-leone, and Guinea.

Beta Glass Fundamentals Summary

How do Beta Glass's earnings and revenue compare to its market cap?
BETAGLAS fundamental statistics
Market Cap₦27.66b
Earnings (TTM)₦5.22b
Revenue (TTM)₦44.61b

5.3x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BETAGLAS income statement (TTM)
Revenue₦44.61b
Cost of Revenue₦34.68b
Gross Profit₦9.93b
Other Expenses₦4.71b
Earnings₦5.22b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.70
Gross Margin22.25%
Net Profit Margin11.70%
Debt/Equity Ratio16.9%

How did BETAGLAS perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

11%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BETAGLAS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BETAGLAS?

Other financial metrics that can be useful for relative valuation.

BETAGLAS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA1.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does BETAGLAS's PE Ratio compare to its peers?

BETAGLAS PE Ratio vs Peers
The above table shows the PE ratio for BETAGLAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.7x
CAP Chemical and Allied Products
9.5xn/a₦14.5b
8411 Kingcan Holdings
14.3xn/aNT$2.6b
A049830 Seung Il
28.1xn/a₩80.9b
PABC Pakistan Aluminium Beverage Cans
6.9xn/aPK₨16.2b
BETAGLAS Beta Glass
5.3xn/a₦27.7b

Price-To-Earnings vs Peers: BETAGLAS is good value based on its Price-To-Earnings Ratio (5.3x) compared to the peer average (15.7x).


Price to Earnings Ratio vs Industry

How does BETAGLAS's PE Ratio compare vs other companies in the Global Packaging Industry?

Price-To-Earnings vs Industry: BETAGLAS is good value based on its Price-To-Earnings Ratio (5.3x) compared to the Global Packaging industry average (13.4x)


Price to Earnings Ratio vs Fair Ratio

What is BETAGLAS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BETAGLAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BETAGLAS's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of BETAGLAS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BETAGLAS (NGN46.1) is trading above our estimate of fair value (NGN9.85)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.0%

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 Beta Glass 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.


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  • Examine Beta Glass's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Beta Glass performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BETAGLAS has high quality earnings.

Growing Profit Margin: BETAGLAS's current net profit margins (11.7%) are lower than last year (16.6%).


Past Earnings Growth Analysis

Earnings Trend: BETAGLAS's earnings have grown by 3.2% per year over the past 5 years.

Accelerating Growth: BETAGLAS's earnings growth over the past year (5.3%) exceeds its 5-year average (3.2% per year).

Earnings vs Industry: BETAGLAS earnings growth over the past year (5.3%) underperformed the Packaging industry 34%.


Return on Equity

High ROE: BETAGLAS's Return on Equity (11.7%) is considered low.


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Financial Health

How is Beta Glass's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BETAGLAS's short term assets (NGN47.8B) exceed its short term liabilities (NGN22.0B).

Long Term Liabilities: BETAGLAS's short term assets (NGN47.8B) exceed its long term liabilities (NGN3.6B).


Debt to Equity History and Analysis

Debt Level: BETAGLAS has more cash than its total debt.

Reducing Debt: BETAGLAS's debt to equity ratio has increased from 1.1% to 16.9% over the past 5 years.

Debt Coverage: BETAGLAS's debt is well covered by operating cash flow (41.1%).

Interest Coverage: BETAGLAS earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Beta Glass's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.99%

Current Dividend Yield

Dividend Yield vs Market

Beta Glass Dividend Yield vs Market
How does Beta Glass dividend yield compare to the market?
SegmentDividend Yield
Company (Beta Glass)2.0%
Market Bottom 25% (NG)4.0%
Market Top 25% (NG)8.7%
Industry Average (Packaging)4.7%
Analyst forecast in 3 Years (Beta Glass)n/a

Notable Dividend: BETAGLAS's dividend (1.99%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (3.94%).

High Dividend: BETAGLAS's dividend (1.99%) is low compared to the top 25% of dividend payers in the NG market (8.68%).


Stability and Growth of Payments

Stable Dividend: BETAGLAS is not paying a notable dividend for the NG market, therefore no need to check if payments are stable.

Growing Dividend: BETAGLAS is not paying a notable dividend for the NG market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: BETAGLAS is not paying a notable dividend for the NG market.


Cash Payout to Shareholders

Cash Flow Coverage: BETAGLAS is paying a dividend but the company has no free cash flows.


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Management

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

6.5yrs

Average board tenure


CEO

Darren Bennett-Voci

6.5yrs

Tenure

Mr. Darren Bennett-Voci has been Glass Division Director of Frigoglass SAIC since March 2016. Mr. Bennett-Voci has been Managing Director of Beta Glass Plc since April 1, 2016. Mr. Bennett-Voci has been Di...


Board Members

Experienced Board: BETAGLAS's board of directors are considered experienced (6.5 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

What is the ownership structure of BETAGLAS?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders30,5240.005%
State or Government26,709,7404.5%
Private Companies49,126,2378.2%
General Public152,830,53925.5%
Public Companies371,269,36061.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 5 shareholders own 74.53% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
61.88%
Frigoglass S.A.I.C.
371,269,360NGN17.1b0%no data
8.17%
Deltainvest Holdings limited
48,999,757NGN2.3b0%no data
4.45%
Delta State Ministry of Finance Incorporated
26,709,740NGN1.2b0%no data
0.021%
Turnbull Investments Limited
126,480NGN5.8m0%no data
0.0051%
Haralambos David
30,524NGN1.4m0%no data

Company Information

Beta Glass Plc's employee growth, exchange listings and data sources


Key Information


Number of Employees


Location

  • Beta Glass Plc
  • Iddo House
  • Iddo
  • Lagos
  • Nigeria


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BETAGLASNGSE (Nigerian Stock Exchange)YesOrdinary Shares NGNGNMay 2000

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.