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BETA

Beta GlassNGSE:BETAGLAS Stock Report

Market Cap

₦26.5b

7D

0%

1Y

-4.4%

Updated

17 Oct, 2021

Data

Company Financials
BETAGLAS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends2/6

BETAGLAS Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Beta Glass
Historical stock prices
Current Share Price₦52.95
52 Week High₦50.00
52 Week Low₦54.00
Beta-0.27
1 Month Change0%
3 Month Change0%
1 Year Change-4.42%
3 Year Change-24.57%
5 Year Change70.81%
Change since IPO1,501.74%

Recent News & Updates

Shareholder Returns

BETAGLASNG PackagingNG Market
7D0%3.0%1.6%
1Y-4.4%111.6%40.0%

Return vs Industry: BETAGLAS underperformed the NG Packaging industry which returned 111.6% over the past year.

Return vs Market: BETAGLAS underperformed the NG Market which returned 40% over the past year.

Price Volatility

Is BETAGLAS's price volatile compared to industry and market?
BETAGLAS volatility
BETAGLAS Beta-0.27
Industry Beta1.18
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
n/a695Darren 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. The company 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₦26.47b
Earnings (TTM)₦4.96b
Revenue (TTM)₦29.88b

5.3x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BETAGLAS income statement (TTM)
Revenue₦29.88b
Cost of Revenue₦21.22b
Gross Profit₦8.66b
Expenses₦3.70b
Earnings₦4.96b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)9.91
Gross Margin28.99%
Net Profit Margin16.59%
Debt/Equity Ratio10.3%

How did BETAGLAS perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

10%

Payout Ratio

Valuation

Is Beta Glass undervalued compared to its fair value and its price relative to the market?

5.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BETAGLAS (NGN52.95) is trading above our estimate of fair value (NGN12.16)

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


Price To Earnings Ratio

PE vs Industry: BETAGLAS is good value based on its PE Ratio (5.3x) compared to the African Packaging industry average (9.8x).

PE vs Market: BETAGLAS is good value based on its PE Ratio (5.3x) compared to the NG market (7.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BETAGLAS is good value based on its PB Ratio (0.7x) compared to the XF Packaging industry average (1.3x).


Future Growth

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

18.6%

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.


Past Performance

How has Beta Glass performed over the past 5 years?

5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BETAGLAS has high quality earnings.

Growing Profit Margin: BETAGLAS's current net profit margins (16.6%) are lower than last year (17.4%).


Past Earnings Growth Analysis

Earnings Trend: BETAGLAS's earnings have grown by 5.2% per year over the past 5 years.

Accelerating Growth: BETAGLAS's earnings growth over the past year (8.3%) exceeds its 5-year average (5.2% per year).

Earnings vs Industry: BETAGLAS earnings growth over the past year (8.3%) exceeded the Packaging industry 6.7%.


Return on Equity

High ROE: BETAGLAS's Return on Equity (12.4%) is considered low.


Financial Health

How is Beta Glass's financial position?


Financial Position Analysis

Short Term Liabilities: BETAGLAS's short term assets (NGN36.6B) exceed its short term liabilities (NGN16.9B).

Long Term Liabilities: BETAGLAS's short term assets (NGN36.6B) exceed its long term liabilities (NGN2.0B).


Debt to Equity History and Analysis

Debt Level: BETAGLAS's debt to equity ratio (10.3%) is considered satisfactory.

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

Debt Coverage: BETAGLAS's debt is well covered by operating cash flow (113.7%).

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


Balance Sheet


Dividend

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

1.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BETAGLAS's dividend (1.96%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (3.3%).

High Dividend: BETAGLAS's dividend (1.96%) is low compared to the top 25% of dividend payers in the NG market (7.31%).


Stability and Growth of Payments

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

Growing Dividend: BETAGLAS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.5%), BETAGLAS's dividend payments are thoroughly 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?

5.6yrs

Average board tenure


CEO

Darren Bennett-Voci

5.5yrs

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 (5.6 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

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 15:21
End of Day Share Price2021/10/15 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.