BOC Gases Nigeria Plc manufactures and supplies industrial, medical, and specialty gases primarily in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦10.50|
|52 Week High||₦4.00|
|52 Week Low||₦15.12|
|1 Month Change||-9.87%|
|3 Month Change||36.36%|
|1 Year Change||147.06%|
|3 Year Change||149.41%|
|5 Year Change||198.30%|
|Change since IPO||37.26%|
Recent News & Updates
|BOCGAS||NG Chemicals||NG Market|
Return vs Industry: BOCGAS exceeded the NG Chemicals industry which returned 3.4% over the past year.
Return vs Market: BOCGAS exceeded the NG Market which returned 40% over the past year.
Stable Share Price: BOCGAS is more volatile than 75% of NG stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: BOCGAS's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
BOC Gases Nigeria Plc manufactures and supplies industrial, medical, and specialty gases primarily in Nigeria. It also offers welding and medical equipment. BOC Gases Nigeria plc also exports its products.
BOC Gases Nigeria Fundamentals Summary
|BOCGAS fundamental statistics|
Is BOCGAS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BOCGAS income statement (TTM)|
|Cost of Revenue||₦1.84b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.79|
|Net Profit Margin||9.47%|
How did BOCGAS perform over the long term?See historical performance and comparison
4.8%Current Dividend Yield
Is BOC Gases 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: BOCGAS (NGN10.5) is trading above our estimate of fair value (NGN7.2)
Significantly Below Fair Value: BOCGAS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BOCGAS is poor value based on its PE Ratio (13.3x) compared to the African Chemicals industry average (12.4x).
PE vs Market: BOCGAS is poor value based on its PE Ratio (13.3x) compared to the NG market (7.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BOCGAS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BOCGAS's PB Ratio (1.5x) is in line with the NG Chemicals industry average.
How is BOC Gases Nigeria forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 BOC Gases 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 BOC Gases Nigeria performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BOCGAS has high quality earnings.
Growing Profit Margin: BOCGAS's current net profit margins (9.5%) are higher than last year (7.9%).
Past Earnings Growth Analysis
Earnings Trend: BOCGAS's earnings have grown by 19.7% per year over the past 5 years.
Accelerating Growth: BOCGAS's earnings growth over the past year (36.3%) exceeds its 5-year average (19.7% per year).
Earnings vs Industry: BOCGAS earnings growth over the past year (36.3%) exceeded the Chemicals industry 27%.
Return on Equity
High ROE: BOCGAS's Return on Equity (11.1%) is considered low.
How is BOC Gases Nigeria's financial position?
Financial Position Analysis
Short Term Liabilities: BOCGAS's short term assets (NGN3.4B) exceed its short term liabilities (NGN2.3B).
Long Term Liabilities: BOCGAS's short term assets (NGN3.4B) exceed its long term liabilities (NGN499.3M).
Debt to Equity History and Analysis
Debt Level: BOCGAS is debt free.
Reducing Debt: BOCGAS had no debt 5 years ago.
Debt Coverage: BOCGAS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BOCGAS has no debt, therefore coverage of interest payments is not a concern.
What is BOC Gases Nigeria current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BOCGAS's dividend (4.76%) is higher than the bottom 25% of dividend payers in the NG market (3.3%).
High Dividend: BOCGAS's dividend (4.76%) is low compared to the top 25% of dividend payers in the NG market (7.31%).
Stability and Growth of Payments
Stable Dividend: BOCGAS's dividend payments have been volatile in the past 10 years.
Growing Dividend: BOCGAS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64%), BOCGAS'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 board tenure
Mr. Ayodeji Oseni was appointed Managing Director and CEO of BOC Gases Nigeria Plc in July 2016. He also serves as Board Member of BOC Gases Nigeria Plc . He is a member of the Institute of Directors of Ni...
Experienced Board: BOCGAS's board of directors are considered experienced (6.1 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.
BOC Gases Nigeria plc's employee growth, exchange listings and data sources
- Name: BOC Gases Nigeria plc
- Ticker: BOCGAS
- Exchange: NGSE
- Founded: 1959
- Industry: Industrial Gases
- Sector: Materials
- Market Cap: ₦4.371b
- Shares outstanding: 416.24m
- Website: https://www.boc-nigeria.com
Number of Employees
- BOC Gases Nigeria plc
- Block H
- Plot 1-3
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 15:21|
|End of Day Share Price||2021/10/15 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.