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CAP

CAPNGSE:CAP Stock Report

Market Cap

₦15.4b

7D

0%

1Y

5.9%

Updated

25 Oct, 2021

Data

Company Financials
CAP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends3/6

CAP Overview

CAP plc engages in the manufacture and sale of paints in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for CAP
Historical stock prices
Current Share Price₦19.60
52 Week High₦18.00
52 Week Low₦24.50
Beta0.0053
1 Month Change0%
3 Month Change-5.77%
1 Year Change5.95%
3 Year Change-31.47%
5 Year Change-41.93%
Change since IPO5,949.40%

Recent News & Updates

Shareholder Returns

CAPNG ChemicalsNG Market
7D0%0%1.5%
1Y5.9%3.5%40.2%

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

Return vs Market: CAP underperformed the NG Market which returned 40.9% over the past year.

Price Volatility

Is CAP's price volatile compared to industry and market?
CAP volatility
CAP Beta0.0053
Industry Beta1.88
Market Beta1

Stable Share Price: CAP is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: CAP's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1965199David Wrighthttps://www.capplc.com

CAP plc engages in the manufacture and sale of paints in Nigeria. It manufactures and sells various finishes, including vinyl silk, vinyl matt, vinyl soft sheen, and weathershield masonry, as well as emulsion, gloss, primer, and metal paints primarily under the Dulux brand; and emulsion, gloss, acrylic satin, and textured variants under the Caplux brand, as well as under the Sandtex and Hempel brand names. The company distributes its products through Dulux colour shops and centres.

CAP Fundamentals Summary

How do CAP's earnings and revenue compare to its market cap?
CAP fundamental statistics
Market Cap₦15.45b
Earnings (TTM)₦1.12b
Revenue (TTM)₦10.89b

13.7x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CAP income statement (TTM)
Revenue₦10.89b
Cost of Revenue₦7.07b
Gross Profit₦3.82b
Expenses₦2.69b
Earnings₦1.12b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.43
Gross Margin35.08%
Net Profit Margin10.33%
Debt/Equity Ratio38.5%

How did CAP perform over the long term?

See historical performance and comparison

Dividends

10.7%

Current Dividend Yield

131%

Payout Ratio

Valuation

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

13.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CAP (NGN19.6) is trading above our estimate of fair value (NGN9.01)

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


Price To Earnings Ratio

PE vs Industry: CAP is poor value based on its PE Ratio (13.7x) compared to the African Chemicals industry average (13.4x).

PE vs Market: CAP is poor value based on its PE Ratio (13.7x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CAP is overvalued based on its PB Ratio (5.5x) compared to the NG Chemicals industry average (1.6x).


Future Growth

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

17.3%

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 CAP 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 CAP performed over the past 5 years?

-3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CAP has high quality earnings.

Growing Profit Margin: CAP's current net profit margins (10.3%) are lower than last year (18.5%).


Past Earnings Growth Analysis

Earnings Trend: CAP's earnings have declined by 3.6% per year over the past 5 years.

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

Earnings vs Industry: CAP had negative earnings growth (-24.1%) over the past year, making it difficult to compare to the Chemicals industry average (27%).


Return on Equity

High ROE: CAP's Return on Equity (40.4%) is considered outstanding.


Financial Health

How is CAP's financial position?


Financial Position Analysis

Short Term Liabilities: CAP's short term assets (NGN7.5B) exceed its short term liabilities (NGN5.6B).

Long Term Liabilities: CAP's short term assets (NGN7.5B) exceed its long term liabilities (NGN166.8M).


Debt to Equity History and Analysis

Debt Level: CAP's debt to equity ratio (38.5%) is considered satisfactory.

Reducing Debt: CAP's debt to equity ratio has increased from 13.7% to 38.5% over the past 5 years.

Debt Coverage: CAP's operating cash flow is negative, therefore debt is not well covered.

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


Balance Sheet


Dividend

What is CAP current dividend yield, its reliability and sustainability?

10.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CAP's dividend (10.71%) is higher than the bottom 25% of dividend payers in the NG market (3.33%).

High Dividend: CAP's dividend (10.71%) is in the top 25% of dividend payers in the NG market (7.34%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (130.7%), CAP's dividend payments are not well 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?

2.2yrs

Average management tenure


CEO

David Wright

2.17yrs

Tenure

Mr. David Wright serves as Managing Director of CAP PLC, a subsidiary of UAC of Nigeria PLC. Mr. Wright has been the Chief Executive Officer, Managing Director and Director at Chemical and Allied Products...


Leadership Team

Experienced Management: CAP's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: CAP's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 12.6%.


Top Shareholders

Company Information

CAP plc's employee growth, exchange listings and data sources


Key Information

  • Name: CAP plc
  • Ticker: CAP
  • Exchange: NGSE
  • Founded: 1965
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: ₦15.450b
  • Shares outstanding: 788.26m
  • Website: https://www.capplc.com

Number of Employees


Location

  • CAP plc
  • 2, Adeniyi Jones Avenue
  • P.M.B. 21072
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:38
End of Day Share Price2021/10/25 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.