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Meyer NGSE:MEYER Stock Report

Last Price

₦8.43

Market Cap

₦4.2b

7D

9.9%

1Y

134.8%

Updated

30 Dec, 2024

Data

Company Financials

Meyer Plc

NGSE:MEYER Stock Report

Market Cap: ₦4.2b

MEYER Stock Overview

Manufactures and sells paint, coating, adhesives, and flooring products in Nigeria. More details

MEYER fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

Risk Analysis

Does not have a meaningful market cap (NGN4B)

High level of non-cash earnings

Does not have meaningful revenue (NGN3B)

Profit margins (12.6%) are lower than last year (28.5%)

+ 1 more risk

My Notes

Capture your thoughts, links and company narrative

Meyer Plc Competitors

Berger Paints Nigeria

NGSE:BERGER

₦5.8b

Multiverse Mining and Exploration

NGSE:MULTIVERSE

₦2.9b

Industrial and Medical Gases Nigeria

NGSE:IMG

₦19.0b

Chemical and Allied Products

NGSE:CAP

₦31.0b

Price History & Performance

Summary of share price highs, lows and changes for Meyer
Historical stock prices
Current Share Price₦8.43
52 Week High₦8.52
52 Week Low₦3.24
Beta-0.62
1 Month Change9.91%
3 Month Change8.77%
1 Year Change134.82%
3 Year Change1,732.61%
5 Year Change1,461.11%
Change since IPO775.09%

Recent News & Updates

Recent updates

Shareholder Returns

MEYERNG ChemicalsNG Market
7D9.9%1.5%1.0%
1Y134.8%93.6%53.3%

Return vs Industry: MEYER exceeded the NG Chemicals industry which returned 91.1% over the past year.

Return vs Market: MEYER exceeded the NG Market which returned 51.9% over the past year.

Price Volatility

Is MEYER's price volatile compared to industry and market?
MEYER volatility
MEYER Average Weekly Movement4.9%
Chemicals Industry Average Movement4.2%
Market Average Movement5.8%
10% most volatile stocks in NG Market8.6%
10% least volatile stocks in NG Market3.1%

Stable Share Price: MEYER has not had significant price volatility in the past 3 months compared to the NG market.

Volatility Over Time: MEYER's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194066David Onabajowww.meyerpaints.com

Meyer Plc manufactures and sells paint, coating, adhesives, and flooring products in Nigeria. It operates in Paints and Painting services segments. The company offers architectural, auto refinishes, industrial, and marine coatings as well as wood finishes.

Meyer Plc Fundamentals Summary

How do Meyer's earnings and revenue compare to its market cap?
MEYER fundamental statistics
Market cap₦4.20b
Earnings (TTM)₦353.44m
Revenue (TTM)₦2.81b

11.9x

P/E Ratio

1.5x

P/S Ratio

Is MEYER overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MEYER income statement (TTM)
Revenue₦2.81b
Cost of Revenue₦1.68b
Gross Profit₦1.13b
Other Expenses₦772.51m
Earnings₦353.44m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.71
Gross Margin40.13%
Net Profit Margin12.60%
Debt/Equity Ratio0.1%

How did MEYER perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

43%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 06:51
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Meyer Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution