Meyer Plc

NGSE:MEYER Stock Report

Market Cap: ₦4.6b

Meyer Past Earnings Performance

Past criteria checks 2/6

Meyer has been growing earnings at an average annual rate of 2.7%, while the Chemicals industry saw earnings growing at 32.1% annually. Revenues have been growing at an average rate of 24.4% per year. Meyer's return on equity is 20.1%, and it has net margins of 12.6%.

Key information

2.7%

Earnings growth rate

3.4%

EPS growth rate

Chemicals Industry Growth6.3%
Revenue growth rate24.4%
Return on equity20.1%
Net Margin12.6%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Meyer makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NGSE:MEYER Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 242,8063538330
30 Jun 242,5782778070
31 Mar 242,3632177400
31 Dec 232,2672367040
30 Sep 231,8925406400
30 Jun 231,7624676250
31 Mar 231,6274276030
31 Dec 221,4353945660
30 Sep 221,442-35540
30 Jun 221,320265260
31 Mar 221,236305020
31 Dec 211,118344830
30 Sep 211,0201,2285380
30 Jun 219191,1695450
31 Mar 217871,1515450
31 Dec 208281,1185630
30 Sep 20814-805000
30 Jun 20896-454950
31 Mar 201,043-385460
31 Dec 191,106-145270
30 Sep 191,076995310
30 Jun 191,0623845530
31 Mar 191,0533875060
31 Dec 189703195240
30 Sep 181,071755770
30 Jun 181,091-2645680
31 Mar 181,080-2715700
31 Dec 171,097-2685640
30 Sep 171,032-3045180
30 Jun 17996-3245170
31 Mar 171,004-3045240
31 Dec 161,091-2195290
30 Sep 161,187575380
30 Jun 161,2441365280
31 Mar 161,2651205400
31 Dec 151,187545450
30 Sep 151,269-105440
30 Jun 151,264-515420
31 Mar 151,228-845310
31 Dec 141,340-365300
30 Sep 141,410-1015290
30 Jun 141,500-755300
31 Mar 141,647725400

Quality Earnings: MEYER has a high level of non-cash earnings.

Growing Profit Margin: MEYER's current net profit margins (12.6%) are lower than last year (28.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MEYER's earnings have grown by 2.7% per year over the past 5 years.

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

Earnings vs Industry: MEYER had negative earnings growth (-34.5%) over the past year, making it difficult to compare to the Chemicals industry average (19.9%).

Return on Equity

High ROE: MEYER's Return on Equity (20.1%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/30 21:40
End of Day Share Price 2025/01/30 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