Notore Chemical Industries Plc manufactures and sells nitrogenous fertilizers and substances to enhance the fertility of soil and water in Nigeria and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦62.50|
|52 Week High||₦56.25|
|52 Week Low||₦62.50|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||0%|
|3 Year Change||0%|
|5 Year Change||n/a|
|Change since IPO||0%|
Recent News & Updates
|NOTORE||NG Chemicals||NG Market|
Return vs Industry: NOTORE underperformed the NG Chemicals industry which returned 3.4% over the past year.
Return vs Market: NOTORE underperformed the NG Market which returned 40% over the past year.
Stable Share Price: NOTORE is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 0% a week.
Volatility Over Time: NOTORE's weekly volatility (0%) has been stable over the past year.
About the Company
Notore Chemical Industries Plc manufactures and sells nitrogenous fertilizers and substances to enhance the fertility of soil and water in Nigeria and internationally. It offers granular urea; nitrogen, phosphate, and potassium fertilizers; and ammonia. The company also markets farm produces; develops and markets seeds; and develops and operates industrial parks.
Notore Chemical Industries Fundamentals Summary
|NOTORE fundamental statistics|
Is NOTORE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NOTORE income statement (TTM)|
|Cost of Revenue||₦20.76b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-8.77|
|Net Profit Margin||-130.85%|
How did NOTORE perform over the long term?See historical performance and comparison
Is Notore Chemical Industries undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: NOTORE (NGN62.5) is trading above our estimate of fair value (NGN24.2)
Significantly Below Fair Value: NOTORE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NOTORE is unprofitable, so we can't compare its PE Ratio to the African Chemicals industry average.
PE vs Market: NOTORE is unprofitable, so we can't compare its PE Ratio to the NG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NOTORE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NOTORE is overvalued based on its PB Ratio (2.1x) compared to the NG Chemicals industry average (1.6x).
How is Notore Chemical Industries 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 Notore Chemical Industries 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 Notore Chemical Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NOTORE is currently unprofitable.
Growing Profit Margin: NOTORE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NOTORE is unprofitable, and losses have increased over the past 5 years at a rate of 38.5% per year.
Accelerating Growth: Unable to compare NOTORE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NOTORE is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (27%).
Return on Equity
High ROE: NOTORE has a negative Return on Equity (-29.93%), as it is currently unprofitable.
How is Notore Chemical Industries's financial position?
Financial Position Analysis
Short Term Liabilities: NOTORE's short term assets (NGN16.3B) do not cover its short term liabilities (NGN81.6B).
Long Term Liabilities: NOTORE's short term assets (NGN16.3B) do not cover its long term liabilities (NGN99.2B).
Debt to Equity History and Analysis
Debt Level: NOTORE's debt to equity ratio (251.6%) is considered high.
Reducing Debt: Insufficient data to determine if NOTORE's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable NOTORE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NOTORE is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 51.1% per year.
What is Notore Chemical Industries's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NOTORE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NOTORE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NOTORE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NOTORE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NOTORE's dividend in 3 years as they are not forecast to pay a notable one for the NG market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Ohiosimuan Ohiwerei, also known as Ohis, serves as Managing Director and Chief Executive Officer at Notore Chemical Industries Plc since 2021 and serves its Director since January 2019. He served as th...
Experienced Board: NOTORE's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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.
Notore Chemical Industries Plc's employee growth, exchange listings and data sources
- Name: Notore Chemical Industries Plc
- Ticker: NOTORE
- Exchange: NGSE
- Founded: 2005
- Industry: Fertilizers and Agricultural Chemicals
- Sector: Materials
- Market Cap: ₦100.754b
- Shares outstanding: 1.61b
- Website: https://www.notore.com
Number of Employees
- Notore Chemical Industries Plc
- Notore Industrial Complex
- Rivers State
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 21:42|
|End of Day Share Price||2021/10/18 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.