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NOTO

Notore Chemical IndustriesNGSE:NOTORE Stock Report

Market Cap

₦100.8b

7D

0%

1Y

0%

Updated

18 Oct, 2021

Data

Company Financials
NOTORE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

NOTORE Overview

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

Summary of all time highs, changes and price drops for Notore Chemical Industries
Historical stock prices
Current Share Price₦62.50
52 Week High₦56.25
52 Week Low₦62.50
Beta0
1 Month Change0%
3 Month Change0%
1 Year Change0%
3 Year Change0%
5 Year Changen/a
Change since IPO0%

Recent News & Updates

Shareholder Returns

NOTORENG ChemicalsNG Market
7D0%-0.03%1.1%
1Y0%3.4%38.9%

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.

Price Volatility

Is NOTORE's price volatile compared to industry and market?
NOTORE volatility
NOTORE Beta0
Industry Beta1.93
Market Beta1

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

FoundedEmployeesCEOWebsite
2005491Ohis Ohiwereihttps://www.notore.com

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

How do Notore Chemical Industries's earnings and revenue compare to its market cap?
NOTORE fundamental statistics
Market Cap₦100.75b
Earnings (TTM)-₦14.14b
Revenue (TTM)₦10.81b

9.3x

P/S Ratio

-7.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NOTORE income statement (TTM)
Revenue₦10.81b
Cost of Revenue₦20.76b
Gross Profit-₦9.95b
Expenses₦4.19b
Earnings-₦14.14b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-8.77
Gross Margin-92.07%
Net Profit Margin-130.85%
Debt/Equity Ratio251.6%

How did NOTORE perform over the long term?

See historical performance and comparison

Valuation

Is Notore Chemical Industries undervalued compared to its fair value and its price relative to the market?

2.13x

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).


Future Growth

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

17.4%

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.


Past Performance

How has Notore Chemical Industries performed over the past 5 years?

-38.5%

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.


Financial Health

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.


Balance Sheet


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.


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average board tenure


CEO

Ohis Ohiwerei

0.75

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...


Board Members

Experienced Board: NOTORE's board of directors are not considered experienced ( 2.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Notore Chemical Industries Plc's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Notore Chemical Industries Plc
  • Notore Industrial Complex
  • Rivers State
  • Onne
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:42
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/09/30


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.