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PORT

Portland Paints & Products NigeriaNGSE:PORTPAINT Stock Report

Market Cap

₦2.1b

7D

0%

1Y

18.4%

Updated

19 Aug, 2021

Data

Company Financials
PORTPAINT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

PORTPAINT Overview

Portland Paints & Products Nigeria Plc manufactures and sells paints.

Price History & Performance

Summary of all time highs, changes and price drops for Portland Paints & Products Nigeria
Historical stock prices
Current Share Price₦2.64
52 Week High₦1.93
52 Week Low₦3.50
Beta-0.010
1 Month Change0%
3 Month Change6.88%
1 Year Change18.39%
3 Year Change6.88%
5 Year Change50.00%
Change since IPO-69.23%

Recent News & Updates

Shareholder Returns

PORTPAINTNG ChemicalsNG Market
7D0%0%1.4%
1Y18.4%3.5%41.3%

Return vs Industry: PORTPAINT underperformed the NG Chemicals industry which returned 43.9% over the past year.

Return vs Market: PORTPAINT underperformed the NG Market which returned 51.6% over the past year.

Price Volatility

Is PORTPAINT's price volatile compared to industry and market?
PORTPAINT volatility
PORTPAINT Beta-0.010
Industry Beta1.88
Market Beta1

Stable Share Price: PORTPAINT is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PORTPAINT's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198555Bolarin Okunowohttps://www.portlandpaintsng.com

Portland Paints & Products Nigeria Plc manufactures and sells paints. It operates through three segments: Portland Decorative Paints, Portland Marine, and Portland Sanitary Wares. The company offers decorative paints, including the Sandtex paints; Sandtex Anti-Microbial paint, an anti-microbial paint primarily for hospitals, clinics, primary health centers, laboratories, hotels, restaurants, colleges, universities and polytechnics, crèche and daycare centers, and kitchen; and Crown Trade decorative paint products.

Portland Paints & Products Nigeria Fundamentals Summary

How do Portland Paints & Products Nigeria's earnings and revenue compare to its market cap?
PORTPAINT fundamental statistics
Market Cap₦2.09b
Earnings (TTM)-₦250.98m
Revenue (TTM)₦1.78b

1.2x

P/S Ratio

-8.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PORTPAINT income statement (TTM)
Revenue₦1.78b
Cost of Revenue₦1.34b
Gross Profit₦437.07m
Expenses₦688.05m
Earnings-₦250.98m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.32
Gross Margin24.60%
Net Profit Margin-14.13%
Debt/Equity Ratio0%

How did PORTPAINT perform over the long term?

See historical performance and comparison

Valuation

Is Portland Paints & Products Nigeria undervalued compared to its fair value and its price relative to the market?

1.63x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PORTPAINT (NGN2.64) is trading above our estimate of fair value (NGN2)

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


Price To Earnings Ratio

PE vs Industry: PORTPAINT is unprofitable, so we can't compare its PE Ratio to the African Chemicals industry average.

PE vs Market: PORTPAINT 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 PORTPAINT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PORTPAINT is overvalued based on its PB Ratio (1.6x) compared to the XF Chemicals industry average (1.2x).


Future Growth

How is Portland Paints & Products Nigeria forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.5%

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 Portland Paints & Products Nigeria 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 Portland Paints & Products Nigeria performed over the past 5 years?

2.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PORTPAINT is currently unprofitable.

Growing Profit Margin: PORTPAINT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PORTPAINT is unprofitable, but has reduced losses over the past 5 years at a rate of 2.9% per year.

Accelerating Growth: Unable to compare PORTPAINT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PORTPAINT is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (12.7%).


Return on Equity

High ROE: PORTPAINT has a negative Return on Equity (-19.55%), as it is currently unprofitable.


Financial Health

How is Portland Paints & Products Nigeria's financial position?


Financial Position Analysis

Short Term Liabilities: PORTPAINT's short term assets (NGN1.5B) exceed its short term liabilities (NGN107.2M).

Long Term Liabilities: PORTPAINT's short term assets (NGN1.5B) exceed its long term liabilities (NGN388.1M).


Debt to Equity History and Analysis

Debt Level: PORTPAINT is debt free.

Reducing Debt: PORTPAINT has no debt compared to 5 years ago when its debt to equity ratio was 32.6%.

Debt Coverage: PORTPAINT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PORTPAINT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Portland Paints & Products Nigeria current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PORTPAINT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PORTPAINT'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 PORTPAINT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PORTPAINT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PORTPAINT is not paying a notable dividend for the NG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PORTPAINT'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?

0.8yrs

Average management tenure


CEO

Bolarin Okunowo

1.42yrs

Tenure

Ms. Bolarin Okunowo serves as Managing Director at Portland Paints & Products Nigeria Plc (formerly known as Portland Paints and Products Nigeria Plc) since March 21, 2020. Ms. Okunowo serves as a Non-Exec...


Leadership Team

Experienced Management: PORTPAINT's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: PORTPAINT's board of directors are not considered experienced ( 2.3 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

Portland Paints & Products Nigeria Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Portland Paints & Products Nigeria Plc
  • Ticker: PORTPAINT
  • Exchange: NGSE
  • Founded: 1985
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₦2.095b
  • Shares outstanding: 793.42m
  • Website: https://www.portlandpaintsng.com

Number of Employees


Location

  • Portland Paints & Products Nigeria Plc
  • Sandtex House
  • 105A, Adeniyi Jones Avenue
  • Lagos
  • 21782
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/19 21:35
End of Day Share Price2021/08/19 00:00
Earnings2021/03/31
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.