Portland Paints & Products Nigeria Plc manufactures and sells paints.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦2.64|
|52 Week High||₦1.93|
|52 Week Low||₦3.50|
|1 Month Change||0%|
|3 Month Change||6.88%|
|1 Year Change||18.39%|
|3 Year Change||6.88%|
|5 Year Change||50.00%|
|Change since IPO||-69.23%|
Recent News & Updates
|PORTPAINT||NG Chemicals||NG Market|
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.
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
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
|PORTPAINT fundamental statistics|
Is PORTPAINT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PORTPAINT income statement (TTM)|
|Cost of Revenue||₦1.34b|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.32|
|Net Profit Margin||-14.13%|
How did PORTPAINT perform over the long term?See historical performance and comparison
Is Portland Paints & Products Nigeria 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: 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).
How is Portland Paints & Products Nigeria 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 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.
How has Portland Paints & Products Nigeria performed over the past 5 years?
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
Experienced Management: PORTPAINT's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: PORTPAINT's board of directors are not considered experienced ( 2.3 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.
Portland Paints & Products Nigeria Plc's employee growth, exchange listings and data sources
- 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
- Portland Paints & Products Nigeria Plc
- Sandtex House
- 105A, Adeniyi Jones Avenue
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/19 21:35|
|End of Day Share Price||2021/08/19 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.