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PREM

Premier PaintsNGSE:PREMPAINTS Stock Report

Market Cap

₦1.2b

7D

0%

1Y

6.4%

Updated

26 Oct, 2021

Data

Company Financials
PREMPAINTS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

PREMPAINTS Overview

Premier Paints Plc produces and markets various paints in Nigera.

Price History & Performance

Summary of all time highs, changes and price drops for Premier Paints
Historical stock prices
Current Share Price₦10.00
52 Week High₦10.00
52 Week Low₦10.00
Beta-0.0084
1 Month Change0%
3 Month Change0%
1 Year Change6.38%
3 Year Change-3.85%
5 Year Change-3.75%
Change since IPO1,345.79%

Recent News & Updates

Shareholder Returns

PREMPAINTSNG ChemicalsNG Market
7D0%-0.06%1.5%
1Y6.4%3.4%39.2%

Return vs Industry: PREMPAINTS exceeded the NG Chemicals industry which returned 3.5% over the past year.

Return vs Market: PREMPAINTS underperformed the NG Market which returned 40.2% over the past year.

Price Volatility

Is PREMPAINTS's price volatile compared to industry and market?
PREMPAINTS volatility
PREMPAINTS Beta-0.0084
Industry Beta1.87
Market Beta1

Stable Share Price: PREMPAINTS is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: PREMPAINTS's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198220Ade Yusufhttps://www.premierpaintsplc.com

Premier Paints Plc produces and markets various paints in Nigera. It offers wood finishes for the furniture, decorative, industrial coatings, and auto refinish industries. The company was incorporated in 1982 and is based in Ifo, Nigeria.

Premier Paints Fundamentals Summary

How do Premier Paints's earnings and revenue compare to its market cap?
PREMPAINTS fundamental statistics
Market Cap₦1.23b
Earnings (TTM)-₦31.26m
Revenue (TTM)₦90.65m

13.6x

P/S Ratio

-39.3x

P/E Ratio

Is PREMPAINTS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PREMPAINTS income statement (TTM)
Revenue₦90.65m
Cost of Revenue₦73.64m
Gross Profit₦17.01m
Expenses₦48.27m
Earnings-₦31.26m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.25
Gross Margin18.77%
Net Profit Margin-34.48%
Debt/Equity Ratio-92.7%

How did PREMPAINTS perform over the long term?

See historical performance and comparison

Valuation

Is Premier Paints undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Premier Paints is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Premier Paints has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Future Growth

How is Premier Paints forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.2%

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 Premier Paints 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 Premier Paints performed over the past 5 years?

11.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PREMPAINTS is currently unprofitable.

Growing Profit Margin: PREMPAINTS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PREMPAINTS is unprofitable, but has reduced losses over the past 5 years at a rate of 11.6% per year.

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

Earnings vs Industry: PREMPAINTS is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (27%).


Return on Equity

High ROE: PREMPAINTS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Premier Paints's financial position?


Financial Position Analysis

Short Term Liabilities: PREMPAINTS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: PREMPAINTS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: PREMPAINTS has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: PREMPAINTS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: PREMPAINTS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PREMPAINTS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 40.8% each year


Dividend

What is Premier Paints's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if PREMPAINTS'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 PREMPAINTS'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?


CEO

Ade Yusuf

4.5yrs

Tenure

Dr. Ade Yusuf serves as Managing Director and Chief Executive Officer at Premier Paints Plc since April 3, 2017. Dr. Yusuf serves as Director at Premier Paints Plc. He has thirty five years’ post qualifica...


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

Premier Paints Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Premier Paints Plc
  • Ticker: PREMPAINTS
  • Exchange: NGSE
  • Founded: 1982
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₦1.230b
  • Shares outstanding: 123.00m
  • Website: https://www.premierpaintsplc.com

Number of Employees


Location

  • Premier Paints Plc
  • KM 2
  • Ifo-Ibogun Road
  • Ifo
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 21:19
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
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.