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VANL

Greif NigeriaNGSE:VANLEER Stock Report

Market Cap

₦232.4m

7D

0%

1Y

-40.1%

Updated

21 Oct, 2021

Data

Company Financials
VANLEER fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

VANLEER Overview

Greif Nigeria Plc manufactures and markets steel drums in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Greif Nigeria
Historical stock prices
Current Share Price₦5.45
52 Week High₦5.45
52 Week Low₦8.20
Beta0.0013
1 Month Change-9.92%
3 Month Change-9.92%
1 Year Change-40.11%
3 Year Change-40.11%
5 Year Change-43.76%
Change since IPO7.07%

Recent News & Updates

Shareholder Returns

VANLEERNG PackagingNG Market
7D0%-0.7%1.4%
1Y-40.1%101.7%41.3%

Return vs Industry: VANLEER underperformed the NG Packaging industry which returned 101.3% over the past year.

Return vs Market: VANLEER underperformed the NG Market which returned 40.4% over the past year.

Price Volatility

Is VANLEER's price volatile compared to industry and market?
VANLEER volatility
VANLEER Beta0.0013
Industry Beta1.18
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
19402David Onabajo

Greif Nigeria Plc manufactures and markets steel drums in Nigeria. The company was formerly known as Van Leer Containers Nigeria Plc and changed its name to Greif Nigeria Plc in May 2004. The company was incorporated in 1940 and is based in Lagos, Nigeria.

Greif Nigeria Fundamentals Summary

How do Greif Nigeria's earnings and revenue compare to its market cap?
VANLEER fundamental statistics
Market Cap₦232.39m
Earnings (TTM)₦386.49m
Revenue (TTM)n/a

0.6x

P/E Ratio

0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VANLEER income statement (TTM)
Revenue₦0
Cost of Revenue-₦2.15m
Gross Profit₦2.15m
Expenses-₦384.34m
Earnings₦386.49m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)9.06
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did VANLEER perform over the long term?

See historical performance and comparison

Valuation

Is Greif Nigeria undervalued compared to its fair value and its price relative to the market?

0.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate VANLEER's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate VANLEER's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: VANLEER is good value based on its PE Ratio (0.6x) compared to the African Packaging industry average (9.8x).

PE vs Market: VANLEER is good value based on its PE Ratio (0.6x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VANLEER's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VANLEER is overvalued based on its PB Ratio (2x) compared to the XF Packaging industry average (1.3x).


Future Growth

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

18.7%

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 Greif 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 Greif Nigeria performed over the past 5 years?

12.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VANLEER has a large one-off gain of NGN451.0M impacting its July 31 2021 financial results.

Growing Profit Margin: VANLEER became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: VANLEER has become profitable over the past 5 years, growing earnings by 12.5% per year.

Accelerating Growth: VANLEER has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: VANLEER has become profitable in the last year, making it difficult to compare its past year earnings growth to the Packaging industry (6.7%).


Return on Equity

High ROE: VANLEER's Return on Equity (333.9%) is considered outstanding.


Financial Health

How is Greif Nigeria's financial position?


Financial Position Analysis

Short Term Liabilities: VANLEER's short term assets (NGN257.3M) exceed its short term liabilities (NGN141.5M).

Long Term Liabilities: VANLEER's short term assets (NGN257.3M) do not cover its long term liabilities (NGN-1,000.0).


Debt to Equity History and Analysis

Debt Level: VANLEER is debt free.

Reducing Debt: VANLEER has not had any debt for past 5 years.

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

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


Balance Sheet


Dividend

What is Greif Nigeria current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

David Onabajo

3.75yrs

Tenure

Mr. David Onabajo is the Managing Director and Director of Greif Nigeria Plc.


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

Greif Nigeria Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Greif Nigeria Plc
  • Ticker: VANLEER
  • Exchange: NGSE
  • Founded: 1940
  • Industry: Metal and Glass Containers
  • Sector: Materials
  • Market Cap: ₦232.388m
  • Shares outstanding: 42.64m

Number of Employees


Location

  • Greif Nigeria Plc
  • Chief Yesuf Abiodun Street
  • 2nd Floor, Plot 5
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 21:01
End of Day Share Price2021/10/21 00:00
Earnings2021/07/31
Annual Earnings2020/10/31


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.