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GLAX

GlaxoSmithKline Consumer NigeriaNGSE:GLAXOSMITH Stock Report

Market Cap

₦7.8b

7D

8.3%

1Y

16.1%

Updated

16 Oct, 2021

Data

Company Financials
GLAXOSMITH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends2/6

GLAXOSMITH Overview

GlaxoSmithKline Consumer Nigeria Plc manufactures, markets, and distributes of consumer healthcare and pharmaceutical products in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for GlaxoSmithKline Consumer Nigeria
Historical stock prices
Current Share Price₦6.50
52 Week High₦5.35
52 Week Low₦8.70
Beta0.34
1 Month Change7.44%
3 Month Change5.69%
1 Year Change16.07%
3 Year Change-48.82%
5 Year Change-58.81%
Change since IPO49.36%

Recent News & Updates

Shareholder Returns

GLAXOSMITHNG PharmaceuticalsNG Market
7D8.3%2.8%1.6%
1Y16.1%37.3%40.1%

Return vs Industry: GLAXOSMITH underperformed the NG Pharmaceuticals industry which returned 37.3% over the past year.

Return vs Market: GLAXOSMITH underperformed the NG Market which returned 40.1% over the past year.

Price Volatility

Is GLAXOSMITH's price volatile compared to industry and market?
GLAXOSMITH volatility
GLAXOSMITH Beta0.34
Industry Beta0.56
Market Beta1

Stable Share Price: GLAXOSMITH is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GLAXOSMITH's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1971125Kunle Oyelanahttps://www.gsk.com/ng

GlaxoSmithKline Consumer Nigeria Plc manufactures, markets, and distributes of consumer healthcare and pharmaceutical products in Nigeria. It operates through two segments, Consumer Healthcare and Pharmaceuticals. The Consumer Healthcare segment offers oral care, over-the-counter (OTC) medicine, and nutritional healthcare products.

GlaxoSmithKline Consumer Nigeria Fundamentals Summary

How do GlaxoSmithKline Consumer Nigeria's earnings and revenue compare to its market cap?
GLAXOSMITH fundamental statistics
Market Cap₦7.77b
Earnings (TTM)₦836.64m
Revenue (TTM)₦21.29b

9.3x

P/E Ratio

0.4x

P/S Ratio

Is GLAXOSMITH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GLAXOSMITH income statement (TTM)
Revenue₦21.29b
Cost of Revenue₦15.52b
Gross Profit₦5.77b
Expenses₦4.93b
Earnings₦836.64m

Last Reported Earnings

Sep 30, 2020

Next Earnings Date

n/a

Earnings per share (EPS)0.70
Gross Margin27.10%
Net Profit Margin3.93%
Debt/Equity Ratio0.0%

How did GLAXOSMITH perform over the long term?

See historical performance and comparison

Dividends

6.2%

Current Dividend Yield

76%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GLAXOSMITH (NGN6.5) is trading below our estimate of fair value (NGN221.4)

Significantly Below Fair Value: GLAXOSMITH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GLAXOSMITH's PE Ratio (9.3x) is in line with the African Pharmaceuticals industry average.

PE vs Market: GLAXOSMITH is poor value based on its PE Ratio (9.3x) compared to the NG market (7.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GLAXOSMITH is good value based on its PB Ratio (0.9x) compared to the XF Pharmaceuticals industry average (1.6x).


Future Growth

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

14.8%

Forecasted Pharmaceuticals & Biotech 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 GlaxoSmithKline Consumer 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 GlaxoSmithKline Consumer Nigeria performed over the past 5 years?

20.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: GLAXOSMITH has high quality earnings.

Growing Profit Margin: GLAXOSMITH's current net profit margins (3.9%) are higher than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if GLAXOSMITH's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare GLAXOSMITH's past year earnings growth to its 5-year average.

Earnings vs Industry: GLAXOSMITH earnings growth over the past year (20.4%) exceeded the Pharmaceuticals industry 10%.


Return on Equity

High ROE: GLAXOSMITH's Return on Equity (9.4%) is considered low.


Financial Health

How is GlaxoSmithKline Consumer Nigeria's financial position?


Financial Position Analysis

Short Term Liabilities: GLAXOSMITH's short term assets (NGN20.1B) exceed its short term liabilities (NGN13.3B).

Long Term Liabilities: GLAXOSMITH has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GLAXOSMITH is debt free.

Reducing Debt: GLAXOSMITH had no debt 5 years ago.

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

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


Balance Sheet


Dividend

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

6.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GLAXOSMITH's dividend (6.15%) is higher than the bottom 25% of dividend payers in the NG market (3.3%).

High Dividend: GLAXOSMITH's dividend (6.15%) is low compared to the top 25% of dividend payers in the NG market (7.31%).


Stability and Growth of Payments

Stable Dividend: GLAXOSMITH's dividend payments have been volatile in the past 10 years.

Growing Dividend: GLAXOSMITH's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.2%), GLAXOSMITH's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Kunle Oyelana

2.75yrs

Tenure

Mr. Kunle Oyelana serves as Managing Director at GlaxoSmithKline Consumer Nigeria Plc. He had been General Manager at GlaxoSmithKline Consumer Nigeria Plc since August 2019. He served as Managing Director...


Leadership Team

Experienced Management: GLAXOSMITH's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: GLAXOSMITH's board of directors are considered experienced (3.9 years average tenure).


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

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


Key Information

  • Name: GlaxoSmithKline Consumer Nigeria Plc
  • Ticker: GLAXOSMITH
  • Exchange: NGSE
  • Founded: 1971
  • Industry: Pharmaceuticals
  • Sector: Pharmaceuticals & Biotech
  • Market Cap: ₦7.773b
  • Shares outstanding: 1.20b
  • Website: https://www.gsk.com/ng

Number of Employees


Location

  • GlaxoSmithKline Consumer Nigeria Plc
  • 1, Industrial Avenue
  • Ilupeju
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 15:21
End of Day Share Price2021/10/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.