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UPDC

UACN Property DevelopmentNGSE:UPDC Stock Report

Market Cap

₦34.3b

7D

-2.6%

1Y

134.2%

Updated

21 Oct, 2021

Data

Company Financials
UPDC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

UPDC Overview

UACN Property Development Company Plc, together with its subsidiaries, acquires, develops, sells, leases, and manages commercial and residential accommodation and retail space in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for UACN Property Development
Historical stock prices
Current Share Price₦1.85
52 Week High₦0.70
52 Week Low₦2.13
Beta0.015
1 Month Change0%
3 Month Change37.04%
1 Year Change134.18%
3 Year Change12.81%
5 Year Change-42.90%
Change since IPO25.68%

Recent News & Updates

Shareholder Returns

UPDCNG Real EstateNG Market
7D-2.6%-0.9%1.4%
1Y134.2%34.2%41.3%

Return vs Industry: UPDC exceeded the NG Real Estate industry which returned 32.1% over the past year.

Return vs Market: UPDC exceeded the NG Market which returned 40.4% over the past year.

Price Volatility

Is UPDC's price volatile compared to industry and market?
UPDC volatility
UPDC Beta0.015
Industry Beta0.82
Market Beta1

Stable Share Price: UPDC is more volatile than 90% of NG stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: UPDC's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of NG stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a267Odunayo Ojohttps://www.updcplc.com

UACN Property Development Company Plc, together with its subsidiaries, acquires, develops, sells, leases, and manages commercial and residential accommodation and retail space in Nigeria. The company operates through Property Development, Sales & Management; and Hospitality Services segments. It offers commercial and residential properties in the luxury, premium, and classic segments of the real estate market; and manages a hotel that provides services, such as sale of rooms, conference halls, and food and beverage services.

UACN Property Development Fundamentals Summary

How do UACN Property Development's earnings and revenue compare to its market cap?
UPDC fundamental statistics
Market Cap₦34.34b
Earnings (TTM)-₦41.02m
Revenue (TTM)₦1.50b

23.0x

P/S Ratio

-837.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UPDC income statement (TTM)
Revenue₦1.50b
Cost of Revenue₦1.63b
Gross Profit-₦138.22m
Expenses-₦97.19m
Earnings-₦41.02m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0022
Gross Margin-9.24%
Net Profit Margin-2.74%
Debt/Equity Ratio58.6%

How did UPDC perform over the long term?

See historical performance and comparison

Valuation

Is UACN Property Development undervalued compared to its fair value and its price relative to the market?

3.7x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: UPDC (NGN1.85) is trading above our estimate of fair value (NGN0.8)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: UPDC is overvalued based on its PB Ratio (3.7x) compared to the XF Real Estate industry average (1x).


Future Growth

How is UACN Property Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.9%

Forecasted Real Estate 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 UACN Property Development 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 UACN Property Development performed over the past 5 years?

-38.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UPDC is currently unprofitable.

Growing Profit Margin: UPDC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: UPDC is unprofitable, and losses have increased over the past 5 years at a rate of 38.1% per year.

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

Earnings vs Industry: UPDC is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-0.5%).


Return on Equity

High ROE: UPDC has a negative Return on Equity (-0.058%), as it is currently unprofitable.


Financial Health

How is UACN Property Development's financial position?


Financial Position Analysis

Short Term Liabilities: UPDC's short term assets (NGN19.4B) exceed its short term liabilities (NGN12.7B).

Long Term Liabilities: UPDC's short term assets (NGN19.4B) exceed its long term liabilities (NGN74.6M).


Debt to Equity History and Analysis

Debt Level: UPDC's debt to equity ratio (58.6%) is considered high.

Reducing Debt: UPDC's debt to equity ratio has reduced from 67.4% to 58.6% over the past 5 years.


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: Whilst unprofitable UPDC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: UPDC is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 28% per year.


Dividend

What is UACN Property Development current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

Odunayo Ojo

0.75

Tenure

Mr. Odunayo Ojo serves as Chief Executive Officer and Director at UACN Property Development Company Plc since 2021. He serves as Development Director of Laurus Development Partners Limited. Mr. Ojo has yea...


Leadership Team

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


Board Members

Experienced Board: UPDC's board of directors are not considered experienced ( 1.8 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

UACN Property Development Company Plc's employee growth, exchange listings and data sources


Key Information

  • Name: UACN Property Development Company Plc
  • Ticker: UPDC
  • Exchange: NGSE
  • Founded: NaN
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: ₦34.336b
  • Shares outstanding: 18.56b
  • Website: https://www.updcplc.com

Number of Employees


Location

  • UACN Property Development Company Plc
  • UAC House
  • 1-5 Odunlami Street
  • 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 20:59
End of Day Share Price2021/10/21 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.