Africa Prudential Plc provides share registration services to public and private companies in Nigeria. More Details
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Excellent balance sheet second-rate dividend payer.
Share Price & News
How has Africa Prudential's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AFRIPRUD's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AFRIPRUD underperformed the NG IT industry which returned 79.5% over the past year.
Return vs Market: AFRIPRUD exceeded the NG Market which returned 7.8% over the past year.
Price Volatility Vs. Market
How volatile is Africa Prudential's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Africa Prudential undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AFRIPRUD (NGN6) is trading above our estimate of fair value (NGN3.73)
Significantly Below Fair Value: AFRIPRUD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AFRIPRUD is good value based on its PE Ratio (7.6x) compared to the XF IT industry average (11x).
PE vs Market: AFRIPRUD is poor value based on its PE Ratio (7.6x) compared to the NG market (6.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AFRIPRUD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AFRIPRUD's PB Ratio (1.5x) is in line with the XF IT industry average.
How is Africa Prudential forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Software 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 Africa Prudential 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.
- Examine Africa Prudential's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Software industry.
How has Africa Prudential performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFRIPRUD has a high level of non-cash earnings.
Growing Profit Margin: AFRIPRUD's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: AFRIPRUD's earnings have grown by 8% per year over the past 5 years.
Accelerating Growth: AFRIPRUD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AFRIPRUD had negative earnings growth (-24.5%) over the past year, making it difficult to compare to the IT industry average (17.3%).
Return on Equity
High ROE: AFRIPRUD's Return on Equity (19.2%) is considered low.
How is Africa Prudential's financial position?
Financial Position Analysis
Short Term Liabilities: AFRIPRUD's short term assets (NGN1.8B) do not cover its short term liabilities (NGN11.1B).
Long Term Liabilities: AFRIPRUD has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AFRIPRUD is debt free.
Reducing Debt: AFRIPRUD had no debt 5 years ago.
Debt Coverage: AFRIPRUD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AFRIPRUD has no debt, therefore coverage of interest payments is not a concern.
What is Africa Prudential current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AFRIPRUD's dividend (11.67%) is higher than the bottom 25% of dividend payers in the NG market (3.87%).
High Dividend: AFRIPRUD's dividend (11.67%) is in the top 25% of dividend payers in the NG market (10.36%)
Stability and Growth of Payments
Stable Dividend: AFRIPRUD has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: AFRIPRUD's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (88.1%), AFRIPRUD'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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Obong Idiong is Managing Director, Director & CEO at Africa Prudential Plc since 2018. Prior to joining Africa Prudential, Mr. Idiong was the Company Secretary/Legal Adviser of Afriland Properties Plc. ...
|MD, CEO & Director||2.75yrs||no data||0.093% |
|Chief Finance Officer||no data||no data||no data|
|Chief Operations Officer||no data||no data||no data|
|Head of Cooperative Business||5.25yrs||no data||no data|
|Head of Audit & Control||no data||no data||no data|
|Chief Experience Officer||no data||no data||no data|
|Head of Project Management Office||0.75yr||no data||no data|
|Head of Enterprise Risk Management||0.75yr||no data||no data|
|Head of Engineering||0.75yr||no data||no data|
|Head of Research & Development||0.75yr||no data||no data|
|Company Secretary & Legal Adviser||2.75yrs||no data||no data|
Experienced Management: AFRIPRUD's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
|MD, CEO & Director||2.75yrs||no data||0.093% |
|Non-Executive Director||2.75yrs||no data||0.53% |
|Chairman||8.42yrs||no data||0.20% |
|Non-Executive Director||no data||no data||0.14% |
|Non-Executive Independent Director||8.42yrs||no data||no data|
|Non Executive Director||8.42yrs||no data||0.0042% |
|Non Executive Director||7.58yrs||no data||0.00069% |
|Independent Director||no data||no data||no data|
Experienced Board: AFRIPRUD's board of directors are considered experienced (7.6 years average tenure).
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.
Africa Prudential Plc's company bio, employee growth, exchange listings and data sources
- Name: Africa Prudential Plc
- Ticker: AFRIPRUD
- Exchange: NGSE
- Founded: 1970
- Industry: Data Processing and Outsourced Services
- Sector: Software
- Market Cap: ₦11.800b
- Shares outstanding: 2.00b
- Website: https://www.africaprudential.com
- Africa Prudential Plc
- 220B, Ikorodu Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AFRIPRUD||NGSE (Nigerian Stock Exchange)||Yes||Ordinary Shares||NG||NGN||Jan 2013|
Africa Prudential Plc provides share registration services to public and private companies in Nigeria. It participates in various capital transactions, including public offers, bond transactions, rights is ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/31 16:39|
|End of Day Share Price||2020/10/30 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.