company background image
AFRI

Africa PrudentialNGSE:AFRIPRUD Stock Report

Market Cap

₦13.6b

7D

2.3%

1Y

22.5%

Updated

23 Oct, 2021

Data

Company Financials
AFRIPRUD fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

AFRIPRUD Overview

Africa Prudential Plc provides share registration services to public and private companies in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for Africa Prudential
Historical stock prices
Current Share Price₦6.80
52 Week High₦4.90
52 Week Low₦7.35
Beta0.37
1 Month Change5.43%
3 Month Change-1.45%
1 Year Change22.52%
3 Year Change71.29%
5 Year Change166.67%
Change since IPO304.76%

Recent News & Updates

Shareholder Returns

AFRIPRUDNG ITNG Market
7D2.3%-0.7%0.7%
1Y22.5%-17.1%40.9%

Return vs Industry: AFRIPRUD exceeded the NG IT industry which returned -17.1% over the past year.

Return vs Market: AFRIPRUD underperformed the NG Market which returned 40.7% over the past year.

Price Volatility

Is AFRIPRUD's price volatile compared to industry and market?
AFRIPRUD volatility
AFRIPRUD Beta0.37
Industry Beta0.55
Market Beta1

Stable Share Price: AFRIPRUD is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: AFRIPRUD's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1970n/aObong Idionghttps://africaprudential.com

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 issue, bond issue, mutual funds, private placements, equity registers, and mergers and acquisitions. The company offers personal registrar, register maintenance, probate, and secretarial consultancy services.

Africa Prudential Fundamentals Summary

How do Africa Prudential's earnings and revenue compare to its market cap?
AFRIPRUD fundamental statistics
Market Cap₦13.60b
Earnings (TTM)₦1.19b
Revenue (TTM)₦986.26m

11.4x

P/E Ratio

13.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AFRIPRUD income statement (TTM)
Revenue₦986.26m
Cost of Revenue₦608.28m
Gross Profit₦377.98m
Expenses-₦812.80m
Earnings₦1.19b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.60
Gross Margin38.32%
Net Profit Margin120.74%
Debt/Equity Ratio0%

How did AFRIPRUD perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

84%

Payout Ratio

Valuation

Is Africa Prudential 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: AFRIPRUD (NGN6.8) is trading below our estimate of fair value (NGN2668.23)

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


Price To Earnings Ratio

PE vs Industry: AFRIPRUD is good value based on its PE Ratio (11.4x) compared to the African IT industry average (17.8x).

PE vs Market: AFRIPRUD is poor value based on its PE Ratio (11.4x) compared to the NG market (7.4x).


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 is good value based on its PB Ratio (1.7x) compared to the XF IT industry average (1.9x).


Future Growth

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

18.2%

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.


Past Performance

How has Africa Prudential performed over the past 5 years?

4.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AFRIPRUD has high quality earnings.

Growing Profit Margin: AFRIPRUD's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: AFRIPRUD's earnings have grown by 4.4% 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 (-33.2%) over the past year, making it difficult to compare to the IT industry average (8.8%).


Return on Equity

High ROE: AFRIPRUD's Return on Equity (14.6%) is considered low.


Financial Health

How is Africa Prudential's financial position?


Financial Position Analysis

Short Term Liabilities: AFRIPRUD's short term assets (NGN75.3B) do not cover its short term liabilities (NGN80.7B).

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.


Balance Sheet


Dividend

What is Africa Prudential current dividend yield, its reliability and sustainability?

7.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AFRIPRUD's dividend (7.35%) is higher than the bottom 25% of dividend payers in the NG market (3.28%).

High Dividend: AFRIPRUD's dividend (7.35%) is in the top 25% of dividend payers in the NG market (7.34%)


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 8 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (84%), 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.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Obong Idiong

3.75yrs

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....


Leadership Team

Experienced Management: AFRIPRUD's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: AFRIPRUD's board of directors are considered experienced (3.8 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

Africa Prudential Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Africa Prudential Plc
  • Ticker: AFRIPRUD
  • Exchange: NGSE
  • Founded: 1970
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: ₦13.600b
  • Shares outstanding: 2.00b
  • Website: https://africaprudential.com

Location

  • Africa Prudential Plc
  • 220B, Ikorodu Road
  • Palmgrove
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 15:20
End of Day Share Price2021/10/22 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.