Africa Prudential Plc provides share registration services to public and private companies in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦6.80|
|52 Week High||₦4.90|
|52 Week Low||₦7.35|
|1 Month Change||5.43%|
|3 Month Change||-1.45%|
|1 Year Change||22.52%|
|3 Year Change||71.29%|
|5 Year Change||166.67%|
|Change since IPO||304.76%|
Recent News & Updates
|AFRIPRUD||NG IT||NG Market|
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.
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
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
|AFRIPRUD fundamental statistics|
Is AFRIPRUD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AFRIPRUD income statement (TTM)|
|Cost of Revenue||₦608.28m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.60|
|Net Profit Margin||120.74%|
How did AFRIPRUD perform over the long term?See historical performance and comparison
7.4%Current Dividend Yield
Is Africa Prudential undervalued compared to its fair value and its price relative to the market?
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).
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.
How has Africa Prudential performed over the past 5 years?
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.
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.
What is Africa Prudential current dividend yield, its reliability and sustainability?
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.
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....
Experienced Management: AFRIPRUD's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: AFRIPRUD's board of directors are considered experienced (3.8 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 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: ₦13.600b
- Shares outstanding: 2.00b
- Website: https://africaprudential.com
- Africa Prudential Plc
- 220B, Ikorodu Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/23 15:20|
|End of Day Share Price||2021/10/22 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.