NGSE:AFRIPRUD

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

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.


Market Performance


7 Day Return

6.3%

AFRIPRUD

10.9%

NG IT

7.6%

NG Market


1 Year Return

52.1%

AFRIPRUD

81.6%

NG IT

12.3%

NG Market

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.


Shareholder returns

AFRIPRUDIndustryMarket
7 Day6.3%10.9%7.6%
30 Day25.3%14.5%15.0%
90 Day45.7%41.6%24.4%
1 Year78.7%52.1%86.5%81.6%22.4%12.3%
3 Year125.2%56.9%-51.7%-53.8%-21.0%-33.9%
5 Year328.2%129.6%-59.2%-62.5%6.5%-17.9%

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

Valuation

Is Africa Prudential undervalued compared to its fair value and its price relative to the market?

7.43x

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.


Next Steps

Future Growth

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

23.3%

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.


Next Steps

Past Performance

How has Africa Prudential performed over the past 5 years?

8.0%

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.


Next Steps

Financial Health

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.


Balance Sheet


Next Steps

Dividend

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

11.86%

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.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Obong Idiong

2.75yrs

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

NamePositionTenureCompensationOwnership
Obong Idiong
MD, CEO & Director2.75yrsno data0.093%
NGN 11.0m
Olufemi Adenuga
Chief Finance Officerno datano datano data
Catherine Nwosu
Chief Operations Officerno datano datano data
Opeyemi Onifade
Head of Cooperative Business5.25yrsno datano data
David Ubaka
Head of Audit & Controlno datano datano data
Ivy Ikpeme-Mbakwem
Chief Experience Officerno datano datano data
Yemisi Otasanya
Head of Project Management Office0.75yrno datano data
Idris Oko-osi
Head of Enterprise Risk Management0.75yrno datano data
Osahon Elaiho
Head of Engineering0.75yrno datano data
Gabriel Fapojuwo
Head of Research & Development0.75yrno datano data
Joseph Jibunoh
Company Secretary & Legal Adviser2.75yrsno datano data

0.8yrs

Average Tenure

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


Board Members

NamePositionTenureCompensationOwnership
Obong Idiong
MD, CEO & Director2.75yrsno data0.093%
NGN 11.0m
Emmanuel Nnorom
Non-Executive Director2.75yrsno data0.53%
NGN 62.3m
Eniola Fadayomi
Chairman8.42yrsno data0.20%
NGN 23.6m
Peter Ashade
Non-Executive Directorno datano data0.14%
NGN 16.0m
Ammuna Ali
Non-Executive Independent Director8.42yrsno datano data
Samuel Nwanze
Non Executive Director8.42yrsno data0.0042%
NGN 489.7k
Peter Elumelu
Non Executive Director7.58yrsno data0.00069%
NGN 81.4k
Funmibi Chima
Independent Directorno datano datano data

8.0yrs

Average Tenure

Experienced Board: AFRIPRUD's board of directors are considered experienced (7.6 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 company bio, 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: ₦11.800b
  • Shares outstanding: 2.00b
  • Website: https://www.africaprudential.com

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AFRIPRUDNGSE (Nigerian Stock Exchange)YesOrdinary SharesNGNGNJan 2013

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 16:39
End of Day Share Price2020/10/30 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.