Courteville Business Solutions Plc offers business solutions and other e-commerce services in Nigeria, Sierra-Leone, Kenya, Guinea, and Jamaica.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦0.41|
|52 Week High||₦0.20|
|52 Week Low||₦0.44|
|1 Month Change||36.67%|
|3 Month Change||86.36%|
|1 Year Change||105.00%|
|3 Year Change||105.00%|
|5 Year Change||-18.00%|
|Change since IPO||-79.57%|
Recent News & Updates
|COURTVILLE||NG Software||NG Market|
Return vs Industry: COURTVILLE exceeded the NG Software industry which returned 32.6% over the past year.
Return vs Market: COURTVILLE exceeded the NG Market which returned 40.1% over the past year.
Stable Share Price: COURTVILLE is more volatile than 90% of NG stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: COURTVILLE's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
Courteville Business Solutions Plc offers business solutions and other e-commerce services in Nigeria, Sierra-Leone, Kenya, Guinea, and Jamaica. It operates through two segments, e-Commerce and Motor Vehicle Administration Documentation (MVAD). The company offers AutoReg MVAD comprising AutoReg Vehicle License, which is used in the automation of the vehicle license registration process and renewal system by vehicle owners; AutoReg Inspector, a remote verification tool for law enforcement agents to authenticate various types of vehicle documentations and information provided by individuals; AutoInsure, a marketing platform for insurance houses to sell insurance policies; AutoReg Road Worthiness, a document for certifying that a vehicle is road-worthy and can be driven on the road for a stated period of time; and AutoReg Vehicle Test, which is an inspection fee receipt of the tax paid to the government for verification of vehicle’s road-worthiness, as well as AutoReg Hackney Permit.
Courteville Business Solutions Fundamentals Summary
|COURTVILLE fundamental statistics|
Is COURTVILLE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|COURTVILLE income statement (TTM)|
|Cost of Revenue||₦753.91m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.084|
|Net Profit Margin||15.08%|
How did COURTVILLE perform over the long term?See historical performance and comparison
7.3%Current Dividend Yield
Is Courteville Business Solutions 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: COURTVILLE (NGN0.41) is trading below our estimate of fair value (NGN1.79)
Significantly Below Fair Value: COURTVILLE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: COURTVILLE is good value based on its PE Ratio (4.9x) compared to the African Software industry average (11.9x).
PE vs Market: COURTVILLE is good value based on its PE Ratio (4.9x) compared to the NG market (7.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate COURTVILLE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: COURTVILLE is good value based on its PB Ratio (0.4x) compared to the XF Software industry average (1.2x).
How is Courteville Business Solutions 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 Courteville Business Solutions 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 Courteville Business Solutions performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COURTVILLE has high quality earnings.
Growing Profit Margin: COURTVILLE's current net profit margins (15.1%) are higher than last year (4.5%).
Past Earnings Growth Analysis
Earnings Trend: COURTVILLE has become profitable over the past 5 years, growing earnings by 49.6% per year.
Accelerating Growth: COURTVILLE's earnings growth over the past year (231.8%) exceeds its 5-year average (49.6% per year).
Earnings vs Industry: COURTVILLE earnings growth over the past year (231.8%) exceeded the Software industry 13.7%.
Return on Equity
High ROE: COURTVILLE's Return on Equity (8.2%) is considered low.
How is Courteville Business Solutions's financial position?
Financial Position Analysis
Short Term Liabilities: COURTVILLE's short term assets (NGN1.5B) exceed its short term liabilities (NGN984.1M).
Long Term Liabilities: COURTVILLE's short term assets (NGN1.5B) exceed its long term liabilities (NGN138.6M).
Debt to Equity History and Analysis
Debt Level: COURTVILLE's debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: COURTVILLE's debt to equity ratio has reduced from 13.5% to 1.1% over the past 5 years.
Debt Coverage: COURTVILLE's debt is well covered by operating cash flow (2509.5%).
Interest Coverage: COURTVILLE earns more interest than it pays, so coverage of interest payments is not a concern.
What is Courteville Business Solutions's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: COURTVILLE's dividend (7.32%) is higher than the bottom 25% of dividend payers in the NG market (3.3%).
High Dividend: COURTVILLE's dividend (7.32%) is in the top 25% of dividend payers in the NG market (7.31%)
Stability and Growth of Payments
Stable Dividend: COURTVILLE has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: COURTVILLE has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.7%), COURTVILLE's dividend payments are well 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
Adebola Akindele (58 yo)
Dr. Adebola Akindele, B.Agric, FCA, MBF serves as Chief Executive officer and Group Managing Director of Courteville Business Solutions Plc (a/k/a, Courtville Investments Plc). Dr. Akindele has extensive b...
Experienced Management: COURTVILLE's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Experienced Board: COURTVILLE's board of directors are considered experienced (3.1 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.
Courteville Business Solutions Plc's employee growth, exchange listings and data sources
- Name: Courteville Business Solutions Plc
- Ticker: COURTVILLE
- Exchange: NGSE
- Founded: 2005
- Industry: Application Software
- Sector: Software
- Market Cap: ₦1.456b
- Shares outstanding: 3.55b
- Website: https://www.courtevillegroup.com
Number of Employees
- Courteville Business Solutions Plc
- 38 Commercial Avenue
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 15:20|
|End of Day Share Price||2021/10/15 00:00|