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COUR

Courteville Business SolutionsNGSE:COURTVILLE Stock Report

Market Cap

₦1.5b

7D

0%

1Y

105.0%

Updated

16 Oct, 2021

Data

Company Financials
COURTVILLE fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

COURTVILLE Overview

Courteville Business Solutions Plc offers business solutions and other e-commerce services in Nigeria, Sierra-Leone, Kenya, Guinea, and Jamaica.

Price History & Performance

Summary of all time highs, changes and price drops for Courteville Business Solutions
Historical stock prices
Current Share Price₦0.41
52 Week High₦0.20
52 Week Low₦0.44
Beta0.12
1 Month Change36.67%
3 Month Change86.36%
1 Year Change105.00%
3 Year Change105.00%
5 Year Change-18.00%
Change since IPO-79.57%

Recent News & Updates

Shareholder Returns

COURTVILLENG SoftwareNG Market
7D0%-0.9%1.6%
1Y105.0%32.6%40.1%

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.

Price Volatility

Is COURTVILLE's price volatile compared to industry and market?
COURTVILLE volatility
COURTVILLE Beta0.12
Industry Beta0.48
Market Beta1

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

FoundedEmployeesCEOWebsite
2005129Adebola Akindelehttps://www.courtevillegroup.com

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

How do Courteville Business Solutions's earnings and revenue compare to its market cap?
COURTVILLE fundamental statistics
Market Cap₦1.46b
Earnings (TTM)₦298.24m
Revenue (TTM)₦1.98b

4.9x

P/E Ratio

0.7x

P/S Ratio

Is COURTVILLE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
COURTVILLE income statement (TTM)
Revenue₦1.98b
Cost of Revenue₦753.91m
Gross Profit₦1.22b
Expenses₦925.65m
Earnings₦298.24m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.084
Gross Margin61.88%
Net Profit Margin15.08%
Debt/Equity Ratio1.1%

How did COURTVILLE perform over the long term?

See historical performance and comparison

Dividends

7.3%

Current Dividend Yield

36%

Payout Ratio

Valuation

Is Courteville Business Solutions 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: 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).


Future Growth

How is Courteville Business Solutions forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.8%

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.


Past Performance

How has Courteville Business Solutions performed over the past 5 years?

49.6%

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.


Financial Health

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.


Balance Sheet


Dividend

What is Courteville Business Solutions's current dividend yield, its reliability and sustainability?

7.32%

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.


Next Steps

Management

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

0.5yrs

Average management tenure


CEO

Adebola Akindele (58 yo)

no data

Tenure

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...


Leadership Team

Experienced Management: COURTVILLE's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: COURTVILLE's board of directors are considered experienced (3.1 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

Courteville Business Solutions Plc's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Courteville Business Solutions Plc
  • 38 Commercial Avenue
  • Sabo
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 15:20
End of Day Share Price2021/10/15 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.