| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
NAHCO Overview
Nigerian Aviation Handling Company Plc provides aircraft and cargo handling, passenger handling, and other related services in Nigeria.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦3.60 |
| 52 Week High | ₦2.00 |
| 52 Week Low | ₦3.70 |
| Beta | -0.24 |
| 1 Month Change | 18.42% |
| 3 Month Change | 59.29% |
| 1 Year Change | 68.22% |
| 3 Year Change | 9.09% |
| 5 Year Change | 28.11% |
| Change since IPO | -20.64% |
Recent News & Updates
Shareholder Returns
| NAHCO | NG Infrastructure | NG Market | |
|---|---|---|---|
| 7D | 0% | 0.4% | 0.6% |
| 1Y | 68.2% | 31.8% | 38.8% |
Return vs Industry: NAHCO exceeded the NG Infrastructure industry which returned 31.4% over the past year.
Return vs Market: NAHCO exceeded the NG Market which returned 38.9% over the past year.
Price Volatility
| NAHCO volatility | |
|---|---|
| NAHCO Beta | -0.24 |
| Industry Beta | 0.68 |
| Market Beta | 1 |
Stable Share Price: NAHCO is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NAHCO's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1979 | 1,508 | Olatokunbo Fagbemi | https://www.nahcoaviance.com |
Nigerian Aviation Handling Company Plc provides aircraft and cargo handling, passenger handling, and other related services in Nigeria. The company offers aircraft handling services, including general air traffic, baggage, flight dispatch, and aircraft cleaning services; and passenger profiling, such as access control, passenger interviewing/screening, travel document verification, baggage screening, and baggage reconciliation services. It also offers crew transportation, aviation training, and fueling services; and leases ground handling equipment.
Nigerian Aviation Handling Fundamentals Summary
| NAHCO fundamental statistics | |
|---|---|
| Market Cap | ₦5.85b |
| Earnings (TTM) | ₦934.68m |
| Revenue (TTM) | ₦8.26b |
6.3x
P/E Ratio0.7x
P/S RatioIs NAHCO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NAHCO income statement (TTM) | |
|---|---|
| Revenue | ₦8.26b |
| Cost of Revenue | ₦5.16b |
| Gross Profit | ₦3.10b |
| Expenses | ₦2.17b |
| Earnings | ₦934.68m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.58 |
| Gross Margin | 37.54% |
| Net Profit Margin | 11.31% |
| Debt/Equity Ratio | 0% |
How did NAHCO perform over the long term?
See historical performance and comparisonDividends
3.5%
Current Dividend Yield22%
Payout RatioValuation
Is Nigerian Aviation Handling undervalued compared to its fair value and its price relative to the market?
6.26x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NAHCO (NGN3.6) is trading above our estimate of fair value (NGN1.88)
Significantly Below Fair Value: NAHCO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NAHCO is good value based on its PE Ratio (6.3x) compared to the African Infrastructure industry average (10.7x).
PE vs Market: NAHCO is good value based on its PE Ratio (6.3x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NAHCO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NAHCO is good value based on its PB Ratio (0.8x) compared to the XF Infrastructure industry average (2.6x).
Future Growth
How is Nigerian Aviation Handling forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
37.0%
Forecasted Transportation 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 Nigerian Aviation Handling 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 Nigerian Aviation Handling performed over the past 5 years?
-7.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NAHCO has high quality earnings.
Growing Profit Margin: NAHCO's current net profit margins (11.3%) are higher than last year (1.2%).
Past Earnings Growth Analysis
Earnings Trend: NAHCO's earnings have declined by 7.8% per year over the past 5 years.
Accelerating Growth: NAHCO's earnings growth over the past year (813.8%) exceeds its 5-year average (-7.8% per year).
Earnings vs Industry: NAHCO earnings growth over the past year (813.8%) exceeded the Infrastructure industry 0.2%.
Return on Equity
High ROE: NAHCO's Return on Equity (13.7%) is considered low.
Financial Health
How is Nigerian Aviation Handling's financial position?
Financial Position Analysis
Short Term Liabilities: NAHCO's short term assets (NGN6.8B) exceed its short term liabilities (NGN5.7B).
Long Term Liabilities: NAHCO's short term assets (NGN6.8B) exceed its long term liabilities (NGN2.1B).
Debt to Equity History and Analysis
Debt Level: NAHCO is debt free.
Reducing Debt: NAHCO has no debt compared to 5 years ago when its debt to equity ratio was 60.9%.
Debt Coverage: NAHCO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NAHCO has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Nigerian Aviation Handling current dividend yield, its reliability and sustainability?
3.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NAHCO's dividend (3.47%) is higher than the bottom 25% of dividend payers in the NG market (3.25%).
High Dividend: NAHCO's dividend (3.47%) is low compared to the top 25% of dividend payers in the NG market (7.24%).
Stability and Growth of Payments
Stable Dividend: NAHCO's dividend payments have been volatile in the past 10 years.
Growing Dividend: NAHCO's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.7%), NAHCO'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?
2.8yrs
Average management tenure
CEO
Olatokunbo Fagbemi
2.83yrs
Tenure
Ms. Olatokunbo A. Fagbemi is Director at Nigerian Aviation Handling Company Plc since August 2018 and serves its Group Managing Director and Chief Executive Officer since December 2018. Mrs. Olatokunbo A....
Leadership Team
Experienced Management: NAHCO's management team is considered experienced (2.8 years average tenure).
Board Members
Experienced Board: NAHCO's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
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
Nigerian Aviation Handling Company Plc's employee growth, exchange listings and data sources
Key Information
- Name: Nigerian Aviation Handling Company Plc
- Ticker: NAHCO
- Exchange: NGSE
- Founded: 1979
- Industry: Airport Services
- Sector: Transportation
- Market Cap: ₦5.847b
- Shares outstanding: 1.62b
- Website: https://www.nahcoaviance.com
Number of Employees
Location
- Nigerian Aviation Handling Company Plc
- Nahco Aviance House
- Murtala Muhammed International Airport
- Lagos
- Nigeria
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/19 15:21 |
| End of Day Share Price | 2021/10/18 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.