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SKYA

Skyway Aviation HandlingNGSE:SKYAVN Stock Report

Market Cap

₦6.0b

7D

0%

1Y

51.9%

Updated

19 Oct, 2021

Data

Company Financials
SKYAVN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends2/6

SKYAVN Overview

Skyway Aviation Handling Company Plc provides aviation ground handling services.

Price History & Performance

Summary of all time highs, changes and price drops for Skyway Aviation Handling
Historical stock prices
Current Share Price₦4.45
52 Week High₦2.65
52 Week Low₦4.45
Beta-0.068
1 Month Change9.88%
3 Month Change40.82%
1 Year Change51.88%
3 Year Changen/a
5 Year Changen/a
Change since IPO-4.30%

Recent News & Updates

Shareholder Returns

SKYAVNNG InfrastructureNG Market
7D0%0.4%0.6%
1Y51.9%31.8%38.8%

Return vs Industry: SKYAVN exceeded the NG Infrastructure industry which returned 31.4% over the past year.

Return vs Market: SKYAVN exceeded the NG Market which returned 38.9% over the past year.

Price Volatility

Is SKYAVN's price volatile compared to industry and market?
SKYAVN volatility
SKYAVN Beta-0.068
Industry Beta0.68
Market Beta1

Stable Share Price: SKYAVN is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SKYAVN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20091,630Basil Agboarumihttps://sahcoplc.com

Skyway Aviation Handling Company Plc provides aviation ground handling services. Its services include aircraft handling, passenger handling, ramp handling, cargo handling, aviation security, baggage reconciliation, ground and flight dispatch, and premium lounge. The company also operates SAHCO Training Academy that offers aviation training courses; and provides equipment rental and maintenance services.

Skyway Aviation Handling Fundamentals Summary

How do Skyway Aviation Handling's earnings and revenue compare to its market cap?
SKYAVN fundamental statistics
Market Cap₦6.02b
Earnings (TTM)₦882.73m
Revenue (TTM)₦8.04b

6.8x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKYAVN income statement (TTM)
Revenue₦8.04b
Cost of Revenue₦4.46b
Gross Profit₦3.59b
Expenses₦2.70b
Earnings₦882.73m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.65
Gross Margin44.58%
Net Profit Margin10.98%
Debt/Equity Ratio1.3%

How did SKYAVN perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

25%

Payout Ratio

Valuation

Is Skyway Aviation Handling undervalued compared to its fair value and its price relative to the market?

32.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SKYAVN (NGN4.45) is trading below our estimate of fair value (NGN6.64)

Significantly Below Fair Value: SKYAVN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SKYAVN is good value based on its PE Ratio (6.8x) compared to the African Infrastructure industry average (10.7x).

PE vs Market: SKYAVN is good value based on its PE Ratio (6.8x) compared to the NG market (7.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SKYAVN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SKYAVN is good value based on its PB Ratio (0.3x) compared to the XF Infrastructure industry average (2.6x).


Future Growth

How is Skyway 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 Skyway 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 Skyway Aviation Handling performed over the past 5 years?

14.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SKYAVN has high quality earnings.

Growing Profit Margin: SKYAVN's current net profit margins (11%) are higher than last year (1.5%).


Past Earnings Growth Analysis

Earnings Trend: SKYAVN's earnings have grown by 14.5% per year over the past 5 years.

Accelerating Growth: SKYAVN's earnings growth over the past year (691.6%) exceeds its 5-year average (14.5% per year).

Earnings vs Industry: SKYAVN earnings growth over the past year (691.6%) exceeded the Infrastructure industry 0.2%.


Return on Equity

High ROE: SKYAVN's Return on Equity (4.6%) is considered low.


Financial Health

How is Skyway Aviation Handling's financial position?


Financial Position Analysis

Short Term Liabilities: SKYAVN's short term assets (NGN5.1B) exceed its short term liabilities (NGN2.6B).

Long Term Liabilities: SKYAVN's short term assets (NGN5.1B) exceed its long term liabilities (NGN1.5B).


Debt to Equity History and Analysis

Debt Level: SKYAVN's debt to equity ratio (1.3%) is considered satisfactory.

Reducing Debt: SKYAVN's debt to equity ratio has reduced from 22.2% to 1.3% over the past 5 years.

Debt Coverage: SKYAVN's debt is well covered by operating cash flow (841.5%).

Interest Coverage: SKYAVN's interest payments on its debt are well covered by EBIT (28.6x coverage).


Balance Sheet


Dividend

What is Skyway Aviation Handling current dividend yield, its reliability and sustainability?

3.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SKYAVN's dividend (3.71%) is higher than the bottom 25% of dividend payers in the NG market (3.25%).

High Dividend: SKYAVN's dividend (3.71%) is low compared to the top 25% of dividend payers in the NG market (7.24%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SKYAVN has been paying a dividend for less than 10 years.

Growing Dividend: SKYAVN has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.3%), SKYAVN'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?

3.1yrs

Average board tenure


CEO

Basil Agboarumi

no data

Tenure

Mr. Basil Udukhokhe Agboarumi serves as Managing Director and CEO of Skyway Aviation Handling Company Ltd. and serves as its Director since September 18, 2018. He served as General Manager of Corporate Com...


Board Members

Experienced Board: SKYAVN'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

Skyway Aviation Handling Company Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Skyway Aviation Handling Company Plc
  • Ticker: SKYAVN
  • Exchange: NGSE
  • Founded: 2009
  • Industry: Airport Services
  • Sector: Transportation
  • Market Cap: ₦6.023b
  • Shares outstanding: 1.35b
  • Website: https://sahcoplc.com

Number of Employees


Location

  • Skyway Aviation Handling Company Plc
  • Skyway Aviation Handling Company Plc. Co
  • Cargo Terminal
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 15:21
End of Day Share Price2021/10/18 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.