Stan2330:

My criticism is Earnings per share can be influenced by share outstanding. A company without income might use debt to buy back share thereby giving us a false increase in earning per share.. or a company with good income might increase share outstanding give a false decrease in earning per share

It is what you can do yourself, use the most recent outstanding shares to calculate the EPS by dividing the profit after tax in the past 5 years by the recent shares outstanding .


Another way is to use a normalized EPS. You get the average profit after tax over the last 5 years, then get the average equity or shareholders fund over the last 5 years.


Divide the average Profit after tax by the average equity and multiply by 100, this will give you the average return on equity in the past year. You will multiply the average return on equity by the net asset per share to get normalized EPS .


Dangote Sugar

Recent EPS N4.51
Normalized EPS N3.71
Average EPS N2.37



NASCON

Recent EPS N2.06
Normalized EPS N1.79
Average EPS N1.30

emmanuelewumi:
Earning Growth analysis of some of the businesses that recently released their 2022 results.


One of the way to grow wealth through the stock market is to invest in businesses that are consistently growing their earnings and the return on invested capital is higher than their Weighed Average Cost of Capital.


In my analysis I looked at the 5 years compounded annual earning growth rate, 3 years compounded annual growth rate, year on Year growth, average 5 years EPS and the percentage difference between the average 5year EPS and the current EPS.


Dangote Sugar

5yr CAGR 24.9%
3yr CAGR 59.6%
YoY 145%

5y average EPS N2.37k
Current EPS N4.51
Diff between current EPS and average EPS 90%



Dangote cement

5yr CAGR 11.5%
3yr CAGR 7.4%
YoY 6.5%

5yrs average EPS N20.6
Current EPS N23.87
Different between current EPS and the average EPS 15%.
Pls note that yr1 EPS of Dangote cement was adjusted for tax credit or pioneer status waivers


BUA
5yr CAGR 12.1%
3yr CAGR 18%
YoY 12%
5 years average EPS N2.28k
Current EPS N2.98k
Difference between the current EPS and the average EPS is 30%


Lafarge Africa

3 years CAGR 30%
YoY 5%
3 years average EPS N2.00
Current EPS N3.33k
Difference between the current EPS and average EPS is 66%.
Please note the analysis was done for Lafarge over a period of 3 years after the business was turned around.


Vitafoam

5 years CAGR 49.5%
3yr CAGR 13.7%
YoY : Flat
5yr average EPS N2.28k
Current EPS N3.53k
Difference between the current EPS and average EPS 53%


MTN

5yr CAGR 25.5%
3yr CAGR 32.7%
YoY 21%
5yr average EPS N11.90k
Current EPS N17.80k
Difference between the current EPS and the average EPS 49%

Nigeria Brewery
5yr CAGR (8%)
3yr CAGR 35%
YoY 4.3%
5yr average EPS N1.73k
Current EPS N1.68k
Difference between the current EPS and average EPS (4%)
Note that earnings retrogressed in Nigeria Brewery in the last 5 years, the current EPS is 4% less than its average 5yrs EPS


United Capital

5yr CAGR 30%
3yr CAGR 28.6%
YoY (14%)
5 yr average EPS N1.50k
Difference between the current EPS and the average EPS 43%



Nestle
5yr CAGR 5%
3 yr CAGR 11.7%
YoY 22.3%
5yr average EPS N54.70k
Current EPS N61.80k
Difference between the current EPS and the average EPS 13%


NASCON

5yr CAGR 6%
3yr CAGR 42%
YoY 89%
5yr average EPS N1.30k
Current EPS N2.06k
Difference between the current EPS and the average EPS 59%.


This is just an earning growth analysis, you need to carry out your financial health/earning quality analysis, value creation analysis of the businessess before making a decision

Where is that guy looking for stock recommendations

Food don done o. Told you that once belle don full, you will be fed

GANDALF1:


Where is that guy looking for stock recommendations

Food don done o. Told you that once belle don full, you will be fed

Lol. Thats not really recommendation.

Weldone o! Thread Chieffs. Where do I even start from? I'm very interested in stock trading and the NSE but the way I de see am, Na Italian una de speak o! help me o! where do i even begin?! Telegram or WhatsApp group link or any material to help me out, I'll be very grateful

GANDALF1:


Where is that guy looking for stock recommendations

Food don done o. Told you that once belle don full, you will be fed

Not a recommendation but an analysis of the earning growth of some of the businesses that just released their 2022 financial report

Subsaharan:
Weldone o! Thread Chieffs. We do I even start from? I'm very interested in stock trading and the NSE but the way I de see am, Na Italian u a de speak o! help me o! where do i even begin?! Telegram or WhatsApp group link or any material to help me out, I'll be very grateful

Listening to this podcast is a good place to start...

Start from the first episode and build your knowledge gradually. Also look for good books about investing and devour them.

I hope this helps...

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw?ep=14

DrAwo:


Listening to this podcast is a good place to start...

Start from the first episode and build your knowledge gradually. Also look for good books about investing and devour them.

I hope this helps...

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw?ep=14

Thank you very much Dr. I will continue to follow this thread maybe I will learn a thing or two.

I hope to build on my knowledge over time, I'll be in the background reading all the comments

Good Afternoon All,

Please stanbic dividend came in various deposits.

Can anyone please tell me why or if I missed something

Good afternoon,
Someone shared this http://sec.gov.ng/non-mandated/ (God bless that soul and Deruggedprof). So i and my colleague that has apathy for anything stock cos past experience checked and she has Fidelity and universal ins.
My question is apart from filling E-Mandate and taking to her bank any other requirements? Is there a way of knowing the amount of each stock and if its what the stress?
Thanks and God bless all those that keep here active.

Kereokwu:
Good afternoon,
Someone shared this http://sec.gov.ng/non-mandated/ (God bless that soul and Deruggedprof). So i and my colleague that has apathy for anything stock cos past experience checked and she has Fidelity and universal ins.
My question is apart from filling E-Mandate and taking to her bank any other requirements? Is there a way of knowing the amount of each stock and if its what the stress?
Thanks and God bless all those that keep here active.

To know the quantity of the shares, she will need to visit the registrar in charge of the company. For fidelity, the registrar is First Registrars 2, Abebe village road, Iganmu, Lagos.
Currently, fidelity is N5.27 as of the close of the market today so the value will depend on the quantity she has.
For Universal insurance, I doubt if the value will be worth the stress even if there is a buyer at the lowest market price.

This delay in filling GTCO AFS is starting to look suspicious
https://doclib.ngxgroup.com/Financial_NewsDocs/GTCO_PUBLICATION_OF_THE_AUDITED_FINANCIAL_STATEMENTS_FOR_THE_YEAR_ENDED_DECEMBER_31_2022.pdf

ositadima1:
While browsing, I stumbled upon "The Ponzi Factor," a book whose author argues that, apart from dividend-paying stocks, the stock market operates like a Ponzi scheme. According to the author, when it comes to stocks that don't pay dividends, investors purchase them with the hope of selling them at a higher price to someone else, and the market requires a steady stream of new investors to sustain profits for existing investors. The book made some compelling points, and I recommend giving it a read as it's a concise read.

It sparked a different thought in me: If I had invested 15 million in UCAP in 2020, I would be receiving nearly 700k+ per month in dividends, which is similar to what Shell SPDC contract office workers in Port Harcourt earn each month. This translates to a passive 57% return on initial investment.

Someone actually said, Stock Exchange is legalized Ponzi

db15:
Good Afternoon All,

Please stanbic dividend came in various deposits.

Can anyone please tell me why or if I missed something

This must be dividends you were owed from previous year/s. Did you recently fill out the e-mandate?

Current dividend will not be paid until late May

Many thanks.

I looked at the alerts again and I saw div 8, div 16, div 19 and div 14 in the different alerts.

I didn't just recently fill the e-mandate.

Or could they have miscalculated before?

Summary of 2022 financial performance of NASCON.


Date: 18th March 2023

Mkt price: N12.20k
Mkt cap: 32.3 billion
Enterprise value 25.8 billion


Revenue: 59 billion
Equity 19 billion
Outstanding shares 2.65 billion
EPS N2.06

5 years average EPS: N1.30k

Return On Equity: 27.9%
5 years average ROE: 24.9%
Normalized EPS using average ROE: N1.79k

Book value per share: N7.17k


Total Asset 55.5 billion
Current Asset 39 billion
Current liability 30 billion
Working capital 9 billion
Cash 13 billion


5% of Revenue: approximately 3billion
Excess cash 10 billion

OCF 3.5 billion
FCF 2.6 billion




Profit margin 9.3%

Gross Profit 24.5 billion
Operating Profit 8.6 billion
PAT 5.5 billion
EBIT 9 billion
EBITDA 11.3 billion


Capital employed 25.5 billion

Invested Capital 15.5 billion
Net cash 3.5 billion


Gross profit/Total Asset 44%

Quick ratio 43%


Cash Flow Return On Investment 13.7%
Cash Return On invested capital 16.8%
Return On Capital Employed 35.3%
Return On invested capital 38.8%


EV/FCF 9.9
EV/EBIT 2.87
EV/EBITDA 2.3
EV/Sales 0.44


EBITDA/Market cap yield 35%

5 yr earning CAGR 6%
3 yr earning CAGR 42%
Year on Year earning growth 89%


PE ratio 6.

Price/average 5 yr earning ratio 9.4


Dividend yield+ 5yr CAGR/ P(E) 5yr = 1.5

I will always throw away salute for you!
what is the best entry price range?

emmanuelewumi:
Summary of 2022 financial performance of NASCON.


Date: 18th March 2023

Mkt price: N12.20k
Mkt cap: 32.3 billion
Enterprise value 25.8 billion


Revenue: 59 billion
Equity 19 billion
Outstanding shares 2.65 billion
EPS N2.06

5 years average EPS: N1.30k

Return On Equity: 27.9%
5 years average ROE: 24.9%
Normalized EPS using average ROE: N1.79k

Book value per share: N7.17k


Total Asset 55.5 billion
Current Asset 39 billion
Current liability 30 billion
Working capital 9 billion
Cash 13 billion


5% of Revenue: approximately 3billion
Excess cash 10 billion

OCF 3.5 billion
FCF 2.6 billion




Profit margin 9.3%

Gross Profit 24.5 billion
Operating Profit 8.6 billion
PAT 5.5 billion
EBIT 9 billion
EBITDA 11.3 billion


Capital employed 25.5 billion

Invested Capital 15.5 billion
Net cash 3.5 billion


Gross profit/Total Asset 44%

Quick ratio 43%


Cash Flow Return On Investment 13.7%
Cash Return On invested capital 16.8%
Return On Capital Employed 35.3%
Return On invested capital 38.8%


EV/FCF 9.9
EV/EBIT 2.87
EV/EBITDA 2.3
EV/Sales 0.44


EBITDA/Market cap yield 35%

5 yr earning CAGR 6%
3 yr earning CAGR 42%
Year on Year earning growth 89%


PE ratio 6.

Price/average 5 yr earning ratio 9.4


Dividend yield+ 5yr CAGR/ P(E) 5yr = 1.5

emmanuelewumi:
Summary of 2022 financial performance of NASCON.


Date: 18th March 2023

Mkt price: N12.20k
Mkt cap: 32.3 billion
Enterprise value 25.8 billion


Revenue: 59 billion
Equity 19 billion
Outstanding shares 2.65 billion
EPS N2.06

5 years average EPS: N1.30k

Return On Equity: 27.9%
5 years average ROE: 24.9%
Normalized EPS using average ROE: N1.79k

Book value per share: N7.17k


Total Asset 55.5 billion
Current Asset 39 billion
Current liability 30 billion
Working capital 9 billion
Cash 13 billion


5% of Revenue: approximately 3billion
Excess cash 10 billion

OCF 3.5 billion
FCF 2.6 billion




Profit margin 9.3%

Gross Profit 24.5 billion
Operating Profit 8.6 billion
PAT 5.5 billion
EBIT 9 billion
EBITDA 11.3 billion


Capital employed 25.5 billion

Invested Capital 15.5 billion
Net cash 3.5 billion


Gross profit/Total Asset 44%

Quick ratio 43%


Cash Flow Return On Investment 13.7%
Cash Return On invested capital 16.8%
Return On Capital Employed 35.3%
Return On invested capital 38.8%


EV/FCF 9.9
EV/EBIT 2.87
EV/EBITDA 2.3
EV/Sales 0.44


EBITDA/Market cap yield 35%

5 yr earning CAGR 6%
3 yr earning CAGR 42%
Year on Year earning growth 89%


PE ratio 6.

Price/average 5 yr earning ratio 9.4


Dividend yield+ 5yr CAGR/ P(E) 5yr = 1.5

Thank you very much. Please supply the EV value and the formula for its calculation.

Mfunkynation:
I will always throw away salute for you!
what is the best entry price range?

Not a buy recommendation, but an opportunity to carry out a due diligence on the stock

emmanuelewumi:




Not a buy recommendation, but an opportunity to carry out a due diligence on the stock

I know and understand.
but please kindly provide the range answers to my question.
Thanks

ositadima1:


I have a passion for python, finance and sex . Na so we see am.

Are you into porn?

vacanci:


Are you into porn?

You wan give him contract?

Subsaharan:


Thank you very much Dr. I will continue to follow this thread maybe I will learn a thing or two.

I hope to build on my knowledge over time, I'll be in the background reading all the comments

you will not just learn a thing or two here. Your brain go burst with knowledge. The thread is as long as over 6,900 pages. This one pass normal snake. Na anaconda thread

Agbalowomeri:


You wan give him contract?

I just figured say the way ositadima1 get passion for python and finance, he must have passion for sex as long as he mentioned it.

I have observed him on this thread to be someone with passion for whatever he does. Person wey carry stock matter enter python programming come tell you say he is into sex. What level can that get to if no be porn?

Seplat Sues Co-founder Orjiako, Amaze Limited to Protect Shareholders, Others
https://businesspost.ng/economy/seplat-sues-co-founder-orjiako-amaze-limited-to-protect-shareholders-others/

DMO Allots 30-Year Bond for 15.75% at March FGN Bond Sales
https://businesspost.ng/economy/dmo-allots-30-year-bond-for-15-75-at-march-fgn-bond-sales/

Unilever Nigeria Rejigs Business Model to Reduce Exposure to Naira Devaluation, Liquidity
https://businesspost.ng/economy/unilever-nigeria-rejigs-business-model-to-reduce-exposure-to-naira-devaluation-liquidity/

Currency Slump in West Africa Triggers Demand for Dollar Assets
https://businesspost.ng/economy/currency-slump-in-west-africa-triggers-demand-for-dollar-assets/

Why Should You Invest in UK Property?
https://businesspost.ng/economy/why-should-you-invest-in-uk-property-2023/

vacanci:


I just figured say the way ositadima1 get passion for python and finance, he must have passion for sex as long as he mentioned it.

I have observed him on this thread to be someone with passion for whatever he does. Person wey carry stock matter enter python programming come tell you say he is into sex. What level can that get to if no be porn?

Lol Osita over to you

GANDALF1:


Where is that guy looking for stock recommendations

Food don done o. Told you that once belle don full, you will be fed

I was the one looking for stock recommendations.

Food don done - I understand
I will be fed - I understand
Once belle don full - I don foncuse. lol

vacanci:


Are you into porn?

Let me share a brief story with you. Back in 1997, when I was in sss1, I began to explore indicency. At the time, I was responsible for purchasing our Sunday newspaper, the Vanguard, and at the newspaper stand I would often hide away in a corner to peruse adult magazines. By the time I reached university, I had likely gone through hundreds of these publications.

During my third year of studies, in 2003, I completed an industrial attachment with a radio station. I recall spending countless hours in cyber cafes watching various types of porn, from Latinas to ebony to milfs to squirt to granny and more. It was through this process that I even learned how to use computers; I never received formal training, but learned by doing.

When I embarked on my service year, I obtained my first mobile phone and with it, unlimited access to porn, shege banza, heyhey!

To cut the story short, I have seen enough female body parts to last me a lifetime and even experimented with a few myself.

Did I answer your question.

ositadima1:


Let me share a brief story with you. Back in 1997, when I was in sss1, I began to explore indicency. At the time, I was responsible for purchasing our Sunday newspaper, the Vanguard, and at the newspaper stand I would often hide away in a corner to peruse adult magazines. By the time I reached university, I had likely gone through hundreds of these publications.

During my third year of studies, in 2003, I completed an industrial attachment with a radio station. I recall spending countless hours in cyber cafes watching various types of porn, from Latinas to ebony to milfs to squirt to granny and more. It was through this process that I even learned how to use computers; I never received formal training, but learned by doing.

When I embarked on my service year, I obtained my first mobile phone and with it, unlimited access to porn, shege banza, heyhey!

To cut the story short, I have seen enough female body parts to last me a lifetime and even experimented with a few myself.

Did I answer your question.

Respect bro. You are not alone

ositadima1:


Let me share a brief story with you. Back in 1997, when I was in sss1, I began to explore indicency. At the time, I was responsible for purchasing our Sunday newspaper, the Vanguard, and at the newspaper stand I would often hide away in a corner to peruse adult magazines. By the time I reached university, I had likely gone through hundreds of these publications.

During my third year of studies, in 2003, I completed an industrial attachment with a radio station. I recall spending countless hours in cyber cafes watching various types of porn, from Latinas to ebony to milfs to squirt to granny and more. It was through this process that I even learned how to use computers; I never received formal training, but learned by doing.

When I embarked on my service year, I obtained my first mobile phone and with it, unlimited access to porn, shege banza, heyhey!

To cut the story short, I have seen enough female body parts to last me a lifetime and even experimented with a few myself.

Did I answer your question.

Bro you need serious deliverance, from that spirit, lol.And it will take more than a day to get it out.....na joke.I remember a member here who is into building ashawo houses.You need to make him your personal fnd.I can't remember if it is here or SMN

ositadima1:


Let me share a brief story with you. Back in 1997, when I was in sss1, I began to explore indicency. At the time, I was responsible for purchasing our Sunday newspaper, the Vanguard, and at the newspaper stand I would often hide away in a corner to peruse adult magazines. By the time I reached university, I had likely gone through hundreds of these publications.

During my third year of studies, in 2003, I completed an industrial attachment with a radio station. I recall spending countless hours in cyber cafes watching various types of porn, from Latinas to ebony to milfs to squirt to granny and more. It was through this process that I even learned how to use computers; I never received formal training, but learned by doing.

When I embarked on my service year, I obtained my first mobile phone and with it, unlimited access to porn, shege banza, heyhey!

To cut the story short, I have seen enough female body parts to last me a lifetime and even experimented with a few myself.

Did I answer your question.

Pastor VeeCooVee,

Your food don done here. Come and take over.

Pls I use to think the the interval btw the qualification date and closure date is usually a day.Using Apr with qualification date to be 14/03/2023 and closure date 17/04/2023.What happens if you sell in btw this two dates?Do you still get dividend

Streetinvestor2:
Pls I use to think the the interval btw the qualification date and closure date is usually a day.Using Apr with qualification date to be 14/03/2023 and closure date 17/04/2023.What happens if you sell in btw this two dates?Do you still get dividend

Ur two dates are 1month apart not two days??