Company Valuation: Conoil Plc

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 14,469 15,267 18,390 58,223 268,698 129,908
Change - 5.52% 20.45% 216.6% 361.5% -51.65%
Enterprise Value (EV) 1 8,764 15,959 18,214 78,902 290,109 171,900
Change - 82.09% 14.13% 333.2% 267.68% -40.75%
P/E 10x 4.95x 3.71x 5.9x 30.6x 59.6x
PBR 0.74x 0.7x 0.74x 1.76x 6.8x 3.31x
PEG - 0x 0.1x 0.1x -2.8x -0.8x
Capitalization / Revenue 0.12x 0.12x 0.14x 0.29x 0.83x 0.43x
EV / Revenue 0.07x 0.13x 0.14x 0.39x 0.9x 0.57x
EV / EBITDA 2.18x 3.03x 2.23x 5.93x 18.6x 12.1x
EV / EBIT 2.86x 3.52x 2.38x 6.23x 19.5x 12.8x
EV / FCF 0.95x -2.64x 12.3x -3.55x -684x -9.22x
FCF Yield 106% -37.9% 8.14% -28.2% -0.15% -10.9%
Dividend per Share 2 1.5 2.5 2.5 3.5 3.5 2
Rate of return 7.19% 11.4% 9.43% 4.17% 0.9% 1.07%
EPS 2 2.075 4.44 7.14 14.22 12.64 3.139
Distribution rate 72.3% 56.3% 35% 24.6% 27.7% 63.7%
Net sales 1 117,471 126,726 131,422 201,387 323,128 301,721
EBITDA 1 4,023 5,275 8,182 13,297 15,631 14,260
EBIT 1 3,065 4,528 7,657 12,659 14,879 13,454
Net income 1 1,440 3,083 4,958 9,868 8,774 2,178
Net Debt 1 -5,705 691.7 -176.1 20,679 21,411 41,992
Reference price 2 20.85 22.00 26.50 83.90 387.20 187.20
Nbr of stocks (in thousands) 693,952 693,952 693,952 693,952 693,952 693,952
Announcement Date 31/05/21 05/04/22 25/05/23 29/06/24 18/06/25 11/06/26
1NGN in Million2NGN
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 107M
16.65x0.39x7.67x5.7% 4.66B
14.63x0.19x6.32x3.8% 4.59B
10.19x0.68x6.41x6.67% 3.82B
6.97x0.31x6.78x8.19% 3.03B
13.6x0.05x5.76x2.22% 2.05B
10.09x0.5x6.5x7.26% 1.58B
3.55x0.4x4.36x4.8% 1.42B
Average 10.81x 0.36x 6.26x 5.52% 2.66B
Weighted average by Cap. 11.99x 0.36x 6.53x 5.54%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA