The Initiates Ratios and Metrics

Market cap in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2015
Period Ending	Sep '24 Sep 11, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2015
Market Capitalization	1,851	1,023	427	329	463	623	Upgrade
Market Cap Growth	256.86%	139.58%	29.73%	-28.85%	-25.71%	4.48%	Upgrade
Enterprise Value	2,382	1,704	837	332	447	637	Upgrade
Last Close Price	2.08	1.12	0.47	0.36	0.50	0.68	Upgrade
PE Ratio	4.49	2.86	-7.72	-3.99	-5.36	14.31	Upgrade
PS Ratio	0.81	0.55	0.51	0.99	1.03	1.13	Upgrade
PB Ratio	1.25	0.87	0.60	0.43	0.55	0.67	Upgrade
P/FCF Ratio	8.44	-799.11	-1.13	-44.26	-26.86	4.94	Upgrade
P/OCF Ratio	2.05	3.50	1.68	21.18	24.22	4.05	Upgrade
EV/Sales Ratio	1.04	0.92	0.99	0.99	1.00	1.16	Upgrade
EV/EBITDA Ratio	3.92	3.36	21.38	32.23	10.59	4.35	Upgrade
EV/EBIT Ratio	4.27	3.71	-175.64	-9.77	-567.07	6.05	Upgrade
EV/FCF Ratio	10.86	-1330.13	-2.20	-44.59	-25.93	5.05	Upgrade
Debt / Equity Ratio	0.38	0.70	0.98	0.91	0.02	-	Upgrade
Debt / EBITDA Ratio	0.92	1.62	17.88	68.00	0.40	-	Upgrade
Debt / FCF Ratio	2.56	-640.09	-1.84	-94.08	-0.99	-	Upgrade
Asset Turnover	0.88	0.80	0.43	0.23	0.39	0.48	Upgrade
Inventory Turnover	90.08	84.30	61.92	48.81	51.23	52.99	Upgrade
Quick Ratio	0.93	0.97	0.76	3.99	0.70	1.20	Upgrade
Current Ratio	1.08	1.11	0.92	4.52	1.46	2.20	Upgrade
Return on Equity (ROE)	36.61%	36.83%	-7.26%	-9.59%	-9.46%	5.17%	Upgrade
Return on Assets (ROA)	13.46%	12.35%	-0.15%	-1.44%	-0.04%	5.77%	Upgrade
Return on Capital (ROIC)	19.83%	16.84%	-0.21%	-1.82%	-0.06%	7.49%	Upgrade
Earnings Yield	22.25%	34.02%	-12.57%	-23.46%	-18.11%	6.78%	Upgrade
FCF Yield	11.85%	-0.13%	-88.88%	-2.26%	-3.72%	20.23%	Upgrade
Dividend Yield	2.88%	5.37%	-	-	-	-	Upgrade
Payout Ratio	0.62%	-	-	-	-	105.28%	Upgrade
Total Shareholder Return	2.88%	5.37%	-	-	-	-	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.