The Initiates Plc (NGX:TIP)
Nigeria · Delayed Price · Currency is NGN 25.00
-0.90 (-3.47%)
At close: Sep 4, 2026
The Initiates Ratios and Metrics
Market cap in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Total Valuation
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 3, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 50,000 | 11,837 | 2,225 | 1,023 | 427 | 329 | |
Market Cap Growth | 384.32% | 432.00% | 117.39% | 139.58% | 29.73% | -28.85% |
Enterprise Value | 44,320 | 11,694 | 2,701 | 1,704 | 837 | 332 |
Last Close Price | 25.00 | 12.99 | 2.19 | 0.98 | 0.41 | 0.31 |
Price Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 3, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 8.57 | 3.49 | 1.61 | 2.94 | - | - |
PS Ratio | 3.28 | 1.01 | 0.48 | 0.55 | 0.51 | 0.99 |
PB Ratio | 2.89 | 2.06 | 0.90 | 0.87 | 0.60 | 0.43 |
P/TBV Ratio | 2.89 | 2.06 | 0.90 | 0.87 | 0.60 | 0.43 |
P/FCF Ratio | 27.07 | 3.98 | 16.25 | - | - | - |
P/OCF Ratio | 7.36 | 2.47 | 3.44 | 3.50 | 1.68 | 21.18 |
EV Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 3, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
EV/Sales Ratio | 2.90 | 1.00 | 0.58 | 0.92 | 1.00 | 0.99 |
EV/EBITDA Ratio | 6.27 | 2.22 | 1.30 | 3.36 | 21.38 | 32.23 |
EV/EBIT Ratio | 6.46 | 2.29 | 1.35 | 3.71 | - | - |
EV/FCF Ratio | 23.99 | 3.93 | 19.73 | - | - | - |
Financial Efficiency
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 3, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Debt / Equity Ratio | - | 0.02 | 0.21 | 0.70 | 0.98 | 0.91 |
Debt / EBITDA Ratio | - | 0.02 | 0.26 | 1.62 | 17.88 | 68.00 |
Debt / FCF Ratio | - | 0.03 | 3.86 | - | - | - |
Net Debt / Equity Ratio | -0.33 | -0.42 | 0.20 | 0.53 | 0.76 | 0.06 |
Net Debt / EBITDA Ratio | -0.83 | -0.46 | 0.23 | 1.22 | 13.82 | 4.06 |
Net Debt / FCF Ratio | -3.07 | -0.82 | 3.52 | -484.20 | -1.42 | -5.62 |
Asset Turnover | 1.03 | 1.39 | 1.21 | 0.80 | 0.43 | 0.23 |
Inventory Turnover | 95.47 | 173.22 | 103.33 | 84.30 | 61.92 | 48.81 |
Quick Ratio | 2.33 | 1.39 | 1.42 | 0.97 | 0.76 | 3.99 |
Current Ratio | 2.80 | 1.43 | 1.44 | 1.11 | 0.92 | 4.52 |
Return on Equity (ROE) | 40.89% | 82.36% | 75.55% | 36.83% | -7.26% | -9.59% |
Return on Assets (ROA) | 28.12% | 37.95% | 32.65% | 12.35% | -0.15% | -1.44% |
Return on Invested Capital (ROIC) | 48.21% | 109.10% | 56.73% | 20.17% | -0.46% | -4.09% |
Return on Capital Employed (ROCE) | 37.40% | 80.80% | 64.90% | 24.80% | -0.30% | -2.10% |
Yields
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 3, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Earnings Yield | 8.43% | 28.62% | 62.01% | 34.02% | -12.57% | -23.46% |
FCF Yield | 3.69% | 25.12% | 6.15% | -0.13% | -88.88% | -2.26% |
Dividend Yield | 1.54% | 2.31% | 4.57% | 6.14% | - | - |
Payout Ratio | 6.31% | 2.63% | 4.09% | - | - | - |
Total Shareholder Return | -60.82% | 2.31% | 4.57% | 6.14% | - | - |