The Initiates Statistics

Total Valuation

The Initiates has a market cap or net worth of NGN 3.33 billion. The enterprise value is 3.84 billion.

Market Cap	3.33B
Enterprise Value	3.84B

Important Dates

The next estimated earnings date is Monday, April 28, 2025.

Earnings Date	Apr 28, 2025
Ex-Dividend Date	n/a

Share Statistics

The Initiates has 889.98 million shares outstanding. The number of shares has decreased by -0.43% in one year.

Current Share Class	n/a
Shares Outstanding	889.98M
Shares Change (YoY)	-0.43%
Shares Change (QoQ)	n/a
Owned by Insiders (%)	35.36%
Owned by Institutions (%)	n/a
Float	260.75M

Valuation Ratios

The trailing PE ratio is 3.43.

PE Ratio	3.43
Forward PE	n/a
PS Ratio	0.73
PB Ratio	1.39
P/TBV Ratio	1.39
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 2.47, with an EV/FCF ratio of -28.41.

EV / Earnings	3.97
EV / Sales	0.84
EV / EBITDA	2.47
EV / EBIT	2.57
EV / FCF	-28.41

Financial Position

The company has a current ratio of 1.28, with a Debt / Equity ratio of 0.23.

Current Ratio	1.28
Quick Ratio	1.21
Debt / Equity	0.23
Debt / EBITDA	0.35
Debt / FCF	-4.03
Interest Coverage	23.63

Financial Efficiency

Return on equity (ROE) is 54.12% and return on invested capital (ROIC) is 37.83%.

Return on Equity (ROE)	54.12%
Return on Assets (ROA)	24.03%
Return on Invested Capital (ROIC)	37.83%
Return on Capital Employed (ROCE)	52.14%
Revenue Per Employee	83.03M
Profits Per Employee	17.56M
Employee Count	55
Asset Turnover	1.18
Inventory Turnover	137.11

Taxes

Income Tax	n/a
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has increased by +68.64% in the last 52 weeks. The beta is -0.26, so The Initiates's price volatility has been lower than the market average.

Beta (5Y)	-0.26
52-Week Price Change	+68.64%
50-Day Moving Average	3.11
200-Day Moving Average	2.33
Relative Strength Index (RSI)	52.99
Average Volume (20 Days)	2,188,421

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, The Initiates had revenue of NGN 4.57 billion and earned 965.94 million in profits. Earnings per share was 1.09.

Revenue	4.57B
Gross Profit	1.83B
Operating Income	1.49B
Pretax Income	1.43B
Net Income	965.94M
EBITDA	1.55B
EBIT	1.49B
Earnings Per Share (EPS)	1.09

Full Income Statement

Balance Sheet

The company has 35.63 million in cash and 543.99 million in debt, giving a net cash position of -508.37 million or -0.57 per share.

Cash & Cash Equivalents	35.63M
Total Debt	543.99M
Net Cash	-508.37M
Net Cash Per Share	-0.57
Equity (Book Value)	2.39B
Book Value Per Share	2.69
Working Capital	655.87M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 190.82 million and capital expenditures -325.89 million, giving a free cash flow of -135.07 million.

Operating Cash Flow	190.82M
Capital Expenditures	-325.89M
Free Cash Flow	-135.07M
FCF Per Share	-0.15

Full Cash Flow Statement

Margins

Gross margin is 40.01%, with operating and profit margins of 32.70% and 21.15%.

Gross Margin	40.01%
Operating Margin	32.70%
Pretax Margin	31.22%
Profit Margin	21.15%
EBITDA Margin	34.00%
EBIT Margin	32.70%
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of 0.06, which amounts to a dividend yield of 1.60%.

Dividend Per Share	0.06
Dividend Yield	1.60%
Dividend Growth (YoY)	n/a
Years of Dividend Growth	4
Payout Ratio	5.91%
Buyback Yield	0.43%
Shareholder Yield	2.03%
Earnings Yield	29.02%
FCF Yield	-4.06%

Dividend Details

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

The Initiates has an Altman Z-Score of 2.81. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	2.81
Piotroski F-Score	n/a