The Initiates Statistics

Total Valuation

The Initiates has a market cap or net worth of NGN 5.34 billion. The enterprise value is 5.36 billion.

Market Cap	5.34B
Enterprise Value	5.36B

Important Dates

The next estimated earnings date is Tuesday, July 29, 2025.

Earnings Date	Jul 29, 2025
Ex-Dividend Date	Apr 7, 2025

Share Statistics

The Initiates has 889.98 million shares outstanding.

Current Share Class	889.98M
Shares Outstanding	889.98M
Shares Change (YoY)	n/a
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 3.28.

PE Ratio	3.28
Forward PE	n/a
PS Ratio	0.96
PB Ratio	1.87
P/TBV Ratio	1.87
P/FCF Ratio	8.13
P/OCF Ratio	5.89
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 2.19, with an EV/FCF ratio of 8.16.

EV / Earnings	3.29
EV / Sales	0.96
EV / EBITDA	2.19
EV / EBIT	2.26
EV / FCF	8.16

Financial Position

The company has a current ratio of 1.55, with a Debt / Equity ratio of 0.17.

Current Ratio	1.55
Quick Ratio	1.45
Debt / Equity	0.17
Debt / EBITDA	0.20
Debt / FCF	0.74
Interest Coverage	37.06

Financial Efficiency

Return on equity (ROE) is 75.46% and return on invested capital (ROIC) is 54.86%.

Return on Equity (ROE)	75.46%
Return on Assets (ROA)	34.78%
Return on Invested Capital (ROIC)	54.86%
Return on Capital Employed (ROCE)	69.49%
Revenue Per Employee	100.97M
Profits Per Employee	29.56M
Employee Count	55
Asset Turnover	1.30
Inventory Turnover	78.78

Taxes

Income Tax	n/a
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has increased by +256.59% in the last 52 weeks. The beta is -0.37, so The Initiates's price volatility has been lower than the market average.

Beta (5Y)	-0.37
52-Week Price Change	+256.59%
50-Day Moving Average	5.28
200-Day Moving Average	3.30
Relative Strength Index (RSI)	61.04
Average Volume (20 Days)	1,714,600

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 5.55 billion and earned 1.63 billion in profits. Earnings per share was 1.83.

Revenue	5.55B
Gross Profit	3.00B
Operating Income	2.37B
Pretax Income	2.42B
Net Income	1.63B
EBITDA	2.44B
EBIT	2.37B
Earnings Per Share (EPS)	1.83

Full Income Statement

Balance Sheet

The company has 465.65 million in cash and 482.95 million in debt, giving a net cash position of -17.30 million or -0.02 per share.

Cash & Cash Equivalents	465.65M
Total Debt	482.95M
Net Cash	-17.30M
Net Cash Per Share	-0.02
Equity (Book Value)	2.85B
Book Value Per Share	3.20
Working Capital	1.38B

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 906.44 million and capital expenditures -249.72 million, giving a free cash flow of 656.71 million.

Operating Cash Flow	906.44M
Capital Expenditures	-249.72M
Free Cash Flow	656.71M
FCF Per Share	0.74

Full Cash Flow Statement

Margins

Gross margin is 53.94%, with operating and profit margins of 42.75% and 29.28%.

Gross Margin	53.94%
Operating Margin	42.75%
Pretax Margin	43.64%
Profit Margin	29.28%
EBITDA Margin	44.02%
EBIT Margin	42.75%
FCF Margin	11.83%

Dividends & Yields

This stock pays an annual dividend of 0.10, which amounts to a dividend yield of 1.67%.

Dividend Per Share	0.10
Dividend Yield	1.67%
Dividend Growth (YoY)	n/a
Years of Dividend Growth	4
Payout Ratio	3.47%
Buyback Yield	n/a
Shareholder Yield	1.56%
Earnings Yield	30.45%
FCF Yield	12.30%

Dividend Details

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number	n/a
Graham Upside	n/a

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 3.46.

Altman Z-Score	3.46
Piotroski F-Score	n/a