The Initiates Plc (NGX:TIP)

SolarWinds Statistics

Total Valuation

The Initiates has a market cap or net worth of NGN 12.24 billion. The enterprise value is 12.39 billion.

Market Cap	12.24B
Enterprise Value	12.39B

Important Dates

The last earnings date was 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)	-0.00%
Owned by Insiders (%)	35.36%
Owned by Institutions (%)	n/a
Float	260.75M

Valuation Ratios

The trailing PE ratio is 5.61.

PE Ratio	5.61
Forward PE	n/a
PS Ratio	1.74
PB Ratio	3.70
P/TBV Ratio	3.70
P/FCF Ratio	32.75
P/OCF Ratio	17.78
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 3.91, with an EV/FCF ratio of 33.17.

EV / Earnings	5.68
EV / Sales	1.76
EV / EBITDA	3.91
EV / EBIT	3.97
EV / FCF	33.17

Financial Position

The company has a current ratio of 1.68, with a Debt / Equity ratio of 0.06.

Current Ratio	1.68
Quick Ratio	1.51
Debt / Equity	0.06
Debt / EBITDA	0.06
Debt / FCF	0.54
Interest Coverage	65.93

Financial Efficiency

Return on equity (ROE) is 91.15% and return on invested capital (ROIC) is 70.37%.

Return on Equity (ROE)	91.15%
Return on Assets (ROA)	42.13%
Return on Invested Capital (ROIC)	70.37%
Return on Capital Employed (ROCE)	83.24%
Revenue Per Employee	117.28M
Profits Per Employee	36.37M
Employee Count	55
Asset Turnover	1.52
Inventory Turnover	78.24

Taxes

In the past 12 months, The Initiates has paid 1.05 billion in taxes.

Income Tax	1.05B
Effective Tax Rate	32.49%

Stock Price Statistics

The stock price has increased by +570.73% in the last 52 weeks. The beta is -0.15, so The Initiates's price volatility has been lower than the market average.

Beta (5Y)	-0.15
52-Week Price Change	+570.73%
50-Day Moving Average	8.90
200-Day Moving Average	4.74
Relative Strength Index (RSI)	64.24
Average Volume (20 Days)	3,499,548

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 7.04 billion and earned 2.18 billion in profits. Earnings per share was 2.45.

Revenue	7.04B
Gross Profit	3.67B
Operating Income	3.12B
Pretax Income	3.23B
Net Income	2.18B
EBITDA	3.17B
EBIT	3.12B
Earnings Per Share (EPS)	2.45

Balance Sheet

The company has 43.21 million in cash and 200.00 million in debt, giving a net cash position of -156.79 million or -0.18 per share.

Cash & Cash Equivalents	43.21M
Total Debt	200.00M
Net Cash	-156.79M
Net Cash Per Share	-0.18
Equity (Book Value)	3.31B
Book Value Per Share	3.72
Working Capital	1.68B

Cash Flow

In the last 12 months, operating cash flow was 688.37 million and capital expenditures -314.68 million, giving a free cash flow of 373.69 million.

Operating Cash Flow	688.37M
Capital Expenditures	-314.68M
Free Cash Flow	373.69M
FCF Per Share	0.42

Margins

Gross margin is 52.15%, with operating and profit margins of 44.40% and 31.01%.

Gross Margin	52.15%
Operating Margin	44.40%
Pretax Margin	45.93%
Profit Margin	31.01%
EBITDA Margin	45.04%
EBIT Margin	44.40%
FCF Margin	5.31%

Dividends & Yields

This stock pays an annual dividend of 0.10, which amounts to a dividend yield of 0.73%.

Dividend Per Share	0.10
Dividend Yield	0.73%
Dividend Growth (YoY)	n/a
Years of Dividend Growth	4
Payout Ratio	6.59%
Buyback Yield	n/a
Shareholder Yield	0.74%
Earnings Yield	17.83%
FCF Yield	3.05%

Fair Value

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

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

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 4.3 and a Piotroski F-Score of 7.

Altman Z-Score	4.3
Piotroski F-Score	7