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Dangote Flour Mills Plc
Main Activities: Food Manufacturing - Flour Milling and Malt Manufacturing
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Company Information |
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Full name Dangote Flour Mills Plc Headquarters 8, Rycroft Road Apapa Lagos, Nigeria ; Lagos; Lagos |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : NGDANGFLOUR2 Financial Auditors: Akintola Williams Deloitte (2008) Incorporation Date: January 1, 2004 Total Employees: 2,314 Tel: +234-1-2702202, 2712204 |
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Company Description |
| Dangote Flour Mills Plc commenced operations in 1999, as a division of Dangote Industries Limited one of Nigeria’s largest and fastest growing conglomerates. Following the strategic decision of Dangote Industries Limited to unbundle its various operations, Dangote Flour Mills Plc was incorporated in 2006. The restructuring was completed in January, 2006, when the Federal High Court sanctioned a Scheme of Arrangement wherein all the assets, liabilities and undertakings of the erstwhile flour division | ||
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Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the Year of 2009, total net operating revenues increased with 27.82%, from NGN 48,100,107 thousands to NGN 61,482,750 thousands. Operating result increased from NGN 5,469,123 thousands to NGN 8,294,517 thousands which means 51.66% change. The results of the period increased 87.64% reaching NGN 5,530,732 thousands at the end of the period against NGN 2,947,448 thousands last year. Return on equity (Net income/Total equity) went from 11.83% to 19.27%, the Return On Asset (Net income / Total Asset) went from 4.76% to 8.63% and the Net Profit Margin (Net Income/Net Sales) went from 6.13% to 9.00% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 124.16% compared to 149.31% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.80 to 0.81 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Q2C (cons) |
2012 Q1 (cons) |
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| Non-Audited | Non-Audited | |
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| WVB Company Financials | WVB Company Financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
92,061,256 |
79,151,840 |
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Current Assets |
47,676,620 |
34,090,752 |
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Total Liabilities |
60,758,144 |
79,151,840 |
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Shareholders Equity |
31,303,112 |
0 |
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Current Liabilities |
56,291,600 |
45,706,396 |
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| * All the accounts are in NGN. | ||
Income Statement
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Total Operating Revenue |
29,808,963 |
13,833,167 |
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Operational Profit (Loss) |
922,999 |
632,121 |
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Net Profit (Loss) |
-815,206 |
-104,826 |
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| * All the accounts are in NGN. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-0.89% |
-0.13% |
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Annualised Return on Assets (ROA) |
-1.78% |
-0.52% |
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Return on Equity (ROE) |
-2.6% |
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Annualised Return on Equity (ROE) |
-5.2% |
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Return on Sales (ROS) |
-2.76% |
-0.76% |
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Return on Capital |
-2.6% |
-5.2% |
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Gross Profit Margin |
13.23% |
18.91% |
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Operating Profit Margin |
2.36% |
4.32% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
0.86x |
0.83x |
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Inventory Turnover |
2.61x |
0.78x |
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Current asset turnover |
0.62x |
0.40x |
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Fixed-asset turnover |
0.67x |
0.31x |
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Asset Turnover |
0.32x |
0.17x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
923,000 |
632,121 |
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EBITDA |
923,000 |
632,121 |
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Enterprise value |
27,295,968 |
34,500,720 |
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Enterprise Value / EBITDA |
29.57 |
54.58 |
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Bookvalue (BV) |
89,385,256 |
64,410,419 |
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Net Cash |
-53,661,568 |
-43,215,695 |
| Liquidity Ratios | ||
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Current Ratio |
84.7% |
74.59% |
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Quick ratio |
67.23% |
43.22% |
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Doom's day ratio |
4.67% |
5.45% |
| Leverage Ratios | ||
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Leverage ratio |
294.1% |
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Interest Coverage Ratio |
55.23% |
87.48% |
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Debt to equity |
194.1% |
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Debt to total assets |
66% |
100% |
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Long Term Debt to Capital |
100% |
100% |
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Debt / Enterprise Value |
9.8% |
42.73% |
| Market ratios | ||
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Market Capitalization/EBITDA |
29.52 |
35.20 |
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Price/Book Ratio |
0.31 |
0.35 |
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Market Cap / Net cash |
-0.51 |
-0.51 |
| Trend Ratios | ||
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Revenue Trend |
198.1% |
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Net Income Trend |
-243.02% |
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Operating Income Trend |
108.33% |
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