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EVANS MEDICAL PLC

Main Activities: Chemical Manufacturing - Pharmaceutical and Medicine Manufacturing

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Company Information

Full name
EVANS MEDICAL PLC

Headquarters
Plot 6, Abimbola Way, Isolo P.M.B. 1120, Apapa, Lagos, Nigeria. ; Lagos; Lagos
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
ISIN CODE : NGEVANSMED04
Financial Auditors: PricewaterhouseCoopers (2010)
Incorporation Date: January 1, 1979
Total Employees: 315

Tel: +(234-1)7901401-8

Company Description

Evans Medical Plc is one of Nigeria’s largest pharmaceutical Manufacturing Company, It started business in Nigeria in 1954 and has since then been committed to Research, Development and Manufacturing of safe and effective medicines and nutraceuticals of highest standards. Evans Medical Plc has its manufacturing facility located at Agbara in Ogun State and a Corporate Office at Isolo in Lagos State, Nigeria. The Product ranges of Evans Medical Plc are well over thirty and are household names across
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Company Analysis

According to the Consolidated - Non-Audited financial statement for the Year of 2011, total net operating revenues increased with 17.08%, from NGN 3,942,000 thousands to NGN 4,615,295 thousands. Operating Results increased from NGN -54,379 thousands to NGN 446,883 thousands. The results of the period increased 978.57% reaching NGN 94,515 thousands at the end of the period against NGN 8,763 thousands last year. Return on equity (Net income/Total equity) went from 15.16% to 243.75%, the Return On Asset (Net income / Total Asset) went from 0.21% to 2.17% and the Net Profit Margin (Net Income/Net Sales) went from 0.22% to 2.05% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 11108.35% compared to 7176.62% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.60 to 0.60 when compared to the previous year.

Key Executives

Saifiudeen A. Edu Chairman
Kiran Virat Managing Director
Bolaji Odunsi Director/Member Of The Board
H. Harriman Director/Member Of The Board
I. M. Damcida Director/Member Of The Board
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Balance Sheet

Total Assets

7,247,439

4,346,150

Current Assets

2,790,311

2,602,150

Total Liabilities

7,247,439

4,307,374

Shareholders Equity

0

38,776

Current Liabilities

2,582,894

4,307,374

* All the accounts are in NGN.
Income Statement

Total Operating Revenue

3,514,448

4,615,295

Operational Profit (Loss)

288,829

446,883

Net Profit (Loss)

-107,185

94,515

* All the accounts are in NGN.
Ratios
Profitability Ratios

Return on Assets (ROA)

-1.48%

2.17%

Annualised Return on Assets (ROA)

-1.97%

2.17%

Return on Equity (ROE)

0%

243.75%

Annualised Return on Equity (ROE)

0%

243.75%

Return on Sales (ROS)

-3.08%

2.07%

Return on Capital

-8.75%

243.75%

Gross Profit Margin

49.17%

47.77%

Operating Profit Margin

7.29%

8.86%

Efficiency Ratios

Accounts Receivable Turnover

1.73x

5.07x

Inventory Turnover

2.46x

2.22x

Current asset turnover

1.25x

1.76x

Fixed-asset turnover

0.78x

2.62x

Asset Turnover

0.48x

1.05x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

288,829

448,295

EBITDA

288,829

448,295

Enterprise value

2,736,310

1,418,130

Enterprise Value / EBITDA

9.47

3.16

Bookvalue (BV)

5,008,008

3,155,150

Net Cash

-2,520,329

-4,208,567

Liquidity Ratios

Current Ratio

108.03%

60.41%

Quick ratio

80.23%

35.48%

Doom's day ratio

2.42%

2.29%

Leverage Ratios

Leverage ratio

0%

11,208.35%

Interest Coverage Ratio

75.39%

141.54%

Debt to equity

0%

11,108.35%

Debt to total assets

100%

99.11%

Long Term Debt to Capital

100%

Debt / Enterprise Value

81.84%

83.98%

Market ratios

Market Capitalization/EBITDA

1.94

0.73

Price/Book Ratio

0.12

0.11

Market Cap / Net cash

-0.22

-0.08

Trend Ratios

Revenue Trend

0%

115.98%

Net Income Trend

0%

1,078.57%

Operating Income Trend

0%

-824.39%