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HONEYWELL FLOUR MILLS PLC
Main Activities: Food Manufacturing - Animal Food Manufacturing - Flour Milling and Malt Manufacturing
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Company Information |
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Full name HONEYWELL FLOUR MILLS PLC Headquarters 2nd Gate Bye-Pass Tin Can Island, Apapa Lagos, Nigeria; Lagos; Lagos |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : NGHONYFLOUR7 Financial Auditors: Balogun Badejo & Co (2010) Tel: 080-80945364 |
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Company Description |
| Honeywell Flour Mills Plc was initially registered as Gateway Honeywell Flour Mills Limited on July 9, 1985 with a share capital of N10million comprising of 10million ordinary shares of N1 Kobo each. A change in the company’s ownership structure led to a change of name to Honeywell Flour Mills Limited (HFML) in June 1995. A subsequent conversion to a Public Liability Company in March 2008 led to its current name - Honeywell Flour Mills Plc. HFM PLC now has an authorized share capital of N4billion | ||
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Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the Year of 2010, total net operating revenues increased with 17.05%, from NGN 28,670,549 thousands to NGN 33,559,640 thousands. Operating result increased from NGN 2,053,969 thousands to NGN 3,663,746 thousands which means 78.37% change. The results of the period increased 441.61% reaching NGN 1,175,922 thousands at the end of the period against NGN 217,115 thousands last year. Return on equity (Net income/Total equity) went from 4.02% to 8.70%, the Return On Asset (Net income / Total Asset) went from 0.92% to 3.92% and the Net Profit Margin (Net Income/Net Sales) went from 0.76% to 3.50% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 122.10% compared to 335.19% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.53 to 1.21 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2013 Q3C (cons) |
2013 Q2C (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 |
59,958,000 |
50,969,000 |
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Current Assets |
26,854,000 |
18,968,000 |
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Total Liabilities |
41,591,000 |
32,996,000 |
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Shareholders Equity |
18,367,000 |
17,973,000 |
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Current Liabilities |
31,014,000 |
22,680,000 |
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| * All the accounts are in NGN. | ||
Income Statement
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Total Operating Revenue |
33,143,000 |
22,005,000 |
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Operational Profit (Loss) |
2,540,000 |
1,847,000 |
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Net Profit (Loss) |
1,719,000 |
1,309,000 |
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| * All the accounts are in NGN. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
2.87% |
2.57% |
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Annualised Return on Assets (ROA) |
3.83% |
5.14% |
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Return on Equity (ROE) |
9.36% |
7.28% |
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Annualised Return on Equity (ROE) |
12.48% |
14.56% |
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Return on Sales (ROS) |
5.2% |
5.97% |
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Return on Capital |
9.36% |
5.28% |
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Gross Profit Margin |
16.58% |
17% |
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Operating Profit Margin |
7.38% |
8.11% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
2.35x |
2.14x |
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Inventory Turnover |
4.14x |
3.88x |
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Current asset turnover |
1.23x |
1.16x |
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Fixed-asset turnover |
1.00x |
0.69x |
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Asset Turnover |
0.55x |
0.43x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
2,540,000 |
1,847,000 |
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EBITDA |
2,540,000 |
1,847,000 |
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Enterprise value |
10,439,112 |
41,120,850 |
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Enterprise Value / EBITDA |
4.11 |
22.26 |
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Bookvalue (BV) |
59,958,000 |
23,898,000 |
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Net Cash |
-24,879,000 |
-18,649,000 |
| Liquidity Ratios | ||
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Current Ratio |
86.59% |
83.63% |
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Quick ratio |
65.14% |
62.95% |
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Doom's day ratio |
19.78% |
17.77% |
| Leverage Ratios | ||
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Leverage ratio |
326.44% |
283.59% |
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Interest Coverage Ratio |
486.59% |
405.93% |
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Debt to equity |
226.44% |
183.59% |
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Debt to total assets |
69.37% |
64.74% |
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Long Term Debt to Capital |
100% |
100% |
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Debt / Enterprise Value |
0% |
65.83% |
| Market ratios | ||
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Market Capitalization/EBITDA |
6.53 |
9.79 |
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Price/Book Ratio |
0.28 |
0.76 |
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Market Cap / Net cash |
-0.67 |
-0.97 |
| Trend Ratios | ||
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Revenue Trend |
118.23% |
117.4% |
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Net Income Trend |
100.29% |
136.5% |
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Operating Income Trend |
103.84% |
149.55% |
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