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Nigeria
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Mobil Oil Nigeria plc

Main Activities: Oil and Gas Extraction - Chemical Manufacturing - Petroleum and Petroleum Products Merchant Wholesalers

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Company Information

Full name
Mobil Oil Nigeria plc

Headquarters
Mobil House, Lekki Expressway, Victoria Island, Lagos. ; Lagos; Lagos
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
ISIN CODE : NGMOBIL00007
Financial Auditors: PricewaterhouseCoopers (2010)
Incorporation Date: December 31, 1951
Total Employees: 300

Tel: +(234) 1 262 1640/9 or (234) 1 262 1660

Company Description

Mobil Oil Nigeria Plc is a subsidiary of Exxon Mobile. The Company operates in the integrated oil and gas industry. Mobil Oil Nigeria is engaged in the production and marketing of petrochemicals (gasoline, motor oils, lubricants, marine and jet fuels, etc.), packaging films and other chemical products. Through its wholly owned subsidiaries, Mobil operates a worldwide oil and gas exploration and producing business, a global marketing and refining complex, a network of pipelines and tankers linking
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Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2009, total net operating revenues decreased with -6.34%, from NGN 68,753,384 thousands to NGN 64,391,119 thousands. Operating result increased from NGN 3,804,666 thousands to NGN 4,617,785 thousands which means 21.37% change. The results of the period increased 16.16% reaching NGN 2,841,963 thousands at the end of the period against NGN 2,446,518 thousands last year. Return on equity (Net income/Total equity) went from 86.23% to 68.05%, the Return On Asset (Net income / Total Asset) went from 12.29% to 12.88% and the Net Profit Margin (Net Income/Net Sales) went from 3.56% to 4.41% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 428.42% compared to 601.94% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.71 to 0.76 when compared to the previous year.

Key Executives

Adetunji A. Oyebanji Chairman
Adetunji A. Oyebanji Managing Director
Emmanuel O. Amade Secretary
Alastair J. Macnaughton EXECUTIVE DIRECTOR/MEMBER OF THE BOARD
Henry I. C. Obih EXECUTIVE DIRECTOR/MEMBER OF THE BOARD
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Balance Sheet

Total Assets

35,994,016

32,255,420

Current Assets

15,194,075

15,632,715

Total Liabilities

31,534,472

27,956,584

Shareholders Equity

4,459,545

4,298,836

Current Liabilities

15,137,752

12,361,832

* All the accounts are in NGN.
Income Statement

Total Operating Revenue

63,022,790

64,628,665

Operational Profit (Loss)

2,703,396

6,163,801

Net Profit (Loss)

1,663,189

4,076,669

* All the accounts are in NGN.
Ratios
Profitability Ratios

Return on Assets (ROA)

4.62%

12.64%

Annualised Return on Assets (ROA)

6.16%

12.64%

Return on Equity (ROE)

37.3%

94.83%

Annualised Return on Equity (ROE)

49.73%

94.83%

Return on Sales (ROS)

2.71%

6.56%

Return on Capital

35.54%

94.83%

Gross Profit Margin

10.55%

16.32%

Operating Profit Margin

2.48%

5.9%

Efficiency Ratios

Accounts Receivable Turnover

32.53x

41.25x

Inventory Turnover

7.60x

9.82x

Current asset turnover

4.03x

3.97x

Fixed-asset turnover

2.95x

3.74x

Asset Turnover

1.70x

1.93x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

2,750,730

6,190,769

EBITDA

3,239,010

6,190,769

Enterprise value

38,884,909

39,690,588

Enterprise Value / EBITDA

12.01

6.41

Bookvalue (BV)

31,468,323

32,233,895

Net Cash

-14,939,922

-11,791,469

Liquidity Ratios

Current Ratio

100.37%

126.46%

Quick ratio

52.72%

83.67%

Doom's day ratio

1.31%

4.61%

Leverage Ratios

Leverage ratio

807.12%

750.33%

Interest Coverage Ratio

1,193.38%

3,730.26%

Debt to equity

707.12%

650.33%

Debt to total assets

87.61%

86.67%

Long Term Debt to Capital

98.91%

99.05%

Debt / Enterprise Value

11.64%

0.05%

Market ratios

Market Capitalization/EBITDA

10.67

6.50

Price/Book Ratio

1.10

1.25

Market Cap / Net cash

-2.31

-3.41

Trend Ratios

Revenue Trend

136.44%

Net Income Trend

51.73%

Operating Income Trend

57%