|
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
PORTLAND PAINTS AND PRODUCTS NIGERIA PLC
Main Activities: Chemical Manufacturing - Paint, Coating, and Adhesive Manufacturing
 |
Please check the full coverage of information what EMIS can offer you. | SEE SAMPLE |
Company Information |
|
Full name PORTLAND PAINTS AND PRODUCTS NIGERIA PLC Headquarters 4th floor, Elephant Cement House Assbifi Road, Central Business District Alausa, Ikeja. ; Ikeja; Lagos |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : NGPORTPAINT6 Total Employees: 161 Tel: 01-7740413, 8045551 |
|
Company Description |
| Portland Paints and Products Nigeria Plc (PPPNL) was established in 1985. The Company is a leader and most diversified paint-manufacturing company in Nigeria. Portland Paints has become the leading paint maker in Nigeria today that can compare favorably with international companies in terms of quality, efficiency in service delivery and technology. Following our commitment to quality, the company was awarded the prestigious ISO 9001:2000 Quality Management System Certification in Year 2004. |
Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the Year of 2011, total net operating revenues increased with 10.22%, from NGN 2,402,945 thousands to NGN 2,648,411 thousands. Operating result increased from NGN 302,726 thousands to NGN 321,456 thousands which means 6.19% change. The results of the period increased 19.19% reaching NGN 156,885 thousands at the end of the period against NGN 131,624 thousands last year. Return on equity (Net income/Total equity) went from 13.81% to 15.56%, the Return On Asset (Net income / Total Asset) went from 8.47% to 7.31% and the Net Profit Margin (Net Income/Net Sales) went from 5.48% to 5.92% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 112.98% compared to 63.07% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.18 to 1.33 when compared to the previous year. |
Key Executives |
|
|||||
|
|||||
|
|||||
|
|||||
|
|||||
|
|||||
Companies with Similar Main Activities |
FULL COMPANY PROFILE
|
|
2011 Y (cons) |
2010 Y (cons) |
|
 | ||
| Non-Audited | Non-Audited | |
| ||
| WVB Company Financials | WVB Company Financials | |
| ||
| Unit | Thousands | Thousands |
| ||
Balance Sheet
| ||
Total Assets |
2,147,509 |
1,553,731 |
| ||
Current Assets |
1,512,197 |
1,308,707 |
| ||
Total Liabilities |
1,139,215 |
600,922 |
| ||
Shareholders Equity |
1,008,294 |
952,809 |
| ||
Current Liabilities |
1,139,215 |
600,922 |
| ||
| * All the accounts are in NGN. | ||
Income Statement
| ||
Total Operating Revenue |
2,648,411 |
2,402,945 |
| ||
Operational Profit (Loss) |
321,456 |
302,726 |
| ||
Net Profit (Loss) |
156,885 |
131,624 |
| ||
| * All the accounts are in NGN. | ||
Ratios
| Profitability Ratios | ||
| ||
Return on Assets (ROA) |
7.31% |
8.47% |
| ||
Annualised Return on Assets (ROA) |
7.31% |
8.47% |
| ||
Return on Equity (ROE) |
15.56% |
13.81% |
| ||
Annualised Return on Equity (ROE) |
15.56% |
13.81% |
| ||
Return on Sales (ROS) |
6.07% |
5.53% |
| ||
Return on Capital |
15.56% |
13.81% |
| ||
Gross Profit Margin |
42.92% |
38.95% |
| ||
Operating Profit Margin |
9.96% |
11.78% |
| Efficiency Ratios | ||
| ||
Accounts Receivable Turnover |
10.44x |
9.35x |
| ||
Inventory Turnover |
1.84x |
2.13x |
| ||
Current asset turnover |
1.71x |
1.82x |
| ||
Fixed-asset turnover |
4.07x |
9.71x |
| ||
Asset Turnover |
1.20x |
1.53x |
| Valuation figures and ratios | ||
| ||
Earning Before Interests and Taxes (EBIT) |
321,849 |
303,200 |
| ||
EBITDA |
321,849 |
303,200 |
| ||
Enterprise value |
2,427,804 |
2,359,115 |
| ||
Enterprise Value / EBITDA |
7.54 |
7.78 |
| ||
Bookvalue (BV) |
1,899,338 |
1,380,262 |
| ||
Net Cash |
-1,050,848 |
-518,568 |
| Liquidity Ratios | ||
| ||
Current Ratio |
132.74% |
217.78% |
| ||
Quick ratio |
62.22% |
104.29% |
| ||
Doom's day ratio |
7.76% |
13.7% |
| Leverage Ratios | ||
| ||
Leverage ratio |
212.98% |
163.07% |
| ||
Interest Coverage Ratio |
692.03% |
542.55% |
| ||
Debt to equity |
112.98% |
63.07% |
| ||
Debt to total assets |
53.05% |
38.68% |
| ||
Debt / Enterprise Value |
10.22% |
7.35% |
| Market ratios | ||
| ||
Market Capitalization/EBITDA |
7.05 |
7.48 |
| ||
Price/Book Ratio |
1.20 |
1.65 |
| ||
Market Cap / Net cash |
-2.16 |
-4.37 |
| Trend Ratios | ||
| ||
Revenue Trend |
108.57% |
104.89% |
| ||
Net Income Trend |
119.19% |
71.89% |
| ||
Operating Income Trend |
106.15% |
147.19% |
| ||
 |