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Studio Press Nigeria

NGSE:STUDPRESS
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STUDPRESS
NGSE
NGN1B
Market Cap
  1. Home
  2. NG
  3. Commercial Services
Company description

Studio Press Nigeria Plc engages in the lithographic printing; and manufacture of cartons and light packaging materials, including labels. The last earnings update was 59 days ago. More info.


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STUDPRESS Share Price and Events
7 Day Returns
0%
NGSE:STUDPRESS
-4.4%
Africa Commercial Services
-5.2%
NG Market
1 Year Returns
0%
NGSE:STUDPRESS
-45.7%
Africa Commercial Services
-39.6%
NG Market
STUDPRESS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Studio Press Nigeria (STUDPRESS) 0% 0% 0% 0% -9.1% -13.5%
Africa Commercial Services -4.4% -21% -25.2% -45.7% -83.8% -79%
NG Market -5.2% -22.6% -22.4% -39.6% -30.2% -51.1%
1 Year Return vs Industry and Market
  • STUDPRESS outperformed the Commercial Services industry which returned -45.7% over the past year.
  • STUDPRESS outperformed the Market in Nigeria which returned -39.6% over the past year.
Price Volatility
STUDPRESS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Studio Press Nigeria undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Studio Press Nigeria to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Studio Press Nigeria.

NGSE:STUDPRESS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 30.4%
Perpetual Growth Rate 10-Year NG Government Bond Rate 12.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NGSE:STUDPRESS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NG Govt Bond Rate 12.7%
Equity Risk Premium S&P Global 12.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.603 (1 + (1- 30%) (246.55%))
1.432
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 12.68% + (1.432 * 12.41%)
30.45%

Discounted Cash Flow Calculation for NGSE:STUDPRESS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Studio Press Nigeria is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NGSE:STUDPRESS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NGN, Millions) Source Present Value
Discounted (@ 30.45%)
2020 2,084.87 Est @ -5.67% 1,598.24
2021 2,081.37 Est @ -0.17% 1,223.13
2022 2,158.09 Est @ 3.69% 972.21
2023 2,295.88 Est @ 6.38% 792.86
2024 2,485.82 Est @ 8.27% 658.09
2025 2,724.33 Est @ 9.6% 552.89
2026 3,010.95 Est @ 10.52% 468.43
2027 3,347.23 Est @ 11.17% 399.20
2028 3,736.24 Est @ 11.62% 341.58
2029 4,182.32 Est @ 11.94% 293.12
Present value of next 10 years cash flows NGN7,299.00
NGSE:STUDPRESS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NGN4,182.32 × (1 + 12.68%) ÷ (30.45% – 12.68%)
NGN26,523.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NGN26,523.23 ÷ (1 + 30.45%)10
NGN1,858.89
NGSE:STUDPRESS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NGN7,299.00 + NGN1,858.89
NGN9,157.89
Equity Value per Share
(NGN)
= Total value / Shares Outstanding
= NGN9,157.89 / 594.89
NGN15.39
NGSE:STUDPRESS Discount to Share Price
Calculation Result
Value per share (NGN) From above. NGN15.39
Current discount Discount to share price of NGN1.99
= -1 x (NGN1.99 - NGN15.39) / NGN15.39
87.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Studio Press Nigeria is available for.
Intrinsic value
>50%
Share price is NGN1.99 vs Future cash flow value of NGN15.39
Current Discount Checks
For Studio Press Nigeria to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Studio Press Nigeria's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Studio Press Nigeria's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Studio Press Nigeria's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Studio Press Nigeria's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NGSE:STUDPRESS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in NGN NGN0.72
NGSE:STUDPRESS Share Price ** NGSE (2020-03-27) in NGN NGN1.99
Africa Commercial Services Industry PE Ratio Median Figure of 10 Publicly-Listed Commercial Services Companies 8.1x
Nigeria Market PE Ratio Median Figure of 99 Publicly-Listed Companies 6.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Studio Press Nigeria.

NGSE:STUDPRESS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NGSE:STUDPRESS Share Price ÷ EPS (both in NGN)

= 1.99 ÷ 0.72

2.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Studio Press Nigeria is good value based on earnings compared to the Africa Commercial Services industry average.
  • Studio Press Nigeria is good value based on earnings compared to the Nigeria market.
Price based on expected Growth
Does Studio Press Nigeria's expected growth come at a high price?
Raw Data
NGSE:STUDPRESS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Commercial Services Industry PEG Ratio Median Figure of 181 Publicly-Listed Commercial Services Companies 1.19x
Nigeria Market PEG Ratio Median Figure of 24 Publicly-Listed Companies 0.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Studio Press Nigeria, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Studio Press Nigeria's assets?
Raw Data
NGSE:STUDPRESS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in NGN NGN4.98
NGSE:STUDPRESS Share Price * NGSE (2020-03-27) in NGN NGN1.99
Africa Commercial Services Industry PB Ratio Median Figure of 12 Publicly-Listed Commercial Services Companies 0.66x
Nigeria Market PB Ratio Median Figure of 129 Publicly-Listed Companies 0.6x
NGSE:STUDPRESS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NGSE:STUDPRESS Share Price ÷ Book Value per Share (both in NGN)

= 1.99 ÷ 4.98

0.4x

* Primary Listing of Studio Press Nigeria.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Studio Press Nigeria is good value based on assets compared to the Africa Commercial Services industry average.
X
Value checks
We assess Studio Press Nigeria's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Studio Press Nigeria has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Studio Press Nigeria expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Studio Press Nigeria has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Studio Press Nigeria expected to grow at an attractive rate?
  • Unable to compare Studio Press Nigeria's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Studio Press Nigeria's earnings growth to the Nigeria market average as no estimate data is available.
  • Unable to compare Studio Press Nigeria's revenue growth to the Nigeria market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NGSE:STUDPRESS Future Growth Rates Data Sources
Data Point Source Value (per year)
Global Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 15%
Global Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
Nigeria Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Nigeria Market Revenue Growth Rate Market Cap Weighted Average 6.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NGSE:STUDPRESS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NGN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NGSE:STUDPRESS Past Financials Data
Date (Data in NGN Millions) Revenue Cash Flow Net Income *
2019-12-31 10,384 2,253 426
2019-09-30 10,495 2,174 159
2019-06-30 10,171 2,430 234
2019-03-31 9,955 2,011 313
2018-12-31 9,736 2,175 269
2018-09-30 9,293 2,300 415
2018-06-30 8,946 2,194 359
2018-03-31 9,489 2,337 340
2017-12-31 9,496 2,900 309
2017-09-30 10,399 2,593 552
2017-06-30 10,713 1,184 500
2017-03-31 10,272 2,249 315

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Studio Press Nigeria is high growth as no earnings estimate data is available.
  • Unable to determine if Studio Press Nigeria is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NGSE:STUDPRESS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Studio Press Nigeria Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NGSE:STUDPRESS Past Financials Data
Date (Data in NGN Millions) EPS *
2019-12-31 0.72
2019-09-30 0.27
2019-06-30 0.39
2019-03-31 0.53
2018-12-31 0.45
2018-09-30 0.70
2018-06-30 0.60
2018-03-31 0.57
2017-12-31 0.52
2017-09-30 0.93
2017-06-30 0.84
2017-03-31 0.53

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Studio Press Nigeria will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Studio Press Nigeria is trading at Studio Press Nigeria'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Studio Press Nigeria's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Studio Press Nigeria's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Studio Press Nigeria has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Studio Press Nigeria performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Studio Press Nigeria's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Studio Press Nigeria has delivered over 20% year on year earnings growth in the past 5 years.
  • Studio Press Nigeria's 1-year earnings growth exceeds its 5-year average (58.1% vs 48.2%)
  • Studio Press Nigeria's earnings growth has exceeded the Africa Commercial Services industry average in the past year (58.1% vs 17.1%).
Earnings and Revenue History
Studio Press Nigeria's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Studio Press Nigeria Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NGSE:STUDPRESS Past Revenue, Cash Flow and Net Income Data
Date (Data in NGN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 10,383.63 426.08 896.78
2019-09-30 10,495.12 158.63 789.43
2019-06-30 10,171.20 234.25 761.86
2019-03-31 9,954.94 313.10 717.54
2018-12-31 9,735.75 269.45 706.60
2018-09-30 9,292.93 415.24 787.96
2018-06-30 8,946.11 358.95 748.40
2018-03-31 9,488.61 340.30 769.77
2017-12-31 9,496.44 308.58 763.90
2017-09-30 10,398.66 551.73 799.58
2017-06-30 10,713.35 500.44 804.90
2017-03-31 10,271.87 315.45 783.18
2016-12-31 10,254.10 256.62 759.16
2016-09-30 9,104.86 118.65 626.15
2016-06-30 9,043.61 57.79 630.53
2016-03-31 8,613.15 -18.18 639.85
2015-12-31 7,891.90 -93.78 638.91
2015-09-30 7,627.13 -430.61 391.05
2015-03-31 7,437.11 -390.87 620.66
2014-12-31 7,343.90 -353.38 586.57
2014-09-30 6,690.49 -96.09 706.48
2014-03-31 5,329.75 -20.22 338.22
2013-12-31 4,928.10 -47.49 367.49
2013-09-30 5,114.44 14.70 381.57
2013-06-30 5,180.58 -2.35 381.67
2013-03-31 5,259.19 -27.74 387.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Studio Press Nigeria has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Studio Press Nigeria used its assets more efficiently than the Africa Commercial Services industry average last year based on Return on Assets.
  • Studio Press Nigeria's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Studio Press Nigeria's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Studio Press Nigeria has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Studio Press Nigeria's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Studio Press Nigeria's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Studio Press Nigeria is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Studio Press Nigeria's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Studio Press Nigeria's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Studio Press Nigeria Company Filings, last reported 2 months ago.

NGSE:STUDPRESS Past Debt and Equity Data
Date (Data in NGN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,962.87 2,918.66 219.57
2019-09-30 2,933.94 3,599.04 277.37
2019-06-30 2,906.61 3,643.10 344.45
2019-03-31 2,718.07 3,978.28 320.85
2018-12-31 2,536.79 4,457.82 428.50
2018-09-30 2,775.31 5,100.63 519.37
2018-06-30 2,633.67 5,137.77 363.03
2018-03-31 2,404.96 4,747.23 228.36
2017-12-31 2,267.35 5,379.12 484.53
2017-09-30 2,360.07 5,836.72 772.23
2017-06-30 2,274.72 6,247.81 432.13
2017-03-31 2,064.67 6,423.21 1,069.55
2016-12-31 1,958.77 6,785.07 523.41
2016-09-30 1,808.33 6,895.83 200.75
2016-06-30 1,774.28 7,681.20 1,259.64
2016-03-31 1,749.21 7,780.64 546.20
2015-12-31 1,702.15 7,777.47 534.00
2015-09-30
2015-03-31 1,767.39 6,944.29 641.27
2014-12-31 1,795.93 7,080.29 711.72
2014-09-30 2,120.30 7,438.60 590.08
2014-03-31
2013-12-31 2,149.31 5,989.79 1,899.71
2013-09-30 2,216.39 2,253.79 517.74
2013-06-30 2,205.88 2,538.90 732.70
2013-03-31 2,178.49 2,765.72 418.59
  • Studio Press Nigeria's level of debt (98.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (394.2% vs 98.5% today).
  • Debt is well covered by operating cash flow (77.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Studio Press Nigeria's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Studio Press Nigeria has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Studio Press Nigeria's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Studio Press Nigeria dividends.
If you bought NGN2,000 of Studio Press Nigeria shares you are expected to receive NGN0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Studio Press Nigeria's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Studio Press Nigeria's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NGSE:STUDPRESS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Africa Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 10%
Nigeria Market Average Dividend Yield Market Cap Weighted Average of 68 Stocks 11.3%
Nigeria Minimum Threshold Dividend Yield 10th Percentile 2.2%
Nigeria Bottom 25% Dividend Yield 25th Percentile 5%
Nigeria Top 25% Dividend Yield 75th Percentile 12.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Studio Press Nigeria has not reported any payouts.
  • Unable to verify if Studio Press Nigeria's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Studio Press Nigeria's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Studio Press Nigeria has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Studio Press Nigeria's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Studio Press Nigeria afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Studio Press Nigeria has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Studio Press Nigeria's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Studio Press Nigeria has no CEO, or we have no data on them.
Management Team

Roger Sherlow

TITLE
MD & Director

Bamidele Bello

TITLE
Chief Financial Officer

Sudip Maitra

TITLE
Executive Director
Board of Directors

Michael Oni

TITLE
Chairman

Roger Sherlow

TITLE
MD & Director

Sudip Maitra

TITLE
Executive Director

Kolawole Ogunsanya

TITLE
Independent Director

Davis Onifade

TITLE
Non-Executive Director
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NGN) Value (NGN)
X
Management checks
We assess Studio Press Nigeria's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Studio Press Nigeria has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Studio Press Nigeria Plc engages in the lithographic printing; and manufacture of cartons and light packaging materials, including labels. It is also involved in flexo printing, such as nylons and poly wrappers. The company was incorporated in 1965 and is based in Lagos, Nigeria. Studio Press Nigeria Plc is a subsidiary of Rommac Agencies Limited.

Details
Name: Studio Press Nigeria Plc
STUDPRESS
Exchange: NGSE
Founded: 1965
NGN1,183,822,568
594,885,713
Website: http://
Address: Studio Press Nigeria Plc
Israel Adebajo Close,
Plot B,
Lagos,
Nigeria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NGSE STUDPRESS Ordinary Shares Nigerian Stock Exchange NG NGN 19. Sep 2000
Number of employees
Current staff
Staff numbers
246
Studio Press Nigeria employees.
Industry
Commercial Printing
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 18:03
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2020/01/30
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.