The Initiates Plc (NGX:TIP)

The Initiates Ratios and Metrics

Market cap in millions NGN. Fiscal year is January - December.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	May 13, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	6,141	2,225	1,023	427	329	463
Market Cap Growth	117.39%	117.39%	139.58%	29.73%	-28.85%	-25.71%
Enterprise Value	6,622	2,701	1,704	837	332	447
Last Close Price	6.90	2.44	1.09	0.45	0.35	0.49
PE Ratio	4.45	1.61	2.94	-	-	-
PS Ratio	1.32	0.48	0.55	0.51	0.99	1.03
PB Ratio	2.48	0.90	0.87	0.60	0.43	0.55
P/TBV Ratio	2.48	0.90	0.87	0.60	0.43	0.55
P/FCF Ratio	44.86	16.25	-	-	-	-
P/OCF Ratio	9.49	3.44	3.50	1.68	21.18	24.22
EV/Sales Ratio	1.42	0.58	0.92	1.00	0.99	1.00
EV/EBITDA Ratio	3.19	1.30	3.36	21.38	32.23	10.59
EV/EBIT Ratio	3.30	1.35	3.71	-	-	-
EV/FCF Ratio	48.37	19.73	-	-	-	-
Debt / Equity Ratio	0.21	0.21	0.70	0.98	0.91	0.02
Debt / EBITDA Ratio	0.26	0.26	1.62	17.88	68.00	0.40
Debt / FCF Ratio	3.86	3.86	-	-	-	-
Asset Turnover	1.21	1.21	0.80	0.43	0.23	0.39
Inventory Turnover	103.33	103.33	84.30	61.92	48.81	51.23
Quick Ratio	1.42	1.42	0.97	0.76	3.99	0.70
Current Ratio	1.44	1.44	1.11	0.92	4.52	1.46
Return on Equity (ROE)	75.55%	75.55%	36.83%	-7.26%	-9.59%	-9.46%
Return on Assets (ROA)	32.65%	32.65%	12.35%	-0.15%	-1.44%	-0.04%
Return on Capital (ROIC)	50.14%	50.14%	16.84%	-0.21%	-1.82%	-0.06%
Return on Capital Employed (ROCE)	64.90%	64.90%	24.80%	-	-	-
Earnings Yield	22.47%	62.01%	34.02%	-12.57%	-23.46%	-18.11%
FCF Yield	2.23%	6.15%	-0.13%	-88.88%	-2.26%	-3.72%
Dividend Yield	1.45%	4.10%	5.51%	-	-	-
Payout Ratio	4.09%	4.09%	-	-	-	-
Total Shareholder Return	1.45%	4.10%	5.51%	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.