The Initiates Statistics

Total Valuation

The Initiates has a market cap or net worth of NGN 6.14 billion. The enterprise value is 6.62 billion.

Market Cap	6.14B
Enterprise Value	6.62B

Important Dates

The last earnings date was Monday, April 28, 2025.

Earnings Date	Apr 28, 2025
Ex-Dividend Date	Apr 7, 2025

Share Statistics

The Initiates has 889.98 million shares outstanding.

Current Share Class	889.98M
Shares Outstanding	889.98M
Shares Change (YoY)	n/a
Shares Change (QoQ)	n/a
Owned by Insiders (%)	35.36%
Owned by Institutions (%)	n/a
Float	260.75M

Valuation Ratios

The trailing PE ratio is 4.45.

PE Ratio	4.45
Forward PE	n/a
PS Ratio	1.32
PB Ratio	2.48
P/TBV Ratio	2.48
P/FCF Ratio	44.86
P/OCF Ratio	9.49
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 3.19, with an EV/FCF ratio of 48.37.

EV / Earnings	4.80
EV / Sales	1.42
EV / EBITDA	3.19
EV / EBIT	3.30
EV / FCF	48.37

Financial Position

The company has a current ratio of 1.44, with a Debt / Equity ratio of 0.21.

Current Ratio	1.44
Quick Ratio	1.42
Debt / Equity	0.21
Debt / EBITDA	0.26
Debt / FCF	3.86
Interest Coverage	30.11

Financial Efficiency

Return on equity (ROE) is 75.55% and return on invested capital (ROIC) is 50.14%.

Return on Equity (ROE)	75.55%
Return on Assets (ROA)	32.65%
Return on Invested Capital (ROIC)	50.14%
Return on Capital Employed (ROCE)	64.90%
Revenue Per Employee	84.79M
Profits Per Employee	25.09M
Employee Count	55
Asset Turnover	1.21
Inventory Turnover	103.33

Taxes

Income Tax	n/a
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has increased by +200.00% in the last 52 weeks. The beta is -0.38, so The Initiates's price volatility has been lower than the market average.

Beta (5Y)	-0.38
52-Week Price Change	+200.00%
50-Day Moving Average	4.41
200-Day Moving Average	2.94
Relative Strength Index (RSI)	82.29
Average Volume (20 Days)	1,644,115

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, The Initiates had revenue of NGN 4.66 billion and earned 1.38 billion in profits. Earnings per share was 1.55.

Revenue	4.66B
Gross Profit	2.46B
Operating Income	2.01B
Pretax Income	2.05B
Net Income	1.38B
EBITDA	2.07B
EBIT	2.01B
Earnings Per Share (EPS)	1.55

Full Income Statement

Balance Sheet

The company has 47.58 million in cash and 528.81 million in debt, giving a net cash position of -481.23 million or -0.54 per share.

Cash & Cash Equivalents	47.58M
Total Debt	528.81M
Net Cash	-481.23M
Net Cash Per Share	-0.54
Equity (Book Value)	2.47B
Book Value Per Share	2.78
Working Capital	900.50M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 646.77 million and capital expenditures -509.87 million, giving a free cash flow of 136.90 million.

Operating Cash Flow	646.77M
Capital Expenditures	-509.87M
Free Cash Flow	136.90M
FCF Per Share	0.15

Full Cash Flow Statement

Margins

Gross margin is 52.66%, with operating and profit margins of 43.01% and 29.58%.

Gross Margin	52.66%
Operating Margin	43.01%
Pretax Margin	44.01%
Profit Margin	29.58%
EBITDA Margin	44.46%
EBIT Margin	43.01%
FCF Margin	2.94%

Dividends & Yields

This stock pays an annual dividend of 0.10, which amounts to a dividend yield of 1.45%.

Dividend Per Share	0.10
Dividend Yield	1.45%
Dividend Growth (YoY)	n/a
Years of Dividend Growth	4
Payout Ratio	4.09%
Buyback Yield	n/a
Shareholder Yield	1.45%
Earnings Yield	22.47%
FCF Yield	2.23%

Dividend Details

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

The Initiates has an Altman Z-Score of 3.31.

Altman Z-Score	3.31
Piotroski F-Score	n/a