Financials Guaranty Trust Holding Company Plc London S.E.

Equities

Market Closed - London S.E. Other stock markets 09:05:13 17/05/2024 pm IST			5-day change	1st Jan Change
1.94 ^USD	+0.52%		-6.73%	-28.15%

03/05	Guaranty Trust Holding Company Plc Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
12/04	Transcript : Guaranty Trust Holding Company Plc, 2023 Earnings Call, Apr 12, 2024

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,25,211	7,40,797	5,69,240	4,90,019	8,62,860	8,50,077	-	-
Enterprise Value (EV) ¹	8,25,211	7,40,797	5,69,240	4,90,019	8,62,860	8,50,077	8,50,077	8,50,077
P/E ratio	4.27 x	4.55 x	4.26 x	3.87 x	2.12 x	1.53 x	2.24 x	0.31 x
Yield	9.43%	9.27%	11.5%	13%	-	10.4%	13.6%	16.7%
Capitalization / Revenue	2.25 x	1.84 x	1.45 x	1.07 x	-	0.64 x	0.64 x	0.59 x
EV / Revenue	2.25 x	1.84 x	1.45 x	1.07 x	-	0.64 x	0.64 x	0.59 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.24 x	1.14 x	0.89 x	0.74 x	-	0.72 x	0.6 x	0.51 x
Nbr of stocks (in thousands)	2,77,84,888	2,28,99,430	2,18,93,831	2,13,05,181	2,13,05,181	2,13,05,181	-	-
Reference price ²	29.70	32.35	26.00	23.00	40.50	39.90	39.90	39.90
Announcement Date	02/03/20	19/03/21	07/03/22	17/04/23	09/04/24	-	-	-

¹NGN in Million²NGN

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,67,490	4,01,916	3,93,056	4,59,983	-	13,22,660	13,18,104	14,42,374
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	2,36,519	2,54,477	2,30,029	2,26,141	7,12,262	6,18,623	7,16,259	8,17,387
Operating Margin	64.36%	63.32%	58.52%	49.16%	-	46.77%	54.34%	56.67%
Earnings before Tax (EBT) ¹	2,31,708	2,38,095	2,21,500	2,14,200	6,09,308	8,06,073	8,15,662	9,53,882
Net income ¹	1,95,382	1,99,609	1,72,107	1,66,737	5,34,425	7,68,720	6,11,194	7,00,863
Net margin	53.17%	49.66%	43.79%	36.25%	-	58.12%	46.37%	48.59%
EPS ²	6.960	7.110	6.100	5.950	19.07	26.12	17.80	129.2
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	2.800	3.000	3.000	3.000	-	4.155	5.443	6.655
Announcement Date	02/03/20	19/03/21	07/03/22	17/04/23	09/04/24	-	-	-

¹NGN in Million²NGN

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	37.4%	27.1%	20.6%	18.8%	-	43.1%	29.2%	25.8%
ROA (Net income/ Total Assets)	6.58%	4.59%	3.4%	2.81%	-	6.1%	4.1%	3.7%
Assets ¹	29,70,798	43,51,786	50,61,976	59,41,306	-	1,26,01,967	1,49,07,171	1,89,42,243
Book Value Per Share ²	24.00	28.40	29.40	31.00	-	55.20	66.00	77.70
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	02/03/20	19/03/21	07/03/22	17/04/23	09/04/24	-	-	-

¹NGN in Million²NGN

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

39.9 NGN

Average target price

61.98 NGN

Spread / Average Target

+55.35%

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