PZ Cussons Plc has delivered higher returns to shareholders in the form of share appreciation than peer rival Unilever Nigeria Plc as the Home and Personal Care (HPC) producers have surmounted the tough and unpredictable macroeconomic environment.
BrandNewsDay reports that PZ has returned 192 percent in the last three years while Unilever has delivered only 33 percent, according to a recent report by Chapel Hill Denham Limited.
The research house added that the premium investors pay on Unilever over PZ had shrunk 19 percent from its peak of 452 percent in July 2019.
However, Unilever has a stronger balance sheet and more consistent earnings growth than PZ.
For instance, Unilever’s HPC revenue has grown at a stronger CAGR of 28.60 percent over 2020-2022, compared to 4.40 percent for PZ, according to data from Chapel Denham.
For a calendared year (CY) basis, Unilever’s margin has been on an upward trajectory compared to PZ which has delivered slimmer margins than the former.
“For clarity, Unilever delivered 6.6 percent and 12.40 percent EBITDA margins in full-year (FY) respectively vs. PZ ‘s 3.0 percent and 5.20 percent in the same period,” said analysts at Chapel Hill Denham.
Stanbic IBTC Trustees, a subsidiary of Stanbic IBTC Holdings, has been recognised as the Most Customer-Focused…
Apple Inc is set to present a slimmer iPhone 17 Air model, marking a potential…
A six-year-old girl, Ella, fatally shot a 28-year-old American police officer last month after witnessing…
The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those…
Stanbic IBTC Bank, a prominent financial institution in Nigeria, has partnered with Autochek, an innovative…
The headline figure derived from the survey is the Stanbic IBTC PMI® - Purchasing Managers’…
This website uses cookies.