JOHN HOLT: STOCK ANALYSIS
COMPANY OVERVIEW
John Holt Plc is a diversified Nigerian company involved in several sectors, including:
Power Equipment: Assembling, selling, leasing, and servicing power equipment.
Fire Fighting Equipment: Sales and servicing.
Marine Services: Boat building, marine equipment sales and servicing, and marine transport.
Property Services: Warehousing and construction.
Cooling Systems: Sales, installation, maintenance, and leasing of HOLT STAR air conditioners.
Generators: Sales, installation, maintenance, and leasing of diesel generators and spare parts.
Fire and Safety Equipment: Distribution and servicing.
The company was founded in 1862 and is headquartered in Lagos, Nigeria.
John Holt began the year with a share price of 2.32 NGN and has since gained 32.8%, ranking it 42nd on the NGX in terms of year-to-date performance. Shareholders can be optimistic about the stock, as it has accrued a 10% gain over the past four-week period, making it the 35th best performer on the NGX. John Holt is the 100th most traded stock on the Nigerian Stock Exchange over the past three months (Jun 19 - Sep 13, 2024).
FINANCIAL SUMMARY (2024)
Stock Price: Current Price is NGN 3.08.
Market Capitalization: Approximately NGN 1.20 billion.
52-Week Range: The stock price ranged from NGN 1.31 to NGN 3.29 over the past year.
Shares Outstanding: 389.15 million.
Free Float: 381.24 million.
John Holt Plc has shown significant growth, with a 1-year stock price change of +112.77%.
FINANCIAL DETAILS AND MARKET POSITION (2024)
PROFIT MARGIN:
John Holt Plc has a profit margin of 31.23% for 2024, indicating that the company retains 31.23% of its revenue as profit after all expenses are deducted.
MARKET POSITION:
John Holt Plc has a market capitalization of approximately NGN 1.20 billion. The company operates across several sectors, including power equipment, fire fighting equipment, marine services, property services, and cooling systems. Despite its diverse portfolio, John Holt faces competition from other companies in the Nigerian market, such as SCOA Nigeria and C & I Leasing.
ANALYST FORECAST:
Currently, there is insufficient analyst coverage to provide a detailed forecast for John Holt Plc. This lack of coverage makes it difficult to reliably predict future earnings and revenue growth.
ANALYST RECOMMENDATION:
At this time, there are no specific analyst recommendations available for John Holt Plc. The absence of detailed reports means that investors may need to rely on their own research and analysis when considering this stock.
DIVIDEND HISTORY:
John Holt Plc has a varied history of dividend payments, with notable points including:
Recent Dividend: The last recorded dividend was paid in 2005, yielding 9.52%.
Dividend Policy: The company has not consistently paid dividends in recent years, likely due to fluctuating financial performance and strategic reinvestments.
RECENT NEWS:
Second Quarter 2024 Earnings: For the quarter ending March 31, 2024, the company reported sales of NGN 390 million, a significant rise from NGN 187 million in the previous year. Net income was NGN 459 million, a major improvement compared to a net loss of NGN 89 million a year earlier.
Third Quarter 2024 Earnings: For the third quarter ending June 30, 2024, the company reported earnings per share (EPS) of NGN 0.98, a marked improvement from a loss of NGN 2.93 per share in the same period of 2023.
SWOT ANALYSIS:
STRENGTHS:
Diversified Portfolio: The company operates across multiple sectors, including power equipment, fire fighting equipment, marine services, and property services, reducing dependency on a single revenue stream.
Established Brand: With a history dating back to 1862, John Holt Plc enjoys strong brand recognition and trust in Nigeria.
WEAKNESSES:
Inconsistent Dividend Payments: The lack of regular dividend payments may deter income-focused investors.
Market Volatility: The company's stock price has shown significant volatility, which could concern risk-averse investors.
OPPORTUNITIES:
Market Expansion: There is growth potential in the Nigerian market, particularly in power and marine services.
Technological Advancements: Investment in new technologies could enhance operational efficiency and open up new revenue streams.
THREATS:
Economic Instability: Nigeria’s unpredictable economic conditions could negatively impact the company’s financial performance.
Competition: John Holt Plc faces competition from other established companies in the same sectors, potentially affecting its market share.
COMPANY OVERVIEW
John Holt Plc is a diversified Nigerian company involved in several sectors, including:
Power Equipment: Assembling, selling, leasing, and servicing power equipment.
Fire Fighting Equipment: Sales and servicing.
Marine Services: Boat building, marine equipment sales and servicing, and marine transport.
Property Services: Warehousing and construction.
Cooling Systems: Sales, installation, maintenance, and leasing of HOLT STAR air conditioners.
Generators: Sales, installation, maintenance, and leasing of diesel generators and spare parts.
Fire and Safety Equipment: Distribution and servicing.
The company was founded in 1862 and is headquartered in Lagos, Nigeria.
John Holt began the year with a share price of 2.32 NGN and has since gained 32.8%, ranking it 42nd on the NGX in terms of year-to-date performance. Shareholders can be optimistic about the stock, as it has accrued a 10% gain over the past four-week period, making it the 35th best performer on the NGX. John Holt is the 100th most traded stock on the Nigerian Stock Exchange over the past three months (Jun 19 - Sep 13, 2024).
FINANCIAL SUMMARY (2024)
Stock Price: Current Price is NGN 3.08.
Market Capitalization: Approximately NGN 1.20 billion.
52-Week Range: The stock price ranged from NGN 1.31 to NGN 3.29 over the past year.
Shares Outstanding: 389.15 million.
Free Float: 381.24 million.
John Holt Plc has shown significant growth, with a 1-year stock price change of +112.77%.
FINANCIAL DETAILS AND MARKET POSITION (2024)
PROFIT MARGIN:
John Holt Plc has a profit margin of 31.23% for 2024, indicating that the company retains 31.23% of its revenue as profit after all expenses are deducted.
MARKET POSITION:
John Holt Plc has a market capitalization of approximately NGN 1.20 billion. The company operates across several sectors, including power equipment, fire fighting equipment, marine services, property services, and cooling systems. Despite its diverse portfolio, John Holt faces competition from other companies in the Nigerian market, such as SCOA Nigeria and C & I Leasing.
ANALYST FORECAST:
Currently, there is insufficient analyst coverage to provide a detailed forecast for John Holt Plc. This lack of coverage makes it difficult to reliably predict future earnings and revenue growth.
ANALYST RECOMMENDATION:
At this time, there are no specific analyst recommendations available for John Holt Plc. The absence of detailed reports means that investors may need to rely on their own research and analysis when considering this stock.
DIVIDEND HISTORY:
John Holt Plc has a varied history of dividend payments, with notable points including:
Recent Dividend: The last recorded dividend was paid in 2005, yielding 9.52%.
Dividend Policy: The company has not consistently paid dividends in recent years, likely due to fluctuating financial performance and strategic reinvestments.
RECENT NEWS:
Second Quarter 2024 Earnings: For the quarter ending March 31, 2024, the company reported sales of NGN 390 million, a significant rise from NGN 187 million in the previous year. Net income was NGN 459 million, a major improvement compared to a net loss of NGN 89 million a year earlier.
Third Quarter 2024 Earnings: For the third quarter ending June 30, 2024, the company reported earnings per share (EPS) of NGN 0.98, a marked improvement from a loss of NGN 2.93 per share in the same period of 2023.
SWOT ANALYSIS:
STRENGTHS:
Diversified Portfolio: The company operates across multiple sectors, including power equipment, fire fighting equipment, marine services, and property services, reducing dependency on a single revenue stream.
Established Brand: With a history dating back to 1862, John Holt Plc enjoys strong brand recognition and trust in Nigeria.
WEAKNESSES:
Inconsistent Dividend Payments: The lack of regular dividend payments may deter income-focused investors.
Market Volatility: The company's stock price has shown significant volatility, which could concern risk-averse investors.
OPPORTUNITIES:
Market Expansion: There is growth potential in the Nigerian market, particularly in power and marine services.
Technological Advancements: Investment in new technologies could enhance operational efficiency and open up new revenue streams.
THREATS:
Economic Instability: Nigeria’s unpredictable economic conditions could negatively impact the company’s financial performance.
Competition: John Holt Plc faces competition from other established companies in the same sectors, potentially affecting its market share.