NCM 2020: Healthcare Sector - NEIMETH Tops on ROE and PAT Margin

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Wednesday, February 17, 2021   /04:00 AM / By Proshare Research/ Header Image Credit: EcoGraphics


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The COVID-19 pandemic is a global phenomenon that has greatly shaped the first half of the year 2020 with projected long-lasting effects across major sectors of the economy. Most, importantly exposed the deficiencies of the health sector leaving healthcare providers overwhelmed across the continent.

 

The healthcare sector being a direct recipient of the downturns the COVID-19 pandemic caused in 2020, an unprecedented period of instability as the twin shock from the coronavirus pandemic, drop in oil prices hit the oil market and other macroeconomic challenges, taking billions off the stock prices of major healthcare companies.

 

As a case study, Neimeth International Pharmaceuticals Plc, a manufacturer of and marketer of pharmaceutical products released its statement of profit or loss for the year ended 30th Sept 2020 with turnover for the fourth quarter up by +26.9% to N3.01bn in Q4 2020 from N2.37bn in Q4 2019.

 

Further Year-on-Year analysis reveals that the company's PBT increased from N304.4m in Q4 2019 to N366.31m in Q4 2020, up by 20.3% the highest in the past five years. The rise in profit could be attributed to a significant increase in the company's revenue of +26.9%.

 

A cursory review of the EPS ratio of the Healthcare sector reveals that FIDSON tops based on EPS and closely followed by MAYBAKER and GLAXOSMITH while PHARMDEKO and EKOCORP lead otherwise with negative EPS

 

Table 52:  Healthcare Sector -EPS

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A review of the PE Ratio of the Healthcare services revealed that GLAXOSMITH and NEIMETH top the table while EKOCORP and MORISON lead otherwise with negative figures.


Table 53:  Healthcare Sector -PE Ratio


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NEIMETH tops the healthcare sector on Return on Equity (RoE) ratio, while MORISON recorded the least ratio with a negative figure. 


 Table 54:  Healthcare Sector -ROE


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NEIMETH tops the healthcare sector's PAT Margin as MAYBAKER follows on the ladder, while PHARMDEKO and UNIONDAC recorded the least percentage figure.


Table 55:  Healthcare Sector -PAT Margin

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Do feel free to share your opinions/observations and feedback with us vide content@proshareng.com and/or research@proshareng.com 


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Downloadable PDF - The 2020 Nigerian Capital Market Report

1.       Complete Report: The Nigerian Capital Market Report 2020: Leveraging a Crisis - Jan 28, 2021

2.       Executive SummaryThe Nigerian Capital Market Report 2020: Leveraging a Crisis - Jan 28, 2021

 

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