C & I Leasing PLC

C & I Leasing PLC has a debt-to-equity ratio of 1.5, indicating a moderate reliance on debt financing, with total liabilities of NGN 91.9 billion and total equity of NGN 43.6 billion. Free cash flow stands at NGN 3.39 billion, while operating cash flow is NGN 9.44 billion, suggesting the company generates sufficient cash to cover operations but has limited surplus for reinvestment or debt reduction. The liquidity risk is assessed as medium, with net cash negative after subtracting total debt. Profitability metrics show a return on equity (ROE) of 5.79% and a return on assets (ROA) of 1.86%, both below the typical thresholds for financial institutions, which often aim for ROE above 10% and ROA above 2%. Operating income of NGN 19.65 billion and net income of NGN 2.53 billion reflect a net margin of 5.0%, which is relatively low for a financial services firm. The company operates across four segments: Fleet Management, Personnel Outsourcing, Marine Services, and Citrack, with geographic exposure in Nigeria, Ghana, and the United Arab Emirates. Revenue concentration is not explicitly disclosed, but the Nigerian segment is likely the largest contributor, given the company's base and primary operations. Growth trajectory is constrained by a capital expenditure of NGN -11.68 billion, indicating a net outflow from investment activities. Analysts have issued a single "Buy" recommendation with a mean price target of NGN 8.82, but no strong buy or hold ratings, suggesting limited near-term upside. Historical revenue of NGN 50.51 billion indicates a stable but non-explosive growth profile. Risk factors include medium liquidity risk and a negative net cash position after debt, which could limit the company's ability to meet short-term obligations. Dilution risk is assessed as low, with no significant changes in shares outstanding between basic and diluted shares. No recent dilutive events or adjustments are reported in the valuation snapshot. Recent events include the publication of the latest financial snapshot, which includes revenue, operating income, and net income figures, but no specific filings or transcripts are cited in the input data.