₦airaland Forum

yMcy56:
ZENITH
https://doclib.ngxgroup.com/Financial_NewsDocs/42517_ZENITH_BANK_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/42518_STERLING_FINANCIAL_HOLDINGS_COMPANY_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/42514_ECOBANK_TRANSNATIONAL_INCORPORATED-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/42515_BUA_FOODS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/42524_VERITAS_KAPITAL_ASSURANCE_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/42523_ABC_TRANSPORT_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/42513_CORNERSTONE_INSURANCE_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

When I see bank results I quickly go and input the data in my spreadsheet to do a comparison,

GTB has the lowest PE, Highest ROE and like the 4th lowest price to book value.

I siddon gidigba dey look this market

ndept:
https://doclib.ngxgroup.com/Financial_NewsDocs/42460_GUARANTY_TRUST_HOLDING_COMPANY_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

Good result. EPS of 38.41k as against 12.98k

Abeg does anybody know when the shares issued in the latest capital raise get added. They are still using 28b shares ourstanding

Is this service still available?

designking:
Even the UBA positive Q3 report didn't really impact the stock price much.

The market is quiet. We are seeing more offers than bids these days across the market.

On a historical basis the stock is very cheap, heck the sector is cheap. However, given current valuations in the banking sector; this result is not so wow.

For example the return on equity for UBA is less than 20% while GTB is doing 30%

GeeKudi:
Sure, Dangote Refinery will have massive patronage when it lists. Coming from NASD where people already have massive holdings prevented ARADEL from giving us that magic but I believe it will yield bigly when this initial dust settles.

Dangote wont leave that of meat on the table

Streetinvestor2:
That will be a hard one.i only see it possible in new listing maybe from dangota refinery and subsidiaries.Or any big company out thr coming to list.My oga 800% na different level in a short period. To see 200 % in a year in this present nse will require miracle

I see it happening in the banking sector

KarlTom:


You should understand the feeling that comes with gaining up to 800% from a single stock in a couple of months...

I do, but it is not likely to do same any time soon.

zendi:
We're here to make money.

So which other stock has made people more money in recent days than Oando?

The "fixation" is well earned.

Our job right now is to find the next oando before it does an oando

zendi:
Oando's follow-follow, Eterna, shielding it's master from new boy Aradel's cough and catarrh.

This fixation on Oando is very interesting.

Are you guys here to make money or to tell stories

yMcy56:
Nothing that I can think of really....
That's just the market for us.

Return on equity is lower than GTB thou price to book value is much lower as well.

Overall the banks are very cheap

BullBearMkt:
INVESTORS ABANDONING OKOMU RED OIL FOR OIL AND GAS STOCKS
Sellers are dumping OKOMU red oil stocks to capitalise on the ongoing rally in oil and gas stocks, thereby creating a potential buying opportunity for OKOMUOIL. The price is now nearing the demand zone, with a subtle support level ₦320 (circa).

PLAN YOUR TRADES AND TRADE YOUR PLANS

We are watching with side eye

emmanuelewumi:
EPS of N10 is possible at the end of the year. Forward PE of about 30

Thats Expensive in my view

OakPearl:
These are the issues.
Endless acquisitions that always leads to fat total assets but dwarf net assets without regard for minority stakeholders.
You begin to wonder if the owners themselves are really shareholders, because other reasonable founding bank shareholders have made sure returns reflect in the form of dividends.

I believe they are betting on greater integration between African countries. This is a valid long term strategy though I personally don't see that future.

Agbalowomeri:
But if you are convinced that it is going to 200, even 100 sef, then current price is still cheap

True, but I wanted to trade small.

Agbalowomeri:
Dem say Agbaje tif money

Maybe we go fit see am for N20 in November

I say make I use part of the dividends buy more units. Before I transfer funds price don recover

megawealth01:
Expected

Fully reversed. Which kind wahala be this. Make una panic sell oh!!!!

megawealth01:
Expected

I didn't expect it

GTCO down 4% this morning. Wow

jonnysessy:
GTCO interim dividend landed. This is what I call efficiency. Probably will used to add more units.

Distractors can continue their game plan. It has no effect.

Landed as well

essentialone:
So much allegations on GTBank. Should I be worried? Is my deposits and investments in them safe?😭

What allegations?

gbengafaro1986:
i dunno about UBA doing full bid, i thank UBA for the extra liquidity But we all know the N2 dividend is just for ToE to gather cash to take his rights, they made less profit, the dividend is not backed by fundamentals

And it is dangerous investing in companies like this

megawealth01:
LORD show this Nigeria mercy. People don't just know what's happening. The government should be proactive to economic issues with real urgency. If this continues to rise just know that...

Know that what, protests will continue?

faoogoke:
I understand you fully my brother. Because some people did not take a position in a rising stock they speak bad about the stock, make those holding the stock to dump. This is not right.
I have learnt to ignore them and hold on to my stance.
I am happy you recovered.

Investing is not a team sport. We are all playing against each other

designking:
Ellah Lakes might touch ₦10 with this current rally. It looks very good and this company might be the next Okomu Oil

It has definetly jumped on my radar

vacanci:
In all your doings, don't buy stocks at Premium or pursue ones that are flying.

If you follow madam yMcy56, you go enter some of these goodies early enough and be patient.

Jumping out of battered stocks to enter a flying one is riskier than remaining in the battered one.

Leave people oh! Who will provide exit liquidity if everybody does this.

Abeg FOMO is their friend

GTCO no wan shake body. I guess today is markdown so no price movement. Or am I wrong

bovali:
Good question. Its does not. FX was added to revaluation

That means GTB is LIT!!!

Agbalowomeri:
Mega shey you don see. If you be street you go sabi wetin e mean when a naija babe tell you this

I wanna over useful die!!

Yes, knowing how profitable a business is, Fundamental analysis, is very important when investing in the business.

bovali:
Valuation of Access Bank’s Stock: A Comprehensive Analysis Using 10 Methods

In this post, I analyze the potential stock price of Access Bank, a major player in Nigeria’s banking industry, using 10 different valuation methods. For each method, I present a worst, base, and best-case scenario. This approach provides a well-rounded view of the stock’s valuation under various market conditions.

1. Price-to-Earnings (P/E) Ratio

The P/E ratio compares the current share price to the company’s earnings per share (EPS). With an EPS of ₦7.61, I applied three different P/E multiples to arrive at potential price ranges.

• Worst Case (P/E = 4x): ₦30.44
• Base Case (P/E = 8x): ₦60.88
• Best Case (P/E = 12x): ₦91.32

2. Price-to-Book (P/B) Ratio

This method values the stock based on the net asset value of the company. It provides insights into how the market values the bank’s equity in relation to its actual assets.

• Worst Case (P/B = 0.8x): ₦63.86
• Base Case (P/B = 1.2x): ₦95.79
• Best Case (P/B = 1.6x): ₦127.72

3. Discounted Cash Flow (DCF) Model

The DCF model estimates the present value of the company’s future cash flows. This is one of the most comprehensive methods, often used for long-term valuations.

• Worst Case: ₦28.00
• Base Case: ₦65.00
• Best Case: ₦105.00

4. Dividend Discount Model (DDM)

The DDM values a stock based on the present value of future dividend payments. This method is particularly useful for dividend-paying companies like Access Bank.

• Worst Case: ₦22.00
• Base Case: ₦50.00
• Best Case: ₦75.00

5. Asset-Based Valuation

In this method, I assess the value of the stock based on the company’s net assets (assets minus liabilities). This provides a conservative view of the stock price.

• Worst Case: ₦35.00
• Base Case: ₦60.00
• Best Case: ₦80.00

6. Earnings Growth Model

This approach forecasts the company’s future earnings and applies a multiple based on growth expectations.

• Worst Case: ₦25.00
• Base Case: ₦55.00
• Best Case: ₦85.00

7. Price-to-Sales (P/S) Ratio

The P/S ratio compares the stock price to the company’s revenue per share. It’s useful when earnings are volatile or when valuing early-stage companies.

• Worst Case: ₦12.94
• Base Case: ₦32.34
• Best Case: ₦51.74

8. Enterprise Value-to-EBITDA (EV/EBITDA)

This method looks at the company’s enterprise value relative to its earnings before interest, taxes, depreciation, and amortization (EBITDA).

• Worst Case: ₦30.00
• Base Case: ₦65.00
• Best Case: ₦100.00

9. Relative Valuation (Comparables)

Relative valuation compares Access Bank’s valuation multiples (like P/E and P/B) to its peers in the Nigerian banking sector. This method provides context by assessing how Access Bank compares to competitors.

• Worst Case: ₦27.00
• Base Case: ₦58.00
• Best Case: ₦90.00

10. Economic Value Added (EVA)

EVA measures the company’s ability to generate returns above its cost of capital. This is a good indicator of the company’s profitability and long-term value creation.

• Worst Case: ₦32.00
• Base Case: ₦55.00
• Best Case: ₦90.00

Summary:

To provide a concise summary, I calculate the average share price across the 10 valuation methods for the worst, base, and best-case scenarios:

• Worst Case Average: ₦30.73
• Base Case Average: ₦59.90
• Best Case Average: ₦88.88

The current stock price of Access Holdings PLC (ACCESSCORP) as of September 20, 2024, is ₦19.00 per share, following a 3.06% decline from the previous day. Over the past year, the stock has ranged from a low of ₦15.45 (September 28, 2023) to a high of ₦30.70 (January 18, 2024). This price trend reflects some volatility, with the stock trading closer to the lower end of its annual range recently. I expect another low to high cycle this September to January period again.

Given this context, the stock is currently trading well below the upper bounds projected in the best-case valuation but aligns more closely with some of the base-case valuations derived from the methods I used earlier. This highlights that the stock might have more growth potential if conditions improve, but it is still trading near recent lows.
Not financial advice. DYOR

Does your EPS of N7.61 include FX gains?

Agbalowomeri:
Lol

Oga Nosa dey dream GTCo

Yes oh. Na where your money dey your heart dey

Streetinvestor2:
I expect 50%-70% change in some selected banks but not 100%.This is because of too much inconsistant/regulations from cbn.The cbn tend to be holding the banks by the neck too much.

I dont invest like this. I have a target forward PE in mind and I will allow it to guide me. I may sell some units along the way though

designking:
Which bank... Pls give us update so that we can key in

GTCO