ZENITHBANK: Stronger Revenue And Margin Outlook Will Drive Share Upside

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

25 Apr 25

Updated

04 Jan 26

Views

330

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

51.6%

7D

6.0%

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1Y

51.6%

7D

6.0%

You can edit this narrative until Jan 5 9:10 PM. Then, changes will post as Updates.

Author's Valuation

₦84.027.2% undervalued

AnalystConsensusTarget Fair Value

Shared on 04 Jan 26

ZENITHBANK: Future Dividend And Earnings Strength Will Drive Share Price Upside

Analysts have nudged their price target on Zenith Bank slightly higher to reflect modest adjustments in the discount rate and future price-to-earnings assumptions, while maintaining broadly unchanged views on fair value and underlying growth and profitability. What's in the News Board meeting scheduled for January 29, 2026, to review the Group's audited financial statements for the year ending December 31, 2025 (Key Developments) Directors to consider a proposal for recommendation of the full-year dividend to shareholders at the same January 29, 2026 board meeting (Key Developments) Valuation Changes Fair Value: Unchanged at NGN 84.02 per share, indicating no revision to the analyst central valuation view.

Shared on 16 Dec 25

Fair value Increased 7.27%

ZENITHBANK: Future Earnings Momentum Will Drive Upside As Margins Improve

Analysts have raised their price target for Zenith Bank by approximately 7 percent to align with an updated fair value estimate of about $84. This change reflects slightly stronger expected revenue growth and a marginally lower discount rate, which more than offset a small reduction in projected profit margins and a modestly higher future price-to-earnings multiple.

Shared on 02 Dec 25

Fair value Increased 1.09%

ZENITHBANK: Future Earnings Momentum Will Drive Upside As Margins Improve

Analysts have raised their price target for Zenith Bank from ₦77.48 to ₦78.33, citing expectations of stronger revenue growth and improved profit margins in recent forecasts. What's in the News Board meeting scheduled for October 30, 2025, to review unaudited financial statements for the third quarter ended September 30, 2025 (Key Developments).

Shared on 18 Nov 25

ZENITHBANK: Improved Discount Rate And Earnings Outlook Signal Upside Potential

Analysts have adjusted their price target for Zenith Bank slightly, now valuing the share at ₦77.48. They cite modest improvements in the discount rate and projected profitability metrics as primary factors for the change.

Shared on 03 Nov 25

Fair value Increased 5.71%

Narrative Update: Zenith Bank Analyst Price Target Revised Upward Analysts have raised their fair value estimate for Zenith Bank from ₦73.30 to ₦77.48. They cite stronger expected revenue growth and improved profit margins as key drivers of the upward revision.

Shared on 20 Oct 25

Fair value Increased 5.79%

The analyst price target for Zenith Bank has been raised from ₦69.28 to ₦73.30 as analysts factor in enhanced revenue growth expectations, even though there is a slight moderation in profit margin forecasts. What's in the News A board meeting is scheduled for October 30, 2025 to consider the unaudited financial statements for the third quarter ended September 30, 2025 (Key Developments).

Shared on 10 Aug 25

Fair value Increased 5.66%

Despite a substantial drop in projected revenue growth, Zenith Bank’s consensus price target has been raised, primarily driven by a notable improvement in net profit margin, which has boosted fair value from NGN65.57 to NGN69.28. What's in the News Board meeting scheduled to review audited H1 2025 financial statements.

Shared on 01 May 25

AnalystConsensusTarget Fair Value

₦84.02

7.2% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

18.31%

Banks revenue growth rate

0.28%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

28.43%

Calculation

₦1.85t

Earnings '29

x

4.05x

PE Ratio '29

=

₦7.52t

Market Cap '29

₦7.52t

Market Cap '29

/

41.07b

No. shares '29

=

₦182.99

Share Price '29

₦182.99 Share Price '29

Discounted to 2026 @ 29.62% p.a.

=

₦84.02

Fair Value '26