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Top Nigerian (NSE) Growth Stocks
UPDATED Aug 14, 2022
What are the best Nigerian (NSE) Growth Stocks?
According to our Simply Wall St analysis these are the best Nigerian growth companies. We look for companies with high forecasted growth and healthy balance sheets that can deliver sustained growth over the long term.
Our criteria to find Top Growth Companies
Growth
- Companies with sustained revenue growth that outperforms the market are attractive to investors. These companies are most likely to appreciate in share price over time.
What do we look for?
- Is the company forecast to have high earnings growth.
Healthy Balance Sheet
- A healthy balance sheet is essential to drive growth opportunities and sustain the business.
- Repayments on debt take precedence over other initiatives to improve shareholder returns, so investors want to make sure the company is comfortably positioned to cover its debts.
What do we look for?
- Does the company have a manageable level of debt.
- Is the company able to cover its interest repayments.
2 companies meet this criteria in the Nigerian market
Guaranty Trust Holding Company Plc operates as a financial holding company for Guaranty Trust Bank Plc that provides commercial banking services in Nigeria, Ghana, Gambia, Sierra Leone, Liberia, Cote D'Ivoire, Kenya, Uganda, Rwanda, Tanzania, and the United Kingdom.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: GTCO's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
Future ROE
High Growth Revenue
Rewards
Trading at 32.9% below our estimate of its fair value
Earnings are forecast to grow 22.72% per year
Risks
Shareholders have been diluted in the past year
Stanbic IBTC Holdings PLC, a financial holding company, provides banking and other financial services to corporate and individual customers in Nigeria and internationally.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: STANBIC's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
Future ROE
High Growth Revenue
Rewards
Trading at 2% below our estimate of its fair value
Earnings are forecast to grow 20.53% per year
Risks
High level of non-cash earnings