Nigerian (NSE) Market Analysis & Valuation
UpdatedMay 24, 2022
DataAggregated Company Financials
Companies144
- 7D-0.8%
- 3M9.8%
- 1Y29.1%
- YTD14.8%
In the last week, the market has stayed flat, however the Consumer Discretionary sector stood out, gaining 9.6%. Meanwhile, the market is actually up 29% over the past year. Earnings are forecast to grow by 14% annually.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Nigerian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Tue, 24 May 2022 | ₦22.2t | ₦13.3t | ₦2.2t | 8.7x |
| Thu, 21 Apr 2022 | ₦20.2t | ₦12.6t | ₦2.1t | 8.8x |
| Sat, 19 Mar 2022 | ₦20.1t | ₦12.6t | ₦2.1t | 8.4x |
| Mon, 14 Feb 2022 | ₦20.0t | ₦12.3t | ₦2.1t | 8.7x |
| Wed, 12 Jan 2022 | ₦19.2t | ₦11.6t | ₦1.9t | 7.4x |
| Fri, 10 Dec 2021 | ₦18.0t | ₦11.6t | ₦1.9t | 7x |
| Sun, 07 Nov 2021 | ₦18.4t | ₦11.6t | ₦1.8t | 7.4x |
| Tue, 05 Oct 2021 | ₦17.6t | ₦11.1t | ₦1.8t | 7.4x |
| Thu, 02 Sep 2021 | ₦17.1t | ₦11.7t | ₦1.8t | 7.4x |
| Sat, 31 Jul 2021 | ₦17.3t | ₦11.7t | ₦1.8t | 7.4x |
| Tue, 04 May 2021 | ₦16.7t | ₦10.9t | ₦1.7t | 7.6x |
| Fri, 05 Feb 2021 | ₦18.0t | ₦10.6t | ₦1.6t | 8x |
| Mon, 09 Nov 2020 | ₦13.8t | ₦10.3t | ₦1.5t | 7.1x |
| Sun, 02 Aug 2020 | ₦11.1t | ₦10.0t | ₦1.5t | 6.6x |
| Wed, 06 May 2020 | ₦10.4t | ₦10.2t | ₦1.6t | 6.6x |
| Sat, 08 Feb 2020 | ₦11.9t | ₦9.7t | ₦1.5t | 6.8x |
| Fri, 01 Nov 2019 | ₦10.8t | ₦9.6t | ₦1.6t | 6x |
| Mon, 05 Aug 2019 | ₦11.6t | ₦9.7t | ₦1.6t | 7.2x |
Median PE Ratio
7.3x
Current Market PE
- Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 7.2x.
Past Earnings Growth
- The earnings for Nigerien listed companies have grown 13% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Nigerian Market?
| NG Market | -0.81% | |
| Consumer Discretionary | 9.58% | |
| Energy | 0.75% | |
| Materials | -0.085% | |
| Tech | -0.38% | |
| Consumer Staples | -0.39% | |
| Industrials | -0.51% | |
| Financials | -0.71% | |
| Real Estate | -1.51% | |
| Telecom | -2.54% | |
| Healthcare | -4.43% | |
| Utilities | -8.45% | |
Sector PE
- Investors are most optimistic about the Consumer Staples sector which is trading above its 3-year average PE ratio of 13.2x.
- Analysts are expecting annual earnings growth of 23%, which is lower than the prior year's growth of 61% per year.
- This could indicate that the market believes that analysts are underestimating future growth.
- Investors are most pessimistic about the Utilities sector, which is trading below its 3-year average of 25.9x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Staples sector, expecting annual earnings growth of 23% over the next 5 years.
- However this is lower than its past earnings growth rate of 61% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 3.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| STANBIC Stanbic IBTC Holdings | ₦34.50 | 4.5% +₦19.4b | -12.5% | PS7.7x | Financials | |
| TRANSCOHOT Transcorp Hotels | ₦5.89 | 20.7% +₦10.3b | 65.0% | PS27.2x | Consumer Discretionary | |
| ACCESSCORP Access Holdings | ₦10.00 | 2.0% +₦6.9b | 23.5% | PB0.3x | Financials | |
| ABBEYBDS Abbey Mortgage Bank | ₦1.80 | 20.0% +₦3.0b | 71.4% | PB2.6x | Financials | |
| BETAGLAS Beta Glass | ₦62.55 | 9.7% +₦2.8b | 15.8% | PS6.2x | Materials |