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Nigerian (NSE) Capital Markets Industry Analysis

UpdatedApr 16, 2025
DataAggregated Company Financials
Companies5
  • 7D8.8%
  • 3M-8.9%
  • 1Y114.2%
  • YTD-10.1%

The Capital Markets industry is up 8.8% in the last week, with VFD Group up 45%. In the last 12 months, the industry was up 114%.

Industry Valuation and Performance

Has the Nigerian Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Apr 2025₦509.1b₦87.3b₦43.5b13.3x11.7x5.8x
Fri, 14 Mar 2025₦545.8b₦87.3b₦43.5b11x12.5x6.3x
Sun, 09 Feb 2025₦613.4b₦69.8b₦36.4b15.2x16.8x8.8x
Tue, 07 Jan 2025₦587.2b₦55.7b₦29.3b28.3x20x10.6x
Thu, 05 Dec 2024₦450.3b₦55.7b₦29.3b15.5x15.4x8.1x
Sat, 02 Nov 2024₦449.1b₦45.9b₦24.2b12.8x18.5x9.8x
Mon, 30 Sep 2024₦450.0b₦45.6b₦19.7b13.6x22.9x9.9x
Wed, 28 Aug 2024₦441.1b₦45.6b₦19.7b13.7x22.4x9.7x
Fri, 26 Jul 2024₦337.4b₦41.8b₦19.4b15.8x17.4x8.1x
Sun, 23 Jun 2024₦235.0b₦32.4b₦19.9b10.4x11.8x7.2x
Tue, 21 May 2024₦209.2b₦32.4b₦19.9b8.7x10.5x6.5x
Thu, 18 Apr 2024₦219.5b₦31.9b₦18.9b9.6x11.6x6.9x
Sat, 16 Mar 2024₦229.2b₦44.8b₦16.7b12.1x13.7x5.1x
Mon, 12 Feb 2024₦234.0b₦43.8b₦13.2b14.8x17.7x5.3x
Wed, 10 Jan 2024₦262.6b₦43.8b₦13.2b17.2x19.9x6x
Fri, 08 Dec 2023₦208.9b₦43.8b₦13.2b12.3x15.8x4.8x
Sun, 05 Nov 2023₦200.4b₦44.2b₦13.4b12.3x14.9x4.5x
Tue, 03 Oct 2023₦163.1b₦38.3b₦11.2b13x14.6x4.3x
Thu, 31 Aug 2023₦150.8b₦38.3b₦11.2b12.2x13.5x3.9x
Sat, 29 Jul 2023₦157.2b₦39.4b₦11.7b12.3x13.4x4x
Mon, 26 Jun 2023₦166.4b₦39.2b₦11.9b10.4x14x4.2x
Wed, 24 May 2023₦150.8b₦39.2b₦11.9b8.7x12.7x3.8x
Fri, 21 Apr 2023₦140.2b₦39.2b₦12.0b7.2x11.7x3.6x
Sun, 19 Mar 2023₦146.9b₦37.8b₦11.8b8x12.4x3.9x
Tue, 14 Feb 2023₦159.7b₦28.2b₦15.5b8x10.3x5.7x
Thu, 12 Jan 2023₦139.4b₦26.5b₦13.9b31.1x10x5.3x
Sat, 10 Dec 2022₦127.9b₦26.3b₦13.9b29.5x9.2x4.9x
Mon, 07 Nov 2022₦109.6b₦27.9b₦15.6b10.5x7x3.9x
Wed, 05 Oct 2022₦104.9b₦27.1b₦15.2b10.5x6.9x3.9x
Fri, 02 Sep 2022₦115.5b₦27.1b₦15.2b11.1x7.6x4.3x
Sun, 31 Jul 2022₦110.0b₦25.1b₦14.1b16.2x7.8x4.4x
Tue, 28 Jun 2022₦126.0b₦23.7b₦14.2b14x8.9x5.3x
Thu, 26 May 2022₦122.9b₦23.7b₦14.2b13.3x8.7x5.2x
Sat, 23 Apr 2022₦128.4b₦23.7b₦14.2b13.9x9.1x5.4x
Price to Earnings Ratio

9.1x


Total Market Cap: ₦128.4bTotal Earnings: ₦14.2bTotal Revenue: ₦23.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Capital Markets Industry Price to Earnings3Y Average 13.5x202320242025
Current Industry PE
  • Investors are pessimistic on the Nigerian Capital Markets industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 11.7x which is lower than its 3-year average PE of 13.5x.
  • The industry is trading close to its 3-year average PS ratio of 5.9x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 45% per year over the last three years.
  • Revenues for these companies have grown 54% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Nigerian Financials industry?

NG Market0.34%
Financials0.12%
Capital Markets8.79%
Asset Management44.60%
Investment Banking and Brokerage1.70%
Financial Exchanges and Data-2.93%
Industry PE
  • Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 4.4x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Financial Exchanges and Data industry, which is trading below its 3-year average of 39.1x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
VFDGROUP VFD Group₦96.0045.5%
+₦38.0b		136.6%PE15.8x
AFRIPRUD Africa Prudential₦13.708.7%
+₦4.4b		297.1%PE30.3x
UCAP United Capital₦14.550.3%
+₦900.0m		117.7%PE10.9x
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AFRIPRUD

₦13.70

Africa Prudential

7D

8.7%

1Y

297.1%

NGXGROUP

₦31.50

Nigerian Exchange Group

7D

-2.9%

1Y

35.8%

VFDGROUP

₦96.00

VFD Group

7D

45.5%

1Y

136.6%

UCAP

₦14.55

United Capital

7D

0.3%

1Y

117.7%

DEAPCAP

₦0.90

DEAP Capital Management & Trust

7D

-5.3%

1Y

32.4%