Access Holdings Plc

NGSE:ACCESSCORP Stock Report

Market Cap: ₦772.7b

Access Holdings Valuation

Is ACCESSCORP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • PM vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ACCESSCORP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ACCESSCORP (NGN22.5) is trading above our estimate of fair value (NGN10.81)

Significantly Below Fair Value: ACCESSCORP is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for ACCESSCORP?

Other financial metrics that can be useful for relative valuation.

ACCESSCORP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio-0.5x

Price to Earnings Ratio vs Peers

How does ACCESSCORP's PE Ratio compare to its peers?

The above table shows the PE ratio for ACCESSCORP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average2.3x
GTCO Guaranty Trust Holding
2.1x-4.7%₦830.9b
UBA United Bank for Africa
1.7x-10.7%₦836.2b
FBNH FBN Holdings
3.3x-2.2%₦1.0t
ZENITHBANK Zenith Bank
2.3x13.1%₦1.1t
ACCESSCORP Access Holdings
2.9x-6.1%₦772.7b

Price-To-Earnings vs Peers: ACCESSCORP is expensive based on its Price-To-Earnings Ratio (2.9x) compared to the peer average (2.3x).


Price to Earnings Ratio vs Industry

How does ACCESSCORP's PE Ratio compare vs other companies in the African Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-2.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-2.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ACCESSCORP is good value based on its Price-To-Earnings Ratio (2.9x) compared to the African Banks industry average (5.9x).


Price to Earnings Ratio vs Fair Ratio

What is ACCESSCORP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ACCESSCORP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.9x
Fair PE Ratio2.2x

PM vs Fair Ratio: ACCESSCORP is expensive based on its Price-To-Earnings Ratio (2.9x) compared to the estimated Fair Price-To-Earnings Ratio (2.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ACCESSCORP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₦22.50
₦22.67
+0.8%
17.4%₦29.30₦18.95n/a4
Feb ’25₦24.95
₦22.67
-9.1%
17.4%₦29.30₦18.95n/a4
Jan ’25₦23.15
₦22.67
-2.1%
17.4%₦29.30₦18.95n/a4
Dec ’24₦18.05
₦20.67
+14.5%
12.5%₦24.80₦18.10n/a4
Nov ’24₦17.90
₦19.17
+7.1%
19.8%₦24.80₦13.14n/a5
Oct ’24₦15.75
₦19.22
+22.0%
22.1%₦24.80₦13.14n/a4
Sep ’24₦17.20
₦17.36
+0.9%
18.4%₦20.84₦13.14n/a3
Aug ’24₦16.60
₦15.77
-5.0%
24.7%₦20.84₦11.00n/a4
Jul ’24₦16.60
₦15.30
-7.9%
24.2%₦20.84₦11.00n/a4
Jun ’24₦12.20
₦15.30
+25.4%
24.2%₦20.84₦11.00n/a4
May ’24₦10.15
₦15.30
+50.7%
24.2%₦20.84₦11.00n/a4
Apr ’24₦9.00
₦12.18
+35.3%
22.5%₦16.20₦8.70n/a4
Mar ’24₦9.60
₦12.51
+30.3%
20.3%₦16.20₦8.70n/a5
Feb ’24₦9.10
₦12.51
+37.5%
20.3%₦16.20₦8.70₦24.955
Jan ’24₦8.50
₦13.27
+56.1%
19.2%₦16.20₦8.70₦23.155
Dec ’23₦8.65
₦13.27
+53.4%
19.2%₦16.20₦8.70₦18.055
Nov ’23₦7.90
₦13.45
+70.2%
20.6%₦17.10₦8.70₦17.905
Oct ’23₦8.05
₦13.87
+72.2%
23.9%₦19.14₦8.70₦15.757
Sep ’23₦8.50
₦14.04
+65.1%
21.9%₦19.14₦9.90₦17.207
Aug ’23₦8.90
₦13.57
+52.5%
20.9%₦19.14₦9.90₦16.609
Jul ’23₦9.40
₦13.57
+44.4%
20.9%₦19.14₦9.90₦16.609
Jun ’23₦9.90
₦13.44
+35.8%
22.6%₦19.14₦8.70₦12.209
May ’23₦9.70
₦13.19
+36.0%
22.7%₦19.14₦8.70₦10.159
Apr ’23₦9.70
₦12.46
+28.5%
24.7%₦19.14₦8.60₦9.0010
Mar ’23₦10.40
₦11.57
+11.3%
20.3%₦16.60₦8.60₦9.609
Feb ’23₦10.35
₦11.68
+12.9%
20.3%₦16.60₦8.60₦9.109

Analyst Forecast: Target price is less than 20% higher than the current share price.


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