FCMB Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate FCMB's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FCMB's fair value for valuation analysis.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

FCMB 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 Ratio0.06x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FCMB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average4x
WEMABANK Wema Bank
3.4xn/a₦135.0b
STERLINGNG Sterling Financial Holdings
4.6xn/a₦115.7b
JAIZBANK Jaiz Bank
4.9xn/a₦75.0b
FIDELITYBK Fidelity Bank
3.3x12.9%₦376.6b
FCMB FCMB Group
1.4x25.4%₦157.4b

Price-To-Earnings vs Peers: FCMB is good value based on its Price-To-Earnings Ratio (1.4x) compared to the peer average (4x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-1.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-1.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: FCMB is good value based on its Price-To-Earnings Ratio (1.4x) compared to the African Banks industry average (5.1x).


Price to Earnings Ratio vs Fair Ratio

What is FCMB'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.

FCMB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio1.4x
Fair PE Ratio1.9x

Price-To-Earnings vs Fair Ratio: FCMB is good value based on its Price-To-Earnings Ratio (1.4x) compared to the estimated Fair Price-To-Earnings Ratio (1.9x).


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 FCMB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₦7.95
₦11.65
+46.5%
27.0%₦14.80₦8.50n/a2
Jul ’25₦7.65
₦11.65
+52.3%
27.0%₦14.80₦8.50n/a2
Jun ’25₦8.00
₦11.65
+45.6%
27.0%₦14.80₦8.50n/a2
May ’25₦7.10
₦9.86
+38.9%
36.6%₦14.80₦6.28n/a3
Apr ’25₦8.50
₦10.54
+24.0%
40.4%₦14.80₦6.28n/a2
Mar ’25₦8.00
₦10.54
+31.7%
40.4%₦14.80₦6.28n/a2
Feb ’25₦9.80
₦10.54
+7.6%
40.4%₦14.80₦6.28n/a2
Jan ’25₦7.40
₦8.96
+21.0%
29.9%₦11.63₦6.28n/a2
Dec ’24₦6.85
₦8.96
+30.7%
29.9%₦11.63₦6.28n/a2
Nov ’24₦6.30
₦8.96
+42.1%
29.9%₦11.63₦6.28n/a2
Oct ’24₦5.90
₦8.96
+51.8%
29.9%₦11.63₦6.28n/a2
Aug ’24₦6.07
₦6.23
+2.6%
19.7%₦7.45₦5.00n/a2
Jul ’24₦5.10
₦6.23
+22.1%
19.7%₦7.45₦5.00₦7.652
Jun ’24₦4.50
₦6.23
+38.3%
19.7%₦7.45₦5.00₦8.002
May ’24₦4.20
₦6.04
+43.8%
17.2%₦7.08₦5.00₦7.102
Mar ’24₦4.55
₦4.33
-4.8%
10.9%₦5.00₦3.99₦8.003
Feb ’24₦4.40
₦4.33
-1.6%
10.9%₦5.00₦3.99₦9.803
Jan ’24₦3.85
₦4.10
+6.6%
9.4%₦4.62₦3.70₦7.403
Dec ’23₦3.21
₦3.67
+14.4%
16.5%₦4.62₦3.00₦6.855
Nov ’23₦3.43
₦3.65
+6.5%
16.6%₦4.62₦3.00₦6.305
Oct ’23₦3.29
₦3.70
+12.6%
15.3%₦4.62₦3.00₦5.906
Sep ’23₦3.20
₦3.70
+15.7%
15.3%₦4.62₦3.00₦6.006
Aug ’23₦3.10
₦3.44
+11.1%
18.5%₦4.62₦2.85₦6.076
Jul ’23₦3.46
₦3.44
-0.5%
18.5%₦4.62₦2.85₦5.106

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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