The Nigerian Exchange Group Plc

NGSE:NGXGROUP Stock Report

Market Cap: ₦55.3b

Nigerian Exchange Group Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 NGXGROUP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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

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


Key Valuation Metric

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

Key metric: As NGXGROUP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NGXGROUP. This is calculated by dividing NGXGROUP's market cap by their current earnings.
What is NGXGROUP's PE Ratio?
PE Ratio6.6x
Earnings₦8.35b
Market Cap₦55.34b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NGXGROUP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.3x
VFDGROUP VFD Group
91.5xn/a₦56.4b
ETRANZACT eTranzact International
22.4xn/a₦62.1b
INFINITY Infinity Trust Mortgage Bank
19.7xn/a₦29.2b
ABBEYBDS Abbey Mortgage Bank
19.7xn/a₦26.8b
NGXGROUP Nigerian Exchange Group
6.6xn/a₦55.3b

Price-To-Earnings vs Peers: NGXGROUP is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (38.3x).


Price to Earnings Ratio vs Industry

How does NGXGROUP's PE Ratio compare vs other companies in the African Capital Markets Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
NGXGROUP 6.6xIndustry Avg. 8.7xNo. of Companies8PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NGXGROUP is good value based on its Price-To-Earnings Ratio (6.6x) compared to the African Capital Markets industry average (8.7x).


Price to Earnings Ratio vs Fair Ratio

What is NGXGROUP'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.

NGXGROUP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NGXGROUP's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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