We’ve recently updated our valuation analysis.

Okomu Oil Palm Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

OKOMUOIL 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/Revenue2.9x
Enterprise Value/EBITDA5.4x
PEG Ratio5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for OKOMUOIL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.4x
PRESCO Presco
5.6x-10.1%₦120.5b
DANGSUGAR Dangote Sugar Refinery
6.1x15.7%₦192.5b
FLOURMILL Flour Mills of Nigeria
4.7x43.7%₦111.9b
GUINNESS Guinness Nigeria
9.2x16.5%₦132.5b
OKOMUOIL Okomu Oil Palm
8.9x1.8%₦159.8b

Price-To-Earnings vs Peers: OKOMUOIL is expensive based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (6.4x).


Price to Earnings Ratio vs Industry

How does OKOMUOIL's PE Ratio compare vs other companies in the African Food Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.0%
n/an/an/a

Price-To-Earnings vs Industry: OKOMUOIL is good value based on its Price-To-Earnings Ratio (8.9x) compared to the African Food industry average (10.1x)


Price to Earnings Ratio vs Fair Ratio

What is OKOMUOIL'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.

OKOMUOIL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ratio8.4x

Price-To-Earnings vs Fair Ratio: OKOMUOIL is expensive based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (8.4x).


Share Price vs Fair Value

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

Below Fair Value: OKOMUOIL (NGN167.5) is trading below our estimate of fair value (NGN387.05)

Significantly Below Fair Value: OKOMUOIL is trading below fair value by more than 20%.


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 OKOMUOIL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₦167.50
₦184.52
+10.2%
9.8%₦219.73₦172.00n/a5
Nov ’23₦169.50
₦184.52
+8.9%
9.8%₦219.73₦172.00n/a5
Oct ’23₦188.30
₦184.52
-2.0%
9.8%₦219.73₦172.00n/a5
Sep ’23₦188.30
₦184.52
-2.0%
9.8%₦219.73₦172.00n/a5
Aug ’23₦216.90
₦184.52
-14.9%
9.8%₦219.73₦172.00n/a5
Jul ’23₦216.90
₦163.79
-24.5%
14.8%₦183.22₦116.04n/a5
Jun ’23₦193.50
₦165.00
-14.7%
15.0%₦183.22₦116.04n/a5
May ’23₦147.00
₦158.21
+7.6%
15.0%₦186.60₦116.04n/a5
Apr ’23₦142.00
₦154.81
+9.0%
14.6%₦186.60₦116.04n/a5
Mar ’23₦135.00
₦144.13
+6.8%
11.8%₦162.15₦116.04n/a5
Feb ’23₦142.00
₦134.04
-5.6%
13.6%₦155.00₦111.70n/a5
Jan ’23₦142.00
₦124.50
-12.3%
7.1%₦133.20₦111.70n/a5
Dec ’22₦142.00
₦121.94
-14.1%
7.7%₦131.55₦109.40n/a5
Nov ’22₦135.00
₦121.94
-9.7%
7.7%₦131.55₦109.40₦169.505
Oct ’22₦112.80
₦121.94
+8.1%
7.7%₦131.55₦109.40₦188.305
Sep ’22₦110.00
₦121.94
+10.9%
7.7%₦131.55₦109.40₦188.305
Aug ’22₦110.00
₦115.53
+5.0%
9.8%₦130.00₦99.98₦216.905
Jul ’22₦110.00
₦108.30
-1.5%
11.3%₦127.04₦91.07₦216.905
Jun ’22₦96.50
₦102.65
+6.4%
16.4%₦127.04₦74.40₦193.506
May ’22₦100.00
₦99.77
-0.2%
13.7%₦114.00₦74.40₦147.006
Apr ’22₦90.00
₦87.11
-3.2%
10.9%₦99.98₦74.40₦142.004
Mar ’22₦93.00
₦84.43
-9.2%
11.9%₦99.98₦73.72₦135.005
Feb ’22₦93.00
₦84.43
-9.2%
11.9%₦99.98₦73.72₦142.005
Jan ’22₦91.00
₦78.18
-14.1%
5.8%₦85.00₦73.72₦142.005
Dec ’21₦80.00
₦78.18
-2.3%
5.8%₦85.00₦73.72₦142.005
Nov ’21₦80.00
₦76.10
-4.9%
9.6%₦85.00₦64.00₦135.005

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


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