MoloneyStreetRe Analytics

ABCTRANS · Associated Bus Company Plc

Illiquid Momentum Breakout Quality 3/5
Distress proxy: 28.47 (Safe)
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Services / Road Transportation · Main Board
Composite score
64.3
Tier: Illiquid
Last close
₦8
As of latest snapshot
30-day ADV
₦1.3M
Liquidity signal
Market cap
₦16.87B
Services
Valuation
60
Financials
50
Technical
92
AI bottom line

ABCTRANS signals a quality-driven momentum play with ROE of 39.9% (3x sector median) and a 92/100 technical score, though valuation is stretched at 9.2x P/B versus 3.7x sector peers. Liquidity risk is the binding constraint—₦1.3M daily volume severely limits position sizing and exit flexibility for institutional investors.

Stock Snowflake 5-axis radar

Blue = ABCTRANS. Gold dash = Services median. Bigger area = better across the five research dimensions.

What the model is seeing

  • Trades at P/E 17.5x — in line with Services median of 20.9x.
  • ROE of 39.9% — well above Services median of 13.1%. Top-quartile capital efficiency.
  • Above both 50-day (+15.9%) and 200-day (+45.5%) moving averages — uptrend intact.

Risk flags

Thin liquidity — 30d ADV ≈ ₦1.3M

Price & trend

Close price with 50-day and 200-day moving averages, last 12 months.

Composite score history

How the model has rated this stock over the available history. Tier changes happen at 75 / 60 / 40.

Key metrics

Valuation

P/E ratio17.5x
P/B ratio9.2x
P/S ratio1.1x
EV/EBITDA6.0x
FCF yield3.1%

Financials

ROE39.9%
ROA6.7%
Net margin5.8%
FCF margin3.5%
Debt / Equity0.7x

Technical

Last close₦8
Above 50d MA15.9%
Above 200d MA45.5%
ADX (trend)67.8
RSI66.1

Dividend history 3 fiscal years shown

All amounts are gross of Nigeria's 10% withholding tax on dividends. Bonus ratios are 'new shares for shares held'.
Current yield: 0.85%
FYInterim DPSFinal DPSTotal cashBonusQualificationPayment
2025 ₦0.06 ₦0.06 22 May 2026
2023 ₦0.025 ₦0.025
2022 ₦0.015 ₦0.015
See the full NGX dividend leaderboard →

Peers in Services

Closest names by composite score within the same sector. Click a symbol to open its detail page.
SymbolCompositeP/EP/BROETier
NAHCO 61.7 16.9x 10.8x 58.1% Accumulate
REDSTAREX 58.9 24.2x 4.3x 16.1% Illiquid
UPL 57.9 10.6x 0.7x 5.5% Illiquid
SKYAVN 57.1 25.0x 3.6x 13.1% Illiquid
TIP 74.1 6.2x 3.7x 60.9% Accumulate
LEARNAFRCA 75.0 10.8x 2.1x 17.6% Illiquid

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