MoloneyStreetRe Analytics

BERGER · Berger Paints Plc

Accumulate Momentum Breakout Quality 4/5
Distress proxy: 70.35 (Safe)
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Industrial Goods / Building Materials · Main Board
Composite score
61.6
Tier: Accumulate
Last close
₦148
As of latest snapshot
30-day ADV
₦142.3M
Liquidity signal
Market cap
₦38.50B
Industrial Goods
Valuation
53
Financials
58
Technical
80
AI bottom line

BERGER's technical momentum is compelling—an 80/100 technical score and 116% stretch above its 200-day moving average signal sustained buying interest despite valuation premium. The critical watch is whether this momentum can be sustained without deterioration in fundamentals, as the P/E of 22.4x and P/B of 7.9x leave minimal margin for earnings disappointment or sentiment reversal.

Stock Snowflake 5-axis radar

Blue = BERGER. Gold dash = Industrial Goods median. Bigger area = better across the five research dimensions.

What the model is seeing

  • Trades at P/E 22.4x — in line with Industrial Goods median of 20.8x.
  • Above both 50-day (+20.6%) and 200-day (+115.7%) moving averages — uptrend intact.

Risk flags

Stretched — 116% above 200d MA

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 ratio22.4x
P/B ratio7.9x
P/S ratio3.2x
EV/EBITDA14.1x
FCF yield7.2%

Financials

ROE31.6%
ROA17.1%
Net margin12.8%
FCF margin22.8%
Debt / Equity0.0x

Technical

Last close₦148
Above 50d MA20.6%
Above 200d MA115.7%
ADX (trend)0.0
RSI69.9

Dividend history 10 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: 0.94% 👑 Aristocrat · 15 consecutive years 5y DPS CAGR: +25.6% ↑ 10y CAGR: +5.2%
FYInterim DPSFinal DPSTotal cashBonusQualificationPayment
2025 ₦1.25 ₦1.25 23 Apr 2026 21 May 2026
2024 ₦0.2 ₦1.20 ₦1.40 22 May 2025
2023 ₦0.2 ₦0.8 ₦1.00 14 May 2024
2022 ₦0.7 ₦0.7 24 May 2023
2021 ₦0.4 ₦0.4 19 May 2022
2020 ₦0.4 ₦0.4 21 May 2021
2019 ₦0.25 ₦0.25 25 Jun 2020
2018 ₦0.65 ₦0.65
2017 ₦0.5 ₦0.5
2016 ₦0.5 ₦0.5
See the full NGX dividend leaderboard →

Peers in Industrial Goods

Closest names by composite score within the same sector. Click a symbol to open its detail page.
SymbolCompositeP/EP/BROETier
BETAGLAS 62.0 9.8x 3.2x 29.9% Accumulate
DANGCEM 61.0 13.5x 5.8x 39.2% Accumulate
CAP 62.6 20.8x 9.0x 39.0% Illiquid
MEYER 58.9 21.5x 4.5x 19.1% Stale
BUACEMENT 51.9 28.4x 13.6x 53.1% Neutral
WAPCO 74.5 14.9x 6.5x 40.7% Accumulate

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