Valuation
66
CONOIL · Conoil Plc
Accumulate Momentum Breakout Quality 4/5Distress proxy: 15.99 (Safe)
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Composite score
66.8
Tier: Accumulate
Last close
₦210
As of latest snapshot
30-day ADV
₦9.0M
Liquidity signal
Market cap
₦131.16B
Oil & Gas
Financials
61
Technical
77
AI bottom line
CONOIL's momentum breakout (Technical score 77) is supported by valuation relief—trading at 22.7x P/E above sector median but below its 3.4x P/B, suggesting modest multiple compression room. Monitor the amber liquidity flag (₦9.0M daily ADV) closely, as thin trading could amplify volatility if downstream margins compress further in Nigeria's challenging 2025 environment.
Stock Snowflake 5-axis radar
Blue = CONOIL. Gold dash = Oil & Gas median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 22.7x — about 38% above the Oil & Gas median of 16.5x.
- Above both 50-day (+6.6%) and 200-day (+10.1%) moving averages — uptrend intact.
Risk flags
Thin liquidity — 30d ADV ≈ ₦9.0M
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 ratio22.7x
P/B ratio3.4x
P/S ratio0.5x
EV/EBITDA9.4x
FCF yield5.9%
Financials
ROE13.4%
ROA4.2%
Net margin2.0%
FCF margin2.9%
Debt / Equity1.3x
Technical
Last close₦210
Above 50d MA6.6%
Above 200d MA10.1%
ADX (trend)14.4
RSI85.5
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: 1.06% 5y DPS CAGR: +5.9% ↑ 10y CAGR: -4.0%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦2.00 | ₦2.00 | — | — | — |
| 2022 | — | ₦2.50 | ₦2.50 | — | — | — |
| 2021 | — | ₦2.50 | ₦2.50 | — | — | — |
| 2020 | — | ₦1.50 | ₦1.50 | — | — | — |
| 2019 | — | ₦2.00 | ₦2.00 | — | — | 14 Jul 2020 |
| 2018 | — | ₦2.00 | ₦2.00 | — | — | — |
| 2017 | — | ₦2.00 | ₦2.00 | — | — | — |
| 2016 | — | ₦3.10 | ₦3.10 | — | — | — |
| 2015 | — | ₦3.00 | ₦3.00 | — | — | — |
| 2014 | — | ₦1.00 | ₦1.00 | — | — | — |
Peers in Oil & Gas
Closest names by composite score within the same sector. Click a symbol to open its detail page.
| Symbol | Composite | P/E | P/B | ROE | Tier |
|---|---|---|---|---|---|
| OANDO | 58.5 | 1.5x | — | — | Neutral |
| JAPAULGOLD | 57.6 | 36.5x | 2.2x | 6.0% | Neutral |
| ARADEL | 76.8 | — | 4.6x | 41.6% | Conviction Buy |
| ETERNA | 49.5 | 10.3x | 6.6x | 39.5% | Neutral |
| TOTAL | 43.5 | — | 4.5x | -25.8% | Illiquid |
Recent news mentioning CONOIL
NGX corporate disclosures CONOIL · last 2
Plain-English summaries of every NGX filing for CONOIL, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Q1 Financial Statement
filed 15 Jun 2026
CONOIL PLC filed unaudited Q1 2026 financial statements on 15 June 2026. Revenue collapsed 98% to ₦1.45bn, but profit before tax surged to ₦4.2bn (from ₦372m), driving earnings per share to 562 kobo versus 42 kobo year-ago. Shareholders' funds rose 8.4% to ₦43.1bn. Directors certified no material weaknesses in internal controls.
Other Financial Filing
filed 11 Jun 2026
CONOIL PLC filed its 2025 full-year financial statements on 11 June 2026. Profit before tax fell 75.7% to ₦2.68bn, while revenue declined 6.6% to ₦301.7bn. The board recommends a dividend of 200 kobo per share, down 42.9% from 350 kobo in 2024, reflecting significantly weaker operational performance.