Valuation
88
FCMB · FCMB Group Plc
Accumulate Deep Value Quality 4/5Distress proxy: 47.52 (Safe)
Compare with another stock →
Composite score
66.9
Tier: Accumulate
Last close
₦10
As of latest snapshot
30-day ADV
₦369.5M
Liquidity signal
Market cap
₦652.95B
Financial Services
Financials
56
Technical
49
AI bottom line
FCMB trades at a steep 70% discount to sector on valuation metrics (P/E 2.3x vs 7.8x median) while delivering above-median ROE of 19.4%, signaling a genuine quality-at-discount opportunity. Monitor whether the bank sustains net margins above 37.9% and converts its fortress balance sheet (0.85x D/E) into consistent earnings growth to justify the valuation gap.
Stock Snowflake 5-axis radar
Blue = FCMB. Gold dash = Financial Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 2.3x — about 71% below the Financial Services median of 7.8x.
- P/B of 0.6x — trading below book value, often a value signal (or a quality flag if persistent).
- Free cash flow yield of 212.8% — strong cash generation relative to market cap.
- ROE of 19.4% — above Financial Services median of 17.3%.
- Net margin of 37.9% — robust pricing power and cost discipline.
- Below both 50-day (-12.0%) and 200-day (-10.2%) moving averages — sustained downtrend.
Risk flags
No major risk flags
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 ratio2.3x
P/B ratio0.6x
P/S ratio1.1x
EV/EBITDA—
FCF yield212.8%
Financials
ROE19.4%
ROA2.8%
Net margin37.9%
FCF margin240.5%
Debt / Equity0.9x
Technical
Last close₦10
Above 50d MA-12.0%
Above 200d MA-10.2%
ADX (trend)58.3
RSI40.6
Dividend history 7 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: 3.52% 7 consecutive years of payment 5y DPS CAGR: +18.5% ↑
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦0.35 | ₦0.35 | — | 15 Jun 2026 | 30 Jun 2026 |
| 2024 | — | ₦2.46 | ₦2.46 | — | — | 29 Apr 2025 |
| 2023 | — | ₦0.5 | ₦0.5 | — | — | 24 May 2024 |
| 2022 | — | ₦0.25 | ₦0.25 | — | — | 28 Apr 2023 |
| 2021 | — | ₦0.2 | ₦0.2 | — | — | 27 Apr 2022 |
| 2020 | — | ₦0.15 | ₦0.15 | — | — | 21 Apr 2021 |
| 2019 | — | ₦0.14 | ₦0.14 | — | — | 28 Apr 2020 |
Peers in Financial Services
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 |
|---|---|---|---|---|---|
| AIICO | 65.9 | 8.1x | 1.4x | 17.5% | Accumulate |
| GTCO | 68.1 | 5.2x | 1.3x | 22.4% | Accumulate |
| CORNERST | 65.1 | 8.9x | 1.4x | 15.8% | Accumulate |
| MBENEFIT | 65.1 | 3.3x | 1.0x | 24.6% | Accumulate |
| CONHALLPLC | 63.6 | 7.5x | 1.5x | 20.0% | Accumulate |
| LINKASSURE | 63.3 | 3.2x | 0.5x | 16.4% | Accumulate |
Recent news mentioning FCMB
NGX corporate disclosures FCMB · last 1
Plain-English summaries of every NGX filing for FCMB, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Q2 / Half-Year Financial Statement
filed 13 Jun 2026
FCMB Group PLC filed full-year 2025 unaudited financials on 13 June 2026. Group profit for 2025 reached ₦176.9 billion (up 141% from ₦73.3 billion in 2024), driven by net interest income growth to ₦502.9 billion and improved credit quality. Basic earnings per share climbed to ₦3.96 from ₦2.46 year-over-year.