Valuation
54
FIDELITYBK · FBN Holdings Plc
Neutral Neutral Quality 2/5Distress proxy: 35.33 (Safe)
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Composite score
43.4
Tier: Neutral
Last close
₦18
As of latest snapshot
30-day ADV
₦742.8M
Liquidity signal
Market cap
₦1.15T
Financial Services
Financials
32
Technical
42
AI bottom line
FBN Holdings trades at a significant valuation discount (P/E 5.2x vs. 7.8x sector median, P/B 0.8x vs. 1.4x) despite ROE of 16.2% approaching peer levels, suggesting market skepticism unrelated to core profitability. The critical near-term watch is the severe cash burn signal (FCF margin -142.7%), which if unresolved, could constrain capital allocation and stress the 0.76x debt-to-equity ratio.
Stock Snowflake 5-axis radar
Blue = FIDELITYBK. Gold dash = Financial Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 5.2x — about 33% below the Financial Services median of 7.8x.
- P/B of 0.8x — trading below book value, often a value signal (or a quality flag if persistent).
- Net margin of 28.3% — robust pricing power and cost discipline.
- Below both 50-day (-11.1%) and 200-day (-7.6%) moving averages — sustained downtrend.
Risk flags
Cash burn — FCF margin -142.7%
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 ratio5.2x
P/B ratio0.8x
P/S ratio1.4x
EV/EBITDA—
FCF yield-98.9%
Financials
ROE16.2%
ROA2.0%
Net margin28.3%
FCF margin-142.7%
Debt / Equity0.8x
Technical
Last close₦18
Above 50d MA-11.1%
Above 200d MA-7.6%
ADX (trend)28.8
RSI33.5
Dividend history 6 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: 11.53% 6 consecutive years of payment 5y DPS CAGR: +60.2% ↑
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2024 | ₦0.85 | ₦1.26 | ₦2.11 | — | — | 29 Apr 2025 |
| 2023 | ₦0.6 | ₦0.25 | ₦0.85 | — | — | 16 May 2024 |
| 2022 | — | ₦0.4 | ₦0.4 | — | — | 23 May 2023 |
| 2021 | — | ₦0.35 | ₦0.35 | — | — | 05 May 2022 |
| 2020 | — | ₦0.22 | ₦0.22 | — | — | 30 Apr 2021 |
| 2019 | — | ₦0.2 | ₦0.2 | — | — | 30 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 |
|---|---|---|---|---|---|
| ROYALEX | 44.2 | 12.2x | 1.5x | 12.0% | Illiquid |
| JAIZBANK | 44.4 | 11.6x | 3.8x | 31.6% | Neutral |
| INTENEGINS | 44.5 | 30.4x | 1.5x | 5.2% | Neutral |
| INFINITY | 46.1 | 26.0x | 8.4x | 25.7% | Illiquid |
| NPFMCRFBK | 46.2 | 9.6x | 1.8x | 17.6% | Illiquid |
| MANSARD | 40.2 | 1272.7x | 1.9x | 0.2% | Neutral |
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