Valuation
60
GTCO · Guaranty Trust Bank Plc
Accumulate Quality Compounder Quality 5/5Distress proxy: 62.41 (Safe)
Compare with another stock →
Composite score
68.1
Tier: Accumulate
Last close
₦122
As of latest snapshot
30-day ADV
₦9.08B
Liquidity signal
Market cap
₦4.47T
Financial Services
Financials
80
Technical
64
AI bottom line
GTCO trades at a 33% discount to sector (5.2x vs 7.8x P/E) while delivering superior ROE of 22.4% and net margins of 47.1%, signaling quality undervaluation. Monitor whether the court messaging order and regulatory scrutiny impact deposit growth or net interest margins, the true drivers of its 13.1% FCF yield.
Stock Snowflake 5-axis radar
Blue = GTCO. 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.
- Free cash flow yield of 13.1% — strong cash generation relative to market cap.
- ROE of 22.4% — above Financial Services median of 17.3%.
- Net margin of 47.1% — robust pricing power and cost discipline.
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 ratio5.2x
P/B ratio1.3x
P/S ratio2.7x
EV/EBITDA—
FCF yield13.1%
Financials
ROE22.4%
ROA4.3%
Net margin47.1%
FCF margin35.4%
Debt / Equityn/a (bank)
Technical
Last close₦122
Above 50d MA-10.2%
Above 200d MA19.9%
ADX (trend)54.0
RSI34.8
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: 9.64% 👑 Aristocrat · 16 consecutive years 5y DPS CAGR: +34.2% ↑ 10y CAGR: +37.1%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦11.76 | ₦11.76 | — | 13 Apr 2026 | 28 Apr 2026 |
| 2024 | ₦1.00 | ₦7.03 | ₦8.03 | — | — | 24 Apr 2025 |
| 2023 | ₦0.5 | ₦2.70 | ₦3.20 | — | — | 09 May 2024 |
| 2022 | ₦0.3 | ₦2.80 | ₦3.10 | — | — | 11 May 2023 |
| 2021 | ₦0.3 | ₦2.70 | ₦3.00 | — | — | 08 Apr 2022 |
| 2020 | — | ₦2.70 | ₦2.70 | — | — | 09 Apr 2021 |
| 2019 | ₦0.3 | ₦2.50 | ₦2.80 | — | — | 30 Mar 2020 |
| 2018 | ₦0.3 | ₦2.45 | ₦2.75 | — | — | — |
| 2017 | ₦0.3 | ₦2.40 | ₦2.70 | — | — | — |
| 2016 | ₦1.52 | ₦1.75 | ₦3.27 | — | — | — |
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 |
|---|---|---|---|---|---|
| FCMB | 66.9 | 2.3x | 0.6x | 19.4% | Accumulate |
| AIICO | 65.9 | 8.1x | 1.4x | 17.5% | Accumulate |
| CORNERST | 65.1 | 8.9x | 1.4x | 15.8% | Accumulate |
| MBENEFIT | 65.1 | 3.3x | 1.0x | 24.6% | Accumulate |
| ZENITHBANK | 71.8 | 4.4x | 0.9x | 20.1% | Accumulate |
| CONHALLPLC | 63.6 | 7.5x | 1.5x | 20.0% | Accumulate |