Valuation
53
JBERGER · Julius Berger Nigeria Plc
Neutral Neutral Quality 2/5Distress proxy: 13.56 (Safe)
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Composite score
48.1
Tier: Neutral
Last close
₦311
As of latest snapshot
30-day ADV
₦204.9M
Liquidity signal
Market cap
₦447.68B
Construction/Real Estate
Financials
34
Technical
60
AI bottom line
JBERGER trades at a modest premium to peers (P/E 15.6x vs. 12.6x sector median) despite ROE parity at 10.0%, with a solid 7.0% FCF yield offsetting valuation concerns. Monitor execution risk on large infrastructure contracts given recent Port Harcourt incident, as project delays or quality issues could pressure the 3.8% net margin further.
Stock Snowflake 5-axis radar
Blue = JBERGER. Gold dash = Construction/Real Estate median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 15.6x — in line with Construction/Real Estate median of 12.6x.
- Above both 50-day (+1.7%) and 200-day (+45.5%) moving averages — uptrend intact.
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 ratio15.6x
P/B ratio1.7x
P/S ratio0.7x
EV/EBITDA197.0x
FCF yield7.0%
Financials
ROE10.0%
ROA2.7%
Net margin3.8%
FCF margin4.6%
Debt / Equity0.2x
Technical
Last close₦311
Above 50d MA1.7%
Above 200d MA45.5%
ADX (trend)0.0
RSI0.0
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: 1.52% 9 consecutive years of payment 5y DPS CAGR: +60.4% ↑ 10y CAGR: +11.0%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦4.25 | ₦4.25 | — | 29 May 2026 | 19 Jun 2026 |
| 2024 | — | ₦3.25 | ₦3.25 | — | — | 20 Jun 2025 |
| 2023 | — | ₦3.00 | ₦3.00 | — | — | 21 Jun 2024 |
| 2022 | — | ₦2.50 | ₦2.50 | — | — | 16 Jun 2023 |
| 2021 | — | ₦2.50 | ₦2.50 | — | — | 17 Jun 2022 |
| 2020 | — | ₦0.4 | ₦0.4 | — | — | 18 Jun 2021 |
| 2019 | — | ₦2.75 | ₦2.75 | — | — | 19 Jun 2020 |
| 2018 | — | ₦2.00 | ₦2.00 | — | — | — |
| 2017 | — | ₦1.00 | ₦1.00 | — | — | — |
| 2015 | — | ₦1.50 | ₦1.50 | — | — | — |
Peers in Construction/Real Estate
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 |
|---|---|---|---|---|---|
| SFSREIT | 59.9 | 12.6x | 1.3x | 10.1% | Illiquid |
| UPDC | 34.3 | 67.3x | 5.9x | 7.9% | Illiquid |
| UPDCREIT | 72.4 | 5.4x | 0.7x | 12.5% | Accumulate |
Recent news mentioning JBERGER
NGX corporate disclosures JBERGER · last 2
Plain-English summaries of every NGX filing for JBERGER, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Other Disclosure
filed 22 Jun 2026
Julius Berger Nigeria Plc approved a dividend of ₦4.25 per 50K share, payable June 19, 2026, at its 56th AGM. Directors also approved non-executive director fees of ₦20 million annually and chairman fees of ₦28 million, effective January 1, 2026. Three non-executive directors were re-elected.
Director / Officer Change
filed 22 Jun 2026
Julius Berger Nigeria appointed Dr. Muiz Adeyemi Banire (Senior Advocate, legal practitioner with extensive governance experience) as Non-Executive Director effective July 1, 2026, and Mrs. Chinazo Okoye as Alternate Director to Dr. Ernest Azudialu-Obiejesi. Both appointments strengthen board depth in legal and accounting expertise.