Valuation
71
LINKASSURE · Linkage Assurance Plc
Accumulate Neutral Quality 3/5Distress proxy: 60.25 (Safe)
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Composite score
63.3
Tier: Accumulate
Last close
₦2
As of latest snapshot
30-day ADV
₦502.5M
Liquidity signal
Market cap
₦28.46B
Financial Services
Financials
62
Technical
53
AI bottom line
Linkassure trades at a substantial valuation discount (P/E 3.2x vs. 7.8x median, P/B 0.5x vs. 1.4x median) despite near-sector-median ROE of 16.4%, signaling deep undervaluation. The critical watch: resolve the severe cash burn (FCF margin -40.8%), which undermines the valuation appeal if structural rather than temporary.
Stock Snowflake 5-axis radar
Blue = LINKASSURE. Gold dash = Financial Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 3.2x — about 59% below the Financial Services median of 7.8x.
- P/B of 0.5x — trading below book value, often a value signal (or a quality flag if persistent).
- Net margin of 26.6% — robust pricing power and cost discipline.
- Below both 50-day (-6.0%) and 200-day (-6.0%) moving averages — sustained downtrend.
Risk flags
Cash burn — FCF margin -40.8%
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 ratio3.2x
P/B ratio0.5x
P/S ratio0.9x
EV/EBITDA2.2x
FCF yield-45.7%
Financials
ROE16.4%
ROA9.9%
Net margin26.6%
FCF margin-40.8%
Debt / Equity0.0x
Technical
Last close₦2
Above 50d MA-6.0%
Above 200d MA-6.0%
ADX (trend)32.1
RSI40.6
Dividend history 3 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: 3.21%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2023 | — | — | — | 1 for 10 | — | — |
| 2020 | — | ₦0.05 | ₦0.05 | — | — | 26 May 2021 |
| 2019 | — | — | — | 1 for 5 | — | — |
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 |
|---|---|---|---|---|---|
| WEMABANK | 63.0 | 3.5x | 1.7x | 31.3% | Accumulate |
| CONHALLPLC | 63.6 | 7.5x | 1.5x | 20.0% | Accumulate |
| UNIVINSURE | 62.0 | 3.3x | 0.9x | 23.7% | Accumulate |
| MBENEFIT | 65.1 | 3.3x | 1.0x | 24.6% | Accumulate |
| CORNERST | 65.1 | 8.9x | 1.4x | 15.8% | Accumulate |
| AIICO | 65.9 | 8.1x | 1.4x | 17.5% | Accumulate |
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