MoloneyStreetRe Analytics

MAYBAKER · May & Baker Nigeria Plc

Conviction Buy Neutral Quality 4/5
Distress proxy: 69.30 (Safe)
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HealthCare / Pharmaceuticals · Main Board
Composite score
77.8
Tier: Conviction Buy
Last close
₦40
As of latest snapshot
30-day ADV
₦150.0M
Liquidity signal
Market cap
₦62.11B
HealthCare
Valuation
94
Financials
72
Technical
60
AI bottom line

MAYBAKER trades at a 64% discount to sector P/E (14.2x vs. 39.1x median) while delivering near-sector-average ROE of 30.6%, signaling significant valuation upside. Monitor whether the company can sustain its 9.7% FCF yield and 12.3% net margin as it scales, since Technical scores lag at 60th percentile.

Stock Snowflake 5-axis radar

Blue = MAYBAKER. Gold dash = HealthCare median. Bigger area = better across the five research dimensions.

What the model is seeing

  • Trades at P/E 14.2x — about 60% below the HealthCare median of 35.2x.
  • Free cash flow yield of 9.7% — strong cash generation relative to market cap.

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 ratio14.2x
P/B ratio4.6x
P/S ratio1.9x
EV/EBITDA9.0x
FCF yield9.7%

Financials

ROE30.6%
ROA17.0%
Net margin12.3%
FCF margin18.1%
Debt / Equity0.3x

Technical

Last close₦40
Above 50d MA-5.7%
Above 200d MA32.7%
ADX (trend)50.1
RSI38.9

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: 1.35% 5y DPS CAGR: +10.8% ↑ 10y CAGR: +23.6%
FYInterim DPSFinal DPSTotal cashBonusQualificationPayment
2025 ₦0.5 ₦0.5 19 May 2026 04 Jun 2026
2024 ₦0.4 ₦0.4 05 Jun 2025
2023 ₦0.3 ₦0.3 06 Jun 2024
2022 ₦0.3 ₦0.3 02 Jun 2023
2020 ₦0.3 ₦0.3 04 Jun 2021
2019 ₦0.25 ₦0.25 08 Jun 2020
2018 ₦0.2 ₦0.2
2017 ₦0.2 ₦0.2
2016 ₦0.06 ₦0.06
2015 ₦0.06 ₦0.06
See the full NGX dividend leaderboard →

Peers in HealthCare

Closest names by composite score within the same sector. Click a symbol to open its detail page.
SymbolCompositeP/EP/BROETier
FIDSON 74.3 19.8x 6.9x 31.9% Accumulate
NEIMETH 56.8 35.2x 12.9x 35.9% Neutral
MECURE 49.0 52.5x 17.9x 34.2% Neutral
MORISON 44.9 527.8x 10.8x 1.8% Illiquid

Recent news mentioning MAYBAKER

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