Valuation
79
MBENEFIT · Mutual Benefits Assurance Plc
Accumulate Neutral Quality 3/5Distress proxy: 54.76 (Safe)
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Composite score
65.1
Tier: Accumulate
Last close
₦3
As of latest snapshot
30-day ADV
₦77.3M
Liquidity signal
Market cap
₦63.59B
Financial Services
Financials
72
Technical
34
AI bottom line
MBENEFIT trades at a steep 58% discount to sector peers (3.3x P/E vs. 7.9x median) while delivering 42% above-median ROE of 24.6%, signaling material valuation upside if quality is sustained. Monitor FCF generation closely, as the -4.0% yield and weak technical score (34/100) suggest execution risk despite fortress balance sheet fundamentals.
Stock Snowflake 5-axis radar
Blue = MBENEFIT. Gold dash = Financial Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 3.3x — about 58% below the Financial Services median of 7.8x.
- ROE of 24.6% — well above Financial Services median of 17.3%. Top-quartile capital efficiency.
- Below both 50-day (-22.9%) and 200-day (-21.1%) moving averages — sustained downtrend.
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 ratio3.3x
P/B ratio1.0x
P/S ratio0.7x
EV/EBITDA1.3x
FCF yield-4.0%
Financials
ROE24.6%
ROA10.0%
Net margin20.6%
FCF margin-2.8%
Debt / Equity0.0x
Technical
Last close₦3
Above 50d MA-22.9%
Above 200d MA-21.1%
ADX (trend)55.9
RSI32.5
Dividend history 1 fiscal year shown
All amounts are gross of Nigeria's 10% withholding tax on dividends. Bonus ratios are 'new shares for shares held'.
Current yield: 1.24%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦0.04 | ₦0.04 | — | 21 Jul 2026 | 30 Jul 2026 |
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 |
|---|---|---|---|---|---|
| CORNERST | 65.1 | 8.9x | 1.4x | 15.8% | Accumulate |
| AIICO | 65.9 | 8.1x | 1.4x | 17.5% | Accumulate |
| CONHALLPLC | 63.6 | 7.5x | 1.5x | 20.0% | Accumulate |
| LINKASSURE | 63.3 | 3.2x | 0.5x | 16.4% | Accumulate |
| FCMB | 66.9 | 2.3x | 0.6x | 19.4% | Accumulate |
| WEMABANK | 63.0 | 3.5x | 1.7x | 31.3% | Accumulate |
Recent news mentioning MBENEFIT
NGX corporate disclosures MBENEFIT · last 2
Plain-English summaries of every NGX filing for MBENEFIT, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Earnings Forecast
filed 19 Jun 2026
Mutual Benefits Assurance PLC filed a 9M 2026 earnings forecast on 19 Jun 2026. Gross written premium is projected at ₦69.2 billion with net profit of ₦14.1 billion; non-life business accounts for 73% of premium. Operating cash flow of ₦14.8 billion supports the forecast, signed by MD Femi Asenuga and CFO Abayomi Ogunwo.
Insider Dealing
filed 16 Jun 2026
Dr. Akinade Ogunbiyi, Non-Executive Director of Mutual Benefits Assurance PLC, sold 1,507,309 ordinary shares between 3–9 June 2026 at ₦4.20k–₦4.33k per share. The aggregate transaction value reached approximately ₦6.4–6.5 million. This represents a material reduction in insider shareholding and should be monitored for strategic implications.