Valuation
34
MECURE · Mecure Industries Plc
Neutral Recovery Play Quality 2/5Distress proxy: 37.23 (Safe)
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Composite score
49.0
Tier: Neutral
Last close
₦95
As of latest snapshot
30-day ADV
₦15.3M
Liquidity signal
Market cap
₦379.60B
HealthCare
Financials
48
Technical
74
AI bottom line
MECURE's valuation signal dominates: the stock trades at a 49% P/E premium to sector (52.5x vs 35.2x median) while generating strong ROE of 34.2%, yet technical strength (74/100) suggests momentum may be offsetting fundamental concern. The critical watch is cash burn—negative FCF yield of -3.4% combined with 2.51x leverage creates execution risk that could reverse the recent technical rally.
Stock Snowflake 5-axis radar
Blue = MECURE. Gold dash = HealthCare median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 52.5x — about 49% above the HealthCare median of 35.2x.
- ROE of 34.2% — above HealthCare median of 31.9%.
- Above both 50-day (+15.5%) and 200-day (+56.3%) moving averages — uptrend intact.
Risk flags
Moderate liquidity — 30d ADV ≈ ₦15.3M
Elevated leverage — Debt/Equity 2.5x
Cash burn — FCF margin -15.3%
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 ratio52.5x
P/B ratio17.9x
P/S ratio4.5x
EV/EBITDA17.5x
FCF yield-3.4%
Financials
ROE34.2%
ROA8.9%
Net margin8.6%
FCF margin-15.3%
Debt / Equity2.5x
Technical
Last close₦95
Above 50d MA15.5%
Above 200d MA56.3%
ADX (trend)0.0
RSI100.0
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: 0.37%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦0.32 | ₦0.32 | — | 23 Apr 2026 | — |
| 2024 | — | ₦0.15 | ₦0.15 | — | — | 21 Apr 2025 |
| 2023 | — | ₦0.15 | ₦0.15 | — | — | 03 Jun 2024 |
Peers in HealthCare
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 |
|---|---|---|---|---|---|
| MORISON | 44.9 | 527.8x | 10.8x | 1.8% | Illiquid |
| NEIMETH | 56.8 | 35.2x | 12.9x | 35.9% | Neutral |
| FIDSON | 74.3 | 19.8x | 6.9x | 31.9% | Accumulate |
| MAYBAKER | 77.8 | 14.2x | 4.6x | 30.6% | Conviction Buy |
Recent news mentioning MECURE
NGX corporate disclosures MECURE · last 1
Plain-English summaries of every NGX filing for MECURE, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Insider Dealing
filed 24 Jun 2026
Executive Director Arjun Udani sold 32,446 ordinary shares in Mecure Industries Plc on 19 and 23 June 2026 at ₦85.45k per unit, totalling approximately ₦2.77 billion. This initial insider dealing notification shows a material reduction in his shareholding, filed with the Nigeria Exchange Limited on 24 June 2026.