Valuation
56
MEYER · Meyer Plc
Stale Momentum Breakout Quality 3/5Distress proxy: 51.07 (Safe)
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Composite score
58.9
Tier: Stale
Last close
₦21
As of latest snapshot
30-day ADV
₦274.4M
Liquidity signal
Market cap
₦9.23B
Industrial Goods
Financials
48
Technical
79
AI bottom line
Meyer's technical strength (79th percentile) is offset by below-sector profitability—ROE of 19.1% trails the 31.6% median—suggesting momentum may outpace fundamental support. Watch whether the 4.5% FCF yield sustains as debt-free operations scale, since margin expansion will determine if valuation multiples (21.5x P/E) hold.
Stock Snowflake 5-axis radar
Blue = MEYER. Gold dash = Industrial Goods median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 21.5x — in line with Industrial Goods median of 20.8x.
- Above both 50-day (+8.1%) and 200-day (+21.4%) 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 ratio21.5x
P/B ratio4.5x
P/S ratio2.3x
EV/EBITDA24.5x
FCF yield4.5%
Financials
ROE19.1%
ROA12.2%
Net margin9.9%
FCF margin10.4%
Debt / Equity0.0x
Technical
Last close₦21
Above 50d MA8.1%
Above 200d MA21.4%
ADX (trend)31.3
RSI63.6
Dividend history 4 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: 2.43%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦0.45 | ₦0.45 | — | 30 Apr 2026 | 25 May 2026 |
| 2024 | — | ₦0.3 | ₦0.3 | — | 02 May 2025 | 30 May 2025 |
| 2023 | — | ₦0.3 | ₦0.3 | — | — | 27 May 2024 |
| 2020 | — | ₦1.50 | ₦1.50 | — | — | 25 Aug 2021 |
Peers in Industrial Goods
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 |
|---|---|---|---|---|---|
| DANGCEM | 61.0 | 13.5x | 5.8x | 39.2% | Accumulate |
| BERGER | 61.6 | 22.4x | 7.9x | 31.6% | Accumulate |
| BETAGLAS | 62.0 | 9.8x | 3.2x | 29.9% | Accumulate |
| CAP | 62.6 | 20.8x | 9.0x | 39.0% | Illiquid |
| BUACEMENT | 51.9 | 28.4x | 13.6x | 53.1% | Neutral |
| AUSTINLAZ | 45.4 | — | 2.7x | -1.1% | Illiquid |
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