Valuation
50
NAHCO · Nigerian Aviation Handling Company Plc
Accumulate Quality Compounder Quality 4/5Distress proxy: 122.42 (Safe)
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Composite score
61.7
Tier: Accumulate
Last close
₦148
As of latest snapshot
30-day ADV
₦429.5M
Liquidity signal
Market cap
₦298.49B
Services
Financials
82
Technical
53
AI bottom line
NAHCO's quality signal dominates: 58.1% ROE and 27.2% net margin far exceed sector medians (13.1% and implied lower), supported by a strong Financials pillar score of 82, though valuation at 10.8x P/B sits above the 3.7x sector median. Monitor liquidity and dividend sustainability as the primary constraint, given the 6.8% FCF yield must support shareholder returns while funding growth in Nigeria's recovering aviation sector.
Stock Snowflake 5-axis radar
Blue = NAHCO. Gold dash = Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 16.9x — in line with Services median of 20.9x.
- ROE of 58.1% — well above Services median of 13.1%. Top-quartile capital efficiency.
- Net margin of 27.2% — robust pricing power and cost discipline.
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 ratio16.9x
P/B ratio10.8x
P/S ratio5.1x
EV/EBITDA11.3x
FCF yield6.8%
Financials
ROE58.1%
ROA28.6%
Net margin27.2%
FCF margin34.4%
Debt / Equity0.2x
Technical
Last close₦148
Above 50d MA-21.3%
Above 200d MA15.7%
ADX (trend)100.0
RSI15.3
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: 4.67% 5y DPS CAGR: +117.0% ↑ 10y CAGR: +41.1%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦6.25 | ₦6.25 | — | 01 May 2026 | 15 May 2026 |
| 2023 | — | ₦2.56 | ₦2.56 | — | — | 24 May 2024 |
| 2022 | — | ₦1.20 | ₦1.20 | — | — | 26 May 2023 |
| 2021 | — | ₦0.41 | ₦0.41 | — | — | 29 Jul 2022 |
| 2020 | — | ₦0.13 | ₦0.13 | — | — | 30 Jul 2021 |
| 2019 | — | ₦0.3 | ₦0.3 | — | — | 16 Jul 2020 |
| 2018 | — | ₦0.25 | ₦0.25 | — | — | — |
| 2017 | — | ₦0.25 | ₦0.25 | — | — | — |
| 2016 | — | ₦0.22 | ₦0.22 | — | — | — |
| 2015 | — | ₦0.2 | ₦0.2 | — | — | — |
Peers in 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 |
|---|---|---|---|---|---|
| ABCTRANS | 64.3 | 17.5x | 9.2x | 39.9% | Illiquid |
| REDSTAREX | 58.9 | 24.2x | 4.3x | 16.1% | Illiquid |
| UPL | 57.9 | 10.6x | 0.7x | 5.5% | Illiquid |
| SKYAVN | 57.1 | 25.0x | 3.6x | 13.1% | Illiquid |
| CAVERTON | 52.4 | — | — | — | Neutral |
| TIP | 74.1 | 6.2x | 3.7x | 60.9% | Accumulate |
Recent news mentioning NAHCO
NGX corporate disclosures NAHCO · last 1
Plain-English summaries of every NGX filing for NAHCO, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Insider Dealing
filed 29 Jun 2026
NAHCO's Executive Director Olusola Peter Obabori sold 410,000 ordinary shares on 11 June 2026 at ₦173.85 per share, totaling approximately ₦71.1 million. This initial insider dealing notification reflects a material reduction in directorial shareholding and should be tracked against subsequent filings to assess ongoing position changes.