Valuation
60
REDSTAREX · Red Star Express Plc
Illiquid Neutral Quality 4/5Distress proxy: 30.92 (Safe)
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Composite score
58.9
Tier: Illiquid
Last close
₦25
As of latest snapshot
30-day ADV
₦503.9K
Liquidity signal
Market cap
₦21.19B
Services
Financials
55
Technical
63
AI bottom line
REDSTAREX trades at a 15% valuation premium (24.2x P/E vs. 20.9x sector median) despite fundamentals that only marginally outpace peers—ROE of 16.1% justifies modest but not substantial multiple expansion. The stock's severe illiquidity (₦503k daily volume) presents the binding constraint for institutional deployment; position-building feasibility matters more than the mid-tier 58.9 composite score.
Stock Snowflake 5-axis radar
Blue = REDSTAREX. Gold dash = Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 24.2x — in line with Services median of 20.9x.
- ROE of 16.1% — above Services median of 13.1%.
Risk flags
Thin liquidity — 30d ADV ≈ ₦0.5M
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 ratio24.2x
P/B ratio4.3x
P/S ratio1.0x
EV/EBITDA14.8x
FCF yield4.9%
Financials
ROE16.1%
ROA7.9%
Net margin3.7%
FCF margin4.9%
Debt / Equity0.0x
Technical
Last close₦25
Above 50d MA-15.9%
Above 200d MA27.1%
ADX (trend)74.8
RSI38.0
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: 0.87% 👑 Aristocrat · 10 consecutive years 5y DPS CAGR: -12.9% ↓
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2022 | — | ₦0.2 | ₦0.2 | — | — | 15 Sep 2023 |
| 2021 | ₦0.075 | — | ₦0.075 | — | — | 12 Oct 2022 |
| 2020 | — | ₦0.05 | ₦0.05 | — | — | 23 Sep 2021 |
| 2019 | — | ₦0.35 | ₦0.35 | — | — | 15 Oct 2020 |
| 2018 | — | ₦0.43 | ₦0.43 | — | — | — |
| 2017 | — | ₦0.4 | ₦0.4 | — | — | — |
| 2016 | — | ₦0.4 | ₦0.4 | — | — | — |
| 2015 | — | ₦0.35 | ₦0.35 | — | — | — |
| 2014 | — | ₦0.35 | ₦0.35 | — | — | — |
| 2013 | — | ₦0.35 | ₦0.35 | — | — | — |
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 |
|---|---|---|---|---|---|
| UPL | 57.9 | 10.6x | 0.7x | 5.5% | Illiquid |
| SKYAVN | 57.1 | 25.0x | 3.6x | 13.1% | Illiquid |
| NAHCO | 61.7 | 16.9x | 10.8x | 58.1% | Accumulate |
| ABCTRANS | 64.3 | 17.5x | 9.2x | 39.9% | Illiquid |
| CAVERTON | 52.4 | — | — | — | Neutral |
| CILEASING | 47.0 | 6.3x | 0.3x | 5.0% | Neutral |
Recent news mentioning REDSTAREX
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NGX corporate disclosures REDSTAREX · last 1
Plain-English summaries of every NGX filing for REDSTAREX, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Earnings Forecast
filed 10 Jun 2026
Red Star Express PLC filed a Q2 2026 (July–September) earnings forecast on 10 June 2026. The company projects ₦286.1 million profit after tax on ₦8.2 billion turnover, with operating cash generation of ₦737.3 million offset by ₦516.2 million in capex, leaving net cash increase of ₦221.1 million.