Valuation
72
TRANSCORP · Transnational Corporation Of Nigeria Plc
Accumulate Neutral Quality 5/5Distress proxy: 44.61 (Safe)
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Composite score
68.8
Tier: Accumulate
Last close
₦42
As of latest snapshot
30-day ADV
₦92.2M
Liquidity signal
Market cap
₦386.16B
Conglomerates
Financials
80
Technical
48
AI bottom line
Transcorp trades at a significant valuation discount (4.4x P/E vs. 12.6x sector median) while delivering superior profitability with 22.5% ROE and 16.8% net margin, suggesting meaningful upside if quality recognition improves. Monitor the stock's ability to sustain 25.1% FCF yield and stabilize liquidity (₦92.2M ADV) following NGX-30 index exclusion, which may pressure institutional demand.
Stock Snowflake 5-axis radar
Blue = TRANSCORP. Gold dash = Conglomerates median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 4.4x — about 65% below the Conglomerates median of 12.6x.
- Free cash flow yield of 25.1% — strong cash generation relative to market cap.
- ROE of 22.5% — well above Conglomerates median of 16.6%. Top-quartile capital efficiency.
- Below both 50-day (-7.8%) and 200-day (-7.9%) 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 ratio4.4x
P/B ratio1.7x
P/S ratio0.8x
EV/EBITDA2.6x
FCF yield25.1%
Financials
ROE22.5%
ROA8.2%
Net margin16.8%
FCF margin20.1%
Debt / Equity0.2x
Technical
Last close₦42
Above 50d MA-7.8%
Above 200d MA-7.9%
ADX (trend)51.5
RSI44.0
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: 4.24% 5y DPS CAGR: +175.9% ↑
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦1.60 | ₦1.60 | — | 01 May 2026 | 19 May 2026 |
| 2024 | — | ₦0.6 | ₦0.6 | — | — | 16 Apr 2025 |
| 2023 | — | ₦0.1 | ₦0.1 | — | — | 28 May 2024 |
| 2022 | — | ₦0.05 | ₦0.05 | — | — | 27 Apr 2023 |
| 2021 | — | ₦0.02 | ₦0.02 | — | — | 22 Apr 2022 |
| 2020 | — | ₦0.01 | ₦0.01 | — | — | 27 Apr 2021 |
| 2019 | — | ₦0.01 | ₦0.01 | — | — | 27 Mar 2020 |
| 2018 | — | ₦0.03 | ₦0.03 | — | — | — |
| 2017 | — | ₦0.02 | ₦0.02 | — | — | — |
| 2015 | — | — | — | 1 for 20 | — | — |
Peers in Conglomerates
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 |
|---|---|---|---|---|---|
| JOHNHOLT | 67.5 | 5.7x | 0.8x | 13.0% | Illiquid |
| VFDGROUP | 59.6 | 12.6x | 1.3x | 6.2% | Neutral |
| UACN | 53.6 | 24.7x | 6.7x | 24.6% | Neutral |
| CHELLARAM | 50.5 | 20.6x | 2.2x | 16.6% | Illiquid |