Valuation
74
UPL · University Press Plc
Illiquid Neutral Quality 2/5Distress proxy: 19.88 (Safe)
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Composite score
57.9
Tier: Illiquid
Last close
₦5
As of latest snapshot
30-day ADV
₦83.4K
Liquidity signal
Market cap
₦2.11B
Services
Financials
49
Technical
45
AI bottom line
UPL trades at a significant valuation discount (P/E 10.6x vs. sector 20.9x, P/B 0.7x vs. 3.7x), but this reflects genuine operational weakness: ROE of 5.5% lags the sector median of 13.1%, and negative FCF yield of -3.5% signals cash generation challenges. The illiquid 30-day ADV of ₦0.1M creates execution risk for institutional positions; monitor whether upcoming earnings demonstrate margin recovery or continued cash burn.
Stock Snowflake 5-axis radar
Blue = UPL. Gold dash = Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 10.6x — about 49% below the Services median of 20.9x.
- P/B of 0.7x — trading below book value, often a value signal (or a quality flag if persistent).
- ROE of 5.5% — well below sector median of 13.1%. Capital is underperforming.
- Below both 50-day (-8.2%) and 200-day (-12.8%) moving averages — sustained downtrend.
Risk flags
Thin liquidity — 30d ADV ≈ ₦0.1M
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 ratio10.6x
P/B ratio0.7x
P/S ratio0.6x
EV/EBITDA4.4x
FCF yield-3.5%
Financials
ROE5.5%
ROA4.2%
Net margin5.0%
FCF margin-2.2%
Debt / Equity0.0x
Technical
Last close₦5
Above 50d MA-8.2%
Above 200d MA-12.8%
ADX (trend)50.8
RSI43.5
Dividend history 5 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: 2.11% 5 consecutive years of payment
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2022 | — | ₦0.1 | ₦0.1 | — | — | 21 Sep 2023 |
| 2021 | — | ₦0.1 | ₦0.1 | — | — | 29 Sep 2022 |
| 2020 | — | ₦0.05 | ₦0.05 | — | — | 23 Sep 2021 |
| 2019 | — | ₦0.15 | ₦0.15 | — | — | 05 Nov 2020 |
| 2018 | — | ₦0.15 | ₦0.15 | — | — | — |
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 |
|---|---|---|---|---|---|
| SKYAVN | 57.1 | 25.0x | 3.6x | 13.1% | Illiquid |
| REDSTAREX | 58.9 | 24.2x | 4.3x | 16.1% | Illiquid |
| NAHCO | 61.7 | 16.9x | 10.8x | 58.1% | Accumulate |
| CAVERTON | 52.4 | — | — | — | Neutral |
| ABCTRANS | 64.3 | 17.5x | 9.2x | 39.9% | Illiquid |
| CILEASING | 47.0 | 6.3x | 0.3x | 5.0% | Neutral |
Recent news mentioning UPL
NGX corporate disclosures UPL · last 1
Plain-English summaries of every NGX filing for UPL, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Other Financial Filing
filed 29 Jun 2026
University Press Plc filed audited financials for year ended 31 March 2026. Revenue rose 14% to ₦3.9bn and profit before tax swung to ₦389.5m (37% gain vs prior year loss). Directors propose 18 kobo per share dividend (₦77.7m total), payable 24 September 2026 to shareholders registered by 31 August 2026, subject to AGM approval and withholding tax.