Valuation
61
VERITASKAP · Veritas Kapital Assurance Plc
Neutral Neutral Quality 4/5Distress proxy: 60.35 (Safe)
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Composite score
54.3
Tier: Neutral
Last close
₦1
As of latest snapshot
30-day ADV
₦22.3M
Liquidity signal
Market cap
₦19.69B
Financial Services
Financials
62
Technical
33
AI bottom line
Veritas Kapital trades at a meaningful valuation discount (P/E 5.3x vs 7.8x sector median) while matching peer ROE at 17.5%, but the combination of negative 39% FCF yield and 58.9% cash burn rate raises sustainability questions. Monitor whether operating cash generation improves—currently the stock's weak technical score (33) and liquidity (₦22.3M ADV) leave little room for deteriorating fundamentals.
Stock Snowflake 5-axis radar
Blue = VERITASKAP. Gold dash = Financial Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 5.3x — about 32% below the Financial Services median of 7.8x.
- ROE of 17.5% — above Financial Services median of 17.3%.
- Net margin of 27.2% — robust pricing power and cost discipline.
- Below both 50-day (-19.0%) and 200-day (-30.3%) moving averages — sustained downtrend.
Risk flags
Moderate liquidity — 30d ADV ≈ ₦22.3M
Cash burn — FCF margin -58.9%
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 ratio5.3x
P/B ratio1.1x
P/S ratio1.5x
EV/EBITDA0.2x
FCF yield-39.1%
Financials
ROE17.5%
ROA9.8%
Net margin27.2%
FCF margin-58.9%
Debt / Equity0.0x
Technical
Last close₦1
Above 50d MA-19.0%
Above 200d MA-30.3%
ADX (trend)64.0
RSI33.1
Dividend history 1 fiscal year shown
All amounts are gross of Nigeria's 10% withholding tax on dividends. Bonus ratios are 'new shares for shares held'.
Current yield: 2.00%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2021 | — | ₦0.025 | ₦0.025 | — | — | 13 May 2022 |
Peers in Financial 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 |
|---|---|---|---|---|---|
| WAPIC | 54.2 | 7.1x | 1.1x | 13.5% | Neutral |
| AFRIPRUD | 54.1 | 16.7x | 3.6x | 20.4% | Neutral |
| ACCESSCORP | 53.9 | 1.6x | 0.3x | 17.0% | Neutral |
| STANBIC | 55.0 | 6.4x | 2.1x | 32.5% | Neutral |
| CUSTODIAN | 52.1 | 5.5x | 2.0x | 28.1% | Neutral |
| NGXGROUP | 51.5 | 35.3x | 5.4x | 21.2% | Illiquid |
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