Valuation
61
WEMABANK · Wema Bank Plc
Accumulate Neutral Quality 5/5Distress proxy: 59.77 (Safe)
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Composite score
63.0
Tier: Accumulate
Last close
₦26
As of latest snapshot
30-day ADV
₦2.38B
Liquidity signal
Market cap
₦1.00T
Financial Services
Financials
81
Technical
41
AI bottom line
Wema Bank trades at a significant valuation discount (3.5x P/E vs. 7.9x sector median) while delivering outsized profitability with 31.3% ROE and 46.2% net margin, suggesting either genuine quality mispricing or hidden structural risks. Monitor whether this margin premium and return differential sustain as competitive pressures normalize, given the stock's weak technical positioning (41/100).
Stock Snowflake 5-axis radar
Blue = WEMABANK. Gold dash = Financial Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 3.5x — about 55% below the Financial Services median of 7.8x.
- Free cash flow yield of 26.3% — strong cash generation relative to market cap.
- ROE of 31.3% — well above Financial Services median of 17.3%. Top-quartile capital efficiency.
- Net margin of 46.2% — 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 ratio3.5x
P/B ratio1.7x
P/S ratio2.6x
EV/EBITDA—
FCF yield26.3%
Financials
ROE31.3%
ROA3.8%
Net margin46.2%
FCF margin67.7%
Debt / Equityn/a (bank)
Technical
Last close₦26
Above 50d MA-15.8%
Above 200d MA9.7%
ADX (trend)29.8
RSI21.1
Dividend history 7 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: 4.94% 7 consecutive years of payment 5y DPS CAGR: +99.1% ↑
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦1.25 | ₦1.25 | — | 29 Apr 2026 | 20 May 2026 |
| 2024 | — | ₦1.00 | ₦1.00 | — | — | 22 May 2025 |
| 2023 | — | ₦0.5 | ₦0.5 | — | — | 28 May 2024 |
| 2022 | — | ₦0.3 | ₦0.3 | — | — | 24 May 2023 |
| 2021 | — | ₦0.24 | ₦0.24 | — | — | 10 May 2022 |
| 2020 | — | ₦0.04 | ₦0.04 | — | — | 25 May 2021 |
| 2019 | — | ₦0.04 | ₦0.04 | — | — | 18 May 2020 |
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 |
|---|---|---|---|---|---|
| LINKASSURE | 63.3 | 3.2x | 0.5x | 16.4% | Accumulate |
| CONHALLPLC | 63.6 | 7.5x | 1.5x | 20.0% | Accumulate |
| UNIVINSURE | 62.0 | 3.3x | 0.9x | 23.7% | Accumulate |
| MBENEFIT | 65.1 | 3.3x | 1.0x | 24.6% | Accumulate |
| CORNERST | 65.1 | 8.9x | 1.4x | 15.8% | Accumulate |
| AIICO | 65.9 | 8.1x | 1.4x | 17.5% | Accumulate |
Recent news mentioning WEMABANK
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NGX corporate disclosures WEMABANK · last 1
Plain-English summaries of every NGX filing for WEMABANK, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Q2 / Half-Year Financial Statement
filed 13 Jun 2026
Wema Bank PLC filed unaudited Q1 2026 financial statements (period ended 31 March 2026). Q1 net profit was ₦63.1 billion versus ₦35.9 billion year-over-year; full-year 2025 profit was ₦194.5 billion. Total assets stand at ₦5.23 trillion as of 31 March 2026. No dividends or capital actions are disclosed in this filing.