Valuation
73
ZENITHBANK · Zenith International Bank Plc
Accumulate Quality Compounder Quality 5/5Distress proxy: 55.53 (Safe)
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Composite score
71.8
Tier: Accumulate
Last close
₦110
As of latest snapshot
30-day ADV
₦7.08B
Liquidity signal
Market cap
₦4.54T
Financial Services
Financials
75
Technical
64
AI bottom line
Zenith Bank trades at a significant valuation discount (4.4x P/E vs. 7.8x median, 0.9x P/B vs. 1.4x) while delivering superior profitability (20.1% ROE, 43.9% net margin), creating a quality-at-discount setup with no flagged risks. Monitor whether this valuation gap persists or narrows as the market reprices the 75.2% FCF yield relative to sector peers.
Stock Snowflake 5-axis radar
Blue = ZENITHBANK. Gold dash = Financial Services median. Bigger area = better across the five research dimensions.
What the model is seeing
- Trades at P/E 4.4x — about 44% below the Financial Services median of 7.8x.
- P/B of 0.9x — trading below book value, often a value signal (or a quality flag if persistent).
- Free cash flow yield of 75.2% — strong cash generation relative to market cap.
- ROE of 20.1% — above Financial Services median of 17.3%.
- Net margin of 43.9% — 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 ratio4.4x
P/B ratio0.9x
P/S ratio2.0x
EV/EBITDA—
FCF yield75.2%
Financials
ROE20.1%
ROA3.2%
Net margin43.9%
FCF margin149.8%
Debt / Equityn/a (bank)
Technical
Last close₦110
Above 50d MA-11.6%
Above 200d MA32.7%
ADX (trend)62.0
RSI32.9
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: 1.17% 5y DPS CAGR: -14.3% ↓ 10y CAGR: +17.5%
| FY | Interim DPS | Final DPS | Total cash | Bonus | Qualification | Payment |
|---|---|---|---|---|---|---|
| 2025 | — | ₦8.75 | ₦8.75 | — | 24 Apr 2026 | 05 May 2026 |
| 2024 | ₦1.00 | ₦4.00 | ₦5.00 | — | — | 29 Apr 2025 |
| 2023 | ₦0.5 | ₦3.50 | ₦4.00 | — | — | 08 May 2024 |
| 2022 | ₦0.3 | ₦2.90 | ₦3.20 | — | — | 02 May 2023 |
| 2021 | — | ₦2.80 | ₦2.80 | — | — | 06 Apr 2022 |
| 2020 | — | ₦2.70 | ₦2.70 | — | — | 16 Mar 2021 |
| 2019 | ₦0.3 | ₦2.50 | ₦2.80 | — | — | 16 Mar 2020 |
| 2018 | ₦0.3 | ₦2.50 | ₦2.80 | — | — | — |
| 2017 | ₦0.3 | ₦2.45 | ₦2.75 | — | — | — |
| 2016 | — | ₦0.25 | ₦0.25 | — | — | — |
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 |
|---|---|---|---|---|---|
| GTCO | 68.1 | 5.2x | 1.3x | 22.4% | Accumulate |
| FCMB | 66.9 | 2.3x | 0.6x | 19.4% | Accumulate |
| AIICO | 65.9 | 8.1x | 1.4x | 17.5% | Accumulate |
| CORNERST | 65.1 | 8.9x | 1.4x | 15.8% | Accumulate |
| MBENEFIT | 65.1 | 3.3x | 1.0x | 24.6% | Accumulate |
| CONHALLPLC | 63.6 | 7.5x | 1.5x | 20.0% | Accumulate |
Recent news mentioning ZENITHBANK
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NGX corporate disclosures ZENITHBANK · last 5
Plain-English summaries of every NGX filing for ZENITHBANK, generated from the underlying PDFs by Claude Haiku. Click "Read the filing" to open the official document.
Insider Dealing
filed 29 Jun 2026
Summary unavailable — read the original ↗
Insider Dealing
filed 24 Jun 2026
Summary unavailable — read the original ↗
Insider Dealing
filed 24 Jun 2026
Summary unavailable — read the original ↗
Insider Dealing
filed 24 Jun 2026
Summary unavailable — read the original ↗
Insider Dealing
filed 16 Jun 2026
Summary unavailable — read the original ↗