ABCTRANS

ABC Transport Plc has delivered a genuine operational turnaround — swinging from multi-year losses to a 31% ROE on filing-derived figures for FY2026 — and is growing revenue and book value at a compelling pace for a Nigerian road-transport franchise. However, at ₦6.60, the stock trades at 18.3x trailing P/E and 5.7x P/B, representing a 53% premium to our blended fair-value base of ₦3.08, with the bull-case ceiling of ₦4.10 still 38% below the current price. Quality has genuinely improved, but the valuation gap is too wide to recommend purchase at prevailing levels.

Verdict published 2026-10-26 · fundamentals through FY2026 · reviewed as the data changes