AFRINSURE
Investo's verdict, shared with you
No fair value published
The derivation ran and was refused by our own plausibility checks. We publish no number rather than a plausible-looking one.
Why · 3 checks
Our valuation methods disagree
The earnings-based and book-based readings of this company differ by more than 2.5×. That spread is real information, but averaging it would manufacture a number no method actually produced.
The derivation failed our plausibility check
The computed value landed outside the 0.4×–2.5× band that real price targets occupy. A result that far from the traded price means one of our inputs is wrong, not that the market is wrong by that much — so we publish nothing rather than clamp it into range.
A per-share input was repaired or refused
One of the per-share figures behind this valuation did not agree with the audited totals it should reconcile to, so it was recomputed from those totals or rejected outright.
What we would need
- Earnings and book value drawn from the same set of accounts, so the two legs can be reconciled.
- A per-share input (earnings or book value) that reconciles to the latest audited totals.
- A per-share figure in the source data that reconciles to the reported totals.
Show what the engine computed
Rejected figure · ₦0.56 — ceiling — raw base ₦0.56 is 2.79x price. This figure is shown only to document what was refused; it is not an estimate and no upside is computed from it.
Method spread · 2.89× between the highest and lowest valuation leg.
Methods disagree · The valuation legs disagree by 2.89x (Blended P/E band ₦0.78 vs Blended P/B band ₦0.28 vs Justified P/B ₦0.81). No point estimate is defensible until the inputs are reconciled.
Failed plausibility rail · Fair value hit our plausibility bounds: ceiling — raw base ₦0.56 is 2.79x price. The published base is the rail, not a derivation.
Figure corrected · EPS anchor is from the accounts to 2024-12-31; the company has since filed AFRICAN ALLIANCE INSURANCE PLC- AUDITED FINANCIAL STATEMENTS (2026-09-18), which has not yet been read
Input quality · EPS anchor is from the accounts to 2024-12-31; the company has since filed AFRICAN ALLIANCE INSURANCE PLC- AUDITED FINANCIAL STATEMENTS (2026-09-18), which has not yet been read
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.