ARADEL

Aradel Holdings trades at ₦1,405 — a 3% discount to the bear-case fair value of ₦1,425 and a 19% discount to the blended base-case fair value of ₦1,738 — while delivering ROE of ~18.5% on filing-derived figures (or ~44% per our independent data source, likely reflecting a different equity base), a PBT margin of ~30% on Q2-2026 revenue of ₦2.49 trillion, and an EPS of ₦92.34 that represents 55% growth over FY2024's ₦59.63. At a current P/E of ~15.2x against a sector peer median of 19.3x (n=6), the stock screens as value-positive with quality support, warranting accumulation on dips toward current levels.

Verdict published 2026-10-26 · fundamentals through FY2025 · reviewed as the data changes