CMFC
Investo's verdict, shared with you
DEAP Capital Management & Trust Plc (CMFC) is a deeply distressed micro-cap financial services company undergoing regulatory proceedings, a name change to Critical Minerals Financing Corp Plc, and a book-reconciliation process that signals material undisclosed liabilities — making any mechanically derived upside from peer P/B multiples unreliable as a standalone investment signal. The company posted a pre-tax loss of ₦99.2m on revenue of just ₦63.6m for the nine months to Q3-2026, producing a negative ROE of -2.3%, while its market capitalisation of ₦5.25bn rests almost entirely on ₦4.3bn of book equity whose integrity is under active regulatory review. Until the reconciliation of books and records is completed and audited financials are available, the risk of permanent capital impairment is not adequately reflected in the current price of ₦3.50.
Verdict published 2026-10-26 · fundamentals through Q3-2026 · reviewed as the data changes
Published with 1 open flag · confidence downgraded
Our own committee reads this differently
Our rules-based factor scorecard scores this company's Value factor the opposite way to our fair value. Both cannot be right, so neither is presented as settled.
Committee scores Value NEGATIVE (cautious) but our base fair value implies +34.3% upside.
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.