CUTIX
Investo's verdict, shared with you
Cutix Plc, a Nigerian cable and wire manufacturer, trades at ₦2.35 against a base fair value of ₦2.06 derived from blended P/E and P/B multiples, implying roughly 12% downside on our primary anchor; however, the EPS underpinning that valuation is stale (anchored to April 2025 accounts) and the more recent Q5-2026 filing shows no positive EPS, raising material doubt about earnings continuity. Combined with a simultaneous external auditor resignation in August 2026, the investment case is clouded by data integrity and governance concerns that more than offset the company's historically respectable ROE of 28.9% (FY2026). Until a confirmed earnings trajectory and new audit arrangement emerge, the risk-reward is unfavourable at current prices.
Verdict published 2026-10-29 · fundamentals through Q1-2027 · reviewed as the data changes
Verdict moderated to Hold — Avoid was refused
Committee scores Value POSITIVE (overall cautious); an "avoid" against our own committee is not publishable without a re-derivation.
Published with 2 open flags · confidence downgraded
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.
BVPS FY2027: bvps_scale_disagreement(rep=90 der=0.51)
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.
EPS anchor is from the accounts to 2025-04-30; the company has since filed CUTIX PLC.- QUARTER 5 - FINANCIAL STATEMENT FOR 2026 (2026-07-29), which we hold and which shows no positive earnings per share to anchor on
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.