CWG

CWG Plc is a high-quality Nigerian ICT franchise compounding earnings at a rapid pace — FY2025 EPS of ₦1.97 (up ~63% from ₦1.21 in FY2024) and ROE of ~50% signal a structurally improving business model — while the stock trades at a current P/E of ~9.5x against a blended fair-value anchor of ₦22.35 (base case), implying approximately 19% upside at current price of ₦18.80. A Non-Executive Director purchased 1 million shares at ₦18.00–₦18.34 in September 2026, providing a credible insider confidence signal near the current price. The combination of undervaluation, quality fundamentals, and insider buying supports an accumulate thesis on a 12-month horizon.

Verdict published 2026-10-26 · fundamentals through Q2-2026 · reviewed as the data changes