FTGINSURE
Investo's verdict, shared with you
No fair value published
The derivation ran and was refused by our own plausibility checks — so we publish no number rather than a plausible-looking one.
Why
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.
What we would need
- Earnings and book value drawn from the same set of accounts, so the two legs can be reconciled.
Show what the engine computed
Method spread · 3.59× between the highest and lowest valuation leg.
Methods disagree · The valuation legs disagree by 3.59x (Blended P/E band ₦3.23 vs Blended P/B band ₦0.9 vs Justified P/B ₦2.11). No point estimate is defensible until the inputs are reconciled.
Fortis Insurance Plc (FTGINSURE) enters Q2-2026 in a structurally compromised position: Q1-2026 produced a PBT of -₦571m and PAT of -₦576m on revenues of only ₦446m, meaning operating losses swamped…
Verdict moderated to Watch — Avoid was refused
The valuation legs disagree by 3.59x, so there is no defensible valuation behind an extreme call.
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.