LASACO
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 · 3.21× between the highest and lowest valuation leg.
Methods disagree · The valuation legs disagree by 3.21x (Blended P/E band ₦2.06 vs Blended P/B band ₦2.41 vs Justified P/B ₦0.75). No point estimate is defensible until the inputs are reconciled.
LASACO Assurance trades at ₦2.18, approximately 9% above the base-case fair value of ₦1.98 and against a deeply conflicted valuation picture where the Justified P/B method (anchored in ROE of 8.8% vs.
Verdict moderated to Watch — Avoid was refused
Committee scores Value POSITIVE (overall mixed); an "avoid" against our own committee is not publishable without a re-derivation.
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.