LEARNAFRCA

Learn Africa Plc is a profitable Nigerian educational publisher trading at ₦8.65 — approximately 21% below our blended base fair value of ₦10.95 — supported by a 59% YoY EPS improvement (₦0.547 to ₦0.87), a 17% ROE, and a 35-kobo dividend yield of roughly 4%. The committee score rates the stock 'strong' across value, quality, income, and risk dimensions, with near-term momentum the lone negative flag, making this a quality-at-a-discount setup for patient holders. At a current P/E of ~9.97x against a sector-median anchor of 11.08x and a P/B of 1.69x against a sector median of 2.75x, the market is not yet pricing in the earnings re-rating we believe is underway.

Verdict published 2026-09-04 · fundamentals through Q1-2026 · reviewed as the data changes