LIVESTOCK
Investo's verdict, shared with you
No fair value published
The derivation ran and was refused by our own plausibility checks. We publish no number rather than a plausible-looking one.
Why · 2 checks
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.
The derivation failed our plausibility check
The computed value landed outside the 0.4×–2.5× band that real price targets occupy. A result that far from the traded price means one of our inputs is wrong, not that the market is wrong by that much — so we publish nothing rather than clamp it into range.
What we would need
- Earnings and book value drawn from the same set of accounts, so the two legs can be reconciled.
- A per-share input (earnings or book value) that reconciles to the latest audited totals.
Show what the engine computed
Rejected figure · ₦2.34 — floor — raw base ₦2.34 is 0.25x price. This figure is shown only to document what was refused; it is not an estimate and no upside is computed from it.
Method spread · 3.24× between the highest and lowest valuation leg.
Methods disagree · The valuation legs disagree by 3.24x (Blended P/E band ₦1.4 vs Blended P/B band ₦4.54). No point estimate is defensible until the inputs are reconciled.
Failed plausibility rail · Fair value hit the credibility rail: floor — raw base ₦2.34 is 0.25x price. The published base is the rail, not a derivation.
Livestock Feeds Plc trades at ₦9.45, implying a P/E of ~85.9x on annualised Q1-2026 EPS of ₦0.11 and a P/B of ~25.3x on BVPS of ₦0.37 — multiples that are egregiously elevated relative to both the co…
Verdict moderated to Watch — Avoid was refused
Fair value hit the credibility rail, so there is no defensible valuation behind an extreme call.
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.