LIVESTOCK
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
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
- A per-share input (earnings or book value) that reconciles to the latest audited totals.
Show what the engine computed
Rejected figure · ₦1.70 — floor — raw base ₦1.70 is 0.21x 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 · 2.19× between the highest and lowest valuation leg.
Failed plausibility rail · Fair value hit our plausibility bounds: floor — raw base ₦1.70 is 0.21x price. The published base is the rail, not a derivation.
Livestock Feeds Plc trades at ₦8.05, implying a P/E of ~73x on H1-2026-annualised EPS of ~₦0.11 and a P/B of ~15.8x on BVPS of ₦0.51 — multiples that are difficult to justify against a trailing earnings history marked by three loss-making years (FY2021, FY2022, FY2025) and a book value that has been largely eroded. While Q2-2026 profitability has improved materially on lower finance costs, revenue fell 28% YoY in Q2-2026, signalling that the earnings recovery is fragile and top-line driven deterioration remains an ongoing concern. The committee score returns a net score of -3 (quality: negative, momentum: negative, risk: negative), and the valuation engine's raw fair value of ₦1.70 — though unreliable as a precise target — directionally confirms severe overvaluation relative to fundamentals.
Verdict published 2026-08-11 · fundamentals through Q2-2026 · reviewed as the data changes
Verdict moderated to Watch — Avoid was refused
Fair value hit our plausibility bounds, so there is no defensible valuation behind an extreme call.
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.