MCNICHOLS
Investo's verdict, shared with you
McNichols Consolidated Plc is a small-cap Nigerian consumer goods company that delivered a striking 214% YoY surge in profit before tax to ₦359.7m on H1 2026 revenue of ₦3.2bn, driven primarily by cost-of-sales reduction rather than top-line acceleration (revenue grew a modest 3.6% YoY). At ₦5.40, the stock trades at a ~2.3% premium to our blended base fair value of ₦5.28, implying it is broadly fairly valued but not cheap, with quality metrics (ROE of ~26%) offering a partial offset to the premium. With only one clean year of annual filings in our own database and momentum and income factors both registering negative on our rules-based scorecard, the risk-adjusted entry point is unattractive at current prices.
Verdict published 2026-09-04 · fundamentals through FY2025 · reviewed as the data changes
Published with 1 open flag · confidence downgraded
A per-share input was repaired or refused
One of the per-share figures behind this valuation did not agree with the audited totals it should reconcile to, so it was recomputed from those totals or rejected outright.
confidence leans on the vendor snapshot, not on our own filings: vendor snapshot as of 2026-08-30 corroborated (agrees with our filing-derived EPS); credited 6 because we hold 1 clean annual year(s) of our own
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.