MCNICHOLS
Investo's verdict, shared with you
McNichols Consolidated Plc has delivered a remarkable profitability inflection in H1 2026, with profit before tax surging 214% year-on-year to ₦359.7m on modest 3.6% revenue growth of ₦3.19bn, suggesting meaningful cost rationalisation rather than top-line windfall. At ₦5.20, the stock trades at approximately 18.7x our filing-derived EPS of ₦0.28, a slight premium to the blended fair value base of ₦4.98 but broadly within the bull-case band of ₦6.25, supported by a 26% ROE and an improving earnings trajectory. The committee score reads 'strong' across value, quality, momentum and risk factors, with income the sole negative flag, making this a fundamentally sound but fully-priced small-cap consumer goods name.
Verdict published 2026-10-26 · 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 2026-10-25 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.