MULTITREX
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 · 4 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.
Implied book multiple is far from the peer group
At the computed value this company would trade at a P/B a long way from its sector median. Either the book-value input or the peer anchor is unreliable.
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.
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.
- A verified book value per share, or a peer group with enough clean constituents.
- A per-share figure in the source data that reconciles to the reported totals.
Show what the engine computed
Rejected figure · ₦4.80 — ceiling — raw base ₦4.80 is 7.27x 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 · 4.22× between the highest and lowest valuation leg.
Methods disagree · The valuation legs disagree by 4.22x (Blended P/E band ₦2.44 vs Blended P/B band ₦10.3). No point estimate is defensible until the inputs are reconciled.
Failed plausibility rail · Fair value hit our plausibility bounds: ceiling — raw base ₦4.80 is 7.27x price. The published base is the rail, not a derivation.
Implied P/B off peers · Implied P/B at base 1.91x is 0.35x the sector median 5.41x.
Figure corrected · EPS anchor is from the accounts to 2024-04-30; the company has since filed MULTI-TREX INTEGRATED FOODS PLC- QUARTER 5 - FINANCIAL STATE (2026-10-02), which we hold and which shows no positive earnings per share to anchor on
Input quality · EPS anchor is from the accounts to 2024-04-30; the company has since filed MULTI-TREX INTEGRATED FOODS PLC- QUARTER 5 - FINANCIAL STATE (2026-10-02), which we hold and which shows no positive earnings per share to anchor on
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.