NEIMETH

Neimeth trades at ₦8.30, representing a ~106% premium to the blended fair-value base of ₦4.04 (bear ₦3.32 / bull ₦5.05) derived from peer-median multiples, implying roughly -51% downside to intrinsic value. While the business has returned to profitability — posting ₦207.66m PAT in H1-2026 on 26% revenue growth — the market is pricing the stock at 37x trailing earnings against a sector median of ~12.6x, a valuation disconnect that quality alone does not justify. The committee score (net score: -1, value: negative, momentum: negative) reinforces the avoid stance.

Verdict published 2026-08-18 · fundamentals through Q2-2026 · reviewed as the data changes