NNFM
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 · ₦2.38 — floor — raw base ₦2.38 is 0.03x price. This figure is shown only to document what was refused; it is not an estimate and no upside is computed from it.
Failed plausibility rail · Fair value hit the credibility rail: floor — raw base ₦2.38 is 0.03x price. The published base is the rail, not a derivation.
Northern Nigeria Flour Mills Plc (NNFM) is a consumer goods flour miller trading at ₦79.4 against FY2026 EPS of only ₦0.14, implying a vendor-corroborated trailing P/E of ~553x — a multiple that is e…
Verdict moderated to Watch — Avoid was refused
Fair value hit the credibility rail, so there is no defensible valuation behind an extreme call.
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.