SKYAVN

SKYAVN is a high-quality aviation ground-handling franchise with demonstrably strong earnings momentum — EPS has compounded from ₦0.21 in FY2021 to ₦7.20 in FY2025 (~34× in four years) — and an ROE of 15.1%, yet at the current price of ₦171.20 the stock trades at approximately 23.8× trailing P/E and 3.6× P/B, roughly 91% above our blended fair value estimate of ₦89.51. The quality narrative is genuine and the committee score is constructive overall, but the valuation premium is too wide to ignore: no near-term earnings catalyst visible in the filed data bridges that gap. Until the share price corrects materially or forward earnings re-rate the fair value upward, risk-reward is unattractive.

Verdict published 2026-10-26 · fundamentals through Q2-2026 · reviewed as the data changes