TRANSCORP

Transnational Corporation Plc trades at ₦37, a steep 57% discount to our blended base fair value of ₦85.92 (70% P/E, 30% P/B), supported by a filing-derived EPS of ₦13.37 (FY2025) and BVPS of ₦36.19 (Q2-2026), with the stock clearing book value by only a marginal 2%. The company generates a compelling ROE of ~37% (confirmed by both filing-derived data and our independent cross-check at 38.29%), operating across energy, hospitality, and conglomerate verticals that provide meaningful earnings diversification. Sustained insider buying at ₦39–40 by senior management including the CFO in July 2026 adds a credible signal of management conviction at current prices.

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