VFDGROUP

VFD Group Plc is a diversified investment holding company trading at ₦12.25 — a 45% discount to our blended base fair value of ₦22.15 — with a Q3-2026 earnings run-rate implying EPS of ₦1.27 and a trailing P/E of roughly 9.6x against a whole-market median of 13.6x. The committee score flags positive reads on value, quality, momentum and income simultaneously, a combination that is rare on the NGX and argues for active accumulation. With a newly appointed Deputy Managing Director carrying 20+ years of M&A and corporate finance experience, execution capacity to deploy the group's investment portfolio is arguably improving at a critical juncture.

Verdict published 2026-10-26 · fundamentals through H1-2026 · reviewed as the data changes