Tuesday, January 25 2022

As the year draws to a close, companies are starting to release their earnings forecasts for the coming quarter, which, to a large extent, will give investors a vision of things to come.

Yet what will probably offer the best insurance for sound investment decisions at this time are strong fundamentals that can broaden companies’ earnings power and long-term revenue streams, including diversification, expansion, mergers and acquisitions.

PREMIUM TIMES has gathered a number of stocks with fundamentals and other potentials, taking key analytical approaches so you don’t have to randomly choose stocks to invest.

Selection, the product of analytical market intelligence, provides a guide for entering the market and taking strategic positions with the expectation that stocks will gain value over time, especially in the short term.

This is not a recommendation to buy, sell or hold. You may need to involve your financial advisor before making any investment decisions.

MEYER SA

For a share to trade at N0.33 have earnings per share (EPS) as high as N2.48 and a price / benefit (PE) of 0.13, Meyer is definitely worth the investment. The stock is possibly the most undervalued stock on the Nigerian stock exchange, making it cheap to invest.

In August, the paint maker declared an interim dividend of N 1.50 at a time when the company’s shares were trading at just N 0.59 per unit.

UNIT BANK

Unity Bank is on this week’s pick to trade near its lowest price in 52 weeks and currently trade well below its true value, making its current price a good entry point for potential investors .

Currently, Unity Bank is the most undervalued bank stock, with a PE ratio of 2.05 and EPS of 0.21 N.

CORNERSTONE INSURANCE

Cornerstone is making this week’s selection to trade well below its true value and to trade near its lowest price in 52 weeks, making it cheap for investment. Its PE ratio is 3.06 while its EPS is N0.16.

ECOBANK TRANSNATIONAL INCORPORATED

Ecobank is on this week’s list due to its strong financial results for the first nine months of this year, which saw the lender release a 847 percent profit jump over to its figure a year earlier.

Additionally, Ecobank is trading well below its actual value with EPS of 3.61 N and PE ratio of 2.51 making it cheap for investment.


OANDO

Oando offers a selection for trading below its intrinsic value. The oil driller has a PE ratio of 2.12, EPS of 2.32 N at a price of 4.93 N.

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