Lafarge Africa Plc (NGX: WAPCO) recorded strong Q1'25 performance, with core earnings rising by triple digits and gross and EBIT margins advancing by 1.9 ppts and 6.9 ppts, respectively. These results and positive market developments have prompted an upward revision to our estimates and valuation. Specifically, mostly aided by higher realisable cement price and volume projections, we raise our 12-month Target Price ('TP') to N116.11, representing a potential upside of 36.2% from the current reference price.
Download (294.47 KB)
CardinalStone is a full service investment banking firm with a vision to build a world class investment banking firm of African origin; operating out of Lagos, Nigeria. The firm was incorporated in April 2008 and began operations in June 2008. CardinalStone is duly registered with the Securities & Exchange Commission in Nigeria to carry on business as an Issuing House, Fund Manager and Broker/Dealer
The Firm's activities are carried out across five business units: Asset Management, Investment Banking, Private Equity, Securities Trading and the Business Support Group.
Latest Reports
