Presco Hits ₦1,000! A New Era or Just the Beginning?
Presco Plc has made a bold entrance into the elite ₦1 trillion market cap club on the Nigerian Exchange (NGX), following a 1.52% price increase that pushed its stock to ₦1,000 per share on June 17, 2025. This milestone positions Presco among the fastest-growing stocks of the year and highlights renewed investor interest in Nigeria’s agricultural sector, particularly palm oil.
Analysts Still Bullish
Despite its already impressive performance, analysts remain optimistic. Meristem Research has pegged a new target price of ₦1,062.52, implying further upside potential. Kayode Eseyin of CardinalStone Securities echoed this optimism, citing Presco’s strong earnings outlook and its strategic acquisition of Ghana Oil Palm Development Company (GOPDC) as key growth drivers.
Strong Fundamentals Back the Rally
Presco’s share price has more than doubled in 2025, rising 111% year-to-date from ₦475 to ₦1,000. The growth is supported by remarkable financials:
• 2024 Net Profit: ₦77.8 billion
• 2024 Revenue: ₦207.5 billion (more than double YoY)
• Q1 2025 Net Income: ₦47.6 billion
• Earnings Per Share (EPS): ₦47.58
• P/E Ratio: 21.0x – signaling healthy investor confidence
• Final Dividend for FY2024: ₦42 per share (4.2% yield)
Presco Joins the Trillionaire Club
Presco becomes the 7th company this year to surpass a market capitalization of ₦1 trillion. Others include:
• Access Holdings
• Nigerian Breweries
• International Breweries
• Fidelity Bank
• Stanbic IBTC
• Nestle Nigeria
Presco vs Okomu Oil: A Friendly Rivalry
While Presco races ahead, its industry peer Okomu Oil has also shown strength in 2025, gaining 46.4% YTD. Despite a higher P/E ratio of 28.5x, Okomu posted ₦21.7 billion in net income with an EPS of ₦22.79. Still, Presco appears to have the edge in profitability and operational efficiency.
Presco’s ROAE (Return on Average Equity) sits at a whopping 97.6%, a clear indicator of how well the company deploys capital to generate shareholder returns—an achievement that makes it one of the most efficient firms on the NGX.
What This Means for Investors
• Presco’s fundamentals are solid, and its growth outlook is backed by both organic performance and strategic expansion.
• Investors seeking growth and income may find the stock attractive, especially with the added ₦42 dividend.
• At ₦1,000/share, Presco may seem expensive, but analysts argue the value is justified—especially with half-year results around the corner.
Conclusion: Presco’s story in 2025 is more than just a price rally—it’s a combination of strong earnings, aggressive expansion, and renewed investor confidence. While some may hesitate at ₦1,000/share, others see this as just the beginning of a new valuation era.
Presco Plc has made a bold entrance into the elite ₦1 trillion market cap club on the Nigerian Exchange (NGX), following a 1.52% price increase that pushed its stock to ₦1,000 per share on June 17, 2025. This milestone positions Presco among the fastest-growing stocks of the year and highlights renewed investor interest in Nigeria’s agricultural sector, particularly palm oil.
Analysts Still Bullish
Despite its already impressive performance, analysts remain optimistic. Meristem Research has pegged a new target price of ₦1,062.52, implying further upside potential. Kayode Eseyin of CardinalStone Securities echoed this optimism, citing Presco’s strong earnings outlook and its strategic acquisition of Ghana Oil Palm Development Company (GOPDC) as key growth drivers.
Strong Fundamentals Back the Rally
Presco’s share price has more than doubled in 2025, rising 111% year-to-date from ₦475 to ₦1,000. The growth is supported by remarkable financials:
• 2024 Net Profit: ₦77.8 billion
• 2024 Revenue: ₦207.5 billion (more than double YoY)
• Q1 2025 Net Income: ₦47.6 billion
• Earnings Per Share (EPS): ₦47.58
• P/E Ratio: 21.0x – signaling healthy investor confidence
• Final Dividend for FY2024: ₦42 per share (4.2% yield)
Presco Joins the Trillionaire Club
Presco becomes the 7th company this year to surpass a market capitalization of ₦1 trillion. Others include:
• Access Holdings
• Nigerian Breweries
• International Breweries
• Fidelity Bank
• Stanbic IBTC
• Nestle Nigeria
Presco vs Okomu Oil: A Friendly Rivalry
While Presco races ahead, its industry peer Okomu Oil has also shown strength in 2025, gaining 46.4% YTD. Despite a higher P/E ratio of 28.5x, Okomu posted ₦21.7 billion in net income with an EPS of ₦22.79. Still, Presco appears to have the edge in profitability and operational efficiency.
Presco’s ROAE (Return on Average Equity) sits at a whopping 97.6%, a clear indicator of how well the company deploys capital to generate shareholder returns—an achievement that makes it one of the most efficient firms on the NGX.
What This Means for Investors
• Presco’s fundamentals are solid, and its growth outlook is backed by both organic performance and strategic expansion.
• Investors seeking growth and income may find the stock attractive, especially with the added ₦42 dividend.
• At ₦1,000/share, Presco may seem expensive, but analysts argue the value is justified—especially with half-year results around the corner.
Conclusion: Presco’s story in 2025 is more than just a price rally—it’s a combination of strong earnings, aggressive expansion, and renewed investor confidence. While some may hesitate at ₦1,000/share, others see this as just the beginning of a new valuation era.