| 1WK | 4WK | 3MO |
|---|---|---|
| +1.86% | -3.53% | -22.2% |
| 6MO | 1YR | YTD |
|---|---|---|
| -11.7% | +28.9% | -8.39% |
The current share price of Access Holdings Plc (ACCESSCORP) is NGN 21.85. ACCESSCORP closed its last trading day (Wednesday, May 21, 2025) at 21.85 NGN per share on the Nigerian Stock Exchange (NGX), recording a 4.2% drop from its previous closing price of 22.80 NGN. Access began the year with a share price of 23.85 NGN but has since lost 8.39% off that price valuation, ranking it 120th on the NGX in terms of year-to-date performance.
Access Holdings is the third most traded stock on the Nigerian Stock Exchange over the past three months (Feb 17 – May 21, 2025). ACCESSCORP has traded a total volume of 2.47 billion shares—in 54,008 deals—valued at NGN 57.1 billion over the period, with an average of 39.2 million traded shares per session. A volume high of 144 million was achieved on February 17th, and a low of 10.5 million on May 15th, for the same period. The table below details the last 10 trading days of activity of Access on the Nigerian Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2025-05-21 | 35,103,761 | 21.85 | -0.95 | -4.17% |
| 2025-05-20 | 18,352,208 | 22.80 | -0.20 | -0.87% |
| 2025-05-19 | 45,116,823 | 23.00 | -0.50 | -2.13% |
| 2025-05-16 | 32,047,186 | 23.50 | +1.50 | +6.82% |
| 2025-05-15 | 10,453,547 | 22.00 | +0.55 | +2.56% |
| 2025-05-14 | 51,902,448 | 21.45 | +0.15 | +0.70% |
| 2025-05-13 | 36,792,494 | 21.30 | ||
| 2025-05-12 | 29,432,019 | 21.30 | ||
| 2025-05-09 | 45,165,697 | 21.30 | -0.50 | -2.29% |
| 2025-05-08 | 65,761,194 | 21.80 |
Valuation Metrics:
Access Holdings, the parent company of Access Bank, has a market capitalization of ₦1.2 trillion. In comparison to its peers, Access Bank’s valuation appears to be relatively low. Here’s a comparison of Access Bank’s valuation metrics with its peers:
Price-to-Earnings (P/E) Ratio:
- Access Holdings: 1.9x
- UBA: 1.5x
- GTCO: 1.9x
- First HoldCo: 1.7x
- Fidelity Bank: 3x
Price-to-Book (P/B) Ratio:
- Access Holdings: 0.3x (valued at a 70% discount to book value)
- GTCO: Not available, but considered better than peers due to high return on equity
- Zenith Bank: 0.68x (priced low)
Market Capitalization:
- Access Holdings: ₦1.2 trillion
- GTCO: ₦1.6 trillion
- Zenith Bank: ₦1.1 trillion
- UBA: ₦1.2 trillion
- First HoldCo: ₦1.0 trillion
Dividend Yield:
- Access Holdings: 11.36% (one of the highest in the industry)
Access Bank’s low valuation despite its strong growth and profitability raises questions about investor sentiment and market perception. Some possible reasons for this low valuation include ¹ ²:
- High debt levels: Access Bank has over ₦3.1 trillion in debt securities and interest-bearing debts, which may impact investor confidence.
- Lower dividend payouts: Access Bank’s average dividend payout ratio is around 23%, which is relatively low compared to its peers.
- Aggressive expansion strategy: Access Bank’s rapid growth through acquisitions may be perceived as risky by investors.
Overall, while Access Bank’s valuation metrics are lower compared to its peers, the bank’s strong growth prospects, high dividend yield, and expanding presence in Africa make it an attractive investment opportunity for some investors ².
Profile of Access HoldiAccess Holdings Plc was founded on December 8, 1989 and operates in the Financials sector, specifically, the Banking industry. Access Holdings contracts an estimated total number of 6,781 employees.
Access Holdings Plc, issuers of the ACCESSCORP stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| GTCO | Guaranty Trust Holding | 2.38T | 69.75 | +22.4% |
| FIDELITYBK | Fidelity Bank Plc | 936B | 18.65 | +6.57% |
| ZENITHBANK | Zenith Bank Plc | 1.97T | 47.95 | +5.38% |
| ETI | Ecobank Transnational Inc | 541B | 29.50 | +5.36% |
| UBA | United Bank for Africa | 1.16T | 33.90 | -0.29% |
| FIRSTHOLDCO | First HoldCo Plc | 1.03T | 24.50 | -12.7% |
| ABBEYBDS | Abbey Mortgage Bank Plc | 77.5B | 7.63 | +154% |
| MBENEFIT | Mutual Benefits Assurance | 20.1B | 1.00 | +63.9% |
| WEMABANK | Wema Bank | 287B | 13.40 | +47.3% |
| LINKASSURE | Linkage Assurance | 24.9B | 1.62 | +37.3% |
