Royal Exchange (ROYALEX.NL) Stock Price

Royal Exchange Price

CLOSED
0.99
+0.00 (+0.00 %)
Market closed

Revenue at Royal Exchange has contracted by 27.0% per year over the past 8 years to 738.52 M NGN. Royal Exchange's net margin stands at 136.2%, up from -4.1% several years earlier.

Royal Exchange stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Royal Exchange over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Royal Exchange stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Royal Exchange's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Royal Exchange Stock Price History
DateRoyal Exchange Price
9/24/20260.99 NGN
9/23/20260.99 NGN
9/22/20260.96 NGN
9/21/20261.00 NGN
9/17/20261.00 NGN
9/15/20261.00 NGN
9/14/20260.99 NGN
9/10/20260.99 NGN
9/9/20261.00 NGN
8/21/20260.97 NGN
8/20/20261.00 NGN
8/18/20261.16 NGN
8/4/20261.29 NGN
7/30/20261.34 NGN
6/19/20261.53 NGN
Access this data via the Eulerpool API

Royal Exchange Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2017
9.01 B NGN
-690.80 M NGN
-969.64 M NGN
Jan 1, 2018
9.92 B NGN
189.56 M NGN
-159.87 M NGN
Jan 1, 2019
10.06 B NGN
-419.94 M NGN
-1.36 B NGN
Jan 1, 2020
9.55 B NGN
-82.75 M NGN
-388.58 M NGN
Jan 1, 2021
93.65 M NGN
-6.27 M NGN
-1.70 B NGN
Jan 1, 2022
86.82 M NGN
-401.81 M NGN
-288.47 M NGN
Jan 1, 2023
107.18 M NGN
-833.41 M NGN
-206.22 M NGN
Jan 1, 2024
738.52 M NGN
193.48 M NGN
1.01 B NGN

Royal Exchange Income Statement, Balance Sheet, Cash Flow Statement

Last updated Sep 26, 2026, 11:03 PM
 
REVENUEB NGN
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM NGN
EBITM NGN
EBIT MARGIN%
NET INCOMEB NGN
NET INCOME GROWTH%
SHARESB
201620172018201920202021202220232024
9.189.019.9210.069.550.090.090.110.74
–-1.7910.121.34-5.07-99.03-7.5324.42589.72
3.813.883.533.483.67376.34406.98193.4647.43
350.00350.00350.00350.00350.00350.00350.00207.00350.00
-736.00-690.00189.00-419.00-82.00-6.00-401.00-833.00193.00
-8.02-7.661.90-4.17-0.86-6.45-466.28-778.5026.15
-0.98-0.97-0.16-1.36-0.39-1.70-0.29-0.211.01
–-1.12-83.59754.09-71.43337.11-83.02-28.47-587.86
5.155.105.155.155.155.155.155.154.13
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Royal Exchange generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Royal Exchange retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Royal Exchange's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Royal Exchange has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Royal Exchange's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Royal Exchange stock margins

The Royal Exchange margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Royal Exchange. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Royal Exchange.
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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2017
47.52 %
-7.67 %
-10.76 %
Jan 1, 2018
47.52 %
1.91 %
-1.61 %
Jan 1, 2019
47.52 %
-4.18 %
-13.51 %
Jan 1, 2020
47.52 %
-0.87 %
-4.07 %
Jan 1, 2021
47.52 %
-6.69 %
-1,811.89 %
Jan 1, 2022
47.52 %
-462.80 %
-332.26 %
Jan 1, 2023
193.80 %
-777.60 %
-192.41 %
Jan 1, 2024
47.52 %
26.20 %
136.21 %

Royal Exchange Stock Revenue, EBIT, Earnings per Share

The Royal Exchange earnings per share therefore indicates how much revenue Royal Exchange has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2017
1.77 NGN
-0.14 NGN
-0.19 NGN
Jan 1, 2018
1.93 NGN
0.04 NGN
-0.03 NGN
Jan 1, 2019
1.95 NGN
-0.08 NGN
-0.26 NGN
Jan 1, 2020
1.86 NGN
-0.02 NGN
-0.08 NGN
Jan 1, 2021
0.02 NGN
-0.00 NGN
-0.33 NGN
Jan 1, 2022
0.02 NGN
-0.08 NGN
-0.06 NGN
Jan 1, 2023
0.02 NGN
-0.16 NGN
-0.04 NGN
Jan 1, 2024
0.18 NGN
0.05 NGN
0.24 NGN

Royal Exchange business model & stock analysis

Royal Exchange Eulerpool Fair Value

Details

Fair Value Estimate

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What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Royal Exchange historical P/E ratio, EBIT multiple, and P/S ratio

Royal Exchange annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down Royal Exchange's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in Royal Exchange's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare Royal Exchange's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Royal Exchange shares outstanding

  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2017
5.10 B Stocks
Jan 1, 2018
5.15 B Stocks
Jan 1, 2019
5.15 B Stocks
Jan 1, 2020
5.15 B Stocks
Jan 1, 2021
5.15 B Stocks
Jan 1, 2022
5.15 B Stocks
Jan 1, 2023
5.15 B Stocks
Jan 1, 2024
4.13 B Stocks

Royal Exchange stock splits

Since 2005, a total of 1.78474762253109 shares have been converted from one Royal Exchange share.

DateRatioType
3/7/20232734 : 3253Stock Split
7/4/20052 : 3Stock Split

Royal Exchange Dividend History

3 years of dividend payments

YearAnnual DividendYoY ChangePayments
20150.02NGN↓ 60.0%1×
20140.04NGN↑ 25.0%1×
20120.03NGN—1×
Price targets and forecasts for Royal Exchange are not yet available.

Royal Exchange shareholder structure

% Name
48.70433%
Odogwu (Kenneth E)
Odogwu (Kenneth E)
22.07741%
Dantata Investment & Securities Ltd.
Dantata Investment & Securities Ltd.
6.45652%
S.I (Odogwu)
S.I (Odogwu)
6.31591%
Helen & Troy Holdings Ltd.
Helen & Troy Holdings Ltd.
4.44022%
Phoenix Financial Ltd
Phoenix Financial Ltd
3.85616%
Decanon Investment Ltd.
Decanon Investment Ltd.

Royal Exchange Executives and Management Board

14 members · 7 % women

Management

HB

Mr. Hewett Benson

Chief Executive Officer, Director

–
FO

Mr. Francis Okoli

Chief Financial Officer

–
BA

Mr. Ben Agili

Managing Director of Royal Exchange General Insurance Company Ltd

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JI

Mr. John Iwuajoku

Chief Operating Officer

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SE

Ms. Sheila Ezeuko

Company Secretary/Group Head (Legal Services) · since 2011

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DN

Mr. Donald Nosiri

Group Head (Human Resources)

–

Board of Directors

KO

Mr. Kenneth Odogwu

Non-Executive Chairman

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CI

Chf. Anthony Idigbe

Non-Executive Director

–
AO

Mr. Adeyinka Ojora

Non-Executive Director

–
AM

Alhaji Ahmed Rufa'i Mohammed

Non-Executive Director

–

Frequently asked questions about Royal Exchange

Converted at the current exchange rate, the Royal Exchange share trades at 0.00 EUR (0.99 NGN).

No history available for Royal Exchange.

The revenue cannot currently be calculated for Royal Exchange.

The profit cannot currently be calculated for Royal Exchange.

The P/E ratio cannot be calculated for Royal Exchange at the moment.

The P/S cannot be calculated for Royal Exchange currently.

The Eulerpool Quality Score for Royal Exchange is 3/10.

The ISIN of Royal Exchange is NGROYALEX007. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Royal Exchange is ROYALEX.NL. The ticker symbol is used to trade Royal Exchange shares on the stock exchange.

Royal Exchange paid dividends every year for the past 0 years.

Royal Exchange is assigned to the 'Finance' sector.

To receive the latest dividend of Royal Exchange from 8/3/2015 amounting to 0.02 NGN, you needed to have the stock in your portfolio before the ex-date on 7/13/2015.

The last dividend was paid out on 8/3/2015.

The dividends of Royal Exchange are distributed in NGN.

Fair ValueTerminal
0.84 NGN
Over-/UndervaluationTerminal
Fairly valued
Sector
Industry
Insurance
Number of shares
Employees
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Country
Nigeria
Currency
NGN
Initial public offering
Oct 1, 1989
ISIN
NGROYALEX007
Cusip
V7780W106
Market capitalization
4.09 B NGNMid Cap
52-Week Range
0.96–1.53NGN
Revenue growth (10Y) > 5%
Revenue growth (3Y) > 5 %
EBIT growth (10Y) > 5%
EBIT growth (3Y) > 5 %
Net debt < 4x EBIT
Profitable since 10Y+
EBIT Drawdown (10Y) < 50%
Return on Equity (ROE) > 15%
ROCE > 15%
Return Expectation > 10%
PEG
—
P/E ratio
P/Ee
—
P/S
P/Se
—
EV/EBIT
20.50
P/B Ratio
0.65
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
13.63 %
Gross Margin
47.52 %
EBIT Margin
26.20 %
Net Margin
136.21 %
EPS (Earnings Per Share)
0.24 NGN
Net Debt / EBIT
-0.65
Debt/Equity
0.18
Last updated Sep 26, 2026, 11:03 PM

Royal Exchange Peer Group

Royal Exchange FIGI

ROYALEX:NL · BBG000CLHDL9