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QMART — Quick Mart PLC

√(22.5 × EPS × BVPS) — a P/E ceiling of 15 times a P/B ceiling of 1.5. A computation, not a recommendation; the primer works it through.

Tests: Graham's criteria for industrial companies. Per-share figures are on the 4,000,000,000 shares that exist after the August 2026 capital reorganisation, the issuer's own pro forma basis, and the FY2025 price is the offer price of the October 2026 offer for sale, not a market price, the shares being unlisted.

year to 31 Dec 2025

Showing FY2025

√(22.5 × 0.38 × 0.26) = 1.50

The Graham number for FY2025, from that year's EPS and BVPS. Tap a figure below for its source and date.

Discount to Graham number: −399.2% at the results-day price of 7.50. Positive means the price was below the Graham number; negative means above.

The figures

Per share (KES)

Earnings (EPS)
0.38

basic, attributable · Information Memorandum, 2 Oct 2026, p.117, audited 31 Dec 2025 column of the selected statement of profit or loss, pro forma earnings per ordinary share as printed on 4,000,000,000 shares post the August 2026 capital reorganisation (p.143) · 2 Oct 2026

Book value (BVPS)
0.26

attributable · computed: total equity KES '000 1,055,861 ÷ 4,000,000,000 shares post capital reorganisation, Audited financial statements for the year ended 31 December 2025, p.8 (statement of financial position) (also Information Memorandum p.119) · 31 Mar 2026

Dividend (DPS)
0.41

computed: dividends paid in the year KES '000 1,647,055 ÷ 4,000,000,000 shares post capital reorganisation, Information Memorandum, 2 Oct 2026, p.39, audited-accounts 31 Dec 2025 column of the dividend table (p.39 prints 0.41 for FY2025 after the share split; the table's source line on p.134 is the audited accounts); dividends paid in the year, not declared for it · 2 Oct 2026

Price on results day
7.50

offer price, not a market price · Offer Price of the offer for sale opening 5 Oct 2026, Information Memorandum, 2 Oct 2026, p.30; set by the issuer and selling shareholder, not a market price; the shares are not yet listed · 5 Oct 2026

Size and balance sheet (KES m)

Revenue
50,427.6

Audited financial statements for the year ended 31 December 2025, p.7, revenue KES '000 50,427,637 (also Information Memorandum p.117) · 31 Mar 2026

Current assets
8,422.1

Audited financial statements for the year ended 31 December 2025, p.8 (statement of financial position): total current assets KES '000 8,422,082 (also Information Memorandum p.119) · 31 Mar 2026

Current liabilities
12,112.9

Audited financial statements for the year ended 31 December 2025, p.8 (statement of financial position): total current liabilities KES '000 12,112,862 (lease liability 811,103; trade and other payables 11,218,156; income tax 83,603); the Information Memorandum's selected table (p.119) prints 12,159,148, having moved the 46,286 of borrowings into current liabilities · 31 Mar 2026

Long-term debt
6,556.3

Audited financial statements for the year ended 31 December 2025, p.8 (statement of financial position): all non-current liabilities KES '000 6,556,342 (lease liabilities 6,510,056; borrowings 46,286); the Information Memorandum's selected table (p.119) prints 6,510,056, the lease liabilities alone · 31 Mar 2026

KES per US$
129.01

CBK Kenya Shilling End Period Exchange Rates (monthly CSV), row 2025-12, US dollar; RAW-1193 · 31 Dec 2025

Computed

EPS, three-year average
0.26

attributable · computed: mean EPS FY2023, FY2024 and FY2025 · 2 Oct 2026

P/E on three-year EPS
29.22

computed: price ÷ EPS 3-yr average · 2 Oct 2026

P/B
28.41

computed: price ÷ BVPS · 31 Mar 2026

Dividend yield
5.5%

computed: DPS ÷ price · 2 Oct 2026

Current ratio
0.70

computed: current assets ÷ current liabilities · 31 Mar 2026

Price ÷ Graham number
4.99×

computed: price ÷ Graham number · 31 Mar 2026

Discount to Graham number
−399.2%

computed: (Graham number − price) ÷ Graham number · 31 Mar 2026

Graham's tests

  1. Adequate size

    Revenue of at least US$100m

    Met
  2. Financial strength

    Current ratio of at least 2; long-term debt no more than working capital

    Not met
  3. Earnings stability

    Positive EPS in each of the past 10 years

    No result: data not compiled
  4. Dividend record

    A dividend paid in each of the past 20 years

    Not met
  5. Earnings growth

    EPS up at least one-third over 10 years, on three-year averages

    No result: data not compiled
  6. Moderate P/E

    Price no more than 15 × three-year average EPS

    Not met
  7. Moderate P/B

    Price no more than 1.5 × BVPS, or P/E × P/B no more than 22.5

    Not met

Sources

  • Earnings (EPS): basic, attributable · Information Memorandum, 2 Oct 2026, p.117, audited 31 Dec 2025 column of the selected statement of profit or loss, pro forma earnings per ordinary share as printed on 4,000,000,000 shares post the August 2026 capital reorganisation (p.143) · 2 Oct 2026
  • Book value (BVPS): attributable · computed: total equity KES '000 1,055,861 ÷ 4,000,000,000 shares post capital reorganisation, Audited financial statements for the year ended 31 December 2025, p.8 (statement of financial position) (also Information Memorandum p.119) · 31 Mar 2026
  • Dividend (DPS): computed: dividends paid in the year KES '000 1,647,055 ÷ 4,000,000,000 shares post capital reorganisation, Information Memorandum, 2 Oct 2026, p.39, audited-accounts 31 Dec 2025 column of the dividend table (p.39 prints 0.41 for FY2025 after the share split; the table's source line on p.134 is the audited accounts); dividends paid in the year, not declared for it · 2 Oct 2026
  • Price on results day: offer price, not a market price · Offer Price of the offer for sale opening 5 Oct 2026, Information Memorandum, 2 Oct 2026, p.30; set by the issuer and selling shareholder, not a market price; the shares are not yet listed · 5 Oct 2026
  • Revenue: Audited financial statements for the year ended 31 December 2025, p.7, revenue KES '000 50,427,637 (also Information Memorandum p.117) · 31 Mar 2026
  • Current assets: Audited financial statements for the year ended 31 December 2025, p.8 (statement of financial position): total current assets KES '000 8,422,082 (also Information Memorandum p.119) · 31 Mar 2026
  • Current liabilities: Audited financial statements for the year ended 31 December 2025, p.8 (statement of financial position): total current liabilities KES '000 12,112,862 (lease liability 811,103; trade and other payables 11,218,156; income tax 83,603); the Information Memorandum's selected table (p.119) prints 12,159,148, having moved the 46,286 of borrowings into current liabilities · 31 Mar 2026
  • Long-term debt: Audited financial statements for the year ended 31 December 2025, p.8 (statement of financial position): all non-current liabilities KES '000 6,556,342 (lease liabilities 6,510,056; borrowings 46,286); the Information Memorandum's selected table (p.119) prints 6,510,056, the lease liabilities alone · 31 Mar 2026
  • KES per US$: CBK Kenya Shilling End Period Exchange Rates (monthly CSV), row 2025-12, US dollar; RAW-1193 · 31 Dec 2025

Disclaimer: This profile is published for educational purposes only and does not constitute financial advice. It presents reported company data and arithmetic derived from it — not a recommendation to buy, hold or sell. Investing in securities involves risk, including the possible loss of principal. Readers should conduct their own research and consult with a qualified financial advisor before making investment decisions.

Profile compiled 2026-10-05 from Quick Mart PLC Information Memorandum, 2 Oct 2026 (catalogue RAW-1237); revenue first drafted from the Intention to Float, 23 Sep 2026 (RAW-1185).