Transnational (NSA:TRCNP) Intrinsic Value: DCF (Dividends Based): ₦216.82 (As of Aug. 06, 2026) — 30014% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSA:TRCNP Transnational Corp PLC NSA:TRCNP
85 GF Score
Price ₦39.00
GF Value ₦67.33
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Transnational Intrinsic Value: DCF (Dividends Based)?

Transnational NSA:TRCNP -2.50% 85 Intrinsic Value: DCF (Dividends Based) is ₦216.82 as of Aug. 06, 2026, which is 100% below its 10-year median of 0.72. GuruFocus rates NSA:TRCNP with a GF Score™ of 85/100 and a GF Value™ of ₦67.33 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 30 Utilities - Independent Power Producers companies, Transnational ranks better than 93.33% on this metric.

As of today (2026-08-06), Transnational's intrinsic value calculated from the Discounted Dividend model is ₦216.82.

Note: Discounted Dividend model is only suitable for companies who have a consistant distribution history. If the company's dividends does not remain steady over a long period, results may not be accurate due to the low consistency. The model is also only suitable for predictable companies (Business Predictability Rank higher than 1-Star) with dividend payments. If the company's Predictability Rank is 1-Star or Not Rated, or if the company does not pay dividend, the data will not be stored into our database.

Transnational's Predictability Rank is 2.5-Stars.

Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for Transnational is 82.01%.

The historical rank and industry rank for Transnational's Intrinsic Value: DCF (Dividends Based) or its related term are showing as below:

NSA:TRCNP' s Price-to-DCF (Dividends Based) Range Over the Past 10 Years
Min: 0.18   Med: 0.72   Max: 3.94
Current: 0.18

During the past 13 years, the highest Price-to-Intrinsic-Value-DCF (Dividends Based) Ratio of Transnational was 3.94. The lowest was 0.18. And the median was 0.72.

NSA:TRCNP's Price-to-DCF (Dividends Based) is ranked better than
93.33% of 30 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.15 vs NSA:TRCNP: 0.18

Transnational  (NSA:TRCNP) Intrinsic Value: DCF (Dividends Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Dividends model evaluates the companies based on their power of future dividend distribution instead of their assets.


Be Aware

What you need to know about Discounted Dividends model:

1. The Discounted Dividends model evaluates a company based on its future dividends distribution power
2. Dividend growth is taken into account; therefore a company with a higher dividend growth rate is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies with consistently steady dividends distributed.
4. The Discounted Dividends model works poorly for inconsistent dividends distributor like high growth companies.
5. Your expected return from the investment is a reasonable discount rate assumption.
6. A larger margin of safety should be required for companies with less dividends distributed.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) and Intrinsic Value: DCF (Dividends Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


Transnational Intrinsic Value: DCF (Dividends Based) Related Terms


Transnational Intrinsic Value: DCF (Dividends Based) Historical Data

* Premium members only.

The historical data trend for Transnational's Intrinsic Value: DCF (Dividends Based) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Transnational Intrinsic Value: DCF (Dividends Based) Chart

Transnational Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: DCF (Dividends Based)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 8.94 27.31 133.85 253.80

Transnational Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: DCF (Dividends Based) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 184.19 199.86 253.80 259.31 216.82

NSA:TRCNP vs CEG, VST, NRG: Intrinsic Value: DCF (Dividends Based) Comparison

For the Utilities - Independent Power Producers subindustry, Transnational's Price-to-DCF (Dividends Based), along with its competitors' market caps and Price-to-DCF (Dividends Based) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Transnational Price-to-DCF (Dividends Based) vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Transnational's Price-to-DCF (Dividends Based) distribution charts can be found below:

* The bar in red indicates where Transnational's Price-to-DCF (Dividends Based) falls into.


NSA:TRCNP
85GF Score
Transnational Corp PLC NSA:TRCNP
Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Transnational Intrinsic Value: DCF (Dividends Based) Calculation

This is the intrinsic value calculated from the Discounted Dividend Model with default parameters. The calculation method is the same as Discounted Cash Flow model except adjusted dividend are used in the calculation instead of free cash flow. This is the default method of calculation with GuruFocus DCF calculator.

Usually a two-stage model is used in calculating the intrinsic value with discounted cash flow model. The first stage is called growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DDM calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 11%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 4.67%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Dividend Growth Rate in the growth stage: g1 = 20%
The Growth Rate in the growth stage is initially set as the default 10-Year Dividend Growth Rate. In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year Dividend Growth Rate. If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year Dividend Growth Rate.
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=> Transnational's average Dividend Growth Rate in the past 5 years was 110.20%, which is no less than 20%. GuruFocus defaults => Growth Rate: 20%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Dividends per Share: adjusted dividends per share = ₦6.9381.
GuruFocus uses adjusted dividends per share by default to ensure that the valuation reflects the total value of the company, as the actual dividend is only a portion of the total value.

All of the default settings can be changed in the DCF calculator and the results are calculated automatically.

Transnational's Intrinsic Value: DCF (Dividends Based) for today is calculated as:

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+0.2)/(1+0.11) = 1.0810810810811
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.11) = 0.93693693693694

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Dividends per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=6.9381*31.2501
=216.82

Margin of Safety % (DCF Dividends Based) = (Intrinsic Value: DCF (Dividends Based)-Current Price) /Intrinsic Value: DCF (Dividends Based)
= (216.82 - 39.00) / 216.82
= 82.01 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: DCF (Dividends Based) of ₦216.82 mean?
Transnational (NSA:TRCNP) has a Intrinsic Value: DCF (Dividends Based) of ₦216.82 as of Aug. 06, 2026. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Transnational and its competitors. This is 30014% above median its historical median of 0.72. Over the past decade, Transnational's Intrinsic Value: DCF (Dividends Based) has ranged from 0.18 to 3.94. According to the industry distribution chart, Transnational ranks #2 out of 30 companies in the Utilities - Independent Power Producers industry, placing it in the top 6.7%.
Is Transnational's Intrinsic Value: DCF (Dividends Based) too high?
Transnational's current Intrinsic Value: DCF (Dividends Based) of ₦216.82 is 30014% above median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 3.94. Based on the distribution chart, Transnational ranks #2 out of 30 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Transnational has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Transnational's Intrinsic Value: DCF (Dividends Based) compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Transnational ranks #2 out of 30 companies for Intrinsic Value: DCF (Dividends Based). This places Transnational in the top 7% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: DCF (Dividends Based) is 1.15. Historically, Transnational's own Intrinsic Value: DCF (Dividends Based) has ranged from 0.18 to 3.94 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: DCF (Dividends Based) for an Utilities - Independent Power Producers company?
The median Intrinsic Value: DCF (Dividends Based) among Utilities - Independent Power Producers companies is 1.15, based on 30 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (Dividends Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (Dividends Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: DCF (Dividends Based) mean?
A high Intrinsic Value: DCF (Dividends Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Transnational and its competitors. For the Utilities - Independent Power Producers industry, the median Intrinsic Value: DCF (Dividends Based) is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transnational's current Intrinsic Value: DCF (Dividends Based) is ₦216.82, which is 30014% above median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transnational stock overvalued right now?
Based on GuruFocus' analysis, Transnational (NSA:TRCNP) is currently considered Possible Value Trap. The stock's GF Value™ is ₦67.33, compared to a current price of ₦39.00 — trading 42.1% below its estimated fair value. The current Intrinsic Value: DCF (Dividends Based) is ₦216.82, which is 30014% above median its 10-year median of 0.72. Transnational's overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (Dividends Based) calculated?
Intrinsic Value: DCF (Dividends Based) is calculated from a company's financial statements. For Transnational (NSA:TRCNP), the current Intrinsic Value: DCF (Dividends Based) is ₦216.82 as of Aug. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Transnational (NSA:TRCNP) Overvalued in 2026?

Based on GuruFocus' analysis, Transnational stock appears to be undervalued. The current stock price of ₦39.00 is trading 42.1% below its estimated GF Value™ of ₦67.33. GuruFocus considers Transnational to be Possible Value Trap.

Key valuation signals for NSA:TRCNP:

  • Intrinsic Value: DCF (Dividends Based): ₦216.82 (30014% above median its 10-year median of 0.72)
  • GF Value™: ₦67.33 vs. price of ₦39.00 (42.1% below fair value)
  • GF Score™: 85/100 with 3 warning signs

No single metric tells the full story. See the NSA:TRCNP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Transnational Business Description

Address 38b Glover Road, Transnational House, Ikoyi, Lagos, NGA
Transnational Corp PLC is a diversified conglomerate. Its business segments are Power, Oil and Gas, Hospitality, Corporate Centre, and Agro-allied. The group generates the majority of the revenue from the Power segment. In the Power segment, the company through its subsidiary, is engaged in the generation of electric power. The group provides hospitality services to the customers in the Hospitality segment. Oil and Gas segment includes exploration, refining, and marketing of petroleum products, and in the Agro-Allied segment, the group processes fruit concentrates from fruits. The Corporate Centre segment is the parent Company, Transnational Corporation of Nigeria Plc, and the other non-operational subsidiaries.
85GF Score

Get the complete analysis for NSA:TRCNP

Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦39.00
Price
₦67.33
GF Value