End-of-day quote
Nigerian S.E.
23:00:00 02/05/2024 BST
|
5-day change
|
1st Jan Change
|
25.6
NGN
|
0.00%
|
|
-4.48%
|
-28.89%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
471,817
|
447,827
|
403,792
|
421,321
|
369,941
|
263,069
|
-
|
-
|
Enterprise Value (EV)
1 |
521,176
|
508,904
|
418,435
|
839,116
|
369,941
|
666,478
|
539,640
|
645,576
|
P/E ratio
|
29.4
x
|
60.9
x
|
31.8
x
|
25.9
x
|
-2.81
x
|
-2.72
x
|
-35.2
x
|
-63.5
x
|
Yield
|
3.41%
|
1.68%
|
3.22%
|
3.49%
|
-
|
6.71%
|
6.88%
|
14.6%
|
Capitalization / Revenue
|
1.46
x
|
1.33
x
|
0.92
x
|
0.77
x
|
0.62
x
|
0.39
x
|
0.35
x
|
0.31
x
|
EV / Revenue
|
1.61
x
|
1.51
x
|
0.96
x
|
1.52
x
|
0.62
x
|
0.98
x
|
0.72
x
|
0.77
x
|
EV / EBITDA
|
7.67
x
|
7.5
x
|
5.05
x
|
9.19
x
|
4.02
x
|
5.91
x
|
4.54
x
|
4.63
x
|
EV / FCF
|
61.6
x
|
11
x
|
13
x
|
-11.1
x
|
-
|
-6.59
x
|
27
x
|
29.4
x
|
FCF Yield
|
1.62%
|
9.05%
|
7.69%
|
-8.98%
|
-
|
-15.2%
|
3.7%
|
3.4%
|
Price to Book
|
2.81
x
|
2.78
x
|
2.35
x
|
2.34
x
|
-
|
-3.39
x
|
51.2
x
|
-3.16
x
|
Nbr of stocks (in thousands)
|
9,996,128
|
9,996,128
|
10,094,790
|
10,276,132
|
10,276,132
|
10,276,132
|
-
|
-
|
Reference price
2 |
47.20
|
44.80
|
40.00
|
41.00
|
36.00
|
25.60
|
25.60
|
25.60
|
Announcement Date
|
13/02/20
|
17/02/21
|
19/02/22
|
24/02/23
|
14/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
323,007
|
337,046
|
437,285
|
550,638
|
599,643
|
679,020
|
751,075
|
836,767
|
EBITDA
1 |
67,936
|
67,874
|
82,794
|
91,357
|
91,995
|
112,711
|
118,815
|
139,519
|
EBIT
1 |
35,206
|
29,605
|
41,494
|
51,756
|
43,963
|
53,838
|
63,644
|
76,451
|
Operating Margin
|
10.9%
|
8.78%
|
9.49%
|
9.4%
|
7.33%
|
7.93%
|
8.47%
|
9.14%
|
Earnings before Tax (EBT)
1 |
23,352
|
11,577
|
23,701
|
17,341
|
-145,224
|
-115,078
|
-7,015
|
-4,845
|
Net income
1 |
16,101
|
7,363
|
12,666
|
13,182
|
-106,308
|
-79,803
|
-5,380
|
-4,020
|
Net margin
|
4.98%
|
2.18%
|
2.9%
|
2.39%
|
-17.73%
|
-11.75%
|
-0.72%
|
-0.48%
|
EPS
2 |
1.608
|
0.7360
|
1.256
|
1.580
|
-12.80
|
-9.397
|
-0.7275
|
-0.4033
|
Free Cash Flow
1 |
8,459
|
46,059
|
32,162
|
-75,333
|
-
|
-101,197
|
19,970
|
21,954
|
FCF margin
|
2.62%
|
13.67%
|
7.35%
|
-13.68%
|
-
|
-14.9%
|
2.66%
|
2.62%
|
FCF Conversion (EBITDA)
|
12.45%
|
67.86%
|
38.85%
|
-
|
-
|
-
|
16.81%
|
15.74%
|
FCF Conversion (Net income)
|
52.54%
|
625.55%
|
253.93%
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
1.608
|
0.7520
|
1.288
|
1.430
|
-
|
1.718
|
1.760
|
3.740
|
Announcement Date
|
13/02/20
|
17/02/21
|
19/02/22
|
24/02/23
|
14/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
49,358
|
61,077
|
14,643
|
417,794
|
-
|
403,409
|
276,572
|
382,507
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.7265
x
|
0.8999
x
|
0.1769
x
|
4.573
x
|
-
|
3.579
x
|
2.328
x
|
2.742
x
|
Free Cash Flow
1 |
8,459
|
46,059
|
32,162
|
-75,333
|
-
|
-101,197
|
19,970
|
21,954
|
ROE (net income / shareholders' equity)
|
9.63%
|
4.48%
|
7.61%
|
7.5%
|
-
|
4.4%
|
18%
|
-
|
ROA (Net income/ Total Assets)
|
4.18%
|
1.78%
|
2.72%
|
2.39%
|
-
|
-
|
-
|
1.2%
|
Assets
1 |
385,526
|
414,317
|
465,685
|
552,704
|
-
|
-
|
-
|
-335,000
|
Book Value Per Share
2 |
16.80
|
16.10
|
17.00
|
17.50
|
-
|
-7.550
|
0.5000
|
-8.110
|
Cash Flow per Share
|
3.890
|
8.330
|
9.110
|
2.710
|
-
|
-
|
-
|
-
|
Capex
1 |
29,916
|
37,215
|
59,407
|
97,861
|
-
|
76,281
|
91,566
|
91,830
|
Capex / Sales
|
9.26%
|
11.04%
|
13.59%
|
17.77%
|
-
|
11.23%
|
12.19%
|
10.97%
|
Announcement Date
|
13/02/20
|
17/02/21
|
19/02/22
|
24/02/23
|
14/02/24
|
-
|
-
|
-
|
Last Close Price
25.6
NGN Average target price
37.1
NGN Spread / Average Target +44.93% Consensus |
1st Jan change
|
Capi.
|
---|
| -28.89% | 191M | | -1.70% | 55.05B | | +5.93% | 46.85B | | -9.91% | 38.43B | | -2.81% | 22.69B | | +9.59% | 19.09B | | -22.44% | 19.14B | | +3.25% | 17.99B | | +8.63% | 15.43B | | +11.16% | 12.92B |
Other Brewers
|