Community

Key Highlights: EGM Set for July 25 : Seeking approval for public/private equity issuance and conversion of related-party loans to ordinary shares. Debt-to-Equity Strategy : Board proposes converting director/shareholder and CBN program loans to equity—aimed at deleveraging and strengthening the balance sheet.

Core of the earning of company comes from its thermal power plant in Zambia. It operates the only thermal plant in Zambia which account for around 9 percent of Zambia energy.

DCF based on current analyst estimates of FCF Using my standard discount rate of 15% Terminal Price to FCF value of 25

DCF based on current analyst estimates of FCF Using my standard discount rate of 15% Terminal Price to FCF value of 30

Summary: BUA Cement delivered a stellar financial performance in H1 2025, with revenue rising 59.4% YoY to ₦580.3 billion and PAT surging over 428% YoY to ₦180.9 billion. This growth reflects pricing power, improved volume uptake, and operational efficiency.

DCF based on current analyst estimates of FCF Using my standard discount rate of 15% Terminal Price to FCF value of 20

DCF based on current analyst estimates of FCF Using my standard discount rate of 15% Terminal Price to FCF value of 20

DCF based on current analyst estimates of FCF Using my standard discount rate of 15% Terminal Price to FCF value of 25

DCF based on current analyst estimates of FCF, but defensively extrapolated to +5 years instead of +3 years Using my standard discount rate of 15% Terminal PE of 20