Nigerian Food, Beverage & Tobacco Potentially Undervalued Companies

Nascon Allied Industries

Market Cap: ₦280.0b

Manufactures and sells refined, edible, and grade salt in Nigeria.

Guinness Nigeria

Market Cap: ₦365.8b

Engages in brewing, packaging, marketing, and selling whisky, vodka, liqueur, gin, spirits, beers, non-alcoholic drinks, and ready-to-drink products primarily in Nigeria.

Honeywell Flour Mills

Market Cap: ₦144.7b

Manufactures and markets wheat-based products in Nigeria.

Presco

Market Cap: ₦1.5t

Engages in the oil palm plantations development, palm oil milling, palm kernel processing, and vegetable oil refining businesses in Nigeria and Ghana.

FTN Cocoa Processors

Market Cap: ₦19.1b

Engages in the processing and sale of cocoa beans and palm kernel seeds in Nigeria.

Cadbury Nigeria

Market Cap: ₦132.0b

Engages in manufacturing and selling branded fast moving consumer goods in Nigeria.

McNichols

Market Cap: ₦3.0b

Manufactures, packages, markets, and distributes food and beverage products in Nigeria.