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Nigerian (NSE) Beverage Industry Analysis
UpdatedDec 03, 2025
DataAggregated Company Financials
Companies6
- 7D-2.4%
- 3M3.5%
- 1Y161.8%
- YTD113.7%
Over the last 7 days, the Beverage industry has dropped 7.0%, driven by International Breweries declining 5.4%. In contrast, Guinness Nigeria has gained 7.8%. Over the past 12 months, the industry was up 148%. Earnings are forecast to grow by 33% annually.
Industry Valuation and Performance
Has the Nigerian Beverage Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 03 Dec 2025 | ₦4.3t | ₦2.6t | ₦195.3b | 28.3x | 22.1x | 1.6x |
| Fri, 31 Oct 2025 | ₦4.8t | ₦2.6t | ₦196.0b | 30.8x | 24.7x | 1.9x |
| Sun, 28 Sep 2025 | ₦5.2t | ₦2.1t | ₦73.4b | 62.6x | 70.6x | 2.5x |
| Tue, 26 Aug 2025 | ₦4.9t | ₦2.1t | ₦73.4b | 56.9x | 66.8x | 2.4x |
| Thu, 24 Jul 2025 | ₦4.9t | ₦2.3t | -₦55,864,246,819.00 | 27.9x | -87.3x | 2.1x |
| Sat, 21 Jun 2025 | ₦3.9t | ₦2.3t | -₦55,864,246,819.00 | 21.2x | -70.2x | 1.7x |
| Mon, 19 May 2025 | ₦3.5t | ₦2.3t | -₦55,864,246,819.00 | 18.1x | -63.2x | 1.5x |
| Wed, 16 Apr 2025 | ₦2.0t | ₦1.6t | -₦257,692,552,819.00 | 41.1x | -7.6x | 1.2x |
| Fri, 14 Mar 2025 | ₦2.0t | ₦1.5t | -₦298,365,237,819.00 | 42.2x | -6.7x | 1.3x |
| Sun, 09 Feb 2025 | ₦950.2b | ₦437.9b | -₦153,937,998,819.00 | 70.5x | -6.2x | 2.2x |
| Tue, 07 Jan 2025 | ₦989.0b | ₦437.9b | -₦153,937,998,819.00 | 76.2x | -6.4x | 2.3x |
| Thu, 05 Dec 2024 | ₦713.4b | ₦437.9b | -₦153,937,998,819.00 | 75.2x | -4.6x | 1.6x |
| Sat, 02 Nov 2024 | ₦67.4t | ₦437.8b | -₦153,943,752,686.00 | 65.9x | -437.5x | 153.8x |
| Mon, 30 Sep 2024 | ₦67.5t | ₦387.0b | -₦142,828,262,686.00 | n/a | -472.7x | 174.4x |
| Wed, 28 Aug 2024 | ₦75.8t | ₦387.0b | -₦142,828,262,686.00 | n/a | -530.5x | 195.8x |
| Fri, 26 Jul 2024 | ₦33.1b | ₦15.5b | -₦45,171,000.00 | n/a | -732.5x | 2.1x |
| Sun, 23 Jun 2024 | ₦38.5b | ₦13.9b | -₦498,308,000.00 | n/a | -77.4x | 2.8x |
| Tue, 21 May 2024 | ₦137.3b | ₦278.2b | -₦59,965,683,000.00 | n/a | -2.3x | 0.5x |
| Thu, 18 Apr 2024 | ₦548.5b | ₦1.1t | -₦192,972,259,000.00 | 71x | -2.8x | 0.5x |
| Sat, 16 Mar 2024 | ₦557.9b | ₦1.1t | -₦193,804,203,883.00 | 118.4x | -2.9x | 0.5x |
| Mon, 12 Feb 2024 | ₦691.6b | ₦1.1t | -₦146,259,796,883.00 | 113.4x | -4.7x | 0.6x |
| Wed, 10 Jan 2024 | ₦677.9b | ₦1.0t | -₦125,056,925,883.00 | 119.7x | -5.4x | 0.6x |
| Fri, 08 Dec 2023 | ₦680.2b | ₦1.0t | -₦125,056,925,883.00 | 103.9x | -5.4x | 0.6x |
| Sun, 05 Nov 2023 | ₦679.9b | ₦1.0t | -₦125,056,926,883.00 | 116.5x | -5.4x | 0.6x |
| Tue, 03 Oct 2023 | ₦716.0b | ₦1.0t | -₦117,189,805,883.00 | 54.4x | -6.1x | 0.7x |
| Thu, 31 Aug 2023 | ₦686.4b | ₦1.0t | -₦117,189,805,883.00 | 50.8x | -5.9x | 0.7x |
| Sat, 29 Jul 2023 | ₦665.4b | ₦993.4b | -₦53,882,720,883.00 | 28.5x | -12.3x | 0.7x |
| Mon, 26 Jun 2023 | ₦798.0b | ₦984.4b | -₦28,825,185,883.00 | 25.1x | -27.7x | 0.8x |
| Wed, 24 May 2023 | ₦708.8b | ₦984.4b | -₦28,825,185,883.00 | 22x | -24.6x | 0.7x |
| Fri, 21 Apr 2023 | ₦687.0b | ₦998.3b | ₦3.1b | 21.9x | 218.4x | 0.7x |
| Sun, 19 Mar 2023 | ₦725.2b | ₦994.7b | ₦18.3b | 22.9x | 39.6x | 0.7x |
| Tue, 14 Feb 2023 | ₦714.2b | ₦965.5b | ₦24.4b | 21.7x | 29.3x | 0.7x |
| Thu, 12 Jan 2023 | ₦804.7b | ₦961.6b | ₦27.9b | 23.1x | 28.9x | 0.8x |
| Sat, 10 Dec 2022 | ₦694.9b | ₦961.6b | ₦27.9b | 18.3x | 24.9x | 0.7x |
Price to Earnings Ratio
24.9x
Current Industry PE
- Investors are pessimistic on the Nigerian Beverage industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 22.1x which is higher than its 3-year average PE of -53.4x.
- The 3-year average PS ratio of 14.4x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Beverage industry have grown 91% per year over the last three years.
- Revenues for these companies have grown 40% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Nigerian Consumer Staples industry?
| NG Market | 0.85% | |
| Consumer Staples | -0.55% | |
| Beverage | -2.42% | |
| Soft Drinks | 0% | 0 |
| Brewers | -2.42% | |
Industry PE
- Investors are most optimistic about the Brewers industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 32.9%, which is lower than the prior year's growth of 504.8% per year.
- Investors are most pessimistic about the Brewers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Brewers industry, expecting annual earnings growth of 33% over the next 5 years.
- In contrast, the Brewers industry is expected to see its earnings grow by 33% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GUINNESS Guinness Nigeria | ₦180.00 | 7.8% +₦28.5b | 190.3% | PE8.7x | |
| CHAMPION Champion Breweries | ₦14.50 | 9.8% +₦11.6b | 262.5% | PE45.7x |