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Nigerian (NSE) Beverage Industry Analysis
UpdatedDec 31, 2025
DataAggregated Company Financials
Companies6
- 7D4.9%
- 3M12.4%
- 1Y168.4%
- YTD169.5%
In the last week, the Beverage industry is up 12%, with International Breweries up 26%. Meanwhile, Champion Breweries actually underperformed within the industry, shrinking 12% in the last week. This takes the industry's 12 month performance to a gain of 181%. As for the next few years, earnings are expected to grow by 32% per annum.
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, 31 Dec 2025 | ₦5.7t | ₦2.6t | ₦195.3b | 34.5x | 29.2x | 2.2x |
| Fri, 28 Nov 2025 | ₦4.4t | ₦2.6t | ₦195.3b | 27.7x | 22.5x | 1.7x |
| Sun, 26 Oct 2025 | ₦5.3t | ₦2.6t | ₦173.4b | 34.1x | 30.6x | 2x |
| Tue, 23 Sep 2025 | ₦4.9t | ₦2.1t | ₦73.4b | 60.5x | 66.4x | 2.4x |
| Thu, 21 Aug 2025 | ₦4.7t | ₦2.1t | ₦73.4b | 55.8x | 64.2x | 2.3x |
| Sat, 19 Jul 2025 | ₦5.0t | ₦2.3t | -₦55,864,246,819.00 | 28.7x | -88.7x | 2.2x |
| Mon, 16 Jun 2025 | ₦3.9t | ₦2.3t | -₦55,864,246,819.00 | 20.3x | -69.3x | 1.7x |
| Wed, 14 May 2025 | ₦3.4t | ₦2.3t | -₦55,864,246,819.00 | 15.9x | -60.6x | 1.5x |
| Fri, 11 Apr 2025 | ₦1.9t | ₦1.6t | -₦257,692,552,819.00 | 42.2x | -7.4x | 1.2x |
| Sun, 09 Mar 2025 | ₦1.9t | ₦1.5t | -₦298,712,483,819.00 | 76x | -6.4x | 1.3x |
| Tue, 04 Feb 2025 | ₦970.0b | ₦437.9b | -₦153,937,998,819.00 | 70.5x | -6.3x | 2.2x |
| Thu, 02 Jan 2025 | ₦977.2b | ₦437.9b | -₦153,937,998,819.00 | 72.6x | -6.3x | 2.2x |
| Sat, 30 Nov 2024 | ₦710.5b | ₦437.9b | -₦153,937,998,819.00 | 70.7x | -4.6x | 1.6x |
| Mon, 28 Oct 2024 | ₦68.4t | ₦388.9b | -₦142,313,342,686.00 | 66.1x | -480.4x | 175.8x |
| Wed, 25 Sep 2024 | ₦72.6t | ₦387.0b | -₦142,828,262,686.00 | n/a | -508.1x | 187.5x |
| Fri, 23 Aug 2024 | ₦75.8t | ₦387.0b | -₦142,828,262,686.00 | n/a | -530.4x | 195.7x |
| Sun, 21 Jul 2024 | ₦34.2b | ₦15.5b | -₦45,171,000.00 | n/a | -758.2x | 2.2x |
| Tue, 18 Jun 2024 | ₦30.0b | ₦13.9b | -₦498,308,000.00 | n/a | -60.1x | 2.1x |
| Thu, 16 May 2024 | ₦140.5b | ₦278.2b | -₦59,965,683,000.00 | n/a | -2.3x | 0.5x |
| Sat, 13 Apr 2024 | ₦548.0b | ₦1.1t | -₦192,972,259,000.00 | 71x | -2.8x | 0.5x |
| Mon, 11 Mar 2024 | ₦538.9b | ₦1.1t | -₦193,804,203,883.00 | 118.4x | -2.8x | 0.5x |
| Wed, 07 Feb 2024 | ₦699.4b | ₦1.1t | -₦146,259,796,883.00 | 119.3x | -4.8x | 0.6x |
| Fri, 05 Jan 2024 | ₦681.3b | ₦1.0t | -₦125,056,925,883.00 | 126x | -5.4x | 0.6x |
| Sun, 03 Dec 2023 | ₦676.5b | ₦1.0t | -₦125,056,925,883.00 | 110.2x | -5.4x | 0.6x |
| Tue, 31 Oct 2023 | ₦677.3b | ₦1.0t | -₦122,952,069,883.00 | 53x | -5.5x | 0.7x |
| Thu, 28 Sep 2023 | ₦714.8b | ₦1.0t | -₦117,189,805,883.00 | 52.3x | -6.1x | 0.7x |
| Sat, 26 Aug 2023 | ₦673.2b | ₦1.0t | -₦117,189,805,883.00 | 45.3x | -5.7x | 0.7x |
| Mon, 24 Jul 2023 | ₦771.8b | ₦983.8b | -₦29,475,961,883.00 | 28.6x | -26.2x | 0.8x |
| Wed, 21 Jun 2023 | ₦791.6b | ₦984.4b | -₦28,825,185,883.00 | 23.4x | -27.5x | 0.8x |
| Fri, 19 May 2023 | ₦707.9b | ₦984.4b | -₦28,825,185,883.00 | 22x | -24.6x | 0.7x |
| Sun, 16 Apr 2023 | ₦687.6b | ₦999.0b | ₦3.2b | 24x | 217x | 0.7x |
| Tue, 14 Mar 2023 | ₦740.6b | ₦994.7b | ₦18.3b | 22.9x | 40.4x | 0.7x |
| Thu, 09 Feb 2023 | ₦730.7b | ₦965.5b | ₦24.4b | 22.4x | 30x | 0.8x |
| Sat, 07 Jan 2023 | ₦799.3b | ₦961.6b | ₦27.9b | 22.6x | 28.7x | 0.8x |
Price to Earnings Ratio
28.7x
Current Industry PE
- Investors are optimistic on the Nigerian Beverage industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 30.7x which is higher than its 3-year average PE of -53.3x.
- The 3-year average PS ratio of 14.5x is higher than the industry's current PS ratio of 2.3x.
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 | 1.26% | |
| Consumer Staples | 4.45% | |
| Beverage | 4.91% | |
| Brewers | 4.91% | |
| Soft Drinks | 0% | 0 |
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 31.7%, 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 32% over the next 5 years.
- In contrast, the Brewers industry is expected to see its earnings grow by 32% 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 | |
|---|---|---|---|---|---|
| INTBREW International Breweries | ₦14.65 | 11.0% +₦244.0b | 164.0% | PE43.2x | |
| GUINNESS Guinness Nigeria | ₦349.90 | 20.8% +₦131.9b | 398.1% | PE16.9x |