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Nigerian (NSE) Beverage Industry Analysis
UpdatedMar 06, 2026
DataAggregated Company Financials
Companies6
- 7D0.6%
- 3M23.0%
- 1Y184.2%
- YTD5.1%
In the last week, the Beverage industry is flat overall, with Champion Breweries standing out by going down 12%. As for the the longer term, the industry is up 184% over the past 12 months. As for the next few years, earnings are expected to grow by 29% 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 |
|---|---|---|---|---|---|---|
| Fri, 06 Mar 2026 | ₦5.9t | ₦2.6t | ₦191.5b | 33.5x | 31x | 2.3x |
| Sun, 01 Feb 2026 | ₦5.8t | ₦2.6t | ₦201.7b | 32.8x | 28.8x | 2.2x |
| Tue, 30 Dec 2025 | ₦6.0t | ₦2.6t | ₦195.3b | 36.7x | 30.7x | 2.3x |
| Thu, 27 Nov 2025 | ₦4.4t | ₦2.6t | ₦195.3b | 27.6x | 22.5x | 1.7x |
| Sat, 25 Oct 2025 | ₦5.3t | ₦2.6t | ₦173.4b | 34.1x | 30.6x | 2x |
| Mon, 22 Sep 2025 | ₦5.0t | ₦2.1t | ₦73.4b | 59.5x | 68x | 2.4x |
| Wed, 20 Aug 2025 | ₦5.0t | ₦2.1t | ₦73.4b | 58.6x | 68.2x | 2.4x |
| Fri, 18 Jul 2025 | ₦4.9t | ₦2.3t | -₦55,864,246,819.00 | 28.7x | -87.9x | 2.2x |
| Sun, 15 Jun 2025 | ₦3.9t | ₦2.3t | -₦55,864,246,819.00 | 20.3x | -69.3x | 1.7x |
| Tue, 13 May 2025 | ₦3.2t | ₦2.3t | -₦55,864,246,819.00 | 15.1x | -57.7x | 1.4x |
| Thu, 10 Apr 2025 | ₦1.9t | ₦1.6t | -₦257,692,552,819.00 | 43.3x | -7.3x | 1.2x |
| Sat, 08 Mar 2025 | ₦1.9t | ₦1.5t | -₦298,712,483,819.00 | 76x | -6.4x | 1.3x |
| Mon, 03 Feb 2025 | ₦970.0b | ₦437.9b | -₦153,937,998,819.00 | 75.2x | -6.3x | 2.2x |
| Wed, 01 Jan 2025 | ₦977.2b | ₦437.9b | -₦153,937,998,819.00 | 72.6x | -6.3x | 2.2x |
| Fri, 29 Nov 2024 | ₦710.5b | ₦437.9b | -₦153,937,998,819.00 | 70.7x | -4.6x | 1.6x |
| Sun, 27 Oct 2024 | ₦68.4t | ₦388.9b | -₦142,313,342,686.00 | 66.1x | -480.4x | 175.8x |
| Tue, 24 Sep 2024 | ₦74.1t | ₦387.0b | -₦142,828,262,686.00 | n/a | -518.7x | 191.4x |
| Thu, 22 Aug 2024 | ₦75.8t | ₦387.0b | -₦142,828,262,686.00 | n/a | -530.4x | 195.7x |
| Sat, 20 Jul 2024 | ₦34.2b | ₦15.5b | -₦38,907,000.00 | n/a | -880.3x | 2.2x |
| Mon, 17 Jun 2024 | ₦30.0b | ₦13.9b | -₦498,308,000.00 | n/a | -60.1x | 2.1x |
| Wed, 15 May 2024 | ₦138.8b | ₦278.2b | -₦59,965,683,000.00 | n/a | -2.3x | 0.5x |
| Fri, 12 Apr 2024 | ₦547.6b | ₦1.1t | -₦192,972,259,000.00 | 71x | -2.8x | 0.5x |
| Sun, 10 Mar 2024 | ₦538.9b | ₦1.1t | -₦193,804,203,883.00 | 118.4x | -2.8x | 0.5x |
| Tue, 06 Feb 2024 | ₦711.0b | ₦1.1t | -₦146,259,796,883.00 | 119.3x | -4.9x | 0.7x |
| Thu, 04 Jan 2024 | ₦687.5b | ₦1.0t | -₦125,056,925,883.00 | 119.7x | -5.5x | 0.7x |
| Sat, 02 Dec 2023 | ₦675.9b | ₦1.0t | -₦125,056,925,883.00 | 110.2x | -5.4x | 0.6x |
| Mon, 30 Oct 2023 | ₦657.8b | ₦1.0t | -₦122,968,180,883.00 | 53x | -5.3x | 0.6x |
| Wed, 27 Sep 2023 | ₦714.8b | ₦1.0t | -₦117,189,805,883.00 | 52.3x | -6.1x | 0.7x |
| Fri, 25 Aug 2023 | ₦676.5b | ₦1.0t | -₦117,189,805,883.00 | 45.3x | -5.8x | 0.7x |
| Sun, 23 Jul 2023 | ₦771.8b | ₦983.8b | -₦29,475,961,883.00 | 28.6x | -26.2x | 0.8x |
| Tue, 20 Jun 2023 | ₦790.4b | ₦984.4b | -₦28,825,185,883.00 | 23.2x | -27.4x | 0.8x |
| Thu, 18 May 2023 | ₦705.2b | ₦984.4b | -₦28,825,185,883.00 | 22.2x | -24.5x | 0.7x |
| Sat, 15 Apr 2023 | ₦683.5b | ₦999.0b | ₦3.2b | 24x | 215.8x | 0.7x |
| Mon, 13 Mar 2023 | ₦740.6b | ₦965.5b | ₦24.4b | 21.9x | 30.4x | 0.8x |
Price to Earnings Ratio
30.4x
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 31.0x which is higher than its 3-year average PE of -53.3x.
- The 3-year average PS ratio of 14.6x 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 99% per year over the last three years.
- Revenues for these companies have grown 39% 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 | 1.68% | |
| Consumer Staples | 0.42% | |
| Beverage | 0.62% | |
| Brewers | 0.62% | |
| 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 28.8%, which is lower than the prior year's growth of 119.1% 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 29% over the next 5 years.
- However this is lower than its past earnings growth rate of 119% per year.
- In contrast, the Brewers industry is expected to see its earnings grow by 29% 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 | |
|---|---|---|---|---|---|
| NB Nigerian Breweries | ₦82.00 | 2.6% +₦63.5b | 156.3% | PE25.6x |