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Eterna PlcNGSE:ETERNA Stock Report

Market Cap ₦67.3b
Share Price
₦27.75
₦42
33.9% undervalued intrinsic discount
1Y-29.9%
7D0%
1D
Portfolio Value
View

Eterna Plc

NGSE:ETERNA Stock Report

Market Cap: ₦67.3b

Eterna (ETERNA) Stock Overview

An integrated energy company, manufactures and sells lubricating oils and petrochemicals in Nigeria. More details

ETERNA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends2/6

ETERNA Community Fair Values

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Eterna Plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Eterna
Historical stock prices
Current Share Price₦30.80
52 Week High₦51.20
52 Week Low₦27.90
Beta0.33
1 Month Change-10.33%
3 Month Change-18.73%
1 Year Change-29.92%
3 Year Change77.01%
5 Year Change305.26%
Change since IPO6,384.21%

Recent News & Updates

Narrative Update Jun 04

Eterna Plc Intensifies Retail Expansion and Business Diversification Strategy

Author: Qudus Adebara(Research Analyst, DLM securities) Eterna Plc has reaffirmed its commitment to expanding its downstream footprint and diversifying its operations following resolutions reached at its 33rd Annual General Meeting (AGM), positioning the company for long-term growth within Nigeria’s evolving energy sector. As part of its medium-term strategy, the company plans to significantly strengthen its retail and operational infrastructure through targeted investments across its fuel retail network, aviation operations, lubricants business, and Liquefied Petroleum Gas (LPG) segment.
Narrative Update May 21

Eterna Plc Reports Strong Q1 2026 Earnings Recovery Driven by Improved Margins and Debt Reduction

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Eterna Plc delivered a significantly improved financial performance for the quarter ended 31 March 2026, supported by stronger gross margins, reduced financing pressure, and improved working capital efficiency despite a slight decline in revenue. Revenue declined marginally by 3.8% YoY to ₦70.51 billion from ₦73.27 billion in Q1 2025, largely reflecting lower lubricant sales.
Narrative Update May 19

Eterna Plc Delivers Improved FY 2025 Profit Despite Margin Compression and Working Capital Pressure

Analyst: Qudus Adebara (DLM Securities, Research Analyst) Executive Summary Eterna Plc recorded improved bottom-line performance for the year ended 31 December 2025, despite revenue contraction and significant gross margin compression. Revenue declined by 3.5% YoY to ₦302.52 billion , largely due to softer fuel sales.

Recent updates

Narrative Update Jun 04

Eterna Plc Intensifies Retail Expansion and Business Diversification Strategy

Author: Qudus Adebara(Research Analyst, DLM securities) Eterna Plc has reaffirmed its commitment to expanding its downstream footprint and diversifying its operations following resolutions reached at its 33rd Annual General Meeting (AGM), positioning the company for long-term growth within Nigeria’s evolving energy sector. As part of its medium-term strategy, the company plans to significantly strengthen its retail and operational infrastructure through targeted investments across its fuel retail network, aviation operations, lubricants business, and Liquefied Petroleum Gas (LPG) segment.
Narrative Update May 21

Eterna Plc Reports Strong Q1 2026 Earnings Recovery Driven by Improved Margins and Debt Reduction

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Eterna Plc delivered a significantly improved financial performance for the quarter ended 31 March 2026, supported by stronger gross margins, reduced financing pressure, and improved working capital efficiency despite a slight decline in revenue. Revenue declined marginally by 3.8% YoY to ₦70.51 billion from ₦73.27 billion in Q1 2025, largely reflecting lower lubricant sales.
Narrative Update May 19

Eterna Plc Delivers Improved FY 2025 Profit Despite Margin Compression and Working Capital Pressure

Analyst: Qudus Adebara (DLM Securities, Research Analyst) Executive Summary Eterna Plc recorded improved bottom-line performance for the year ended 31 December 2025, despite revenue contraction and significant gross margin compression. Revenue declined by 3.5% YoY to ₦302.52 billion , largely due to softer fuel sales.
Narrative Update Feb 25

Eterna Plc – Modest Profitability Amid Lower Revenue in 9M 2025

Analyst: Qudus Adebara Executive Summary Eterna Plc delivered a modest performance for the nine months ended September 30, 2025, amid softer revenue and ongoing cost pressures. The Group reported revenue of ₦212.84 billion , a decline of 9% YoY from ₦233.75 billion in 9M 2024, driven largely by lower sales volumes across key product lines.
Narrative Update Dec 11

Eterna Plc’s Rights Issue: Strengthening Logistics Backbone, Deepening LPG Penetration & Scaling Aviation Fueling Capacity

Eterna Plc’s decision to launch a ₦21.52 billion Rights Issue, Under the approved structure, existing shareholders will receive three (3) new shares for every four (4) shares held as of the November 27, 2025 qualification date. The offer opens on January 12, 2026 and closes on February 18, 2026 with current outstanding shares.
Narrative Update Nov 02

Eterna Plc Q2/H1 Result– Strategic Turnaround Driving Renewed Growth

Eterna Plc Calls for Targeted LPG Investment to Accelerate Clean Energy Transition Overview At the 2025 NAEC Energy Conference themed “Nigeria’s Energy Future: Exploring Opportunities and Addressing Risks for Sustainable Growth,” the Managing Director of Eterna Plc, Mr. Olumide Adeosun, called for targeted investments in the liquefied petroleum gas (LPG) value chain to expand access and accelerate the adoption of clean cooking across Nigeria. While compressed natural gas (CNG) has gained significant government and private sector attention as a cleaner fuel alternative for transportation, Adeosun cautioned that LPG adoption has stagnated, undermining Nigeria’s energy transition and public health goals.
Narrative Update Oct 17

Eterna Plc Q2/H1 Result– Strategic Turnaround Driving Renewed Growth

Eterna Plc Calls for Targeted LPG Investment to Accelerate Clean Energy Transition Overview At the 2025 NAEC Energy Conference themed “Nigeria’s Energy Future: Exploring Opportunities and Addressing Risks for Sustainable Growth,” the Managing Director of Eterna Plc, Mr. Olumide Adeosun, called for targeted investments in the liquefied petroleum gas (LPG) value chain to expand access and accelerate the adoption of clean cooking across Nigeria. While compressed natural gas (CNG) has gained significant government and private sector attention as a cleaner fuel alternative for transportation, Adeosun cautioned that LPG adoption has stagnated, undermining Nigeria’s energy transition and public health goals.
Narrative Update Aug 05

Eterna Plc Q2/H1 Result– Strategic Turnaround Driving Renewed Growth

Eterna Plc: Sustains Profitability Amid Sector Headwinds, Driven by Strategic Agility Eterna Plc has delivered a solid turnaround in H1 2025 , reporting a ₦1.57 billion pre-tax profit compared to a ₦3.57 billion loss in H1 2024. Revenue grew modestly by 7% YoY to ₦157.7 billion , supported by strategic positioning, operational efficiency, and improved cost discipline.

Shareholder Returns

ETERNANG Oil and GasNG Market
7D0%0.6%-2.2%
1Y-29.9%64.3%104.6%

Return vs Industry: ETERNA underperformed the NG Oil and Gas industry which returned 67.1% over the past year.

Return vs Market: ETERNA underperformed the NG Market which returned 102.1% over the past year.

Price Volatility

Is ETERNA's price volatile compared to industry and market?
ETERNA volatility
ETERNA Average Weekly Movement7.6%
Oil and Gas Industry Average Movement5.2%
Market Average Movement7.6%
10% most volatile stocks in NG Market11.4%
10% least volatile stocks in NG Market4.1%

Stable Share Price: ETERNA has not had significant price volatility in the past 3 months compared to the NG market.

Volatility Over Time: ETERNA's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989145Jude Nwaulunewww.eternaplc.com

Eterna Plc, an integrated energy company, manufactures and sells lubricating oils and petrochemicals in Nigeria. It operates through Retail and Industrial and Lubricants and Chemicals segments. The Retail and Industrial segment is involved in the sale and distribution of petroleum products, including white products in retail outlets, small units, and to industrial customers.

Eterna Plc Fundamentals Summary

How do Eterna's earnings and revenue compare to its market cap?
ETERNA fundamental statistics
Market cap₦67.34b
Earnings (TTM)₦3.61b
Revenue (TTM)₦299.61b
18.6x
P/E Ratio
0.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ETERNA income statement (TTM)
Revenue₦299.61b
Cost of Revenue₦284.28b
Gross Profit₦15.33b
Other Expenses₦11.71b
Earnings₦3.61b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.65
Gross Margin5.12%
Net Profit Margin1.21%
Debt/Equity Ratio488.0%

How did ETERNA perform over the long term?

See historical performance and comparison

Dividends

1.6%
Current Dividend Yield
18%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/22 22:26
End of Day Share Price 2026/06/19 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Eterna Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.