Flour Mills of Nigeria Future Growth
Future criteria checks 3/6
Flour Mills of Nigeria is forecast to grow earnings and revenue by 68.8% and 13.7% per annum respectively. EPS is expected to grow by 69% per annum. Return on equity is forecast to be 11.4% in 3 years.
Key information
68.8%
Earnings growth rate
69.0%
EPS growth rate
| Food earnings growth | 15.4% |
| Revenue growth rate | 13.7% |
| Future return on equity | 11.4% |
| Analyst coverage | Low |
| Last updated | 01 Feb 2024 |
Recent future growth updates
Recent updates
Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2026 | 2,699,595 | 50,536 | 16,116 | 92,620 | 2 |
| 3/31/2025 | 2,397,003 | 34,277 | 5,958 | 69,773 | 2 |
| 3/31/2024 | 2,090,483 | 2,278 | -15,427 | 19,280 | 2 |
| 12/31/2023 | 1,984,887 | 18,868 | -65,609 | 85,171 | N/A |
| 9/30/2023 | 1,783,727 | 11,702 | 2,571 | 160,494 | N/A |
| 6/30/2023 | 1,656,430 | 13,898 | 15,064 | 179,075 | N/A |
| 3/31/2023 | 1,539,655 | 29,733 | -68,358 | 98,929 | N/A |
| 12/31/2022 | 1,452,792 | 21,020 | 59,548 | 109,031 | N/A |
| 9/30/2022 | 1,361,557 | 23,767 | -51,515 | 9,849 | N/A |
| 6/30/2022 | 1,269,701 | 26,528 | -42,336 | 12,221 | N/A |
| 3/31/2022 | 1,163,803 | 25,676 | -925 | 44,037 | N/A |
| 12/31/2021 | 1,041,247 | 26,766 | -94,414 | -49,184 | N/A |
| 9/30/2021 | 939,320 | 26,586 | -23,982 | 2,222 | N/A |
| 6/30/2021 | 850,733 | 26,523 | -567 | 22,219 | N/A |
| 3/31/2021 | 771,608 | 26,149 | 9,525 | 29,851 | N/A |
| 12/31/2020 | 705,637 | 18,738 | 57,675 | 71,833 | N/A |
| 9/30/2020 | 658,121 | 13,739 | 79,830 | 93,554 | N/A |
| 6/30/2020 | 593,608 | 10,647 | 61,331 | 77,959 | N/A |
| 3/31/2020 | 573,774 | 10,468 | 50,298 | 66,680 | N/A |
| 12/31/2019 | 550,242 | 3,906 | 42,948 | 68,957 | N/A |
| 9/30/2019 | 528,429 | 5,254 | 34,283 | 61,475 | N/A |
| 6/30/2019 | 529,121 | 4,661 | 44,918 | 70,658 | N/A |
| 3/31/2019 | 527,405 | 4,108 | 44,716 | 72,239 | N/A |
| 12/31/2018 | 515,803 | 8,446 | 40,375 | 65,614 | N/A |
| 9/30/2018 | 513,965 | 9,494 | 29,489 | 52,933 | N/A |
| 6/30/2018 | 526,724 | 12,308 | 1,607 | 25,034 | N/A |
| 3/31/2018 | 542,670 | 12,675 | 61,314 | 82,753 | N/A |
| 12/31/2017 | 562,029 | 13,360 | 38,709 | 57,525 | N/A |
| 9/30/2017 | 567,603 | 10,418 | N/A | 19,914 | N/A |
| 6/30/2017 | 554,233 | 7,823 | N/A | 28,051 | N/A |
| 3/31/2017 | 524,464 | 7,961 | N/A | -13,929 | N/A |
| 12/31/2016 | 468,850 | 2,784 | N/A | 19,526 | N/A |
| 9/30/2016 | 420,308 | -3,133 | N/A | 72,227 | N/A |
| 6/30/2016 | 379,512 | 17,969 | N/A | 64,872 | N/A |
| 3/31/2016 | 342,586 | 14,620 | N/A | 47,942 | N/A |
| 12/31/2015 | 328,157 | 24,743 | N/A | 33,903 | N/A |
| 9/30/2015 | 320,799 | 28,543 | N/A | 9,976 | N/A |
| 6/30/2015 | 307,090 | 7,263 | N/A | N/A | N/A |
| 3/31/2015 | 308,757 | 9,005 | N/A | 19,676 | N/A |
| 12/31/2014 | 329,881 | 2,107 | N/A | 14,413 | N/A |
| 9/30/2014 | 323,347 | 3,602 | N/A | 33,462 | N/A |
| 6/30/2014 | 315,116 | 3,555 | N/A | N/A | N/A |
| 3/31/2014 | 325,790 | 4,612 | N/A | 25,269 | N/A |
| 12/31/2013 | 336,617 | 4,461 | N/A | 23,079 | N/A |
| 9/30/2013 | 332,338 | 4,162 | N/A | 27,348 | N/A |
| 6/30/2013 | 332,212 | 6,608 | N/A | N/A | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLOURMILL's forecast earnings growth (68.8% per year) is above the savings rate (12.3%).
Earnings vs Market: FLOURMILL's earnings (68.8% per year) are forecast to grow faster than the NG market (22.5% per year).
High Growth Earnings: FLOURMILL's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FLOURMILL's revenue (13.7% per year) is forecast to grow slower than the NG market (18.6% per year).
High Growth Revenue: FLOURMILL's revenue (13.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FLOURMILL's Return on Equity is forecast to be low in 3 years time (11.4%).