Flour Mills of Nigeria PLC

NGSE:FLOURMILL Stock Report

Market Cap: ₦335.4b

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Flour Mills of Nigeria Past Earnings Performance

Past criteria checks 5/6

Flour Mills of Nigeria has been growing earnings at an average annual rate of 8.3%, while the Food industry saw earnings growing at 34% annually. Revenues have been growing at an average rate of 33.7% per year. Flour Mills of Nigeria's return on equity is 10.7%, and it has net margins of 0.9%.

Key information

8.3%

Earnings growth rate

8.3%

EPS growth rate

Food Industry Growth21.5%
Revenue growth rate33.7%
Return on equity10.7%
Net Margin0.9%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Flour Mills of Nigeria makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NGSE:FLOURMILL Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 243,024,39128,54096,9050
30 Jun 242,598,37118,40282,9040
31 Mar 242,291,56125770,5980
31 Dec 231,984,88718,86871,9670
30 Sep 231,783,72711,70266,7160
30 Jun 231,656,43013,89858,3390
31 Mar 231,539,65529,73356,2670
31 Dec 221,452,79221,02052,9770
30 Sep 221,361,55723,76745,2940
30 Jun 221,269,70126,52845,5380
31 Mar 221,163,80325,67641,3580
31 Dec 211,041,24726,76644,8830
30 Sep 21939,32026,58642,4970
30 Jun 21850,73326,52341,9410
31 Mar 21771,60826,14937,8560
31 Dec 20705,63718,73835,9550
30 Sep 20658,12113,73937,6170
30 Jun 20593,60810,64735,1590
31 Mar 20573,77410,46834,8600
31 Dec 19550,2423,90628,8350
30 Sep 19528,4295,25427,0480
30 Jun 19529,1214,66125,9250
31 Mar 19527,4054,10825,9990
31 Dec 18515,8038,44628,1240
30 Sep 18513,9659,49427,4650
30 Jun 18526,72412,30826,2490
31 Mar 18542,67012,67524,7890
31 Dec 17562,02913,36025,5430
30 Sep 17567,60310,41824,5110
30 Jun 17554,2337,82323,9210
31 Mar 17524,4647,96122,7970
31 Dec 16468,8502,78421,6110
30 Sep 16420,308-3,13321,7080
30 Jun 16379,51217,96920,5290
31 Mar 16342,58614,62020,3240
31 Dec 15328,15724,74322,9980
30 Sep 15320,79928,54323,1870
30 Jun 15307,0907,26322,8000
31 Mar 15308,7579,00522,8980
31 Dec 14329,8812,10720,8410
30 Sep 14323,3473,60219,3780
30 Jun 14315,1163,55531,9760
31 Mar 14325,7904,61220,5120

Quality Earnings: FLOURMILL has high quality earnings.

Growing Profit Margin: FLOURMILL's current net profit margins (0.9%) are higher than last year (0.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FLOURMILL's earnings have grown by 8.3% per year over the past 5 years.

Accelerating Growth: FLOURMILL's earnings growth over the past year (143.9%) exceeds its 5-year average (8.3% per year).

Earnings vs Industry: FLOURMILL earnings growth over the past year (143.9%) exceeded the Food industry 135.3%.

Return on Equity

High ROE: FLOURMILL's Return on Equity (10.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/07 23:50
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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 here.

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 .

Analyst Sources

Flour Mills of Nigeria PLC is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAfrican Alliance
Usman-Olubajo AjibolaARM Research
Victor DimaArqaam Capital Research Offshore S.A.L.