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Honeywell Flour Mills PlcNGSE:HONYFLOUR Stock Report

Market Cap ₦145.5b
Share Price
₦18.35
₦23
20.2% undervalued intrinsic discount
1Y-10.5%
7D0.8%
1D
Portfolio Value
View

Honeywell Flour Mills Plc

NGSE:HONYFLOUR Stock Report

Market Cap: ₦145.5b

Honeywell Flour Mills (HONYFLOUR) Stock Overview

Manufactures and markets wheat-based products in Nigeria. More details

HONYFLOUR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends0/6

HONYFLOUR Community Fair Values

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Honeywell Flour Mills Plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Honeywell Flour Mills
Historical stock prices
Current Share Price₦18.35
52 Week High₦30.20
52 Week Low₦16.05
Beta0.43
1 Month Change0.82%
3 Month Change-12.62%
1 Year Change-10.49%
3 Year Change424.29%
5 Year Change1,290.15%
Change since IPO115.88%

Recent News & Updates

New Narrative Jun 03

Honeywell Flour Mills Plc Reports Strong FY 2026 Earnings Growth Amid Margin Expansion and Balance Sheet Strengthening Despite Revenue Decli

Honeywell Flour Mills Plc Reports Strong FY 2026 Earnings Growth Amid Margin Expansion and Balance Sheet Strengthening Despite Revenue Decline Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) Honeywell Flour Mills Plc delivered a resilient performance for the financial year ended 31 March 2026, recording improved profitability despite a modest decline in revenue. Profit After Tax (PAT) increased by 13% YoY to ₦16.49 billion, supported by improved gross margins, lower finance costs, reduced administrative expenses, and stronger interest income from related-party loans.

Recent updates

New Narrative Jun 03

Honeywell Flour Mills Plc Reports Strong FY 2026 Earnings Growth Amid Margin Expansion and Balance Sheet Strengthening Despite Revenue Decli

Honeywell Flour Mills Plc Reports Strong FY 2026 Earnings Growth Amid Margin Expansion and Balance Sheet Strengthening Despite Revenue Decline Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) Honeywell Flour Mills Plc delivered a resilient performance for the financial year ended 31 March 2026, recording improved profitability despite a modest decline in revenue. Profit After Tax (PAT) increased by 13% YoY to ₦16.49 billion, supported by improved gross margins, lower finance costs, reduced administrative expenses, and stronger interest income from related-party loans.

Shareholder Returns

HONYFLOURNG FoodNG Market
7D0.8%-1.9%-3.6%
1Y-10.5%118.8%119.4%

Return vs Industry: HONYFLOUR underperformed the NG Food industry which returned 118.8% over the past year.

Return vs Market: HONYFLOUR underperformed the NG Market which returned 119.4% over the past year.

Price Volatility

Is HONYFLOUR's price volatile compared to industry and market?
HONYFLOUR volatility
HONYFLOUR Average Weekly Movement6.2%
Food Industry Average Movement7.6%
Market Average Movement7.8%
10% most volatile stocks in NG Market10.8%
10% least volatile stocks in NG Market4.3%

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

Volatility Over Time: HONYFLOUR's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1983417Nassib Raffoulwww.honeywellflour.com

Honeywell Flour Mills Plc manufactures and markets wheat-based products in Nigeria. It offers flour, semolina, whole wheat meal, noodles, and pasta, as well as manages free trade zone enterprises. The company was incorporated in 1983 and is based in Lagos, Nigeria.

Honeywell Flour Mills Plc Fundamentals Summary

How do Honeywell Flour Mills's earnings and revenue compare to its market cap?
HONYFLOUR fundamental statistics
Market cap₦145.52b
Earnings (TTM)₦16.49b
Revenue (TTM)₦360.85b
8.8x
P/E Ratio
0.4x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HONYFLOUR income statement (TTM)
Revenue₦360.85b
Cost of Revenue₦324.42b
Gross Profit₦36.43b
Other Expenses₦19.94b
Earnings₦16.49b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)2.08
Gross Margin10.10%
Net Profit Margin4.57%
Debt/Equity Ratio60.2%

How did HONYFLOUR perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/07 01:24
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

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.

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

Honeywell Flour Mills Plc is covered by 2 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.

AnalystInstitution
Adedayo AyeniCSL Stockbrokers Ltd
null nullMeristem Securities Limited