Honeywell Flour Mills Plc, a flour milling company, manufactures and markets wheat-based products in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦3.55|
|52 Week High||₦0.90|
|52 Week Low||₦4.29|
|1 Month Change||-11.25%|
|3 Month Change||104.02%|
|1 Year Change||265.98%|
|3 Year Change||186.29%|
|5 Year Change||173.08%|
|Change since IPO||-58.24%|
Recent News & Updates
|HONYFLOUR||NG Food||NG Market|
Return vs Industry: HONYFLOUR exceeded the NG Food industry which returned 30.3% over the past year.
Return vs Market: HONYFLOUR exceeded the NG Market which returned 40% over the past year.
Stable Share Price: HONYFLOUR is more volatile than 90% of NG stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: HONYFLOUR's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
Honeywell Flour Mills Plc, a flour milling company, manufactures and markets wheat-based products in Nigeria. The company’s products include flour, semolina, wheat meal, and brown flour, as well as pasta and noodles. It offers its products under the Honeywell brand.
Honeywell Flour Mills Fundamentals Summary
|HONYFLOUR fundamental statistics|
Is HONYFLOUR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HONYFLOUR income statement (TTM)|
|Cost of Revenue||₦101.14b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.16|
|Net Profit Margin||1.06%|
How did HONYFLOUR perform over the long term?See historical performance and comparison
2.0%Current Dividend Yield
Is Honeywell Flour Mills undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HONYFLOUR (NGN3.55) is trading below our estimate of fair value (NGN85.58)
Significantly Below Fair Value: HONYFLOUR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HONYFLOUR is poor value based on its PE Ratio (22.9x) compared to the NG Food industry average (11.5x).
PE vs Market: HONYFLOUR is poor value based on its PE Ratio (22.9x) compared to the NG market (7.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HONYFLOUR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HONYFLOUR is good value based on its PB Ratio (0.5x) compared to the NG Food industry average (1.3x).
How is Honeywell Flour Mills forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Food, Beverage & Tobacco industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Honeywell Flour Mills has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
How has Honeywell Flour Mills performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HONYFLOUR has high quality earnings.
Growing Profit Margin: HONYFLOUR's current net profit margins (1.1%) are higher than last year (0.7%).
Past Earnings Growth Analysis
Earnings Trend: HONYFLOUR has become profitable over the past 5 years, growing earnings by -0.4% per year.
Accelerating Growth: HONYFLOUR's earnings growth over the past year (109.5%) exceeds its 5-year average (-0.4% per year).
Earnings vs Industry: HONYFLOUR earnings growth over the past year (109.5%) exceeded the Food industry 34.1%.
Return on Equity
High ROE: HONYFLOUR's Return on Equity (2.1%) is considered low.
How is Honeywell Flour Mills's financial position?
Financial Position Analysis
Short Term Liabilities: HONYFLOUR's short term assets (NGN63.9B) do not cover its short term liabilities (NGN80.2B).
Long Term Liabilities: HONYFLOUR's short term assets (NGN63.9B) exceed its long term liabilities (NGN25.9B).
Debt to Equity History and Analysis
Debt Level: HONYFLOUR's debt to equity ratio (116.4%) is considered high.
Reducing Debt: HONYFLOUR's debt to equity ratio has reduced from 270.7% to 116.4% over the past 5 years.
Debt Coverage: HONYFLOUR's debt is well covered by operating cash flow (32.5%).
Interest Coverage: HONYFLOUR's interest payments on its debt are not well covered by EBIT (1.3x coverage).
What is Honeywell Flour Mills's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HONYFLOUR's dividend (1.97%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (3.3%).
High Dividend: HONYFLOUR's dividend (1.97%) is low compared to the top 25% of dividend payers in the NG market (7.31%).
Stability and Growth of Payments
Stable Dividend: HONYFLOUR's dividend payments have been volatile in the past 10 years.
Growing Dividend: HONYFLOUR's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.1%), HONYFLOUR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Olanrewaju Bamidele Jaiyeola, also known as Lanre, has been Chief Executive Officer and Managing Director of Honeywell Flour Mills Plc since April 2014 and served as its commercial director. Mr. Jaiyeo...
Experienced Board: HONYFLOUR's board of directors are considered experienced (6.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Honeywell Flour Mills Plc's employee growth, exchange listings and data sources
- Name: Honeywell Flour Mills Plc
- Ticker: HONYFLOUR
- Exchange: NGSE
- Founded: 1983
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: ₦28.152b
- Shares outstanding: 7.93b
- Website: https://www.honeywellflour.com
Number of Employees
- Honeywell Flour Mills Plc
- 6B Mekunwen Road
- Off Oyinkan Abayomi Drive
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 15:21|
|End of Day Share Price||2021/10/15 00:00|