Nigerian Breweries Plc engages in the brewing, marketing, and selling of lager, stout, non-alcoholic malt drinks, and soft drinks in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦47.00|
|52 Week High||₦46.50|
|52 Week Low||₦63.25|
|1 Month Change||-3.59%|
|3 Month Change||-18.97%|
|1 Year Change||-4.47%|
|3 Year Change||-46.89%|
|5 Year Change||-67.59%|
|Change since IPO||1,781.88%|
Recent News & Updates
|NB||NG Beverage||NG Market|
Return vs Industry: NB underperformed the NG Beverage industry which returned 3.7% over the past year.
Return vs Market: NB underperformed the NG Market which returned 40.6% over the past year.
Stable Share Price: NB is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NB's weekly volatility (5%) has been stable over the past year.
About the Company
Nigerian Breweries Plc engages in the brewing, marketing, and selling of lager, stout, non-alcoholic malt drinks, and soft drinks in Nigeria. The company offers its products under the Star, Heineken, Gulder, Goldberg, 33 Export, Life, More, Tiger, Legend, Williams, Turbo King, Amstel, Maltina, Malta Gold, Maltex, Hi-Malt, fayrouz, and Climax brands. It also provides Climax herbal energy drink.
Nigerian Breweries Fundamentals Summary
|NB fundamental statistics|
Is NB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NB income statement (TTM)|
|Cost of Revenue||₦257.03b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.18|
|Net Profit Margin||2.41%|
How did NB perform over the long term?See historical performance and comparison
2.0%Current Dividend Yield
Is Nigerian Breweries 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: NB (NGN47) is trading below our estimate of fair value (NGN79.38)
Significantly Below Fair Value: NB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NB is poor value based on its PE Ratio (40x) compared to the African Beverage industry average (27.5x).
PE vs Market: NB is poor value based on its PE Ratio (40x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: NB is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: NB is overvalued based on its PB Ratio (2.3x) compared to the NG Beverage industry average (0.8x).
How is Nigerian Breweries forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NB's forecast earnings growth (25.6% per year) is above the savings rate (13.2%).
Earnings vs Market: NB's earnings (25.6% per year) are forecast to grow faster than the NG market (15.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NB's revenue (8.6% per year) is forecast to grow slower than the NG market (10.7% per year).
High Growth Revenue: NB's revenue (8.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NB's Return on Equity is forecast to be high in 3 years time (31.5%)
How has Nigerian Breweries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NB has high quality earnings.
Growing Profit Margin: NB's current net profit margins (2.4%) are lower than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: NB's earnings have declined by 27.9% per year over the past 5 years.
Accelerating Growth: NB's earnings growth over the past year (13.4%) exceeds its 5-year average (-27.9% per year).
Earnings vs Industry: NB earnings growth over the past year (13.4%) underperformed the Beverage industry 19.7%.
Return on Equity
High ROE: NB's Return on Equity (5.7%) is considered low.
How is Nigerian Breweries's financial position?
Financial Position Analysis
Short Term Liabilities: NB's short term assets (NGN94.0B) do not cover its short term liabilities (NGN211.6B).
Long Term Liabilities: NB's short term assets (NGN94.0B) exceed its long term liabilities (NGN67.0B).
Debt to Equity History and Analysis
Debt Level: NB's debt to equity ratio (40.9%) is considered high.
Reducing Debt: NB's debt to equity ratio has increased from 15.1% to 40.9% over the past 5 years.
Debt Coverage: NB's debt is well covered by operating cash flow (154.7%).
Interest Coverage: NB's interest payments on its debt are not well covered by EBIT (2.6x coverage).
What is Nigerian Breweries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NB's dividend (2%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (3.16%).
High Dividend: NB's dividend (2%) is low compared to the top 25% of dividend payers in the NG market (7.38%).
Stability and Growth of Payments
Stable Dividend: NB's dividend payments have been volatile in the past 10 years.
Growing Dividend: NB's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (79.6%), NB's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NB's dividends in 3 years are not forecast to be well covered by earnings (115.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Nigerian Breweries has no CEO, or we have no data on them.
Experienced Board: NB's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nigerian Breweries Plc's employee growth, exchange listings and data sources
- Name: Nigerian Breweries Plc
- Ticker: NB
- Exchange: NGSE
- Founded: 1946
- Industry: Brewers
- Sector: Food, Beverage & Tobacco
- Market Cap: ₦379.564b
- Shares outstanding: 8.08b
- Website: https://www.nbplc.com
Number of Employees
- Nigerian Breweries Plc
- Iganmu House
- Abebe Village Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/15 15:21|
|End of Day Share Price||2021/10/15 00:00|
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.