Northern Nigeria Flour Mills Plc

NGSE:NNFM Stock Report

Market Cap: ₦10.8b

Northern Nigeria Flour Mills Past Earnings Performance

Past criteria checks 5/6

Northern Nigeria Flour Mills has been growing earnings at an average annual rate of 70.4%, while the Food industry saw earnings growing at 34.7% annually. Revenues have been growing at an average rate of 29.1% per year. Northern Nigeria Flour Mills's return on equity is 33.9%, and it has net margins of 12.1%.

Key information

70.4%

Earnings growth rate

70.4%

EPS growth rate

Food Industry Growth21.5%
Revenue growth rate29.1%
Return on equity33.9%
Net Margin12.1%
Last Earnings Update31 Dec 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

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

Earnings and Revenue History

NGSE:NNFM Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2433,6784,089-1,2750
30 Sep 2433,8992,3631,4360
30 Jun 2428,7921,4415730
31 Mar 2425,9511,5261,2180
31 Dec 2324,2311,4912,8930
30 Sep 2321,0611,0427450
30 Jun 2317,8825371,5890
31 Mar 2316,1622736930
31 Dec 2217,6291851,5570
30 Sep 2215,4621047600
30 Jun 2216,0601665810
31 Mar 2215,233816110
31 Dec 2113,5762458740
30 Sep 2112,334977580
30 Jun 2110,326846670
31 Mar 218,668705700
31 Dec 2010,2903286020
30 Sep 2010,7103645240
30 Jun 209,6191224860
31 Mar 208,841654650
31 Dec 196,621-743390
30 Sep 195,212-883150
30 Jun 194,784573010
31 Mar 194,150-322900
31 Dec 183,808-703880
30 Sep 183,246-994280
30 Jun 183,119-1034560
31 Mar 182,862-614430
31 Dec 172,459-1404280
30 Sep 172,018-934070
30 Jun 171,359-503580
31 Mar 171,331-183450
31 Dec 16680-3082880
30 Sep 16772-2253000
30 Jun 16829-1233020
31 Mar 16979-1973170
31 Dec 15524-3373830
30 Sep 155,328-3373880
30 Jun 157,757-4104470
31 Mar 1510,529-2004450
31 Dec 1413,7432114240
30 Sep 1410,1472904170
30 Jun 1411,0523194080
31 Mar 1413,5092344550

Quality Earnings: NNFM has a high level of non-cash earnings.

Growing Profit Margin: NNFM's current net profit margins (12.1%) are higher than last year (6.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NNFM has become profitable over the past 5 years, growing earnings by 70.4% per year.

Accelerating Growth: NNFM's earnings growth over the past year (174.2%) exceeds its 5-year average (70.4% per year).

Earnings vs Industry: NNFM earnings growth over the past year (174.2%) exceeded the Food industry 159.7%.

Return on Equity

High ROE: NNFM's Return on Equity (33.9%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/02 07:10
End of Day Share Price 2025/01/31 00:00
Earnings2024/12/31
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

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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

Northern Nigeria Flour Mills Plc is covered by 1 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
Robert OmotundeMeristem Securities Limited