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 66.6%, while the Food industry saw earnings growing at 34.4% annually. Revenues have been growing at an average rate of 29.4% per year. Northern Nigeria Flour Mills's return on equity is 24%, and it has net margins of 7%.
Key information
66.6%
Earnings growth rate
66.6%
EPS growth rate
| Food Industry Growth | 21.5% |
| Revenue growth rate | 29.4% |
| Return on equity | 24.0% |
| Net Margin | 7.0% |
| Last Earnings Update | 30 Sep 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
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 33,899 | 2,363 | 1,436 | 0 |
| 30 Jun 24 | 28,792 | 1,441 | 573 | 0 |
| 31 Mar 24 | 25,951 | 1,526 | 1,218 | 0 |
| 31 Dec 23 | 24,231 | 1,491 | 2,893 | 0 |
| 30 Sep 23 | 21,061 | 1,042 | 745 | 0 |
| 30 Jun 23 | 17,882 | 537 | 1,589 | 0 |
| 31 Mar 23 | 16,162 | 273 | 693 | 0 |
| 31 Dec 22 | 17,629 | 185 | 1,557 | 0 |
| 30 Sep 22 | 15,462 | 104 | 760 | 0 |
| 30 Jun 22 | 16,060 | 166 | 581 | 0 |
| 31 Mar 22 | 15,233 | 81 | 611 | 0 |
| 31 Dec 21 | 13,576 | 245 | 874 | 0 |
| 30 Sep 21 | 12,334 | 97 | 758 | 0 |
| 30 Jun 21 | 10,326 | 84 | 667 | 0 |
| 31 Mar 21 | 8,668 | 70 | 570 | 0 |
| 31 Dec 20 | 10,290 | 328 | 602 | 0 |
| 30 Sep 20 | 10,710 | 364 | 524 | 0 |
| 30 Jun 20 | 9,619 | 122 | 486 | 0 |
| 31 Mar 20 | 8,841 | 65 | 465 | 0 |
| 31 Dec 19 | 6,621 | -74 | 339 | 0 |
| 30 Sep 19 | 5,212 | -88 | 315 | 0 |
| 30 Jun 19 | 4,784 | 57 | 301 | 0 |
| 31 Mar 19 | 4,150 | -32 | 290 | 0 |
| 31 Dec 18 | 3,808 | -70 | 388 | 0 |
| 30 Sep 18 | 3,246 | -99 | 428 | 0 |
| 30 Jun 18 | 3,119 | -103 | 456 | 0 |
| 31 Mar 18 | 2,862 | -61 | 443 | 0 |
| 31 Dec 17 | 2,459 | -140 | 428 | 0 |
| 30 Sep 17 | 2,018 | -93 | 407 | 0 |
| 30 Jun 17 | 1,359 | -50 | 358 | 0 |
| 31 Mar 17 | 1,331 | -18 | 345 | 0 |
| 31 Dec 16 | 680 | -308 | 288 | 0 |
| 30 Sep 16 | 772 | -225 | 300 | 0 |
| 30 Jun 16 | 829 | -123 | 302 | 0 |
| 31 Mar 16 | 979 | -197 | 317 | 0 |
| 31 Dec 15 | 524 | -337 | 383 | 0 |
| 30 Sep 15 | 5,328 | -337 | 388 | 0 |
| 30 Jun 15 | 7,757 | -410 | 447 | 0 |
| 31 Mar 15 | 10,529 | -200 | 445 | 0 |
| 31 Dec 14 | 13,743 | 211 | 424 | 0 |
| 30 Sep 14 | 10,147 | 290 | 417 | 0 |
| 30 Jun 14 | 11,052 | 319 | 408 | 0 |
| 31 Mar 14 | 13,509 | 234 | 455 | 0 |
| 31 Dec 13 | 10,999 | -293 | 468 | 0 |
Quality Earnings: NNFM has high quality earnings.
Growing Profit Margin: NNFM's current net profit margins (7%) are higher than last year (4.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NNFM has become profitable over the past 5 years, growing earnings by 66.6% per year.
Accelerating Growth: NNFM's earnings growth over the past year (126.8%) exceeds its 5-year average (66.6% per year).
Earnings vs Industry: NNFM earnings growth over the past year (126.8%) did not outperform the Food industry 135.3%.
Return on Equity
High ROE: NNFM's Return on Equity (24%) is considered high.