HBM Nigeria (HBMNG) Stock Overview
Manufactures, markets, and sells cement and other cementitious products in Nigeria. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 6/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
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HBM Nigeria Plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦375.10 |
| 52 Week High | ₦389.90 |
| 52 Week Low | ₦103.00 |
| Beta | 0.39 |
| 1 Month Change | 21.00% |
| 3 Month Change | 7.17% |
| 1 Year Change | 148.41% |
| 3 Year Change | 1,249.28% |
| 5 Year Change | 1,616.70% |
| Change since IPO | 28,355.88% |
Recent News & Updates
HBM Nigeria Plc – Ashaka Plant Expansion and Strategic Transformation Under Huaxin Building Materials Group
HBM Nigeria Plc has reaffirmed its commitment to delivering long-term shareholder value through a major capacity expansion programme, operational transformation, and sustainability-driven initiatives following its integration into China's Huaxin Building Materials Group. The company disclosed that the ongoing expansion of its Ashaka Cement Plant in Gombe State will significantly enhance production capacity, improve operational efficiency, strengthen market competitiveness, and position the business to capitalize on growing demand from Nigeria’s housing and infrastructure sectors.Lafarge Africa Plc Delivers Strong Q1 2026 Earnings Growth Driven by Robust Revenue Expansion and Improved Operating Efficiency
Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Lafarge Africa Plc delivered an exceptionally strong financial performance for the three months ended March 31, 2026, underpinned by significant revenue growth, improved operating margins, and a surge in finance income. Revenue rose sharply by 35% YoY to ₦334.9 billion, driven primarily by strong cement sales and pricing improvements.Recent updates
HBM Nigeria Plc – Ashaka Plant Expansion and Strategic Transformation Under Huaxin Building Materials Group
HBM Nigeria Plc has reaffirmed its commitment to delivering long-term shareholder value through a major capacity expansion programme, operational transformation, and sustainability-driven initiatives following its integration into China's Huaxin Building Materials Group. The company disclosed that the ongoing expansion of its Ashaka Cement Plant in Gombe State will significantly enhance production capacity, improve operational efficiency, strengthen market competitiveness, and position the business to capitalize on growing demand from Nigeria’s housing and infrastructure sectors.Lafarge Africa Plc Delivers Strong Q1 2026 Earnings Growth Driven by Robust Revenue Expansion and Improved Operating Efficiency
Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Lafarge Africa Plc delivered an exceptionally strong financial performance for the three months ended March 31, 2026, underpinned by significant revenue growth, improved operating margins, and a surge in finance income. Revenue rose sharply by 35% YoY to ₦334.9 billion, driven primarily by strong cement sales and pricing improvements.Lafarge Africa Plc Delivers Exceptional FY 2025 Earnings Growth Driven by Revenue Expansion, Margin Improvement and Strong Cash Generation
Analyst: Qudus Adebara (Research Analyst) Executive Summary Lafarge Africa Plc delivered an outstanding financial performance for the year ended 31 December 2025, supported by strong cement revenue growth, improved cost efficiency, foreign exchange gains, and significantly lower finance costs. Revenue increased by 53% YoY to ₦1.066 trillion , driven primarily by cement sales.Lafarge Africa Plc Q3 – Strong Momentum Sustained into Q3 2025 as Profit Soars 246% YoY
Lafarge Africa Plc (Lafarge) reported an outstanding Q3 and 9M 2025 performance, sustaining its growth trajectory with significant year-on-year improvements across all key profitability metrics. The Group delivered robust topline expansion and margin improvement, underscoring its operational discipline, improved plant reliability, and cost optimization.Lafarge Africa Plc Q3 – Strong Momentum Sustained into Q3 2025 as Profit Soars 246% YoY
WaneInvestmentHouse made no meaningful changes to valuation assumptions.Lafarge Africa Plc Q2/H1 – Strong Profitability and Balance Sheet Resilience Amid Market Headwinds
Lafarge Africa Plc Launches EcoCrete — Nigeria’s First Low-Carbon Ready-Mix Concrete Analyst Name: Adebara Qudus Sector: Industrials | Building Materials | ESG Ticker: WAPCO Executive Summary Lafarge Africa Plc, a member of the Holcim Group, has officially launched EcoCrete , Nigeria’s first low-carbon ready-mix concrete , marking a significant step in the company’s net-zero and decarbonization journey. Unveiled at its Abuja Ready-Mix plant , the innovation delivers a minimum 20% reduction in CO₂ emissions compared to traditional CEM I concrete, without compromising on strength, durability, or performance.Lafarge Africa Plc Q2/H1 – Strong Profitability and Balance Sheet Resilience Amid Market Headwinds
Lafarge Africa Plc – Commissioning of the Freedom ReadyMix Plant Lafarge Africa Plc has commissioned the Freedom ReadyMix Plant in Lekki, Lagos , a state-of-the-art facility equipped with advanced automation, energy efficiency, and sustainability features. The plant strengthens Lafarge’s competitive positioning in Nigeria’s construction materials market, enhancing production capacity, product innovation, and customer service delivery.Shareholder Returns
| HBMNG | NG Basic Materials | NG Market | |
|---|---|---|---|
| 7D | 6.6% | 2.4% | 0.7% |
| 1Y | 148.4% | 62.9% | 71.1% |
Return vs Industry: HBMNG exceeded the NG Basic Materials industry which returned 62.9% over the past year.
Return vs Market: HBMNG exceeded the NG Market which returned 71.1% over the past year.
Price Volatility
| HBMNG volatility | |
|---|---|
| HBMNG Average Weekly Movement | 6.1% |
| Basic Materials Industry Average Movement | 5.0% |
| Market Average Movement | 7.6% |
| 10% most volatile stocks in NG Market | 10.9% |
| 10% least volatile stocks in NG Market | 4.0% |
Stable Share Price: HBMNG has not had significant price volatility in the past 3 months compared to the NG market.
Volatility Over Time: HBMNG's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1959 | 1,478 | Lolu Alade-Akinyemi | www.hbmngplc.com |
HBM Nigeria Plc, together with its subsidiaries, manufactures, markets, and sells cement and other cementitious products in Nigeria. It offers aggregates, ready-mix concrete, fly-ash, cementitious tile adhesive, plaster of Paris (POP), and power generation products, as well as mortar and waste management solutions. The company provides cement solutions under the RoadCem, Unicem, Ashaka Cem, Watershield Cement, Elephant Cement, AshakaCem, PowerMax, CEM1, Ground Calcium Carbonate, Geocycle, Supafix, Supa Whyte, and Elephant Supaset brands.
HBM Nigeria Plc Fundamentals Summary
| HBMNG fundamental statistics | |
|---|---|
| Market cap | ₦6.04t |
| Earnings (TTM) | ₦348.79b |
| Revenue (TTM) | ₦1.23t |
Is HBMNG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HBMNG income statement (TTM) | |
|---|---|
| Revenue | ₦1.23t |
| Cost of Revenue | ₦485.45b |
| Gross Profit | ₦742.29b |
| Other Expenses | ₦393.50b |
| Earnings | ₦348.79b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 21.65 |
| Gross Margin | 60.46% |
| Net Profit Margin | 28.41% |
| Debt/Equity Ratio | 0% |
How did HBMNG perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/29 23:09 |
| End of Day Share Price | 2026/07/29 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
HBM Nigeria Plc is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Adedayo Ayeni | Absa Bank Limited |
| null null | ARM Research |
| Hajar Tahri Lamtahri | Bmce Capital Bourse |