BUA Cement Ratios and Metrics

Market cap in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 17, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	11,063,484	6,044,787	3,149,385	3,284,842	3,310,241	2,270,605
Market Cap Growth	251.29%	91.94%	-4.12%	-0.77%	45.79%	-13.32%
Enterprise Value	11,309,880	6,435,782	3,675,386	3,501,226	3,492,950	2,419,225
Last Close Price	326.70	178.50	91.00	93.44	91.50	60.49
PE Ratio	31.07	16.98	42.61	47.30	32.77	25.21
Forward PE	24.96	14.37	35.98	22.66	26.10	22.13
PS Ratio	9.38	5.13	3.59	7.14	9.17	8.82
PB Ratio	16.44	8.98	8.11	8.53	8.05	5.70
P/TBV Ratio	16.78	9.17	8.39	8.82	8.19	5.78
P/FCF Ratio	29.76	16.26	27.26	89.52	71.59	16.06
P/OCF Ratio	24.51	13.39	7.77	22.25	22.45	11.41
PEG Ratio	-	0.82	0.82	0.82	0.82	0.82
EV/Sales Ratio	9.59	5.46	4.19	7.61	9.68	9.40
EV/EBITDA Ratio	20.09	11.44	13.68	20.77	22.52	20.55
EV/EBIT Ratio	22.02	12.53	15.76	24.45	26.34	23.64
EV/FCF Ratio	30.42	17.31	31.81	95.41	75.55	17.12
Debt / Equity Ratio	0.78	0.78	1.49	1.38	0.58	0.50
Debt / EBITDA Ratio	0.94	0.94	2.15	3.16	1.54	1.67
Debt / FCF Ratio	1.42	1.42	5.01	14.51	5.18	1.39
Net Debt / Equity Ratio	0.37	0.37	1.27	0.80	0.47	0.34
Net Debt / EBITDA Ratio	0.44	0.44	1.84	1.82	1.23	1.15
Net Debt / FCF Ratio	0.66	0.66	4.28	8.37	4.14	0.95
Asset Turnover	0.69	0.69	0.63	0.44	0.45	0.34
Inventory Turnover	1.90	1.90	2.96	2.64	3.22	3.79
Quick Ratio	0.40	0.40	0.15	0.60	0.25	0.46
Current Ratio	0.95	0.95	0.65	1.06	0.77	0.99
Return on Equity (ROE)	67.08%	67.08%	19.10%	17.44%	24.96%	23.27%
Return on Assets (ROA)	18.74%	18.74%	10.46%	8.56%	10.35%	8.56%
Return on Invested Capital (ROIC)	40.95%	43.62%	21.96%	22.11%	19.64%	17.00%
Return on Capital Employed (ROCE)	44.30%	44.30%	23.40%	17.10%	21.50%	17.60%
Earnings Yield	3.22%	5.89%	2.35%	2.11%	3.05%	3.97%
FCF Yield	3.36%	6.15%	3.67%	1.12%	1.40%	6.22%
Dividend Yield	3.06%	5.60%	2.25%	2.14%	3.06%	4.30%
Payout Ratio	19.50%	19.50%	91.64%	136.52%	87.17%	77.71%
Total Shareholder Return	3.06%	5.60%	2.25%	2.14%	3.06%	4.30%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.