HBM Nigeria Plc (NGX:HBMNG)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
325.00
+8.90 (2.82%)
At close: Nov 13, 2026

HBM Nigeria Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, HBM Nigeria stock has a consensus rating of "Buy" and an average price target of ₦358.73. The average 1-year stock price forecast is 10.38% higher than the current stock price, while the lowest is ₦192.50 (-40.77%) and the highest is ₦412.59 (+26.95%).

Price Target: ₦358.73 (+10.38%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price₦192.50₦358.73₦393.41₦412.59
Change-40.77%+10.38%+21.05%+26.95%

Analyst Ratings

The average analyst rating for HBM Nigeria stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart
RatingJun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Strong Buy333233
Buy111100
Hold111111
Sell000000
Strong Sell111111
Total666555

Financial Forecast

Revenue This Year
1.49T
from 1.07T
Increased by 40.12%
Revenue Next Year
1.79T
from 1.49T
Increased by 19.79%
EPS This Year
22.68
from 16.96
Increased by 33.73%
EPS Next Year
30.81
from 22.68
Increased by 35.83%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
293.09B373.24B405.50B696.76B1.07T1.49T
Revenue Growth
27.11%27.35%8.64%71.83%53.04%40.12%
Gross Profit
147.28B196.01B206.37B345.83B616.24B949.22B
Gross Margin
50.25%52.52%50.89%49.63%57.79%63.53%
Operating Income
69.53B83.90B101.58B187.34B388.17B522.69B
Net Income
51.00B53.65B51.14B100.15B273.12B418.90B
EPS
----16.9622.68
EPS Growth
----172.67%33.73%
Forward PE
7.395.707.799.606.6914.33
Dividend / Share
2.002.001.901.2010.0020.65
Dividend Growth
100.00%--5.00%-36.84%733.33%106.47%
Free Cash Flow
----218.02B-109.60B
No. Analysts
-----5
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is NGN.

Revenue Forecast

Revenue202620272028
High1.6T
Avg1.5T
Low1.4T

Revenue Growth

Revenue Growth202620272028
High
50.0%
Avg
40.1%
Low
29.9%

EPS Forecast

EPS202620272028
High22.68
Avg22.68
Low22.68

EPS Growth

EPS Growth202620272028
High
33.7%
Avg
33.7%
Low
33.7%