May & Baker Nigeria 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	Apr '26 Apr 13, 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	60,038	32,779	16,217	9,057	7,419	6,935
Market Cap Growth	300.00%	102.13%	79.05%	22.09%	6.97%	14.53%
Enterprise Value	59,148	33,780	18,526	10,977	11,343	10,105
Last Close Price	34.80	19.00	9.12	4.88	3.72	3.27
PE Ratio	13.53	7.39	10.01	8.36	4.98	6.61
PS Ratio	1.57	0.86	0.56	0.46	0.52	0.58
PB Ratio	4.40	2.40	1.64	1.03	0.90	0.95
P/TBV Ratio	4.40	2.40	1.64	1.03	0.90	0.96
P/FCF Ratio	20.69	11.29	7.28	-	23.17	-
P/OCF Ratio	14.78	8.07	4.63	12.01	3.60	-
EV/Sales Ratio	1.55	0.88	0.64	0.56	0.79	0.85
EV/EBITDA Ratio	8.41	4.79	5.85	5.78	10.76	4.49
EV/EBIT Ratio	9.49	5.40	7.60	8.40	22.78	5.99
EV/FCF Ratio	20.38	11.64	8.31	-	35.43	-
Debt / Equity Ratio	0.42	0.42	0.48	0.76	0.68	0.90
Debt / EBITDA Ratio	0.80	0.80	1.51	3.53	5.31	2.91
Debt / FCF Ratio	1.96	1.96	2.15	-	17.51	-
Net Debt / Equity Ratio	-0.06	-0.06	0.16	0.38	0.33	0.50
Net Debt / EBITDA Ratio	-0.13	-0.13	0.49	1.75	2.56	1.63
Net Debt / FCF Ratio	-0.31	-0.31	0.70	-11.55	8.43	-1.28
Asset Turnover	1.59	1.59	1.35	1.03	0.81	0.74
Inventory Turnover	2.75	2.75	2.21	1.64	1.37	1.26
Quick Ratio	1.09	1.09	0.45	0.47	0.64	0.65
Current Ratio	2.31	2.31	1.53	1.56	1.93	2.07
Return on Equity (ROE)	37.69%	37.69%	17.35%	12.73%	19.24%	14.98%
Return on Assets (ROA)	16.26%	16.26%	7.12%	4.26%	1.75%	6.59%
Return on Invested Capital (ROIC)	32.26%	35.04%	13.04%	8.09%	3.26%	13.58%
Return on Capital Employed (ROCE)	35.20%	35.20%	19.60%	11.30%	4.20%	14.60%
Earnings Yield	7.39%	13.53%	9.99%	11.96%	20.09%	15.13%
FCF Yield	4.83%	8.85%	13.74%	-3.18%	4.32%	-41.06%
Dividend Yield	1.15%	-	4.39%	-	8.06%	9.17%
Payout Ratio	15.55%	15.55%	31.93%	47.79%	34.72%	49.31%
Total Shareholder Return	1.15%	-	4.39%	-	8.06%	9.17%

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