May & Baker Nigeria plc (NGX:MAYBAKER)

May & Baker Nigeria Statistics

Total Valuation

NGX:MAYBAKER has a market cap or net worth of NGN 30.45 billion. The enterprise value is 33.52 billion.

Market Cap	30.45B
Enterprise Value	33.52B

Important Dates

The last earnings date was Tuesday, October 28, 2025.

Earnings Date	Oct 28, 2025
Ex-Dividend Date	May 21, 2025

Share Statistics

NGX:MAYBAKER has 1.73 billion shares outstanding.

Current Share Class	1.73B
Shares Outstanding	1.73B
Shares Change (YoY)	n/a
Shares Change (QoQ)	n/a
Owned by Insiders (%)	n/a
Owned by Institutions (%)	n/a
Float	n/a

Valuation Ratios

The trailing PE ratio is 12.99.

PE Ratio	12.99
Forward PE	n/a
PS Ratio	0.89
PB Ratio	2.67
P/TBV Ratio	2.68
P/FCF Ratio	n/a
P/OCF Ratio	53.79
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 7.51, with an EV/FCF ratio of -65.73.

EV / Earnings	14.30
EV / Sales	0.98
EV / EBITDA	7.51
EV / EBIT	9.12
EV / FCF	-65.73

Financial Position

The company has a current ratio of 1.75, with a Debt / Equity ratio of 0.69.

Current Ratio	1.75
Quick Ratio	0.66
Debt / Equity	0.69
Debt / EBITDA	1.76
Debt / FCF	-15.45
Interest Coverage	5.09

Financial Efficiency

Return on equity (ROE) is 22.20% and return on invested capital (ROIC) is 13.39%.

Return on Equity (ROE)	22.20%
Return on Assets (ROA)	9.68%
Return on Invested Capital (ROIC)	13.39%
Return on Capital Employed (ROCE)	23.41%
Revenue Per Employee	87.29M
Profits Per Employee	5.98M
Employee Count	396
Asset Turnover	1.43
Inventory Turnover	2.41

Taxes

In the past 12 months, NGX:MAYBAKER has paid 1.29 billion in taxes.

Income Tax	1.29B
Effective Tax Rate	35.53%

Stock Price Statistics

The stock price has increased by +136.91% in the last 52 weeks. The beta is 0.08, so NGX:MAYBAKER's price volatility has been lower than the market average.

Beta (5Y)	0.08
52-Week Price Change	+136.91%
50-Day Moving Average	17.47
200-Day Moving Average	13.06
Relative Strength Index (RSI)	55.54
Average Volume (20 Days)	602,333

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, NGX:MAYBAKER had revenue of NGN 34.22 billion and earned 2.34 billion in profits. Earnings per share was 1.36.

Revenue	34.22B
Gross Profit	10.25B
Operating Income	3.70B
Pretax Income	3.64B
Net Income	2.34B
EBITDA	4.49B
EBIT	3.70B
Earnings Per Share (EPS)	1.36

Balance Sheet

The company has 4.81 billion in cash and 7.88 billion in debt, giving a net cash position of -3.07 billion or -1.78 per share.

Cash & Cash Equivalents	4.81B
Total Debt	7.88B
Net Cash	-3.07B
Net Cash Per Share	-1.78
Equity (Book Value)	11.39B
Book Value Per Share	6.60
Working Capital	8.67B

Cash Flow

In the last 12 months, operating cash flow was 566.11 million and capital expenditures -1.08 billion, giving a free cash flow of -509.93 million.

Operating Cash Flow	566.11M
Capital Expenditures	-1.08B
Free Cash Flow	-509.93M
FCF Per Share	-0.30

Margins

Gross margin is 29.94%, with operating and profit margins of 10.82% and 6.85%.

Gross Margin	29.94%
Operating Margin	10.82%
Pretax Margin	10.63%
Profit Margin	6.85%
EBITDA Margin	13.12%
EBIT Margin	10.82%
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of 0.40, which amounts to a dividend yield of 2.27%.

Dividend Per Share	0.40
Dividend Yield	2.27%
Dividend Growth (YoY)	33.33%
Years of Dividend Growth	n/a
Payout Ratio	29.43%
Buyback Yield	n/a
Shareholder Yield	2.27%
Earnings Yield	7.70%
FCF Yield	-1.67%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on June 14, 2010. It was a forward split with a ratio of 1.40001.

Last Split Date	Jun 14, 2010
Split Type	Forward
Split Ratio	1.40001

Scores

NGX:MAYBAKER has an Altman Z-Score of 2.99 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	2.99
Piotroski F-Score	5