Nigerian Breweries 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 29, 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	2,438,364	2,333,022	991,457	369,941	421,321	403,792
Market Cap Growth	145.94%	135.31%	168.00%	-12.20%	4.34%	-9.83%
Enterprise Value	2,362,201	2,425,948	1,609,579	656,938	520,436	470,683
Last Close Price	78.70	75.30	32.00	33.33	37.01	34.89
PE Ratio	22.11	23.54	-	-	31.96	31.88
Forward PE	12.40	10.87	73.57	-	14.35	20.66
PS Ratio	1.63	1.59	0.91	0.62	0.77	0.92
PB Ratio	3.96	4.16	2.14	5.85	2.34	2.35
P/TBV Ratio	4.70	5.05	2.73	-	4.88	5.21
P/FCF Ratio	9.42	22.28	-	-	-	12.54
P/OCF Ratio	6.36	10.23	19.05	-	18.70	4.41
PEG Ratio	0.34	0.50	0.50	0.50	0.50	0.65
EV/Sales Ratio	1.58	1.65	1.48	1.10	0.95	1.08
EV/EBITDA Ratio	8.26	8.72	13.39	7.46	5.98	6.45
EV/EBIT Ratio	11.57	12.00	24.01	15.68	10.61	12.52
EV/FCF Ratio	9.13	23.16	-	-	-	14.61
Debt / Equity Ratio	0.09	0.11	0.45	5.40	0.68	0.18
Debt / EBITDA Ratio	0.20	0.21	1.72	3.82	1.39	0.40
Debt / FCF Ratio	0.22	0.57	-	-	-	0.97
Net Debt / Equity Ratio	-0.12	0.00	0.13	4.77	0.56	0.09
Net Debt / EBITDA Ratio	-0.27	0.00	0.49	3.43	1.15	0.20
Net Debt / FCF Ratio	-0.29	-0.01	-0.68	-1.74	-1.33	0.46
Asset Turnover	1.31	1.33	1.12	0.85	1.00	0.94
Inventory Turnover	5.16	4.81	5.04	3.77	4.63	5.63
Quick Ratio	0.48	0.23	0.32	0.15	0.15	0.10
Current Ratio	0.83	0.69	0.68	0.39	0.38	0.44
Return on Equity (ROE)	19.68%	19.35%	-54.96%	-87.42%	7.50%	7.61%
Return on Assets (ROA)	11.19%	11.47%	4.33%	3.70%	5.55%	5.04%
Return on Invested Capital (ROIC)	23.96%	23.02%	15.10%	12.98%	15.99%	9.83%
Return on Capital Employed (ROCE)	32.40%	35.20%	13.10%	19.80%	23.10%	17.60%
Earnings Yield	4.53%	4.25%	-14.61%	-28.74%	3.13%	3.14%
FCF Yield	10.62%	4.49%	-8.63%	-46.87%	-17.88%	7.98%
Dividend Yield	-	-	-	-	3.65%	3.67%
Payout Ratio	2.99%	3.00%	-	-	57.55%	39.31%
Buyback Yield / Dilution	-79.82%	-158.16%	-44.62%	-	17.46%	-0.58%
Total Shareholder Return	-79.82%	-158.16%	-44.62%	-	21.10%	3.09%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.