Nigerian Breweries Plc (NGX:NB)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
69.70
-0.80 (-1.13%)
At close: Aug 13, 2026

Nigerian Breweries Statistics

Total Valuation

NGX:NB has a market cap or net worth of NGN 2.16 trillion. The enterprise value is 2.08 trillion.

Market Cap2.16T
Enterprise Value 2.08T

Important Dates

The last earnings date was Thursday, July 30, 2026.

Earnings Date Jul 30, 2026
Ex-Dividend Date n/a

Share Statistics

NGX:NB has 30.98 billion shares outstanding. The number of shares has increased by 38.60% in one year.

Current Share Class 30.98B
Shares Outstanding 30.98B
Shares Change (YoY) +38.60%
Shares Change (QoQ) n/a
Owned by Insiders (%) 0.00%
Owned by Institutions (%) 0.13%
Float 8.40B

Valuation Ratios

The trailing PE ratio is 20.87 and the forward PE ratio is 10.56. NGX:NB's PEG ratio is 0.29.

PE Ratio 20.87
Forward PE 10.56
PS Ratio 1.41
PB Ratio 3.34
P/TBV Ratio 3.89
P/FCF Ratio 10.31
P/OCF Ratio 6.50
PEG Ratio 0.29
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 7.00, with an EV/FCF ratio of 9.96.

EV / Earnings 20.12
EV / Sales 1.36
EV / EBITDA 7.00
EV / EBIT 9.74
EV / FCF 9.96

Financial Position

The company has a current ratio of 0.93

Current Ratio 0.93
Quick Ratio 0.49
Debt / Equity n/a
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage 4.76

Financial Efficiency

Return on equity (ROE) is 17.34% and return on invested capital (ROIC) is 21.56%.

Return on Equity (ROE) 17.34%
Return on Assets (ROA) 12.14%
Return on Invested Capital (ROIC) 21.56%
Return on Capital Employed (ROCE) 32.08%
Weighted Average Cost of Capital (WACC) 5.32%
Revenue Per Employee 671.76M
Profits Per Employee 45.42M
Employee Count2,282
Asset Turnover 1.39
Inventory Turnover 4.68

Taxes

In the past 12 months, NGX:NB has paid 81.51 billion in taxes.

Income Tax 81.51B
Effective Tax Rate 44.02%

Stock Price Statistics

The stock price has decreased by -6.32% in the last 52 weeks. The beta is 0.19, so NGX:NB's price volatility has been lower than the market average.

Beta (5Y) 0.19
52-Week Price Change -6.32%
50-Day Moving Average 74.99
200-Day Moving Average 76.28
Relative Strength Index (RSI) 34.14
Average Volume (20 Days) 5,646,299

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:NB had revenue of NGN 1.53 trillion and earned 103.64 billion in profits. Earnings per share was 3.34.

Revenue1.53T
Gross Profit 609.04B
Operating Income 214.08B
Pretax Income 185.14B
Net Income 103.64B
EBITDA 296.48B
EBIT 214.08B
Earnings Per Share (EPS) 3.34
Full Income Statement

Balance Sheet

The company has 74.63 billion in cash and no debt, with a net cash position of 74.63 billion or 2.41 per share.

Cash & Cash Equivalents 74.63B
Total Debt n/a
Net Cash 74.63B
Net Cash Per Share 2.41
Equity (Book Value) 645.86B
Book Value Per Share 20.85
Working Capital -30.01B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 332.06 billion and capital expenditures -122.68 billion, giving a free cash flow of 209.38 billion.

Operating Cash Flow 332.06B
Capital Expenditures -122.68B
Depreciation & Amortization 82.40B
Net Borrowing -181.28B
Free Cash Flow 209.38B
FCF Per Share 6.76
Full Cash Flow Statement

Margins

Gross margin is 39.73%, with operating and profit margins of 13.96% and 6.76%.

Gross Margin 39.73%
Operating Margin 13.96%
Pretax Margin 12.08%
Profit Margin 6.76%
EBITDA Margin 19.34%
EBIT Margin 13.96%
FCF Margin 13.66%

Dividends & Yields

NGX:NB does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio 3.19%
Buyback Yield -38.60%
Shareholder Yield -38.60%
Earnings Yield 4.80%
FCF Yield 9.70%
Dividend Details

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

Analyst Forecast

The average price target for NGX:NB is 92.53, which is 32.76% higher than the current price. The consensus rating is "Buy".

Price Target 92.53
Price Target Difference 32.76%
Analyst Consensus Buy
Analyst Count 6
Revenue Growth Forecast (3Y) 21.58%
EPS Growth Forecast (3Y) 43.43%

Stock Splits

The last stock split was on December 7, 2022. It was a forward split with a ratio of 1.25.

Last Split Date Dec 7, 2022
Split Type Forward
Split Ratio 1.25

Scores

NGX:NB has an Altman Z-Score of 5.16 and a Piotroski F-Score of 7.

Altman Z-Score 5.16
Piotroski F-Score 7